Member Info for TrekMadone

Lol inthevoid,

I think we’ve just let our hair down, apart from alice band Kev! Lol!

Monday could be the day and some of us have stuck with it right up to the closing bell with a heck of a lot of money here. Monday or certainly one day next week that money could be a lot more or a lot less!

Pretty much all the research has been shared. Hopefully next week we’ll have other stuff to discuss like building a modular production facility, other wells, takeover concerns! Hey that will be fun!

It’s raining here in Devon, as usual! Don’t fancy the bike today but out on Dartmoor now with the dog.

Enjoy your weekend all

Trek

£5

ingy they can buy now.

The thing to be aware of is this is NOT a ‘lifestyle’ AIM company. There are so many that pollute this investment space..

ONC is you get what you see.

The directors are far from millionaires! They will only become millionaires if the business objectives are met. Imo you couldn’t buy a much better aligned investment!

Anyways to answer your question the following definition may help....

What Is the Close Period?

The close period (or closed period) is the time between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results.

Trek

“Trek, where do you get that Bulls Blood? ;0)”

ST no one would ask a question like that unless they knew a little about wines and current sourcing difficulties!!

My brother’s business spans Hungary and one of his clients or whatever owns the vineyard. Anyways he’s over there now for 90 days, very complex covid rules as they don’t recognise the Brit vax pass card. They still have communist protocols so to get dual citizenship you gotta be there to be available in an instant.

Budapest is fab you get 5g free on the underground with driverless trains 100% on time and then you have to attend in person at the post office to sign for any official docs! If you miss the slot it could be an age before it’s reprocessed!

Gosh doing G£Ts now. I’m sticking to wine. They’re watching TV. shh QE anyone! Lol!

Trek

£5

“Any of you wine buffs like Portuguese vinho?”

Unbelievable, just had a nice BBQ with family and thought I’d check in on SP. No idea where it had finished. Lol!

Apologies haven’t read all posts and after two bottles of Campo I see a pertinent question....mmm....

Well Hungarian wine I do know, ‘Bulls Blood’ is probably one of the best known obscure secrets if that makes sense. But as for Portugal, I don’t know of any but given that the finest ports, fortified wines, come from there then surely there must be some excellent wine pickings....

Hic! Can’t help the lateral thinking v sorry!

I’m on cooking and washing up duty so back to the copious amounts of dishes, how do they do it! and another sly slurp of campo, orange of course, whilst Mrs Trek entertains and yaps on overdrive, three subjects simultaneously and I have no idea how she keeps everyone entertained.

Meanwhile Trek is the active cook, helper, cleaner up er’ drinks magician and has a head full of knowledge and sht that no one else is remotely interested in!

Will the Fed taper?

Sorry. What’s a Fed, what’s a taper?

Doh! hawkish?

Are you on something.

No just Campo!

Is that why I am always in the kitchen at parties. lol!

Until it comes to pay day of course!

You buy stuff and it goes up. What’s so difficult!

Well to be fair after a few recent scares & Mrs Trek and fly are getting it!

Apparently we now have LGBT & QE so I am catered for!!

Back to the party!

Love you all,

but I love everybody now?

no I love everybody anyway..!!

Trek

£5

May 13th 2021....

“By Jaime Llinares Taboada

Pure Gold Mining Inc. said Thursday that the ramp-up of its Canadian mine is going well in the second quarter, with gold grades and ore production rates increasing as workers open up the mine and access the heart of the deposit.

The Toronto- and London-listed mining company said gold grades have risen to an average of 6.3 grams per metric ton in the three weeks to May 10. In addition, ore production rates have increased to 459 tons a day. The group wants to achieve design capacity of 800 tons by mid-year.

"With the mine entering the final stages of ramp-up and commercial production imminent, our long-term goal of combining world-class exploration potential with a cash flowing mine is becoming very real," Chief Executive Darin Labrenz said.”

https://www.marketwatch.com/story/pure-gold-mining-says-canadian-mine-s-ramp-up-is-progressing-well-271620889014?mod=mw_quote_news

So 75p to sell 78p to buy atm on ii.

There has been TR1’s just a drift on low volumes but now we’ll below that £1.

So the market doesn’t believe DL and DL hasn’t given the market any news recently to allay any concerns. The Bod’s cred is tarnished by the director selling and then taking part in a placing at a lower SP that which they sold at, c$1.52, 88p

We are now well below the placing price and still silence.

