Member Info for TrekMadone

Lol, can’t believe it I averaged down at around 1pm today to 103. That’s my third run at these! No trading from here now though. Gonna stick this time. That FOMO is horrid! ATB.

Trek

I really don’t understand why given the efficacy and history of drug with COPD, Home trials and Covid trial why we haven’t been permitted to do an open label trial. If it really helps 74% of people that’s a lot of poor folk that could potentially suffer under the placebo.

This is the first global pandemic. It needs new thinking not old thinking. If vaccines can make it without a whole year embedding in period then why not SNG001.

I really hope the FDA apply common sense and agree a fast track process of sorts. Even if it’s a restricted P3 that ramps up quickly to full use. We could do with a lift from somewhere!

Trek

Just got 350k at 2.687 so there is still a seller. No NT and price is holding up well. Sellers/warrant conversion comes to an end then we really will be off!

I just blown away by the autonomy that this company has. It’s really smart work. At last i’m Now in the +1million club!

Trek

I just looked at those results. Stonking! Looks like we have a gold mine! Lol!

Anyone thinking of selling 146 to get back at 126 is gonna be taking a risk now of being left behind imo.

Great results and more to come!

Trek

Meant to paste.....

“Sale of 270,003 ordinary shares on market to fund exercise of 5,899,998 ADNOB listed options”

Trek

Surely not a halt for director sells?

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02318634-2A1268451?access_token=83ff96335c2d45a094df02a206a39ff4

Trek

Yes indeed, my kids have grown up and been through uni since being invested there! I traded most of mine out now (again lol!) and just have a small position to go the distance. I will only add in low 2’s now for s trading opportunity.

Good luck with your investments.

Trek

Hi Eva,

A reasonable shout criticising the delay. I really don’t know why the BoD’s do it. They usually set themselves up for a fall. I prefer the approach of the likes of Paul Baay at TXP. States the known facts and tells shareholders patience is required.

I sold SHG at 20p, felt it had had its run. All said if I had cash I would have bought back at 13p. Absolute bargain at that level. Just shows that timing and a little luck can change one’s views.

WRT cobr, I didn’t expect any ops news until the accelerator date passed. I posted that at the time. I expected news last week and we had it. I think they may just be playing smart. Well I hope so but as has been posted below there is more than one shot on goal here.

All said I have enough exposure here now. I wouldn’t sell elsewhere to add but I am still pretty bullish on Cobra and have a reasonable investment that I can comfortably let ride. My highly speculative gold plays are here ECR and GRL. It only takes one to come good.

Usual caveats.

Trek

“Bahamas Petroleum Company (BPC) issued announcements regarding its Trinidad & Tobago and Suriname assets, where it has big plans. Anticipated capital expenditure for the base work program is up to $20 million, and up to approximately $35 million in a scenario where all developments and exploration activities are accelerated. I suspect, though, they may be tempted to use convertible loan note financing, as with the outstanding amounts still required to fund the Bahamas’ Perseverance #1 well. This all could result in considerable dilution and dampen any possible drilling run.”

He’s probably right but if you increase your assets the dilutive impact is less. I am more concerned about some left field injunction that asset based dilution. Atm the market seems to agree else we’d be well over 3p now.

Usual caveats,

Trek

“Finally, Touchstone Exploration (TXP) announced it has completed drilling the Cascadura Deep-1 exploration well in the Republic of Trinidad & Tobago. This is the kind of RNS all companies want to be able to put out and is well worth reading in full. It’s one of those very rare small-cap oil companies that appears to have pulled it off.”

TXP is a company that OMJ has not covered that much. He is known for criticising many minnows with inexperienced Bod’s out to dilute for working capital ie their own lifestyle’s and promises that seldom materialise. This plaudit from OMJ is about as good as it gets.

But we know this is going to get better. Much much better. Looking at readings for Royston it’s very similar apart from it being bigger! Plus I don’t think they’ll be taking a chance on a small rig for that one!

