Member Info for TrekMadone

Been attached by Algo trades to get price down.

I just bought in. Didn’t have opportunity below 600p but will grab more if it goes lower.

I can see this coming back strongly end of year or a bidder may emerge

Usual caveats

Trek

Hi AA,

SXX ouch! I failed trying to catch the falling knife there!

But I didn’t buy HZM the balance sheet was horrendous and the rampers wouldn’t have it!

I am sticking with AMRQ though albeit warily! I remember Pure Gold (PUR) had outstanding bonanza grades at length in Canada but their costs overran and they are no more.

AMRQ I added in 60’s to get my average to 78p now and will buy more if I can in the 60’s. The idea is to get some air cover below the two huge institutional placings that were around 86p. Then sell some on way up leaving a core position with a lower average with eyes wide open as they bring the mine into full commissioning.

For sure they don’t need any cash as the last placing was a call from institutional investors to have a slice of the new frontier.

Then you got the politics around Greenland which may also cause another spike up.

I saw ALRT which is up significantly now but I didn’t buy at 0.6p doh! As I have had enough for a while of the super risky ones. Had my fare share of baggers and duffers. Thankfully more baggers! Which I use to grab high yield now so Mrs Trek has an income in her ISA for when I kick the bucket!

Grabbed some SAFE and TW yesterday after selling some tiddlers. Chart looks good for both now. So it don’t get much more boring than that!

I missed safe below 600p where the big director buys landed but I will add more if it goes lower. Always average in and out as so difficult to time trades imo.

Both will do well when the economy picks up. It surely can’t get any worse! You’d think they would have learnt tax that spend more than you earn doesn’t work!

Good luck

Trek

8p ish rise in 4 sessions is a recovery from oversold.

Gradually climb back to the placing price I hope just in time for Q4 news

Usual caveats

Trek

So next week then

Tuesday

Interims

Placing

Suspension

Result of placing

Wednesday

Acquisition

Resume trading

Oh and I reckon a premium placing as Bod in and last placing at 7.2p.

The sp is a derivative of buys and sells on a low volume. Not the value of the company. Institutions will recognise that and that it will correct. In any event they can’t buy volume in the market without the SP rocketing if indeed there is any stock to be had.

This is a growth company in a high growth market. The price in a few years time will hopefully be very different. Just like at ROAD that followed a similar path.

Egg on my face next week eh! lol!

Usual caveats

Trek

‘ What is the point of a buyback when you then have to return to the market later to raise cash%.’

You leave the shares in treasury until such time as another opportunity comes and then you release them at a higher price.

Trek

My last few shares got stopped out. Couldn’t sell a bean manually!

I was hoping for some news today.

With so many platforms refusing to allow trading in these companies the market has been artificially restricted so what is the point!

Fortunately I derisked a few earlier but nursing a loss here, my decision but not helped by the likes of to ii, AJB, HL and alike who in trying to save investors money have actually done the opposite and played into the hands of shorters!

My next isa goes with IG!

Trek

Don’t agree with Chat GPT.

Tokens are less liquid. Just compare the mcap of fiat stock markets to digital stock markets. So how can it be more liquid.

Less people buy tokens than shares. Less take part in digital IPO’s than fiat.

Irrespective of tokens worth the benchmark is still fiat as to make a profit you have to crystallise your tokens back to fiat.

Don’t get me wrong I see benefits with digital ecosystem’s. As a means of carrying data, quickly and efficiently. But at each end there is a fiat peripheral.

The Defi structure is in its infancy and won’t be fully integrated until Tesco, TUI, Ford and alike accept crypto and we are paid in crypto.

Then there is the complexity of digital wallets and the complex password arrangement which means you can loose your wages with the billions of other dollars stuck in cyberspace. There is no Bitcoin password reset option. That’s why I hold digital assets through proxies.

This is a bold venture from POW. It maybe worth a small amount of its cash resources but honestly, in a bull gold market, surely there are better opportunities.

GL

Trek

Maybe cinders shall go to the ball!

Assay results soon

“ Jennings-Pioneer Project, USA - Assay Results

As announced on 1 July 2025, the diamond drilling programme at Jennings-Pioneer was successfully completed, comprising six diamond drill holes totalling approximately 600 metres across the Barite Hill and Jennings trends.

Visual core logging identified alteration and mineralisation textures consistent with epithermal gold-silver and associated base-metal systems. Notably, over 200 metres of core from all six holes exhibited prominent alteration-mineralisation features.

Core cutting and sampling commenced immediately following the programme's completion. Based on the updated laboratory schedule, assay results are now expected to be received by early September 2025.”

Trek

Will be interesting to see the discount on these 6 month T bills. There’s a 3 month as well.

https://www.ii.co.uk/ipo/offer-information/6m95?utm_source=sfmc&utm_medium=email&utm_campaign=IPO+Launch_TBILL_01092025&utm_id=303909&sfmc_id=4609723

Trek

Uk 10 year gilt is 4.81% and the 30 year is a whopping 5.69%!

Consequently it’s sucking money out of the market.

The view is why risk holding equities with a shtty economy when you can get paid by UK plc at a yield higher than the fts100 for lower risk!

