Trinity Exploration & Pr... Share Discussion Threads

[nocents] 08/1/2020 19:47

Btw I fully agree that they are working smarter than I have ever known ( since 2013!) .

[nocents] 08/1/2020 19:44

Point taken w. Thanks. I am reflecting sentiment and some frustration at a few things of course. Many lth’s have left for these reasons and one or two very very large holders in the City whom I know personally. The “ step change” is long overdue . I need a rear-view mirror to see it in perspective but in a year maybe. Yoy cash geowth is important . It is perhaps the biggest part of the jigsaw. But other factors are needed in order to keep holders as holders. We each have our own tolerance limits. I acknowledge and respect your point. Like a couple of others ..it seems like a lifetime we have been in here and waiting.

[wwick] 08/1/2020 19:24

NOC, I expect volatility. Personally, as a LTH, until direction to a step change is determined I wish for one thing, that is YoY cash growth. I do not mind how this is achieved, but I am pleased TRIN concentrate of working smarter, not only on production growth.

[nocents] 08/1/2020 18:32

At the the risk of spoiling the party and making myself persona non grata...I have a few concerns about tesults.Princebuster is likely to resonate. As will a couple of others.
I wrongly stated a few days ago that not many people bought around 8.9p. A lot did. I was very wrong. We LTH’s all know that results are very often buy on the rumour. People are very willing to take a decent profit immediately. And ehy shouldn’t they? If Bruce has any sense he should have decided on a dividend because results-as we know-are often a damn squib. Buyback has been vetoed. No debt been there nearly 2 yrs and made no difference. Haw results crucial and rolling out of Scada.Tgal irrelevant atm. The problem as I see it is the no win of people profit taking-as they have a right to-should the share price rise at all. We are still floating on the crescent of the rumour-wave and have gone from 8.9 to 12.7p in a few weeks. Heady optimism is risky. We know what the market does with Trin ( and other stocks). This is not a “ harbinger of doom” post....not meant to be anyway. I just know that a massive amount was bought around 9p. One person alone bought a small fortune as it coincided with TXP ascent.
So....let us continue to wish for 3400 end of year. I think around 3300 btw. And aware that WTI was higher than Cenkos’ valuation.
By all means shoot me down. But I’d ratger be honest.Sellers have been the curse of Trin and I am hoping that they do not suppress what some of us deserve. I’ll go with whatever happens of course ...but it is always the sword of Damocles over Trin.
In an ideal world holders would wait for greater gains but the market just isn’t like that. Now more than ever. My thoughts. Happy to be amended.

[spellbrook] 08/1/2020 13:44

No debt will become even more mportant over the next 12 to 18 months as borrowing will get harder and harder

[nocents] 08/1/2020 11:23

Yes they are keeping the spread very wide.
13.089p vs. 12.62p atm
Not going to incite much selling. Perhaps a little buying. Large spread often indicates low market desire for trading.

[m5] 08/1/2020 11:04

I do think they are trying to keep a lid on this, spread 1p and 4 v 4 L2

[nocents] 08/1/2020 10:17

Steady as she blows helmsman.
A lot of ground to make up for some of us.

[spellbrook] 08/1/2020 09:56

wwick

slowly slowly

[wwick] 08/1/2020 09:11

Spell, hedged, as per my post 05/1/2020 12:14

[spellbrook] 08/1/2020 09:07

marvelman

15p and im excited

glad i topped up at 8.50 and 9.0p

Slowly slowly with TRIN, and as we know

No Debt
Cash in the bank
growing production
SCADA
HAW
Poss DIVI
Poss BUybacks
Poss Aquisition
Election poss change of SPT
New DRills
etc etc

Lots and lots of possibilities

Not Jam tomorrow

[marvelman] 08/1/2020 08:37

Spell..I sense you are getting rather excited :-))

[spellbrook] 08/1/2020 08:19

3400 bopd and it’s BOOM imo Friday/Monday/Tuesday

[spellbrook] 08/1/2020 07:49

Do we all think Trin May have done a bit more hedging or let it run ?

[bmnsa] 07/1/2020 11:38

Shame about the name though

[pedigree_scum] 07/1/2020 11:35

steady climb today

[m5] 07/1/2020 10:02

Should see a nice drive forward as the results approach.

[spellbrook] 07/1/2020 09:17

Marvelman better timing this time around !!

[spellbrook] 07/1/2020 09:07

if we report 3400 bopd = BOOOOMMMMMMM imo

[spellbrook] 07/1/2020 08:57

SwingTradeBot UK
@SwingTradeBotUK
·
55m
#TRIN technical alerts: Pocket Pivot, Upper Bollinger Band Walk, Expansion Breakout, Volume S... hxxps://lse.swingtradebot.com/equities/TRIN

[pedigree_scum] 06/1/2020 20:48

Next weeks update could see a big move forward and will be interesting to see how they see 2020 panning out. Good times

[nocents] 06/1/2020 15:39

Profit-takers suppressed any dignificant drive upwards. Still progress but sells led to a certain sag.
Results due next week will be interesting.
Still a good time to buy..2.5p below Placing price.

[spellbrook] 06/1/2020 15:13

nice bit of churn, the 350k sell didnt help

probably end up even lol

[mark10101] 06/1/2020 13:37

Simon Thomson update.