Trinity Exploration & Pr... Share Discussion Threads

[the big fella] 07/3/2017 09:17

I think we need a couple of days cooling off and consolidation before we move past 20p. We have seen this a couple of times already during the re rating and each time it rebounds, the bounce has been stronger than seen previously. No reason to believe the cycle won't be repeated given that this is trading at half its current true value.

[aimmafia] 07/3/2017 08:55

Jung I think we will be nearer 19p today

[jungmana] 07/3/2017 08:30

Imo we will see 20p+ this week.

[aimmafia] 07/3/2017 08:10

That treeshake was healthy trust me. We desperately needed some shares back. Blue day in my opinion.

[aimmafia] 07/3/2017 08:07

Let them sell. It's healthy. There can be virtually no shares around.... without this sell off the stock will be illiquid

[mark10101] 07/3/2017 08:05

Looks like a few early sells going though, I would rather have a down start to the day than a continuation of the rise. Let's hope we get a mid morning brokers note, I think there was more behind the recent rise than Malcy's pod cast.

[whiskeyinthejar] 07/3/2017 07:43

The technicals arent stretched imo because you have to expect a high rsi given the transformational change. TRIN was looking pretty screwed but now it has bright future. So how quickly would you expect a restructuring transformation to be priced in? Not overnight, but it shouldn't take more than a few months either. I don't see buying drying up until the new financial situation is priced in. And by then we may have more reasons to hold.

I trade on momentum as well as value. So I build positions, let my winning trades run and try to close out my losers quickly.

IMO if you take a profit too soon and sit on losses instead, overall you'll lose money on the market.


Its not intuitive. People think the share price is going down means -'its cheap so time to buy' or share price going up means 'its 'time to sell'.

Doesn't work imo because cheap shares tend to get cheaper and shares going up, tend to keep going up.

Or put it another way- both share prices and markets tend to over shoot both to the upside and the downside. IMO you don't want to be caught on wrong side of this.

So I topped up yesterday because I build into a position, momentum is bullish and my exit point (based on value) is some way off. Im not going to try to trade any pull back as Im not really a trader and I think the spread is too great.

[mark10101] 07/3/2017 07:42

One of the few interviews out there about Bruce Dingwall, from 2013 but gives a good profile and shows new comers a bit more about him. The hope when I first invest in 2014 was that Bruce would follow up his success in the North Sea. Taking a start up to a 1.2billion take over. Maybe this time round for him with TRIN.

[aimmafia] 07/3/2017 07:35

Looking forward to today.... let's break 20p and push towards 25p shall we.just round the corner. Only 35% away from my original target now. Almost there and we are only just approaching anywhere near fair value

[wwick] 06/3/2017 23:13

I won't be selling any of my chickens for the price of an egg. There are too many near and medium term catalysts to value appreciation. Happy to sit on this egg for a while and realise value. Catalysts include firstly broker notes and buy recommendations followed by a company update. Later in the year we will see a further company update and revised broker recommendations. DYOR (Dec 2016 RNS + Malcy material). Were TRIN out there blowing their trumpet when they restructured and massively trimmed costs? No, their culture is clearly understated, therefore, set your sights high! Hold on tight!

[serge gnabry] 06/3/2017 21:34

excellent volume today, well done to those that took profits always a good feeling.

[jungmana] 06/3/2017 20:58

Yasx, good on you to take some off the table. I closed my spread bet at 17.5p but holding all my shares. That one will pay for weeks holiday in the sun.Onwards and upwards to 35p by summer.

[aimmafia] 06/3/2017 20:51

1st set of news will be April..... this is good for me as I think we will continue a steady trend upwards until then..... In my eyes the market will mostly think the update will be positive which is a good catalyst to keep this progressing towards 35pI don't think this will pull back more than a couple of pence at any point going forward.Given the fact that we are still hugely undervalued and we are expecting a news update mid April, they are the catalysts to keep volume up and move the share price upwards week by week.Have a good eveningMafia

[yasx] 06/3/2017 20:22

All,

I have been in since just over 2p prior to suspension - notwithstanding he fact that this has yet to reach fair value, I today sold a fair chunk given the substantial rise. I think the speed of the rise might see a degree of profit taking, but, we will see.

[mark10101] 06/3/2017 17:52

If we pull back that will reset things and keep us in the chanel so I will take that. Alternatively we could about to have fireworks if news hits in the next few days, I am still at 100%.

[brando69] 06/3/2017 17:26

RSI now at 80. I took that as my trigger to sell a third, in expectation of a pull back to around 16.50, so i can buy back lower. If not, I'm happy to run with my 2/3rds or maybe buy back higher. But RSI of 80 normally works for me as a sell indicator

[760il] 06/3/2017 17:19

Nice 1 people.

Let's hope we see that 25p we chat about last month.

It's still under radar, and hopefully will stay like that till 25p. :), then stampede to 35p :)

[zengas] 06/3/2017 16:47

I don't mind if it consolidates around the 1st target level. Plenty of upside beyond that with patience and operational success given the infill P2 drilling locations and C2 development expectation.

[jemjem] 06/3/2017 16:44

Have a safe flight toon. I'm sure it's been a tough month in the sun while TRIN pushes ahead ;-))
By the way - I think you forgot the other million you got at 7.0p through DMA.

[aimmafia] 06/3/2017 16:03

Maybe everyone was a strong word but majority of the twitter crew just ignored my drum.Apologies xx

[the big fella] 06/3/2017 15:31

Yes, with confirmation of production levels and stable oil price 30p+ is a reasonable valuation. Using the cash flow wisely could easily double that within 12/18 months.

[jungmana] 06/3/2017 15:25

Ross, my next prediction is 35p by by mid - may. That's within 7 to 10 weeks from now.We should get one or two good rns by then.Onwards and upwards

[moormoney] 06/3/2017 15:24

Wow 😳 !

[mark10101] 06/3/2017 15:23

AIM, it still feels TRIN has yet to have a blow out top in this first run. I still think even when it comes that top will be surpassed later this year. Lots more news and PR that can carry this further.