Member Info for TrekMadone

Intraday trading range over the last month here is 62-84p. Pretty wide but typical of many resource companies.

Buying sub £1 is a bargain imo especially understanding the anticipated news flow. 70p is ridiculous!

Good work!

Trek

Well reading between the lines they must have flogged a few!

“The mission of IVRC is to foster collaborative research among the Virolens™ community generally and in the field of varieties of COVID testing methods and screening in particular. It is planned to begin with regular informal meetings of IVRC in October 2021.

“......The IVRC plans to organize weekly seminars, where members and non-members can sign up and present their news, updates, study papers and so on, and to discuss them with the group. The research group will also arrange update sessions on the most recent papers and research matters for COVID-19, again with a particular focus on the Virolens™ Technology. The IVRC plans to organize workshops, conferences, guest lectures, and offer results from clinical trials, research and white papers.

The IVRC includes researchers and Virolens™ owners from Asia, Australasia, Latin Americas, Africa and the Middle East as well as international organizations and the representation of i-Abra, the Virolens™ technology founding company.

These partners have agreed to coordinate their research programmes to address agreed research needs, share results and together deliver new and improved Virolens™ testing and use strategies for current SARS-CoV-2 and future strains. It is hoped that the IVRC will be able to discuss new strains of the infection, including vaccines, diagnostics and therapeutics, together with other procedures and/or key scientific information and tools to support risk analysis and disease control.......”

Published yesterday....

https://www.keyoptions.com/virolens/

Trek

“I would of thought if we needed funds they would have added more on the listing but they haven't they've kept the share total the same just a bigger pool of buyers.”

I agree. The easiest cheapest way to raise cash and increase US exposure following US listing would be to IPO the OTC shares. That would have been done at the same time.

They clearly didn’t feel the need.

Trek

This is not the news. It’s a prerequisite to the news. Now the scene is set the news will likely follow shortly once a little PR has been done by porterhouse.

Trek

News just out on CNBC app...

US payrolls increase by 374k v expected 600k!

That’s not expected!

Will put breaks on any rash tapering or rate rises.

Trek

Hi Zen,

Great to see you here - you posting and buying in is a better rev than any broker note imo!!

This was posted here earlier....

https://stockspinoffinvesting.com/thungela-resources-buy-the-toxic-waste/

Good luck with your investments!

Trek

Trying to understand why the price has dropped from a shorter term perspective...

All IMO....

Simply because we have to await further assay results..

1... “The mineralized values in the oxide zone occur just inside the proposed oxide pit boundary and will be included in an updated oxide resource calculation in Q4 2021. Assays within the sulphide zone include 2.0 m of 0.38 g/t gold, 34.38 g/t silver, 2.28% copper, which includes 0.5 m assaying 1.31 g/t gold, 120.0 g/t silver, and 8.38% copper......

2... “The true thickness of the intercept has not been defined by the single drillhole but will become more defined with additional drilling.”

3.... “I am pleased to announce that the drill hole not only intercepted high-grade copper, silver, gold, lead and zinc in the sulphide zone, but also intersected good copper, gold, silver and zinc mineralization in the oxide zone from within the proposed copper oxide pit boundary, as it passed through the oxide zone into the sulphides. These oxide assays will be included in the resource update LATER this year.”

So shallow grades have not been confirmed by assays and need additional drilling. This will be accomplished later in the year. Albeit management have quoted their confidence and known grades.

We also have a quantity of pyrite (fools gold)...

4...”The assays show that non-copper bearing sulphides, including pyrite, make up some portion of the total”

This is why the assaying is important as opposed to reporting ‘visible gold’.

The company have chose to report results as they arrive. This is important as it gets the data out there in advance of the ADR program....

5...”"Drill holes KXD21-03 through KXD21-05 have also been completed to date. Core samples from these drill holes have been shipped for assay to ALS Laboratories in Nevada, USA. We look forward to reporting those results when they become available”

So 5 quotes from the RNS that a trader would potentially latch on to an move money elsewhere whilst awaiting results. That’s fine it’s what makes a market. It doesn’t change the 6-8% copper sulphides at depth or the overwhelming success of this first drill.

