Trinity Exploration & Pr... Share Discussion Threads

[mark10101] 10/10/2017 23:11

WITJ, that is what concerned me when I looked at TXP. Also their $15m loan is contingent on them maintaining at least $5m in the bank which restricts things for them, certainly with their cash burn rate. Also my experience with Canadian based oil companies is one I won’t forget for a while. Edge resources became a total wipe for me but I am sure someone is enjoying the fruits of its assets as we speak.

[whiskeyinthejar] 10/10/2017 22:55

TXP made a loss of C$3.4m in H1.Page 3:



The cash they have is getting eaten into by capex. In Q2, they spent $US4.4m. (C$5.5m) to increase production by 4% (page 4).

The reason why TXP listed on LSE this year was to have "access to London's capital markets". A placing looks likely to me.

Im sorry to go on about CERP and TXP, but if people are going to keep ramping other shares here, they should expect to be challenged.

[jungmana] 10/10/2017 20:41

Wwick- I do know about the debt but to say they are losing money is wrong. Comparing on all parameters txp is way too undervalued at £10m market cap today.Any way not the bb to discuss txp.

[wwick] 10/10/2017 20:29

Jung, TXP losing $ and have a $15,000,000 loan to repay in 2021, so had better pull their socks up.

[jungmana] 10/10/2017 19:41

O/t guys check out Zengas posts on TXP thread. Stunning undervaluation there.He quietly bought over 1% of the company over last few weeks.

[swampydrill] 10/10/2017 19:41

Nothing goes up every day, as long as it don't end up at 10p this time next week ill be happy, we got to be worth a lot more than this.

[bones] 10/10/2017 16:53

Soupdragon, the Oct 2nd reference is an error. Looks suspiciously like he/they cut and pasted from the previous (2nd October) 3% announcement and forgot to change that last date. The rest of the form all refers to 10th October when the threshold crossed. As others have said, Jennings will have been adding daily since 2nd October (and obviously before it). I wonder what his target holding or strategy is?

[ny boy] 10/10/2017 16:44

Jennings...increased his holding again!

[the big fella] 10/10/2017 16:40

Indeed. I really don't mind if we consolidate for a while around these levels. Never been a real fan of boom and bust (although the boom cycle is perfectly palatable!) With this rise my holding here is worth significantly more than any other holding in my portfolios.

[wingspan] 10/10/2017 16:32

Big fella, how quickly we re-calibrate!

If I had told you over the summer (while the 8p brigade were scaring as many of us out of shares as they could) that we would have printed north of 20p and then closed mid 18's in an October trading day, would you have found that proposition disappointing?

[mark10101] 10/10/2017 16:29

Soupdragon, yes a nightmare to read, not sure how they could be completed on the 2nd but only reach the threshold for notification today. Well he has added, that can only be interpreted as good news.

[whiskeyinthejar] 10/10/2017 16:24

wingspan- I think CERP is a punt on waterflooding. That's probably why they did the placing now rather than when the results of waterflooding are really known.

[the big fella] 10/10/2017 16:23

Interesting to see where we go tomorrow. One hopes upwards. Seeing it break 20p this morning only to end up back here is a little disappointing. But as always a little patience can lead to handsome rewards.

[soupdragon55] 10/10/2017 16:14

They are a nightmare to read are those forms.

I was going by the bit that says

Date of completion 02/10/2017

[mark10101] 10/10/2017 16:13

Yes the threshold was crossed today though, but all added since he last had to notify on the 2nd. I suspect a reasonable amount bought in the last few days as the volume has been better to complete an order of that size.

[wingspan] 10/10/2017 16:12

Not splitting hairs soup...but RNS our on day the threshold carried over...Completed today...started acquiring 3—> 4 % between 2nd Oct and today.

[wingspan] 10/10/2017 16:07

It wasn't just today Mark...it was since the 2nd Oct...

Can someone explain the comparison points between CERP and TRIN for me?

BOPD, breakevens, resources, mkt cap (below), Earnings etc...

CERP worth 90 mln pounds(?)
TRIN worth 50 mln Pounds

Thanks...

[phowdo] 10/10/2017 16:06

No notified decreased holdings yet though...

Crude back to Fridays highs. WTI doesnt want to stay below $50

[soupdragon55] 10/10/2017 16:05

Jenners completed those buys to increase his holding on the 2nd October not today.

[spellbrook] 10/10/2017 16:04

nice top up

[mark10101] 10/10/2017 16:03

Another 1% added by our new big holder. Seems he is happy to take shares from stale holders. Today has been a gift for the buyer.

[makingmillions] 10/10/2017 15:53

Agreed. Even worried myself when I mentioned. Usually the kiss of death. Lol

[mark10101] 10/10/2017 15:53

Yes I don’t mind shares being mentioned for comparable research but out an out plugs just get ignored.

[whiskeyinthejar] 10/10/2017 15:44

I think people are wary of a share ramped on another thread. Makes me less inclined to research. I notice the FRR ramp by 'bullet ant' has been deleted. LOL. Obviously he's embarrassed that his pump failed as the share price has tanked since he posted.

[mark10101] 10/10/2017 15:09

CERP closing the gap on TRIN only £10m MCAP difference, bonkers.