Member Info for TrekMadone

Also given the go ahead in Scotland. This is a poor article but it does intimate orders pending. So not just international. I expect we will get further news of take up soon...

“The distribution company is set to launch the product with immediate effect and is hoping for a further rollout in the coming months - with the hope the tests could be used for airports, sports venues and businesses.

Scotland currently tests for coronavirus through PCR and lateral flow tests - which can take from hours to a few days to return a result.”

https://www.edinburghlive.co.uk/news/edinburgh-news/new-covid-test-gives-result-20286483

Trek

This is from end of March apologies if posted before. It looks the ‘The Brewery’ has moved on from a trial site to a test centre. I wonder if something similar gets set up for travel.

‘ICTL is set to open its doors for safe and fast COVID-19 screening in the City of London. Through ICTL, businesses can now arrange for their employees to be efficiently and safely screened for COVID-19 at the Brewery events space.

On arrival, people will be tested using the MHRA registered Virolens machine, which employs microscopic holographic imaging and artificial intelligence to detect the presence of the COVID-19 virus. It delivers a result within 20 seconds.

ICTL’s immediate launch has been made possible by already having a pool of trained staff and a proven operating model, derived from hosting trials of the Virolens machine. The ICTL website is now open for bookings and business enquiries.

ICTL marketing director, Simon Lockwood, said: “Instant Covid Tests London is using Government-registered Virolens technology to allow many of London’s workers to safely return to their offices and workplaces. The technology is the first of its kind and a breakthrough in the battle against COVID-19.

“We’re proud to have used the Brewery events space to set up ICTL’s first test centre, which now offers our neighbouring workplaces a fast-track return to normality.

“We welcome enquiries from local businesses and individuals seeking immediate and highly-accurate COVID-19 test results delivered by trained and experienced diagnostics support staff.”

iAbra founder, Greg Compton, added: “The Virolens technology is ground-breaking in its approach to screening for the virus. Whereas most COVID-19 testing technologies are based on chemistry, Virolens is based on physics.

“It successfully utilises artificial intelligence to image and identify the presence of a virus at a microscopic level in just seconds, without the need for a laboratory. This is a major step forward in the fight against COVID-19."

https://www.med-technews.com/news/Covid-19-Medtech-News/city-of-london-20-second-covid-19-screening-tests-to-launch/

Trek

And from a charting perspective there could be a handle forming! Strong support at 102, Resistance is only 121.5 then 135 and then 145. Close above that and +160 opens up!

About time we had a chart pattern here!

Trek

Dear MAR team,

I have noticed an unusually high amount of cancelled trades on ticker ‘ECR’, listed on AIM this last week. Orders have been posted and then cancelled as can be seen by the negative sign on the attached screenshots. You can see the time stamps within seconds.

I do not have access to trades for the whole week but I am sure that information will be available to you.

Please can you check if this unusually high frequency of cancellations is an attempt at ‘spoofing’.

Kindest Regards,

Trek

Contact details

https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual

He probably gets his research here after the herd arrives! We have all pretty much made the case that given the astronomical upside on success every ISA should consider a punt even if it’s ‘only’ £100!

VRS - was my first ever 10 bagger. I don’t hold anymore.
CCL - was a buy in January
SUPP - no comment, not been on my radar.

So perhaps Mr Cowie’s timing is improving! Lol!

Trek

Starbuck that is one big Lol! Ian Cowie, renowned as the most boring pundit buying He1! That’s should get some octogenarian support on Monday!

I don’t suppose anyone can post the full article so we can all have a proper laugh!

Trek

Debt

Hi Persian,

“im looking for the "Live price for Gas Helium"

There is no wholesale commodity price for He like Henry Hub, Brent or WTI. Due to its scarcity prices are dealt between suppliers and wholesale and then onwards. It’s covered in one of the ppt’s.

IF we find commercial He then I expect that will change because there will be an on tap supply and we will be the swing producer and set prices globally. DM has explained this in one of the interviews

Prae,

The dilution of 20% undoubtedly contributed to the SP decline. However, we are still on a peer basis undervalued. IMO this will go to +23p pre drill. I have posted examples before.

Re the OTC markets. This is a helpful video

https://youtu.be/tP7Usj_NsLo

It touches on the price disparity.

Trek

“......I can't help wondering why Craig would do a fund raise shortly before assay results are due?”

I guess because there is potential upside for the investor. If the results are not good and you then raise the company looses. This is more shared risk.

If the results are good sure you raise at a higher SP but it may not be that much more as they’d still want a discount or you may be raising for something different, like another target which will have a different risk. It can also mean a delay before raising.

