Member Info for TrekMadone

Yep bottom must be close. Sent 5k buy to deal at best. Will let you know what it comes back at. I doubt the 64p now indicated though!

Trek

I have had a 10k buy sat there since start at 63.5 as ii buys were NT. still are but they will take 30k in one hit.

Been trying to buy manually still all NT. I don’t like to deal at best as they will rip me off!

I will try again pm.

Make of it as you will.

ATB

Trek

Quote to sell 1m but a 100k buy is NT and yet SP is down 10%. Marketonomics at its best!

Trek

Here’s a stat....

Which investment has averaged 12.3% a year for sixteen years?

Which historically did better Warren or Gold?

I am surprised and I love data!

https://www.lse.co.uk/blogs/expert/which-investment-has-averaged-123-a-year-for-sixteen-years.html

Or how cheap are commodities now comparatively to index....

https://www.mining.com/120-year-chart-shows-commodities-have-never-been-this-undervalued/

Obviously you have to read in other data but interesting nonetheless.

Trek

‘Doom and gloom’ is short term pragmatism from where I am sat. Such a pleasure to have a balance BB without ramps/de-ramps that are beyond the posters personal rationalised opinions. I ticked up the guys that sold. Respect!

Opinions are.....

1. like you say ‘doom and gloom’ but then to be fair longer term many seem to be waiting to buy back in..

2....my view, I guess given the number of buys and sells I have made here it makes me a trader albeit I view my actions along the lines of ‘building a position’. Taking risks to lower my average and accumulate shares for the longer term. Long term trader? There’s an oxymoron! Lol!

3... The ‘Hold and hug brigade’. They don’t get 1 or 2 so just buy and hold and usually hope! Quote WB and invest passively. Often they miss quote WB and when you look at the stats it’s hard to believe that the POG has beaten WB over their longer term!

4. ..Then you get the shorters. I am not really bothered by them, as far as I am concerned if the fundamentals are fine a big short is a short term long so I would sell and average in lower in a tranches in a volatile share like this. Take advantage of the short drop then ride the squeeze! If it’s a ‘basket case’ short then you ditch the stock end of! PUR is a timebound short imo.

So TSX close today is equivalent to 64p.

I (I know it’s boring) but I sold some at 70p and some yikes at 66p! I know wtf! I honestly saw 68 as the double bottom so wtf do I know, therefore ignore me!!

The only reason I then sold at 66 was because I couldn’t sell a lot, then there was a window to ditch 10k. I then tried to buy at 65 and could have as many as I wanted but I couldn’t sell 1000 shares without going NT! It’s been NT today for a 1k sell on ii, so now I am sat half cash again!

Now here’s a thing. The last time we hit like 65p intraday dip there was a 20% bounce to 80 and I caught it!

I am expecting the same again but from a lower level. I have 80p as the ‘settle price here’ but first there is, as I see it a overhang now to clear.

This is ONLY my opinion having looked at trades, dummy trades and TA.

Anyone on the sides/half in or out, well if you are out you can’t but imo the trick is wait for the market to be able to absorb 20k ish sells. Then that is an indication the liquidity will be back.

So there ya go. A long term investor, still loosing money here, trading down and confident this will soon turn. I am critical of the BoD but think they have turned it around now and the SP will soon respond as the asset is fantastic almost ‘muppet proof’!!

No idea if that puts me in the ramper or deramper box. I just hope it’s a view that helps a fellow PI!

Usual caveats

Trek

A better summary!...

“Pure Gold Mining Inc - operates mine in Red Lake, Ontario, Canada - Says daily throughput averaged 703 tonnes per day in July, up 38% from second quarter average. "Average throughput is expected to continue to increase steadily up to and beyond nameplate capacity of 800 tpd for the balance of 2021," Pure Gold adds. Says head grades averaged 5.6 grammes per tonne in July, in line with expectations. July gold production came in at 3,730 ounces, a monthly record. Including July, Pure Gold expects second half output of 27,000 to 32,000 ounces of gold.

By Eric Cunha; ericcunha@alliancenews.com”

Thanks for posting it Nolupus,

So he felt 6 years was enough, time to handover. As he has been asked to stay at BRH perhaps he may lighten his commitments elsewhere.

IQAI could be sold as a package. I am sure there would be plenty interested in the US. £12m mcap for this cutting edge AI tech. Look at the barrier costs to getting this far and the patents.

Could be in for some interesting news soon.

All speculation of course and a view shared by others so don’t boiler room me! Lol!

Now loaded here! DYOR!

Trek

Fully appreciate why one would sell on this news. As I said they needed to give the market a glidepath for AISC recovery. They have basically hedged the main sp drivers into 2022.

