Member Info for TrekMadone

This is often NT to sell. We now have had occasions when it’s NT to buy as most trades seem to be matched here.

It’s pretty obvious but when more buying pressure arrives (news) this will move up.

There is often little connection between the value of the company and its SP. It’s about buys and sells.

Companies can be disproportionately over or undervalued. We just have to do our best to navigate the madness!

Often the best defence is averaging in or out, or even both over time to get a SP average that always has a chance.

Usual caveats

Trek

Not stellar but in line.

Need to realise that the Q on Q rise in commodity prices is the real driver here rather than the pretty much like for like output.

Usual caveats

Trek

Yes typical, I sold half at 308 looking to feed back in. Will wait a little longer now as lots of selling still. Also have plenty of time to get in for the blockbuster divi.

Doesn’t make sense selling at these levels given results and director buys but that’s what the market is doing atm. TA showing could go to 270.

Director buy is very positive though especially CFO! Directors sell for many reasons but the usually only buy for one reason, even small amounts!

If I wasn’t already in I would buy here sub 300 now with one third and then try and averaged in from there.

As I am already invested I need it to drop a little more to make any difference before adding. I intend to see how it goes but I will feed in in time to bag the divi.

Usual caveats

Trek

Well in with an average of 706p and now it’s 800p. Not bad and played TA well.

Getting a good quarterly divi and a nice sp cushion with defensive qualities.

If it drops below my average I will add here other than that I have a good size pot tucked away and will sit out trading this one now.

Good luck with your investments

Trek

Blocklisting - So no more warrants or securities issued and only 8m ish left. Fully diluted is 130m shares. Option prices vary but even say 30p average so another £2.5m cash to add to min £10m cash on hand (my calc).

Show me another miner on the cusp of building a mine with 130m shares. Yes million not a billion!

And pending non dilutive finance!

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Trek

Hi guys,

No I exited here a while back rode 150 to a tad over 700p before exiting. Don’t get em all right but I have done pretty well with my profits. I had to help out the kids and diversify to some yield. I also added substantially to PXC at around 48p and GCAT sub 1p.

I thought it looked toppy here but I was wrong. Just note that shares can zip up and down! If you have good profit I would be tempted to cash some in ideally aim for a free carry but hey I said that at 700p and thermal coal just keeps rising!

This is still a great story here, be aware things can change but it does look more solid now than perhaps at any time earlier. Anyways anyone riding these stocks are more than capable of making their own decisions and a variety of decisions is what makes the market!

Good luck with your investments.

Oh and on He1. I went fro 6p to 24p and banked substantial profits and yes if they next get their finance sorted and a drill and hit half a TCF equivalent there is no reason £5 won’t happen. Game still on but it shows why it helps to bank profits. However, anyone looking at He1 I would wait until they sort the finance package out that they don’t need! Lol!

Yep and in the 80’s TXP is imo a pretty solid bet to long term riches. It’s my highest position and I am buying the story there rather than trading it as I have a ridiculously low average and am all in in my ISA for approx 150k shares. The rest is in Mrs Treks which is doing extremely well from a small start thanks to ARB 4.3p where we sold the last at 160p! Her ISA now pays a good income and has further growth potential.

Anyways good luck here guys.

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Trek

Yep I got 10k more at the closing bell. Follow the money. The timing of those ‘unknown’ trades indicate a broker picked them up on DMA.

Overweight in here now as convinced we will get debt finance news soon. Have the option reduce to equal weight then and feed back in when it settles. I just think that now is the time to be all in here ahead of news.

130 trades posted so far. Can’t wait for it the get to hundreds or at least try to! Lol!

Finance, finance, finance!

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Trek

Nothing to see here if the MM is happy to take 4m in one hit!

Even though they are making the spread they still have to shift that from the books so obviously they are confident.

When they mark this up buyers will emerge. Such is the madness folk buy when it’s rising and avoid when it’s ‘cheap’ coz they don’t know where the bottom is or when a seller has cleared. Biggest fear is cheap gets cheaper!

I reckon it’s getting primed for a leg up and the MM is filling the hopper and rubbing their hands as we are oh so predictable! Lol!

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Trek

Yes itsyou, thanks.

Trek

UBS now below 5%.

With no significant trades. Had there been they’d have lost money on this.

The mind boggles at how it all works at times.

Still ONC keep on testing at an 80% margin!

One day the math will win!

Usual caveats

Trek

Non dilutive debt finance. That’s been intimated as the financing method now three times.

Perhaps next time we will have a RNS confirming non dilutive debt financing.

That will obviously be great for the SP but I wonder if it will pull money away from other miners that are still bent on hugely discounted and dilutive BOGOF warrants with BoD and broker bonus shares.

