Member Info for TrekMadone

This one has been in my watchlist since the last covid ‘vertical rise’ and subsequent fall. I hold ONC, their CEO mentioned Cart earlier which I thought was interesting.

The SP has now reached pretty silly lows imo so I have picked a few up. No I am not an expert trader it’s just that sometimes you happen to have the cash at the same time as a bottom appears!

I thought I had missed the best timing wise when it went through 2p. Can’t believe I have been lucky to get in now. Will be selling some more blue chips to add here tomorrow.

Well I hope I have been lucky with the timing. Time will tell!

Trek

‘...fundamental core of shareholders now holding on tightly ahead of results”

I know this is a bot but I do like the ‘ticker tape’ holdings pictorial. I didn’t realise insti’s and I include hedgies with that were so prevalent.....

https://finance.yahoo.com/news/type-shareholders-own-most-number-094819369.html?guccounter=1

Trek

See this going private now there is possibly another wave in its way. The business is on its knees. Key staff moving to Wepin, salary cuts and only one contract of late. Here’s a thing you won’t land contracts unless you have cash. Folk do dd before signing contracts,

I have been watching this one since before the review as there is a huge future for DeFi but I am afraid to say unlikely it’s here. If they had raised by now I may have had a punt.

As it is they are on fumes the trading spread is awful with only around 15000 shares available on the book so if it went the proverbial there is no liquidity to sell into.

Stay away for now imo!

Usual caveats

‘Best’

Trek

Hi UR,

I don’t think it matters much in what order results arrive. The next drill is probably more important than the MRE in terms of value add for a bid.

Any buyer would likely do their own DD. The MRE is just putting all the knowns in one basket. It will still give ranges of upside, hence ’Estimate’. IMO another set of decent results will add to the ‘proof of ounces’ the market is looking for.

It’s the grades, depth and width. Together with Canada, access etc what we already know that builds the valuation.

But from here another decent drill is what excites me and will get folk around the table.

Usual caveats

Trek

“Wishbone Gold shares are currently trading at 10.35p, giving a 1-year return of 8.95% and -36.3% YTD. Set against the second quarter excitement, when Wishbone shares almost doubled in value in one month to reach 19.00p, it is a reminder that investing in junior miners is a risky business. And even with all the fundamentals in place, including a sustained increase in global inflation, investors will likely continue to wait for positive results from the drilling programme, when it duly starts.”

Full article

https://www.thearmchairtrader.com/wishbone-gold-share-price-drilling-program/

Trek

Hi OaW,

IMO Wednesdays freak drop was a stop take out. I had an order sat to buy 5000 shares at 180.4 and it to my surprise got filled at 179 and a bit. I often run dummy trades here as I now have a significant position. On Tuesday for a large part of the day I couldn’t even buy 100 shares and the EMS is 5000! But I could sell 30k in one go in a falling market. This is a regular occurrence here. I set the buy opportunistically as I was away with no internet Wednesday. Lol!

There are lots of small buys/sells here which are not divi reinvestment. They are very likely liquidity trades from the market maker to control the price else there probably wouldn’t be much selling and the SP could look silly. See bottom for references.

The liquidity issues are because Reservoir Capital kept 73% at the IPO. If you then tot up the other major holders and factor a few % for PI divi holders there probably isn’t much stock to trade.

https://www.marketscreener.com/quote/stock/CONTOURGLOBAL-PLC-38649308/company/

You asked about divi cover. Check out slides 15-19. Pretty impressive!

https://www.contourglobal.com/sites/default/files/2021-08/h1_2021_results_presentation.pdf

Also adjusted EBITDA will increase significantly driven by thermal on the back of higher energy prices. This imo is either overlooked by the market or more likely they can’t get stock!

Info....Marker Maker Schemes.

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...This is what the record the scheme on.

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

Usual caveats

Trek

The admission doc will contain funding info, how many shares etc..

I expect it will come with an investor call to add some ‘passion’ to the detail.

