Member Info for PipeDragger

Malcy autocorrect

Nice summary of IOG on Macy's Blog today

Goodbody, thanks for sharing the link A great cash generating business. Another year and it should look amazing and probably getting more attention from the wider market.

Jdosso. All very positive in terms of value for shareholders. In the long term LOG are expected to exercise their share conversion options which would give them overall control and I think they would be obliged to buyout everyone else. I wouldn't expect LOG would want to be an operator so I expect it would be sold on. That noted it is still a good investment for PIs at this price. Even if it only doubled in a year I would still be pleased. Is my analysis right.

NEVO, I totally agree on the valuation ...... buy while you can. This is a great cash producing and low debt company.

I think it is even better fundamentals than TRIN but it is still too small a player to get much attention. I like the fact that it is cash generating and isn't burdened by massive debt. It should be really good in another year.

to get up to the 85p launch price. Some hard news on their revised plan for medical trials would help a little. Best news of all would be if any of the drugs actually work. That might be another year. Patience all.

Might trigger some interest and improvement

Oil price is up and production steady. Doesn't seem to improve SP. Not entirely sure why. Maybe they will catch up later.

Acquisition of the pipe was announced 11th April 2017. I guess that means they have done a lot of due diligence - though not pigging - until now. They must have high confidence in the pipe preserved status and pigging is just a final confirmation. Still it is good news.

But very welcome to see nonetheless. TRIN fundamentals are rock solid.

Albany, couldn't agree more. REDX has no chance of raising more money unless they find the secret of eternal life or something like that before the cash has burned out. How many months is that away - end of year or sooner - I would like an update from the board.

Read the RNS feed

Yesterday all my oil and gas shares were down 3% (both AIM & FTSE). Only exception was TRIN up 10%. I am sure it will drop back a little today but it is nice to see a bit of movement.

TRIN is now a robust and healthy cash generator. It should be completely free of remaining tax and CLN debts in less than 1 year ..... and still producing cash. I wouldn't like to predict price by then but it won't be anywhere near where it is now. Nice to see it getting a little attention in the press this weekend. It also has been on Malcys blog for a while. Updates from Mike C on LinkedIn are also a good read.

Another interesting post by Michael C on LinkedIn yesterday trinity-exploration-update I don't know if he also posts on LSE. His analysis is that there is about USD 13M still to pay that will clear all govt debts and CLNs. The one has to be done before the other. That would mean totally free of any debt in about one year. (A debt free cash producing company - i think that is a buy)

Oops, missed the opportunity. I blinked. I really wanted much more anyway. (Nothing makes sense)

Yes, I am not going away, I made my picks carefully. I am confident the value of TRIN will be recognised in due course. It has all the right boxes ticked in terms of cash generation, management buy-in, asset spread, cost base, etc. I have no reason to sell so I will just wait. good luck all

Every share I have is now red. Some of them, like TRIN, have really good news and strong earnings growth, but all in decline. Hard to make much sense of it all.

The RNS doesn't give much hope that we will get any news on the efficacy of the treatment any time soon. At least the trial has started.