Member Info for TrekMadone

Interesting article in The Guardian....

“Travellers will still have to take a pre-departure rapid antigen or PCR test before travelling back to England (NHS tests can’t be used), and a PCR test on or before day two after their arrival. However, they will no longer need to take a day eight test.”

“However, the government says it “closely monitors” performance. All private providers of Covid tests must meet minimum required standards and are reviewed by the independent United Kingdom Accreditation Service (Ukas). If a provider fails to meet standards, they receive a five-day warning, and can be removed from the official lists if they don’t improve.”

So NHS tests are no good......but all other listed tests are closely monitored by UKas!

Mmmm gonna throw a spanner in the works it there is a new testing standard. Even if that is the case it will be phased in so that it’s too late!

The mind boggles!

https://www.theguardian.com/money/2021/jul/17/holiday-covid-tests-best-price-trust-time-provider

Trek

“That’s what the US/U.K./AUS want their citizens to believe, yet the facts are to the contrary.”

Really, this is from the FT. It may be behind a paywall but an interesting explanation of Beijing’s interference in the tech sector. When billions are wiped off stock and Chinese billionaires end up in prison for dissident views it’s real. Nothing against the Chinese people and the west’s politics is often just as bad imo but I wouldn’t give the Chinese government and inch! And don’t get me onto covid!

I could go on but it would detract from the joy of holding HE1.

https://www.ft.com/content/38ba7bb9-9a7e-4817-80cf-324bc9a4527b?segmentId=c841d669-8dab-e460-26f0-30ea79c2a1d0

This is a similar article free..

https://www.ii.co.uk/analysis-commentary/chinas-stock-market-crash-whats-going-ii520973?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-FT-ENGAGE-Fund%20spotlight_010821%20(1)&utm_content=newsletter&spMailingID=14634428&spUserID=MTI1MDU0MTk3NzM1S0&spJobID=1810084123&spReportId=MTgxMDA4NDEyMwS2

Hope your not one of those social media Chinese sycophants paid to push the communist narrative. Lol!

Trek

£5

The new executive order and corporation tax reduction to 25%, that’s low! Is there to tempt investment. Nonetheless I would sooner our cash stayed in OZ. Even with the improved political allegiances with the US, recently signed treaty, things can change again. The delta variant, so far suppressed could also emerge in the Philippines and set back any newly established deals. Covid will have more to say imo.

“Habitan said risks to the sector’s recovery come both from within the country and overseas but added “quantitative data shows that companies are recovering quickly and steadily.”

She said it also indicates “optimistic perspective.”

“On top of some favorable government legislation and opportune changes in the global economy, the environment is rife for recent losses to be recouped, and pre-pandemic growth to resume, if not expand much more, post-pandemic,” she added.

Habitan said the government has continuously implemented measures to boost the sector and one proof to this is the issuance of Executive Order (EO) No. 130 that lifted the nine-year moratorium on new mining projects.

She said the EO is projected to increase mineral production by around PHP15 billion yearly until 2023, and by PHP43 billion annually until 2027.

The EO is seen to entice more players and increase exports by around USD1 billion to USD2 billion annually, employ as much as 1.3 times more workers, and bring in around PHP34 billion in government revenues by way of taxes and fees, she said.

“Moreover, the passage of the new tax regime, and the implementation of the CREATE (Corporate Recovery and Tax Incentives) Act that reduced the corporate income tax from 30 to 25 percent will allow companies to reinvest savings towards further expansion,” she added. (PNA)”

https://www.pna.gov.ph/articles/1148797

Trek

This old article, 2015, is worth a read. For sure the POG will have a say. Imo though the earn in has been ‘reinstated’ because the project needs more cash.

We are better off offloading it. It’s a mining rich region. If we can get some cash and secure a royalty that would be great.

“Mining the surface ore at Danglay would be a relatively simple undertaking as the mine would have a low strip ratio and benign metallurgy.

It was a significant moment for ECR Minerals (LON:ECR) when it put out a resource update for its Danglay gold project in the Philippines on 5 November.

“It was our first resource estimate for the project,” says ECR chief executive Stephen Clayson. “And we were reasonably pleased with the numbers.”

All told the project is now known to contain 1.2mln ounces of oxide ore grading 1.6 grams per tonne for 60,500 ounces in the inferred category.

It’s not big, but it’s a start.

“Small fish can be sweet,” says Clayson.

