Member Info for TrekMadone

Don’t be a conspi******. Some stocks I hold have had 6 one trades in a day. Even FTSE250 stocks like PAY & GLO and many others regularly have single trades. Go and read up on MM schemes under MiFID 2 and use of ALGO trades to generate liquidity.

Here’s some info.

Definition: market making incentive schemes that the Exchange is mandated to offer under Article 48(2)(b) of MiFID and Article 1 of Commission Delegated Regulation (EU) 2017/578

Page 58 covers it and also ALGO trades.

https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf

MiFID2 MM agmt tab...

https://docs.londonstockexchange.com/sites/default/files/documents/20200401%20MIT%20&%20TE%20Parameters%20version%207.2.xls

They basically run several small trades to range bound prices. Manage the market . Look at LND today 14x69 trades. What do you think that means? Lol!

Meanwhile US ten year treasuries over 2%, inflation +7.5% all playing to a more hawkish narrative. Not good for small caps!

We really need to close above 1.8 under our own steam or have some solid news. Thankfully there is a strong support here at 1.6 but don’t let further investor fatigue set in. Needs news!

Usual caveats

Trek

Yep SNG! Lol Qd22!

Typically it bounces here today!

Trek

Results soon then hopefully a raise at a much higher SP to move us forward.

My fag packet has the cash burn at $3.5m for the 6 months to end of January 22. That’s a tad higher than last year allowing for increased ops. Leaves us $1.5m + the 126k from the Cottesloe raise which is peanuts. But we are in a very strong financial position especially as miners go! That’s just when to top up the coffers imo.

If we have the right news we can get the cash from the 14p warrants and then raise another mill at say 15-20p to develop our assets. I don’t think there’d be many complaints!

Just need a CEO to focus on the fantastic opportunity this is!

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Trek

I prefer this thread…

For all the SNG workers catching up on the days events.

Go on thread view and read from the beginning.

Most of the best posts have been ticked up so you can skip the crap!

Good luck with your investments

Trek

Just amazing how it lifts out the delta. I can see why we are getting such prestigious uptakes!

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Trek

Imo it’s a bit of investor fatigue. News is slow. Other Pharma’s are bouncing off lows now. Sector as a hole has been well down the last 12 months. I don’t think there is anything wrong, Adam bought recently which helps. It’s just how low volumes on AIM distort stocks.

I have a couple others that have been the same.

The spread here has been poor, 9p some days. That doesn’t make for good trading.

I hope to add here at these levels. Just waiting for news elsewhere to sell into then will be topping up.

The govt’s cancer commitments and need to recover the covid backlog should result in more work for ONC.

Good luck with your investments

Trek

It says here trades can be reported up to 15mins late!

So mid could move up and buy looks like a sell before ALGO runs.

The opposite also happens when a SP tanks. The mid moves down before the ALGO runs and a sell looks like buy!

There has been a steady flow of trades today. Should be above 200p now but imo someone is dumping into the volume. Expect some lumpy late sells today.

An opportunity for them to get out or others to get in cheap. Pick a narrative!

Most importantly though is it’s difficult to orchestrate a significant bear trap or a flash crash with steady volumes.

Nothing has really changed ops wise. Just the timeline getting shorter!

Pick your risk position ahead of readout which looks imminent now.

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Trek

Well just broken a few in house rules and now significantly back in here. May take a few off later just so I can sleep a little but then imagine if the RNS lands tomorrow and it’s the rocket!

I expect a lot of risk money on the sidelines to come in later today. Traders will be waiting for the lift as a sign to piggy back the LTH’s here!

SP moving up nicely. Be good if it clears the 200 sells before 2.30pm.

Loving it!

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Trek

WelshFalcon,

Then they’d be daft! Coz the RNS will be out very soon imo.

Just how can you do a paper sift let alone reasonably expect the applicants to send in a cv.