Mindful of a potential increase in demand for the stock it’s been marked down on this opportunity. Peeps tend to sell a falling stock and buy a rising one. With BNYM coming on line this month additional free float and liquidity will help the ADR program.

Anyways nothing much changes here for me at this juncture. I see a huge rise before year end and will add as funds become available.

Usual caveats

Trek

“AIM seems to sell on good news and the effects of a positive RNS seems to filter through to the share price a week or two later on. Its odd but thats the way i see it.”

Agree. They likely could have waited to release this news together with shallower oxide data but they have chosen to release data as it arrives.

ADR’s in September??

Trek

“only” = “moly”

Sub 70p bargain! Unbelievable!

Following my own research and will add more!

Usual caveats

Trek

An old article but nothing much has changes in terms of commercial...easy to remember 1%x100m

“COPPER: Anything over 100 metres and 1% copper equivalent or better is considered to be high-grade. For example, Serengeti Resources announced 119.6 metres of 0.9% copper equivalent (copper plus gold values added together) at depths from 180 to 300 metres. The stock then increased from $0.30 to $1.50 after those drilling results were reported.”

https://www.mining.com/web/making-the-grade-understanding-exploration-results/

So let’s have a look....

o At 86.9 metres ('m') 1.44% copper

o At 142.6 m depth, 0.77% copper, incl. 1.7 m of 1.1% copper,

Underground Sulphides (below 170 m)

o At 185.9 m 2.28% copper

o At 187.5 m, 8.38% copper

That’s 100m by my reckoning!

Shallower grades to come....

“Updated open pit resource to include oxide assays in due course”

But we know they are good.... here’s the heads up...

“but also intersected good copper, gold, silver and zinc mineralization in the oxide zone from within the proposed copper oxide pit boundary, as it passed through the oxide zone into the sulphides”

This NSG means it’s already been commercial hence statement included...

“Sulphide assay results provide verification of the 6% to 8% smelter grades reported from pre-WWII production”

So “Shallower grades are not out of this world”

Well the oxide grades haven't been reported. So how do you know? If I was going to deramp I would look at the rock types. There are better, (no I am not helping with that) but we aren’t drilling in Chile and where we are drilling this is imo a fantastic result. whilst we don’t have best copper source we have polymetallic rocks. So silver, gold, lead, nickel, ,only etc... This will soon be absorbed by the analysts when they get back off the summer hols.

Ps my view is biased as I just happened to add my last 10k shares here yesterday! PXC can go in the drawer now for the rest of the year while the BoD get on with it. Happy days!

Good luck with your investments

Trek

40m company, funded, farm-ins completed targeting over £1bn in assets. 7 well program.

Gotta be worth a punt!

Trek

Hi BCB,

Pinch punch! Lol!

Good luck with your investments

Trek

Wow! Fantastic results.

Verification of 6-8% Cu pre WW2 smelter grades!

Polymetallic intercepts right through oxides which will be an add on to MRE and through to depth at sulphides. Excellent Cu grades. 0.5% is more than commercial and lower with ISR. These are great results! The silver veins are also exceptional.

We have assays due soon on two more holes 03 and 05.

Whilst 01 was abandoned it was because it intercepted underground workings. A kind of verification in itself!

The data supports Nigel Maund’s thesis that there is an molybdenum/tungsten porphyry at Empire!

Ok tempering my excitement as additional drilling will now use this data to hopefully prove extended intercepts as we also have pyrite I guess assays will be especially important as opposed to visual gold.

All in all though I don’t think we could have asked for a better result. These are commercial grades and some! Just need to extend the drilling and look forward to MRE.

Usual caveats

Trek

Just got on line. Should I take some profits now at £3.09 expecting it to dip tomorrow like JSE did today? Mmm what if it doesn’t, I will have to pay more to get them back!