After all, there are plenty of signs that there could be bigger and greater things to come from Danglay.

ECR’s new exploration target anticipates the further delineation between 600,000 tonnes of underground sulphide ore grading 5 grams gold per tonne for 95,000 ounces and 700,000 tonnes at 7.5 grams for 170,000 ounces.

The target is purely conceptual in nature at this stage, but has nonetheless been determined by a qualified person and disclosed in accordance with the Canadian National Instrument 43-101.

“Overall we can certainly see a future there,” says Clayson. “There’s potential for some pretty exciting results.”

Mining the surface ore at Danglay would be a relatively simple undertaking as the mine would have a low strip ratio and benign metallurgy.

Add in the good infrastructure and the long history of mining in the local area, says Clayson, and the project as a whole has “a very good chance of being economic.”

So what’s next?

“In an ideal world you’d really go and drill this thing aggressively,” continues Clayson. “But we have to ask ourselves the question are we going to get value from it?” ....

Continues......

https://www.proactiveinvestors.co.uk/companies/news/119486

Trek

“With all the troubles around the world, a major tier 1 mining company would do well to secure key minerals in such a safe jurusdiction! ”

Absolutely spot on. Africa is seen as very high risk now.

Majors have mines coming to end of life, across a range of commodities, and they have to be ahead of the curve and replace reserves. This was covered in an interview Q&A with the LND CEO.

Many small caps try and prove up a cut off. In gold it’s around 2moz before a major will then look to buy.

I am not sure what the copper takeover threshold is or if there is one but with sulphides at depth in a safe juro and potential porphyry system PXC would be a candidate.

Trek

Hi LO,

Three lots in January 21, see RNS dates

RNS 25-jan-21
500000, 1.125p, Jul-18 scheme
55356391, 2p wars date by 16-Jun-22, Shenyang

RNS 12-Jan-21
7095237, 1.125, Jul-18 scheme
1872609, 2.1p required by 30-Jul-22, from 30-Jul-20 scheme

RNS 5-Jan-21
8761905, 1.125, Jul-18 scheme.
2000000 options, 1.125 Jul-18 scheme

These would have been accounted for in the blocklisting of 4th Feb & 11th Feb 21. Easier to just use the Blocklisting RNS for an overview.

Trek

Hi LO,

My apologies for not making it plain English. It’s a nerd thing. Have another read and let me know where I can expand. It’s really not a problem. I have another level of data below this so I understand there will likely be questions.

Good luck with your investments.

Trek

Note a block listing ‘APPLICATION RNS’ is indicative. It’s to save having loads of conversion and TVR RNS’s. It can be ‘construed’ as a way of hiding dilution. Also be aware the last 6 monthly block listing RNS, 4th Feb 2021, isn’t listed here on the LSE site, you can find it on investigate. It also DOESN’T cover all options and warrants!

I have used the 11th Feb Block APPLICATION RNS & added that to existing open options in totality. These may or may not have been cashed. So figs are approximate at best. Any that have not been in the money are likely to be open.

In terms of valuation the way I look at it is…

1. take the total money to be raised and the number of shares to be converted
2. Add the cash raised to the mcap
3. Add the extra shares to the total shares
4. Divide the new mcap by the new total number of shares. You then get a ‘fully diluted’ SP
5. Work out the difference in % terms and you have the gap or you can do in absolute terms. I.e % increase in shares.

This should help one time buys cognisant of dilution/add on pull backs! Like lol!

There is little point in doing it atm as we are due updates, but I hope the theory helps.

The penultimate closed scheme was 21-Dec-18 scheme, closed on 30-Nov-20. So taking it from there here goes!

In order of…

Scheme title, conversion price (£), conversion by date, cash return, notes.

THESE ARE NOW EXPIRED…

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) also included 2.5m wars to SI capital at 1.5p. See 11-Jul-18 RNS.

Cash from above was 500k for 46m shares.

THESE ARE OPEN…

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

Placing & services. Placing 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 wars are for Shenyang. No accelerator. See 6-Jun-17 RNS.

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

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

Assume all existing ‘open’ warrants AND options convert based on previous caveats.

151m shares and £4.345m in cash.

Hope helps, don’t loose in noise.

Happy to take Q’s.

Usual caveats

Trek

I had a covering buy set for 58p. Didn’t get filled. Often the case unless the price sits there for a sustained period.

