Trinity Exploration & Pr... Share Discussion Threads

[jungmana] 12/1/2017 08:16

6.75p is a buy. That's the offer price right now. The overhang will clear in a week imo and this should be in double digits.

[comedy] 12/1/2017 08:06

dont miss the sale?:)

[comedy] 12/1/2017 08:05

lol if you say so???were the placees under arrest and forced to buy the stock at 5p???

[gimmetheloot] 12/1/2017 07:54

400000 placing shares reported as a late sale this morning , placees happy to get shut of stock!!

[yasx] 11/1/2017 22:49

I bought again in several tranches at just under 6.5p today.

[yasx] 11/1/2017 22:48

Do not pay any attention to Phoenix - he was here months ago claiming he was short and so on - well, have you closed your short today? Or, as is likely, was it a figment of your imagination? Whatever happened to the stone cold certain sub 1p restructuring? Chuckle chuckle.


yasX 6 Apr '16 - 07:48 - 2788 of 3112
Phoenix,

There is no indication that Segal are done buying - indeed, given the three announcements yesterday one might reasonably argue that they are continuing to mop up loose stock.

I rather doubt you will get your 1.25p - it is more likely you will have to buy at prices far higher than where we currently sit. Any whiff of a deal and it is off to the races. Segal must have in mind a pathway to crystallise a gain on the purchases being made. Quite what that might be remains to be seen, but it is significant that the Trust is buying and now holds a fairly thick slice.

yasX 14 Apr '16 - 07:51 - 2818 of 3112 1 0 Edit
I am hardly worried by the twaddle from Phoenix. I merely point out that it would make sense for Segel if they wished to continue building a stake.


Phoenix Equity 13 May '16 - 10:32 - 2849 of 3112 0 0
Rights issue next week at 1p for 2 billion shares for £20m.


Phoenix Equity 31 May '16 - 09:52 - 2875 of 3112 0 0
Shorting going on here. I'm short 1m now and will close at 1p.

Phoenix Equity 10 Oct '16 - 15:41 - 2930 of 3112 0 0
I can't see that. I'll buy for 0.5p

[mark10101] 11/1/2017 22:28

Yes oil probably was in the recovery phase but many were predicting lower oil to come and it was still a very weak environment to be trying to be selling assets. I was glad when the sale fell through and much happier to be in the current position.

[mark10101] 11/1/2017 21:50

Interesting to think we arrive back on the market less than the $20m for the onshore assets that were going to be sold when oil was in the doldrums and the buyer knew our financial position, so hardly likely to be a punchy offer. Funny market which is why I am still happy with my buy at 7p this morning and won't try and trade.

[comedy] 11/1/2017 21:25

Mavinwood became restore...rest...see after the churn how share price just grew over several years...personally can't see many getting in here at 5p to sell out at 6p...especially as we were in trouble and share price was under 2p????
We have had block buys of 1mill and 250k buys...also had 250k sells...but all this churn will be over in short term as placing only 180mill...and my bet is people who bought blocks didn't buy to make 1p per share on it...look at the directors and the amount they bought??? £1million plus ...my take is they have room to suck up more stock before they hit 30%...plus oil price keeps going up and we can get 30p to 40p with a year time frame...this short term volatility is chance to build up free shares if you can time the swings...and the more that people want to hold the lower the free float...plus minute we get decent operational news then we will be in a new double figure range.

[jungmana] 11/1/2017 20:04

Once not ones

[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