Trinity Exploration & Pr... Share Discussion Threads

[oilinvestoral] 08/9/2019 09:12

Nocents On one message you wrote "The share action has all the hallmarks of a Placing written on it"On the next message you wrote: "I don't see technical problems with wells nor placing"LolI realise that holding here can cause this but which one is it ? You managed to convince me with your first message and justified it by guiding me towards some large sells last week. So does this have "hallmarks of placing" or not ?

[nocents] 07/9/2019 09:49

Precisely. At 10.5p there ain’t no
profit here. Great time to buy though ( which I can’t).

[marvelman] 07/9/2019 06:54

..but one could describe the situation here as nonsense nocents as no one can make any sense of it let alone making any cents from it :-))

[nocents] 06/9/2019 22:53

:-)
Yes I did realize after.
It is not infrequent for me to make no cents and no sense ..with shares!

[budevenwiser] 06/9/2019 20:51

Makes no cents to me either.
Couldn't resist.

[nocents] 06/9/2019 19:04

Umm...now that’s weird trading!!!!
Make sende of that buy and sell (?)

[mark10101] 06/9/2019 16:19

Interesting sudden flurry of buys after a quiet day.

[otemple3] 06/9/2019 15:29

Anyone else planning on heading into London for the presentation on Tuesday? Hopeful to hear all about some new and upcoming developments which will start to get the price back to a more reasonable level....

[nocents] 06/9/2019 15:15

Well put OT. I don’t see technical problems with wells nor Placing . Apathy where no short-term gain rules in the stock market. Few have patience. Fast-food profit. Apathy is undeestandable here though. We await the spark Mr. Dingwall. Long time until Nov. 5th. Think of us at this end.

[otemple3] 06/9/2019 14:52

The volumes have been consistently low and the price has dribbled down so to me this looks like a case of apathy not a placing. Financially the business is in a robust position, but needs a spark to reignite investor interest. Until then people will lose interest, need access to cash or just see what they perceive to be a better opportunity.

[princebuster2] 06/9/2019 14:11

This is how it all went wrong for Bayfield...and we know what happened after that! Great!

[oilinvestoral] 06/9/2019 13:50

Rather than a placing I was thinking they've had problems with some of the wells & insiders have let it slip out

[nocents] 06/9/2019 12:00

Exactly. Hence a drop in share price would not be feasible here. As I see it.
I have no illusions about business or tge stock market and come from a place of deep cynicism. But that doesn’t make me right if I see the dark side each time.

[princebuster2] 06/9/2019 11:39

The last placing took the share price from 28p to 15p. As we sit at appalling price of 10p..where would another placing take us!? 1p!?!? Great thatll make them look like a trustworthy operation!

[nocents] 06/9/2019 11:19

To remaining shareholdrs it would not be justifiable in any situation in my opinion anyway.

[princebuster2] 06/9/2019 11:19

I think Trin have proved many times before that they dont give a flying hoot about shareholders LT or ST so they wouldnt think twice in that score if they were to have a placing. But im with oilinvestor, what an earth do they need a placing for. (Whats for sure is they dont need to justify it)

[nocents] 06/9/2019 11:17

One sell of 250k shares yesterday and one of 200,000 shares . Nearly every day at least one big sell. Some buyong too.
I can’t see reason for Placing. Tgal is not ready yet. Unless they wanted a big acquisition. But as you say they are cash-rich. Behaviour is like Placing behaviour but no reason I can see for Placing either.
However there has been consistent large selling and consistent large buying too.

[oilinvestoral] 06/9/2019 11:12

No senseThey are cash richNo debt Fully funded What on earth will they need a placing for ? How will they justify it ???

[oilinvestoral] 06/9/2019 11:09

What heavy selling? I can see one sell for 495 shares ! Volume yesterday was low and also previous days! Am I missing something ?

[nocents] 06/9/2019 10:45

The share action has all the hallmarks of a Placing written on it.
But if the response was a drop in share price then that would be utterly unacceptable...especially for loyal long-term holders already bearing heavy losses.
The share price does not always fall to Placing level or below-it depends on circumstances. But to put LTH’s through more agony would be beyond unacceptable.
We will see.
As Mark says...driving season over. Paper traders in US now flipped a coin to other side. Corcumstances Sep-Oct may change.
Trin? I don’t have a clue until Tursday.
But I didn’t expect RRL either.

[nocents] 06/9/2019 10:28

Yes I’m having trouble finding any sense in the selling at all. It also does not affect the share price so has a deeper meaning. A Placing would have to be justified somehow. Trin has lost enough credibility and shareholders as it is.

[mustbefunny] 06/9/2019 09:51

Perhaps a 10p placing next week with results? Can't understand heavy selling otherwise.

[bones] 05/9/2019 22:05

Good observation Mark re your post 4382 about read across from RRL deal. Value must eventually be revealed in TRIN.

[mark10101] 05/9/2019 16:50

Driving season over, Trump’s bankers will be the other side of the oil trade now, oil looks to be breaking out. Hopefully stronger oil will be accompanied by TRIN making progress investors can buy into to recover all the ground lost in the last year.