Pro’s and cons with both.

We will soon see if it was worth it, actually, either way!

Trek

Alan,

Go rethink your strategy.

This is absolute bllx...

‘The first is never to place any bargain in the first or last half hour of market hours. MM’s are setting out their stall and trying to find the price to buy and sell at the beginning of the day so that they have consistent pressure and in the last half hour as they close their books and prepare for a new day.’

Go and read the guidelines on the London Stock Exchange site. Get to grips with the basics of Mifid 2 and understand how level 2 works.

The first half hour can be the most lucrative.

Here’s an example from today. PUR closed up 12.9% on TSX yesterday and yet opened up 0.5% on LSE today. That’s even after CAD/GBP exchange rate. PUR went on to close up 13.5% today! It’s main listing is TSX. Sleepy MM easy money!

Or look at how many RNS spikes you can sell into on good news or on bad news even send NT and beat the rush to dump!

Gosh the list is endless! IMVHO you believe what ‘they’ want you to believe. Go field trial!

Trek

Following an over 100% oversubscribed placing....

‘Hopefully the people that were cut back take their opportunity to buy on market’ DM.

Well done DM great interview. You have made it clear that presenting it is not your thing. We are all different. You have done a great job facing those camera’s. For sure you are a CEO so just get on with it and all that but nonetheless amongst your stress comes through honesty and enthusiasm.

If it was a polygraph you’d be through with flying colours whilst ot(eras more flamboyant come up well short. Well done you. Don’t loose that style. It’s yours!

Now you and the team give us a heads up on those seismics!

Trek

Here’s Malcy! As the axe breaks through the bathroom door! Lol!

“Helium One Global
HE1 has announced that it has raised £10m at 10p per share with institutional and other investors, including the directors. The Fundraise Shares being issued represent a substantial 20.0%. of the existing issued ordinary share capital of the Company. The Issue Price represents a chunky 14.5% discount to the closing mid-market price on AIM on 15 April 2021 and a 6.4 per cent. discount to the 15 day VWAP to that date suggesting another issue that had leaked. Having said that the shares have performed very strongly and the temptation to use that strength would have been impossible to resist.

Funds will be used to continue the fast-track development programme of the Company’s Rukwa project in Tanzania and proceeds will enable the Company to save significant time and costs by keeping drilling equipment in the field to carry out appraisal work immediately following intended exploration success which makes a lot of sense. Proceeds will also allow contracting of 3D seismic over any discovery, maximising resource to reserve conversion and allowing completion of the majority of the field appraisal programme before the end of 2021.”

Nice weekend all!

I read once to own one share directly puts us in like the wealthiest 5% of the world’s population!

That can’t be bad.

Usual caveats!

Trek

JTB. That is correct re spoofing.

I posted earlier about cancelled trades in jest saying folk had changed their minds following my posts! Lol!

A negative in front of the trade means it has been cancelled. That is posted and pulled.

JPM were fined $920m for spoofing recently. It is a serious offence. One that was common place on the PM markets hence in part leading to Basel 3 to ensure hedging will be backed by physical assets.

For it to happen so REGULARLY on a stock like this is very unusual. I can only suggest that someone(s) trying to force the price down to load up. I very much doubt this is a broker or MM play they should know better. I suspect it’s a major holder in the know with L2 posting sells cancelling them and then trying to buy lower.

When I get time the weekend I will write to the nomad and MAR and have them take a look.

And if mr keyboard cancel warrior is reading this.....go sht yourself!!!

Usual caveats.

Trek

Thanks Boombaby,

What a turnaround here! I hope folk took advantage of the dip that could have been the last chance of 70’s!

Once I am evens I need to unload a few. No other reason than averaging down like this means you increase a position sometimes to more than one is comfortable with.

I hope to leave my original stake here for long term as need the rest for elsewhere once we see 90’s.

GLA

Trek

Lol like I said I topped up HE1 yesterday, today they placed! Not worried though it’s what they do with the cash and if it is accretive. Bit like here. I think buying below 88p is looking better all the time now.

For sure there may be a pull back but it looks like we are not going to 60’s which makes 70/80’s a buy zone ahead of news.

Usual caveats

Trek

AEX’s issues cannot be blamed on Tanzania. I was invested there years ago and sold out over their finances and failure to do deals.

Interestingly the government updated its own guidelines Jan 2020. This is the withdrawn version...

https://www.gov.uk/government/publications/exporting-to-tanzania/exporting-to-tanzania

However, the bit I like that is still relevant is .....

“Large mining projects include:

gold, iron, silver, copper, platinum, nickel and tin in the north of the country
high quality graphene in the south of the country
rare earths in the west.

