Trinity Exploration & Pr... Share Discussion Threads

[nocents] 05/8/2024 07:52

I suspect, going on a series of spiteful comments, some sense of malice against shareholders from Mr. Clayton who has nothing to lose. He may have had the large shareholders on his back but this is just another squandering of shareholder cash whilst they reap benefits by holding jobs for longer. I may be wrong.
I may be right.
Total farce.
Look at the share price drop today.

[che7win] 05/8/2024 07:41

Could TRIN postpone the Court Hearing relating to the Scheme related to TXP indefinitely, or does it have to go ahead this month?

[arlington chetwynd talbott] 05/8/2024 07:25

Ab76 - still clinging to the idea that fiduciary duties can be contracted out of? Good luck with that.

[dunderheed] 05/8/2024 07:10

7878 which had they had semi firm irrevocables (pretty standard practise) they could have done?
The people to blame, IMHO and lol (no pun(ishment) intended) were their legal advisers. EDIT, Oh apologies your main point being was LOL were too late, yes fair enough! Technically LOL can still "succeed" or another counter party can they not but very very unlikely?

[dunderheed] 05/8/2024 07:08

Che absolutely not disputing your points but very high triple figures (?!) Come on, give us a clue? According to David whatsit we should already be at £7.50, can you "beat that"?!). Ie company value in excess of (multiple?) billions?

[dunderheed] 05/8/2024 07:03

Andrew 7873, I'll be honest unless a 20% higher price comes in this is virtually "sown up" isn't it?
I just thought the irrevocables would have been "semi firm" or whatever the err legal terminology is.
Contracts are always about risk mitigation (for both parties) hence I would always like my "back covered" and normally most irrevocables do include a percentage cash take over "get out" clause simlply because you never know what an offer draws (left field) from the "market", IMHO.

[zho] 05/8/2024 07:03

AB - well done for calling this correctly.

[slicethepie] 05/8/2024 06:59

Our hapless duo have spent £2.8m in fees to date and now we have this confusion ....wow

[che7win] 05/8/2024 06:58

Dunderheed,
You know that TXP are about to increase their production 5 fold from a year ago….these next two wells will produce the cash flow that allows two rigs to drill continuously.

Getting back to the acquisition, I would think that LOL might seriously have to consider withdrawing their bid at some stage….this has been an ill conceived approach.

Let’s see…

[dunderheed] 05/8/2024 06:50

Che, do you mind providing an estimate of the "very high triple figures price" you expect TXP to crystallise plus a timing on this with some form of analysis behind these figures?

[lexus880] 05/8/2024 06:49

I am with Andrew.

[che7win] 05/8/2024 06:43

Well done Andrew, you have clearly articulated and set out the rationale and facts behind your decisions. I’m 100% in agreement.
Good to see TXP note your intentions in todays RNS.

TXP for anyone but those with the shortest investment horizons is the superior offer.
Every TRIN shareholder, if they wish to recover their losses and eventually profit gainfully will take a similar stance.

TXP will recover share price wise, it could quickly get to 60p….and if this acquisition of TRIN drags on, it plays into TXPs hands as those two new wells that TXP are soon to put in production will cause its share price to surge.
So it’s in TXP’s interests to be patient here….they have the upper hand.

I’m expecting TXP to eventually get into very high triple figures, it’s on a trajectory that should eventually take it there.

I was thinking, there is nothing to stop those with binding irrevocable undertakings from selling their shares, but then they can’t easily sell those holdings in the market and LOL doesn’t have money beyond $2m to buy up loose stock….so I don’t see any concerns on that front. So I can’t see a way for LOL to successfully win this takeover, unless they somehow swing enough votes on a contractual takeover approach.

This may seem a bit out there….the TRIN share price may be weaker today….TXP should consider buying some TRIN stock on the market at some stage if it gives them more votes/percentage ownership.

[arlington chetwynd talbott] 04/8/2024 19:32

We could not get the car that close to the seafront. They moved off every time I chased them, but they were always turning back by the time I sat down again. What saved our chips was the folk walking their dogs along the front - gulls are more scared of dogs than they are of me!

[aqc888] 04/8/2024 14:28

“Just when I thought I was out, they pull me back in” as Michael Corleone once said.
I’m expecting to be out of this shipwreck soon, and not sure why some here are intent on exchanging a 68p offer for a 50p offer. If TXP was such a great opportunity why had nobody been interested in investing in it till they parked their tanks on the lawn.

[aqc888] 04/8/2024 13:48

Nowhere in Trinidad is too far from the sea. Perhaps it’s the aggressive seagulls screwing everything up.

[arlington chetwynd talbott] 03/8/2024 21:10

At least your chips will have been safe from seagulls. Mine were at risk. They did not used to be this aggressive.

[nocents] 03/8/2024 19:00

Hopefully more offers yes.
Dividend from Trin? I don’t think they would treat shareholders so gracefully….we seem to be Personae non Grati, are we not?
Maybe I’m just being a Grinch. Chip on shoulder.
We’ll see.

[aqc888] 03/8/2024 13:09

Perhaps if TXP allow Trinity to make a special dividend to their shareholders before the merger, it would be a way of sweetening the deal without the need for an EGM. As I’ve said before it’s Trinity’s experienced M&A advisors Houlihan Lokey negotiating this, not Trinity directors… Which gives me confidence this is not incompetence but that everything is in order. Negotiations are happening and Trinity shareholders are benefiting from each improved bid. Houlihan Lokey have earned more than their fee for Trinity shareholders from the improved LO bid. Hopefully more offers will follow.

[nocents] 03/8/2024 12:56

Further bids require TXP shareholder approval at an EGM.

[aqc888] 03/8/2024 12:45

But it’s their experienced M&A advisors Houlihan Lokey negotiating this, not Trinity directors… Which gives me confidence this is not incompetence but that everything is in order. Infact I’d say it’s all in good order and for once excellent aggressive negotiations are happening to protect Trinity shareholders interests, and we may well see further bids get squeezed out of Touchstone.