Trinity Exploration & Pr... Share Discussion Threads

[aqc888] 26/1/2024 00:14

By this time next month we might find we’ve only lost half our investment in Trinity instead of three quarters - rejoice!

[strathroyal] 25/1/2024 23:18

AQC - Just had a quick look at San Leon as it's not a share I follow. What's your point again?

[strathroyal] 25/1/2024 23:01

Yes but the point is that ST is a serial tipster and he brings with him short term investors. If TRIN rises by 50% 'on the day' most of us will still be losing money and 3 months later the share price will have lost the ST bounce. So for long term holders, again, what is the point?

Sorry to here the news about the octopus, just another poor sucker I suppose!

[aqc888] 25/1/2024 22:54

Paul the octopus has died… but he made a lovely paella

[strathroyal] 25/1/2024 22:08

I'm intrigued by these constant references to ST as the answer to our prayers. Can someone answer these questions for me:

1. What was TRIN's price when he first tipped the share?

2. How many times has he tipped TRIN?

3. What is TRIN's price today?

4. Why would anyone think that another tip would be helpful?

5. Is Paul the Octupus still alive?

[aqc888] 25/1/2024 20:38

long way to go

Trin may have done the dreadfully dreary things it did,

Jacobin let-down or not)

Self-protection tells me not to hope too much.

Nocents, stop the negativity. Please!

[nocents] 25/1/2024 16:55

Agreed re. sellers, but a long way to go on the fast food buy-sell cycle for some of us.
Yes ST certainly should. Trin may have done the dreadfully dreary things it did, but has never been in trimmer shape since I have known it ( Jacobin let-down or not) and more importantly its economic environment never better. 2018 post refinancing it climbed to £2.80 (28p) pre Placing, and that was with big debt and no fiscal change! The Placing cleared the debt and it dropped to £1.60(16p) but SPTvon and offshore was at $50, not $75. And no ppt reform or tax credit enhancement either.
Yes it really ought to figure in ST’s list, but we will see. Self-protection tells me not to hope too much.

[skyship] 25/1/2024 16:43

free stock charts from uk.advfn.com

[skyship] 25/1/2024 16:40

Quite so - and we could see a flood of buyers if ST includes us in his 2024 Bargains portfolio - as he surely should.

[spectoacc] 25/1/2024 16:32

Sellers will run out in time - they're finite, buyers aren't.

[nocents] 25/1/2024 16:25

A few moderate buys.
Perhaps awareness of a Friday RNS. Not that information ever leaks, does it.
I await the quick sell profiteers though. How it seems to work. Pitter patter of tiny steps upwards. Buy..sell for a quick fast -food profit. How it seems to be these days.
But up is never a bad thing ! Not complaining ( for a change).

[skyship] 25/1/2024 15:59

Hmm - movement - 44p bid....& climbing....

[nocents] 25/1/2024 12:24

Ridiculous indeed.
How many times does these repetitive (dreary?) comment have to be said? Mirror syndrome again.
Ultimately none of these things are in our hands unless we have written to Trin to express our thoughts. If not, it just becomes an action-free talkabout.
There are potential bidders( e.g.Perenco..an ideal suitor), who produce oil right next to Galeota, but it is not in the BOD’s interests to be proactive themselves. I suspect they will just coast, but hope not. Unless under pressure. Only a week left of January but what will Trin deliver rather than promise. It is unrequited promises that have led us to 41p. We all seem to agree it is ridiculous, but it is only buy volume or radical news which seems to affect the share price.
Donald Pond, who ran Sharesoc, informed me/us yesterday that he had lost all faith in the UK market as it is too corrupt and unregulated . He hasxpulled out of Sharesoc. I look at AIM and I see a monster that constantly needs feeding. AVCT. TXP. JSE .PFC. SLP. Playthings. Some down more than 40% on no news in a month. It’s part of the reason we are at this genuinely ridiculous price of, I believe, one year’s earnings(?). Happy to be corrected on any of this.

[pavey ark] 25/1/2024 11:12

On the positive, the highly significant SPT reform is a bit recent to show up in serious corporate action but the share price hasn't moved.....exhausted current holders and no new buyers.

If JB isn't aware of the importance of this statement he soon will be.....as much about tone and intent as any hard facts and figures.

In the event of the share price remaining at anything like this level then rightly or wrongly management are in trouble.

If the company is sold it looks like they lose their jobs .....not ideal for anyone.

If Galeota is sold they are left running a smaller company without the "easy" 1000 bpd from Trintes......and the carrot of Galeota development... so long dangled before shareholders ...has gone.

Hmmmm!!??? the best bet for them is to amble along as things are at the moment.

Just a thought: if JB produces this update without making obvious reference to the current price and his plans to increase returns to investors etc then things become fairly clear (to me anyway)and the action required becomes very obvious.

To be clear , my preferred result is a sale of Galeota....I feel a sale of the whole company will not get the best deal /value for shareholders.

"120p perhaps still too low for the BoD to accept." ....bizarre but I tend to agree.....we are saying that at 40p people would consider 120p a lowball bid....how ridiculous has this situation become ?

[skyship] 25/1/2024 09:20

AB - Reading & re-reading the elements of your posts dealing with third parties in the T&T exploration business; does suggest a strong case for a takeover of TRIN to secure the Galeota gem. Such a route perhaps more likely to crystallise and carry forward the valuable tax losses.

