Member Info for TrekMadone

Hi SeaBoy,

It’s only just imo beginning!

I will have a sportsman’s bet that we will in the very near future see a flash crash here to take out stops.

If you publish buy/sells on an order basis they are visible to the MM. A point will come when we get closer to readout that some folk think they can cover their position by setting a stop.

What many fail to recognise is a stop is a trigger to sell. It is NOT the price you get on a sell. So if you set a stop at 180 and the SP drops to 150 your stop is triggered at 180 and you may only get 152.

If the SP then closes back at 195 you could be licking your wounds!

The order book is visible to the MM and they can work out how many shares they can grab in a bear raid. There will be relatively few buys set at say 160 compared to sells.

The stops can be taken out legitimately by a MM posted scheme under the guise of generating liquidity.

I have set buys at 160 and 150 in case it happens!

I can cancel them later but for now it’s an opportunity.

I only have invested here enough to make a huge life changing upside, mostly for the kids but if I loose I hope another play comes in and I can bounce back!

Usual caveats

Trek

Hi LO,

My point is the question that ‘we’ should be asking is why have they moved the drill from Creswick. Like I said, firstly we don’t know. But I think the pathfinders have given a solid indication of job done. They cannot possible mistake pyrite (fools gold) for any nuggets so any visible gold (nuggety) should be a clear indication. Imo they have high confidence in those assays so have moved on. That is my speculation.

Re trading,

There are many ways of playing it and you can get caught on the wrong side of the trade. I always keep a position in a stock I like. So buying and selling a percentage means I can catch any downside but still have exposure to any upside. Sometimes I may even buy and sell same day if it looks I timed it wrong. I only pay £3.99 a trade and watch the spreads.

As I have posted before I have had a very good handle on the corporate structure here since investing, Knowing when warrants/options mature can, not always, but can help.

Re PUR I managed to turn what could have been around a £15k loss into a £3k loss. Trust me that feels like a win after getting that one all wrong!!

PUR is now looking oversold on technicals and just one more punt there could yield evens. But I have been there before and have concerns re the December conversions and in any event I am now pretty much fully invested with only a small amount of cover until I close some positions next week. So if it bounces now one has to accept you can’t do them all!

Appreciate BTC’s ‘all in or all out’ approach or those that buy, hold and hug for gold. I do a bit of both. TXP I have just bought and held. SNG has been the share that just keeps giving. Nice when you get one of those!

Here I think the company has been just unlucky. Very unlucky and it’s consequently been a case of damage limitation for many investors. But I wouldn’t ever want to be all out. Bad luck comes to an end if you keep doing the right things.

Those different investment views, a collective of imperfections, are what feeds in to make the market what it is.

Point taken I won’t bother posting the trades anymore. Even though I like to be challenged. Like you allude to there is clearly a hug and hold majority view here which is also fine.

Good luck with your investments.

Trek

Hi O&W,

Re PUR, check my last posts over there. The BoD are useless, narrow vein, excessive delivery problems, performance issues etc... when they hit the 8 zone it may improve but atm they are woefully short on ounces.

This may help

https://seekingalpha.com/article/4469912-pure-gold-mining-another-disappointing-quarter-in-q3

They have 1.9m warrants coming into play on the 21st Dec. If I was to buy it would be a trade. It must be near the bottom now. Catch the bounce and out but TBH I think you are better off adding here and waiting for the MRE.

Usual caveats

Trek

Jackie,

“100k buys in red”

I can assure you pretty much odds on they are sells.

Don’t forget the volume in the 7’s will mean a profitable exit over 11p.

I just posted on LND about the red/blue ALGO here, not a plug. Just CBA’d to repeat.

I hope it helps.

Usual caveats

Trek

Descent = moving downwards. Lol!
Decent = an acceptable standard, satisfactory.

Why is my iPad so confused lol!

Anyways I said I was done but the last drop proved irresistible. Went on a limb selling at 1.41 and have bought back most today at 1.2 and decimals!

£3k down but any bounce will recover that. Had I sat on my hands, well my average was over 3p so that would have been a significant challenge now.

Peeps quote Warren, time in the market not time the market, fear and patience and all that stuff. They forget to mention he wouldn’t touch most AIM shares with a barge pole!

So why did they leave Creswick? Some folk don’t align with the how it is posts. That’s fine. But imo ‘that is the question’.

Good luck with your investments

Trek

Trade the 2.15 BTC. You’d be amazed at how you can get your average down and still have a descent position!

Usual caveats

Trek

I had a brief look at RMM. Was a plug on WSBN bb.

I noted their Labrador copper grades. Very impressive. Will look on the map, but as always nearness doesn’t always = similarity but I did have a quick compare of their corporate structure to CHF. CHF is imo far superior on debt, seed investors, shares in issue bla bla. Obviously it’s the drill that does the talking but corporate structure is a key element imo.

https://www.lse.co.uk/rns/RMM/rambler-continues-to-intersect-high-grade-copper-cv7vyhpvmso4zdb.html

Usual caveats

Trek

Just to add to that AM...

Any spread of over an arbitrary 3% is pretty useless for gauging buys and sells. The LSE algorithm used on this page only gauges a buy or sell according to if the trade was above or below the mid point at the time it ran.

So here are some facts.

# The published trades here can be 15mins late.
# If the spread is wide, there is no way of knowing what side of the mid point the trade was. Can be same for tight spread but vol helps!
# If a sp falls quickly, say bad RNS, sells will look like buys as by the time the algorithm runs it puts a sell above the mid point and shows it as a buy.
# If a sp rises quickly, say good RNS, a buy will look like a sell as by the time the algorithm runs it will be below the mid point so the buy looks like a sell.

# Furthermore it there is a wide spread you may find some MM’s are so far apart from the mid point so how do you know if it’s a buy or sell.?

# If you use interactive investor you may get a prompt like, ‘we have improved your order by £162’ so your buy may look like a sell when published as there was one MM with a better book.

# or the stock may be illiquid and there is only 1 MM with the min so they push the spread out, I have seen +40% spreads on AIM, to deter trades. Look at AIQ for example. It was 100% spread! Volume and liquidity are key to gauging value so be careful with illiquid stocks.

If you understand the ALGO limitations then the buy/sell is pretty accurate during ‘normal’ conditions.

I hope that explains some of the myths. But what difference does it make.

For every buy there is at some point a sell, why do you think the London Stock Exchange don't say buy or sell. It’s just a trade to them. It’s the aggressors price that is published. I.e the trade instigator. The simplest way to gauge the buy/sell demand is the SP trajectory, the volume, and the chart candles. So if sp is going up then overall they are being bought. The shares are overall in demand.

There is more to this. I posted some info on GLO about MM schemes. But I think the that covers the gist.

Usual caveats

Trek

UR,

Thank you for such a comprehensive explanation.

Here I think we have violent agreement...

“Now then, and THIS is my key argument, Bill has repeatedly stated that of the companies currently with data access (thereby already doing their dd) under nda’s, more than one have impressed upon Bill the importance of not just resource , but of indication of REAL potential”

Thanks for adding more ‘colour’ to the MRE. It really gives one more confidence.

Good luck with your investments

Trek

Hi Glen,

Hemo is main market listed hence tax.

https://www.londonstockexchange.com/stock/HEMO/hemogenyx-pharmaceuticals-plc/company-page

Nice whisky btw!

Trek

Ricardo,

Lol! That made me laugh as well. You obviously did some good research unless you were trading then what an opportunity! I am calling the bottom there more than a lifelong hold.

Anyways it’s nearly beer o’clock. Work is done for today. £400 to spend lol! Too late Mrs Trek has grabbed it!

Looking forward to the drill start next week.

Thanks for the tip TanGiro, I may have a look the weekend and if so give it a Glo! Lol!

Always remember happiness and health is the most important.

Best to all.

Trek

Lol Silver,

All part of a bigger plan. I have built a position here from profits in biotechs, O&G and some goldies. Don’t get em all right but when I do I have been tipping a little into GLO over time.

I am not concerned about debt here it is structured and well covered. The company even had enough cash to do a buy back earlier in the year.. I think O&W, who I believe was a fund manager has covered it well in his last post and he will have a better grasp of it than me.

I can’t believe the opportunity to add at these SP levels. I have had orders from 184 to 180 filled recently which has now got my average down and more importantly income up.

You can see the trades sat on the bid on the company website. There have been a few at 180 earlier today which took the SP down. Most have cleared now.

https://www.contourglobal.com/share-price-tools

The year low is around 175 and the covid low is 144. Should those prices come around again then I will be a buyer but for now I am maxed here.

I think our low carbon energy pf would be attractive to any major looking to add renewables but the major investor will put any bids off but never say never!

