Member Info for TrekMadone

I topped up yesterday but am absolutely delighted with the placing. 10m at 10p is a huge vote of confidence. CG are dealing with it. They have clients but reading the RNS the shares have not been sold yet. They have stock at 10p to match to clients. Furthermore, the shares cannot be sold below 10p.

‘Participation in the Placing will only be available to persons who may lawfully be, and are, invited by Canaccord Genuity to participate. Canaccord Genuity and any of its respective affiliates are entitled to participate in the Placing as principal.

The final number of Placing Shares to be placed and the price at which each Placing Share is to be placed will be agreed by Canaccord Genuity and the Company (the "Placing Price"). The Placing Price is payable to Canaccord Genuity by all Placees (as agent of the Company).

Each Placee's allocation of Placing Shares will be determined by Canaccord Genuity in its discretion and will be confirmed orally or in writing (which can include email) by Canaccord Genuity. That oral or written confirmation will give rise to an irrevocable, legally binding commitment by that person (who at that point becomes a Placee), in favour of the Company and Canaccord Genuity, under which it agrees to acquire the number of Placing Shares allocated to the Placee at the Placing Price and otherwise on the terms and subject to the conditions set out in this document and in accordance with the Articles. Except with Canaccord Genuity's written consent, such commitment will not be capable of variation or revocation at the time at which it is submitted.’

The company has taken an amazing step here to grab cash at a decent price ahead of drilling. They have been clear the drill is funded. Now appraisal is funded.

Note also company options, Lorna is in for 3m at 10p, subject to performance and over 5 years!

The only warrants are for broker fees these are at 14p 2years FROM the date of admission!

This is not a lifestyle placing with BOGOFFF warrants endemic in the mining sector!

You gotta look beyond your initial reaction and the market reaction and ask why folk have put cash up here for a longer term. Is it VFM. Does is add to my investment COS and is it likely accretive over the longer term. But most importantly do you think the BoD are doing the right thing and boxing clever for shareholders, investors.

Mine in an unequivocal yes. I also think there would have been a carrot here for these terms as the price is substantially over the IPO. Obviously we will never know but my money is on alluding to some great Seismic results that show potential well anomaly’s and traps synonymous with the African Rift Valley geo’s.

This could have stayed as a private company and easily secured funding. I think it’s a pretty rare opportunity for something like this at such an early stage to be listed.

Mmmmmm

Wish I waited a day to add but that how it goes!

Usual caveats

Trek

C$1.40 close TSX. Up 12.9%. 81p.

Very positive move. Low 70’s oversold, obviously lifted by POG but hoping we get to 88p soon then claw our way out of here!

Anyone buying. Not advice but worth considering averaging in in 70’s, then 80’s and keep some cover just in case.

Too late for me I am expecting a bounce at HE1 ahead of the drill but I have got my average here to 90.7p now so should be ok.

Trek

TTS01,

In AFR RNS 23 Mar 21...

“.....The Company intends to holds its annual general meeting at 9am on 19 April 2021 at Chester House, 81-83 Fulham High Street, Fulham Green, London SW6 3JA. As a result of the current crisis of COVID-19 and the UK Government’s restrictions on public gatherings, the holding of the Company’s AGM will be facilitated by the Company to ensure a quorum is present. Shareholders should therefore not attend the meeting in person and instead are strongly encouraged to submit their proxy vote, appointing the Chairman of the meeting as their proxy to ensure that their votes are registered. This can be done by completing their form of proxy which must be received before the proxy voting deadline of 9.00 a.m. on 15 April 2021.”

Strange thing is not many investors read the AFR. I would recommend investors reading the whole PDF on the company website as it contains the strategic review which is not covered in the RNS but only referred to.

It also sets out the drill targets in Bailieston and next targets of either Cherry Tree or Blue Moon when the rig moves to Creswick.

Trek

284.5 ATH.

If it gets to 275, our closing high then that is a very strong indication.

Folk will look to buy back in up to the highs when buying rumour, if it goes above that in a session like this with decent volume then it’s leaky imo.

Usual caveats

Trek

You couldn’t make it up. I thought shall I add at AVCT, here or HE1.

Chucked it into HE1 15 mins ago!

Mind you HE1 will do very well but it’s just the timing. You really couldn’t make it up!

Trek

Yep back on now can sell 1m can buy 300k in one transaction.

It did the same yesterday and Monday when I looked for about 10mins no stock.

It’s like they have to flipping instant message each other to fill the hoppers back up or ring the broker to get some surplus.

I just get a feeling we are clearing through an overhang fairly quickly. I mean I have now doubled my holdings and many others have also been buying.

