Member Info for TrekMadone

North made it clear in their blurb, norb posted the link, that they were freeing up capital in case of a placing and may or may not take part. I guess they have. Question now is do they continue to sell at +40p or do they intend to hold. We may or may not get TR1 because the placing is so small that when you factor in any dilution then add in their shared % of the placing it may not amount to a 1% shift, if they sell or buy lots obviously we’ll find out. Tbh I’m pretty agnostic about them, nothing we can do. I still see this strongly as prove up and sell up. All the other stuff has to be done to minimise dilution, maximise revenue to finance the project to get the best price for shareholders. That’s PB’s cv but he can’t say that so for now it’s heads down arses up!

Trek

Me too, my recent buy is now blue but substantially smaller than my previous 200k which I managed to exit by the skin of my teeth with a small profit. Starting all over again here now. GL.

Trek

Touchstone

yesterday the company announced that it had raised £9m at 40, slightly more raised at a slightly higher price than indicated. Money to be spent on the 3rd well, testing at Cascadura and inevitable working cap requirements.

Or translated, I can’t say more as fully loaded and so excited but I wish Pb would have got back to me on the 14th instead of that proactive babe!

Lol

Trek

“I expected” “ reason 4p imo will be” “I think” etc not wishing to paraphrase but clearly it is imvho that I have posted my view which is as I read it clearly stated as my opinion. Apologies if that has miss led anyone. Just to qualify I hold stock here so most of my views have been biased, although not all, but surely that is for the reader of a bb to decide and like you peeps are entitled to reach their own conclusions. But at the end of the day no one really knows anyway that’s why we speculate.

Trek

Well before this RNS I expected 4p to be a ceiling for obvious reasons but the excellent terms of the financing package changes that, sure as its private based finance a few may have got the hint but that doesn’t mean more leaks. The main reason 4p imo will be breached is because peeps now see a pathway to drill and very likely reading the hints in the RNS via a farmin. So there are now higher derisking opportunities ahead than the 4p. Sure the cautious will unload a few here but I think many will be adding or waiting for the next level which will be much higher and now with finance sorted even lower, much lower risk.

Enjoy the ride! Gla

Trek

I’ve just woke up can you believe it. Switched the alarm off coz no golf and the first thing I’ve done is read a load of rns’s. Cracking night’s sleep. Anyways 40p, delighted. I guess now is the time to watch the reshuffle and imo this is where the PI’s can be more fleet of foot buying on any dips. Also don’t forget we may get a tax rebate soon!. Txp is now awash with cash. This is how it goes, short on finance long on ops. Finance soon bedded in then guys it’s just ops all the way!!!

Poached eggs anyone! Lol!

Trek

.77 cad = .4506 gbp, smart move with buy at 41p. Not so long ago we were happy with 45p wondering when 50p would come. Not much time before that I was hoping it would drop below 20p to top up! Ended up buying 41-44p range! Won’t be long before we are in 50’s again. Canada 10.47% down from the open, imo we’ll soon have more +20% days and higher!

https://www.google.co.uk/search?safe=strict&sxsrf=ACYBGNRu6w-qMmzXG2zOB-C_UI_Vaa3YVw:1582150025640&q=TSE:+TXP&stick=H4sIAAAAAAAAAONgecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uLj0c_UNkrOzsgwLeRaxcoQEu1ophEQEAACSxzQXRQAAAA&sa=X&ved=2ahUKEwjEw_-R0N7nAhVV3IUKHepdCxEQlq4CegQIARAH&biw=1024&bih=729&dpr=2

Trek

Experience talking there sankeys, I think we’ve all learnt a lot about good and not so good placings from our Savp ordeal.

Trek

SimonT, you just need 3.57 and then ride off into the sunset!

Hi coco’ I agree it feels like sht but this is far from a lights on placing. No lipstick on a pig here mate! We’ll get the accelerated book build completed RNS tomorrow, betcha! such is the demand. Highly likely we will also have cascadura test results part 2 with a little what’s next ops update to sweeten us.

I also expect PB to do another proactive and tell us why. This is not time to shy away and I think he’ll lead from the front.

I do think we’ll be lucky to get over 40p or even 39p though for the placing. There’s always a sting to these things, there all in collusion scratching each other’s backs but hey I’ve been surprised before. DCTA (who I tipped here a while back) raised above the sp and were oversubscribed because institutional investors could not buy stock on the open market due to liquidity and of course the company prospects. Txp are in similar position, not as tight but you’d struggle to buy a million quids worth unless you offer Simon 3.57! Lol. And 3.57 is where I really think we’re heading if Chinook and Royston come in. And remember Royston has already tested for gas in 1965 by Shell and it dwarfs even Cascadura.

On reflection I think there is more positivity here longer term than negatives and holders can chill now not worrying that a placing may just come in like a hand grenade. It’s out there and if you are able I’d be more inclined to average down on any dip rather than exit.dyor.

Trek

Hi danna,

Even if you use 44p and 38p the impact is negligible. The ii’s won’t get enough and they will buy whatever they can tomorrow. They’d have had a sales pitch from shore and be hoping for some liquidity from weak hands. Remember we have had to buy in small chunks due to NT. it’ll likely close up tomorrow. I’m gonna try and add again from the off taking advantage of any early dip.

GL stoners!