I still think we could climb to 80p. I may average down again with some profit from elsewhere depending on TSX.

My reasons are that I have always seen this as a long term investment and we are at the base of the curve technically between exploration and production. That curve then takes produces higher over time. I have confidence this will eventually be a cash machine and deliver multi-million CAD$ FCF shown in the business plan.

The AISC still has the long lead time equipment in it. We have two more interstate screens to be operational in August and the Trommel in Sept. we have already hit a new peak production day and tonnage is increasing. We are making good headway on the main and east ramps towards higher grades.

So the SP catalyst’s here are improved head grades, improved tonnage, feedback loop to reduce AISC as Capex is front ended. These are all in our gift. Then of course price of gold which could light a firework here or pss on our chips!

On that I see us ticking back up to the 80’s but the bigger gains will likely be the end of the year in anticipation of 2022 progress.

NOT advice but for consideration for those that have sold out I would still keep an eye on the news here or even try and grab a few if it goes much lower to build a position from later.

Usual caveats

Trek

I just added another 50k at 6.95. Been slowly buying here as expect news once holiday season is over.

It’s been sooo quiet. Cash is fine with grants, ops news soon and looking for a home for some AVCT profits. Volume here is actually quite high today. May be others are thinking the same. This can hit +10p or 6p in a blink so not for ‘widows and orphans’!

Trek

Don’t wish to tempt fate but this seems to be ticking back up. I wonder if the recent news, grant and setcar, has quelled the funding expectations.

Trek

Thanks I have no intention of abusing anyone and I genuinely hope this comes good.

My decision making was based on....

1. Rule one in investing. Protect capital. I thought my now higher average could be in jeopardy.

2. If PCR is going to be optional then why do I need as many LFD’s? I based that on the sales needed to justify this mcap. I Bought here for the best for volume and science. I now have concerns. The narrative is change from test and vax to just vax.

https://www.bbc.co.uk/news/uk-58226678

3. I bought DDDD sub 40p and sold out at 170. Why because of the costs to bring their drugs to market. They then placed. Still a great uk biotech though same as AVCT. Point is AV will be expensive & without clarity over LFT revs?

4. I may be wrong. If I am and it takes off I can buy back. I really don’t mind paying more. I am not a hold and hug investor. We are not all the same. Hold and hug from 20p may be fine maybe fine but what about for others?

I have no beef with any here and hope it hits £10. I just get perplexed when folk say only invest what you can afford to loose and I like the debate long and short then they get nasty.

Re He1 my average is around 7p. I will be fine. It often pays, like here to be in early.

Usual caveats

Good luck..

Trek

Strange how one day folk only want updates when it’s something ‘concrete’ the next they moan that the SP drifts on no news.

Well I noted the change in isolation and test rules today from our ‘let your guard down govt’ and thought that’s it. Capital preservation mode now so I went to sell all I had left.

Couldn’t sell a bean on ii! Typical. So that means the MM has a list of orders to negotiate through.

Anyways I did what I don’t like to do and pushed it all to negotiated trade. I have a reasonable cushion even after my erroneous top up at 126!

Well that’s me out completely now. I still hope there is a blockbuster update for the holders here especially as I recommended this stock to friends a year ago. But I did tell them I was reducing from 250.

If there is a change in outlook or it gets silly check then I may buy a few for fun.

Anyways guys good luck with your investments it’s been a blast!

Bye!

Trek

This update is an improvement on the last guidance. Shorter lead times on tonnage. Clearer Oz/tn picture.

I was thinking of selling some today and then buy back again cheaper which I have been doing to get my average down. Can’t really tell though until TSX opens. We may not get the usual drift this time though. Could settle around 80p. Have to wait and see.

Usual caveats

Trek

They are breaking events atm. No reason why they can’t flex debt if needed until next year.

“Cash Costs1 for the fourth quarter, the first full quarter of commercial production, are expected to be in the range of US$1,025 - $1,125 per ounce. AISC1 for the fourth quarter is expected to be in the range of US$1,600 - $1,750 per ounce. Looking forward into 2022, production is expected to increase and Cash Costs and AISC are expected to fall significantly driven by higher grades and throughput coupled with decreased investment in capital development and other sustaining capital programs.“

Market usually looks ahead so route to profit soon. I wish they gave a glidepath of AISC rather than just ‘significant’ though.

Trek

We are slowly burning through the warrants....

THESE ARE OPEN...

In the following order. Scheme title, conversion price (£), conversion by date, cash return, then follows the purpose and RNS date...