One decent RNS and I think we could take a big skip forward on liquidity alone.

Usual caveats

Trek

Can sell 500k in one lump on ii. Can’t even buy 10k!

That’s gotta be a sign....

Can anyone else get a direct quote to buy?

Trek

I don’t get the point of stock market rules if hedge funds and activists don’t have to follow them.

I have raised this before with the MAR team and they put it down to a ‘training issue’.

All one as bad as the other - charlatan’s !

Trek

There are support lines at 70p then 80p then 100p. If we hold above 70, it’s 80 then hold 80’s and it’s 100.

If 70p fails us by more than an intra day drop it looks like 50p for the next line of decent support.

I averaged down at 76. I saw the bounce and got suckered! It was a false bounce or early test. Thing is though you don’t know until after.

My rationale was the 88p strike price. Get below that then I should be ok. And I though it was going to climb back to the 80’s

It may play out like that but I am not now buying anymore unless it hits 60’s or sticks in low 70’s, treading water.

I traded this down pretty well by selling and buying back lower several times.

I am hoping we can soon do the same back up. 130|135 is where I still see value here.

Usual caveats

Trek

Hi JTurkas,

Was covered 7th April, extract from my post 10:33. Another poster found what I think was a tweet.

“This is funded, has government support; President Samia Suluhu Hassan even said, quote ‘.....and Helium” in her speech about corporate reforms. I mean it’s like Bojo talking about mining and saying and Bauxite or something obscure! ....”

There has been lots of repeat research here recently which is great as it helps new holders as the BB is getting busier which is also great as it means the stock is in demand so the SP ‘should’ go up!

Trek

“ Does anyone happen to know if DCTA has ever had any legal tussles with Haydale because they seem to be often doing the same things?”

No. Last time I looked at Haydale probably 2 years ago they were a consultancy and didn’t make graphene. That may have changed but certainly no legals.

All dcta work is patented and in a different class.

I’ve been here for over two years. Watching waiting accumulating!

Trek

Jsmith,

‘... if everyone was expecting this rocket off the back of a JV announcement? if no JV materialises how will the sp rise through the ranks?’

I DO NOT EXPECT A JV IMMINENTLY...

I think it’s always on the table and if it materialised all well and good but it seems that terms cannot be agreed.

A JORC on Bailieston will show what we are capable of and what’s there... you can’t argue with that.

Further drilling on Creswick with more full bag assays will show off the nuggety extensions and underline value

License additions or extensions will also help.

As will cash to contribute and perhaps another drill

All those factors are probably being used against us during a negotiation so fix them.

I don’t think the market expects a JV yet else we’d be well over 4p!

My average across two ISA’s is now below 3p.

I sold elsewhere to add here. There isn’t much I don’t know that’s in the public domain from a PI’s dyor perspective about this investment to make me think it won’t win over 2 years, substantially! Make of that whatever you will.

Usual caveats

Trek

Ever reread your own post then bought? Lol!

That’s another 250k from me! Will show in a mo. Got my manic magic 2m!

I was buying at 3.7 so happy to add now with more cash on books.

Time to switch off now and await news.

Trek

I posted earlier what the money is for. It’s actually in the RNS.

Re the placement comms, now that could have been better. Here is an extract from ONC placing RNS. Dr Hill was adamant that they didn't need to raise. It was recorded as recently as their Feb results. It’s on the proactive interviews etc..... then they placed....!

‘Dr Adam M Hill, CEO of Oncimmune said: "Whilst Oncimmune is already funded to meet previous market expectations, it has become clear that an exciting opportunity exists to deploy additional capital to accelerate the growth of the ImmunoINSIGHTS business in the near term.....’

So it happens. The ONC placing was over subscribed was at a premium and now the SP is at ATH’s. That was a Carlsberg placing but it’s a different risk sphere.

There is no reason why that SP reaction can’t happen here. We are faced with similar ‘acceleration’ opportunities... the landscape has changed, the BoD have reacted to opportunity.

Granted CB’s style is a little more guarded with a good dose of hubris based on a ‘been there done it’ approach and he seems to expect shareholders, sorry investors to trust him and he will deliver increased shareholder value over a reasonable time.

The SP is at a premium to all previous placings and the subsequent dip that followed. I am accumulating as I think we will get through the remaining warrants and see ATH’s in a few months. Basically a repeat of other placings over time and eventually with a JORC resource at Bailieston and the drill (or two) spinning at Creswick.

CB is different to Adam HIll and different to other CEO’s he is cut from hessian as opposed to silk! But the job will get done! And there will be other placings!

