Trinity Exploration & Pr... Share Discussion Threads

[markth126] 06/10/2017 08:16

Have we stopped for a breather so we think. Or onwards and upwards today?

[bones] 06/10/2017 06:55

Very true SB

[spellbrook] 06/10/2017 06:53

Bones

I think our clock has had new batteries inserted..gl

[bones] 06/10/2017 06:50

Spellbrook, it is true that a stopped clock is occasionally correct in its message!

[spellbrook] 06/10/2017 06:33

Never trusted or used British bulls site,but they sure got a TRIN right up 71% since 14-09-17

[the big fella] 05/10/2017 18:10

We have all been on the wrong end of few of those. I dropped c£100k in Langbar. I hopefully am older and wiser.

[che7win] 05/10/2017 17:24

The Big Fella,
well done on your accumulated wealth, city scams/blatent fraud have fleeced me a few times, but TRIN is doing well for us.

PS: Where is Zengas?

[spellbrook] 05/10/2017 17:05

ps....another notch on the huge BOWL formation chart

[spellbrook] 05/10/2017 17:03

nice volume today, roll on tomorrow

New Highs anyone

GL

[mark10101] 05/10/2017 16:46

Wwick, seems to be the case. 18p area was always going to be an area of churn due to last peak. I even bought a decent chunk at 18.4p in 2015 as the worst of the fall from £1 looked over..... But as WITJ says you have to judge the situation by its current measures and 18p represents little interest for me to sell despite the painful history.

[mark10101] 05/10/2017 16:27

Yes as I hoped, could finish at new high which will leave clear sky above.

[spellbrook] 05/10/2017 16:21

its rising again into the close....

[wingspan] 05/10/2017 16:13

Hence Angus W buying at 12.25 pence the moment he could!!

[wingspan] 05/10/2017 16:11

Mark,

I don't think we are re-rating solely on an event that might happen in December (and might not); just from what you write that seems to be your emphasis.

I think we are re-rating (from an absurdly cheap price) because with those half year results, and with the recent presentation on the same day the market now has far more clarity and far less fear. Looking back there was this giant window for 2 days to buy still very cheap!

If the 8 p brigade made a return here nobody would give a sh.t ...when we were at 9.6 pence the market was in a VERY different place on fear and lack of clarity concerning TRIN.

The expectation is now for a solid update in early Nov, an insightful broker note within 8 working days & the potential for an SPT overhaul in the background.

Wingspan

[the big fella] 05/10/2017 16:08

Astor. A may well be a city gent these days but I have a working class background. I only have what I have worked for!!

[mark10101] 05/10/2017 15:55

With all the excitement here I had not checked oil and pleased to see a solid bounce today, hopefully signifying a bit of strength around $50. Just so long as oil stays around $50 TRIN will be doing very nicely.

[mark10101] 05/10/2017 15:42

I think the SPT is the main thing I misunderstood when first investing in TRIN. It’s removal should make the market view TRIN more favourable than any time in its history. That will translate in a share price a fair way North from here. I think that is why this is a steady rerate not a rise then crash back down again. Today shows it with excellent strength despite stale holders exiting.

[the big fella] 05/10/2017 15:37

I take it you never studied economics

[astorcourt] 05/10/2017 15:35

who else is googling laffer curve

[mark10101] 05/10/2017 15:21

WITJ, totally agree. I got all excited about the tax regime change in January. There was also mention of PETRO TRIN releasing acreages. However with the inclusion of gas if the government play it right and incentivise oil production growth they will end up getting a higher revenue than with the current reigime. It is the Laffer curve effect.

[astorcourt] 05/10/2017 15:04

Also, is it safe to assume that our phantom seller has now exhausted his supply of stock? he's had ample opportunity to do so