Given the asset here and the postcode if I wanted exposure to a junior polymetallic mine why would I risk diluting my cash elsewhere. Other factors being equal of course.

I am very surprised at how quiet it is here.

Perhaps the market still remains unconvinced.

Mmmm

Usual caveats

Trek

Heading back to 280-300 by the looks on back of absorbed results and copper!

Usual caveats

Trek

Unfortunately like any investment it depends on timing. I have averaged down to sub 5p now. It’s been hard work!

Re funding the P1 GaM trial is sponsored which is fully funded. We know from the RNS and the tweets.

As far as IB goes that ‘should’ be self funded based on the known revenues and grants…..

‘ we saw a step-change increase in revenue and completed our most successful year on record; more than doubling revenue to nearly $700K. While we continue to receive funding from the National Institutes of Health (NIH) for various grant activities, this marked increase was driving by growth in sales of IB Clinic-container edition (IB-ce). In addition to record sales, we continued to receive strong activity for trial requests of IB software. Most of these requests were for IB-ce, which enables fully automated generation of our quantitative parameter maps. We are the only company in the world with this capability and, given that IB-ce was introduced only a few short years ago, we are extremely encouraged with the initial adoption rate. …..etc”

So for all intensive purposes this is ticking along under its own steam.

Regarding the other tech, stonechecker and the other IB suite I think that’s on ice whilst the aforementioned projects are matured.

However, the lack of updates that may drive the exit spike that many hope for is well overdue.

All said a bigger contract, JV or sale of IB could massively rerate this lowly mcap. Holders will know that one cannot rule out a US buyer. It happened at Lidco last year. There is an appetite for this tech. We know that from the contracts and USP of the product. We know our closest peer POLX is worth much more!

Don’t you just love FOMO hey! Should I stay or should I go now. If I go it will more than double and if I stay there will likely be trouble! Lol!

All I can say is if you are nervous don’t be greedy. But don’t miss out!

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Trek

Back in. Excellent regulatory timing in oil bull market where US will be looking for more independent supply and ESG credentials.

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Trek

Interesting general view…

“ Last week’s correction in commodities acts as an incentive to enter the market or to strengthen positions. Gold, iron ore, aluminium, natural gas, wheat and oil prices retreated between 5% and 13%, which is a drop in the ocean compared with the rise so far. With fundamentals on the side of commodities, this correction seems like a second opportunity to enter the market.”

https://masterinvestor.co.uk/commodities/commodities-are-the-best-hedge-this-year/?utm_source=Weekly+News&utm_campaign=1f72fb3bae-Weekly_News_20200503_COPY_01&utm_medium=email&utm_term=0_6383de1f13-1f72fb3bae-48843590&mc_cid=1f72fb3bae&mc_eid=418bda054f

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Trek

Thanks mark, yes 29m shares! Lol!

‘ The maximum aggregate number of shares that will be repurchased is 29,071,747 ordinary shares. The purpose of the Buyback Programme is to reduce share capital.“

Too many shares to follow!

Thank you for the correction.

Trek

Another £389k smoked on Friday. I can’t believe that that is all free float. I think the buy back has given a seller an out which may explain somewhat that 33p drop as a ‘fair’ market level is reached.

If you take out Cuddas whom I doubt would sell and then look at the insti holdings a 10% buy back is enough to take out 2 or 3 positions should they wish to exit.

Of course it’s all guess work on my part but I think as we get halfway through the buy back that will be the ‘low hanging fruit smoked’. Then the price should turn, possibly significantly as sellers will only be tempted by a much higher price.

Note only a few positions will trigger a TR1 assuming this is accurate.

https://www.marketscreener.com/quote/stock/CMC-MARKETS-PLC-26123514/company/

Usual caveats

Trek

Check out PXC at below 60p is a good entry. Not a divi payer but a potential copper mine in US. Huge potential upside and it looks like they are about to finalise debt finance so no dilution. Only 125m shares fully diluted which is very low for a miner.

Disclaimer I have a significant position there.

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Trek

Huge delta between sp rise and commodity rise on slide 4.

I think this has much further to run.

The deleveraging is also at pace which means that they should soon clear the $60m and then will be able to increase shareholder returns.

Cobalt prices also look to be held or increase going forward due to supply demand gap.

Nice little earner this one!

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Trek

XD today and SP hardly moves. That smoothing is one of the benefits of quarterly payers.

Good choices intoodeep. I held all of those. Sold lex recently just to bank some profits for elsewhere. May buy back though. I also added to both TXP and PXC recently.

Usual caveats

Trek