I bought at 64.4 as close as I could read the pull back and time a trade from ATH.

I have resistance at 67.6
Support at 53.5
If you set a stop, I don’t but 50p
If you look to sell a spike, I don’t but 84.2
20dma 49.72
50dma 47.17
100dma 42.5
Haven’t bothered with RSI-14 as it will be irrelevant for a while following this move.

Short/med/long term indicators all bullish.

News of course but I think even those buying at recent high 72p will be in the money soon.

Trek

Interesting, posted by news on CCZ...

“Fosterville South has just released a ANN [or RNS] today, 30 July 2021.
Fosterville South needs no introduction although it is in Victoria, Oz.

Results:
20m at 1.53 g/t au gold including 2m at 7.05g/t.
6m at 1.79 g/t au gold.
29m at 2.46 g/t au gold.
28m at 1.12g/t au gold.

Rex Mooton, COO & Director said " drilling at Golden Mountain Project continues to intersect STRONG GOLD GRADES over LENGTHY INTERVALS."

Trek

Well a last Dangle RNS of note was Fri 11 Nov 2016 1315, when basically there was a dispute re earn in and then instability in the region. Was looking messy, court process and all that.

Now it seems it’s game on. I would rather they sold it but not sure they would even get their money back.

It’s a very prospective region but I wouldn’t want it to suck in any cash. I think/hope that is what CB is intimating!

Trek

Odd price action reeks of broker getting VwAP down ahead of placing.

Thought we may have got away with it!

Hope it’s at a premium to £1!

Trek

AGM over all resolutions passed. Should in theory now climb back to 2.3p at least.

Trek

Good technical analysis her on Au....Basel 3 seems to be working. BIS day today for trillions of paper options and the clock is ticking. LBMA using all the tricks to unwind positions.

Governments wanna back currencies with physical.

If you think about it what easier a way to write off debt. Buy a shed load of gold to underwrite it and watch the price rise and loan against it!

My words not Andrews but all bodes well for physical.

What’s the ‘safest’ way to leverage that as a PI. Smallcap miners of course!

And how do you reduce the risk. Look for ones cashed up in a safe juro that are about to add reserves (preferably with two drills! Lol!) and of course any efficient mines with low AISC that are about to hit commercial production!

Any increase in physical POG has a huge positive on the balance sheets of smallcaps!

Or you could buy a bag of coins. Not for me though! Lol!

https://youtu.be/L4pH0ZeKj4Q

Link from Diadulus on PUR.

Trek

Yep all in 100% in my ISA. All the other stuff is with Mrs Trek.

Shorts closing out? You watch the MM gap this up now with little interim volume. It’s like creating a spread. They know exactly what they are doing.

I won’t be surprised to see a 20% rise here soon. Had exactly same at PUR yesterday following a synthesised drop!

RNS Tuesday I reckon.

Trek

The ISR should deliver very quickly. The testing is complete. It’s contractor work. Time is money etc.

1.1m is sufficient to see the drilling through but the will obviously need more cash later. However, you don’t send out a ppt that says fully funded for this campaign and then come to market.

End of year though on the back of some decent results and one hopes a higher SP a raise should be well north of what we have.

Prove up and sell US assets then focus on Oz wouldn’t be a bad idea as well. Tungsten & Uranium is in demand. Cash out hand over the heavy lifting to a big US miner and tie in a royalty.

Not sure who on the BoD can do deals but all the potential is there in the assets!

Trek

“The Delta variant study adds to the Avacta numbers and would almost certainly provide the more than 100 positive cases.”

That may well be the case but an RNS Monday saying AVCT is taking part in an enhanced study results of which should be available in the not to distant future....or words to that effect.

Well that should really do the trick for the SP!

They gotta announce near term cash flow!

Trek

Decent volume today.

I note it looks like someone placed an order for 2m sub 2p, pulled it and bought 2.25m!

Jammy so and so’s buying now. I still down but not worried as have more shares and much lower average.

When I get chance later I will look through the warrants and post the conversion dates so peeps can see what’s coming.

This remains one of my top tips. It’s only just beginning!

Out for a breezy walk with the dog on the moor now. ??

Trek

IC - not the most exciting article but gives PR..

https://www.investorschronicle.co.uk/ideas/2021/07/28/a-shining-copper-opportunity/

Trek

Significant result exceeding guidance. €2.33bn profit half year. What a turnaround!

Trek