I note we now have a CDP climate change score of D. Which is declared. I wouldn’t be surprised to see that improve now that they have submitted. It’s more an engagement index. Even RDSB have a B score! But it does make investment here more widely inclusive.

Good luck with your investments

Trek

I don’t think the link is directly ECR. I think it’s from outside that led him here. Another company.

SP is looking very week after huge 6% declaration. The last RNS’s have imo been interpreted as a bit rampy in parts by the markets. Mr Markets wants those grades.

Creswick is now looking more and more like a binary event.

We have all the intimations for HR3 and they are now hitting it with both drills. One can read it as desperation or surety but imo the question really is why have they moved from Creswick.

I very much doubt it’s because they found sod all! The Arsenic and Antimony are good pathfinders for the pXRF and you really can’t mistake a nugget for pyrite so no worries there.

I guess we’ll find out soon enough!

But as for Colin my money is on the link is from outside not in!

Usual caveats

Trek

Hi Paul,

You are in at a great price imo at the low part of its trading range.

Not advice but I take divi in cash and buy the stock by placing orders. That way I think you get a better price than just letting the MM deal.

Appreciate it can be expensive in trades (I pay £3.99) but you could add the divi cash to your periodic £5k and then try for a better price.

The SP rises ahead of the divi but seems to tail off a couple of weeks after rather than on the x divi date.

Anyways just a thought. You can work it out from the charts but if you are buying for a long term hold it is probably insignificant.

Good luck with your investments

Trek

Lol Burleigh if I was going to really plug it I would have provided some OT data. It was the only chart that came to mind where the rise and fall could easily be seen and a possible handle now forming. Hemo is too risky, waiting for news that may not come. Hence plan is to average in and average out. Perhaps have a look at LND on the 6 month and you can see what I mean regarding a bounce.

MANLSE, if you plan on retiring check out GLO. I have a large part of my pension in there. It’s a solid divi payer at 6.7%, quarterly. A non UK energy provider across 20 countries so great diversity and was unaffected by last covid wave. Also energy price hikes are not yet in the SP.

The divi increases 10% yoy. It benefits from stronger USD which looks set for a while with tapering and rate hikes on the agenda. It had a $13m fx $ € tailwind at interims. The divi hike will take care of inflation. It has been EBITDA positive with plenty of cash even after offsetting acquisitions. It have great debt with lock in terms so won’t suffer if rates rise. It’s a FTSE250 stock and relatively under researched as not listed that long.

The quarterly divi is imo the best of all the listed stocks at 1.9x cover. I say that having researched them all! The corporate structure is sound with a good BoD. Downside is a majority shareholder with +70% and the stock can be illiquid for its mcap. Inflation can also impact supply side like any business but increased costs will be passed on.

There now that’s a plug! Lol!

Usual caveats

Trek

I just grabbed 20k at 10.45. There are only 10k left to buy. I didn’t grab them as it would have been untidy, lol! Anyways once that last 10k has gone it’s NT all day!

Usual caveats

Trek

I just added another 20k at 11.25. You can now buy in 100k’s again as books open. Keeping some powder dry as loaded here.

Trek

“No news, back to bed.”

I kinda think I am glad there hasn’t been an RNS this morning...

Zzzzz Zzzzzzz Zzzzzz

Trek

To illustrate you will see 3 x 10k share buys here show up in a few minutes. They are mine. The MM wouldn’t allow any higher buys so I broke down to 10k and took what was there. Now all buys, I tried to grab more are NT (I pay £3.99 a trade).

I will try and grab some more later as I expect a good close today and a good week next week. Buying below 14p here is a ‘no brainer’ imo and selling a few at 14p to let the rest rides could be a smart move or a silly give away! Only time will tell!

Usual caveats

Trek

Hi manlse,

I posted some links on GLO yesterday about liquidity schemes. That’s a FTSE250 stock which has horrendous liquidity issues due to a +70% single investor. The schemes are Mifid2 compliant and use small trades including ALGO trading to range prices that’s even on SETS. With SETSqx you get more manual intervention due to the lower mcap and often lower volumes.

Some folk may not know but MM can even hedge (short or long) their own stock! It truly is a nightmare!

Full value is seldom achieved on AIM unless it’s a bid. As a rule of thumb stocks go lower than you expect and some even go higher than you’d think. I am building a position in HEMO atm. Not a plug but look at that chart to illustrate what I mean.

Check out the links on GLO.

Good luck with your investments

Trek