Question is do you think it’s a buy/average down price. Do you want to wait for more news and pay a higher or lower price or do you think silence is a sell?

Welcome to the higher risk end of investing,

I have decided; I am not 100% comfortable but comfortable enough to back CB and his track record with a 2 year timespan for me.

Usual caveats

Trek

Great presentation. It’s why I bought in in the first place. Then I look at what has been delivered and it’s like a different company!

The overbreaking due to blasting techniques was a schoolboy error! The ops update have addressed my concerns and the mill has been commissioned now, realistically we expected teething problems just not the BoD obfuscation!

The heading of this post is very apt.

It they have indeed sorted the ops issues out and we really have no reason to doubt that and they have delivered phase 1 production that’s a FCF of $1.0bn/yr pre tax!

I take it Phase 1 starts from this April and now runs for two years producing at 800tpd with weekly pours and tpd increasing in H221 and phase 2 starting in 2023 with phase 2 development kicking in in H221 with installation and commissioning of new mill initiatives. My interpretation of slide 8/9.

Even with nearly an extra 50m shares fully diluted we should be throwing off cash pretty soon during phase 1 and soon be able to pay a divi. I wish

I can’t think to phase 3 atm other than this really should be a cash cow from here.

So to buy or not. Well IF the presentation is to be delivered then it’s a yes even against the falling SP. Of course it depends how long you can hold for but one good set of numbers and this could rise significantly back up!

Technically (TA) it could dip below all supports to 50p before recovering but I still see it coming back to the 135 range fairly quickly and don’t think it will go much lower.

I have decided to average down in two lots one soon then I will wait. The thing that bothers me here is it’s usually ok to buy but difficult to sell. I hate sending trades to the broker even with a limit order!

Usual caveats

Trek

I have posted this before. For predictions best to look for SP comparisons as the market can repeat behaviours and take it from there.

For this phase with punters taking a position ahead of a transformational drill look at the chart of BPC from sept 2010 to Feb 2011 3p to 25p!

They were targeting billions of barrels of oil but never drilled then due to finance, licence approvals, EA etc and fell back down again.

We have finance and are just waiting seismological analytics and environmentals. We have a drill lined up and funded BPC didn’t.

This is going to 24p pre drill minimum based on history repeating the same SP multiples.

Then look at TXP, in a little over a year from 11p to 175p high. SP dipped as Chinook didn’t deliver but has today picked up on cascadura EWT.

Now even if you say TXP get 3TCF of gas from their three wells, they won’t but it’s an illustration.

HE1 are targeting 13TCF equivalent! We have to raise, or farm down £50m, more than twice the capex of TXP who are funded from placing and other ops but the comparison is there.

If there is a seal on Rukwa and commercial He, it’s pretty certain the other wells, with salt seals will be hugely derisked..

If Rukwa isn’t commercial then we still have other wells. We know the He is there in quantity, we know we have the technology to drill it’s a case of pinning down the seismics and the trap.

If Rukwa comes in I have posted before £3-£4 fully diluted.

Lots of ifs but with a potential +50 bagger you can see why punters want a dabble in their ISA’s!

Usual caveats

Trek

Going to £3. Relentless buying for this stock and yet hardly any posts here. I don’t know about ADVFN as cant stand the site but it just seems odd. We have come from 60p to here in a little over a year with hard deals and solid fundamentals and yet still quiet especially when you compare to likes of ORPH and DDDD. Weird!

Mind you I have just about given up posting on HE1 now as it’s getting mad so perhaps relative silence is bliss!

Trek

See those 4 large early trades with minus in front of them.

-250000
-500000
-500000
-750000

For those that don’t know they are cancelled sell orders. Someone(s) placed them then changed their mind and hit the cancel button on the trades or called broker to cancel.

They obviously read my posts the weekend, panicked and changed their minds! Lol!

Trek

62958 shares at 2.344 actually didn’t take long with the MM. Not a bad price. Hopefully some liquidity soon as wanna average down....

like I said these are the prices from previous placings. Look at the SP now. The previous placing prices seems to have been great entry points so I am getting my average close to them and staying below the 3.75.

9-Apr-21. 2.2p 3.75p wars
21-Jul-20. 1.3p 2.1p wars
6-Aug-20. 0.5p 1p wars
17-Dec-18. 0.7p 1.125 & 1p wars.
11-Jul-18. 1.125p and 1.5p wars

Trek

Just sent it for deal at best on ii as looks like sp may stay down a while. It’s ‘only’ £1483 I’m just chucking whatever I can in here now at this price.

Trek