20-Apr-20, £0.01, ?20-Apr-22?, ?32500000?, £325000

Placing and services. Placing was at 0.5p with 1p wars. 6-Apr-20 RNS.

30-Jul-20, £0.021, ?30-Jul-22?, ?3775519?, £792857.50

Placing 1.3p 21-Jul-20 RNS

27-Feb-17, £0.01725, ?24-Feb-22?, ?8153968?, £140655.95.

Options (not warrants) 27-Feb-17 RNS.

06-Jun-17, £0.05, ?16-Jun-22?, ?27678195?, £1383909.75.

These warrants are for Shenyang. They will be open as we haven’t hit the strike price yet. There is no accelerator. See 6-Jun-17 RNS.

09-Apr-21, £0.0375, ?09-Apr-23?, ?45454545?, £1704545.44.

Warrants following 2.2p placing. 9-Apr-21 RNS.

- -

Assume all existing ‘open’ warrants AND options convert that’s 151m shares and £4.345m in cash. Obviously only those in the money may convert which are the 20-Apr-20 1p scheme, total 32.5k and possibly some of the 30-Jul-20 and 27-Feb-17 schemes as they were in the money during the 6 month interim period.

- - -
-
For info these schemes have now closed.

Same format applies....

Scheme title, conversion price (£), conversion by date, cash return, then follows the purpose and RNS date...

30-Jul-18, 0.01125, 30-Jul-21, £368381.25.

Placing Warrants. Originally 92.8m wars. These had a 5p VWAP accelerator clause. See 11-Jul-18 RNS. Note the exercise date was clarified in the 9-Jul-20 RNS.

11-Jul-20, £0.01125, 30-Jul-21, ?14000000?, £157500.

OPTIONS. 25m director & staff options with a 1.75p vwap (expired earlier) and also included 2.5m wars to SI capital at 1.5p. See 11-Jul-18 RNS.

Cash from recently closed schemes was 500k for 46m shares.

Trek

It makes sense when you read the comment with the rest of the post. The SP recovered 10% on what was not imo a transformational RNS so the precedent is where would it go if we do get one.

“Not knocking the news it’s essential to our growth. Merely pointing out the intra-day trading range from a high of around 84p and then a drift to 68p just because next news was likely to be another week or two. Now we have a very strong bounce on an RNS that would have unlikely moved other stocks much at all.”

Here’s an example this week. WSBN announce additional tenement. SP hasn’t responded, well it’s down but it could be other reasons as well.

Richy,

I am on the same page as you with your post. Thanks

Good luck with your investments

Trek

Very useful post thanks.

The technical bits are helpful but I doubt HE1 would be liable for any wireline loss. That would be up to Mitchell’s to indemnify against and as operator they would make final decisions on safety etc

For sure He1 would have all the necessary insurances in place especially PLI and so would Mitchell’s including any indemnity for equipment if indeed it was hired and not owned outright.

If you hire scaffolding for your house and it falls down it’s on the scaffolder. He1 are not the drillers.

Just my take without seeing the contract details which are not in the public domain other than what’s in the RNS.

Trek

£5

I note trading economics have picked up on the fed infrastructure spend in their blurb.

“ Copper futures remained around $4.3 per pound, as concerns over supplies from top producer Chile intensified after two unions at Codelco's Andina copper mine, the world's largest copper miner, voted to strike. Members of the Industrial Union of Labor Integration and the Unified Workers' Union voted by 82% to reject Codelco's latest contract offer, according to a joint statement, and to initiate a strike on Thursday morning. Elsewhere, the US Senate approved a $1 trillion infrastructure bill to rebuild the nation’s deteriorating roads and bridges and fund new climate resilience and broadband initiatives.”

https://tradingeconomics.com/commodity/copper

IMO the market hasn’t quite grasped the domestic need just yet as copper has topped out on the chart. Once the infrastructure spend & electrification becomes a reality in cash terms we should see the commodity price tick back up.

Trek

"I am determined to protect consumers and hardworking families from exploitative practices and ensure high quality tests are available at a reasonable price," said Mr Javid.

"Too many providers are acting like cowboys and that needs to stop. The public should be allowed to enjoy their summer holidays without having to face excessive costs or anxiety.

"Any provider found to be misleading the public will be kicked off."

Mmmm start with Innova’s inappropriate use then Javid!

https://www.bbc.co.uk/news/business-58206517

Trek

I expect so as FTSE aside many companies are significantly undervalued. Particularly in the small cap space when compared to assets and the build cost.

A t/o only gives a short term lift. Investors holding a high growth divi paying company like TTG would likely be robbed!

Trek