Member Info for TrekMadone

Expect director buys RNS soon from our new man. Also could be a few miners switching the lights out as BTC is clinging to $7’s.

Trek

£1

AEX, I was there a long time back at around 9p and sold at 14 from memory (2011ish). What are they now, how many shares? What does that say about the management behaviour, they’ve had new folk in but habits haven’t changed. A bit like NUOG, RKH, DES, CAZA, XEL all the rage at the time. Credit to AEX though at least the lights are still on.

HNY all and trust no one in this game. Having been investing on AIM for 20 years I have done well but suffered many losses and one thing I have learnt is there are no shortage of surprises and very very few CEO’s here deliver. I am so far impressed by PB but then I was also recently equally impressed by GH at ECO until he withheld info making it imo uninvestable, likewise at I3E and BLOE. Lots of folks here got a lot riding on this one ( a big % of my pension is here) so if you are looking in PB your skills are unquestionable just keep up the integrity and don’t succumb like many have done before in this casino. You will find investors (not traders) respect righteousness and they will put their money behind good management with good behaviours.

All the best longs.

Trek

Hi Brynjon,

If not already included can you add

GFIN
TXP
SAVP
ARB

Thanks

Trek

Thanks for posting, interesting that they note management as key and yet they then go on the rate ECO as a conviction buy given the porkies that we’re told or rather withheld from the market. TXP is a much better buy in the E&P space. Anyways I liked the technicals on ARB.

Trek

£1

£36m MCAP, producing, free cashflow, excellent loan facility more drills planned in 2020 all high Cos. Coho to add 50%, Cascadura unknown atm but will probably double production. £100m in revenue next year is achievable a £360m MCAP is achievable. 10 bagger potential! About as low risk in this business as you will see. Buy.

Trek

I haven’t checked but from memory it’s just small numbers as part of a regular sharesave scheme. Needs to be 3% then every full 1% thereafter.

Good volume today, 1m traded in quiet period and 8% up. More importantly is the spread an amazing 1.32%! That shows liquidity has been restored moving up with ‘plenty’ of buyers and sellers means we should get some sticky hands from here. I am looking at what else I can sell to add in here but everything is going up atm! Waiting as I think some other shares will peak but this one really looks to have legs and news for +30p. But hey timing is everything and usually only works with hindsight!

Trek

Looks like it was 3.2. Markets in for a super a January imo and small caps thus far unloved will start to catch up esp those on the cusp of becoming cash positive. I expect that pent up takeover fever to also come to the fore now given better economic stability. Trek

Nice one JC, I guess you are neutral on TXP but have won the argument! Lol!

Trek

Thanks, getting a bit sensitive in my old age, didn’t see the removed post.

Apologies Shakeyerbooty, and well done if you reported ‘the idiot’.

Trek

Hope you didn’t mean me shakeyerbooty... I know we are producing, how else would you have ‘cashflow of futures options’ as a potential funding option...

My point is OMJ could have written his missive in a far more upbeat way but seems he missed the boat!

Trek

Miti....

67.2m sold and we didn’t visit your 17p entry. That’s a pretty firm line under 20p, 19.5 Intraday low. Imo worth considering putting at least half in now and covering with half if you are concerned and still intend to invest as we may just be saying good bye to 22p. Not advice just comment.

Funny how the massive volumes haven’t shown up as daily trades yet but they do appear in the daily overall volume summary. I suspect they were OTC or off book and surely we should see some TR1 action soon with 67m from 996m shares traded. Wonder who took them. Not the RNS some may have wanted but I have always said movement will probably come down to one trade tipping this one. Mind you I didn’t have 67m shares in mind! Booom!

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00BP41S218GBGBXAMSM

Trek

OMJ comments on TXP, I don’t agree with him but it’s important investors know some of the pundits views...

“More realistic news from Touchstone Exploration (TXP) which announced strong test results from its COHO-1 well, plus an oil discovery. In the New Year, they're going to comprehensively test the the Cascadura-1ST1 well and, if the findings are positive, it will set up a development drilling program. Still to be resolved though is how this would be funded.”

http://oilmanjim.blogspot.com/2019/12/aaog-bloe-sou-uog-rkh-txp-ujo-rbd-solo.html

Of course funding needs to be resolved, ffs. See how it’s posted as a negative. We have an amazing opportunity we got oil we got gas we got world class assets. Look at all the duffers insti’s have funded on aim before they have even drilled anything. If we need money there will be a queue of options and that doesn’t necessarily mean dilution. There is rbl, cash flow, futures options, farm in, as well as a placing if any but don’t expect a big discount. Any placing would be based on ‘anticipated ’ Sp appreciation based on test result from coho and casca and may even be at a premium due to demand.

Trek

“...any (further) positive RNS' should have a bit more of an impact on the SP.”

Hope so telegraphist coz at the moment it’s like having a pss in a dark suit, you get a warm feeling but nobody notices!

Trek

Come on guys let’s get serious.....

Has anyone ever seen a seagull in a tree?

Trek

Yes he did, he was commenting on a possible takeover due to low sp and said they would have to look at any offers responsibly but there was a massive disconnect between asset value and sp as evidenced by recent transactions or words to that effect but you get the gist.

Trek

Hi FBT1,

Could be a very good entry. Just an observation, the sp tends to dip around 13:00 then pulls back end of day but the price shown on google is not always what you can pay on the auto trade. It may pay to ask your broker to add manually to get a better price. Apologies if ‘eggs’ and all that.

Trek

There has been some massive volume, any Polar shares are long gone now. This is the difficult bit for investors and that Is having done ones research and seen that the regulatory news exceeds ones expectations to just ignore the SP now until the next set of news. It sometimes pays to just look in when there is an RNS unless you are trading or timing adding to your position. I am not going to be too clever here, short of some black swan event I will review again in August as fully invested, well, ‘over invested’ such is my conviction.

GLA

Trek

https://www.valuethemarkets.com/2019/12/19/touchstone-explorations-reveals-final-production-test-results-for-transformational-ortoire-well-txp/

Nice write up...

‘In Thursday’s update, Touchstone said that a final 24-hour extended flow test rate on Coho-1 was confirmed at 11.6 mmcfd (1,925 boepd) at an average sandface drawdown of only 8.8pc. Meanwhile, the business said modelling support initial production rates of 10 to 12 mmcfd (1,667 to 2,000 boepd) gross and 8 – 9.6 mmcfd (1,333 – 1,600 boepd) net. Finally, flow and build-up test results suggested an absolute open flow rate of 46 mmcfd -approximately 7,671 boepd. Elsewhere, Touchstone said it encountered no physical subsurface boundaries during its test period, and that gas analysis indicated pure, sweet, dry product with 98.7pc methane and no hydrogen sulfide.
Chief operating officer James Shipka added: ‘Final testing of the Coho-1 exploration well displayed natural gas rates that greatly exceeded the Company’s expectations and is expected to materially contribute to our near-term growth. With production testing and analysis completed and verified independently, the Company has a clear indication of the potential of Coho-1 and is moving forward to bring the well on stream in the first half of 2020.’

More info on link

Trek

Translated.... to achieve a result like this you usually have to drill deep off the coast of Africa! The profit from this due to low costs and flow and gas quality well it’s huge!

Trek, off to break 80, just like TXP soon!

Checked co website, London stock exchange and here. Not looked at TSX as follows London. Flipping carlsberg RNS if true! Anyways out to play golf but you can bet I'm gonna peak!
Trek