Member Info for rossannan

LGO-fan I meant what I said, I’m just looking for clues at the scene of the crime (I guess you’re not a Joe Walsh fan). It’s about taking an objective view on the available information and trying to figure out what is going on. Making personal comments won’t change the underlying reality and, as I said, that underlying reality will become clearer very soon now.

LGO-fan “know-it-all”? Thanks for that. In reality, like most folk, I’m just looking for clues at the scene of the crime. And then using those clues to make some deductions. Everything will become a lot clearer very soon now and we will see who was nearest the mark.

offerman I guess they must be. As they are the house broker it’s hard to imagine that they will revise them downward, unless something significant has changed, but I would take them with a pinch of salt either way.

Anyone else having posts just disappear?

Now it’s back and mine’s gone!

Where did burnie38’s post go?

burnie38 Doesn’t need to be that good, just “in line”. Anything more would be a bonus.

NicotineNelly In the first table there is a column headed “PTRIN (IPSC)”. Horseyhead can give you chapter and verse but basically the majority of that production is now CERP at Goudron so significant movements in that figure either way potentially reflect significant movements in production at Goudron.

Worth keeping an eye on this:

http://www.energy.gov.tt/wp-content/uploads/2018/06/MEEI-Consolidated-Monthly-Bulletins-January-April-2018.pdf

The May MEEI update could well drop before the CERP Q2 update and give a hint on production...

PinWiz No, just trying to figure out from the available clues what’s actually going on. Not long now before the denouement in the drawing room...

LLL Terminology always seems to be a slippery customer when it comes to O&G - End Q2 bank balance versus End Q1 bank balance will be the only game in town for anyone who wants to cut right through it all, IMO.

He is what he is, part of the share promotion industry.

Exactly.

At least that guarantees an RNS prior to 17th July (to give LK has something new to talk about).

crl123

I’m yet to see shorters bring a half-decent company down, and TRIN (these days) is more than half decent. I’m with GO - to each his own. If shorters play by the rules and make a turn, fair play to them. Sometime they see the flaws that the rest of us miss or turn a blind eye to. PANR comes to mind - not many folk saw that catalogue of operational problems and ineptitude coming, but the shorters did. I genuinely can’t see where there edge is here - it must just be arbitrage.

On hols. Maybe next time.

Is what this is now. I suspect that someone has taken something slightly out of context and here we are. But the dream of a tie up like that and what it would undoubtedly do to the share price is no doubt what keeps folk hanging on in here, even as the 25tpd unit seems to be slipping into 2019...

LLL

Or it could just be clumsy drafting, someone using “cash burn” when they simply meant to say “expenditure”.

Garnhiem.

How does that change the interpretation of the phrase “cash burn”?

SRS69

The RNS does suggest that there is some cash burn - the phrase “and also reduce the Company's cash burn” later on in the RNS suggests that, at the moment, cash is not being accumulated or even conserved - but there is presumably still a significant cash cushion and LK has expressed an aversion to “keep the lights on” (as opposed to accretive) placings, so I wouldn’t count your chickens quite yet.