Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 21/2/2017 13:23

Yes we have been pretty range bound for months on WTI it could add a nice tail wind if it shifts to a new range.

[westmoreland lad] 21/2/2017 12:59

not far off Mark ---------------

The April contract for global crude benchmark Brent was up 0.9% at $56.68 a barrel while its U.S. counterpart West Texas Intermediate gained 1% to $54.31 for March deliveries.

[mark10101] 21/2/2017 12:24

Yes if we can break $55 WTI it should push us into the $60's that will do very nicely with the new streamlined cost base.

[marvelman] 21/2/2017 11:42

The MM's are playing this brilliantly well. There must surely still be a substantial hangover of shares from the funding needed to be facilitated and yet the share price is moving up readily. This demonstrates the resiliance of the underlying worth of this company and also underlines the fact that true value is clear to those buying in at these levels while allowing the funders to make their mark up while exiting in an orderly manner...win win.

[aimmafia] 21/2/2017 11:23

Nothing goes up in a straight line. We will be much higher by Friday.

[woodpeckers] 21/2/2017 11:08

Oil price doing very nicely today, all helps.

[marvelman] 21/2/2017 09:52

I think that depends on how confident one is Big Fella. Not many AIM shares pass that test. For me, debt is a big issue and is why I bailed out of TRIN when it was clearly in trouble and with no way out except to re consolidate (which it was very fortunate to be able to get away with). I lost money then and learnt yet another lesson (as I am sure did the management of TRIN). This is a very different situation and a rare one as you and Zengas have demonstrated so well in the header. It is therefore one of the easiest hold decisions one can make as I am sure many on this thread feel also. Regards.

[the big fella] 21/2/2017 09:42

Zengas yes the only thing we need to do is sit back and wait. Easier said than done for some :)

[aimmafia] 21/2/2017 08:47

15p today once she opens her legs

[runwaypaul] 21/2/2017 08:21

im in no rush gl

[zengas] 21/2/2017 07:58

The 2 valuation examples in the header (both on P2 modelling and S.A producers relative to reserves, production and debt and costs) imo show how far from fair valuation we are at 14p and why the gap will steadily be closed to a more realistic comparative level.

1) P2/C2 valuation = 33p and in future moving the 2c discovered oil to 2P adds a further 21p = 54p target.

2) On the 3 detailed example companies above = 23.5p - 34p - 37p range for Trin on that comparative basis.

[aimmafia] 21/2/2017 07:35

Delayed 14.25 trade. We could pop 15p today no problem

[the big fella] 21/2/2017 07:30

Interesting discussions on valuation. The one thing for sure this is nearer the start then the finish line. There will be peaks and troughs along the way but so long as WTI stays strong we are invested in the right company

[aimmafia] 20/2/2017 21:27

Yasx I totally agree. But this is AIM and of course valuations don't match up to where they should be. I would be happy if we match sqz market cap sometime soon. However on paper I see us at least 25% - 35% more valuable. Our reserves are huge compared to sqz unless they unlock Columbus but that could be years away yet.

[aimmafia] 20/2/2017 21:24

Mirabeau I hope this time you will be patient

[3dwd] 20/2/2017 20:43

May add again !!!

[yasx] 20/2/2017 20:37

AIM,

Serica is a reasonable company (I held at 6p but banked my profits a while ago). However, as I recently pointed out on twitter (twitter:ftseyas) it does not have as robust an asset base nor does it have the development potential. TRIN ought to be be valued higher than Serica in my view.

[aimmafia] 20/2/2017 20:27

I believe we should be somewhere around sqz market cap. We are way short of that and we have more reserves.

[mark10101] 20/2/2017 18:59

22p would be £60m MCAP which is a sensible valuation on what we know now. However VOG went to £70m MCAP today with a revenue of $4.9m for the qrt. Our gross profit is more than that per qrt with revenues over $11m at current production level.

[kaos3] 20/2/2017 18:23

it will be important with how much force the share price zooms through resistance areas in order to determine how high it can go without news

[mirabeau] 20/2/2017 18:20

That's a profit of £125.31..just another £8895k loss to make up!!

[aimmafia] 20/2/2017 18:01

That chart is pointing straight to 25p like a bulldozer

[marvelman] 20/2/2017 17:39

Well that chart is saying get out of my way and I'm not going to obstruct it by selling any...thats for sure.

[mark10101] 20/2/2017 17:36

Ross when there was just the three of us on this board and we first heard of the restructuring, I thought you were happy to take 10p and scoffed at anything higher? Still here and like us other long term holders you deserve this rise.

This move has the feeling of much more to come.