Member Info for TrekMadone

Up on a down day at last! I have now bite the bullet and averaged down here. Also added to my position at BYOT if anyone’s interested in checking them out over there, got a way to go yet imo.

Trek

One billboard in Beijing and boooom! I reckon the directors have had to sit on their hands until the Medimark review was over before they could buy. Note some earlier director buys much higher sp!

Trek

My short to 551 looking good, was think of flipping long from there but an, gonna cash out. That’ll be 40 pts from 591. Nice.
Gla
Trek

Ha, 2.6 here we come?

Glad to be back in!

Trek

Look at MCAP else you loose a sense of perspective. Veritas 3D seismics, the best £100m, licences £Xm, work to date and cost of cash etc, you get the gist this imo will be a £200m MCAP ahead of drill. The market is just attributing value as we get closer to spud. Plenty of upside yet but it won’t be in a straight line. Imo Peeps buying now may get below the next trading cushion for a comfortable ride to spud. Now that will be fun!

Trek

Brill sleuthing shellguy, pretty clear they have finished selling and are now waiting for txp’s next steps. So I guess if it looks like they will need to raise they may sell more in advance to fund the raise but if not they may even add more. So a topslice for now to give them options for the next steps.

This is where PI’s have an advantage, I think anyone in around 25p can hold for the upside and if they do raise given the statements and intent to self fund it will be much further down the line, e.g. for Royston Capex, by which time any discounted raise should be far higher than 25p.

Good note from the broker, obviously they had a heads up yesterday or they got one smart cookie there!

Trek

Yes I’m please it has gone to an infrastructure group rather than End user. My concern was around all the issues EU supply brings, fine for major industrials but this is a great customer to have on board. I think the fact that we got the RNS on a Friday is also recognition that they have listened to the likes of Agadem and released ASAP rather than the usual Tuesday/Thursday cycle.

However, I expect only a short term lift in the sp because I think it’s trading not fundamentals that have the upper hand atm. Those in HUR will know what I mean and if that is the case now really is the time to average down or buy taking advantage of evident undervalue with imminent news flow. More to come!

Imo and all that

Trek

Hi Stt1, absolutely you are correct re Medimark did not meet expectations. That is why the deal was reviewed and why after the subsequent close period we now have director buys.

I sold outta here a while back with a small loss. I have now bought back in at a higher price. It’s a different co and a different landscape. May prove wrong or the best decision ever but some investors just don’t get that things change. Byot has changed,

Trek

Two speeding tickets, bet there’s an EOD auction as well.

Trek

Brief...
# MF Result
# FCP office set up
# war gaming
# EA decision
# ops mobilisation
# spud

All in pretty quick order. Two price points. MF then EA and you can be sure of shell! Lol!

All imo

Trek

Also selling doesn’t necessarily mean they want out. Could just be a top slice to leave risk money on the table. And like you say sp up so a good market for them apart from us! Be interesting to see if they sell another full %.

Trek

So improved terms on Medimark takeover. Probably nets out to around a refund of 0.5m. Interestingly they took stock and cash when they could have given the cash position had all cash. Most importantly is everyone should be pulling in the same direction now. We all know there is a huge marketing opportunity here to provide a product that people need. Get on with it!

Trek

“Good point jgb. a higher SP if we continue on our own !”

Incorrect a much much much higher sp if we get a farm in on good terms. Why? Because the biggest risk are finance to complete, finance to perhaps side track, finance to multi drill, finance for route to market.

A farm in could remove all these spectres and make the money we have last longer which is why it will imo happen. A farm in RNS will probably more than double the MCAP because it substantially reduces the finance risks for an unchanged enormous upside.

Trek

Imo this is not a P&D, lth’s will remember the rises from 2p to 3p and then days of a whole penny to 6p before it really took off! Sure there are more shares now so taking a third of those rises will do nicely. What’s encouraging is although one can never be sure it looks like mostly sells today. Peeps getting off the bus and the MM is happy to let them off because the next ticket is going to be more expensive. Next stop MF, then EA, then rig contract, then drill site, then rig mob and at any point in between farm out which could be for a multi drill program and if so it’s going to get very very exciting. It’s such early days (after 9years lol!) but you know what I mean and why the mm is happy to take take take. The house usually wins!

Trek

If this price has been manipulated down to collect stock across nominee accounts ahead of a bid then surely given the turnaround expected after this update a hand would be shown soon and we will be back to reasonable value. If it’s short covering then surely they have had their day and will be closing positions. If it’s nervous investors, surely they are now appeased so will stop drip selling and even buy back. If it’s water freaks then the numbers don’t lie and they are well and truly diluted!

All logic dictates that sentiment should change and we should move up quickly

Unfortunately that is just a view based on logic.

Trek

“Production will continue from the 6 Well on a standalone basis until late January, at which point both wells will be flowed concurrently. Results from the tests will be presented at the Company's Q1 2020 Capital Markets Day. ”

I just wonder if we may get an RNS saying both wells are now flowing concurrently with no water issues (a bit more techie obviously) and further details will be presented at the cmd.

Well we could do with it anyways,

Trek

8posts, 44trades, £160 odd k and we keep moving up. So still very below the radar and a pretty illiquid market. Cascadura needed a bigger boat and if this thing is jaws like it’s gonna absolutely rocket. Of course downside is also true but we traded to 20p on coho and even if Casca isn’t a monster it should still be big and with more zones to test so looking at the downside we have a pretty good cushion imo even from 30p and as for the upside.....wow!

Trek

“The sooner the BOD announces a plan for a full listing, the better.”

Imo it won’t matter a jot. This fall is down to traders putting out fake news and milking any chink in the comms strategy from a top engineer that is trying to be a top Ceo. I am in ARB, listed on main market and behaves like it’s on aim, look at how TCG was traded. There are lots of examples. Sure some funds will only be able to buy on main market but I suspect others will only be able to hedge main market shares. This will remain a traders train set until the numbers are out then hopefully sentiment will change and so will the sp. I am surprised a 50% retrace in sp doesn’t warrant a statement of sorts but hey wtfdik.

Trek

Put foot in door with a 100k buy as a punt in case they land the byotrol24 deal but please don’t post death numbers it’s macabre.

Trek