If the asset is worth more than the shares after the usual market discount then the SP will reflect that. Questions abound around how good the finance deal is and what discount the market will attribute. But I think posters here know that and even after those considerations expect a SP well north of 20p. Else AK wouldn’t have bothered. He has a few shares you know.

I don't see those views as rampy more opinion based on the known unknowns.

Usual caveats,

Trek

Like you Mr.B, I haven’t decided yet either! Lol!

Trek

Esol,

True, it is how the AIM market tends to work. Look at ARB for example.

I no longer hold but was in with a 4.3p average. For years the SP defied all logic based on hard evidence. Cash flow and growth. I used to sign off there with £1 as that was what I calculated fair value.

The SP rocked between 3p and 8p ish for 2 years. Shaking holders and generating investor fatigue so folk sold stock then boom!

Over a few sessions the SP went nuts. If you were on holiday you would have missed it!

If you were on the sidelines you would probable have sat thinking it won’t go higher!

Then it did and you would buy and the Mm would take it lower! Then higher!

Wild swings!

There are other similar rides. Thaf have similar patterns like TXP.

Then others that spike and drop and can lock you in. Like HEMO. It can then take an age for them to go again. You need to trade out there and wait. That lock in fear adds to the volatility!

Imo where we are now with SNG is the first trading was 30-200p before the placing

Then the last drop to 100p and back to 180 but that one was more difficult.

Now imo is taking positions. I expect a huge run over a coming period.

An ‘it won’t go higher type run and it does’, like arb/Txp ahead of read out.

That imo will be the time to take out any money one doesn’t want to risk.

Traders will know this is going to have a typical ‘pre drill’ type run. That will fuel it like it did at HE1.

It will be for each individual to decide what to do but for sure a run is coming and the market knows it!!

Positions are being taken!

Usual caveats

Trek

Moderns ceo

Business live
Markets fall as Moderna chief predicts existing Covid vaccines will struggle with Omicron – business live

https://ablink.editorial.theguardian.com/ss/c/TBl-lE0k4WbTlFRn6v-lQXxTpTslqnvUsR2ofAkC00uJE1HAijHEQuPK1cQrPsFhH6Ves_AKy_nd1ZMnMbVGBcaKSh49pz2Gi-Q7vwA0nTiucHZUC11IZbWtiOkCL8SnFZfhqz3VdczZIcb8X3OwwAocMbiqqlCM6d7Qw26xZSM6-HH9E0SkJd2fT-cR1J4WUYkaWL5_CcJp1pofGPFR2KQ1oEZ55A-2OM3VAugSfCMdy689rmqMgUSXzoC8MY__M9sdClo8k70zQpMaNhKiXSGwIMaW_bwdlF7cEaTOJ3Xn385TnAaVqDceMoDMSXgOPEi3GFImLwyLC_z3Mht2glHUt-yfJ6GRE1L5bPCCU1Y/3hg/D7RB-bk-TYSAsX50sIVFpQ/h41/jRsQvWvAmSZUNBKe-mdjqJgSsGRsrugHMVJtptSjjKk

Trek

Lol Tom!

I already posted my exit there. Unlike some posters, I don’t profess to win em all but had a nice bounce on some today! ONC, GDR and SNG doing well. Will be out of GDR by close and into HEMO. That’ll bounce soon. Loving the vix!

Trek

“ps how about a flight to safety into gold stocks AND Landore being part of that”

I hold a decent number here. But for clarity the flight for safety no longer holds true. Whilst some havens may be safer than others, like cash, gold, crypto, oil, art or whatever. They are not safe in a pandemic!

You only have to look at the charts. Compare the asset against the financial crash and the pandemic. All are down!

An ostensible 4% pa erosion of cash may just be as good as it gets if the next variant takes a hold!

The trick is to balance a pf with a timely change in direction from one asset to another to protect one’s capital and be in the right place to catch the upside.

That’s why I haven’t sold here as it’s unique but I have offloaded elsewhere including other gold stocks.

Don’t you just love the challenge of a falling market!