Usual caveats

Trek

Here you go in it’s entirety. This is the FCA handbook disclosure rulings, DTR5. It’s too much to post but follow the link. It’s all pretty straightforward and answers all questions including nominee accounts and international holdings.

https://www.handbook.fca.org.uk/handbook/DTR/5/

Trek

Hi David,

Only as per my 16 Nov post.

Trek

Oh dear, I gotta get a wiggle on....

News on this could all land at virtually the same time!!

1. Travel restrictions end
2. One party completed DD one underway.... ping pong!
3. Volumes indicate warrant conversion wash through = more cash!
4. Drill about to mob
5. Lots of techie machinery news, sheds crunchers, analysers = assay queue jumpers!
6. POG bull retreat looks to be turning

This is my interpretation of recent data.

Usual caveats

Trek

Eck71,

That’s a good summary. I must say, I have commissioned a fair few telephone exchanges in the past so like you I have some abstract knowledge. Especially with meeting service dates and all that hinges on it particularly when peoples numbers were due to change.

Anyways, as for gold my simplistic view is the mechanics are the known entity. It’s replicated the world over. It’s having a decent team that can find the stuff in quality and quantity and more so finance it and then all the legals. Gosh one could wax on but my point is I’m pretty sanguine now about the ops. They’ll tune it up no problem!

I also think the last of the placing shares may have been flipped into the madness of the last few days. It felt like a last minute ditch today. Job done, made a profit so couldn’t care less what the last ones went for. Then we finish blue! You couldn’t make it up really.

Well let’s hope so and it becomes a boring investment now. Just ticking up slowly, back to 160, under the radar until we get hit with some nice production numbers.

Atb

Trek

Nope haven’t forgotten, just bought first tranche after x divi date. I only stumbled on this co a few days ago. Wow absolutely blown away by the income prospects.

Going to flip some other divi payers into this one as there are very few reliable quarterly payers that are increasing divi yoy out there.

Trek

Had another order filled today. Impossible to buy direct, everything NT!

Looking like this will break up to 270 highs soon. P/e of 20 and 1.15% yield and rapid growth with increasing dividends. 12m cash zero debt! Absolute no chance of dilution for the foreseeable future unless they make a huge acquisition.

In terms of the science. To be able to analyse big data and have proven behavioural analytics that benefit bottom line sales just as more businesses are moving ops on line. This is a sweet spot investment!

Biggest risk imo is a low ball takeover to try and grab those recurring blue chip customers.

Add that and quite BB with hardly any posts. A nice find! Pleased with myself, wide smile emoji!

Trek

“So if something is not right are folks selling and pulling out of this ? ”

Absolutely not. It’s part of a BB and investor maturity to discuss risks. Much more use than loads of £10 ramps you get on some BB’s.

Just because we have concerns about the delays don’t mean to say there are concerns causing the delays. It’s Ghana, but it’s probably still easier than getting planning permission there than in say Oxford!

At the end of the day the company are ready to go. We just don’t want to see the gear go rusty or costs added!

Trek

A reasonable assessment, Nuke. The last TR1’s are sells. There may still be selling. I have taken just few but in no hurry to jump back in. Happy to have the option to average up or down from here.

Trek

“Ps you don’t sack a director during a trial or pending a trial. That absolutely does not happen.”

Meant to add it’s therefore unrelated. Just in case that’s not obvious.

Trek

“We would also like to thank Michael for his services to Savannah and wish him well in his future endeavours.”

It’s the minimum of salutations. No career resume, not retirement, no new business venture specified, not even health or family. Gosh don’t you guys know management speak for sacked!

I expect to see an appointment at some point with some extensive corporate ESG knowledge.

Ps you don’t sack a director during a trial or pending a trial. That absolutely does not happen.

The alleged ‘dismissal’ and joint broker appointment is an upping of pace. It’s completely progressive. Moving on!

Usual caveats

Trek