Trinity Exploration & Pr... Share Discussion Threads

[squiresquire] 15/9/2017 17:11

Try the results on the 25th, that should do the job, there is no reason at all to suppose they have not got their targets. I honestly think that 90% of anyone looking at TRIN at the moment are put off by the Hurricanes, they just dont get Trinidad geographically. I got some today, it was seeming too cheap at below 10p.

[bones] 15/9/2017 15:50

I agree Aim. As I say, give the people a catalyst, an announcement of something specific and good, and the spring will uncoil?

[aimmafia] 15/9/2017 15:45

Bones I get that.... all I'm saying is how many sells can actually be left..... people will had to have run dry eventually.

[bones] 15/9/2017 15:39

We just need a catalyst. Maybe some info on Monday 25th presentation?

[kaos3] 15/9/2017 15:29

I thought it was a placing - but no. It would be done already. Price driven down to 10p and then - placing. But no. And there is also no need for one.

[bones] 15/9/2017 15:26

Mark and Aim, there is a lot of legacy in this baby! Some people just want out when there is no action especially after waiting in suspension for 6 months. This includes investment funds and institutions. I have seen several stocks where the funds are simply jettisoning their small caps as a hedge against possible market turbulence. This is not a reflection on the merits of each company.

[aimmafia] 15/9/2017 15:06

I'm just confused at the amount of sells over the last few months..... you would of thought everyone would of run dry by now....

[oilandgas1] 15/9/2017 14:52

Highly unlikely that we will get a placing this year!

Added today at bargain price ( if the next few weeks go as I hope/ expect - should. E around 14-15p 😄)

[mark10101] 15/9/2017 14:33

I can not think of a logical reason for a placing as we don't need it and Bruce talked about conservative growth exploiting our excellent assets. But the market seems fixated with this 10p area, if it was just legacy selling I don't see why they would be so focused on this specific range. Also as has been said and demonstrated many times raising the price in TRIN massively increases volume which would allow them to clear.

[bones] 15/9/2017 14:21

To me it seems that there is an overhang of one or more legacy holders from the pre-suspension days. Without demand in volume, the MMs have no need to jack the price up. Let the old ones out at a low price and wait for a catalyst to get people buying.

I think the company still suffers from its recent history in the eyes of outsiders who have not looked at the re-financing that was good for TRIN. All they see is a company that nearly went under.

[che7win] 15/9/2017 14:14

They had $11.5m cash end of H1 plus another $4.5m coming for the West coast operations and you think they may want to do a share placing?

[mark10101] 15/9/2017 14:06

It is all I can think of as nothing else makes sense given TRINS progress and higher oil. This should be in the 15p range ready to launch off next weeks update. Today may be the last flush before they move things up next week, however it does seem around the 10p mark has significance.

[aimmafia] 15/9/2017 13:59

Possible placing?

[che7win] 15/9/2017 13:42

The 40k is mine, looking forward to the presentation, they must have something to say.Selling west cost operations will cut the break even price, higher margins, higher production, higher oil price...

[bones] 15/9/2017 13:34

Seems clear that, for a few weeks/months, there has been a regular unloader of 200k/300k blocks. TRIN needs a catalyst to get airborne!

[che7win] 15/9/2017 13:30

Oil goes one way, Trin share price the opposite?

[che7win] 15/9/2017 13:28

Nice to see the company reacting to record recent oil prices.

[muddy_40] 15/9/2017 12:21

Thanks Marvelman,

So opex is $32 so they are making good profit with POO at the moment..

[marvelman] 15/9/2017 12:13

Muddy

From the last update in August:-

[squiresquire] 15/9/2017 12:11

Run up coming next week i hope to results, they should be very good.

[muddy_40] 15/9/2017 12:06

What is the lifting costs here per bbls? Trin seem to have high production but low M/C

[marvelman] 15/9/2017 11:28

The disparity between Columbus's market cap (20 million) and TRIN (28 million) is becoming farcical. Perception it appears is a more valuable set of numbers than is reality....

[mark10101] 14/9/2017 15:33

Oil on the rampage and TRIN is earning more and more money by the day and yet here we are at the magic 10-11p range....