Trinity Exploration & Pr... Share Discussion Threads

[jungmana] 11/1/2017 20:03

L&G had under 3m shares at time of suspension. 5 to 7p is accumulation price for me as I believe this will move fast ones placee seller or sellers clear.

[mawc] 11/1/2017 19:49

L&G were in the middle of selling out when we were suspended. Perhaps they have taken the opportunity to off load there remaining holding. From memory they had a few million left and were happy to take under 2p 6 months ago.

[mdw1] 11/1/2017 19:42

Look at the Notification RNSs after hours; significant stake building going on here; bodes well for PIs going forward.

[mark10101] 11/1/2017 19:21

The 40m was the directors and the Segels from the placing RNS. I would imagaine there are more in safe hands. You may well get lucky with your buying range, would certainly help mop up some of the placings.

[keya5000] 11/1/2017 19:17

Cenkos seemed to keep the PVR price down after the placing due to the selling of the fee shares from the off.

Wonder if history is repeating itself here.

After a decent first day PVR took a dip for several months.

Obviously less fee shares to churn here and a different situation so that may not be the case but surely the reason why the 'gloss' was taken off this today

[ultra capital] 11/1/2017 19:10

Mark There is a lot less than that. I know that directors as well as a few others took shares. Trinity's house broker will probably have took some placing shares to sell in the market - They will have done this in order to raise enough shares in the placing to gather enough funds for the creditor agreement. I didn't hear about the placing with this one but I definitely would have taken part if I had. I am a buyer of 5 million between 5p and 6p.

[mark10101] 11/1/2017 18:37

Well it looks like there is 40m shares in known safe hands from the placing RNS (would appreciate others views on this as only looked through things quickly) so that means there is potentially 140m that may be being sold. This could take a while to shift although I suspect they won't want less than 6p and actually they may find if they raise the share price they will generate more interest and volumn. If they stagnate this it won't alllow them to shift shares. Also within that 140m there may be people with longer term outlooks.

[comedy] 11/1/2017 18:08

well the rns shows the directors who have taken a sizeable stake in co...personally dont think many are getting in at 5p to sell at 6p??? plus if we get a cheap sale..their are many long term holders who can then average down ....so trin is going to be interesting stock over coming weeks/months...the mm's are short as far as i am concerned...and personally any drop to placing i'l top up some more...this share has less than 300mill shares and a large amount ar elocked up..so very little free float...and this morning couldnt buy any at 4p or 5p or 5.5p or 6p...says it all.

[ultra capital] 11/1/2017 17:47

One of the brokers are selling some of the placing shares in the market. How many ? Who knows. Probably take several days to complete. But once complete the share price will re-rate to a more realistic level.

[mark10101] 11/1/2017 17:23

WTI firming again, that is one factor that could get all the oil shares buzzing. Maybe we will have a bit of a run on WTI going into the summer.

[mark10101] 11/1/2017 16:40

Yes, the MM certainly had some book keeping to do today. Just hope RRL don't come down to our level and we go up to meet them and beyond. Seems they have not shaken the TRIN curse of undervaluation. I must admit as Ross was saying last week TRIN has the ability to lack any excitement. I think the comment on TGAL coming into play as early as end of next year, given we are at the start of this year has taken the possible excitement away. 4 wells a year and TGAL in 2018 is a steady ship. A ship which values is far north of here but nothing to whip people into an AIM frenzy. I am happy to hold until the market catches up and hopefully by then there may be more interesting developments. The day I sell TRIN is the day we turn into PANR....

[jungmana] 11/1/2017 16:24

Can't believe RRL (also in Trinidad) is valued nearly twice more than us today.Market must correct this soon

[mark10101] 11/1/2017 15:56

It does seem as if a deal was being worked at around 6.2p most the afternoon, for whatever reason. wherever we close today when people get their heads around TRIN and the new set up the value should start to be realised. I am happy to wait and see TRIN develop their plan which will cement the recovery.

[shafaq] 11/1/2017 15:25

Topped up again.Give it few weeks with the assets they have will come good.

[comedy] 11/1/2017 15:08

lol market is short 7mill if not more in a stock which is mostly locked away:)

[comedy] 11/1/2017 15:07

lol what did i say...the boys are in town...ive topped up with 50k ..if we are lucky to get 5p will take another top up then forget about these till we start to get some operational news.

[goldfinger_1964] 11/1/2017 14:27

5p looks a good entry here.Too many rainbow chasers this morning Wait for it to settle

[phoenix equity] 11/1/2017 14:25

Wait until 5p to buy.

[comedy] 11/1/2017 14:02

ross ive taken another 20k so sat on 120k...happy to hold these till end of year and see where we are as oil seems to have turned.

if they do drop it to try to get back the short stock will double up..and then forget about these...personally dont believe the placeees have come at 5p to sell at 6p or 7p...think most of that stock is locked away...today traders got in at 6p and above...so mm's may target them to try to get back stock they have sold short...personally think this will react like gpx...out of blue it jumped from 6p to 13p in minutes...

also we had 1mill buy this morning...the mm's cant afford to let this get away before they settle up all the stock they have sold today they dont have...so expecting their boys to appear on the bb's telling us we are in a dud stock???

[phoenix equity] 11/1/2017 13:31

Well, well. Surprised you guys have not got a SharePrice in the teens today. Although I suspect one or more of the placees are taking a quick buck on their shares.