Member Info for TrekMadone

There hasn’t been much liquidity today to sell into. I tried dummy sells for the last couple hours. Then I could sell 200k but at 1.55!

I figured the MM must have had a sell so I then bought 200k and got them a tad over 1.60. It’ll show in a moment.

Still getting my average down but it is easier if you don’t mind holding the stock and one keeps a core holding.

I was wondering if they may move the contractors to Bailieston and do the RC infill. We can swap and carry on with the DD at Creswick, if the assays are good. At least until our rig arrives.

So many permutations here. I don’t mind a bit of silence as we can see things are happening on the ground.

Trek

“Longboat Energy
LBE announce that the Rødhette exploration well is a discovery but ‘at the lower end of pre-drill expectations’. The exploration well 7122/6-3 S encountered a 29-metre hydrocarbon column in the primary target in the Middle Jurassic Stø Formation. The top of the reservoir was reached close to prognosis containing high net-to-gross, moderate to good quality sandstone. Data acquisition indicates a gas column of approximately 18 metres in the well over an oil rim.

Longboat is also pleased to announce the spud of the Mugnetind exploration well (Company 20%) with the Maersk Integrator jack-up rig. The Mugnetind prospect, operated by AkerBP, is estimated to contain gross mean prospective resources of 24 mmboe with further potential upside estimated at 47 mmboe (gross). The chance of success associated with the Mugnetind prospect is 51% with the key risks being reservoir presence/quality. The well is expected to take approximately five-to-seven weeks to drill with an estimated net cost to Longboat of c.$7 million (c.$1.5 million post tax).

Helge Hammer, Chief Executive of Longboat, commented:

“We are pleased to have made a hydrocarbon discovery with our first exploration well following our transformative acquisitions made this summer. We look forward to working together with the operator to use the data collected to assess the development potential for Rødhette alongside existing discoveries and further exploration potential in the area.

“We are in a very busy period of drilling with Egyptian Vulture and Mugnetind exploration wells now both underway with the potential to create significant shareholder value.”

Knocking some 10% off the shares as a result of this seems a bit harsh and with so much upcoming work I am convinced that this fall is an opportunity to buy the dip before good news comes along. This management is amongst the best in the sector with a tried and tested model in a previous life and I would certainly back them at this level. ”

https://www.malcysblog.com/2021/10/oil-price-orcadian-longboat-getech-uog-and-finally/

Trek

Selling can be unrelated to the Co. It can be as simple as their analyst recommending a different position being taken based on the house macro outlook. Like interest rate rises. So they go underweight on some smaller mcap positions and buy more banks or bonds.

We just get caught in the crossfire. I remember Miton selling VRS a couple years ago. No one could understand why as then there had been nothing but good news. PI’s like myself bought against the seller and when they cleared the stock went from 16p through 100p & up to 160p.

It later came crashing down for other reasons but most investors had derisked by then.

The point is buying against a seller can be a very lucrative move if you are patient.

SAVE is another recent example from 7p. The MM had to reduce the stock price to a level that buyers would appear. So it went from 30’s to single figures to clear stock.

A similar pattern has happened here. SP dropped to make it worth someone picking up millions of shares.

You really are getting cheap shares now until the market re-adjusts over time. If you can, and have DYOR’d fill yer boots!

Usual caveats

Trek

Looks like this is waiting for TSX to open tomorrow (thanksgiving today) before any move. I guess MM’s here have enough stock

Trek

Lol,!

OO was a great result. 6p average then all out in tranches from 28p-26p! It’ll come good but best is behind it now.

Trek

“Hello Trek, £3.99 per trade? Which broker do you use if you don't mind me asking? Thank you.”

Interactive investor super trader account. £9.99 pm which is credited back as trades then £3.99 a trade. I do about 6-12 trades a week so it costs in.

Trek

PICSL buying again TR1.

Wouldn’t be surprised if it’s now a strategic investment to secure energy supplies. That may account for the sudden change of tact.

Trek

Well it’s nice to dream on a blue day. For £1m I need £6.73 or 5.6 bags from £1.20.

I expect a few here may nearly be there already!

Trek

Agree Sprott pushes his own agenda. I am buying here on potential upside based on fundamentals. I can present a narrative for POG to go either way but longer term based on history it’s up.

Added a few more here at the bell! Lol!

Anyone notice the similarities between PUR sp and SGZ, another resuscitation!

Both started at 120 a year ago. SGZ had ops and cash problems then tanked and were pumped back to 90 before more bad news landed! We were similarly pumped to 70p before the recent placing.

Both hit a low of around 49p!

SGZ seem to had got their act together now during its orphan period and are flying 86p today!

I am expecting the same to happen here.

Both have moved up on Financials & Ops. Not POG.

Obviously POG will have an impact but not just yet. The SP has some recovering to do before our reflexes align with gold.

Anyways, no such a thing as a sure bet but if one could buy and sell in volume here I would put more in but as it is liquidity is always an issue.

I don’t think there will be much resistance at 60p because the places would probable use the 60p funding to get the average down of the much higher placings. Hence this has gotta be a bargain probably even to 75p. That’s a 50% gain for the cheeky 50 pence buyers!

Good luck with your investments,

Usual caveats

Trek

We are going to need to burn coal again so folk can recharge their electric cars!

Confused smiley!

Trek

Quite a muted RNS for Rødhette. For sure the energy prices will influence the operators decision but I doubt they will spend money on testing it just yet. They will use the data to better understand the area but Rødhette will likely sit on the shelf for some time.

1 down 6 to go!

Usual caveats

Trek

It doesn’t help that these have different title headings to previous returns!

The Blocklisting RNS’s do not always appear on this LSE site. You have to go to the London Stock Exchange site to check! another LSE ffs!

1. 30/7/18 scheme ....This has now expired. £38392.86 was raised prior to expiration and post the 11th Feb 2021 Blocklisting RNS.

2. 20/4/20 scheme.... NOTE this scheme expires 20/4/22. £65000 was raised and 32190748 wars are outstanding. These were from 6/4/20 placing RNS. It was the big one 100m shares at 0.5p each with 1p war. We are nearly there now!

3. 30/7/20 scheme.... NOTE this scheme expires 30/7/22. £116851.79 was raised and 11200000 wars are outstanding. These are from the 30/7/20 placing RNS. 46153846 shares at 1.3p with a 1 x war at 2.1p.

4. 11/7/18 OPTIONS scheme... NOTE this opt scheme has no expiration date. £31500 was raised and 11200000 opts are outstanding. These are from the 11/7/2018 placing RNS. Lots of info in RNS NOTE the other wars and expenses (SI capital) expire after 2 years and have 5p/5 day VWAP accelerator terms.

Summary from 8/10/21 RNS...

Wars + Ops not issued 80590748.
Cash raised in period from conversions. £251744.66

My caveats.

A blocklisting is basically an administrative summarily best estimate to save lots of RNS’s! It’s not 100%!

This RNS has missed out the following schemes!!

27/2/17 RNS, £0.01725 scheme. Expires 24/2/22. 8153968 OPTIONS outstanding!

06/06/17 RNS, £0.05 scheme. Expires 16/6/22. 27678195 WARRANTS outstanding!

09/04/21 RNS, £0.0375 scheme. Expires 09/04/23. 45454545 WARRANTS outstanding.

Hope all makes sense as been on some nice red! Hic! Anyways, now you should be able to spot the obvious trading opportunities!! Lol!

Usual caveats!

Trek

Just to share here’s my question...

Obviously it’s a leading question so one can ascertain how long funds will last....

“Hi David,

The 16th April 2021 RNS spelt out how our £10m funds would be appropriated.

· Appraisal well drilling: £2.4 million
· Enhanced well completion: £0.5 million
· 3D seismic’s £3.8 million
· Feasibility Studies and licence fees: £1.2 million
· Contingency & working capital £2.1 million

The term ‘phase 2’ has now been coined as you have had to be operationally dynamic in responding to the TAI drill.

Can you now explain how the £10m will be used as I assume we are still in the exploration phase.

Thank you

Trek

£5”

Yeah, she’s off! Bouncing on TSX now. Up 9%/ 57.72p!

I topped up at the bell this morning, the first unknown 10k buy is mine. I realised the MM hadn’t moved the price up to 53p, equivalent to TSX close, so grabbed a few then another 5k.

Should move to 60p pretty soon and then if news is good well who knows. They must have had a story to tell to raise all that cash!

Hi Cheated,

You don’t have to love a stock to make money. I have traded down here with goodness knows how many trades. I even went all out and back in twice. I don’t need much now to get my money back and I started around 130p from memory.

As they say, don’t cut your nose to spite your face. This is about as cheap as it will get and 100p near term if POG holds is not an unrealistic target. That’s a pretty good return!

