Member Info for TrekMadone

Vol Friday 526k on TSX, that’s double the average for the last 10 days and way higher than the average for the last 30 and 50 days!

https://money.tmx.com/en/quote/PGM/key-data

Something is a foot!

The directors here know when to buy. Look at the tab above. You have a list of buys in the $1.52 (88p) placing.

As pointed out they also have options due in November.

Q3 results and a trading update (based on last year’s dates) are due in November.

Given that they had no qualms in selling from C$2.20-2.88 range and we are now C$1.25 below the last placing still; those factors on their own point to this SP surpassing C$1.52.

Remember they took an extra 7m so cash should be fine.

Then based on the last update. The dyke issues overcome, so not feeding low grade ore and the second ramp is funded and on track. Drilling HGZ is ahead of schedule. Commercial volumes now achieved as machinery has bedded in. More kit to add but all on track.

Even for those interested in a shorter term trade. 70p to 90p is not a bad return. There’s always risks but imo the evidence here with the current macro tailwinds point to a recovery to 100p soon.

Obvious resistance around 90p but we should move through.

POG, HGZ, lower AISC news will likely be needed to move us back to higher highs but we should have momentum from the slightest uptick in volume to get us above the discounted 88p placing.

Usual caveats

Trek

‘Should see 70p next week’

defo will - it hit C$1.25! 72p! Still an hour to go.

72p would now put me blue again as average now is just over 70p as I grabbed a small amount today following some sells elsewhere.

We knew it was oversold!

Trek

Sorry Arbitrage is the difference between the two exchanges share prices.

As an example you can see on PUR which is dual listed on TSX and AIM, (that’s different to a DR but similar principle), TSX is it’s primary listing.

I use the TSX data to time buys here as Canada closes later due to clocks so one can sometimes take advantage of any price movements at 0800 next day knowing what Canada closed at.

So today PUR is 11% up on TSX...

https://www.google.com/finance/quote/PGM:CVE

It closed unchanged at 65p in London.

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

1:20CAD is 69p.

So the Arbitrage is 4p. PUR will open higher in London on Monday.

Good luck with your investments

Trek

Good post Sp28,

Here you go Giraffe....

This one is a bit corporate....

https://youtu.be/Uo32EDxssPs

This one is more fun....

https://youtu.be/Gr9v1E8y9T4

It says stock is bought in advance by the bank though. Our understanding in this instance is it will be order driven. This should result in less hedging and arbitrage.

———

I note today the UT trade was 65p! Lol! I mean what was all that about with a false dip below 61p!

Trek

Hi Stockanswer,

I thought they were due in Nov?

Last years were 13th Nov.

Trek

Just off the press from alliance news

“ CMC Markets analyst Michael Hewson said: "Basic resource stocks are also higher as the weaker US dollar keeps a floor under copper and silver prices, with Glencore and Anglo American higher on the day."

Glencore rose 1.2%, while Anglo American added 0.5%.

Among mid-caps, Hochschild Mining and Centamin surged 9.2% and 4.1%, also benefitting from stronger gold prices.”

The max buy into the close was 1500 shares anything higher was NT. Sell was also NT.

Should see 70p next week!

Usual caveats

Trek

Here comes the bounce. MM’s closed books as TSX rises!

Trek

That’s my last buy today. I have added 15k shares averaging in through the day and am now over my target holding. Must up target holding!

Apart from the research from a trading conviction the MM will take all my stock in one hit!

Running dummy buys through the day there was no way getting in at the day low.

There is likely a seller but there is also a buyer(s) for the market to be able to absorb so much stock in one transaction on a down day without going NT.

These are the times when you have to keep your head. The mine will be built and the SP will soon be much higher. Repeat after me......

Lol!

Usual caveats.

Trek

I added at 65p and 64p today. Now it’s 63p (google). I think we have a seller offloading into news as opposed to the news driving the SP.

Personally I view that as an opportunity. Research will eventually out and sellers clear. I have had to sell elsewhere to add into here as it’s one on my high conviction plays.

Good luck with your investments

Trek

Looks like it’s going to continue up...

