Trinity Exploration & Pr... Share Discussion Threads

[princebuster2] 03/7/2019 23:44

It wouldn’t surprise me if they shaft us now just to spite us. After all, what are we to them..nothing really, not a name or a face..

[nocents] 03/7/2019 23:25

I hope that Trinty read these chat-sites. They need to . Particularly if earning a $400k salary. Square One ( Coldplay) . We are there again but other T and T oilies don’t seem to be(??!) Debt-free ain’t all it’s said to be.

[nocents] 03/7/2019 22:49

Sadly I am at a loss to disagree with anything just said. I am losing a fortune and wish I had sold out and stayed out. My bad. My responsibility. Caveat emptor. I don’t think we can say we lnow the full pocture but I think we can say we are good cannon fodder.
To get to this level after all we have been through as LTH’s is unforgiveable. We were higher 4 weeks after the refinancing in 2017. Cln’s and debt then. Not now. For what good it takes. Trin could do worse than support the share price and not ignore it. Shareholders are not the only ones who matter but they do matter. The other T and T companies seem to be doing ok. Can’t blame T and T or WTI or low volume . Enormous sells going through. Atm I stand with what you guys are saying and am didillusioned beyond measure. Over and out.

[mdw1] 03/7/2019 19:16

I agree mm.

This a lifestyle business for the directors and their families; they’re an absolute shower and should be called to account; they have destroyed shareholder value with their capital raising and now we are back to where we were two years ago.

[nafafa] 03/7/2019 18:48

I am increasingly concerned that Bruce holds on to ambitions for growth that are unrealistic. He needs to wake up to the fact that he is operating in a sector which is very much out of favour with investors and in long term decline. Furthermore, he faces a hostile fiscal regime which clearly will not be eased. I would not be surprised to learn that there are substantial sums still overdue payment from Petrotrin.

I sincerely hope he does not get seduced by opportunities which won’t deliver. In my view he should maintain current production and adopt a policy of distributing the cash pile to us long suffering share holders.

Let’s see some jam today!

[slicethepie] 03/7/2019 13:12

Time to start earning your massive salary increase Bruce!2 year share price low says your not.

[princebuster2] 03/7/2019 11:40

Malcy has gone very quiet on trin!!?

[princebuster2] 03/7/2019 10:26

I think we need to be worried now!!

[marvelman] 03/7/2019 08:06

Spellbrook...there is a fluency in the T & T oil picture after Petrotrin. The TRIN BOD , with the security of their cash reserves, could well be contemplating something bigger than they can currently manage without putting themselves in the same mess as when they suspended. Nothing else explains the share price action for me. Princebuster is surely correct when he states that anyone selling at this level must be doing so at a loss...unless it is being shorted (but again, why)and for that I do not have the details. It is speculation but is their a better explanation because this share price level makes no sense otherwise.

[nocents] 02/7/2019 22:46

Sorry 4 iphone typos

[nocents] 02/7/2019 22:44

Or maybe it’s just a seller Who t f
Knows ultimately. Got to look at evidence coldly and rein in heady speculation( bad or good). ATB all holders

[mark10101] 02/7/2019 19:04

With all the talk of sellers there is an equally accommodating buyer. Let’s hope these big trades are TRIN utilising the resolution from last year that allows buybacks. If we are not drilling I think if done in moderation could be very good for all.

[spellbrook] 02/7/2019 16:51

700k @11.25 ?

[spellbrook] 02/7/2019 16:01

Mman

Funding for what ?

[marvelman] 02/7/2019 15:24

Dont shoot me down when I say this, but, even given the cash they have available could a funding be in play? The share price action looks so familiar. Not trying to cause trouble but simply stating my observation which may be misplaced.

[princebuster2] 02/7/2019 10:42

No one sells here at 11p unless its at a loss..and probably a big one. Why? Cos its a pile of cak and they know their money can do better elsewhere so prepared to sell at the loss. If something was going on thats was gonna give this share price a lift no one would be selling! Delusional to think otherwise.

[nocents] 01/7/2019 19:55

Yes. There is a persistent seller. Has been going on for a while so is large holder. It does make the price better for buying though. Been here many times with Trin. Summer 2017 9.5p.September 20p. Post Placing June 2018 15.5p. September 21p.
So we each decide.

[spellbrook] 01/7/2019 19:16

2 X 250 @ 11.25 ?

[nocents] 01/7/2019 12:59

Buy low. So I did. A lot.

[mark10101] 01/7/2019 12:53

Gizzy have you worked out which graphs look like they are distribution phase (normally a share where there is some future magical oink oink event to offload share to PI’s) and which is in accumulation (normally a share overlooked with very little PI following (they need the PI’s latter in the cycle to sell to though..)) Call me old fashioned but I was always taught to buy low and sell high.

[mark10101] 01/7/2019 11:14

GIzzy, I am not remotely worried.

Research accumulation phase and distribution phase.