Or is it just me, licking lips emoji!

Usual caveats,

Trek

Any BB that lacks objectivity and comment long or short but based on data is a waste of time.

Becoming like so many others, a waste of time here!

Trek

Wow finished up today! Just lol!

Mr market doesn’t quite know what box to put us in. Energy producer or utilities/infrastructure. Both!

We are sooooo boringly predictable. Steady income, steady divi, diverse investment.

And I grabbed some at 182!

Anyone looking in and want to know the progress we are making have a read of the last 3 summary comments on the HL site in the company news box for 6 August, 25 October and 24 November...

https://www.hl.co.uk/shares/shares-search-results/c/contourglobal-plc-ord-1p

It pretty much summarise the operational momentum which has not been reflected in the SP!

Buy the dips here and tuck away imo!

Usual caveats

Trek

Cannot believe we are not into 200’s today. Obviously someone is selling to keep price down.

I increased my position by 50% here today having dumped so much FTSE stock as I think it has much further to fall when US opens on a full day.

Didn’t have cash before to add here so grabbed the opportunity!

Trek

Hi OaW,

No, and no forms to fill out. I had around £800 for the last divi in GBP paid into my ISA.

I know where you are but I don’t know why some shares are different. This pays cash like VOD, GSK, RDSB etc all hassle free.

Trek

I grabbed a few at 160p. Rude not to.

ONC have a part to play in the govt covid recovery via lighthouse labs. Covid stocks on a bounce against the market today, ONC down. Whilst it’s only a small part of our work it’s funded by UK plc.

Other news to come as we know from the interims.

Usual caveats

Trek

Lol Blu!

Good to have a BB where posters write it as they see it rather than the endless ramps that help nobody!

I have a decent position here and having sold elsewhere today am waiting for the US to probably take the markets lower before adding here.

PXC have a good plan and next year could be quite spectacular especially from these SP levels. Few shares, cash, historic production just need some good results and then imo the rest will feature in the price!

Usual caveats

Trek

Hi OaW,

Divi is covered 1.9x by earnings and is quarterly. See 6th August RNS...

“Second quarter dividend of 4.465 cents per share, equivalent to 3.203 pence per share[3], to be paid on 10 September 2021, reflecting our commitment to a 10% year-on-year growing dividend supported by our strong and visible cash flows. Dividend cover remains strong at 1.9x[4]”

Divi is in USD so getting FX tailwind atm.

I picked up 20k shares this morning over several trades got some at 182 and a bit so got my average down nicely and a much needed income top up!

MM now put spread out to 186/182. At times I couldn’t by 5k shares in one hit but could sell 30k!

I am done here buying for now. I sliced a load of stuff this morning in case the market goes lower. I only bought SNG and GLO.

If GLO hits all time low of sub 150 I will double down else I am happy to just take the divi off 50k shares which has been my target. Remember in their trading update ops were unaffected by covid. For sure next time may be different hence it makes sense to have cash and diversity. GLO gives energy mix and country mix diversity + a 10% yoy divi increase.

You normally have to search through ETF’s and Trust for such cover.

Imo this is held in a tight trading range because it lacks liquidity due to the majority investor. Ops, cash, gearing is fine. Growth is measured.

Usual caveats

Trek

No doubt the market will read the results as poor. Nothing over 1m! No real high grades! They are tracking the anticline. The next two holes that are due should have much better results. The old mine workings are there for a reason!

Not many companies on Aim can release two sets of ‘average results’ and then keep on drilling. They would have to book a drill and probably raise money.

We don’t. That’s what makes ECR so unique!

Now track that arsenic and antimony and don’t try and sell us antimony just find the gold!

Also a status quo update which is reassuring. I don’t think they will have a problem finding the right person. I still think they need a CEO and CFO. We’ll see.

Rod seems to be quite. I hope he is on the team still.

Anyway so jury will be out for next two hole imo. 80m pd is excellent! Let’s hope the excitement pays off!

Usual caveats

Trek