Member Info for TrekMadone

Interesting use of capital letters again by ECR. They shout when they want to really say something! Look at the recent RNS’s here.

Bit of acrimony I suspect. Clash of personalities. ‘Immediate effect’ is management speak for disagreement where dismissal is the alternative except directors seldom get sacked.

A clue is in crediting him with Danglay which should have been sold ages ago and may have mitigated the placing.

Also sounds like Craig’s way or the highway.

I have noted several undertones in his videos.

One recently where he was lambasting contractors for speed over quality. How they miss the fractures and then the nuggets whereas Craig and is geo’s do it slower but right!

Well Craig your paying them get your clerk of works on their backs it’s on your watch matey!

Gonna give this a little more time. I am patient but will call it as I see it.

SP is either bargain basement now or a bottom drawer. No point in having loads of cash if it don’t deliver!

Next assays will decide.

Trek

Next imo Innova will bid for Avacta.

Think about it. They have all the scale, the contacts, as near as a sovereign test, the revenue. They just need the technology.

Avacta are the opposite atm.

Trek

Any news before the interims in August will be welcome. I like others have held patiently.

Would be nice to know what is going on with Virolens.

I must say if it wasn’t for the SP moving ahead under its own steam I would have given up but TTG has turned out to be a good recovery play.

Following the recruitment they must have kept supply lines open through Brexit, covid and Suez!

Trek

“Around 1 in 3 people who have coronavirus never show any symptoms but may still be infectious. This means they could be spreading the virus without realising it and so asymptomatic testing is a vital tool as we work towards ending this pandemic.”

What a cheek!

And they can’t say if it’s effective against the delta variant let alone for home use!

This is gonna get messy. There will be escape mutations developing as there is no effective testing to prevent community spread.

I fear it’s too late for an Avacta sovereign test now. There will always be a web of denial and lies from UK plc. Just move on!

Private sales, Europe and RoW.

Still plenty to go after.

Trek

Interesting that 318 picked up two distinctive zones, 89-100 and 153-187.

319 picked up mineralisation shallower than expected so they didn’t go to 150m. I would have thought they’d try and clip that other zone, if there.

They have said that these results clearly extend the known mineralisations. There is likely major structural trends and this dyke is a secondary target.

pXRF modelling with Copper is more straightforward than gold so I have no concerns about a conflict in results when assays come back from the lab.

The next 19 holes will help build the picture. I hope they go deeper even on every third hole as the better mineralisations are coming from the deep drills. Likely the two structures overlap.

All very positive and indeed building up to be a big one!

I think we all expected a pull back today as we had a clue from ASX but London will likely takeover from here again.

There was decent volume yesterday but I note only £350k traded so far today, if this site is to be believed and likely profit taking bringing us down. Not much volume really and I suspect the net is most that bought in have read the RNS a couple of times including the appendices lol! and are now holding for further results! . Can blame them very much derisked now and funded!

Remember this is an add on drill! .

Likely a blue day tomorrow once traders move on

Stonking buy imo!

Usual caveats

Trek

Sold out here a while ago on a spike. With the funding and permitting sorted I may buy back in.

Will need to top up on my research here as it’s been a while but this could reach giddy heights again very quickly.

Glad they also did an open offer. Not everyone has a grand hanging around in their current accounts just in case a PB offer arrives!

Trek

Well done dvh! Good trade!

The placing price here will offer huge support. So good buying opportunity and likewise I view it as a nice cushion to hold from.

Watch the spread today though as the MM will try and have it both ways.

Good luck with your investments

Trek

Several ways of playing this.

Results are outstanding. This could well be a tier 1 copper resource. There aren’t many new discoveries in the world. So if that’s your investment objective hold. More results soon should take this to much higher level.

We will likely dip today. Sell any spike try and buy in cheaper. 2.3/2.4 if we follow Oz.

Sell out half buy half when next news arrives.

Obviously if a few weeks is too long for you sell but you may risk paying more later. Not a problem as you will know more.

It’s what makes a market.

I’m sticking. I think I know what’s coming. If you have cash, a BoD and then the discovery with more upside. That’s a pretty good mix in this space.

Usual caveats

Trek

“Bad luck to peeps who sold out.”

Depends what price you sold out for and reenterred at.

Price is still subdued imo as investors that have been locked in look for the exit no matter what the news.

Trek

Hi CAR3Y,

Thanks for the link. The Reddit page shows % short using nominee accounts. Some brokers loan out nominees stock.

I am with ii and will email them later to ask if they do and what my options are as you can’t put a price to sell on stock outs side of a narrow %.

8.74% on loan in June seems very high and yet it doesn’t show up on the short trackers.

Does anyone have the source data so we can see who is shorting and how many shares??

Note there is no time limit on closing a short. In theory these could only be out of money at say +150p.

