Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 17/7/2017 14:42

No sign of charts breaking down. Things firming up on level 2 so could be the monday headfake MM like with the 3pm switch.

[astorcourt] 17/7/2017 14:29

back into single digits by looks of things. chart broken down, no buyers, its looking dire here.

[squiresquire] 17/7/2017 08:55

Reading up about this share it really does seem to be a total bargain at these
prices. I added Friday and will continue to add as i can afford to. A very nice future ahead of it, short term too.

[shrewdmole] 16/7/2017 12:12

Guys

The management are getting on with the job at hand.

Should be lots of progress from swabbing etc in h2.

They could announce at anytime a shift of 2c to 2p reserves which will increase the nav substantially.

We can't influence the poo but we are one of the lower cost producers so if poo comes under pressure we are better positioned to cope than many and if poo goes up what a great leverage play.

We should barring major problems have 30-40% potential production increase over the coming months and a near 50% increase in 2p that's already 2c.

I'm ignoring the bigger plays like galeota. That would blow everything out the water.

There cannot be a more derisked, low cost producer with such little drill risk on a binary basis.

Sm

[yasx] 15/7/2017 12:21

Rossanan,

I am not sure how long you have been at this game (not long perhaps), but, when one refers to institutional roadshows, the reference to institutional is the clue as to the target audience. I guess you have never participated in one.

Hope that helps.

[yasx] 14/7/2017 21:45

Rossanan,

Majoriity of stocks (at least 75pc of mid to largecaps) track the market trajectory. Thus, with markets having made news highs for nearly a decade, at some point there will be a significant crash.

Trin will do well to makes strides while the sun shines. Additionally, oil is a factor to keep in mind.

I would rather they got this on the radar of a few institutions than witnessing two bit retail punters bailing at every incremental move higher.

[yasx] 14/7/2017 21:45

Rossanan,

Majoriity of stocks (at least 75pc of mid to largecaps) track the market trajectory. Thus, with markets having made news highs for nearly a decade, at some point there will be a significant crash.

Trin will do well to makes strides while the sun shines. Additionally, oil is a factor to keep in mind.

I would rather they got this on the radar of a few institutions than witnessing two bit retail punters bailing at every incremental move higher.

[mark10101] 14/7/2017 19:02

I am not an advocate of an RNS each time we do a minor operation but I think any material increases in production due to swabbing or a new drill which supposedly we have done quite a few already should be reported. I suppose the saying that those that shout loudest have the most to hide comes to mind. 12 months we will be in a totally different range should oil stay around $50 or higher. it is a patience game but I would be a lot happier with a steady and sustained rise rather than what appears to be a deliberate grind down.

[whiskeyinthejar] 14/7/2017 14:54

Obviously summer is a quiet time in the market and oil companies have taken a pasting this year. I think only one of Malcys picks is now in positive territory.

We're also where TRIN have started spending money investing in production and we are waiting to see the results. They only restarted swabbing in April.

The story is much stronger for 2018 with TRIN targeting 3400 bopd, Transformation at Galeota etc. I think that's too far away for most people just yet. In Q4, I think eyes will be on 2018 though.

But there are potential near term catalysts. I'm thinking TRIN should be able to get the 2C oil upgraded to 2P pronto. This would make us appear prominently on value investors screens i think.

Anyway, they say the market is about transfer of money from the impatient to the patient.

[mark10101] 14/7/2017 13:02

Well if there was flood of buyers price would have to go up. Can you buy in volume? At 11p I may have to put my money where my mouth is.

[aimmafia] 14/7/2017 12:25

It's pure lack of interest.... all the traders want is dreams of 1000% rises. They need to get a grip as 95% of them lose money. Buy quality and hold.

[mark10101] 14/7/2017 11:36

I don't doubt the online limits are not telling a tale as if they did it makes things a lot harder to execute a manipulated trade..... it does not feel like we are in a normal trading mode atm. Right from the savage take down and new BB posters popping up all seems very auchistrated to me.

[yasx] 14/7/2017 11:04

TBF,

I agree.

[the big fella] 14/7/2017 10:47

Mark

The online limits normally tell a tale. I can see no evidence of a large buyer by looking at the limits.

[mark10101] 14/7/2017 10:22

Oil still firming up, what do the MM do they tell the buyer they have to move it to get selling volume or keep languishing here. I am sure they would be a fair few who would cash out at 15p if they are making a short term trade from 11p to 15p.

[yasx] 14/7/2017 09:48

I have no idea - I had expected it to move higher by now. But, short term traders tend to exit without news, and is why one hopes the Co. can entice more robust institutional holders to clamber aboard.

I remain fully invested.

[joshua767] 14/7/2017 00:16

Any estimates on how long the consolidation will last this time?

[yasx] 13/7/2017 21:12

This consolidation phase is now fairly mature - Board of Trinity need to get an institutional roadshow going to enable greater exposure demonstrating the merits of investing in his entity.

[mark10101] 13/7/2017 15:25

Auto trade at 11p looks like the final shake, oil is motoring up 2% today.