Good luck with your investments

Usual caveats

Trek

Ooooops!

Nothing changed there if they get the basin to produce!

Trek

£5

Re the bottom. I agree with sash.

Worse case is 2 x cash which is not uncommon on AIM but there is a heck of a lot of value in what the have achieved so far. Don’t forget there is a helium system in place.

The right news will be used by the MM to gap up significantly to stop peeps averaging in.

If you are looking to buy in then I would set yourself a cash target that you are happy to risk on a 100% loss basis. Divide it by 4 and buy with a sp beginning with a 7 and then an 8 and cover your buy by holding 50% back that’s for a 6 or chuck the rest in if looks to break out of range I.e + 9p on the right news.

I find averaging in or out works best.

I just finished trading ECR down from +3p to now 1.84p that was using the same shares so I now hold the same number of shares at a much lower average. It’s what many on aim do and why it’s so flipping volatile!

Usual caveats

Trek

I put the rest of my trading pot back in here today. My first buy was 1.6475 it’s now 1.674 to buy. Looks like as soon as theres a buy a sell comes in on the new bid so google is up and down like a saw tooth!

Anyways I was hoping for a buy beginning 1.5 but couldn’t chance being the wrong side of any news next week!

Well ‘Trader Trek’ Lol! Average is now a stonking 1.84! Happy days and flipping hard work!

I also grabbed some more PUR, comes with a health warning as BoD are useless but asset is amazing! I reckon it’s bottomed and the MM was asleep and left the book open which was way below TSX’s close last night! Lol! Sometimes you do get lucky. My buys there are just in the money now.

I am surprised POG isn’t moving north on the back of inflation speak. It seems that the talk of tightening and the US 10 years at 1.6 is propping the dollar still and drawing money from PM’s and equities.

It’s an odd one but like CB says the real discount is in how cheaply they get it to market (AISC). That is gonna be a major attraction with Bailieston given Forstervile’s industry leading low AISC.

This is still my fav junior goldie especially at 1.84! and PXC for multi metals Cu/Zn/Pb/Au/Ag/Co + Moly of course!

Good luck with your investments

Usual caveats

Trek

O/T,

Hi LP,

I posted on He1 as I see it. Well you get that anyway!

Good luck with your investments

Trek

Some bits about the campaign I don’t mind. We all took a calculated risk with 2D’s and the mineral drill, it didn’t go our way! Losing the drill string in the Karoo and going back for more as I posted was not my preferred option! But it was in the public domain. Investors could hold, buy or sell on known data. Even the flamboyance was not an issue!

Re-appropriation of £10m of funds with a ‘Boris’ turn of phraseology from phase 1 to phase 2 having completed phase 1 when the market didn’t even know we were in phase 1 let alone define phase 2 was inexcusable!!

Investors are not stupid! That needed clarity & numbers!

The SP is returning to its first base trading range and will eventually take into account new data, knowledge, the cash & add in a slightly lower risk.

So as an investor/potential investor it’s an easier investment now than it was before; + you haven’t got the hype & the runaway SP!

Once bitten & all that! But...that’s where imo some folk may miss a trick!

When it’s gone quiet is the time to re-evaluate. But if tempted do average in gradually. That’s what I did originally.

DM has learnt a lot. He knows the £10m has to count. If not it’s a fractions of a pence SP & bye bye bonus!

From an operational pov you can buy a water rig for £30k or whatever & then grab a Helium show! Yep! How do you know about pressures, reservoir size, commerciality etc. Imo you won’t!

Best you get is a proof that this ‘clay umbrella’ holds helium gas and therefore there are chances of bigger ‘umbrellas’ trapping helium deeper down. Imo that will be great but really SP wise it’s just a minimal lift, which is needed.... but....

Get proper drill into Tai and...

Trek

£5

Hi Lazy,

I still post there. Not much ado yet. Trying to post less now as well! Lol!

I sold 550k shares at over 24p after they lost the drill string. I also posted my concerns about phase 2 finance and change of tact.

Anyways I was lucky as I needed money for family and most of it was in He1! Still got some though at 8p. Enough to make a difference! And I am longer term very bullish!

Back to here. I had to sell some other income to BTFD in TGA today!

Like I said it’s another ‘bear trap’. It will be obvious once the chart matures. Same as the +350 to 299 dip. You can see it clearly now!

Good luck with your investments

Trek