Member Info for TrekMadone

It’s defo on a run up to the bumper divi! Be good to get to over 330 so we stay well above 300p after xd!

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Trek

AJB interim results like by market. SP up 7%. I think that’s as good a read as one can get.

I have added.

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Trek

ATM can get a quote to sell 3m max on ii at .65 and could buy at .67.

Amazing liquidity for a stock this size!

Still no TR1’s, so someone may be being naughty. Which does happen.

(I reported Acacia to the MAR for blatantly selling (SNG) without notice and the MAR said they would send them some educational material! I reported them twice more after for different companies and the MAR said they don’t comment on individual examples!

So yes it does happen and it isn’t enforced although the TR1’s did eventually come through. Imo the MAR couldn't care less if a PI looses money while an insti makes it! All part of ‘regulation!’)

Or one can assume this is having the arse traded off of it but for the most part the spreads are a deterrent although that said I have managed to sell some and buy back cheaper but days after selling a small percentage not the same day or within a day.

Probably a combination of both brought about by the confusion in the comms consequently dividing opinions and likely even resulting in -20% down folk selling.

Seems to me that whenever RM tries to address it more confusing evolves and more selling!

I hope the next interview and newsflow clears up some of this and clarifies the objectives with more ‘how’ not just ‘what and when’.

I am still convinced this will turnaround. There are some very knowledgeable posters here who’s data I have validated and think this is just teething problems.

The mcap is getting so disconnected now. I have set another buy target having sliced elsewhere.

Very interested to see what’s next. Fingers crossed emoji!!

Good luck with your investments

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Trek

Noted. Market just took the divi off of 4p.

Built myself a little excel to factor in the changes. Could be a well timed ‘9 dart finish’ here to make a few bob ahead of closure.

Those that follow the story will understand what I am saying.

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Trek

Well at least that’s confirmation that it doesn’t seem to be anything ‘sinister’, in terms of a dump!

Yesterday’s large trades took UBS below threshold. They were likely all their sells (2x 150k and 1 x 157k) else if the later trade was a buy as it was at a higher SP it would not have resulted in a crossing.

So I can only assume UBS are moving stock on to another account/recipients/nominees etc.

All normal ‘abnormal’ behaviour if trying to build a position in a relatively illiquid stock. I saw similar trades at HZD and LID before a bid came in.

That’s NOT to say I am right in terms of a bid coming. Could be another reason.

I am just buying shares here so I am biased and as there are only a handful of posters here and no volume it will likely take ages to grab any meaningful numbers of shares here so I wouldn’t expect anything quick.

I also noticed how GLO share price was being held back with huge numbers of single trades followed by odd high UT trades end of day. I posted it there. Then look what followed!

DYOR and …..

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Trek

Really low volume so far today on results day. Don’t get that at all. Perhaps the City folk need permission to buy or are still running their slide rules as the numbers are I believe much better than the market was leaning towards.

Still gives us PI’s a chance to top up before SP does it’s usual lag and catch up!

For those that find the divi confusing PAY pay two interims and two finals. Sometime more. So the 18p is a final split July and Sept, 9p each. If the next interims follow the same. I.e no increase (unlikely) that will be an additional 18p split 9p in March and 9p in December.

Those are the payment dates which of course can change so assume 36p per year in 4 instalments. That gives a quarterly yield of 6.16% at 584p.

The policy is to hold the divi with 1.2 to 1.5x cover.

It’s currently higher due to cash from disposals - cash £67.9m / (2x £12.4m divi, assuming next interim is same as this final) = 2.74 x dividend cover.

Could be further acquisitions or another special divi to get back to 1.5x cover 67.9-(1.5x24.8) = 30.2m surplus cash. Not as simple as that but shows there is scope.

This may help…. Not updated yet but you will get the gist…

https://corporate.paypoint.com/investor-centre/dividends

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Trek

I picked up 2x 500 shares. I think the market will like when they wake up!

Could also fuel takeover interest no prelims are out the way!

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Trek

My macro comments refer to rates, Ukrainian war, energy costs and supply constraints as opposed the lower level consequence of increased cash use for some to manage budgets which has resulted in a higher ‘till’ service take up.

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Trek

Great set of results with beats across the board. Cash in from disposals and divi up quite substantially.

Obvious macro headwinds which are same for all.

I am a bit confused with the regulatory comments. I take it OFGEM have accepted the commitments as closure. If so great result. For some reason I thought we were awaiting final letter but hey, easy to miss.

Anyways I will be adding. Having lost future income with the takeover of GLO (8.55% forward yield paid quarterly, 2.5x covered with cash) this is an obvious candidate to make up some shortfall. Whilst it doesn’t have the same divi cover it offers higher growth.

Predicting SP’s usually results in egg on one’s face at the same time we don’t buy shares unless we think they are going to go up! I now think we will gradually head above 6 as these results are absorbed.

Let’s hope it’s not omelette for breakfast and an embarrassed Trek!

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Trek

457000 shares traded in 3 trades today, approx .66%. I am guessing sells, well at least 300k were.

300k is .43% ish., 157k is .227%ish just using the 69m here.

UBS at 5.398896%

Will be interesting to see if we get a UBS TR1 below 5% by Friday.

I was happy to nibble a few more lol!

I just can’t see that they are making money here. As itsyou has also alluded to I think they are buying and moving the stock on.

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Trek

Just topped up a ‘small amount’ 150k and went back to buy more just to get a price and it was slightly less. Seems odd. Wouldn’t have thought there was a sell at same time.

Anyways, decided based on management’s skin in this and it being well below the placings now to buy regular small amounts as at some point the ops should improve and lead to 24k Oz pa.

Fortunately, I can sit here until it plays out but I feel sorry for those that can’t shift funds to average down at these prices. Well that’s as long as it bounces of course!

Just seems that clarity is needed as obviated by the drop and once provided, which looks set, it (SP) should come back up.

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Trek

Interesting timing of the announcement for Brittany. I know she has been working for us for a while. I am assuming it’s a promotion. Either way I am delighted she has decided to take the post.

Idaho local with her own public profile that she brings to the team and a great cv. Community engagement and trust will be key as the mine develops.

Also Paul director of ShareSoc an advocate for us PI’s. Wow! He will be well aware of the tough time we have had in the smallcap space of late!

Sounds like two great appointments. We have enough geo’s, mining and finance experience on the team. Now we have more regulatory, community and investor engagement experts. Looking like a more rounded team!

One thing I learnt was ‘don’t build a team in your own image!’ PXC have certainly recruited a diversity of skills now!

All lining up nicely and still only a few regulars here.

Shhh!

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Trek

There she is 300p. Now question is will she hold.

It’s an obvious profit taking point. Well I hope so as will try and catch any retrace here now to average up some more.

VIX was 77% when I last looked!

Nothing like a rising SP to change sentiment.

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Trek

Really strong bull flag completing. Just needs a couple of closes above 5 to complete then should look to break above the uptrend resistance of .65.

Not that it matters it’s the churn ahead of news that needs to play out but it helps to have a chart on your side as well!

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Trek

Seems to dip during the day rise at the end and dip at the next open. 46.38 to 50p today.

It’s a similar pattern of late albeit with a lower high.

Early afternoon (2pm ish) seems to be a good price unless you catch them knapping early doors!

I will likely be joining you next week!

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Trek

I am back on the sidelines, got out at evens as there were (I thought) better offers elsewhere but as it happens it doesn’t matter where you buy the small cap world has been hammered but thankfully I have made up for it on 250 companies! Unbelievable really.

Anyways all the RNS says to me is uncertainty still, no hurry to rush back in but defo one for the calendar to time ones re entry within the next couple of months. Oh if it gets sold by then so be it but I don’t see that happening ahead of conversion and next drill.

Looks like the market agrees with another SP drift!

Still not long now; time enough to pick a looser elsewhere then recoup it here! Lol!

Good luck with your investments

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Trek

9 TR1’s from UBS, oh! Okey okey Kokey!

I doubt it’s a fund thing rooster. Big Co and tiny ONC. They’d probably have a cash float for the little changes.

Could be working average or buying and moving stock to a nominee account. There were a couple of larger trades, marked as unknown Friday from memory. Was probably them,

I am not sure, only guessing. Don’t know if itsyou has any tech on it?

Ps I picked up a small amount again today.

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Trek

After a brief pull back off again with a strong close today. Dow having a bounce. So PHNX should open up again tomorrow.

Anyone looking to take profits would probably target 650p now, back to 670 may be on but not sure that will stick just yet.

I decided to hold here now. Having been robbed at GLO with a paltry t/o price I now need to fill the huge income gap from that gem - 8.55% quarterly 2.8x covered! PHNX will have to do to cover some of it.

Good luck with your investments

Trek

Only 61 posts today. That’s encouraging. Why coz during the covid rush hit stocks had around 1000 posts a day.

61 posts and a seller means more buying pressure to come later. Means buying now could be a huge opportunity ahead of news getting wider coverage.

You’ll be surprised how many folk leave it till days before.

Anyways after all the recent dusters we are due one! Does that improve the cos? Mmmm

Good luck with your investments

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Trek

300p getting nearer, just taken longer. May be another bit of profit taking at 300 but I think this is now rerating.

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Trek