Trinity Exploration & Pr... Share Discussion Threads

[bones] 25/6/2018 08:20

Jeez, converting CLNs at 15p instead of 6p is not "getting the dilution we wanted to avoid"!CLNs had the whip hand in these negotiations for sure but now the company has paid off the government as well and has a war chest to use.Future share price is down to how well they use the funds. Sounds like M&A is in the works.

[lw425] 25/6/2018 08:19

Why the hell should ANYONE buy above 15.5p when they have just dished them out at 15p?

Lower the price and get on with it!

[lw425] 25/6/2018 08:18

No rush to buy. This is another MATD who are now 0.5p below their heavily discounted placement price.

[esmerelda] 25/6/2018 08:14

We got the dilution that was supposed to be avoided by paying off the CLNs before conversion. A complete disaster as far as I am concerned.

[wwick] 25/6/2018 08:14

Now in that optimistic period where holders hope this wont drift to the issue price of 15p.

[whiskeyinthejar] 25/6/2018 08:11

Gabriel, Trinity gets $20m added to balance sheet. Didn't have that when it was trading at £77mln (~27p).

[mark10101] 25/6/2018 08:09

Takes a bit to absorb and as my biggest holding by a substantial margin this is a significant day for me and TRIN. 25% upside has been taken from us which at the levels I felt we could reach has made a significant difference to my patiently waited for profits. (I am the lucky guy who hung on through the 2015 crash... I feel a few rewards have been earnt and this is a set back.

So taking a step back and thinking in MCAP rather than share price what MCAP do we put on TRIN with all debt paid and $20m in the bank?

[basem1] 25/6/2018 08:07

That's a disgusting price to be raising money at.

[sabzahmed] 25/6/2018 08:07

Stop loss kicked in. Sold at 18.02

[phowdo] 25/6/2018 08:01

The bucketshops will be flipping their placing shares at any price over 15p. Going to take months to clear that overhang.

[fsawatcher] 25/6/2018 07:54

i fort they woz gonna pay off all debt now they making millions

but they aint makin millions are theys

they just breakin evens

i told ya months ago that they not doin nuffin but jus pay off debt for next 2 years

nows they stuck a mint lolly up you bums ain they and it melted down you legs makin them look like nigeria kit

[mount teide] 25/6/2018 07:53

Suspect TXP may open above TRIN today!

Who would have thought that a few weeks ago when TRIN was 27p and TXP 12p?

[mount teide] 25/6/2018 07:49

A 40% discount to the recent 25p high is hardly supporting those who have supported the management most over the last few years.

Investment under review.

[2solaris] 25/6/2018 07:44

Glad I sold out completely two weeks ago as I began to smell a rat.

[shrewdmole] 25/6/2018 07:44

15p is around the rebalanced market cap with the extra shares.

Must be an acquisition close.

Bad management but leaving emotions aside if this drops to circa 15p with no debt no cln and a good lump of free cash I will be adding especially as I think there's a production geared acquisition in play.

[bones] 25/6/2018 07:44

Lot of clueless posts this morning. To have the CLN's converting at 15p instead of 6p cannot be perceived as negative and removes that dilution from the calculations.Price may be weak for the short term but, unlike the casual gamblers and economic dunces commenting here, clearing the debt and paving the way for expansion while oil is in an upswing makes for a spectacular recovery from near death 18 months ago.

[oakville] 25/6/2018 07:44

BACK TO SQUARE ONE.

[moneytree1] 25/6/2018 07:35

did try and warn ppl to sell in may

but they knew best!

[honestmarty] 25/6/2018 07:34

Several oilers doing it at present.

ECHO, MATD, both fell below placing price.

Painful short-term.

[deeppockets] 25/6/2018 07:32

$20m seems excessive. Acquisition? Why not wait til next update, clear debt, share price rises to 25-30 then raise? Gits!