Trinity Exploration & Pr... Share Discussion Threads

[kaos3] 11/8/2017 11:25

management is doing superb job imho

[kaos3] 11/8/2017 11:22

no - not lying imho. not telling all.
can , could they ???

it is my decades of investing feeling - this share price makes no sense but it should have an explanation. and mostly it is about capital issues not their markets and operations which are known to us.

happened many times before

PS - mark said it first btw

[mark10101] 11/8/2017 11:15

Marvelman, I would not be unhappy to see the sale wipe out the convertible loan, not liking Kaos's share issuance but along with all the other theories of why we are not currently trading on the news that has been made publicly available that is a possibility.

[mark10101] 11/8/2017 11:11

I hope you are right Ross, just seems to me AT are being dropped perfectly to suppress price. Like you happy to ride it out, I have been down to 1.8p and lived to tell the tale so fairly battle hardy.

[kaos3] 11/8/2017 11:05

I predict a strategic move - and this is war preparation - a precursor operation. at that move shares Will be issued. still waiting to buy

[marvelman] 11/8/2017 11:00

That sale would pay off the convertable bonds all on its own....tick

[mark10101] 11/8/2017 10:30

Yes a good week of updates, hopefully your observation above and the share price manipulation currently seen is not linked to a hostile takeover. If they get enough people buying at this low level a bid of 18p could be tempting for them. Hopefully there would be enough management investment and long term holders that would counter any bid. Malcy did say he looks forward to us recovering and achieving a fair valuation if we were not taken out first. Share price action to me is looking very suspicious ATM.

[mark10101] 11/8/2017 10:23

What is the current offer price?

[whiskeyinthejar] 11/8/2017 10:04

Oil does well in any political tension because traders speculate there'll be supply disruptions. Even fat boys missile tests have boosted the poo.

[mark10101] 11/8/2017 10:03

I personally think we have hit peak rhetoric with regards to the tensions, thing will hopefully calm down from here.

North Korea: US diplomacy is gaining results, says Mattis

[mark10101] 11/8/2017 10:00

A flash crash is entirely possible given circumstance, would give me no reason to sell TRIN certainly after recent news and current undervaluation. As shown today by the sale of a weak asset in our portfolio our valuation should be north of £60m, I strongly suspect the assets we have kept are worth considerably more than that.

[lw425] 11/8/2017 09:58

Not leveraged so quite relaxed.

Lets see how the next couple of weeks play out.

[phowdo] 11/8/2017 09:45

If it gets real bad then precious metals will crater just as they did in 2008.
Are you still confident about being 100% in those barbarous relics?
Imho, best to have a nice pot of cash and short the indices.

[lw425] 11/8/2017 09:33

Market has only just started to sell off on the 'Black Swan' event unfolding on the Korean Peninsula.

Look at the broader market.... it's all starting to topple.

It's going to get real bad.

I.M.H.O.

[mark10101] 11/8/2017 08:52

Yes a good deal all round. The sums raised are not insignificant, for example one very good use of the money could be to pay down the convertible loans at one point. This would remove their dilutative effect further down the line. Obviously get growing and remain cautious for now but if the extra production boosts our cash balance and oil rises little would offer better bang for the buck.

[phowdo] 11/8/2017 08:31

Its a cracking win-win deal.
RRL think they've got a good deal and TRIN know they've got a good deal.

[jungmana] 11/8/2017 08:30

Top management here. They know what they are doing to create value

[whiskeyinthejar] 11/8/2017 08:29

West Coast assets are much more costly than East- I assume just because of the lower production numbers.

I looked it up in March presentation. West Coast break even was $38 in 2016

East Coast is only $26

So IMO its a good move taking the cash and investing it in ramping up East Coast production.

[mark10101] 11/8/2017 08:12

It does not matter when the move comes it will come.

[aimmafia] 11/8/2017 08:09

lol nothing will move this share price

[squiresquire] 11/8/2017 08:01

This seems a very good deal to me, loss of extremely small income versus cash amount really worth having. I like the strategy of concentrating their focus...it all fits well in my opinion.