Trinity Exploration & Pr... Share Discussion Threads

[wingspan] 06/10/2017 14:31

Fidra,

One problem with your theory:

The shares stayed down for 4+ months...during which approx 30% a month of the total number of shares were traded per month. ALL this for an individual to acquire a 3% stake?

See what I mean?

[lw425] 06/10/2017 14:22

Lots of news to look forward to in next couple of months.

3000 bopd is worth 70p a share when compared with CERP's (lgo) market cap, production and reserves.

[mark10101] 06/10/2017 14:06

It was the my favoured view of what we have just been through, which is why you need to ignore 10p. Maybe off the back of the oil fall in spring and early summer a hover around 15p may have been justified. So really we are not much above that and the best part of the rise is to come imho.

Still strengthening which is good to see.

[spellbrook] 06/10/2017 13:32

fidra

Certainly a theory i hadnt considered!!!

[fidra] 06/10/2017 13:11

It is my view that we were slammed to 10p by consistent buying.First of all they sold strongly to turn it round at around 15p,then continually sold down and managed to cover the position keeping the price down while they then loaded up.Once finished loading they issued the RNS of the holding.

I surely cant have been the only one observing this on L2.As the large quantity that appeared at prices of 15/17/19p at the bottom of the sell side during this time.

I expected it to be a large shareholder selling so was surprised by no RNS being issued.When the holdings RNS came out it was easier to see what had happened.

Frankly i think it a fantastic piece of manipulation.

If this turns round today and I suspect it might we may be on for a bigger move.

just my opinion.

[mark10101] 06/10/2017 13:05

Squire, you have to forget where we have come from as 10p was not the market judging that to be the true value of TRIN at that time, it was due to some other goings on much debated her over the summer. So 18p is not the result of a moon shot I see no need for it to recover at this level, however I fully expect churn between 20 and 30p in the coming weeks.

[spellbrook] 06/10/2017 12:53

agree its been a euphoric rise, but we were slammed to 10p by a consistent seller even whilst good news was reported

the message is now getting out about the turnaround and cash in bank and assetts

everyone can sell, top slice etc, but this has got more legs on it imo



Regards

[squiresquire] 06/10/2017 12:50

A nearly 100% rise in a couple of weeks is very very rare at this kind of share price, it will surely need a bit of digesting, charts think so as does the share price.

[spellbrook] 06/10/2017 12:32

we may get another RNS holding if theres any truth in the 1 million purchase

[wwick] 06/10/2017 12:20

#TRIN Buy The Dips . . . . . .

[mark10101] 06/10/2017 12:10

Yes MM really fiddling around. someone on LSE claim a 1m trade is trying to be filled.....

[che7win] 06/10/2017 11:59

All the buys at 16.99p from earlier starting to show e.g. the 100,000k trade.

[mark10101] 06/10/2017 11:44

Law is a trader, if he has to scare a few weak holders to accumulate he will. He has survived the test of time so gets my respect after the reaming I took in 2015, which I am slowly rebuilding.

[the big fella] 06/10/2017 11:37

I have the guy filtered

[che7win] 06/10/2017 11:34

LW425, An hour ago you were saying this was going to fall, I see you have removed that post.

[lw425] 06/10/2017 11:31

My view is that Mr Dingwall must have had political consent to release that RNS.

[lw425] 06/10/2017 11:30

Yes Mark, when the new oil and gas fiscal regime is presented any week now TRIN could double in a day quite easily.




Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

"This could prove to be an extremely important change for the Company in terms of bottom line economics and Company valuation. The Government is aligned with Trinity in seeking to increase oil production and once the terms of the changes to SPT are clear we will then be in a position to quantify what the effect on the Company will be.

[spellbrook] 06/10/2017 11:28

remember we get the AT buys in the afternoon..

[mark10101] 06/10/2017 11:24

More people buying the dip than selling a top by the looks of it.

[lw425] 06/10/2017 11:21

Yes that sort of production will see the share price over 100p with dividends rolling in.

With 3000 bopd expected in the short term a share price range of 30p to 40p is probable by end of December which will coincide with the official announcements regarding the tax changes. Although this news may drop any time.

[che7win] 06/10/2017 11:12

I agree, Anyone selling here will be reluctantly rebuying, probably at a higher price.It should get into mid-20s easily I should think, it's rerating.Didnt someone say management want to get production to 6-8000 bopd over next couple of years that should be possible with the tax changes benefiting.

[mark10101] 06/10/2017 11:06

Like Squire says the MM are the ones with the best idea and they only let a few 100k shares sub 17p at 16.99p. Price rising again so it may have been them playing the handful of traders that spotted TRIN. This is so off the radar and so far it has been a silent rerate, I don’t think we made it onto the top risers in our move so far. Still could take on 20p today imho.

[spellbrook] 06/10/2017 11:02

nice to see some leaving and others arriving, story is still the same and we know we have the November upodate..gl

[che7win] 06/10/2017 11:01

I can't see these falling too much, worth 25p IMHO.