Trinity Exploration & Pr... Share Discussion Threads

[whiskeyinthejar] 14/11/2017 13:00

FSA, you are a troll because you spread lies. Trinity is PROFITABLE. You lie when you say it isnt.

EBITDA is cleaner than cash. Nobody uses cash to compare oil companies!

Restructuring was in Q1. Why wont you admit that since the end of H1, cash has increased AND they've paid down debt.

[lw425] 14/11/2017 12:59

I am not a troll.

I say it as I see it.

It is what it is.

[jamesbrightwell] 14/11/2017 12:56

The board have made it clear that they plan to pay back the CLNs before the two year anniversary resulting in no dilution. It's part of their incentive plan along with a 35p share price.

[soupdragon55] 14/11/2017 12:55

See you later then.

[soupdragon55] 14/11/2017 12:55

Not sooner or later. Earliest 2019.

[lw425] 14/11/2017 12:55

2019 who cares

[soupdragon55] 14/11/2017 12:52

And what if they are not converted in 2019.

[soupdragon55] 14/11/2017 12:50

-- Conversion

Each Noteholder can after the second anniversary of the issue date serve a Conversion Notice.

[soupdragon55] 14/11/2017 12:48

The loan notes don't mature for 7 years from issue date. Conversion cannot happen for 2 years minimum.

[soupdragon55] 14/11/2017 12:35

FSA, what happens when the debt payments stop?

[fsawatcher] 14/11/2017 12:29

whiskeyinthejar

i not a troll and yous know it. I might get negative on stocks but i aint no troll

i mostly right

i dont get it right all time do you?

no one get it right all time

if you think they doin $12 per barrel per day NET then that about $8m for 9 month period

So where is that $8m ? coz they had $13m end of Feb

and now ave $12.3m??

follow EBITDA and you gonna get stung

it all about cash flows and Trin not makin more than debt payments

3rd times now I am i off coz cant make it any clearer

[lw425] 14/11/2017 12:13

Charts looks like an XMAS disaster movie in the making.

Looks like 12p and Lidl mince pies all round?

[bones] 14/11/2017 12:12

There should also be a further $4.5M cash coming into the coffers once the West Coast assets sale is completed, at a loss of only 200 barrels a day PLUS the effective gain in opex costs from losing the most inefficient of TRIN's assets.

[whiskeyinthejar] 14/11/2017 11:59

FSA - I know you are a troll. You trolled on the Ithaca thread too. Got that spectacularly wrong too didn't you.

I also know that cash balances are an unreliable measure because payments are lumpy, debt is being repaid and cash committed to future plans is not available. Net debt is better, net debt post restructuring was $4.5m, falling to $1.2m at end of H1.

But EBITDA is much clearer measure. Trinity is making about $12/barrel EBITDA. That's the company figures not mine. Trinity made $1.9m PROFIT in H1.

[soupdragon55] 14/11/2017 11:41

FSA, I'm just pointing out the inconsistencies in your posting.

You said "...they sell 650k barrels over 9 month and the cash pile drop 700k?"

So, 9 months back from end of September is end of December 2016, Not end of Feb 2017 as you keep posting.

Hence my post is correct.

[fsawatcher] 14/11/2017 11:32

esmerelda,

it up to you to use figures but wotever ways you cut it up it still dont read good

25m spend and 3m return in 9 month

i ave to leave you nows as got research on other stock to do

if this dropp to 15p it still up 300% or mores from 4p and 5p innit?

lotta shares given away at 4p

that 400% for them holders which good profit

more cheap share comin in placin soon i reckons

i see you later

long term trin ok i fink , short terms it look over price

[esmerelda] 14/11/2017 11:19

FAwatcher, if you choose to disavow the use of year start figures then you cannot subsequently use the 9 month figures. Only the finals are acceptable to use as comparators now.

[che7win] 14/11/2017 11:18

This scenario is what I'm waiting for: