Member Info for TrekMadone

JSmith23 there’s always a raise it’s one of the primary reasons these companies list, access to capital. The question is when, what for and is it accretive.

Legal, I think the infill RC drilling will be the game shift. Question is how long to get the rig delivered and commissioned. These diamond drills are targeting the seams. RC will be v quick once it gets going.

If we then bombard the market with decent assays the sp will follow. Rule of thumb is average 2gpt over 100m and we’re good to go especially as shallow.

Usual caveats

Trek

Next big thing is probably AI.

I looked at ITM and love what they are doing with hydrogen but didn’t like their balance sheet.

Recently rode the blockchain, graphene and lithium. Bit of AI next then quantum computing.

Next thing here is the infill seismics. Expected an RNS this week as time is running out before November rain (gosh two great songs!)

Hoping for an update next week,

Trek

£5

Yes that’s my point £1.7m (3.75p) + some scrag ends +£1.3m Shen.

That would significantly push back a fund raise. I have posted warrant details and all RNS dates before.

Craig is well aware that that is the lowest path of finance resistance. He will be aiming to get the SP through the triggers.

Trek

All we need to do is get the SP through 5p quickly then convince Shen to convert their 27678195 warrants at 5p by 16-jun-22. That’s worth £1383909.75 to us on top of the £1.7m!

Pretty sure that’s what Craig is teeing us up for!

You are more likely to spend £3m on conversions based on more than just a few assay results. If the operation looks like a mine and the SP is further north the money will follow.

The SP can move very quickly on some good results and more so with land and own drills!

Just gotta be patient.

Trek

“This looks like a very decent well despite the lower porosity, which incidentally is like other wells in the programme and not markedly different to when Shell was producing. The pay was nearly double the expectations and the whole Ortoire area looks fit for further drilling and has so far more than matched expectations. I don’t normally quote more than one company executive but I think that COO James Shipka provides really important data here as the company look to identify the second exploration phase.

Readers know that I am a big fan of Touchstone whose value is way above the current price even after today’s run up....”

Rest is lifted from RNS

Trek

Ha I am heavily invested in SAVE, currently suspended due to a huge RTO!

My average is around 8p, that wait to come out of suspension can be such a pain when it likely opens over 45p! Lol!

Trek

Monkey the only way to get a price is to try and run dummy trades.

Even google is out….

https://www.google.com/finance/quote/TXP:LON

MM’s are trying to keep price down to force sellers, deter buys and collect stock.

I can sell 100k shares but can’t buy on ii.

Trek

Nope nor Scott22,

Couple of rampers! Lol!

Did I ever mention that TXP is my YOLO stock. 100% of my ISA, I sold everything else and BTFD here! Amazing!

Not totally wreckless though as Mrs Trek has the rest and I am trying to catch her!

What a day and much much more to come - derisked!

Good luck with your investments!

Trek

I topped up at 102 from memory about 6 months ago. I thought that was cheap then. Look at what has happened since!

You gotta give it to the MM they are holding this down as best they can probably trying to help their mates get in.

Now their is no stock other than an NT pool.

Thing is there are a lot of smart PI’s around that can spot a bargain and have time to wait for the SP to reach its potential. Just look at what happened over at TGA pretty much all PI’s buying up the stock! Now 300% up!

The pressure will build up here and it will give. Then they only way is up as they will have to rise the price to tempt sellers and generate liquidity. It’s how it works. Of course the opposite is also true but not here at this juncture!

Malcy will be running a blog soon. That’ll send over a few of his sycophants that need a steer..

Usual caveats

Trek

There are always ways to delay but defo you wouldn’t delay if it was bad. One may use ‘early interpretations’ prior to market release as reasons to be optimistic during parallel discussions.

I mean what do peeps expect. Just look at general corporate behaviours a little wink is nothing in the scheme of things. Lehman, Enron, Libor etc etc

This delay is more likely leading to exceptional news than bad news imo.

Trek

November, gosh October! Hoping for much more in November lol!

Trek

Irrespective of the signs this is imo due a decent run ahead of read out. Earlier in September was a false start. I think November could see 175 form a decent floor at last!

I also picked up a few here today. Will add rest after financial interims

Trek

What a difference a day makes. Monday pretty much everything down and today pretty much everything up significantly!

I get we were oversold here. I did offload 50k at a small loss as it was looking week and I had another opportunity. Thankfully kept some in to build back on!

Agree 30p looks like getting back in the money. A few will buy and sell on that momentum alone.

Trek

Can’t see the VMS results being bad. Historical evidence points to the contrary. I think they’re up to something else. Obviously the results can’t be withheld but they can be delayed/sat on.

I wouldn’t be surprised if we get the results followed by some other news like a JV which could be finalised once the results are published.

That’s my gut.

Trek

O/T Jsmith23,

“TrekMadone, ARB is going to be listed on the Nasdaq tomorrow IPO, is that not going to increase further or already priced in?”

160p sell at ARB looking pretty good now. Hope you managed the risk.

ECR getting near the next top up zone now sub 1.65. Get ready to flip some more over. Higher doesn’t really help my average but rather it went higher!

Good luck with your investments

Trek

Results were due ‘around the first week in October’. Given they have reached TD and are casing for testing then I would say the crew just delivered a great result saving time and money.

PB would have known the inch by inch minute by minute progress. He would also know of the short positions and has imo just caught them out! Lol!

As for the pressures no idea what they are but they didn’t stop us reaching our objective. Sorry double our objective!

Trek

Yep 8.2 second resistance then 9p. 9p will denote a turnaround in trend from sell to buy. That momentum shift will alert some traders as folk know how quickly this can move on little volume.

https://www.barchart.com/stocks/quotes/IQAI.LN/overview

If that is backed by news then imo we can push to ath’s in the 20’s here on P1 commencement.

My average is also around 7.5. It was much higher but now I have more shares.

One of my conviction buys this along with TXP & SAVE which is my largest holdings by a long way!

Gonna be a good day!

Trek

Question for Monkey and Scott,

If the net pay was double expectations and the expectation was Royston is bigger that Casca can someone translate that (I appreciate we haven’t tested) into a comparison that us mortals can understand. TIA...

All said the biggest lol goes to a Friday RNS which is unusual for TXP and results over a week early!

‘I love the smell of shorts burning in the morning!’

I can see them scrambling now....! Just lol!

Well done PAB and team and good work speculator!

Trek

POST 1

Whilst I thought today’s update was excellent in terms of comms and reaffirmation of timescales I have been trying to be objective in terms of ascertaining the recent SP decline from ath’s. It’s easy to wax lyrical around the positives and ramp away but the fact is we are down significantly from 80p. Why? Here’s a view..

PROFIT TAKING....

The SP has come a long way since the £16.45m placing at 35p (5th Mar 2021 RNS). 70p represents a ‘sell half on a double’. That’s par for the course and completely understandable but it doesn’t dilute the prospects objectives. It’s imo an ‘opportunistic churn’.

TRADERS...

There will always be momentum trades. The recommendation is now ‘weak buy’. That is pretty strong after the significant pull back. That would coincide with traders taking profits akin to the seed investee’s.

https://www.barchart.com/stocks/quotes/PXC.LN/overview

Supports are at 49, 51 and 53p. 53p the level three support is offering a decent weekly support!

This site offers a better pictorial. The supports vary but are not far off. It also offers a short/medium/long term outlook which are bearish/bull/bull. If you draw a line up from the lower dips from April you can see why it’s TA is long term bullish. It’s a technical variation on an ascending channel.

https://www.marketscreener.com/quote/stock/PHOENIX-COPPER-LIMITED-61661898/charts/

NEWSFLOW...

The risk now is today’s RNS can be viewed as a holding RNS (I said that earlier). So longer for the next updates. So do bulls wait thinking it will go lower before buying and do bears think I need to sell now before it goes lower as the next news is gonna be a couple of weeks?

Net result is a low volume SP dip!! No ticks for that but I call it as I see it even with over £50k in here! You gotta remain objective and also be aware that things can change quickly!

But then, reread the ‘holding’ RNS. I am looking beyond Christmas and as far as I am concerned if it does drop I will be adding more. Is that an agenda or honesty, you decide! Lol!

POST 2

CAPITAL STRUCTURE ...

I had a skip through the 2017 prospectus looking for any outstanding convertibles. Primarily director options are left, page 185...

https://phoenixcopperlimited.com/documents/admission-document-2017.pdf

BLOCKLISTING...

We are due one early next month. Short term we have 327,094 at 60 pence by 31 December 2021. I would assume these would have been converted as they are by far the highest SP. Others are at a much lower SP and are likely to have been converted on the recent rise. That would account for some of the SP dip!

From 6th Oct 2020 RNS...

Number of Warrants Exercise Price Expiry Date
668,000....16 pence 31 July 2022
530,467.....18 pence 30 June 2023
386,000.....20 pence 31 July 2022
127,962.......21 pence 30 June 2022
4,609,213....28 pence 31 January 2022
427,343.......35 pence 30 June 2022
641,157........40 pence 30 June 2022
327,094.......60 pence 31 December 2021

6th April 2021 RNS balance unallotted....

Equals: Balance under scheme(s) not yet issued/ allotted at end of period: 7,150,847 warrant.

It’s a bit obfuscate compared to real time updates but you just gotta put yourself in the warrant holder shoes. I GUESS most would take their money out, maybe some profit as well and let the rest ride. If that’s the case I think most will be clear on the next Blocklisting and therefore they’re churned!