Member Info for TrekMadone

Kits from £5.49....

Pending approval for home use by UK regulator....

“The World's Most Advanced COVID-19 Antigen Rapid Test Kit For Businesses
Buy direct today we are the UK exclusive distributor of FlowFlex™.
We will beat any genuine quotation

We supply bulk orders of 10 to 10,000,000 Antigen test kits per week for businesses across the UK and in Europe.
Our test is entirely non-intrusive, providing highly accurate results, ensuring that your staff protected at all times whilst curbing the spread of COVID-19.
We are UK Government validated at the UK Government Laboratory having passed the rigorous Phase 2 & 3 trials at the U.K. Government Public Health England, Porton Down.

Home Test Approval already granted in Germany, Austria, Czech Republic & The Netherlands, (*UK Pending) and registered across 160 countries globally.

Significant Stock Available
We have significant levels of stock available here in the UK to be to satisfy large scale orders and despatch on an urgent basis.”

“The FlowFlex® Rapid Test Kit uses the latest patented technology in detecting proteins ensuring that it can detect new strains of the COVID-19 virus.”

https://www.lateralflowtest.co.uk/?gclid=CjwKCAjw9aiIBhA1EiwAJ_GTSmVjfzGY1EJrC96OfV8wFO4JKCVXOWaToUKsc0rVibk_TRMJ3P_2sRoCTF8QAvD_BwE

If only FlowFlex was replaced by AVACTA in this blurb! I am still invested but no longer ‘all in’ as I reduced according to the change in the competitive landscape and the SP trend.

There are now 444 govt approved tests, up 19 in a little over two weeks! Some expensive, some rubbish but also some good ones.

https://www.find-travel-test-provider.service.gov.uk/test-to-release#list-of-test-providers

I mean where are these companies getting all their equipment from. The space is getting crowded and it won’t be long before home tests are approved at scale.

You also have ‘myhealthchecked’ (MHC.LN) working with boots so that has a high street presence as well as on line and benefits from Boots brand affiliation.

https://myhealthchecked.com/?gclid=CjwKCAjw9aiIBhA1EiwAJ_GTSgR7CqATujPnOBCE616eUjMdvR7t8LETZyjte6FVImtg9lyRTalO9xoCOmIQAvD_BwE

I may well average up later but for now I think some cash on the side is sensible while things play out.

It’s just that many posters don’t get that and are either all in or all out. Which is also fine but there is a halfway house as well. I guess sir Al is in a halfway house as well! Sorry for the pun!

Anyways AV news next!

Trek

“The sole purpose of this updated appendix 3B is to increase the AUS broker options from 14,425,063 to 16,703,757 to align with the executed Lead Manager and Broker Mandate“

Sp is the same AUD 0.042 and 0.08.

Just an update.

Trek

Last 25k buy was my top up. Can’t believe can get in this close to the placing price.

For sure they will need cash to develop assets but later. Having placed at 10p I doubt they will raise below that.

News first then it will be interesting to see if Poly offer a JV.

If they do that will transform a £12m mcap. May even trigger 20p warrants!

8p downside drift can never be discounted but a 20p upside is very achievable on a single RNS.

Trek

Next ops RNS will be the turning point imo. This one has bought time by releasing some info. Market ‘knows’ there will be a gap before next news insofar as it’s unlike to be imminent.

Like I have said it’s going to be bumpy. For those that believe and have patience the next couple of weeks could offer some good buying opportunities.

Trek

POG should turn sharply soon 1830 atm.

The Private Labor jobs are out today in US, very underwhelming. Covid is still knocking the private sector especially travel & tourism. Most US bond yields have now turned negative and the inflation narrative pushes on. You even have a job getting lumber now!

From Fed today on CNBC app so no link....

“Federal Reserve officials have echoed the transitory theme but have vowed to keep monetary policy loose and interest rates low until the employment picture shows greater progress.”

That’s good for equities and gold.

Interesting that many small cap gold stocks have been pushed down of late. Trying to shake a few I guess!