Trek

This imo is still plan A, prove up and sell up.
We may get Cascadura results part 2 tomorrow. The other Cascada drill should follow in quick order, and simultaneous drilling of Chinook.
PB got over 1.4m shares so a lot of skin and I think North sold in case they had to finance a placing so from profits.
Good news is no complex financial instruments so you don’t get the fkrs taking up warrants shorting it and selling to cover. It’s pure equity and for a rapid drilling program + working capital.
It’ll be oversubscribed, wish we 60% PI’s could buy but they want quick cash. I expect the book building to be completed tomorrow and the a price to follow pretty quickly. Remember 38p is the minimum. We should get more, I’m hoping for over 40p coz there is nothing worse than the placing was oversubscribed RNS and they only raised at the min sp. Shore gotta raise their game!

The pf is gonna look pretty grim tomorrow esp now I have over 230k shares but I guess it’s no pain no gain and by July we could be well over £2 and with so many drills there should be plenty of opportunities to derisk.

I do feel a bit let down, a bit naive believing the rhetoric but I trust that PB knows as best as possible what lays ahead and we should now at least ascertain full value for the block for plan a and if not and we produce then plan b will have some massive dividends from this sp level.

Trek

Hi nen, I’ve also sold out of ncyt and byot now with nice profits, sold also wsg at small loss, just bought in here again 32165, probably last trade of day, hoping AK is a little more streetwise and has decent news tomorrow/next week. I have some powder dry if needed but still buying txp which I really think will hit £3 this year if next two drills deliver. Gla
Trek

Sorry variations should be valuations. Obviously the point is as we go along this journey the market will probably value txp according to an appropriate discount to a potential take out price. ‘auction’ ‘all the majors’ etc the shell scenario etc imo it’s lining up.

Trek

Hi spawny,

The tcf figure is important I think, and this is my opinion from reading between the lines, that if PB gets to 1tcf or close, he’ll sell us.

In the video he sounded out 1tcf as being considered as being too big for Txp and one of the big boys may take us out.

He is adamant we don’t need cash. He was clear infrastructure costs are not an issue.

Allusion to simultaneous drills on Royston and Chinook. Prove up quickly.

Must fully prove up Cascadura even with an extra drill. Imo This is a protection from low ball bid.

I see plan A is prove up, maximum value and sell up. Look at his previous and the previous of the team.

Plan B is longer term, finance from existing fields and coho. Tie back cascadura, 3km, prove up the ridge and produce. But imo plan b is a smokescreen for plan a which is prove up sell up for fair value and move on.

Get it right and even if just Royston comes in that has already tested for gas and my reckoning is that’s easily £3ish this year!

The lateral variations do help. I made a few bob on DGOC and sold when they changed their dividend policy. Started buying in here lol!

Trek

Just noticed that. I’m now out having sold to pile into txp, where I have held a while now. Was going to sell Av. to buy here as I figured a 15.xx Could be as near to the bottom and there may be a Thursday rns, surely, but imo it needs to be more than a cpr and more than another contract. It’s gonna take a farm in, drilling plan or cash return to get this going now. This market is brutal and another ppt with a sycophantic Malcy interview won’t wash. I think if we see 14p I’ll start to average in else happy to miss out. I’m just mindful of a double bottom at 11.9.

I note HSBA did just that hitting 551 twice, which I managed to short (posted there), and this looks like savp could do the same and if it does, imo, pile in coz it motored from there back to 20p.

Sat on my hands.

GLA, back soon.

Trek

£48.6K looks like a sell looking at time of trade“

Agree probably was but it’s important to have liquidity on the sell side. To illustrate Monday I sold stocks to add here and for several I had NT to sell! What a nightmare. Even by breaking up trades I had to take market best as I wanted to get in here ASAP. The trading helps move resistance levels up. I note it’s still been NT to buy but not to sell even large amounts. That’s not a bad market.

Trek

My my how sentiment changes to the downside. We’ve had a a seller and probably the market knew this, you can see holdings on Argus-vickers, and I suspect a short position(s) opened. Then we had the cv19 and just yesterday I’m sure we got another hit from HSBA (which I shorted, and posted there) as people read across. Once we get back to focusing on ops this will motor. It’s long on ops short on finance/structure a classic play thing. Imo the smart money will be adding sub 60 and waiting for us to get back to operations again. I’m pretty sanguine, having picked up a few extra shares through trading and intend to just ignore the sp now focusing back on the long term.

Trek

Cheers Judge. I can’t help but noticing these indicators.

Look at the volume and only halfway through Feb!

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=CA89156L1085GBGBXASQ1

The video had 995 hits when I looked.
We’ve had 45 posts today, yesterday near 100
Another day (no news) but we’ll over 200 trades

I think that all stacks up pretty well to starting to get noticed. Next couple of RNS’s will help really propel us. However, I do think the house broker could do more. Over 60% of retail shows there is an opportunity there. Im sure we’ll get broker notes when coho is on line and Casca is tested but they really should be doing the leg work now. PB is doing a great job of PR with the data points and the great stuff he’s doing in T&T but the broker needs to follow through with this momentum.

Trek

I reckon it’ll open at 87.50, may even see 89 but will then settle to 87. Let’s see. Best of it is even though we have had a little rerate there is loads of news still to follow!

Trek

May drop further when ADRs trade but that’s it for me. What a ride shorted from 591 to 551 twice! (Check my posts). If it goes further that’s for the next guy. 80pts, nearly £8k in the bag all going into TXP, the share that keeps giving and is only just imo starting.

EZJ and TUI will be my next short, ones riding high on the op atm but neither have factored in fully the impact of cv yet. Just gotta time entry.

GLA

Trek