There are small and medium scale mines for gemstones such as diamonds, tanzanite, ruby, garnet, emerald, alexandrite and sapphire.

Other resources include:

# the large deposits of coal
# large reserves of helium
# uranium”

Large reserves of helium. Note the word reserves, probably used ‘inadvertently’ but the point is Helium is recognised as being there!

You can google companies doing business in Tanzania. You can even if you can be bothered read the risks in the prospectus that are clearly set out together with several named big companies doing business there.

OR....

More importantly you can observe how our CEO addresses those risks. He moved his family out there. Did some serious networking and got things done on the ground with community, local govt and national govt support. No wonder the PM mentions helium!

You can bet he has a list of contacts now on his phone!

You can even listen to the core interview where he said he is looking for people that have the skills to run a business at scale. Yes he is looking further ahead than 10p. The cash is a means to an end or you can think because life was difficult for AEX it will be sh*t for everyone else there.

DYOR!

Trek

Noob,

We will never know. True. But we do know that 20% of the shares are highly likely pegged at 10p now. That’s less incentive for sub 10p holders to sell now not more.

This SP could have dropped to 10.5p today and we’d have just accepted it as normal vix. But now we have an update, a plan beyond the expo drills and finance!

ST,

For sure. But it is also surprising that this is listed at all. I am not even a fan of primary bid. The timescales are ridiculous unless you have like £5k always sat in your current account. IMO it should always be a RI, like DCTA/SNG did on AIM so PI’s had same terms and time to fund but it is what it is.

I am as annoyed as the rest at that but those are the rules and had we been invited it would likely take longer and cost more. DM is not hanging around!

Anyway according to many here you can soon get in at 10p or less!

Trek

‘.....that maybe 10p will be here for a while or even lower, is it a possibility?’

We do not know who the clients are they have’nt committed yet. What we can surmise is CG and Peterhouse have them on book. HNW individual’s and institutional investors will be know to them to such an extent they agreed 10m and took payment In warrants with a 2 year sales period.

It’s like agreeing to sell a 100 widgets. You get to keep 6% but you only get paid over 2 years and they have to appreciate 40% before you can sell them!

Not a bad deal that for HE1... they get the cash!

For sure there are HNW placing junkies. They list with brokers, take part in placings and sell immediately for a quick profit.

Once those are out the way there will be others investors for different timeframes and different reasons.

You can’t buy 1m of these easily on the open market. The placing is an opportunity for some investors to get a scale investment.

So the SP could stick at 10.5p, but the end of April could also see news and any selling may offer welcome liquidity.

Not all placings go below the placing price. These recent ones didn’t.

POLRX, ONC, KMK, TXP and ECR is holding up where I am heavily invested. There are also many that did. Like SNG or like AVCT, LND and WSG which dipped and have since come back above.

I used to read the majority of AIM RNS’s everyday to keep up but I don’t need to now.

IMO this is a smart move. Buying around 12p will be pretty safe and the opportunities to derisk, if that’s your plan are still ahead of us. Or you can let it ride. Lots of high impact options.

Furthermore, The Tanzania authorities will know we have cash and a top driller. That also derisks the EA as we are not likely to go bust mid drill. IMO game well and truly on! The market will soon catch up!

Usual caveats

Trek

28jar....

I though same and checked the prospectus. The directors have skin in game, they and seed investors are locked in for two years from IPO!

They don’t all have loads of cash to chuck in. This is a real opportunity for them same as us.

If anything I think seed investors will be peed that there was no lock-in for this placing other than for brokers and Lorna.

The lock-in and orderly market terms are a real vote of confidence

Trek

Companies list on AIM to raise cash. Why are some folk surprised when they do?

A recent placing at ONC was actually at a premium to the SP, oversubscribed and in a short time a distant memory. That’s after the CEO said they were fully funded, but then an opportunity came up for growth.

You have to pick your investments accordingly, I have avoided several based on financials. It’s not the raise that’s an issue it’s what they raise for and what they deliver or hope to deliver and the chance of success.

ONC has a great bod with aggressive growth prospects. A bit like here. DM is looking beyond the drill results...

Surprised no one notes this....

“...... additional funds raised at this time will now enable the Company to contract the drill rig to allow appraisal drilling to take place immediately following the anticipated exploration success. ”

‘Anticipated exploration success’.... IMO that statement was a 10m pitch!

Like I have posted before and given other examples on a wholly successful campaign a £3-£4 sp. 10m is peanuts IF they deliver!

Here’s a thing they will be placing again. I hope to have 1m shares by then. Come on 10p! Lol!

Usual caveats

Trek