Re CORA, we’ll done to those that bought. Not on my buy list as in Mali. Perhaps I should have bought though but I guess you gotta have some rules!

I (Mrs Trek) have been adding to PXC recently. Now 5 buys in. If you can pick up around 80p should do well. DYOR of course.

Re ECR, ran a dummy sell just now in her ISA and again they would take 1.5m in one hit. Wait for this. I actually got a decimal place higher sell for that than a sell of 100k! Just for an instant.

No doubt a lot of it is to do with the spread but read into it whatever you will.

Trek

Astonishing and £330m mcap....80p!

“The PureGold mine is poised to be the fourth highest-grade gold mine in Canada at 9 g/t and the 16th highest-grade gold mine globally. The company is developing the mine in a scalable, phased approach, and the first phase is set to produce 1 million ounces.

The first one million announces will generate over C$2.3 billion in revenue over the next decade, the company has said, and over C$1.2 billion in pre-tax free cash flow.”

Imo this will rerate significantly soo. 8 zone ultra high grades to come!

C$1.2b fcf! Rest tax deductible expo upside to extend LoM.

Should soon to pay a divi if not bought out,

Trek

Yes there is a premium but there are shares to buy. This is getting quite frustrating if you place an order it gets ignored and whenever I wait for the price to drop to top up even though it dips on google you can’t mirror that on the countdown! So frustrating!

I like to average in when buying a stock but looks like it’s getting close to plunge time!

Trek

Well I have doubled up at 82p, missed earlier as I was out. I think we will see a £ soon. Market waiting for assays. Have two more covering buys set lower just in case but it recovered that last spike to 72p very quickly and now 83p so some serious momentum here.

Trek

Decent volume today and SP holding up with some selling into news. A few traders would have grabbed some in 60/70 range and cash out. All helps.

Ramp up will come but for now we know at least that all the equipment is working and diagnostics complete. That is not an easy task!

£1 will likely offer the next resistance as there was a lot of buying/averaging down sub 88p.

At last I am chilled now with my PUR holding but it’s been flipping hard work!

Onwards and gradually upwards!

Trek

Great news - now lets see those directors buying again!

Trek

Really doesn’t help that they don’t notify timely. For UK it’s next working day and non uk issuer it’s within 5 working days.

International TR1 notifications are 5% as opposed to 3%

From FCA handbook....DTR 5.1.2 sub para 1

“(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R“

https://www.handbook.fca.org.uk/handbook/DTR/5/

But no one enforces it. I wrote to the regulator once (MAR) as Acacia were deliberately delaying sales notifications whilst they were still selling. The reply, it may be a training issue! Yeah right!

Trek

Sp so true!

Just noticed Cannacord have a tad over 5% their TR1 was updated after the placing. Not sure why it wasn’t listed in the presentation? Had they reduced there would be a TR1 for crossing. I assume it’s an error in the ppt.

Trek

Hi SP,

Sure there are few shares but there is a round a 50% free float. Most shares are with nominees, so PI platforms. No ii’s over 3%. So pretty liquid.

Also always worth being mindful of fully diluted shares to get a better perspective.

Mkt Cap (£) Shares in issue.......£54.7m/$76.5m@ 47P*...116.33m
Warrants...........11.95m
Options....6.02m
Fully diluted shares.....134.03m

Significant Shareholders, as of 12:06:2021....

Hargreaves Lansdown (Nominees).....12.71%
Martin Hughes.....9.68%
Bank of NY (Nominees).....5.87%
Directors and Advisory Board.......5.4%
Canaccord Genuity Group Inc (Nominees)....5.16%
Cheviot Capital (Nominees)....3.22%
Interactive Investors Services (Nominees)....3.2%

https://phoenixcopperlimited.com/documents/CompanyPresentation/20210615_Phoenix%20Copper%20Limited%20Presentation_.pdf

If you use these sites, Morningstar.....

https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P0001B6WM%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001B6WM&ClientFund=0&CurrencyId=BAS

or MarketScreener.

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

Both are, as is often the case, out of date.

Don’t get me wrong I am still buying but like a sense of perspective as well.

DYOR.