Thursday 10th Feb 0700 - we are pleased to announce top line results, statistical differentiation over placebo group….bla bla then peer review…

Now wtf else can I sell!

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Trek

Top sleuthing ohdannyboy! I actually added some to my trading pot having read your post! Might just keep them now!

Good luck with your investments

Trek

Put my money where my mouth is 350k followed by 150k buy will show. Backing the +1.8 close and then into 2’s.

That’s a buy as another trade for me but keeping my core holding.

Took a while to decide as had a lot of others to review before plunging pretty much my last cash into here. Made a nice early doors buy on PAY of all things. Classic chart that one up 4% already! Been a nice little earner for me pretty much repeating the same trades.

Anyone trading here though imo is foolish unless they are also buying because they don’t mind holding. That imo is the secret.

So 500k added, taken my average up a tad. Would love to have had the holdings some have here though. Could be on a massive free carry by now!

Good luck with your investments

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Trek

Hi AM90,

A miss on ‘expectations’ not geo technicals. That imo accounts for at least some of the drop. Won’t be surprised to see it bounce at some point. That’s an opportunity for some.

Good luck with your investments

Trek

Looks like +20% at the bell!

Trek

Here’s a chart for this months priority…

https://tradingeconomics.com/commodity/cobalt

So much promised here, so much wasted. Let’s hope they finally get their act together for investors.

Been like the hundred meter dash for people with no sense of direction!

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Trek

Yep some of these companies just don’t get it. Give the market the solid news then attract new money!

Why also so many warrants. You don’t see that as often in pharma or even in O&G and yet in mining everyone wants to ‘sandbag’ shares yet the risks are not that dissimilar.

I expect the doc will be able to spin it for holders!

Good luck with your investments

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Trek

Well set out and clear RNS.

Old mining intercepts are usually a positive especially if you pick up gold above them!

More to come from this little company and SP near bottom of chart. Could see a break above 3.5 resistance today and hopefully that becomes next support.

Plenty of news due!

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Trek

I have said before 1.8 now looks more likely than 1.5.

1.6 has been a key support this year. Holders have been spooked by 1.5 following the December low. But this year 1.6 has held.

In the absence of news I expect another leg up soon. Another foray into the 2’s is likely IF we hold 1.8.

That would be the 5th attempt at twos since the collapse in May. If the twos hold and we go on to see 2.5 then that could be a handle forming. That’s what longer term traders are hoping for. A huge leap to 6’s!

This stock has multibagging potential on a TA basis alone!

Timing is everything but science is of course the real catalyst!

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Trek

I am with you O&W,

I have been out all day helping my son rewire an old Victoria house but fortunately I was able to just catch the RNS before leaving. It was a good read in terms of what they have achieved and it’s real resource. But my initial reaction was, however, it’s a miss on expectations and a need to fund.

As an active investor, some may say trader even though I have been here a while but today I sold….

Why;

nothing to do with the RNS technically. It will imo come good it just needs a little longer.

I sold because….

Longer term?
Can see SP dipping.
Need for cash to prove more resource.
Investor fatigue, not the moon numbers expected!
To bank profit and protect one’s capital should it break back to 20 as I read the chart.
Listening to the market and not just a BB.
If it is just knee jerk, I have have parked my money with a view to averaging back in when I have a clearer understanding. So read my post with that in mind! Plus I don’t mind paying more. Some folk don’t get that but hey!

Interestingly though, after this news, what is the point of investing in other explorers!!

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Trek

All I can say is it’s nice to be in a stock that I don’t have to check in on regularly.

500, 400, 300, 250 then I will take notice!

Lot of us called 500p from 200’s!

Also sliced a few on the way up!

Being in early is seems to be the the best way imo.

Chart away!

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Trek

Funny thing reverse psychology especially for the fickle…

SP goes up peeps buy…

SP goes down peeps sell…

For Poly to buy they needed the SP to go down…

Usual caveats

Trek