Member Info for TrekMadone

Must say I am leaning towards agreeing that something doesn’t stack up. Purely based on the time taken.

From the positive’s, other permits are in place, we have had ministerial visits, media coverage, the BoD are pushing forward 100% and it’s all systems go bar the EP.

You don’t issue all the other permits and not the last one. They are linked, it’s the same ministerial dept! The covid excuse has played out, it’s spent now!

I don’t think ‘corruption’ in the back of my mind but I somehow now suspect the govt are having a negotiation ‘nibble’. That’s not what the EP is about, its about standards met or not. But that said everything hinges on it and given the expenses the govt are facing with covid I am just wondering if they are asking for a bit extra.

All said the BoD here seem to be confident that whatever the delay is will be resolved.

Sorry Ghana but if you procrastinate like this for too long it will eventually set hares running. If I think that then other mining companies looking in think the same and eventually you can end up sending out the wrong message.

It’s time now, issue the EP or say this needs to be done to get to standard but stop taking the p!

Trek

Just noted the DCTA RNS today. I have posted before and underlined that they are in a similar space to SYM purely because so few are. Noe the comments from Cenkos about few players in the soft coverings space. This is not a cross ramp it shows competitors to be aware of and that there is a market. DCTA also did live virus tests on their masks... There is a significant future for both companies and one once lands a major deal the other will rise. I’m thinking a race to Apple!

DIRECTA PLUS
Trading ahead of expectations

“Directa Plus has released a trading update guiding to revenue for FY20 of approximately €6.0m, 9% ahead of our expectations of €5.5m. The strong trading performance has been primarily driven by the sales of G+ enhanced face masks, including Co-Masks, which have proven popular with both individual and corporate customers and have generated strong demand. The strengthening performance of Setcar, the Environmental division, has also contributed to the improved revenue expectations for the current year.
The company has also announced a new development agreement with the Soft Goods Division of a major international developer and manufacturer of consumer electronics, personal computers and related services. The agreement covers the potential application of G+® graphene on covering materials of consumer devices, exploiting the antiviral- antibacterial properties of G+® graphene as well as its thermal and electrical conductivity. Directa Plus has been granted a new and second patent on its core plasma technology; specifically relating to new machinery with five times the previous capacity and greater durability.
? Comment: We believe today’s announcement is positive, especially considering Italy and most of Europe entered some form of pandemic related lockdown only around a month after the publication of our expectations in September. With several key business lines likely to have been impacted by this, such as textiles and performance workwear in particular (usually bought in public tenders), it is clear that the company’s rapid move into G+ enhanced facemasks was a good one and has more than made up the difference.
We see the signing of a new development agreement as another positive step forward, and whilst only a development agreement with the Soft Goods Division, there are very few small international developer and manufacturer of consumer electronics, personal computers and related services. The partner is likely quite sizeable and we can see particular interest for graphene to enhance consumer electronics, particularly anti-bacterial and anti-viral properties for cases, keyboards and other peripherals. We iterate our view that Directa Plus as an underappreciated, undervalued and more mature and lower risk play in the UK and international listed graphene and speciality nanomaterials space and maintain our Buy recommendation and 122p price target.”

Trek

Cenkos note.. sorry I can’t publish link as has my account.

DIRECTA PLUS
Trading ahead of expectations

“Directa Plus has released a trading update guiding to revenue for FY20 of approximately €6.0m, 9% ahead of our expectations of €5.5m. The strong trading performance has been primarily driven by the sales of G+ enhanced face masks, including Co-Masks, which have proven popular with both individual and corporate customers and have generated strong demand. The strengthening performance of Setcar, the Environmental division, has also contributed to the improved revenue expectations for the current year.
The company has also announced a new development agreement with the Soft Goods Division of a major international developer and manufacturer of consumer electronics, personal computers and related services. The agreement covers the potential application of G+® graphene on covering materials of consumer devices, exploiting the antiviral- antibacterial properties of G+® graphene as well as its thermal and electrical conductivity. Directa Plus has been granted a new and second patent on its core plasma technology; specifically relating to new machinery with five times the previous capacity and greater durability.
? Comment: We believe today’s announcement is positive, especially considering Italy and most of Europe entered some form of pandemic related lockdown only around a month after the publication of our expectations in September. With several key business lines likely to have been impacted by this, such as textiles and performance workwear in particular (usually bought in public tenders), it is clear that the company’s rapid move into G+ enhanced facemasks was a good one and has more than made up the difference.
We see the signing of a new development agreement as another positive step forward, and whilst only a development agreement with the Soft Goods Division, there are very few small international developer and manufacturer of consumer electronics, personal computers and related services. The partner is likely quite sizeable and we can see particular interest for graphene to enhance consumer electronics, particularly anti-bacterial and anti-viral properties for cases, keyboards and other peripherals. We iterate our view that Directa Plus as an underappreciated, undervalued and more mature and lower risk play in the UK and international listed graphene and speciality nanomaterials space and maintain our Buy recommendation and 122p price target.”

