Member Info for TrekMadone

“It seems to be totally ignored by inexperienced punters that someone is buying their shares like mad too! If there was a grain of truth in environmentalists' claims ,there would not be so many buyers of BPC shares right now.......”

Yes and I wouldn’t be surprised if it was the environmentalists, their cronies and friends doing the buying. Especially those with inside knowledge. We’ve seen the double standards with ignoring planning permission for one’s yacht and diverting beach sands... This could just be a perfect sting.

Point made, money made, next venture funded. Keep below notifiable thresholds or use CFD’s. No one will know. Claim the moral high ground, hundreds of thousands made!

Bet ya there’s some playing it! Lol!

Trek

Just back from a nice walk on the moors and see my buy still not filled. Oh well wishful thinking.

The market seems to be pricing this as ‘application, stamp, review, debate, appeal, debate, review, decision, notice served’ etc etc all happening like by close of play today!!

The first part will be let’s talk about grounds for applications outside of the 6 months timescales.

Gosh it’s taken BPC ten years to get this far and it seems that some peeps think it’ll be stopped in 10 minutes! Lol!

The fact that this is happening and getting news coverage and and hitting a companies share price is probably the realistic victory they were looking for. They have made a point and will continue to make some noise. Oil exploration is back on the agenda. Global warming is rightly on the agenda. It’s just some have different agendas when it comes to addressing it.

Meanwhile the realities of a struggling economy and the need to borrow more and tax more are what’s probably of more concern to the majority of Bahamian’s.

Gonna be more twists and turns yet. Fascinating!

Trek

Hi Ross,

In cash and purgatory. Good luck with the FOMO. Personally in this situation I find it pays to keep a foot in the door coz then you can average up or average down. But different views are what make a market.

Anyways like the Govt are going to say to the world we spent years getting all those regs and world class safety standards in place and we screwed it up. Not only are we closed to tourism from covid but we are also now closed to business.

The Bahamas would be a laughingstock if the allow their system to be threatened like this. What’s next no flights? No roads? Divert shipping lanes. You see law sets precedence. Precedence can come back and bite you they will be well aware of the big picture and setting a dangerous precedent.

Best buying opportunity on the market atm imo.

Usual caveats

Trek

Ross,

At least you can make your own mind up and act accordingly unlike so many here! I have a different view not that it matters.

I think the due process will take time. Time enough for ops to be well underway. Familiarity will preside and the appeal will be kicked out.

I have some powder dry to pick up some of your shares. Ironically one could make more now than on the anticipation of spud. Or indeed loose more but I am genuinely playing with money that I fortunately can afford to loose or let it sit for another decade!

Absolutely amazing twists and turns to this story. What a ride!

Good luck with your investments.

Trek

I must say I didn’t expect it to clear 3p so readily. It’s had a good run up from sub 2p in days. I like many have averaged up but I expected traders to sell into +3p. Looks like folk are happy holding.

I am not expecting JV news this year. Obviously it’s a guess but I would want to see all the options on the table before deciding anything so that will take a bit of time and I doubt NM will be in a position to offer anything this year.

Trek

BPC valuation - at this point it’s vague but imo this is the traders buyzone. Why?

Well my view is predicated on the ‘ONLY invest what you can afford loose ethos’.

So anyone invested is willing to write off that investment. Well we all say that but few mean it!!

Hence it’s why the SP is where it is now. Down!!!

As those ‘invest only what you can afford to loose’ folk are now selling!

Not me! I sold my trading pot when we were going up in anticipation of a pull back. I just didn’t expect this bonanza!

That ‘only invest what you can afford to loose’ philosophy has now been weighted to the downside by the outside chance of a court case. I totally get it!

So you see most people that say one thing, now confronted by additional risk are not actually prepared to loose what they have invested. They are the ones that are selling!!!!

Peeps saying Trek is ‘smug’. Fair comment. Everyone is entitled to a view. But may I point out to you that my buying back in at this juncture is propping up or at least helping to move the SP up!!!

