Trinity Exploration & Pr... Share Discussion Threads

[nafafa] 29/10/2020 07:46

Despite my frustration about the lack of dividend, I could not resist a £2k purchase very late yesterday. With the cash pile covering 4.2p of the share price, Trin is affectively valued at 3.6p a share, £15m. This is little more than the additional cash to be generated over the next 12 months from existing operations, how crazy is that?

[pavey ark] 28/10/2020 20:49

Oil taking a tumble.
TRIN still making money and this could play well if they are looking to buy some onshore assets.
A couple of weeks sub $40 could give some small producers the push needed.

[aimmafia] 28/10/2020 13:58

P5 you're an utter bellend. Still living with mummy

[aimmafia] 28/10/2020 12:03

But I sold at the right time. Clearly. Does swearing make you feel like a big boy?

[spellbrook] 28/10/2020 11:40

ac

no

[astorcourt] 28/10/2020 11:33

will the mm still take 800k in one go?

[spellbrook] 28/10/2020 11:28

nice volume

[aimmafia] 28/10/2020 11:01

8p broke. Next support is 7.5p if it goes below 7.5p absolutely fill your boots

[aimmafia] 28/10/2020 11:00

Im not invested here? So yes, youre a bellend

[spellbrook] 28/10/2020 10:32

here we go again, appears no reason, nothings changed

Maybe TRIN needs more DEBT (lol)

[nafafa] 27/10/2020 11:11

Announcement of a dividend or even a share buyback is the only way to get this one moving up!

[aimmafia] 27/10/2020 09:57

That p5 is a right bellend. I'm not sure if anyone has noticed. Must surely be living home with mummy still

[mark10101] 27/10/2020 09:33

Wow Spell, that is up from the 250k when tried first thing. Multiple news items in the 4th QRT, with none so far, could be a busy end to the year.

[spellbrook] 27/10/2020 09:28

can sell 800,000

[p5tvr] 27/10/2020 09:25

I told you that this was going to 8p you losers at this rate it won't reach 10p by year end...LOL

[aimmafia] 27/10/2020 09:21

My whole watch list is down at present. It's certainly a bit of depressed market. Or maybe that just my watch list and I terrible at picking shares

[mark10101] 27/10/2020 09:03

AIM, given the volume they are prepared to take this morning I get the feeling this is a bit of fishing, reaching towards the 8p support, which as you point out is important we hold. By close we could/hopefully go positive (oil perking up atm) and that would keep the most bullish technicals in place. Bruce then drops one of the many news items promised over the next few months and all will be good.

[aimmafia] 27/10/2020 08:47

Again it's a strange one. I thought we would of seen 9p today. You dont want 8p breaking. 8p should be the base

[mark10101] 27/10/2020 08:35

They will take 250k shares if you are inclined to sell them today. Not for me...

[mark10101] 25/10/2020 21:11

PA, good technicals and good fundamentals are what you want and TRIN now has both in spades. A golden cross and a tightening ascending wedge on increased volume is about as good as you can hope for technically IMHO. Marry that with your fundamental view of the opportunities in front of TRIN and I am quite happy to see how next week pans out.

[p5tvr] 25/10/2020 21:08

I say in your dreams!!! this will still be under 10p by year end.

[pavey ark] 25/10/2020 20:53

My background would suggest that I should be interested in charting but I've never really got into it....but that one looks good.

More into fundamentals/news and always thought that charting works only because enough people believe in it...each to his own though.

The next news should be the licence agreements, the farm out and the potential deals with Heritage (with Cairn as partner).

On their own TRIN has the SCADA programme and I really suspect the next biggish news will be their decision to open up their west coast assets.

Not sure this licence is up for renewal but even though they have two proven wells seemingly ready to go (300 bpd and 250 bpd) they have not brought them on.

They have said/hinted that the west coast asset could be developed as part of or in conjunction with the Heritage Jubilee field so perhaps waiting to see how things develop.

The west coast assets could be producing over 2000bpd in a fairly short space of time.....then Tgal...then Jubilee...throw in the odd onshore acquisition......"calm...I said calm yourself lad!!!"