I am a patient investor and DMOR here believing that this co is undervalued and will be a divi player of the future. Just give us a reason to prove us that we haven’t got it wrong else I will be putting my hands up and selling a decent holding here. Like patience hubris can also be the biggest shortcoming of investors!

Without an update how do we know which it’s is!

Trek

Just picked up 2k & 3k at a tad over 176p. Been top slicing elsewhere to add here. Getting in below the placing price is insanely cheap imo.

We obviously have a seller which imo presents an opportunity. Selling will end and then the growth will be factored back in. New baseline and all that.

For balance a few concerns

“The Company will also seek to rationalise certain of its partnerships to enable both strategic optionality and support a path to the US capital markets, including by way a dual listing.”

An update was requested at the last webinar. It’s still being looked at. Fortunately we have N+1 singer who I rate as the best Pharma broker. This will come when/if the time is right but perhaps the biggest concern by the market atm is the contract news...

In our interim results Oncimmune pointed to final contract negotiations for another NHS contract, well it was two deals by the end of their financial year.

Then from the placing RNS...

“The Company is pleased to report that it expects to sign this contract and for the commencement of the use of the EarlyCDT Lung blood test before the end of this financial year. ”

I am not surprised at delays but I expect we will get news soon. We also have the transformation underway to increase to 40000 samples per day from 10000. All fully financed.

Add to that and Biodesix’s sales force recruitment should now be delivering the quarter on quarter growth.

I don’t have concerns here and feel ONC also offers some macro shelter. You kinda can’t have it both ways a cheap entry and all the good news at once. Remember directors options also at £2.

And it’s great to have our own ‘scientist’ hstcks2 onboard! Welcome and 2 cracking posts thank you.

Trek

The royalty costs €565k with €150k upfront to achieve €325k annual royalty income.

So instead of that money going to Shell & Exxon it stays with PMG. The balance €415 will be paid using the annual royalty income, the difference of which will be achieved by doubling output! Thereafter 100% of that royalty income + the increase in output will be PMG’s.

What’s in it for Shell & Exxon, not much really they are just streamlining their balance sheets. The majors seem to be intent on removing any non core HC’s. This is part of the compelling investment case for selective small/midcap O&G ventures.

The market just hasn’t figured it out yet but when the increased revenue numbers come through the sector will rerate.

Usual caveats

Trek

Xerxes300 - I am familiar with the epoch 475-400 bc.

You can see a snapshot on this wonderful timeline. BC dates are RHS. Some may discount the content, but please respect this little url & it’s links are a lifetimes work for someone and it’s free..

https://aschmann.net/BibleChronology/

Anyways if you have to sleep on something the question is why and what are you sleeping on?

1..If it’s because you have too much cash here or you may need it quickly, or, you haven’t told your partner then nothing to sleep on, sell! At least sell to a position where you really don’t mind if it comes good or not. That’s common sense!

2..If you are sleeping on technical stuff, CoS, well holding up, wireline, no DST. Why no He results mid way, has the cement cured. Will the sandstone above the Karoo create the seal as in the South African wells. Then I get it! I have wet dreams like that as well! Lol! All solved by a bit of research then HOLD! Diamond hands!

3..It could be you are worried about left field. Will Al Shabab break across the border from Mozambique. They over ran Palma, Cabo Delgado province. Why stop at the border? I think the SADC will suppress the insurgents. Anyone invested should be aware of political risks no matter how far Rukwa is from the border! As for other risks perhaps DM himself. That’s a huge risk. Nuff said! And you can go right on to UFO’s pinching our Helium to get back home! Lol!!

So the question is what is it you need to sleep on. Some folks worry about 1, 2 and 3. Sounds like you.

Some fortunately worry about 2 and 3; now we are getting closer to responsible investing!

Some folk accept 2 as we have more than one chance and only keep an eye on 3!

That’s were I am. I sleep easy. I was concerned when DM was travelling & when the rig traveled from Mozambique!

As for being over leveraged. You betcha! I have a sht load in here but I have discussed it with my wife and she trusts me and she won’t hold it against me if it goes wrong for whatever reason. And if it goes right..well..

It’s then payback time! That means giving!

