Trinity Exploration & Pr... Share Discussion Threads

[nafafa] 30/1/2020 00:34

Shareholders/owners need to turn up to the agm, express their dissatisfaction and present a united front. Whilst a few of us do regularly attend we seem to fall for the rhetoric and depart with a warm feeling. Nothing subsequently happens so we all have a good grumble.

[princebuster2] 29/1/2020 22:42

Its just luck! Look at O’Sullivan and Burren...sold it for Billions. Then started Bayfield and within a year went to rat poop and had to bail out..unfortunatley bailed out the this pile of dung company.

[nocents] 29/1/2020 22:16

Oili
Urgent
Give me date of email or a hint of your address
Will explain why urgent in email

[nocents] 29/1/2020 20:47

Oili
Need to find previous email
Give me first part of email address
Jyst few letters and I can search it
Or if you prefer the date I sent it

[nocents] 29/1/2020 20:01

Oili
I will send when home
Re. Culling
Take care not to throw baby pit with batheater
Dodgy managemdnt might already be evident
Also Trin is absolutely not a lost cause. Just a highly credible and intensely efficient lean “lifestyleR21; company with a narcissistic chieftain. Demands superhuman patience. Make more mo ey elsewhere but lose it just as easily. Caveat .

[oilinvestoral] 29/1/2020 19:35

MT I totally agree with your post about wielding the scalpel. It is something that I need to do more often. I will be conducting a review of my entire portfolio over the next few weeks and having a big cull . The point about underperforming management is also worth noting for fellow investors

[oilinvestoral] 29/1/2020 19:31

Hi no cents ... you have my personal email. You were kind enough to send me a previous research note on TRIN

[nocents] 29/1/2020 19:06

OT. Not PT

[nocents] 29/1/2020 19:06

PT. Regarding Venture and maybe getting lucky ...who knows.
I do know that Bruce knows oil extremely well indeed.
But that racehorse can see very very well directly in front of it too.

[nocents] 29/1/2020 18:57

The peasants are revolting.
For a good reason

[nocents] 29/1/2020 18:55

You have done well MT
I have been fleeced bigtime and am very very cautious...untrusting pf the market.
I wouldn’t have a clue where to reinvest as I have come a cropper too many times.
I wish to take Trin to account

[mount teide] 29/1/2020 18:43

oiAL - 'Opportunity Cost' Wielding the scalpel gets easier with practice!

It was a sobering thought to look back recently and realise that the money I took out of Trin at an average of 16p is now worth £430k more than if I'd left it there!

Biting the bullet with some poor performing stocks and re-investing the proceeds into newly researched opportunities has been responsible for a hugely significant proportion of the capital growth of my portfolio over the last 5 years.

When looking at things in the cold light of day - WE OWN THE COMPANY - these guys work for us - and YET, get their salaries and bonuses almost regardless as to how they perform, and therefore deserve no sympathy whatsoever.

As Harry Markopolis famously said - "when dealing with underperforming management - the first loss is often the best loss" I'd second that.

[nocents] 29/1/2020 18:21

Oili
Do u have an email ? Not appropriate to give out here. Quite personal.

[mount teide] 29/1/2020 18:19

nocents - been out on the nature trails with the dog.

Yes, continue to hold the decent 6 figure position that I built in December at an average of 9.2p, which contained some chunky buys under 9p.

Anyone following my posts on other threads will notice I'm one of few on Advfn who notifies fellow posters whenever I make a material change to the holding and why - the SAVP board has the latest example.

Have a very large 7 figure position in Asia Met - and as result of holding the CEO to account for his totally unacceptable performance over the last two years via Social Media and in written complaints to the Executive Chairman; Asia Met announced last week the CEO is to leave the company this Friday! So, perhaps it does work!

The reason for putting the company on notice with an email - is an increasing perception that the CEO (a very wealthy man from the success he enjoyed with his previous company in the North Sea), is running the company like a well paid, largely stress free hobby, as evidenced by the extremely modest operational, production development and PR performance since the Placing and the huge amount of cash raised from it still sitting on account at a bank.

Paul Baay was just as successful as Bruce in his previous employment, and yet, still comes over as highly motivated and driven to deliver similar outstanding returns to his shareholders at TXP - frustratingly, the market is just not picking up the same vibes from Bruce at TRIN.

[otemple3] 29/1/2020 18:05

Oil, this is the most frustrating thing for me too as most other investments have done well during this time so it is the opportunity cost of having Trin as my largest holding that is most depressing. I still remember vividly (and regret) declining the trade at 8.01 on the day the placing was announced to sell my entire holding for just under 20p..... I just hope Bruce eventually pulls his finger out and does some deals as his reputation is all that has kept me here. I am increasingly thinking he just got lucky with Venture - time will tell.

[oilinvestoral] 29/1/2020 17:58

MT your last paragraph particularly resonated with me! It is not just about what TRIN has done vs similar companies. It is also about the cost of the missed opportunity. Like other investors here I am against jumping from the frying pan and into the fire but if you had kept your money locked here in summer of 2018 rather than purchase the company you mentioned in your email to the CEO you would have missed a big opportunity at a big cost! There a time value that is being spent and that is what I'm looking at also. Sometimes it best to sell the poodles and move on ... unfortunately I need to practice what I preach as I have a kennel full in my portfolio

[oilinvestoral] 29/1/2020 17:51

Yes please no cents ! Can you also share the response you get from him

[nocents] 29/1/2020 17:48

I have reeled another very very candid email to Brice Dingwall.
Let me know if anyone wishes to see it.

[nocents] 29/1/2020 17:16

MT
Pleaae respond even if just to say STFU- not gonna say.

[nocents] 29/1/2020 17:15

I encourage direct communication.
Otherwise each of us is just moaning.

[oilinvestoral] 29/1/2020 17:02

Wow MT! What a summary ! You surly know how to put a case together! Eye opening comparison! I'm getting some extra cash to buy some TRIN in the 8s. It could reach there shortly the way this is heading! Management don't care! They are happy to take up their bonuses but the little guys like us don't matter

[nocents] 29/1/2020 16:55

MT
You shared very very readily and gratefully when you bought so much at 8.8-9p.
I feel it would be very graceful if you let this holder know whether you still hold the same amount.
It colours my perception of your missive.
It is your right not to say but that would be sad I feel and in my opinion not as honest nor forthright as your missive to Trin.