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Christmas expenses then school fees dues in early January will undoubtably mean those drills which were are not anymore. They will be undoubtably attempting to raise more funds early in the New Year, who will useless management sucker this time?

This useless bunch of management are surely now drinking in the last chance saloon. They either start to deliver or shut up shop, I doubt any investors will be gullible enough to subscribe to any further fund raise.

Correct, one of the 1.61 ‘sells’ was my buy. In fairness to mms I think it is the volatility that leads to incorrect transaction categorisation

Content of the RNS largely irrelevant, it provided the catalyst for short-term investors to take their profits. On the other hand, it is also a great opportunity for those like myself who missed out on topping as the sp rose rapidly recently.

Was kicking myself for missing about at 1.6 last week, hopefully we’ll now make that up at 1.5

In my experience institutional investors need to consider for inclusion in their managed funds once market cap exceeds £100m, that’s 5p a share

From my experience institutional investors show interest once market cap exceeded £100 million, so that’s around the 5p a share mark

Crl/ No cents, somewhat rich you referring to me as being green - people in glass houses…….

Not clear whether you are invested here, if not truly generous of you to share your wisdom.

Crl/ No cents, , you may recall that Bruce always expressed concern about the level of TXPs debt and their need to raise capital to exploit assets. That still remains an issue for them, thus why I am only maintaining a modest holding here. As we know operations in Trinidad jurisdiction rarely deliver as anticipated. I hope you have learnt and not gone all in.

Just be warned, anybody newly investing here needs to be aware of the appalling track record of this business and it’s consistent failure ever to deliver on behalf of shareholders. Big big health warning.

Just fine.

It is not clear what they are picking it up for is it? They RNS doesn’t state a price so unclear as to whether it is good value or not.

Just thankful they didn’t get to acquire Trinity!

No new money is coming into oil and gas exploration. The only companies in the sector doing well are those that pay a dividend. I cannot see any sustained rerate of TXP until such time as they commit to a dividend, this looks to be some time off.

Experience of Trinity tells me that Malcky’s tips need to be taken with a big dose of salt. He will tip whoever buys him a decent lunch.

What % commission does GST make on that trading volume?

GGG, I can’t fault your optimism. I have so far picked up a few after my payout from Trinity exploration . But, after my experience there I remain very cautious about TXP. I hope your optimism is not misplaced.

Alligator re your 13:57 post, What you describe is very reminiscent of the state of affairs at Trinity Exploration, which subsequently resulted in that company being taken over at a price far below its true value. Management made a series of poor decisions and demonstrated no interest in prioritising shareholder value. Just 18 months ago analysts had a target price for Trinity over 300p a share , it was taken over for 68p.

I have also been invested in Touchstone for quite some time. Whilst I would agree at the share is very undervalued. I fear a similar story emerging to that at Trinity, so I am somewhat reluctant to increase my shareholding.

I am beginning to wonder whether this is some form of Trinidadian conspiracy, such that companies operating under that jurisdiction are compelled never to deliver for their shareholders.

Don’t get too excited, more than likely it will lead to disappointment!

3.5% of shares sold today and sp drops 9.5%, clearly mms looking to frighten the nervous and uninformed into selling