Trek

Hi UKInvestor,

That was my initial thoughts. These results are excellent though and I just wonder if we are ‘scratching the surface’ (ouch!) but you know what I mean. If it’s just costs and rig availability fine. Or is it when you revisit you find the bottom. Don’t know if anyone can confirm.

Alwaysone,

Yes I noted the 80% and agree this one is a very pleasant surprise.

Atb

Trek

Also pretty much doubled money on DOT. That could prove to be a smart investment. Don’t worry about the valuation yet, you can’t buy undervalued stocks and then complain that they’re are undervalued. We have come from sub 4p to 12p highs in a blink. 36p could be just another blink away as BTC pushes on! If not and there is a breather we have the ‘efficiency loop’ that will hit others harder than us.

The only bear case for BTC is quantum computing still a long way off but that would hit everything. other than that with stimulus, PayPal, etf’s and crypto’s adoption especially in China the case is extremely bullish.

I wouldn’t be surprised to see some of the funny money crypto fold up soon. The space is getting too crowded. Some of the specs are quite frankly pipe dreams. There is bound to be some consolidation. When that happens more money will flood to BTC. Bit like a cyber USD! Lol!

Trek

£1

I only have hobbyists knowledge of this space. Learning quickly (I think) but anyone know why they opted for RC over diamond drilling and why they didn’t test deeper? I get it’s for open pit but having committed to the drill you can’t be sure on depth without testing. E.g from aeromags it’s pretty much impossible to know otherwise.

Trek

Correct

https://find-and-update.company-information.service.gov.uk/company/12022780/officers

However, it doesn’t get away from the wider selling. Pretty sure the placees have taken some profits. It just seems to be the way of late that share prices drop back to the placing price as subscribers cash out or forward sell.

It’s a phase that will pass though and we will get back to highs again pretty soon. The mine is set to be profitable so that will reflect in the sp especially if pog goes up as expected.

Trek

Wooster there’s irony in your comments. Imo the RNS was ever so understated. No ‘significant’ in headlines albeit there was in the blurb. Very scientific and bar the odd emotion for no geo’s like me to click that it is a beast and they still don’t know how big it is! I think they played the news down just a tad.

very typical of PB.

Looking forward to the interview soon.

Trek

Stockable,

Imo the pour is not the high risk phase. It’s funding, finding resources and having a BoD and team that can deliver. The mechanical stuff is replicated the world over!

Be careful not to get spiked on first pour. Imo if unsure commit funds as the project progresses.

Jump!

Note how the mm put us down at the open today after +6% rise in Canada!

My average is high here as I joined late and got it all wrong timing wise but I have been buying for future dividends which should be a whopping % on this sp, hence no panic from me when it dropped below 135!

Trek

Yeah! Had a buy sat here from 9am only just been filled!

Such an exciting share targeting consumer behaviours on IOT with recurring revs and loads of cash + paying an increasing divi! What a gem!

Trek

Alwaysone, that’s correct these were issued 1 for 1, CLN for 2p warrant. I just had a read through and they are for cash or services in lieu of cash, section 3 in prospectus. I got confused with another company that was doing one free for every two applied for.

Thanks

Trek

Hi, yes this week or next. Expect losses cut and cash position to increase. Some of those deals must be hitting bottom line. Income number will be key. Hopefully no more of Ioan used.

It’s all guess but govt grant and contract payments will be much more visible however I still think big numbers are next year.

Trek

So this makes sense now. They are formalising the 50% jv stage 1 terms between Andromeda and LAM....

“Cobra will now work with Andromeda to establish a formal joint venture structure pursuant to which the Company's wholly owned subsidiary, Lady Alice Mines, will acquire a 50% participating equity interest in the Project. A further announcement will be made once the joint venture has been formally established.”

This statement about increasing it to 75% should have come after the statement above. Then it wouldn’t have confused me....!,

“The interest in the Project may be increased to 75% by the Company spending a further A$2.9 million over a 3-year period.”