“Coal futures traded around $175 per metric ton, the highest on record, amid soaring electricity demand, infrastructure woes and a surge in global gas prices. A heat wave in Zhejiang, Jiangsu and Guangdong, China's biggest industrial provinces and a rebound in industrial output pushed demand higher despite government’s pledge to cut carbon emissions. In the meantime, China authorized the restart of production for a year at 15 coal mines across northern provinces such as Shanxi and Xinjiang region as inventories declined to near historic lows since August due to peak summer electricity demand and transportation bottlenecks exacerbated by last month's severe floods and typhoon. Elsewhere, a trade spat with Australia has crimped imports while supplies remain limited by a closed mine in Colombia, flooding in Indonesia and Australia.”

https://tradingeconomics.com/commodity/coal

Trek

Sorry link.

https://tradingeconomics.com/commodity/gold

Trek

“Gold traded around $1813 on Friday after falling below $1810 the day before, after the dollar hovered at a near one-month low, with traders awaiting the payrolls release on Friday for an update on the American labor market recovery. Initial jobless claims fell more than expected to 340K in the latest week and job cuts were the lowest in 24 years but some confusion remains after ADP data showed the US private sector created fewer jobs than expected in August. The Fed is focusing on recovery in the labor market to set the timeline to monetary policy tightening in the US.
few seconds ago”

Holding above $1800 is a big step. Confirms return to uptrend. If POG hits $19 then imo this share will go nuts! It’s a leveraged producer and about to drill high grades. It’s not a fund and find AIM share!

Anyone that understands the impact of POG on our front ended AISC with expo upside would seriously be looking at taking risk here. SP is down on low volumes, sentiment and some commercialisation delays. That’s what happens in a new mine. Now we will be hitting the ground running!

Really looking forward to next update!

Trek

We’re off! 8p on the ask!

This can move pretty quickly now the cheap shares have gone. Momentum traders will be sniffing in case history repeats. Doesn’t even need news. Just a little buying pressure!

Trek

I note from CMC markets trading update....

“overall market activity has remained subdued through July and August following on from the moderation in activity reported in Q1. Reduced volatility in markets has resulted in lower trading activity across both the newly acquired and existing cohort of clients. Similar trends have been seen across our non-leveraged and leveraged businesses.”

Pretty much sums it up. We know AIM/small cap can drift disproportionately on low volumes. That has not helped us even with POG climbing back above $1800 + positive macro for gold.

I think we will see an uptick in volumes next week and start to move to 2p. Of course news will help but I believe we still have some catching up to do on the last assays and clarity from CB!

Sector interest should pick up over the next few weeks as govt investment plans become clear and vax penetration improves.

Trek

62.3 sell, 63.3 buy. They seems to be the lowest indicative sell/buy trades gone through.

With often a 3p spread somboth could be sells.

We have sat in the 62-65 range now since the 18th Aug. There has been the odd 1.5p climb but again it’s mostly spread.

I note from CMC markets trading update....

“overall market activity has remained subdued through July and August following on from the moderation in activity reported in Q1. Reduced volatility in markets has resulted in lower trading activity across both the newly acquired and existing cohort of clients. Similar trends have been seen across our non-leveraged and leveraged businesses.”

Pretty much sums it up. We know AIM/small cap can drift disproportionately on low volumes. That has not helped us even with POG climbing back above $1800 + positive macro for gold.

I think we will see an uptick in volumes next week and PUR start to move. Of course news will help but I believe we still have some catching up to do on the last news! Hoping sector interest will return and push up back through 70p soon.

Trek

It’s arms length corporate set up. Pretty standard shareholder, BoD and asset protection. Lots of companies structure likewise in many sectors.

Trek

Quite a step up. Previous run was flat from Feb!
Trek

Still trading in its recent range. 1.45 - 2.03. It needs to close strongly above 2p or below 1.45 to show a step out. Probably like a few here I have patiently bought and sold 3 times now to get my average down.

It’s a safe trade as there is no wrong side, if I get stuck I will just hold the stock.

My last buy was 1.58 which I could sell soon in case it drops again but this time I think volumes may pick up and it will move north so I will likely stick unless there is an obvious spike through 2p.

Usual caveats,

Trek

“If theres a get out pump for warrant holders that might be a good time to exit here”

Totally agree. The last lot are 20p. Usually pays to sell half on a double.

Trek

So it’s dropped to 65p and now it’s back at 70p! Gosh imagine selling at 65 and seeing it close above 70 and then we get more result next week!

That’s what the mm wants!

Of course it could drop again but if you swot the odds do you think it will be higher or lower than 70p at Christmas.

Reading the company RNS’s and ppt I get much much higher!

Nice tree shake!

Usual caveats

Trek