Trinity Exploration & Pr... Share Discussion Threads

[sleveen] 19/12/2019 07:30

Does anyone think that the recent run up is/might be related to the TXP oil discovery?

[spellbrook] 19/12/2019 07:24

2 weeks until results and updates , hopefully a lot of interesting news to digest

[spellbrook] 18/12/2019 21:03

Scan results - MACD Bullish Centerline Cross today: #NUC #NTEA #EQN #CARD #PRES #EGL #BOO #BERI #BLP #SAIN #IMB #DOTD #MWG #REL #TRIN #HSBA ... lse.swingtradebot.com/events/66-macdR30;

[nocents] 18/12/2019 20:50

Caveat emptor and all that. Authors of our own existence as Satre might say. But I’m still a believer with a Long term chip . LTH’s should’ve been looked after better. Trin always prided itself on its ethics and looking after stakeholders. Hmm :-/

[spellbrook] 18/12/2019 20:36

We all have our opinions on TRIN

All Old LTH have lost

All new shareholders should make from these lows

The management do not care about us , but they do appear to be steering the company northwards

With no debt and cash I’m still a believer

[mount teide] 18/12/2019 20:18

From long observation, large share price moves up and down tend to overshoot themselves - similar to an economic boom blow off top or capitulation bottom.

This was one of the reasons I sold 75% of my TRIN holding at 16.5p immediately following the fall from circa 27p. The subsequent extent of the overshoot to 8.5p did however, both surprise and shock me, since after exhaustive research there appeared no logical reason for it. A friend, a 43 year Shell veteran offered the view that if TRIN were a North Sea oiler, the business today would probably command a valuation many multiples of the present price.

Rather fortuitously, those reinvested funds are now worth 39p in TRIN terms, so buying some back here at an average of 9.3p, suggests that should the share price recover to the 15p placing price, the total return would be worth 63p in TRIN terms.

Took a similar decision at the GYM Group (GYM) in reverse last year; after buying in sub 200p, sold 75% above 300p which I considered fair value - only to the watch the share price illogically return to sub 200p within 6 months, after some sector peers experienced a slowing take-up of memberships. However, although GYM completely bucked this trend it mattered not a jot - the share price still got hammered in sympathy with the wider market. Bought back that 75% around 200p - eight months later, the share price is back close to 300p again.

Wish I'd done the same thing with Asia Met - bought at an average under 3p, averaged up to 3.6p as the share price moved up to 14.5p and then rode it all the way back down to 2p - as a result of placing far too much faith in an underperforming management. The story had changed but because of their incredible track record during the recovery stage of the last copper market cycle, where they grew Oxiana Metals from a $3m market cap junior to a $6bn market heavyweight in 7 years, I thought each mistake they made at ARS was a blip and they would soon recover the situation; rather than consider the possibility that was staring me in the face: that they may have just got lucky with Oxiana.

[bmnsa] 18/12/2019 20:11

I do feel for you.
I bought in at 9p last week or there abouts.
The sad lesson I have learnt over many years of investing is not to hold any stock for too long but cash in/or sell and put into another which has momentum.
PTAL/JSE/TRIN have been good for me in closing some(AAZ/BMN) and putting into these 3 in particular.

[nocents] 18/12/2019 19:28

Hi MM
All for one.....and all that :-)
My b/e is 19.7 but I only hold well under half what I did as had to call on it. Sadly never make up what I once had but so be it.
Been a good Dad so money went to good place.
I wish I had been able to buy at 8.5-10.2.
I do however feel that 2020 will see a true revival even if I’ll never be fully financially reimbursed as the shares had to be cashed in. Once held enough for a TR1 before the Placing. Now hold enough for maybe a 1962 Triumph TR1 and that’s it.
........and one for all.
I estimate your ave must be about 16p now.

[marvelman] 18/12/2019 19:19

nocents...what share price is your breakeven?....I have lost track of mine :-))

We happy band of brothers...we can begin to be cheerful now...for once I say it with confidence...I do agree with warwick

[nocents] 18/12/2019 18:22

Wwick.
Lol :-)

[nocents] 18/12/2019 18:04

I am in both camps. I had to sell at lows in order to fund family mortgage and vehicles. Hence can never make up what was there at the Placing. The fortunate who had cash at 8.5...good for them. But PB talks sense as LTH’s have been crucified here. I know of one well-known holder who has lost nearly 6/7 of all he has and has to exist on a shoestring. Not looking gift horse in mouth. Just respecting how it for all concerned. Private investors are essentially treated as cannon fodder and cash cows in today’s market. Wish I had known that 6 yrs ago.
It is easy for those who bought in at 8.5-9p to declare the wonder of profit. And they are not wrong.
But neither is PB.
When it all comes down to it ....upwards moves are good ( especially for the fortunate who bought in). But we still have one heck of a long way to go to make up what has evaporated. Yes I am the Grinch with a chip on shoulder. But I am also a realist. PB is right. So are the others. It’s hard to grieve and leave ...and also it is true that 10.3p is not 15p. One small step for man.

[wwick] 18/12/2019 17:57

Can we cancel Christmas, I am enjoying this little rally.

[spellbrook] 18/12/2019 17:10

pb2

there has been a seller for a while

every set of results we hope for something new

sometimes slowly . slowly plodding can work if you have no debt and cash but doesnt attract the hordes

[princebuster2] 18/12/2019 17:05

Cash in bank, no debt, results, updates with results, new drills planned have all been present in last 12 months.

[spellbrook] 18/12/2019 16:38

pb2 im a realist and agree with you, each low gives a new lower trading range, i
took a further gamble with some large 8.50-8.70p purchases, which could quite easily become 8p with the way trin works

Im hoping timing is better this time and with

WTI up
CASH in the bank
NO debt
RESULTS due in 2 weeks
UPDATES with results
NEW DRILLS planned with some HAWS
SCADA rollout

[mark10101] 18/12/2019 16:26

Prince, there has been constant selling for nearly 18 months, if the seller is done, then most can see how undervalued TRIN is and we will recover lost ground. With my average significantly higher than here I am not happy we had to endure what we did but I will join Spellbrook in his cheerier outlook atm.

[princebuster2] 18/12/2019 16:18

Spell genuinely i appreciate your excitement at 10.6...indeed if you have bought at 8.5 you have made profit. But its not 12.5..last week was 10.25 and went straight back down to 8.75 my point really is even 12.5 is a shocking price especially as there was widespread disdain for 15p! Now 12p is seen as awesome...its not..thats my point really

[mark10101] 18/12/2019 16:10

Good to see WTI at $61, we should be receiving around $63 atm.

[spellbrook] 18/12/2019 15:50

oil just spiked

[spellbrook] 18/12/2019 15:32

with the seller gone, nows the time to buy imo before the large buyers
we are seeing keep it all to themselves

Results and updates in 2 weeks approx

No debt

Cash in the bank

[mount teide] 18/12/2019 14:33

L2: 1 v 1 / 10.25 v 10.75p (rest on 10.9p and 11p)

Who says equity markets are logical?

May 2018
27.5p - TRIN
13.0p - TXP

Dec 2019
10.25p - TRIN - Debt free
21.25p - TXP

[mark10101] 18/12/2019 14:12

Seller finally cleared? Good to see TRIN recapturing lost ground.

[bmnsa] 18/12/2019 14:01

All my Oil stocks are flying:)Happy days:))

[spellbrook] 18/12/2019 14:00

Results in approx 2 weeks

Could see a lot more activity