Trinity Exploration & Pr... Share Discussion Threads

[shrewdmole] 25/7/2017 08:49

Aim

It was purely that the MM finished on the bid not just an lse private bid.

Rare for an MM to drop back overnight.

Looking strong this morning just need some volume.

S

[aimmafia] 25/7/2017 08:42

Well I'll be damned, although I'm not complaining :)

[shrewdmole] 25/7/2017 08:37

Marvel

It's all there for anyone to see.

Main lesson is sometimes to ignore published bid and offer.

Like big fella said last week at one point there was an actual spread of about 0.125p.

They have just paid close to mid for a fiddly sell so that tells us there's no stock about.

Trin isn't being punted or tipped all over so volumes are low but I don't mind that as we would get another 18p then retrace if the tipsters get hold.

This is now a proper old fashioned value play with poo, reserves and production upsides.

Value plays take time to unravel sometimes but the good thing is fundamentally it's not a one drill binary bet but making money day in day out so we should see a nice steady re rate now and with the odd operations update on new wells coming on line.

S

[marvelman] 25/7/2017 08:24

Great market insight Shrewdmole..fascinating reading.

[astorcourt] 25/7/2017 08:24

Agreed shrewdmole, this is simmering away nicely, a little more patience needed before the ascent north.

[shrewdmole] 25/7/2017 08:05

Astor

Pressure has been growing slowly.

There's 165k private seller at 12.75p after that the 2 MM at 13p won't want business as they are running balanced books on this.

I had an order filled last week by an MM that had to call a private client to see if they would sell.

So any decent momentum on buy volume I can see 14p going too it's then down to whether we get anyone else that wants to offload a few at 14-15p although why anyone would is beyond me.

Won't take much volume imho to continue this gentle rise.

S

[astorcourt] 25/7/2017 07:57

Level 2 looking strong this a.m

[astorcourt] 25/7/2017 07:52

Pay up aimafia

[astorcourt] 25/7/2017 07:44

I suspect aimafia will collect the tenner.

[shrewdmole] 24/7/2017 21:44

Go on then let's have some fun!

[aimmafia] 24/7/2017 21:16

Tenner says it does :)

[shrewdmole] 24/7/2017 20:47

Aim

It's been Lse bids previous days.

We had 2 mm's on the bid at 12 and a premium paid for a 200k sell.

I don't think the bid will open down tomorrow.

S

[aimmafia] 24/7/2017 20:36

Sm they was bidding over 12 yesterday. They will probably drop bid again tomorrow

[shrewdmole] 24/7/2017 15:29

MM now bidding at 12 which is a good sign.

Could be more orders in the system.

[aimmafia] 24/7/2017 13:45

12.18 is a good price. Will probably drop again on open tomorrow.

[shrewdmole] 24/7/2017 13:40

MM paid over the odds for 140k sell.....edit 160k sell

More buys in the system?

[aimmafia] 24/7/2017 13:08

There we go as predicted haha

[aimmafia] 24/7/2017 12:55

Yes. It will finish 12 or 12.25p bid no doubt

[aimmafia] 24/7/2017 12:22

Yeah,,, I'm assuming that they only have £5 in there sky rocket. Must of had a kebab last night. They will be stuffed when this rns lands lol

[mark10101] 24/7/2017 12:21

Shows the MM are under pressure normally they can afford 800 shares for the midday shinanigans.

[aimmafia] 24/7/2017 12:16

41 shares.

[aimmafia] 24/7/2017 12:15

A nice £5 a trade to drive the price down. Lol pathetic

[aimmafia] 24/7/2017 12:09

The second one is here. Amazing