The 75% option only follows when stage 1 is complete. We will be told when that happens and the 75% refers to the TOTAL of stage 2 and stage 3 being fulfilled, A$1.65 +1.25m = A$2.9m or 65% + 10% = the 75%.

Thanks.

Trek

Thanks...

Eyre Peninsula Gold Project Joint Venture Terms

The principal terms of the Eyre Peninsula Gold Project Joint Venture between Andromeda Metals and Cobra Resources which was executed on 31 October 2017 are as follows:

Cobra will sole fund $2.1 million within 3 years of execution to earn a 50% equity position (Stage 1 earn-in);

at the end of Stage 1, a joint venture can be formed, or alternatively Cobra can spend a further $1.65 million over a further 2 years (total funding of $3.75 million over 5 years) to earn a 65% equity interest (Stage 2 earn-in);

at the end of Stage 2, a joint venture can be formed, or alternatively Cobra cab spend a further $1.25 million over a further 12 months (total funding of $5.0 million over 6 years) to earn a 75% equity interest (Stage 3 earn-in);

once a joint venture is formed, the parties will contribute to further expenditure in accordance with their respective equity, or dilute using a standard dilution procedure;

should a party's equity fall below 5%, its equity will be compulsorily acquired by the other party at a price to be negotiated in good faith, or failed agreement, at a price determined by an independent valuer;

Cobra must meet requisite statutory expenditure requirements tp keep the project tenements in good standing;

Cobra will act as manager during the farm-in and thereafter while ever it holds at least 50% equity.

Trek

Majority of sell atm imo are warrant conversions banking profits. When you add that they got free shares for stumping up cash who can blame them. I just don’t see it as PI’s that have bought for the IOCG potential and with the unpredictable spread this isn’t exactly day trader heaven.

I don’t mind things I can understand. It’s the JV terms of the last RNS that is not clear.

Probably just ambiguity rather than deliberate confusion; one of those things that makes sense at the time and then you read it differently later! Given that no one else has cleared it up its obviously not clear. I will drop them an email later albeit I expect the reply to refer me back to the RNS where it says more info will be forthcoming.

Re the speeding ticket RNS, you get them for going up or down. It’s an auction extension.

https://aim-watch.com/project/price-monitoring-extensions-explained/

Atb

Trek

ECR warrants & cash

3/8 18m for £194386
24/7 5.5m for £59375
23/7 3.57m for £40178
16/7 2m for £20000

16/7 placing 46m for £600000
This took the cash position to £1.25m

So plus above that’s £1,564,939. No much to deduct yet for ops.

This is pretty good as it’s after the cost of drill purchase £250k and XRF £50k, license fees, possibly sheds etc. There may also be up from cash from any JV to look forward to. It’s no wonder he can be fussy!

Just for balance though. Options aside the BoD are pretty lightweight investors here. I expect they can’t deal atm but I think they should (obviously if they can) make a purchase given how undervalued they say we are.

Craig Brown 2,977,842 0.4%
David Tang 1,428,572 0.2%

Trek

hubenstein,

‘I am keeping a very close eye on it and am ready to exit if need be.’

You may or may not be aware but I doubt you would be able to sell such an amount in one go. I have a similar holding (650k) and often test liquidity with dummy trades.

200k was the most I could offload recently in one go without it going NT. Thats pretty good. There have been times with no sell liquidity. Hence I think the trend is improving.

Trek

Don’t underestimate the economic impact of covid. Doesn’t matter which govt are in power the choice is to close the gap via more govt debt, taxes or ease the pain with oil revenues (if the come about).

An economy that is very dependent on tourism will get a big hit from covid and probably take longer to recover.

Trek

It’s a good update. I am looking forward to the JV terms to see how that is pulled together. We don’t know how that will look with LAM and Andromeda.

A$2.9m spend over 3 years is no big shakes but I don’t understand if the structure means that’s 25% of the 50% left. I have read it a couple times and am obviously being thick!

I am like many disappointed with the assay delays. I think had they had a XRF it would open up other options to streamline the assay processing not having to rely on one lab. They could then send lighter selected samples to other independent labs. It may be that’s something they consider at a later date.

All good on ops though. And hoping we’ll get an RNS clarifying the warrant situation rather than have to wait for the blocklisting rns.

Trek

If this turns back to 3.2 / 3.4 there will be a FOMO stampede!

The happy to sell at 2.7 and happy to buy at 3.2 masterclass of PI day traders will all be jumping back in! Lol!

Honestly you couldn’t make this up!

Trek