That’s as long as the govt pays! The yields are way above inflation!

Trek

Treasury shares are accretive to NAV. They don’t figure in the denominator. Hence you see the buy back added equivalent of 0.5p NAV.

On a similar basis they do not count in the Earnings Per Share (EPS) which is derived from income/number of shares (excluding treasury shares).

Albeit the EPS which may factor in the management’s scorecard can be skewed by buybacks. As you still generate the same amount of income but it’s now with less shares. So their EPS metric goes up although income could be flat. So they should have an another revenue growth metric as well.

Trek

Pretty much all high yield - banks, insurers, renewables, property etc getting hammered today as bond yields surge.

Unfortunately the Labour backbenchers just don’t get the market dynamics and are asking for more fundings.

Not sure where this is heading tbh. I just can’t see a change in direction.

They should have at least means tested personal independence allowance. I know a few people who legitimately claim it but from what I see of their spending habits, golf, new car, several holidays etc, they really don’t need it.

It’s always been pretty simple for me give to those that need it and make those that earn it pay their taxes that are due. Had they followed that mantra from the start headway would have been made by now.

Unfortunately it’s the honest folk and businesses that are the easy targets so consequently asked to pay more. Not the benefit frauds and tax dodgers!

AI could transform tax collection. That’s where I’d be looking and I bet there’s way more than 50bn owed!

Too difficult though and now longer term. Expect some more QE and the BoE to burn its reserves propping up the pound! Can’t see a rate cut coming but I think I would as US and Eurozone in same boat and they have no intention of peeling back the tax rises or reviewing spending.

We aren’t even getting a lift from gold having sold loads of it at ‘Browns bottom’!

From one bunch of clowns to another our politics and it even looks like we could be getting another clown in next!

I have considered selling everything bar special sits like HEX but am sitting on my hands for now. What a mess!

Trek

No dividend is due on treasury shares. Think of them as dormant.

Unless the company decides to sell them back into the market or to one or more entities to raise cash. That may be less onerous than an equity raise / rights issue.

Many companies do just cancel the stock, but the renewables sector seem happy to park the shares in treasury.

Usual caveats

Trek

Well I will be doing nothing. 204p isn’t attractive.

If they release the 3.3m treasury shares I don’t see this netting out much different.

I am here for yield and will add in market on any pullback or sit and enjoy the 34years of divi increases!

Usual caveats

Trek

Charles Archer

Helix Exploration almost shot into the 30s over August before coming back a little - though remains up 40% year-to-date.

There’s not much to say here.

Inez is being flow-tested.

Production is planned for later this year.

$4 million in revenue per well, get five wells producing to start with, use the revenue to keep expanding Rudyard to 20 wells - and also re-enter Ingomar.

No concerns, it’s just a mildly boring phase as they commission the production facility. As ever, I expect it will take slightly longer than expected.

I’ve never seen production start on time (there’s always some obscure part that needs replacing/optimising etc) but would be happy to see it.

Upon production, it gets very exciting, very quickly.

https://open.substack.com/pub/thatstocksguy/p/small-cap-mining-september-review?r=5c1567&utm_campaign=post&utm_medium=email

Trek

£1

Well worth a read…

https://open.substack.com/pub/thatstocksguy/p/small-cap-mining-september-review?r=5c1567&utm_campaign=post&utm_medium=email

Trek

AMRQ at last looking bouncy bouncy. Was always gonna be a drop after those 2 huge placings at around 85-86p!

I have averaged down to around 78p so can sell some and recycle but think I will hold as I reckoned year it will be +90p and feature in loads of tip sheets as it’s an easy pick with so much cash and lots of drill results plus production news will be around then.

Usual caveats

Trek

Waiting for LEX….zzzzz drill results soon. USA.

“…. Visual core logging identified alteration and mineralisation textures consistent with epithermal gold-silver and associated base-metal systems. Notably, over 200 metres of core from all six holes exhibited prominent alteration-mineralisation features.

Core cutting and sampling commenced immediately following the programme's completion. Based on the updated laboratory schedule, assay results are now expected to be received by early September 2025…..”

I think these will be good. There’s also an enhanced study due. They got sht loads of inferred gold. 10m Oz’s! It’s the real deal. But it’s S africa and USA which I thought was better than Mozambique, Botswana, Uganda or Zim that seems to be in flavour from PI’s!

Investors in LEX and warrants start at 6 from memory. So lots of air cover but hey nobodies buying or even posting there! WTFDIK!

Usual caveats

Trek

Buying back in here at 143 whilst not the bottom looks to be good timing. Good results and possibly climb back through 200p. Any peace deal and we are but a train ride away. This imo is an overlooked infrastructure play to rebuild Ukraine. One only hopes!

Usual caveats

Trek

BANK resolved its warrants overhang in today’s RNS.

I expect the conversion will result in sales at +15p.

I hand BANK on my watchlist as an AI play following the rise through 1p. Now 20p!

That one and ROAD from 10p to 50p hurts! Finding em is one thing buying or in the case of ROAD buying and holding is another! Ouch!

Trek