Trinity Exploration & Pr... Share Discussion Threads

[the big fella] 06/10/2017 11:37

I have the guy filtered

[che7win] 06/10/2017 11:34

LW425, An hour ago you were saying this was going to fall, I see you have removed that post.

[lw425] 06/10/2017 11:31

My view is that Mr Dingwall must have had political consent to release that RNS.

[lw425] 06/10/2017 11:30

Yes Mark, when the new oil and gas fiscal regime is presented any week now TRIN could double in a day quite easily.




Bruce A. I. Dingwall CBE, Executive Chairman of Trinity, commented:

"This could prove to be an extremely important change for the Company in terms of bottom line economics and Company valuation. The Government is aligned with Trinity in seeking to increase oil production and once the terms of the changes to SPT are clear we will then be in a position to quantify what the effect on the Company will be.

[spellbrook] 06/10/2017 11:28

remember we get the AT buys in the afternoon..

[mark10101] 06/10/2017 11:24

More people buying the dip than selling a top by the looks of it.

[lw425] 06/10/2017 11:21

Yes that sort of production will see the share price over 100p with dividends rolling in.

With 3000 bopd expected in the short term a share price range of 30p to 40p is probable by end of December which will coincide with the official announcements regarding the tax changes. Although this news may drop any time.

[che7win] 06/10/2017 11:12

I agree, Anyone selling here will be reluctantly rebuying, probably at a higher price.It should get into mid-20s easily I should think, it's rerating.Didnt someone say management want to get production to 6-8000 bopd over next couple of years that should be possible with the tax changes benefiting.

[mark10101] 06/10/2017 11:06

Like Squire says the MM are the ones with the best idea and they only let a few 100k shares sub 17p at 16.99p. Price rising again so it may have been them playing the handful of traders that spotted TRIN. This is so off the radar and so far it has been a silent rerate, I don’t think we made it onto the top risers in our move so far. Still could take on 20p today imho.

[spellbrook] 06/10/2017 11:02

nice to see some leaving and others arriving, story is still the same and we know we have the November upodate..gl

[che7win] 06/10/2017 11:01

I can't see these falling too much, worth 25p IMHO.

[squiresquire] 06/10/2017 10:46

Monday 6th March the price for TRIN hit 18.5 mid.

Thursday 5th October price for TRIN hit 18.5 mid.

Now the retracement level from this 5th October price is possibly going to be 15.55 which co-incides with the high on both the 2nd and the 22nd of May.

These levels indicate where it may go if it does indeed backtest as it should. If the price coninues up, then thats the way it goes.

Charting simply assists, it doesnt control.

I came in to trin when i saw it dip to 9.9 on the 15th September and to repeat the buys i had made on the 4th August thinking that was the bottom. Now i see it resting for a bit, no-one really knows, except the MMs of course.

In the meantime i have moved to Bluejay, JAY as they are expecting very solid news imminently which will almost certainly shove the price up hard, they are also sitting on the planets largest and most pure Ilmenite resource as well as an utterly massive potential in zinc.

[squiresquire] 06/10/2017 10:12

If its going to test 15p or 16p it may take a few days to do it, .

[ny boy] 06/10/2017 09:50

Bit slow today, only other stock I bought was (FOXT) @ 67p yesterday as a recovery play.

[squiresquire] 06/10/2017 09:44

I out some of mine into JAY as they are about to get nes and i hate having too much in one share, its just daft.

[ny boy] 06/10/2017 09:33

Naturally a bit of +/- play around the important 18.5p resistance level, clear closes above this level short term,should see us into the 20p's

[spellbrook] 06/10/2017 09:28

mark

waiting for the info on the new tax details , but must be a big plus for Trin to RNS

Could also have put the potential 205million tax losses

[mark10101] 06/10/2017 09:13

Speelbrook, the new tax reigime should be top on your list.

[spellbrook] 06/10/2017 09:12

not selling either, nothing has changed

Waiting for :

November update (which will be impressive imo)
next brokers note
October Investor show
News of BPOD approaching 3000
Maybe another holding RNS

[mark10101] 06/10/2017 09:00

Not sold a share here, this is not a spike and crash this is a stealth rerate. I think I could count the number of new posters on here and LSE during this recent run on one hand. When we spiked last time we had the pump and dump crew with 100s of post a day on both forums. There are so far 3 posts on LSE today. They will come but that will be during the run into to the 30’s I think.

[markth126] 06/10/2017 08:49

Took the view that had too much here to lose after a great run, if falls back will be in again but if not good luck to you all. I have some skin in the game still just not the amount I had!

[woodpeckers] 06/10/2017 08:47

Agree mark. Very slow start to the day (on most of the shares I'm watching) but still whittling away to get through that sticky 18.5p. Hopeful that we will be through by the end of the day though. Not parting with any of mine, this is just the beginning.

[mark10101] 06/10/2017 08:33

Does not look like it to me. I think we will take out 20p today personally.

[squiresquire] 06/10/2017 08:32

Looks like it may go back a bit for afew days, then have another go, this 18.5 to 20p area is clearly a difficult hurdle, but once through away it goes. Best bet to sell a few and then just wait.

How often does a share move up like it has without a breather for a while.