Or perhaps you now wish I stopped buying? Sure it’s easy to buy when the SP is rocketing a penny at a time through 3, 4, 5p!

But actually Trek is buying now when the SP needs support and it can still go lower. Isn’t that also risky?

Sure I’m smug as again I have more free shares having sold and bought back. But if it goes lower I still loose!!

But in terms of smugness, if there is a measure. It’s probably a lot less on the ‘smug scale’ than those who would be ‘smug’ ramping a massive gain!!

The rampers always generate the loudest cacophony! Probably more so on the way down though!

But today Trek will enjoy a quiet moment of smugness, assuming it was a bounce off 2.5p else I will join you guys in collective....sigh!

Usual caveats,

Trek

Hello, as we go to break 270 resistance is there anybody here. Lol!

Trek

Please do not associate ECR with UFO. I could see the fall there as they were not financed. Granted I didn't predict the rise but I still wouldn’t touch em. Their assets are fragmented and not the best BoD or geo’s. They do NOT have the empowerment of ECR. They are hyped and now coming back to earth.

Everyone will have a different view and that’s fine. That’s mine. So there you go!

Trek

Spread is going out. Imo float is drying up!

Trek

Hi igrowmoney,

My strategy is to adapt to the data. Not have a fixed plan. That strategy can vary from share to share. E.g. TXP I sold the rise for a now free carry. BPC I have traded to a free carry selling half high buying back lower and repeating. SAVE I sold bought lower sold bought lower picking up more shares then eventually exited evens and bought more back lower. Loads more. It’s now my biggest holding as it’s on the floor and about to turn imo.. ECR I am buying sub 3p and intend to hold. I have kept buying as I see it as a winner and sold elsewhere to buy it.

Yes I use charts. Just as a data point but more importantly I read the RNS’s and map out the news. Then you can time your buys and sells. Look at Cobr, it will take off soon once the warrants have settled. If you were unaware how they work you could have bought at 3.5 and now be at 2.5. But if you are aware you know it’s now in the buyzone.

So it’s all hard work. Knowing one’s investments with DYOR and a bit of luck!

No magic bullet i’m afraid. I also get some wrong. If I do I just sell to protect capital and move that money to a winner. I’m also patient. Like here and DCTA. Sometimes things take time. You just need a decent foot in the door then when news comes you can if you wish average up.

Hope that helps.

Trek

3p will offer significant support for a while now. Why? People do round number barriers. Having seen that the SP can break 3p those in under with cash or options to flip from elsewhere will buy the dip below 3p (I’m going to).

Those on the sidelines looking for an entry will try and get in having seen that it is capable of going higher.

Those selling will wait to grab 3p knowing it’s a recent high, hence providing liquidity.

Of course news can change everything but this is a fascinating, hopefully, short term juncture. Lets watch the battle of the buys v sells play out. Wonder how long it will last!

I know which one my money is on! Lol!

Trek

It’s a perfect storm. POG, great prospects and warrant holders/seller providing liquidity to lots of buyers. Once the sell side drys up it will rerate to a new level. Those traders buying sub 3p now will probably sell into the next news for a decent profit and then move their pot to another target.

That’s what I often do but I have decided to hang on to this one. It’s not like a wildcat drill. We know assets are there. It’s just a case of finding the sweet spot. There is no death spiral finance. We have the money and JV options. Those are usually catalysts to sell into early news.

I usually hold some trade some but just going to hug these until something causes me to change my mind. Like many the winners on GGP have mostly been those that have hung on. I have no plans to sell their either!

Usual caveats,

Trek

Astonished - sold trading pot at 3 to 3.2 and just bought the last of em back today!

Surely this can’t continue!

Trek

His options are open to the right offer. My view is JV Creswick get the drill spinning on Bailieston. Prove up then you get better terms for JV. Go for a JV that minimises dilution for shareholders but still makes us millionaires like the neighbours!!

Remember we are going below the water table with new technologies in an area that has been producing shallow gold since 1800’s! And we are funded. We have a workshop, a XRF to do our own assays and a diamond drill capable of 1300m which is better that RC drilling. All the necessary permitting is in place. We even have spares for the rig. That’s before we mention our experienced drill team and local geo.

