Trinity Exploration & Pr... Share Discussion Threads

[pavey ark] 20/11/2019 15:21

Mark, I know I said I wouldn't post here but just for your info Langland is spot on ...I know.
Obviously a big sell going through but it will be an institutional sale ...not their own money!!

[langland] 20/11/2019 15:08

All the trades which are 9.05+ are (imo) buys and the trades at 9.00 are sells. IMO there has been more buying than selling which suggests there is still a big seller in the background. However, situation has changed slightly in last hour or so. About 13:30 I could buy 200k (wouldn't quote for more) at 9.06 but now if I want 200k the price is 9.25. Quote for 100k is 9.06.

[princebuster2] 20/11/2019 15:08

Loads bailing out at 9p!! Non of those sells will be at profit..so not even confidence as a long term hold. Back to the suspension lift price pretty much. Roadshows obviously having the opposite affect where punters are see nothing encouraging. Whatva disaster Bruce.

[mark10101] 20/11/2019 13:07

Speelbrook, that is what I do not understand with the TRIN team, so much time and energy has been put into the recent run of presentations with more to come, yet the first wave resulted in virtually 0 buys. TRIN is a company in excellent shape that has intrinsic value multiples from where we are now but while investors see the share price falling the will not buy. I am not interested in a dividend but I am interested in seeing the company defend the share price. Deliver some positive news that can be explained in the presentations or save money on presentation expenses and put them into the buyback scheme.

The TRIN metrics are excellent but you need to give people a reason to buy or they wont, a quick move to 10p with a floor set by the company and the rest will take care of itself.

[langland] 20/11/2019 13:01

I think a lot of the trades which appear on the surface to be sells are actually buys.Obviously, there is someone big who still wants out.

[gerihatrick] 20/11/2019 12:46

I was at the Sharesoc presentation last night and it was excellent...certainly will consider it especially as the share price has returned to 9p.

[spellbrook] 20/11/2019 12:39

Lots leaving 9p it is then ,

Anyone think the investor roadshows are not working (lol)

[nocents] 19/11/2019 19:36

Mark.
I think your last sentence says it all. The truth in it saddens me.

[nocents] 19/11/2019 17:20

Oili. You are an upright and focussed man who does his own research well. . I support your communication.

[nocents] 19/11/2019 17:17

Oili
I weote to Bruce and several times to Tracy asking for a buyback too.
I got exactly the same response.
I agree with Mark’s interpretation of their response. I was told directly that it doesn’t lead to meaningful share appreciation. I said that I believed Bruce when he wrote that he does genuinely intend all shareholders to be rewarded in value. However..like Mark I am not sure that the reality of the market-place is fully recognized. I agree with Mark’s analysis of a measured implementation and the need to show care for the common shareholder. I made that last pont crystal clear. I do believe that Bruce does genuinely wish to deliver shareholder value at some stage. I have known him personally for a while. And Tracy.
That does not mean that they are doing it all right. Only today I read an analysis which was amazed they do not pay a dividend and that it would not impinge in any way upon drilling nor ultimately upon Tgal.
They are quite insistent and unbudging upon their plan and resist any sort of buyback. I respect their plans and said so as they are ultimately trustworthy ....but it doesn’t mean that common grass-roots shareholders are FEELING valued and recognized. I err away from negativity on this board now.. but I feel that is a real concrete Trinity issue.Respect them for their strengths which are many. Their balance sheet is rock solid and able to take advantage of opportunities in a quickly changing environment . Therein lies the potential upside !! With a vengeance. But do not be afraid to question what you do not understand or ultimately do not agree with.
I feel Trin’s share price needs intervention or supporting news or volume or exactly what Mark is suggesting would resore some faith and a floor.
I am always one to promote pur right to communicate. Tracy is honest and reliable. First port of call.

[oilinvestoral] 19/11/2019 16:56

Totally agree Mark ! It's good business to raise at 15 and buyback at 10p. No brainier!

[princebuster2] 19/11/2019 16:44

A Casino doesnt care about its customers for the same reason Bruce doesnt care about shareholders.

[mark10101] 19/11/2019 16:27

I spoke with Bruce and Tracy, they believe it does not lead to long term value.

My philosophy is to retire TRINs outstanding shares at 10p a share when 100m shares where created at 15p is a no brainier, certainly when you show the market 10p will be the floor. My personal view is they would be lucky to remove a few million shares before the market would responded positively and close the door to them. This is only $250k!!

I think Bruce and team underestimate the importance of showing share holders they care (beyond token words of delivering share holder value) and that they have shareholders backs. A very little of this goes a long way imho.

[oilinvestoral] 19/11/2019 16:00

Just about to email Tracy. What did she say to the guys who contacted them

[m5] 19/11/2019 13:54

Chart wise we need to get above 10p again and then we might seems some activity and volume.

[nocents] 19/11/2019 13:29

I am trying to be encouraging with my posts. But in a realistic and genuine way based on reality.

[oilinvestoral] 19/11/2019 11:41

No cents I agree with you about moaning comments I'm also guilty of it sometimes but it's difficult to stay positive when you have a holding in something and it just keeps going down. Despondency starts to kick in specially when there are bargains in the market and other shares are zooming up. I disagree with you that there are only 2 options either to bottom drawer TRIN or chase some quick get rich disaster. As mount T has just proven the 3rd option is to selectively and carefully invest in undervalued well run companies and double your money ....

[diseasex] 19/11/2019 10:24

keep on dreaming lol

[nocents] 19/11/2019 10:03

Knowing Trin as I do ..when it does come good it will likely be quick and surprising. Its history speaks for itself. Its undervaluation is a sprung coil.

[pavey ark] 19/11/2019 09:05

astrocourt,
I see you have removed your post which makes my post rather pointless, anyway good luck with any investment in TRIN.