Member Info for TrekMadone

Hold and add but not happy. The covid situation must be quite (understandably) severe. Delays cost money, but at least there is a formal firebreak. One could argue had they not had a delay they’d probably have rushed it and not got the best deal anyway.

Now we have that breathing space and 14 or more offers KAT must be in the driving seat over finance. Gotta play one off against the other and drill down to 4/5 sealed bids.

These guys really got to hone the top negotiating skills now to make up for those delays and not sit on their arses expecting the POG to fill the void or wonder off playing with other train sets.

Use this time to the max for investors please. Sorry but complete lack of urgency in the RNS, almost a phew moment!

Trek

Nice, our 5-8p day called earlier. Expect more of the same soon!

£117m mcap! Lol! You can spend that looking for a coho alone!

It’s about time this stock got some value attributed. With a fair wind, which we have and 1 more strike + Casca deep and a £500m possible I mo.

Trek

Wow what an amazing day! I have been out all day went for a ride v early and been busy every since. Saw the RNS’ and just catching up. My best day ever in the markets! With a few of my stocks really kicking off now all at the same time!

Anyways, one key point not mentioned thus far is even if a vaccine arrives tomorrow it hasn’t been tested in older people. Remember SNG001 average age was mid 50’s, vaccine from memory was up to 56years.

This is because the vax generates an immune response to work. That response is not as strong in older people or potentially people with co-morbidities. Add in the hometrials which could be a worldwide paradigm, COPD etc already covered and you see there is a need for SNG001.

Now folks, time to batten down the hatches unless of course you are trading coz this will imo get messy. I have no doubt that we will see the best of Pharma, global team work for the greater good of mankind as they try and dislodge SNG001 from little old SNG!

Now’s the time to shut down and just read the rns’s as the tree shakes, character assassinations and fake news hit the headlines. Stay grounded and listen to the company.

Atb

Trek

Hi LiveData,

If that’s the case then naughty! They have told the market they were 0% on 16/7/20. 2 trading days is the regs for notification of holdings for UK Co. I thought 12% was high, I thought they may have got 8.99% from Acacia and bought the balance just took a while to finalise.

Starting to pss me off this noncompliance, I have raised three TR1 cases now with regulators.

Thanks for the reply.

Trek

Scoutt,

PUR aren’t producing, we are , obviously, from that stonking RNS’d ops update today and the massive sp inflections to look forward to.

PUR £481m mcap SHG £127 and producing + deleveraging all the time.

Don’t get me wrong i’m very bullish on PUR but it’s apples and pears. A better ‘distant’ comparison would perhaps be GRL.

Having researched many small cap miners I opted for GRL, SHG and a couple others but will add PUR when funds come free, it’s just that the mcap is showing less gradient than some others but that said it’s in Canada which deserves a premium.

Trek

Yes indeed as per my earlier post and reference, ‘market maker schemes’ they have used the ALGO’s to great effect and forced some selling. I traded out of a few that I bought a5 36p at 41p for a 5p ish profit albeit I still have a decent stake here.

To accumulate 12% is a blinder, we may well get another TR1 soon for a reduction unless this is all the Acacia placee shares + a trading sweep.

Anyways nice to see some new PI’s here. Don’t be fooled by talk of 50p, this is going into the pounds, seriously if they hit the vax milestones which is getting closer, 400p min. If you can get an average at under 70p here you’ll soon have a very nice cushion.

Read the presentations on the website and look at the milestone payments and remember Merck have given us access to Keytruda a blockbuster, £7bn plus sales. You don’t let just anyone have access to that unless they will add significant value.

There are some good posts here, read back through them and yes the directors have significant skin in this and they are millionaires that have done it all before. This could be the last time for them before they cash out.

I do hold SNG but don’t post there so much as in the early days as the BB is so busy, same as AVCT. Most stuff is pretty much covered off there nowadays.

Atb.

Usual caveats

Trek.

Hi Dan,

Excellent choice and I have a position there but not added recently, albeit still excellent value. I bought GRL, KAT and SHG.

50% GRL, read their last RNS, pour this year and likely t/o. 25% KAT awaiting finance but funded I will sell half into news and SHG a producer with huge upside from pending deals.

Also PUR, SGZ and SOLG are on my radar after researching over 20 miners.

George Soros said “when I see a bubble forming I rush in to buy, adding fuel to the fire. That is not irrational”

Gold mining is a bubble forming. Look for those about to produce this year or those that are producing already but about to expand. That’s where the maximum gains are imo but spread the risk and understand the geopolitics. Tanzania, Guyana, are surprisingly business friendly. Australia, Canada and Scotland obviously ok!