With the machinery we can label and post assays to anywhere in the world that has lab space.

This is not a news then quiet spell investment. It’s gonna be full on with much of it in our own hands.

Sure JV Creswick and let someone else do the heavy lifting but wait until we have results for Bailieston to get the best deal. Hand it over them pick up another target in Tambo and repeat.

If every there was a low risk high risk speculative gold play. If there is such a thing, surely this is it! These don’t come along that often especially in the Victoria Gold Fields!

Usual caveats,

Trek

“Hi trek is there a withholding tax on divis like dgoc have?”

Not as far as I am aware. For DGOC you have to sign a form to buy on ii for tax. I didn’t have to for GLO.

Trek

Part 1

Cobr warrant conversion RNS 27th Oct 2020...

“The Company wishes to advise that the accelerator clauses governing warrants associated with the IPO Placing Warrants issued on 12 November 2018;....

(12 November warrants from page 84 of prospectus....

3.7 Save as set out below, the Company does not have any convertible securities, exchangeable securities or securities with warrants currently in issue:

(a) on 12 November 2018, a total of 25,000,000 Pre-IPO Warrants were issued to investors in a private placing, of which all 25,000,000 Pre-IPO Warrants are still in issue. The Pre- IPO Warrants are exercisable at a price of 2 pence per Ordinary Share and are exercisable at any time up to 15 November 2021;

(b) on 12 November 2018, 34,900,000 Investor Warrants were issued to investors in connection with the IPO, of which 34,384,848 Investor Warrants are still in issue. The Investor Warrants are exercisable at a price of 2 pence per Ordinary Share and are exercisable at any time up to 15 November 2021;

(c) on 12 November 2018, 3,451,916 Adviser Warrants were issued to advisers in connection with the IPO, of which all 3,451,916 Adviser Warrants are still in issue. The Adviser Warrants are exercisable at a price of 2 pence per Ordinary Share and are exercisable at any time up to 15 November 2021;)

and the Placing Warrants issued on 13 January 2020, have now been triggered...

(Continued from Page 84.......

(d) on 16 January 2020, 35,194,375 2020 Placing Warrants were issued to participants in the placing on the January 2020 Re-admission, of which 33,194,375 2020 Placing Warrants are still in issue. The 2020 Placing Warrants are exercisable at a price of 2 pence per Ordinary Share and are exercisable at any time until 15 January 2023;

(e) on 16 January 2020, 60,600 2020 Adviser Warrants were issued to participants in the placing on the January 2020 Re-admission, of which all 60,600 2020 Adviser Warrants are still in issue. The 2020 Adviser Warrants are exercisable at a price of 2 pence per Ordinary Share and are exercisable at any time until 15 January 2023;)

Part 2,

we know from the T&C’s in 8.6 that the dates to convert are up to..so many of the warrants had already been converted. Many of these were probably sold in the run up to 3.5p... with a 3p 5day VWAP why wait for the accelerator which would obviously force the price down short term.

Since the accelerator the listing announcements required to cover the warrant conversions are....

7 Dec up to 10m
26th Nov up to 7.5m
23rd Nov up to 5m
10th Nov up to 10m (1.75m listed)
10th Nov up to 10m
4th No Block listing......”For administrative purposes, application has also been made to The UK Listing Authority and The London Stock Exchange for a block listing of 106,182,623 ordinary shares of 1p each to trade on The London Stock Exchange and to be admitted to The Official List in respect of 106,182,623 warrants, all with an exercise price of 2p.”
27th Oct accelerator, so anything prior to that would have been issued...

It looks like that’s it now. The exercise date was 30th Nov. We had the last top up of 10m on 7th Dec. Unless they are that far behind with admin I would think the extra week should have captured any late post!

I have enough of these having split my ‘highly speculative gold’ plays between here ECR and GRL (I don’t call the likes of GGP, PUR high risk). It’s just now I choose to do it to spread the risk within sector.