Even then as it’s a nominee account I.e. no specific alignment between the actual share and holder, as it’s pooled stock, then they could stay open for as long as the nominee agrees.

As the nominee gets paid by the shorter it’s in their interest to ensure they are solvent!

Capitalism at its best! Not!

Trek

Can anyone post shorts source for here?

There are none on tab above, not sure it works well, or on short tracker..

https://www.shorttracker.co.uk/

TA wise this is breaking out, given it’s now retraced to fill all the 1 year gaps it’s likely to fill back up which takes us to 130 pdq. Once we close above 100p that momentum should build.

Pinch of salt and all that but some folk use it to influence trends.

https://www.marketscreener.com/quote/stock/TOUCHSTONE-EXPLORATION-IN-35939969/charts/

RSI is recovering from oversold, now 55 which is mid point.

When/if 20DMA crosses through 50 which will be around £1 then we may see some action. Next will be golden cross. 50 cross 100 dma

Lots of positives from TA in anticipation of news which obviously rules ok and will also drive buying. Short sellers would use these indicators so they don’t get caught on the wrong side of a change in momentum.

Trek

Those 75p trades are more likely buys, I bought around £2k more at 75p.

Mind you buying at the bid is not usually a good sign but following the update I am sticking here now and averaging down gradually.

At this price it’s almost tempting a takeover! If not in a year we ‘will/should’ be well north of this.

Trek

“Several parts of the Red lake are being affected by forest fires at the moment. I think this also explains some selling, however having researched it for an hour, I don't think the fires are near the mine. ”

Red lake is pretty clear. Here is a live interactive fire map

https://www.lioapplications.lrc.gov.on.ca/ForestFireInformationMap/index.html?viewer=FFIM.FFIM

Trek

Thanks moniman,

I forgot. I don’t keep up here that much as have a low average and lth and spend energy elsewhere.

I just thought I have 40k ish poolbeg shares at 10p each so happy days but of course they were only offered on a 1 for 2.98 basis. Oops!

Cheers.

Trek

https://www.londonstockexchange.com/news-article/ORPH/aim-schedule-1-update-by-poolbeg-pharma-plc/15058272

Nets us back to 37p

Trek

Yes been a few decent buys of late. Possibly an insti adding when there is liquidity. I have also noted lots of cancelled trades. Hope it’s not spoofing!

Nice being able to sit back here now and enjoy the story unfold. The market has balanced out the lost drill with the sidetrack and the Helium shows. Hope Persian bought back on the dip. Was a shame to see him go all out.

Anyways I recd CCZ the weekend. Hope some here had a punt. CHF next for those that have some punt money.

Usual caveats

Trek

£5

tom,

“material exploration results”

Then when you read back through the RNS’s....

29th June

‘Mineralisation intercepted - up to 17.5m thick - at Big One Deposit’ ....grades then listed

From previous RNS... 16th June

‘· Big One Deposit - The programme, which comprises 26 drill-holes for 2,828m, has been designed to test several new and existing targets, north-and-south of the 1,200m strike event, to extend known copper mineralisation. Following a recent Induced Polarisation (IP) survey and geophysics review, the drilling programme was re-designed to ensure optimal results.’

Obviously we don’t know for sure but ‘material exploration results’ following the previous news releases sounds to me very positive as in not materially we found sd all. That would be a we found sd all RNS with loads of flannel to make it look good.

No imo this is a significant upside event.

Usual caveats

Trek

Posts from 09:38 to now missing?

Trek

Thanks BCB,

I have read the prospectus again today in a little more detail. Particularly like director options at 12p and some at 14p and noted most of the early warrants have been converted. Can’t find any 6 month block listing RNS here though, that said it’s clearly set out in the prospectus.

Having been caught dithering at CCZ waiting for a lower price before news I added here today before impending news! I don’t see the ask going below 11p now. The fire was imo the last opportunity.

Done now and sitting back!

Usual caveats

Trek

Those 250k trades shown as sells are buys. They are taking an hour to clear larger trades here. Same happened to my 500k buy. No idea what the MM’s are up to.

I agree though that we will blast through 3p. The median price here is around 2.5p. I expect this news on top of the recent finances are worth more than 0.5p. We should also see a lift following the vote.

Placing was 2.3p at 11% vwap discount. That’s not a huge discount in resource sector where 20% or more is common. Add to that the options in appendix B (UK) are at 4.4p!

Imo the play here is to load up now with a view to selling half before the option strike price.

The drills are along ‘known’ deposits. It’s building on resources already in the bank with potential higher grades along strike.

Following the suspension on ASX I never have before seen such a sure bet. Obviously there are always risks but this is as good as it gets and if you like you should get a chance to derisk into the next known news events.

To good to be true! You decide. I bought 1m!

Usual caveats

Trek