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Just these two left on the offer, 17,500 left ?
32.5 7,500 MREX 15:32
32.5 10,000 SCAP 14:31
1 v 2 now after the tick up :)
Ticked up on the offer , just the bid to move now as were now 3 v 2 31.5 /32.5
Now 3 v 2 Tick tock ...,last 32p stock ...who want's them !!!!
Level 2 just improved now 2 v 1 tick up coming, is this the last 32p stock every to be seen !!! some say defiantly !
"You don't build a ship while sailing "
Got too steal that saying ...
IMHO TXP has had only one job since getting the Cascadura results in 2019: Bring the gas online ASAO with a minimum of dilution to shareholders. The board and CEO simply do not understand how to build shareholder value. We're getting excuses about "bad gas prices" (who negotiated them) and a lot of gaslighting all of the place.
What we really need is a new, smaller and efficient board; a kick-ass local management with a fixer mindset and a cancellation of the Trinity deal.
We should have had the wall of cash now and the SP should be around 10X of the present day joke. Empires are build from a strong basis - you don't build a ship while sailing - but this is exactly what they're trying to do. This deal gives us at least one MORE year in delay.
Can’t believe drop here , you would of thought a company wanting to make an acquisition would be good news not bad
Malcy's comment was -
Also the recommended acquisition of Touchstone is in my view going to be a very important deal for TXP, it will as they say ‘provide scale and strength’ along with flexibility almost my exact words from the blog after its announcement. The way that onshore Trinidad works it is crying out for consolidation and now TXP are the big cheese in country they will have more sway where it counts.
Ss, Wish I could share your enthusiasm. Our wall of cash seems to have turned into a wall trash and I simply don’t understand the timing of to Trinity agreement. Is this why PB flew to London to try and drum upLondon investors ? If so he appears to have not succeeded. Yet another RNS and yet another sp decline.
I sort of feel slightly misled by PB and the company. You can only analyse what is given to you and we do appear to have been focusing on the wrong issues.
PB and is fellow directors have chunks of shares so I can only cling to the hope that what they are actually seeing comes right in the long term.
Be good to get Malcy’s perception on these developments from this current target price of 200 p
No prob... happy to wait now for a return here, at least as a producer there is now a floor somewhere, unlike with some of my other, pure exploration oilies...
And the deal is less appealing to TRIN every day, so you never know...
Sorry I didn't mean to come across harsh I was as boyyant as your self .
No one see this coming. short term this has been harsh for TXP .
In the long run it may turn out fantastic .
Gl with averaging down but I think this has further to fall over this quater unless a rabbit is pulled out of the hat.
Or indeed the deal collapses
The value for TXP directors is still there.
They’ve diluted any value for us investors who helped get them there.
PB Once said “Shareholder Value” was what they were aiming to give.
Touche... I admit I did not see the TRIN proposal coming... But I just see that as something of a sideshow, the value in the core TXP assets is still there.
It’s in the subject Title.
The mismanagement discount is strong.
No one trust’s anything PB says anymore.
This used to be a gem of a stock.
Frustrated and in too deep to exit.
It’s about time the fat salaried directors had a good look at how they’ve misled investors. They can pat each other on their backs for a job well done…..
When you was in Calgry a few weeks back telling us all how good the vibes were there an that you was buying at 50p.as it was so cheap I think it was every one from trinty they all made 50% where to now have lost 50%
The 15,000 buy at 12.33 was me, seemingly had the same idea as a couple of others at the same time. All in on TXP now, this is nuts.
Have to say you called this right from the get go
The longer this drags on, the less chance of a merger. So I CBA really. Just let it plummet and hopefully TRIN shareholders vote NO and whoever brought this "idea" and suggested this "excellent" timing will have the self respect to quit TXP.
This hit me hard upon realisation along with others .
I'm very fearful where this stops falling too
However I will be back in Q3 but not so heavy . That's when I feel the sentiment may turn but a lot lower than now.
Well I don't think it is ridiculous given what's happened .
We should of been merged like for like with Trinty not 1.5 shares of TXP.
Then the deal would of been fair not shafting TXP holders
Then we could of joined an let the share price rise accordingly.
Everything is falling because of the uncertainty coupled with increased production in the q4.
This it me hard upon realisation.
The price action indicates a large seller is getting out IMO - probably North judging from the earlier TR1. Given the millions of shares they hold this is a falling knife which retail holders are trying to catch.
Same I just bought a further 58k in 3 tranches
So cheap now, it was super cheap yesterday...today is just utter madness !
I have said this before, I am not a chartist but ..
SP chart often does represent sentiment of investors as well as fundamentals.
The share price has been on a long term down trend, and in fact in a descending wedge. SP is now sitting at the bottom of the wedge, it could breakdown... But descending wedges are usually seen as a BULLISH pattern and SP as eventually the share price will break to upside.
So for the first time in a couple of years I have bought (using last years ISA still sitting in cash).
The wedge may run for another 6-12mths, we may see a bounce then further lows.
My reason for buying is ultimately on fundamentals, but also at this degree of under valuation there could even be a bid.
Why are you wasting any further time responding to him? He’s either trolling or he’s just a complete fn idiot (my money is on the latter).