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Good post johno @ 11:11 3rd may
...just catching up
Jb -, somewhere in Bolivia
Be greedy when others are fearful.
Today trading at 67 cents...Fifty percent upside from here to $1 CAD...crazy.
If you want to know what Trinity’s tax losses are all you have to do is look at page 91 of the 2023 Annual Report - see https://trinityexploration.com/wp-content/uploads/2023/06/Trinity-EP-2022-Annual-Report.pdf. There you will find this:
“Taxation losses at 31 December 2022 available for set off against future taxable profits amounts to approximately $227.5 million (2021: $234.6 million), with tax losses recognised of $24.9 million at the end of 2022. These losses do not have an expiry date and have not yet been confirmed by the Board of Inland Revenue (“BIR”) or His Majesty's Revenue and Customs (“HMRC”). Tax losses carried forward by companies engaged in petroleum production business in Trinidad and Tobago are restricted to set off against 75% of the otherwise chargeable profits in a year.”
No mention of the trin tax losses which on the trin board have been estimated at $166million. If true makes the deal much more attractive.
By that time we could be hooked up with huge production so I wouldn't stay out if your motive for selling is the deal wont be done till Q3 ... we could well be 60/80p by then and the TRIN shareholder will all be 100% committed to signing of the deal
Looks like end of q3 a good time to return here. Gla
Johnoxxx 💯 spot on
Great News wooster have a good one .
Thanks Supersport for your tip yesterday. And for sparring with Julio or whatever his name is I sold a chunk of TXP as advised and bought into Hex. Have a great weekend I am taking my missus down to Naples. Gla
Do you want him really sell it to TXP shareholders and big up how much of a bargain we would be getting? Clearly not, he’s going to keep fairly quiet until the deal is done? Surely that’s common sense.
JM used a good example on discord:
Maybe he doesn't want to say too much before Tiniry shareholders vote ?
“Have you ever bought a used car and been jumping all over excited when negotiating the price or before signing the contract? I haven't.“
And also a good post by H&H
“ To be fair he needs to not show how excited he is about the deal he secured until TRIN shareholders vote it through, and probably not until the deal is completed, otherwise they might start asking for a much higher offer. The real "sell" should start in Q4 when he shares the operational plans for the combined business for Q4 and 2025.”
Wow that was short and sweet, 15 minutes of Paul Baay talking and no Q&A, basically reiterating the RNS. Have to say the new PB's lack of interacting and excitement is really another step in the wrong direction of his approach for me, it's one thing to change from the 'wall of cash' mode to the 'I am going to show literally no excitement or keeness at all', somewhere in the middle Paul and vary it based on how exciting the news is, oh well have to wait for Q3 FY24 for the deal to complete anyway so we got time, Q1 results in the next week or 2 should give us a better idea of the direction of travel for the current business tho...
They participated in the fund raising some years ago during the heady days of a 95p share price
Premier Miton has had a big holding for ages.
What a waste of time with that "investormeet". Never seen him so uninspired - nothing new; no discussion, just robot reading.
Could someone please explain how Premier Miton managed to accumulate almost 16m shares to end up with a 6.79% holding in TXP when the trading volume over the past week or so would not appear to support this? Could this have been a private trade? Further, what is the AIM regulation concerning the timing of public announcements about shareholdings over 3%.
Great to see Premier Miton, Cannaccord, Shore and Cavendish all now pouring into the stock . The market should react positively to this.
Why we wait for Txp to ignite.
Not too late
Will be with the investor Meet Company at 10:30AM on Friday 3rd May (today), should be interesting…
Scrub that
Seems like a missed opportunity
' will be presenting on 1 St of May '
.)
22/4/24 17:30…
“ Oh I ain’t going to over ramp it. But I think I have earnt the right to post one here.
Check out HEX, a US helium play. Just IPO’d. I know there are some geo knowledgeable investors here that can figure it out for themselves but you may not have heard of it. A home for some change!”
Could have had em for 10.5p when I posted here. On the move now!
I put more in there than I have invested in here! So still got me mojo….just ffs!
Good luck
Usual caveats
Trek
Nah he's a good man an quiet witty .
He's down a heap I think
Your replies imply a lot of immaturity, was just an opinion you don’t need to take it so badly! Not a trader and not claiming to have superior knowledge :)
Becareful who you hold your hands out to especially Denzil