Ps. In Pharma I added to ORPH this week. Amazing prospects, they do the testing for others so safer and now is the time to buy against the seller.

Usual caveats!

Trek

NP, that’s correct about the premium. It even happens on smaller trades. I have been trading SAVE and often have to break trades down to get a better price.

I am surprised at how quiet this BB is. I really don’t think that people understand that if we meet the milestones which are currently on track then this will 10 bag from 40p probably as a min. $1bn in three instalments is a lot of cash plus royalties. Hence it will likely be bought out for north of £4 on successful vax. Amazing risk reward.

That said I have taken some trading profits here from 36p sold at 41p to buy some gold miners that are waiting news. Will probably be topping up again here later if news is good. I still have a decent or rather more sensible level invested here coz you never know but I don’t mind averaging up for less risk knowing what the potential is.

If you can get lucky with a trade it’s nice that it brings the average down of the existing holding. Albeit now I only look at the bottom line.

Atb

Trek

Defo Goldstone Resources, GRL, check out last RNS, pour Q4 2020 and amazing shareholder register imo lining up for t/o. I am biased as have a large (for me) position there now and will add a few more IF it dips below 7p.

Also Shanta Gold. SHG, approaching a price inflection. Already producing. A good hedge on POG with significant exploration upside. I bought a while back. Tanzania. Very friendly place to do business.

Trans Siberian Gold, new drilling campaign, producing a good hedge on gold but Russian. Only on my watch list.

And Katrina Gol, KAT, could bag very quickly but pretty risky that one as a tiddler but I have a punt there. Just waiting for further funding. Something like 14 different parties want to finance. Quite amazing. May hear next week. If you can buy sub 2.5 a chance to sell the news.

Puregold, PUR, I am waiting to buy, already mentioned. Really like that one.

Solgold, Newcrest are a holder, massive project in Ecuador, funded, world class prospects, tier 1 but Ecuador. I may pick up a few later. Missed 19p as fully invested Atm.

Scotgold, SGZ aiming to pour this year, 30-40% premium for Scottish gold. Not very sexy but safer bet. On watchlist.

Anglo Asian Mining, AAZ, decent assets, Azerbaijan. I have traded it well but imo better value elsewhere atm pending drilling results.

Trek

Good question the volume is not showing on LSE, it’s as if it didn’t happen. I can only guess that

1. they may be an inter MM trade. Sometimes they move stock across a book so they have a balanced holding or

2. it’s a delay from a previous day(s) but in that instance the date should still be date of trade. However, the time is 07:00 on the 17th so it may be a legacy off order book trade.. (see trade type)

Here’s the volume’s

https://www.londonstockexchange.com/stock/DDDD/4d-pharma-plc/trade-recap

Here’s the trades.. note the date/time...

https://api.londonstockexchange.com/api/gw/lse/download/DDDD/trades

I have also notice an increase in ALGO trades for 4D. These can be used to change the technicals on a stock to cause folk to sell or buy enabling a bigger order to be filled or sold.

Off order book trades slide 43 On link below...

ALGO trades, or technically called Market Making Schemes slide 59...

“The Exchange operates one or more market making schemes, covering certain instruments admitted to its markets, with the objective of encouraging regular and predictable liquidity
provision in those instruments.”

Folk refer to it as a ‘tree shake’

So one could infer that the 4D tree was shaken and the large orders were filled and published late as it may have been more than one MM but same client. Who knows! But they were more likely buys as the price finished higher and the trades are above the ask, even a premium!

https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf

All my guess work.

Trek

Great note from Emma inviting questions ahead of AGM giving her direct email address.

All companies have the Covid note but few have such a warm shareholder invitation.

Trek

Late trades...sections g3013 and g3020 key. Nothing sinister and MiFID compliant...

In relation to rule 3012, where two member firms agree at or prior to the time of the trade, the responsibility for trade reporting may be delegated to the other member firm.

The rule recognises that member firms may wish to delegate the trade reporting responsibility to the other member firm. This may arise where a member firm trades infrequently and hence wishes to always delegate the reporting process or where the non reporting member firm wishes to gain protection under the deferred publication facility but the reporting member firm does not.
(Amended N09/17 – effective 3 January 2018)
Standard trade report deadlines [3020-3021]

Where a trade is executed during the trade reporting period, a trade report shall be submitted to the trading system in accordance with the standard trade report deadline.