Such an event would hitherto have been held in abeyance; but now that the Government has remedied the SPT rules - GAME ON!

Woodside? Perenco? AN Other third party. In the scheme of things a TRIN take-out a fairly inexpensive route:

MCap @ 80p = £31.9m
MCap @ 100p = £39.9m
MCap @ 120p = £47.9m

120p perhaps still too low for the BoD to accept.

Just exemplifies the stupidity of the current share price...41p-44p!/#?

[pavey ark] 25/1/2024 08:45

Another rambling piece of nonsense.....here is the part of my post you seem to take exception to.
"Then we have the dreary repetition of "they must speak to shareholders", "they must pay out 15%", " they must pay a special dividend", "they cannot go back on their word".....now most of us have a sympathy with these points but most of us are prepared to wait and see if and when they they occur."

"dreary repetition "..."most of us have a sympathy with these points".....you seem to be incapable of understanding the point I'm trying to make.

Your "May I recommend self-discipline?" is the laughable end of this !!!

This is my last attempt to get you to focus your thoughts when posting.

[nocents] 24/1/2024 23:35

All these negative scenarios have happened( except Trintes failing) . No reason why it should. As an active producing ompany, they have to factor in minor issues such as the fire, in which no-one thankfully got hurt. A coup? Could happen in many arenas but Trinidad is not in recession now, although not in a boom time thanks to poor govt. economic planning.
I remember 2015-16 too well. It was Trinidad’s article 11 that saved the day along with a huge input by the David and Christina Segel Trust. It was BD’s influence to a degree, but he told me face to face it was the worst year of his life. The £2.80 only lasted a week. It was a set-up for the Placing which collapsed the proce down to £1.60 overnight. The 50p of Lockdown 1 was an anomaly, and the position we are in now is genuinely appalling but a remarkable entry point. I wish I could.
The “ dreary” points of dividend,must pay out 15%, must speak to shareholders also came from you too Mr. Ark and you may call your own comments dreary if you wish, but they have come from several other holders, including one whom you so greatly revere. Why can you not refrain from putting people or their comments down? They are very valid points indeed and can rescue a part of the dire situation the share price is in.
Andrew provides information. I have been here 10 years and don’t have much historically to learn but arithmetically certainly.
Hence my respect for his posts, but recognizing my decisions are wholly independent. I respect others who are themselves respectful, like Skyship. But there is always a criticism of others in your posts!
Must you? Really? Let us ( and yourself) say these highly valuable and not at all” dreary” repetitive comments. Very valid in fact.
Criticising other people surreptitiously is why the thread loses value.
May I recommend self-discipline?
And posting more like Skyship and Andrew. I read no sardonic criticism of other people there, just their opinion on Trin.
I have, in 10 years seen so many people come and go and in this hard time( for some of is) a bit of empathy and cohesion would really go down a treat.
Andrew thank you for the posts. I wish I hadn’t been there. I remember so clearly the day Citibank froze Trin’s assets end July. It was one of the worst days in my living memory.
I find the two scenarios interesting. Knowing JB I would bet he takes the safe option and accumulates cash. Shame.

[pavey ark] 24/1/2024 17:32

Andrew: interesting and further points up the strange situation we find ourselves in today.

So what will move the share price back to a low but perhaps slightly more rational price.....rather obviously this requires that more share are bought than sold.

Unfortunately the major large shareholder and some of us on here have probably reached our limit.

As has been pointed out many times people who don't hold and have a look on ADVFN are greeted by people who have a bitter and unhealthy agenda....I've no doubt that this is a true reflection of their personality but prospective investors may take these posts at face value.

Then we have the dreary repetition of "they must speak to shareholders", "they must pay out 15%", " they must pay a special dividend", "they cannot go back on their word".....now most of us have a sympathy with these points but most of us are prepared to wait and see if and when they they occur.

Most people who hold shares post positive comments and point up positive facts they have found ......if the reader appreciates that the poster holds a fair number of shares they factor this into any appreciation of the post....absolutely no harm done.

[pavey ark] 24/1/2024 15:17

Sorry I deleted most of it.
In essence I was saying that at 42p things in the market were broken....Galeota , Jacobin, complaints about management etc were simply trivial compared to the figures applying today and the current market cap ....let alone EV.

I don't think I've ever seen anything like this before.
The suggested reasons for the current position or the potential for an even stronger situation are almost irrelevant.....we are where we are and the figures are bizarre, amazing , surreal !!!!

EDIT: get to 80p and there may be some merit in saying that poor management is the reason for the low share price or that if we include Galeota then the share price should be much higher but 42p is so ridiculous that it makes these comments look trivial.........the entire company is priced at $15m (EV)...!!!!!??

[skyship] 24/1/2024 14:02

Would like to read that too. Where is it please?>

[aqc888] 24/1/2024 13:15

Disagreeing is good and healthy. But that’s not what your posts often do. They rather dwell on past failures of yourself and your investments. It brings a feeling of failure and doubt. Not appreciated when everyone’s eye is on whether Trinity is undervalued or not. Not intention to be rude, i’d just urge you to stop talking of failures especially with regards to Trinity. It’s thinly traded and there are plenty of very cheap AIM companies out there to choose from, let’s not dissuade investors with incessant talk of failure.