My investing story is unbelievable! I retired at 51 guided from a poor council house background! Grab hold of those dreams! DYOR. By all means use a BB as a source of info/ideas but make your own decisions!

The above is not investment advice.

This bit may help once you have invested, most DD discusses before you buy, that’s easy! After you bought is just as important!

Protect capital at all costs. No capital & you are out! So ensure you can always exit even at a loss!

Regularly check your pot will achieve your investment objectives over your timeline!

Usual caveats

Trek

£5

Hi Legalwolf, yes that’s mine. Took 50mins to show up here. Wasn’t cleared for a while. Still I got a good price. Will add again if it goes to 2p. Small cap copper is gonna be the macro leverage play imo.

Good luck with your investments

Trek

“The level of disclosed Short Interest in AVCT has changed materially.

Short Interest has moved from 0% on the previous trading day to 0.52% today. That is a movement of 0.52 percentage points.

Click here to see the full detail broken down by fund

This data is taken from the FCA and comprises all disclosed short positions above the 0.5% reporting threshold requirement.

Thanks,
The Research Tree team”

More opportunist than conviction or they may just be protecting a physical position which is sensible given the trend.

Things are not always as they seem.

Trek

https://wp-chesterfield-resources-plc-2019.s3.eu-west-2.amazonaws.com/media/2021/07/07171323/Chestefield-Prospectus-July-7-21.pdf

So total dilution including warrants = 22.26%

Warrants at 20p which is before full dilution kicks in. The extra warrants are a tad over 7% dilution.

You can look at this from many different aspects. My POV is firstly the intended dilution needs to be accretive I.e not solely opex. It needs to add value.

Based on the 10p placing the market is coming around to that. If you invest now and the company does grow as expected there is a huge cushion now below the 20p conversion price. The ATH is +16p.

Obviously warrants will only be converted if the company is successful but that’s a huge gap 10p to 20p but not in terms of mcap. That’s the leverage that Altius were explaining. It’s only a £9m increase in mcap to 20p!

Have a look at part 1 of the prospectus and even the pics explaining the VMS and most importantly historical finds should really excite folk here. That’s before Labrador which tbh does need a bit more work. The immediate upside is Cyprus which if the results come in could take us through 20m quickly and 50m mcap is a very real possibility this year even based on peer comparisons.

I am amazed that there are so few of the know ‘resource posters’ here. Yet.

Usual caveats

Trek

We have made a number of changes to our financial model, the main elements of which include:
?Coho start-up delayed from Q2 to late Q3 2021.
?Cascadura-1ST1 start-up delayed by a quarter to early Q2 2022.
?We have included Cascadura Deep-1 in our financial estimates for the first time, with start-up also expected in early Q2 2022.
?Some of the 2021 capex shifts into 2022 with additional capex also included for the hook-up of Cascadura Deep-1 and a four well drilling programme on Touchstone’s legacy oil portfolio in H2 2021 and H2 2022.
?2021 oil price assumption raised from US$55/bbl to US$60/bbl.
?Legacy oil production realised discount to Brent increased from 9% to 14%.

As a result of these changes our 2021 production forecast drops sharply, by 45% to 1,718 boepd. The revenue impact is moderated by our higher Brent oil price assumption and the fact that the production lost is lower realisation gas, but still falls 26% to US$18.7m.
Higher G&A and operating cost assumptions (which now include Ortoire production bonus payments) contribute to EBITDA declining from US$13m to US4.4m, and we now expect an after tax loss for the year of US$6.4m. Capex increases 11% to US$22m with the deferral of some Ortoire investment into 2022 offset by the increased activity on its legacy oil blocks in H2 2021.
For 2022, our production forecast rises 11% to 10,714 boepd due to the inclusion of the Cascadura Deep-1 well in our financial estimates for the first time plus some benefit of the legacy oil drilling in H2 2021. This drives a 12% increase in revenue to US$71m, with EBITDA increasing 5% to US$51m. Higher capex due to the hook-up of Cascadura Deep- 1 and a second four-well legacy oil drilling programme leaves end-2022 net cash at US$11m.
While there is a significant impact on 2021 estimates, the effect of the changes to our development assumptions have a smaller impact on NAV as this is deferred rather than lost cash flow. Overall, our risked-NAV falls 4% from 157p to 151p/sh, with the inclusion of the three next exploration prospects, improved LOA royalty terms, higher legacy oil investment, and a higher 2021 Brent price assumption mostly offsetting the start-up delays and a change in our £/$ exchange rate assumption from 1.35 to 1.40.

https://*********************/dashboard/PortalDownloadResearchNote?id=8_28425&token=eff66cff-8d8b-46a6-805f-587178bed606&partner=&whitelabelCompanyId=

I think it’s why we are down a tad. I topped up at 92p ish. Thought we were off again, however, buying now should be below the 4 well workover, Coho delivery and Royston spud. Pleanty of near term SP catalysts. Just depends on your view of near term.

Usual caveats

Trek

Strange my previous post not showing here nor my 500k buy.

Trek

Back in now having sold on the post IPO drift. Cash was always going to be an issue. I was hoping they’d prove up and sell to finance the big one. They may still offload Zambia later, China nearby, we’ll see.

Key now is the EGM, I think the funding will go through which makes this a good building point. In for 500k for now based on the Oz assets.

Good luck all

Trek

Come on guys, let’s chill. Forgive and move on. No last words shake and make up else Trek will put you both in the Salcombe Regis Fete’s three legged egg and spoon race!

Now ya wouldn’t like that much! Lol!

TD soon. DM is telling us all about mud, how the gas escapes through the bit and into the test gear. He’s told us they get consistent readouts. I mean they're so consistent he’s just carrying on to TD!

He’s on a mission to deliver on time and on budget. Hit those options x £5 each!

The guy has loads of confidence. That’s what we can celebrate now.

Sooo exciting!

Trek

£5

My order expired. If there is little liquidity they MM tends to ignore limit orders in favour of market best.

I picked up an extra 50k then couldn’t get any more on the countdown. It’s got my average down a tad but not too exciting. I was hoping for a break below 10p to add more. The good news came out earlier than I expected.

Tried to get some more today was 10.77 / 11.25 so I thought I’d wait a tad. I don’t see more news this week so have time. Will look again to buy later as have decided to move this one to my ‘significant list’. Been researching the BoD more so it will replace AVCT as one of my top 4 holdings. I also prefer Cu over Ag/Au for now, macro, electrification and all that.

I sold loads of AVCT today to protect gains, sorted the kids out and now have some funds to play with.

If anyone is interested I have been buying PMG and TXP recently. POO looking strong. Underinvestment in the sector, macro recovery and all that. Also added to my ONC as imo oversold atm and deals soon. Not a ramp, I have my own convictions and peeps here very capable of DYOR. Just sharing views on some stocks folk may never have heard of.

ATB

Trek

Just had a peek, someone else has my handle! Cheek! Anyways gone with TrekMadoneUK.

Think I will stick with LSE though as some v good posters here and a reasonably balanced BB.

Trek

A few covid stocks being made to walk the plank today. Some will hang on; those with other revenue avenues. Not looking good for testers atm though.

What’s next. Well therapeutics and long covid. The market may drag them in with the general drop short term but my money is the govt’s will have to close the vax loop with a treatment and a blood test.

Step up SNG if the phase 3/activ 2 comes in and also little old ONC on the long covid side.

The narrative will be expanded to if you do end up in hospital we can treat you and we can test you for ongoing potential health issues.

Lung damage could emerge as a long term issue, a sleeping ‘asbestosis’. Step up interferonB and earlyCDT lung.

A few covid plays will still emerge as winners others may have a dotcom moment!

Usual caveats

Trek

@Sharabel ...

I think I posted a reasonable explanation at 14.26.

In the same way a SP can find rising momentum on the anticipation of news the opposite is also true. That’s the herd mentality on AIM. For sure some true contrarians will hold or bet against momentum but many others follow the herd.

I reduced significantly to protect what I have. I can always add back in later even if I have to pay more.

I thought no RNS tomorrow and that’s another hit. A woolly RNS is another hit. No RNS Friday and then even if there is a decent one on Monday it will have to be good to get us back to 252 where I started offloading from.

Hope that helps to have an investors view that also considers the trading aspect as well.

Good luck with your investments

Trek

Just looked on PrimaryBid and two more days left to invest in Poolbeg IPO. I wonder if there has been a bit of selling recently to finance an IPO investment.

Some may be hoping for an initial spike to sell into as well.

I think once the IPO is away the SP here will find an appropriate level. Too much noise atm.

Usual caveats

Trek