Trinity Exploration & Pr... Share Discussion Threads

[brewsters_millions] 15/1/2017 21:17

THERE ARE NOT 95 MILL SHARES, THERE ARE 282 MILL
THE MARKET CAP IS NOT £2 MILL
IT IS MORE LIKE CIRCA £19.8 MILL

hxxp://www.trinityexploration.com/wp-content/uploads/2016/12/End-of-Offer-Period-and-Proposed-Fundraising.pdf

[sleveen] 14/1/2017 11:40

Mark

Yes I was caught out on EDG too.

[ultra capital] 13/1/2017 23:00

I know for a fact that one of the placees is selling for a small profit.

[ffp] 13/1/2017 22:48

Yawnnnnnnnnnnnnnnnnnnnn

[ultra capital] 13/1/2017 22:30

I have upped my limit to 7p. Managed to get some today but dropped my limit to 4.25 million shares. Gutted I couldn't get 5 million at 5p but doubt it will get there now. Talk in the city is of 20p re-rate once broker has finished selling their shares.

[comedy] 13/1/2017 21:36

Any numbers guy..know if we have t/o $25mill...how much to bottom line???how much debt would we be paying off per year??? Thanks in advance

[bones] 13/1/2017 17:51

Jungmana, of course I agree there and kind of alluded to it with the reference to not having to repay $10m to Citi. But, yes, I should have highlighted the much improved debt level instead of saying TRIN still has debt to manage!

I wanted to highlight that we are - in a way - priced at 10 times the pre-suspension level so that we can justify the reasons this is still good value. I believe it is.

[gimmetheloot] 13/1/2017 17:38

That's between 21-23 million USD in revenue per annum!!

So why is the market cap about 25 million US?

[jungmana] 13/1/2017 17:25

Bones - good post. But I must say yes we have 3 times as much shares in issue now but our net debt gone down from about $40m to about $9.2m now. Which is small when you are pumping 2600bopd at cost of $29 per barrel.

[mark10101] 13/1/2017 17:15

Sleveen, did you manage to get out of EDG or did you still hold some until the end like me?.... I held here in TRIN and in EDG, I had hoped Brad would have more of a plan than the whimper he left with.

[sleveen] 13/1/2017 17:05

Can't argue with that.

[bones] 13/1/2017 16:54

sleveen, I am not coming from an expert angle on TRIN. I followed it passively during its last gasps prior to suspension and have taken an initial modest position yesterday (at 6.7p) on the assumption that the substantial investment shown by numerous parties at 5p is a persuasive argument to ride their coat-tails. Plus, it is always pleasing to see the banks having to settle for 25% of their remaining debt. The $10m saved will help the recovery as part of the new set-up.

We have to remember that there are now around 3 times the shares in issue, so really current price is like 21p in old money whereas the pre-suspension price was under 2p. However, that assumed a "busto" scenario!

I like the feel of this phoenix-like play. It deserves to succeed and the business appears robust albeit they have to manage a fair chunk of debt still.

Fresh management and enthusiasm should see it thrive and we are in a bull market which has the feel of developing into something frothier but it is by no means in a manic state yet. There must be millions of potential punters still afraid to go back into the water after the sharkfest of 2008! Eventually, more of these recovery situations and the recovery of the raw materials markets generally could entice the players back which can only fuel the likes of TRIN.

A good weekend to you.

[sleveen] 13/1/2017 16:12

bones what's your view on the reinvigorated TRIN?

[bones] 13/1/2017 16:08

The sells at 7p being regularly hoovered up by repeat 200k bids at 7p on L2.

[jungmana] 13/1/2017 15:58

Shafaq - your numbers are about similar to my own. I believe will take up to next Friday to clear the short term placee sellers. I believe up to 130m shares from the placing could be held by long term investors

[shafaq] 13/1/2017 15:53

A lot of directors bought in placing.If my sums are right the directors bought around 115m shares between them,leaving approx 70m with other placees.Hopefully another week if they're gonna flip otherwise could maybe sticky shares they want to hold on to.

[jungmana] 13/1/2017 15:49

Can't wait to see the end of this overhang. Imo could take another week then fireworks as supply of stock dries up.Silly undervaluation here under 10p.

[gimmetheloot] 13/1/2017 11:28

Last sell is a buy and MMS playing games somebody needs more shares! Simple

[comedy] 13/1/2017 11:24

ross lgo is the pi's lifestyle co...they will never make any profit..if you can time a buy and get out before a placing pump ...but no longer playing those stocks..waste of time and effort. buying one where they have survived the down turn and will now start to be rerated with oil and production???

[comedy] 13/1/2017 10:54

like i said yesterday why pay more???if placees seling then they have had 8p and all the 7p to sell...personally now waiting to see if the mm's are now going to chase all the traders to 6.5p or under to get stock???bear in mind placees got in at 5p...big guys who are on board are holding...but no idea if those got in at 5p and just want to bank a profit???to them 5.5p is 10% return so £10k in £11k out???

this is one to sit back and wait out the turbulent week we have had...and then buy when posting dried up and volume is low...end of next week??? truer indication??? herd off to pastures anew??? chance for those with mid to long term view can top up..and then let it run for a couple of years???