Nope decided to hold and if it dips below £3 I may sell elsewhere to add. There’s always a pull back but it seldom goes as one expects!

I would rather hold at this level to get the maximum yield on the divi’s and add where I can. It’s like buying now with +20% discount and still have the chance of capital appreciation! Bonkers!

Trek

Looks that way. China does drive commodities. Thing is though it will be a double shuffle from Oz due to trade disputes. Coal is same.

Trek

Hi Apro,

“my preference would be that CCZ retains an interest.”

CCZ will have a holding in Newco....

“It will accelerate the development of the BHA Project while ensuring, through our significant minority interest, that we retain exposure to potential material upside in the future. ”

There is no detail yet as it will depend how successful the IPO is. But CCZ will retain a shareholding.

Just on macro....looks like copper is turning now....

“Copper futures rose toward $4.4 per pound, the highest since August 13th bolstered by a pick up in demand from China, the potential for supply disruptions in Chile and a sharp fall in inventories available in the London Metal Exchange warehouse system. Copper production in top producer Chile has been declining since mid-2020 due to Covid-19 disruptions and as the country faces a slew of collective bargaining at a time when prices embolden unions and companies battle to keep costs in check. Meantime, indicators in the physical market pointed China’s appetite for copper is picking up rapidly as the country managed to curb its recent coronavirus outbreak.”

https://tradingeconomics.com/commodity/copper

Trek

It’s waking up!

“Copper futures rose toward $4.4 per pound, the highest since August 13th bolstered by a pick up in demand from China, the potential for supply disruptions in Chile and a sharp fall in inventories available in the London Metal Exchange warehouse system. Copper production in top producer Chile has been declining since mid-2020 due to Covid-19 disruptions and as the country faces a slew of collective bargaining at a time when prices embolden unions and companies battle to keep costs in check. Meantime, indicators in the physical market pointed China’s appetite for copper is picking up rapidly as the country managed to curb its recent coronavirus outbreak.”

https://tradingeconomics.com/commodity/copper

Trek

Here’s an older article. IMO Nothing in the new piece that RM doesn’t already know.

“When the immune system fights viruses, timing is key. And this maxim may be especially true for its defense against the deadly severe form of COVID-19.
Several new studies of immune response to SARS-CoV-2, the virus that causes the disease, suggest timing could be critical for a class of proteins known as interferons, which are being researched as potential treatments. These immune proteins suppress viral replication early in disease. Yet if they are active later, some scientists think they can exacerbate the harmful inflammation that forces some COVID-19 patients onto life support. Interferons are “a double-edged sword,” says immunologist Eui-Cheol Shin of the Korea Advanced Institute of Science and Technology.”

https://www.scientificamerican.com/article/an-immune-protein-could-prevent-severe-covid-19-if-it-is-given-at-the-right-time1/

Trek

It’s down to type of IFN and timing but we knew this (below) anyway and we were surprised (we’ll I was) that SNG001 could be administered so late in cycle and to very sick patients. That was at odds with another paper about a year ago in a science journal the name I cannot remember!

“Conclusions
The emergence of the new SARS-CoV-2 virus has enabled detailed insight into the immune response to a virus for which no previous immunity is broadly present in humans. This event highlights unique features of the host-pathogen response, with type I and type III IFNs playing complex and somewhat contrasting roles. The complexity of the response is evidenced by the difficulty of harnessing recombinant IFNs (namely, drugs that are widely available and are used to treat several pathologies) for use as anti-virals against SARS-CoV-2. In fact, studies that have utilized recombinant type I and type III IFNs report opposing effects, as reviewed elsewhere [87]. We posit that the dosing, route, and timing of administration, as well as the nature of the specific IFN utilized, will have profound impacts on the effectiveness of this type of treatment, and we contend that a better understanding of the complexity and specificity of action of each member of the IFN families, and of its targets, will help in the design of more efficient therapeutic interventions against COVID-19.”

Trek

Up 8% in France £3.02!

https://www.google.com/finance/quote/6UP:FRA

Trek