Trek

Not sure the holdings RNS made sense, probably not completed correctly?

It shows that JWH crossed the whole % threshold, (set above 3% for UK issuer in accordance with the DTR rules) so a TR1 was issued for going from above 10% to below 10%. Whole % crossing. Yep all good.

The box “An event changing the breakdown of voting rights” has an X. Ok so the recent event is the placing.

Then when you look at the crossing date it is 29/7/21???

I mean what is all that about. Wasn’t the full listing completed 2 March, so that should surely be the crossing date as that is when the dilution of extra shares would take them below 10%.

Either the TR1 is wrong, not for the first time, or I am really missing another RNS!

Anyways, phew! JWH hasn’t been selling!

Trek

Cenkos 250p

“Directa Plus, the leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has announced that its Italian subsidiary, Directa Plus SpA, has qualified for a total of €0.7m in loans under the Italian Government's Covid-19 Recovery Plan. The Company took advantage of the low-cost liquidity offered by the Italian Government in order to accelerate its strategic programme. The funds are being provided in two tranches by Intesa Sanpaolo SpA: a €0.5m loan and a €0.2m leasing loan to fund the acquisition of new machinery for the Company's production facility. The loans have a term of 5-6 years, a variable interest rate of 1.5-1.8% +EURIBOR 3M and are 80-90 per cent. guaranteed by the Italian Government. Exploiting the same government measure the company is negotiating with another major Italian bank an additional €0.5m loan.

? Comment Today’s news is positive and helps provide the company greater working capital headroom to fund it through to profitability which, we believe will be reached in late 2022 based on our current expectations. We retain our Buy recommendation and 250p valuation”

Trek

If Meditech were looking at 20% then they would likely look to buy out the SYM imo.

These were +30p not so long ago. I would expect the SP to climb above that from here. Great news!

Trek

Yep not surprised he’s going to concentrate on ragged range. The Alford job should be predominantly a contractor led op. It really is straightforward. Just get a wiggle on!

Trek

Good news with the low interest rate loans. €0.7m from govt + seeking an additional €0.5m with another major Italian bank under the same terms.

Hopefully that’s enough to see them through else surely they’d ask for more?

Interestingly the bulk is for capex (machinery), these loans usually have terms. Capex/opex split may be one. The government having underwritten the loan wouldn’t want it to be a ‘lights on loan’. They would obviously want to see it repaid and for growth, even an Italian bank! Lol!

If anything it should at least stop the SP drift now the finance uncertainty has been somewhat addressed. A lift would be nice for new investors here that are likely underwater atm.

Usual caveats

Trek

This is my fear and why I reduced significantly as posted before. Now AVCT as a new test will have another set of hoops to jump through. It looks like CV/CE is not enough. There will be another quagmire, more delays and uncertainty unless of course the way has been paved in advance.

Mmm going on past performance I doubt it! Hence I have cash on the side.

All said if we may get a blockbuster RNS tomorrow but it I doubt it will be any business with UK plc!

Trek

Interesting take on the vaccines. The Chinese vax is not as effective as western vaccines, we know that from all the dead health workers in Indonesia! And that they are now turning to Moderna...

https://www.thejakartapost.com/news/2021/07/10/indonesian-health-workers-to-get-moderna-jab-as-covid-19-booster.html

So with China having vaccinated 40% of the population and now they have a delta variant breach what do they do?

Well as they can’t copy a vaccine as easy as everything else they blag it looks like they will be turning to the west for vaccines. What a twist. Maybe they’ll need some ppe as well!

Not a dig at the ordinary folk of China just their leadership!

Interesting vid from WSJ...

https://www.wsj.com/video/how-the-delta-variant-is-challenging-chinas-covid-playbook/CD5A78BE-2F97-4CA3-BB37-E97FEAEEBB2F.html?mod=trending_now_video_2

Point is though if one vaccine is not as effective the inclination is to find one that is. The need for therapeutics will click soon. Probably when the beds are full again!

Rest assured SNG are doing everything by the book and unfortunately our time will come.

Usual caveats.

Trek