But as the old saying goes. Go long on ops and short on finance. I think that we are safely in the ops period now. If I was going to buy or top up sub 2.5-3p is probably as good as it gets.

Usual caveats

Trek

What to expect.....

During the second half of 2020, the Company the company is planning 3 exploration programmes with the following strategic objectives:
1. Build Resource Base towards 1m oz+.
2. Complete Stage 1 Equity earn-in with Andromeda.
Specific technical objectives include:
1. Confirm orientation of mineralisation at Baggy Green and Barns.
2. Define orientation and continuity of mineralisation at Clarke / Laker.
3. Establish the source of gold anomalism at Larwood.
The planned timing and scope of these exploration programmes includes:
Programme 1 – RC drilling – 25 holes – 3,750m at the Baggy Green deposit, and Baggy Green North, Clarke & Laker prospects. Planned start date: 23 September 2020. Programme Budget: £373,000.
The programme design includes up to 12 RC holes, with target depths of 150m, testing open mineralisation at Baggy Green:
*
*
*
to the north of the Northern Zone, where open mineralisation grades 1m @ 97g/t and 2m @ 40g/t;
to the south of the southern zone, where four drill intercepts average between 6g/t and 8g/t; and
in between the northern and southern zones, where there is sufficient room for a third zone of mineralisation.
This programme also includes:
*
*
3 RC holes at the Clarke deposit, with target depths of 150m, to define the dip and plunge of this mineralisation;
6 RC holes, with target depths of 150m, at Baggy Green North. This area shows highly anomalous pathfinder geochemistry associated with several regional scale structures; and

4 RC holes, with target depths of 150m,at Laker subject to ongoing-PEPR will be drilled to define the orientation of this mineralisation so that further resource definition drilling can be designed.

Programme 2 – Auger Soil Sampling – 150 holes – 150m at the Larwood prospect. Planned start date: mid-November 2020 (subject to the completion of harvesting activities). Programme Budget: £16,000.
The Larwood prospect is a geochemical anomaly approximately 33 miles to the east of Baggy Green. It is defined by a trail of alluvial gold that has travelled down a valley from a yet to be identified source. During Programme 2 150 soil samples will be collected upslope (west) of the anomaly to better define RC drilling targets in Programme 3.

Programme 3 – RC drilling – 20 holes – 3000m at the Barns deposit and Larwood prospect. Planned start date: November / December 2020. Programme Budget: £306,000.

Programme 3 will include 20 RC drillholes for a total of 3000m. These holes aim to extend the mineralisation at Barns, which is currently open to the southwest, and will also aim to define the continuity of satellite mineralisation with the aim of increasing the total resource base. Drilling at Larwood during Programme 3 will target geochemical pathfinder hotspots identified following the analysis of the Programme 2 sampling

Plenty happening!

Trek

Just picked up gas assets in T&T. I bought GLO recently as I have to get some income. Got near 6%, quarterly divi. They are doing a share buy back as CEO says undervalued and have committed to a 10% divi increase yoy! I only stumbled on them. Lol!

Anyways. I just thought this activity would balance the earlier NGC scare....

“PROPOSED ACQUISITION OF CONTRACTED OPERATING POWER PLANTS IN THE UNITED STATES AND TRINIDAD AND TOBAGO

LOW CARBON ASSETS INCREASE, ENHANCE AND DIVERSIFY CONTOURGLOBAL'S CASH FLOWS AND DIVIDEND COVERAGE”

“expands ContourGlobal's longstanding and growing presence in the Caribbean by adding the largest independent power asset in Trinidad and Tobago;”

https://www.londonstockexchange.com/news-article/GLO/acquisition-of-us-and-trinidad-tobago-portfolio/14783455

Trek

Perhaps Al has finished for now. Job done feet up on the desk and thought he’d check his junk mail and LSE. You know just to see if anyone still loves him!

Smug smile, it’ll be worth it guys. Sorry about the house sale. I didn’t expect the SP to tank on that Pfizer vax news!

Still the nomad has just agreed this RNS. 900m reasons to like it. All is forgiven.

One hopes!

Trek