Member Info for jfk9

Let’s hope we see 15p soon then I can pick up the balance of shares I should have been allocated in the placing. Lower than 15p would be an added bonus. In time true value will show through here, a far more solid bet than TXP!

Thanks Mcadder, I was rather hoping that might be the case which assuming you are correct rules out Rough.

One thing that puzzles me is the closure of Rough which I guess is now being run down. As there appears to be such a compelling case for and shortage of gas storage I would have thought a major reappraisal there would be on the cards to overcome safety concerns and keep Rough operational. It may be the case that ongoing viability is not feasible regardless of cost, anybody know the answer?

This is not Trin’s fault they didn’t manage the allocation. Get over it or sell up. Mind you, could be good for sp next week if existing holders scramble tor shares their brokers failed to allocate them correctly.

What a load of wingers! This is not Trin’s fault, I always expected to be scaled back so pleasantly surprised to hear I would be getting full allocation. As it turns out I didn’t as brokers screwed up, in the meantime have accumulated at 15.7-16.5p which is amazing value, at just 10% over offer. Suggest you guys do the same before realization dawns that this share is massively undervalued, rerates and you miss the boat. Crl if you are so unhappy with the company why don’t you sell up your massive holding and seek your fortune elsewhere? Alternatively turn up tp the AGM or EGM and make your presence known

Very disappointing that just over 10% of the new allocation is to be offered to existing holders

Being one of the few PIs who attended AGM I am not surprised at this but didn't expect so soon. When CLNs issued it was about survival and it was never anticipated that they would pay down in time. When new funds raise that ought to add at least commensurate value to business, I just hope I am offered a proportionate amount of the new shares or I buy now ar 15p and don't participate. EGM on 11 July perhaps will see a better showing from PI community.

SRS likewise good to meet. My take was that CLNs wouldn’t be permitted to mature because of their associated heavy dilution. If necessary external funding would be sought to ensure that they are cleared.

I agree with that AGM very procedural but great opportunity to meet team after, where off the record much more becomes apparent. Suffice to say, I came away very reassured that we are invested in a solid business which is well run with very good prospects.

Looks like a persistent seller is keen to keep the price down offloading around 1 mill at a time

Mcadder, does the FEED essentially deliver the detail design for the build? Great day today, nearly brings me to break even. Perhaps I good time to shift these into an ISA!

Setanta, all very valid points. I bought more stock in the high .20s hoping to average down. I consider this still to be a very high risk investment and don’t believe a compelling commercial business case exists. If that were not the case a big player would have bought out the project for say £5m and proceeded, that has not happened. However there is undoubtedly a compelling social case for provision of gas storage which I believe will ultimately lead to progression of the project, that may well require political pressure or publon sector support. Raising the funds to progress the Feed demonstrates confidence and, of course. releases EU funds for this necessary next phase. Fingers crossed thereafter!

I’ve also bought considerable more to average down, now close to where I started!

I guess the new shares have now been issued so current mini sell off is likely to be a degree of profit taking as matters settle. Is that right?

My two buys today both show as sells as do all the rest which, I suggest, were all in fact buys as well

Very nice and it will drop to under 4 if Saudi Arabia’s intention for oil to trade in the $80-100 / barrel range is achieved

They just took my £5k worth at 18.1p, rather convenient as I need to pay my builder today

As I recall the oil quality discount ia about $6 a barrel

They are predictable so think like they do and act accordingly. I was quite happy with my sell at just shy of 18p

Again I expect virtually all of today’s meager trade volume comprised of buys. There can’t be much stock floating about at these prices to satisfy any chunky order.