Member Info for TrekMadone

Hi rossannan thank you for your view. Very helpful. I have invested for this drill. I’m hoping that my risk money will increase sufficiently that I can top slice and forget about the core holding for a few years. TXP looks a classic risk reward candidate imo. Trek.

Well hi EC, nice to see someone else posting here. Sometimes ones research can lead to lonely places. Trek, if you like loneliness check out TXP and DCTA! Loneliness has its rewards!

Oh, I didn’t mention the divi and the commitment to maintain at current levels. Trek, axiomatic!

Couldn’t agree more. This has been on my watchlist for a while now. Been hoping to get in sub a quid, greedy Trek. However, having spent my allotted weekend time researching I will be buying sub 110. Main driver for me is gas price hedging. Smart move imo. We also have possible main market listing in Sept (ref HL) and a note of £1.70 sp target and FTSE250 status thereafter. But I don’t subscribe to the broker views. This sort of co will always trade at a massive nav discount. They are buying back shares and yet the sp goes down. Imo it shows the market is expecting a production hit soon. They managed a ‘stay of execution’ for 6 months with what was it (from memory) 76kboe but I think the sp is low because the market doesn’t have confidence that that boe can be maintained. That seems to be the crux here, the ceo discusses organic expansion in terms of extended well lifelines but contraction is the market view. Imo the catalyst for a rerate is the next acquisition which he also subscribes to. A massive plus is they have said that any acquisition doesn’t require equity and they have targets. Could be an odd one this stop buy back buy another co and sp rallies. Oh the nuances of aim. My view is I would rather they didn’t do the buy back and focused on accretion. Trek GL to all holders here, hope to join you soon with 50% at sub 110 and 50% on the sidelines. Let’s see.

Still shut down. Shows how we can expect competition to pop up when BTC rallies. This is one of the reasons why low costs and mining efficiency are key... ARB made a very good strategic step away from retail imo.

“Dear WinMiners,
It’s no secret that crypto coins and the mining of such coins are undergoing a very challenging period characterized by major price drops and diminishing mining profitability. Mining earnings have come down considerably, to the point that many miners around the world have ceased their mining activity.
While Team WinMiner remains a very strong believer in blockchain and crypto, the current market climate has led us to the decision to roll back the WinMiner token sale and to hibernate the WinMiner service until more favorable market conditions return and allow us to fulfill the grand WinMiner vision of bringing crypto to the masses. It simply no longer makes sense to try and accomplish this in the current market conditions.”

https://www.winminer.com/winminer-hibernation/

Trek

I just don’t get the volume here. I mean Friday was sd all. One would have thought volumes would pick up in July but still low. Odd. Trek, checking my armpits!

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

Zzzzzz,

Well at least we have a cabinet inauguration date now. That may have attracted our buyer. Not concerned but the seven deal may not be signed (not sold lol) until after the summer recess in September. But at least there has been no news to the contrary. Thanks for sharing your research happysparrow. Trek, irony is such that I now have loads more shares!

Gosh I have been here what seems like a lifetime, my kids have grown up and fledged since I bought Bpc. What I have notice though is how we seem to tick up when the markets are in turmoil. Just a coincidence obviously? Trek

Sp looking strong atm. Be nice for all to get back to 20’s. I think once 15 goes our selling should be over and we’ll see some buying pressure. I must say I feel more confident waiting for paperwork to be sold than awaiting a drill result! Trek, office boy!

I think we could see 3p again soon. Holding up well in this market. Nice one to trade a few this as if you miss any opportunities it’s still a good long term hold imo. Trek

Not a reader but picked up on google. Honestly!

https://www.thesun.co.uk/tech/9634852/bitcoin-price-rise-85-all-coins-mined/

Trek

Trek agrees but at the end of the day this is not an investment grade stock. Doesn’t tick anyone’s rational investment criterion imo. Rule 1 back management! Lol. Rule 2 revenue! Rule 3 EBITda positive or growth trajectory. Rule 4 economic moat. Fk me there are loads of investment rules for differing risks, timescales, individual circumstances but the only box this mother ticks is the roll of a dice where the upside odds are so astronomical that if it comes off and the fact is there is a slight chance of that even though all the other rules are broken. That invitation together with the publicly backed science, top 3D seismics and previous drill results are what is tempting just a few punters to punt. Get news and there will be a lot of peeps trying to get in cos 7p will be so cheap imo in the long run. So what we have is speculators with shoot or bust funds. Speculators waiting for news with lower risk shoot or bust funds. Investors spotting the green shoots. Capex investors, well whatever thereafter we’ll be long gone then! Trek.

Hi sankeys, agree but be encouraged that it was an OILQ trade so was negotiated with waver conditions that did not negate said transaction. This is for a relatively small trade (please appreciate my statement is contextual) which implies to Trek that the mm is struggling with maintaining a book at this level. Sp is due another tick up soon imo. If like me you accept PaulCurtis picked up 1.75m shares at 11.6 and couldnt get a cool 2m because the mm was short on book then just salivate. Trek, please don’t wipe my drool! Lol!

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BP41S218GBGBXAMSM.html?lang=en

Gosh this is a tough one to call, not! funds under management are relatively low and second Elliot wave is indicating 320p soon before uptrend again but wider markets set for a correction will disproportionately affect sp. Trek, margin call short. Sell guys before it happens. All imo of course but sometime even the directors get it wrong!

No idea why s l a g g i n g is so sensitive. Trek

Imo that’s the signals I’m looking for. Before I get a ****ging I can only speak as I have seen and experienced. So many Co’s I have invested in over the many years on AIM I have witnessed big delayed sells and then only the next day or soon after a sht RNS lands. Of course the opposite is also true. Watch the volume and anomalies. Trek libellous!

Some brave folk buying in now. Think I will wait. If it’s a tr1 sell then may drop a little more. I have looked through accounts and can’t see cash burn being an issue no need to raise. Revenues could still be sluggish but that shouldn’t knock a lump in one hit as they are expected to up in h2. Hopefully just a force seller if so a great time to average in imo. Trek

On my watch list this one makes no sense. Either seller or new regs somewhere. Trying to work out. Should get RNS really. Trek

I think this has come off as people realise the divi won’t be as much as they may have expected, see my earlier post. Still imo very good value at these levels based on deals struck and recent director buys. Obviously others don’t quite see it that way, yet, but that’s what makes a market. Trek is adding sub 70. GLA whatever your position. Trek

“Fantastic news re Hammerhead 2 and 3. 3 is right in our border, we own part of Hammerhead, at least 500 million recoverable boe”

Clearly shows overlap on CPR, Surprised at the muted reaction from the market based on how you can bet the sp would react if the opposite were true. Still early days and at least volume looks a little better today. Trek