Trinity Exploration & Pr... Share Discussion Threads

[wingspan] 13/11/2017 07:20

Fund raise would be a great thing...wipe out BIR, wipe out CLN overhang, upgrade assets across the board to 2P with a financial model to exploitation, fast track production growth & stronger hand in partnering with 3rd party to do it: all with a smaller amount of dilution than the CLN becoming equity. Here is to that happening! OR...can the Board / exec see a path to doing all of the above without any dilution...try barking up the right tree

[mo2550] 13/11/2017 07:16

JH missing millions lol

[spellbrook] 13/11/2017 07:16

Cash In the bank should grow and grow, could become a takeover target ?

[whiskeyinthejar] 13/11/2017 07:15

Production up (2,754 bopd in October), cash balance up and debt down as they make government payments. All good I think.

[spellbrook] 13/11/2017 07:13

You just know the next quarter update is going to be even better

Well done TRIn, love a company keeping costs and downside to a minimum

West coast sale to come in soon

[john henry] 13/11/2017 07:11

12.3 dollars mo2550 may need to raise some funds LOL

[spellbrook] 13/11/2017 07:09

Solid bod

2nd rns shows they are on the ball and hedging to make sure they continue with little downside

An aim oiler making money

[mo2550] 13/11/2017 07:08

"As a Board, we have continued to maintain financial discipline on our capital spend and operating costs during the period. Our focus on the low hanging fruit, through our recompletion, reactivation, swabbing and workover programme has resulted in a 7.4% quarter-on-quarter increase in production and we anticipate further growth in production and profitability during the remainder of the year."Cash balance $12.3 - 30th Sept

[mark10101] 11/11/2017 18:34

Will be interesting to see if anything takes TRINS fancy, it is one of the bonus possible news I am hoping for for TRIN.

[mount teide] 11/11/2017 11:11

SM - 'just feel there has been stock available hence the share price taking a breather.'

Would agree with that view from actual buying experience - was able to build up a decent position here last week of close to 500k and, bought it all in 60k to 80k chunks at just above the mid price; on-line attempts to buy in a larger size routinely saw the price pushed up close to the full offer price.

[shrewdmole] 11/11/2017 07:56

Guys apologies if I've put the cat amongst the pigeons.

My comment was purely based on the obvious line of stock wins have been offering the last few days.

Good chunky buys going through consistently at slightly above mid and way below published offer. This increased a bit later on Friday so the overhang maybe almost gone.

Like I said no conspiracy theory and I'm a large holder here, just feel there has been stock available hence the share price taking a breather.

Sm

[bones] 10/11/2017 21:12

Never mind sellers, the good thing is we know we had a recent buyer of at least 4% (11.8M shares) of the entire company:Joseph Piers Jennings

[ffp] 10/11/2017 20:49

The logic is sound as yes looking at things that way.

[ffp] 10/11/2017 20:46

Thank you kind sir.

[wwick] 10/11/2017 20:34

ffp, there is always a seller. FACT. one seller may be funding an annuity having been invested for 5 year, another may be funding a house purchase, another may have hit their 10% goal, another may be diversifying their portfolio. We all have different drivers and motivations, but as sure as eggs is eggs, there is always a seller (and a buyer).....I'm a holder! ;-)

[yasx] 10/11/2017 20:20

shrewdmole10 Nov '17 - 11:05 - 4578 of 4592 6 0
If I remember rightly our average costs reduce with the sale of the west coast assets as they have higher production costs.


Correct

[mark10101] 10/11/2017 20:07

Why did we have a “seller” when we were at the bizzare 10p? It then turned out we had a buyer of 4% of the company and no seller notification. I think it is the same again.

[ffp] 10/11/2017 19:58

If all is as good as you all predict, why is there a seller out there?

[mark10101] 10/11/2017 19:01

I agree, I think we will get news Monday or early next week, no point delaying it. Should the news be possitive it will allow sellers and buyer to sort things out pretty quickly.

[wingspan] 10/11/2017 18:41

...seeing as nobody really knows if a seller has finished (all seeing market makers included!)

[wingspan] 10/11/2017 18:38

So share price is down because of a seller...management delays the news to wait for a clear run...seller starts to look like he knows something, other sellers come in worrying about the delay, price goes down and more sellers arrive. How does that work? My view is they put the announcement out when they want to put the announcement out. The management team here are dependable, robust, by the book and long term in outlook. If they were market timing announcements then I would be surprised.

[markth126] 10/11/2017 15:39

Finished my long but now.... 500k can wait till 50p then happy days

[mark10101] 10/11/2017 15:24

Price creeping up nicely today. Hopefully news early next week.

[shrewdmole] 10/11/2017 14:52

Wingspan

Yes but Trin control when they put out the update.

So if I were them I'd be watching the action and speaking to the MM.

Better to announce good news when the seller is cleared.

Looks an orderly exit and well managed so just a matter of time before the breaks come off again.

S