Trinity Exploration & Pr... Share Discussion Threads

[skyship] 20/3/2024 13:05

AQC888 - 60,000
Invest Ted - 24,388
Lexus880 - 74,000
Masterfly7 - 14,500
Nafafa - 88,305
nocents - 74,500
Pavey Ark - 114,380
Reiton1 - 357,671
Shabby1 - 180,000
SKYSHIP - 185,000
Sleepy - 250,000
Value Hound - 40,000

Total so far - 1,467,744 (3.78%).

[masterfly7] 20/3/2024 12:34

14,500 happy to add

[lexus880] 20/3/2024 12:26

Shareholder activism

Shareholder activism, an influential force in corporate governance, is a key component in shaping M&A transactions.

Activist shareholders can use their equity stakes to pressure management and boards into making changes that align with their interests.

In the context of M&A, shareholders might push for or against potential deals, advocate for better terms or challenge the actions of directors.

The Companies Act 2006 provides certain rights to shareholders, including the right to call general meetings if they own at least five per cent of the company’s paid-up share capital, giving them a platform to propose resolutions and voice their concerns and influence corporate decision-making.

[lexus880] 20/3/2024 12:25

Just a refresher:

Shareholder activism

Shareholder activism, an influential force in corporate governance, is a key component in shaping M&A transactions.

Activist shareholders can use their equity stakes to pressure management and boards into making changes that align with their interests.

In the context of M&A, shareholders might push for or against potential deals, advocate for better terms or challenge the actions of directors.

The Companies Act 2006 provides certain rights to shareholders, including the right to call general meetings if they own at least five per cent of the company’s paid-up share capital, giving them a platform to propose resolutions and voice their concerns and influence corporate decision-making.

[lexus880] 20/3/2024 12:06

NOCENTS:
Would you post a copy of your email so that if anyone wants to follow you, we'll be on the same page?

[invest ted] 19/3/2024 21:09

I've got 24388 and sat on a 50 percent loss.

[nocents] 19/3/2024 20:53

FYI
Vigo has passed my email to management questionning the vacuum of communication re.Jacobin, pump, etc.
Second email in 3 weeks(.
There is nothing stopping others.
[e-mail]
Patrick D’Ancona.
Decent guy.

[skyship] 19/3/2024 20:30

reiton - a very welcome addition - a good step on the way to the 5% threshold.

AQC888 - 60,000
Lexus880 - 74,000
Nafafa - 88,305
nocents - 74,500
Pavey Ark - 114,380
Reiton1 - 357,671
Shabby1 - 180,000
SKYSHIP - 185,000
Sleepy - 250,000
Value Hound - 40,000

Total so far - 1,428,856 (3.68%).

[relton1] 19/3/2024 19:54

Rarely post but always read.
Share holding of 357671 available.

[nafafa] 19/3/2024 16:11

Presently I would be prepared to cut my losses and accept 80p. My concern remains that there is an alternative agenda here to drive down share price and take the business private for peanuts!

[nocents] 19/3/2024 14:24

Do not forget the other very large shareholders, some of whom hold large stakes at well over £1. It cannot be taken out if they resist.

[lexus880] 19/3/2024 14:05

I am sad to say I think the writing has been on the wall for some time. This will be taken out for peanuts at the small shareholder's expense.

[pavey ark] 19/3/2024 12:57

Having sold most of my Dec 18th purchases (32p av) at 47p average I thought I was on a bit of a roll.....next stop 60p and the sale of my low 50p buys ...."not so fast there Warren !!!"

However when the EV drops under $10m it is perhaps time to think again.

This enterprise value means that a "steady !!??" production of c. 2700 bpd , Galeota and all the other assets are being valued at UNDER $10m ......hmmm.

Bought some back earlier this morning.

Like most here I have no great faith in current management but cash is rising and there is no drilling so things MUST(?) improve .

(I still see 100k as my core holding as there is real upside potential if things are done the way they should be done.)

[nocents] 19/3/2024 11:39

Your holding does not prevent you from leading action(?). Your unwillingness to do so is a personal decision of your own making. If you wanted, you would. You don’t want to. Have you emailed or written to Vigo or the board? Or done nothing. You can rally the troops with loud shouts, but if you are not willing to pick up a sword or lead a charge yourself ,and leave it to others, it is a vacuous gesture.
I have again written. At least I am proactive. Yes it is not good enough, and shareholders are being deeply neglected.
Hence action of some kind. If not, communication.
Meanwhile, the oil price does mean a good profit-making revenue every day which does help. Those holding should not forget this. The numbers coming in ( zero SPT) should be prosperous.
A great time to market Galeota. And we were led to believe that 15% of cash generation will/should be returned to us.
Now what about this pump??

[skyship] 19/3/2024 11:06

AQC888 - 60,000
Lexus880 - 74,000
Nafafa - 88,305
nocents - 74,500
Pavey Ark - 114,380
Shabby1 - 180,000
SKYSHIP - 185,000
Sleepy - 250,000
Value Hound - 40,000

Total so far - 1,071,185 (2.76%).

[arlington chetwynd talbott] 19/3/2024 10:28

They could and should have come totally clean about Jacobin at the end of last year. We knew the pump would be a waste of time and money, they knew the pump would be a waste of time and money and the market knew the pump would be a waste of time and money. Numpties. The current share price is the market anticipating being told what it already knows. We could instead have been talking about the potential silver lining that is the Jacobin shallows and the share price might have recovered to 50p+. Absolute numpties. Nice to see lexus880 joining the fray - more than half way there. I wish more folk could see that the BoD are the problem here and understand just how enthusiastically the market would welcome fresh faces and a new strategy. No point repeating myself here though. I have more than enough goldbug stuff to be getting on with, so I will see you at the next update.

[lexus880] 19/3/2024 10:09

I know we are in the pits, but the FTSE100 hit 7700 in 2019, and it's around the same today.
The DOW was 28000, today 38790? we got a lot of catch-up.

[skyship] 19/3/2024 08:35

AQC888 - 60,000
Nafafa - 88,305
nocents - 74,500
Pavey Ark - 114,380
Shabby1 - 180,000
SKYSHIP - 185,000
Sleepy - 250,000
Value Hound - 40,000

Total so far - 997,185 (2.57%).

[skyship] 19/3/2024 08:33

vh - OK, will add to the list

In the meantime I see Brent North of $86. TRIN coining it, but still we languish. Incomprehensible!

[value hound] 19/3/2024 08:30

Only just spotted the 'collective action' possibility - happy to add my rel' measly 40k shares to the total.

[arlington chetwynd talbott] 18/3/2024 20:14

As nocents has pointed out, their silence evidences their arrogance. Their silence is a real shame when WTI is currently looking perkier than it has for months and they should be throwing the market a bone.

[arlington chetwynd talbott] 18/3/2024 09:39

Why would I be, with just 0.068% of the company? But I have certainly lost respect for the more significant holders who are letting this BoD get away with it. I usually say "inept" BoD, but it has become increasingly clear that they are both inept and arrogant.

[nocents] 18/3/2024 08:24

You can say it, but you can’t do it.(And are not willing to organixe it)
Neither can we.

[arlington chetwynd talbott] 17/3/2024 22:58

The best course of action is sacking the BoD. End of. Anyone who doesn’t want to rock the boat right now is, frankly, part of the problem here.