Guidance to Rule:
The trading system will immediately publish a trade report unless deferred
publication is requested (and the trade qualifies for a delay). (Amended N09/17 – effective 3 January 2018)

And these are the addressable concerns

A member firm shall not:
aggregate trades in order to qualify for treatment under the deferred publication facility; add subsequent trades to a deferred publication in order to increase its size; or
submit or agree to submit a correction for the sole purpose of re-reporting a trade in order to gain or extend a delay in publication.

Less technical explanation.....from FAQ’s

When can the deferred publication regime be used?

A member firm should only request deferred publication where the member firm is dealing on its own account (as principal) and the transaction is between the member firm and its customer.

How can I request deferred publication of a trade?

A member firm may request deferred publication of a trade by submitting a trade report with either the ‘OK’ (for an ordinary trade) or ‘NK’ (for a negotiated trade) trade type. MillenniumIT will determine whether a delay should be applied based on the relevant publication regime.

References..

Handbook
https://www.londonstockexchange.com/traders-and-brokers/rules-regulations/rules-lse.pdf

FAQ’s
https://www.londonstockexchange.com/traders-and-brokers/membership/faqs/rulebook-faq/rulebook-faqs.htm

Trade flags/types
https://www.londonstockexchange.com/prices-and-markets/prices-help/trade-type.htm

Trek

Fully understand getting poorer. BoD need to up their game in converting these ideas into revenues. This is still my biggest single holding by a long way and I have made known my concerns.

I think they need to tap into the resources of PSS to move the science forward at scale. Then we really will see some fireworks!

Trek

Thanks for that noix, must say I should have checked the presentations for updates following the RNS. Slipped up there!

Anyways my research here is done for now, letting this one ride now. There will be 10-20% days here for sure and I am convinced it’s gonna be a multi-bagger from 40p levels.

I’ve had to sell a few today following the bounce. Only got so much to work with and now invested here at a comfortable level. Off fishing elsewhere!

Laters...

Trek

Don’t know if that’s your note Justso but it’s a good read and in simple terms.

I note the decent volume here today, 10p will give us a 25m mcap. If we get the environmentals and news that we are mining I think that given we are funded that should be easily achievable well before Christmas. Of course with first pour and additional drill results to come it does look like the risk is to the upside if one assumes no licensing delays. No idea about a sp then.

Paperwork seems to be holding sp back a tad today, a couple more weeks gives one a chance to free up funds to gather a few more. Opportunity imo!

Can only see gold getting stronger towards the end of the year as the grim macro lag kicks in.

I have researched loads of miners and bought a few these last few weeks. Must say I see this as potentially the biggest mult-bagger. Obviously not without risk so lets hope all goes well.

Trek

Not quite in our league, from what we have been told that is! But longer it takes the closer others will get.

Trek

I added yesterday, followed the money and will continue to buy here. Literally a goldmine this one!

$3m reduction in capex from $6.9m is massive and reduced loan needs going forward due to POG and ability to fund from reduction + extended targets + significant increase in NPV!

This is a classic example on how the POG can completely transform the financial dynamics for miners. The ones that will benefit most are those with small mcaps that are about to go into production in a stable political climate. Against cv19 we will be employing locally, hence helps speed up licenses. You couldn’t script this any better + a t/o potential.

All good, v good. Usual caveats. Stonking buy!

Trek

Well i’ve really ballsd this one up. My mind was saying sell at a quid as once that went that was it, but no I held on thinking news soon, few shares etc and it will bounce, well aware it can leap either way. Now 60% down.

May have to sell to catch a few others with what little is left as they are on the up but then Sod’s law and all that. Gosh. Should have even taken half of on a 20% fall like normal and then wait for bottom.

How to take one’s own advice!

Trek, should know better! D!

Strange that we have moved today on low volume....

I wonder if we will see some momentum buying tomorrow. The AT trades looked like they were trying to keep the price down. No idea why you’d want to do that.

https://api.londonstockexchange.com/api/gw/lse/download/SAVE/trades

Still blue now at last! Well in one account anyway!

Trek

Just info,

Re broker selling Acacia stock direct to institutional investors as ‘oversubscribed placing’.

Had a reply from Consilium, but names removed....I will post final reply.

Dear xxxxxx

Thank you for your email yesterday morning on Synairgen. We have passed your query to the relevant parties and will look into it.

Best,
Alex

Trek