Touchstone Exploration Share Discussion Threads

[spawny100] 26/7/2024 13:49

Shakespeare had TXP sussed in Julius Caesar - "You are dull, Casca..."

[astorcourt] 26/7/2024 13:43

Let us unburden by what has been, and move forward on what can be.

[fireplace22] 26/7/2024 07:15

Shakespeare himself couldn't have put it more succinctly.

[eggchaser] 25/7/2024 17:33

I saw that so they either pony up or the deal with us proceeds.... I'll bet leasehold are hoovering up TXP shares as I type!!!

[dunderheed] 25/7/2024 16:00

Good clarification RNS around lunchtime. Surprised no ones commented?

[kaos3] 25/7/2024 15:22

txp shares are just a currency to txp. it cost THEM nothing to issue - but gives them more leverage - greater company

similar to the government printing money and dilluting current cash deposit holders via inflation. no cost to the government, lots to gain

lets see ...

they can personally only gain by issuing more shares and buy trin .... as over time they will get even more pay and options due to the size of the Co.

their current holdings being dilluted pales in comparison

i hope they stand still

[herman007] 25/7/2024 15:08

Mismanagement causing a situation of being constantly underfinanced and almost paralyzed. With two cas wells online, two more coming online around Sept, and potentially 6 more coming online by q3/q4 next year, everything changes. They can very soon afford to have a few scew ups without having to go to the corner for 6-12 months and sit there idle reflecting on the misery they just caused.

[sleepy] 25/7/2024 14:41

If everything is so great with TXP why is share price a fraction of where it was in 2021?

[herman007] 25/7/2024 14:23

The offer is very generous considering the explosive growth in production that will be happening in the very near future. Let us not forget that TXP has two cas wells coming online in a couple of months, and have plans to drill several new wells in the months ahead. The share price does not reflect this as the company has chosen not to communicate with shareholders due to a news blackout that seems to have been taken a little too serious. In the meantime the BOD and management have benefited from more dirt cheap options. If TXP is even considering to amend their offer, they could offer a cash compensation in addition to the shares if....and only if...they do not meet some very conservative production or share price targets in e.g. Q125.

[redartbmud] 25/7/2024 14:19

Dunders
"whilst the acquisition in itself is entirely logical" if the infrastructure is in place to integrate the business into Txp - I fear not perhaps.

herman
" you can identify good opportunities (whether it is drilling targets or acquisitions), but you need good management to execute and create shareholder value."

Same answer to both questions.

red

[sleepy] 25/7/2024 14:15

Suspect it could also have been avoided if the offer was 2 for 1. TXP shareholders would still have about 75% of the enlarged company rather than c 80% under present deal

[herman007] 25/7/2024 13:45

This drama would could easily have been avoided if the TXP management had cared enough about the share price and its shareholders not to let it fall to these levels. This proves once again that you can identify good opportunities (whether it is drilling targets or acquisitions), but you need good management to execute and create shareholder value.

[dunderheed] 25/7/2024 12:27

Red I posted earlier today whilst the acquisition in itself is entirely logical, IMHO, I personally don't think the timing is?
We should have left as is and if some other entity made a play we could have acted accordingly then? But c'est la vie and I'm now glad to see a holding statement but felt it would have been better served at 07.00?
By all means msans if the LOL offer goes through we can wait and see how they fare anyway? My real concern on this makes me wonder about Balata as weren't LOL the other party and it's kind of sneaky to do what they've done when we are stoll hoping to get dign off on that? IMHO.

[redartbmud] 25/7/2024 12:02

Dunders.

In this instance Txp cannot be held responsible for an outrageous attempt to usurp their offer for Trin and should do nothing.
Anything else would be suicide. They don't have the resources to up the ante.

Maybe when the dust settles and Trin is taken over in a reverse bid offer, the idiots in the room could bid 150%, or even 250%, of the current Txp share price and put us all out of our miseries.

red

[dunderheed] 25/7/2024 11:24

Yep clarification on the issue at last, what took so long?
However that's good to see anyway az I felt they had a legal obligation to update us of court date.
"we" now wait and see what happens with LOL and hopefully simply do nothing.
Unfortunately, this means we will not get the post update potentially on 02.08 as suggested by some but we can peruse sedar mid August anyways?
Best of luck all and as ever all IMHO.

[zho] 25/7/2024 11:11

RNS out

Edit - Malcy's view on last night's RNS:

This certainly came out of the blue to me, the existing bid on the table was deemed by me and most commentators I know to have been generous in the extreme and given the most recent results and updates Trinity is hardly knocking the lights out operationally. The rationale that it would help reduce costs and create a bigger company to go forward was the only, and sensible raison d’etre to me.

To say that I was flabbergasted when I read the RNS last night was an understatement and if it was for the howls of laughter I thought it might not be serious. I look forward to hearing from other, more sensible, rational heads in the sector to come out with something.

[che7win] 25/7/2024 10:04

So go with TXP at 45p as opposed to LOP at 68p...

[spangle93] 25/7/2024 09:06

Red - there's lots of logic behind not raising their offer. One example is that they've been awarded two large exploration blocks since they made their offer for TRIN, so it's not like they are short of opportunities to grow.

However there's also the corporate/CEO ego factor, not wanting to "lose" once a competition starts.

Kaos is all on top of human behaviour, but that would be my concern

[dunderheed] 25/7/2024 08:57

Red in all honesty it could still go through. If TRIN take the cash now thsrs it upside gone but IMHO, the TXP shares do offer considerable upside if everything goes az forecast by management?! IMHO.

[redartbmud] 25/7/2024 08:54

Anyroadup.
Agree with Dunders, they are priced out of the game and in any case they have more than enough on their plate in the immediate future. Enough there to screw up and maybe playing in the deep ocean, when you can't swim, is a recipe for drowning.

red

[dunderheed] 25/7/2024 08:53

37735, hadnae thought of that.
Does someone mind telephoning them?

[redartbmud] 25/7/2024 08:50

Spangle

They probably aren't aware of the counter proposal.

red

[dunderheed] 25/7/2024 08:43

If ever, what the response (so far) to the possible offer from LOL (lol) has not illustrated better, is what I have been saying for ages about the "management" at TXP, I don't know what is?!
But of course such posts are deleted away (elsewhere) or am told to post in the "whinging" thread (factual posts about management under performance delegated to such a named area does nothing but cement positive confirmation bias IMHO) by people who really don't know, what they don't know?!
We need a HOLDING statement (at 07.00 actually) but anytime today "may" help, lol!! TXP have been very communicative about timetables prior to today, I'm a little confused?
As ever all IMHO and dyor!!

Edit damn on phone and takes ages to type and see S93 beat me to it!! As ever in a much better succinct way as well!!