Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hopefully not a literal spark, Confounded, it may prove distressing for an oiler...... I've been hiding a little since the board went quiet and thought that "traffic" may get a little busy following the Mails tip. It looks like I was right - over 60 posts since I last looked in. GO - new and updated sheet - Yes please. I have updated my email with a more public lady.jennifer@sussex-local.com. The other is one of my personals. LJ
It could be worth following though.... I've found three working streams that May be working tomorrow and carrying the programme:- Radio Talk city 91.1fm -- http://www.talkcity91fm.com/ i95.5 fm -- https://tunein.com/i955fm/ Video CNC3 -- http://www.cnc3.co.tt/livestream
A little humour to pass the time..... http://www.mediafire.com/view/14adkdlrd4a0n4e/Nigerian%20Man%20Dies.jpg
Correction Trin specific at 32 mins 52 secs
Thanks Spell, I take it that we simply need to replace the *************** with vox mar kets If so then Malky starts at 22mins 55 secs.
Well that didn't work. Man, I said (with tongue in cheek) Your dog Fenton....... So it was YOU on the video.....??
𝐘𝐨𝐮𝐫 dog Fenton..... 𝑺𝒐 𝒊𝒕 𝒘𝒂𝒔 𝒀𝑶𝑼 𝒐𝒏 𝒕𝒉𝒆 𝒗𝒊𝒅𝒆𝒐.....??
Trinity Exploration & Production Another blog from far flung lands will keep you informed from Trinidad . 2017 financial highlights from TRIN this morning which I�m glad to say are in line with my expectations with operating profits up 74.6% to $11m (6.3) and more importantly in my mind operating margins of 24.3% (17.7), this is equal to $12 pb (6.7) and reflects the positive nature of my most recent comments. TRIN has reported �robust� break even costs of $30.9 pb and has cash of $11.8m and net debt of $0.1m. Also, cash due to the Inland Revenue and the Energy Ministry is down substantially and below the amount envisaged in the ratified payment plan. 2H production growth was 10.2%, a very impressive figure wherever you are coming from and reflects excellent operational work with work overs, reactivations, swabbing and re completions in full swing. Current production short term production targets are 2,800-3,000 bopd which augurs well for the future. Trinity�s attraction has always been that it is set up to be a low cost, high margin play and with further onshore drilling to come will give the medium term production, as if it needed it, further growth. CEO Bruce Dingwall says that 2017 was a �transformational year� and that the �r� word (restructuring ) has now been retired to the lexicon which is good to hear. Investors can now expect a scaling up and as he says, spinning off the flywheel by leveraging up the P&L to enable longer term growth to kick in. Trinity has an enviable production growth already and increasing that at the margins they expect will combine to make a very decent overall growth story and at this price level was a no brainier for inclusion in the bucket list, watch this space��
I have been thinking about the final sentence from the Outlook paragraph..... The Company's low consolidated operating breakeven (US$30.9/bbl) and the hedging programme which has been implemented in 2017 gives confidence that these growth and investment plans could be delivered even if the oil price declined dramatically to its 2015/16 lows and/or if the current SPT regime remains in place. Which appears to suggest that they think it unlikely that oil will revisit the '15/16 lows and that SPT WILL be changed....
The Company continues to explore various options to strengthen the balance sheet further, with the intention of repaying the remaining amounts due to the BIR and MEEI, and redeeming the CLN, during 2018 and accelerating the onshore infill drilling programme.
Ok. I agree that it is unlikely and certainly not now AND I understand that the financial amounts would be more than currently or likely to be available this time 2020, but...... Playing the intellectual game here and speculating for funs own sake. Even a small amount would raise interest and, if the price were still being actively suppressed, put the cat amongst the pigeons. eg. At 25p a cool �5 Million would only recover a paltry 6.25 million of the 280 odd million shares available (and be hard to afford) but, given that most of the shares are locked away with people/instis that wouldn't let hem go...... An undisclosed amount over a 12 month period??
Considering the wide spread allowing Muppet Markers to play with the price...... Given the implication that someone wants it at this price for a reason..... Assuming that it remains low for long enough to clear the CLNs..... Would it be worth considering a share buy back for the next move and what sort of effect would the announcement or even suggestion have on the sp?? (Just some idle thoughts to kill time with)
In that case I say that it will come........ ........today. One of us will be right for if it were to be yesterday then we're all too late.....
Given their penchant for publicity it will probably be on friday but, on the off chance that things have changed, I'll go for Monday 5th.....
I like either the 1 share for info or the remainder of a large order split into "bite size chunks"........ But I suppose one could also make the case that the stronger the rebuttal the more credence should be given to the suggestion..... She says,coyly...... ^_^
Fantom, Weissy - This might be worth a read...... http://www.financial-spread-betting.com/Stock-market-workings.html
Some interesting reading concerning major holders. Anyone want to own up to being named...... Major Shareholders Name Amount Holding % Mr David Segel - 33,917,256 12.01 David and Christina Living Trust - 33,917,256 12.01 Mr. Angus Winther - 23,065,178 8.17 Gavin White - 22,657,015 8.02 Hargreave Hale Ltd - 13,750,000 4.87 Jan Dirk Lueders - 13,088,112 4.63 Scott Allan Casto - 12,443,112 4.41 Bruce Dingwall - 12,215,498 4.33 Joseph Piers Jennings - 11,800,000 4.18 Shareholders Name Amount Holding % Mr. James Menzies - 675,000 0.239 Mr. Jeremy Bridglalsingh - 80,000 0.028
Interesting. I have a vague memory of Artimis being implicated in such actions before HH? HL - Hargreaves Lansdown ?? Peel - not sure. Borrowed shares for shorting is a possibility (see other reply) and it is known/assumed that frustrating retail out is a successful action for taking more of a co back into insti hands. In my opinion this is as much of a reason to hold and/or load up as the sudden appearance of de-rampers......
That is true and has been done for quite some time but, if memory serves, one can Refuse permission to do so with their shares...... ^_^ Consequently, if there is a concerted action by enough people with their holdings (especially large) it Is Likely to have a noticable effect on short action.....
I have been thinking about things recently....... Sentiment, Manipulation, Sellers..... 1) Sentiment - Was anyone else her in GKP when it went through the same problems as the sp was far lower than it had a right to be? Then, shortly after, a 12p share was around GBP4.00...... 2) Manipulation - Conspiracy theory? Possibly, but is is apparent that MMs appear to exhibit the same behavior (or at least the sp implies such) on a wide variety of shares. But that behavior could also be attributed to a wide variety of other causes.... Profit taking, capital liquidation, CGT or just sentiment..... 3) Deliberate seller - Assuming it is not covered by the above this raises the question of why? If there are a series of sells designed to keep the price low, the reasons cannot be many and would depend on who is doing it and what ulterior motives they may have. Who would have so many shares that they could "afford" to dump now for greater return later? Is it connected with the CCNs? Is it possible that such action is designed to dissuade more people from investing? Is it simply that someone has so many shares they can profit from such 'trading'? Is there an overhang from a previous institutional holder who now wishes to unload their remainder?? and does anyone have a record of insti holdings/changes?? So many questions - Who wishes to brave the answers?