Member Info for crl123

So why would this be the case?

Seems counter-intuitive without a purpose.

Deserve it from him DH. You talk sense and aid others.

Infrastructure being built. Not all revolving around PB. New gas markets. Drilling to offset decline. Debt yes. Hopefully production working capital will match it.

Probably ignore whatever Superspiv has to say in his green box. ( I await the retort).

But to give PB credit in the face of an appalling share decline, , he has built TXP up as a company from little, has significant infrastructure in place, and is the biggest onshore producer in T and T. The s/p probably hurts most people stillnin it, but the pudding is there…just needs proving in 2025 ( without too much extra debt I would hope). Apologies for all the posts.

I resonate with GGG as I am sitting on a loss too and know his is also not painless. On the back of never ever trusting a CEO of any company, especially on AIM, I reiterate holding until Q3 2025 and looking back at what was real and what was fantasy. It does mean even more saintly and difficult patience though. But what’s the point of selling at 21p? Ok possibly 20p or 19p this week but you can’t count on that. I do resonate with GGG’s experience of incompetence across so many management teams though.

Talk about the US VIX (volatility index). Substitute Bull**** for Volatility in the AIM index, or even for the word ‘Alternative in its title.

How much can we trust PB ???

I can’t answer this as I don’t know.

In hindsight in 9 months a better idea.

HibStorm. Sorry if I am wrong about Txp. Trinity did cost £500k for its AIM listing.. We worked out how much it would save by being bought by LOL and delisted. My source was a well-known poster on Trin and a big holder of Txp now. He doesn’t get his figures wrong.

I am always happy to admit I am wrong. Opinions or wrong facts. So of course zi can be wrong . But we used that figure all along for what would be saved by Trin being taken over by Txp and no longer dual listing. I trusted the source.

Predictable

Been in T and T 11 years( admittedly not gas). Known Txp sice Alberta days in 2012. I can get things wrong like anyone can. And I may be wrong here, like anywhere. But I hope I have the grace to respect other worthy posters-right or wrong.

Goodnight.

Superboy. Bit ungraceful of you. Not called for. I’ll green box you ‘cos you are just plain immature and what I say won’t change that. Reply if u want! I can’t read it. You’re stamping your foot in front of others.

I expect you’ll answer anyway. Point will be proven. Bye

Most people ( incl me) have ave over 30p, sonit hurts.

Buy or lock away. Don’t give away at these pitiful prices.

Look at some other stocks. The mighty Glencore at a year low(£3.63) It hit £3.59 today. Other stocks being hammered. Bottom drawer. We share pain. Leave it there.

Agree.

20 pnor lower.

Market seen through PB’s wide boy approach. Also trying to flush out. Attempt to explain flatline of declines not enough. Need debt sorted. Drill’n kill needs big funding not just $10m.

Nil desperandum. Lock it away 6-9 months. Or buy at these silly prices if you can. I am on a big loss too so have no agenda. Just to encourage people . The Aim market sucks. Costs $500k just to be part of it. Txp would do better to go private. Look for a buyer in a year. But yes, mm’s got a warehouse to shift. Watch this space. Market is sh*t all round atm though-apart from US tech and Tesla- so no respite . Lock it away 6/9 months.

Ery poor number of buybacks at this level.

Beyond me.

Zeus should be scooping them up.

Cannot see a decent reason why not, unless someone can hypothesize one. S/p struggling.

GGG

Because on their pay, they would rather keep the cash, take no risks , and live the good life??

Stand corrected for gas of course.

I am one of those humans who gets things wrong at times!

Really just a tract on debt. Not a fan. Been through too many Placings, Rights Issues and Liquidations.

My thoughts on debt are clear. Bad. Managed debt through revenue is positive but not guaranteed here. Debt is Txp’s weakness. Caveat shareholder on this one. It is easy to talk off, until crisis happens and the bank recalls the debt, which is not payable immediately. I was there with Trin 2016 who called on Trinidad’s Article 11 to restructure as the vultures in the bank tried to shut them down into liquidation by freezing all assets. Same happened to 4D but as this pathetic administration has no protective Articles from creditors, they went into liquidation and thousands( incl me) lost life-changing amounts. Debt in the US is normalised. Protective structures. Here there is nothing. It is pathetic, unforgiveable and allows quasi companies to take money and run.

At least Txp has some protection. But the bank nearly took Trinity down and I think only because of BDingwall’s contacts did it survive.

My view is minimize debt to a level where working capital manages it. Taking on too much drilling can be risky . E.g. if Ukraine finds peace and Middle East settles, there could be an energy crash as in 2014-16.

Big simplification by me. PB is a bit of a wide-boy. Bit too gung-ho perhaps. Perhaps not.

I expected 22p. But buy if you can perhaps then do a Rapunzel.

I think I agree.

22p is cheap but I share GGG’s cynicism more than others’’ trust. Mgt need to prove they can move. AIM does not take prisoners.

I did expect this drop and warned of it I know AIM and how they treat T and T. . No surprise to me. Yes I am invested here, but long term. 22-25p is still value imo, but PB and team are not viewed with great respect by the” market”. Funding is still an issue. Even if 7.5m was accounted for out of the 10m. Drill’n fill needs to just happen. Gas prices need renegotiating ( said this for a while) and many here may not know, but the biggest amateurs are Rowley, Colm and Stuart in the T ant T govt. almost more rhetoric than dunkhead Trump. They are slow, inactive and unreliable. They did finally introduce fiscal reform on SPT ( oil) , but their priority is popularity and the vote and they change like the wind. PB is playing a harp to the media but the market is not seduced. Not that his moves are wrong, just that T and T always want their pound of flesh. Even Venezuela and Guiana are more profit-friendly( see Ptal etc.). I expected this pullback as it is what AIM does . Especially with no imminent news to feed it. Insatiable and cruel market.

22p is cheap. Good buying territory .

But saintly patience needed. 6-12 months just for some clarity.

I don’t support a Placing or Rights Issue. Too painful for existing holders. Riot territory. My loss is big enough but dwarfed by others.

Always view anAIM CEO through a glass darkly. Never fully trust. Learned that the hard way.

Appreciate that. ThAnks for your work and opinion.

Low number of buybacks is very poor at this price. Yes the company can of course influence Zeus.

I would not read too much t/o projections onto the management team. They are probably more interested in the Xmas jolly. I am afraid I have little faith in vast majority of AIM BOD’s. I have only experienced indolence , apathy and greed for the nice psycheques. I am clearly biased