Member Info for rossannan

ab seems to spend a lot of time on x posting well rehe****d political talking points. whether you agree with those talking points or not, this is not the best use of the company time that he appears to be doing a lot of this posting in.

Helpful

Again, where do you EXPECT the money to pay POW is coming from?

All the best

Ross

Helpful

Okay, where do you EXPECT the money is coming from?

All the best

Ross

Helpful

“Perhaps you should ask Andrew Bell?”

So you don’t know. Doesn’t that worry you?

All the best

Ross

Helpful

Please live up to your name and tell us where this money is coming from:

“The £250,000 convertible loan notes, issued to the POW at Completion and expiring on 19 December 2024, will instead be repaid in cash on 19 March 2025”

All the best

Ross

Pumpky

“Hopefully all sorted as back in London”

You may hope that, but is it actually more likely than not to be the case?

Helpful - you seem to be making the mistake of putting the most positive construction on everything AB says. Historically, that has been a very poor strategy. Has it not? After all, the shareholder value destruction here has been appalling, even by AIM standards. If RRR could take AB’s aspirations to the bank, RRR’s shareholders would be laughing. But the bank has always refused to cash them.

No. Look at the PoG chart for the last few years, look at the figures released by the gold majors in the years prior to the most recent round of updates (when more robust margins did finally emerge).

Margins are largely irrelevant to a cash starved company like RRR which basically just a collection of stories spinning like plates and looking more and more likely to end like a Greek wedding.

Even if some of RRR’s assets are potentially viable, they will shortly be taken out of RRR’s hands forever unless AB can produce the cash it needs to pass for a solvent company. How likely is that?

“Gold prices have surged far beyond production costs over the past few years”

Not true. In general, gold miners have been inflation victims too and it is only more recently that margins have become more robust. And the gold price and those margins are arguably largely irrelevant in the context of a tiny company like RRR that is in the throes of an existential crisis.

Helpful

“They were Trolls and explicitly so.”

Maybe, but they were right about NTOG and they did not bring it down - it was just a bad company. They were right and you were wrong.

Helpful - I think you need to check your own posting history. You do not exactly come across as some nimble trader. You seemed to be ramping NTOG all the way down, busy calling anyone who challenged you a troll.

Is it just timings? Be careful. You ramped and ramped NTOG and look what happened there.

Helpful

What do you think will happen if the goodies are not delivered?

Be careful.

Stas20

“which seem to be trying to instil a sense of increased risk”

That is my intention, although with some posters on here I worry that it is about trying to instil any sense of risk at all.

It is over 10 years since I first invested in Trinidad O&G, with TRIN becoming my main focus. After a couple of years of that I became less enamoured with Trinidad’s fiscal/political regime (still a fundamental problem today, even after recent tinkering, and not just for oil).

I still viewed TRIN as a very solid company but I sold up after they lost Bruce Dingwall and was never as substantially invested in TRIN or Trinidad again. As I said before though, while my turning negative on TRIN was initially about specific mistakes that his successors made in BD’s absence, it was ultimately about emerging risk - on top of the fiscal/political stuff you had shallow fields that were beginning to play out and increasingly clear indications why no one had ever followed through with Trinidad onshore at depth.

Then TXP swooped in for TRIN. It was clear from recent TXP history that TXP was also a big bundle of risk, not least because of the debt and the declines, and I was appalled to see Che7win saying this to TRIN shareholders:

“It’s a good deal because you’re getting TXP paper at a very low price. Think about that and the doubling of TXP production by year end before saying the TRIN takeover is poor value.

If someone else came in and offered you 75-100p cash, I would say TXP with imminent growth is a much better way for you to recover losses and make upside profit on both TXP and TRIN assets.”

Awful, awful advice, but fortunately for TRIN shareholders it was overtaken by events.

Then we have yesterday’s TXP news. You say it is “nothing but fantastic news”. For me, as I said, it is a pivot that does not reflect well on the existing business, whatever opportunities the acquisition may bring. TRIN latterly became all about the pivots as one new initiative after another failed and was quietly buried.

So even with the TXP share price down here in the 20s, the balance of risk and reward is just not that attractive to me. I’ll stick with PTAL, keep reinvesting my dividends and see where that gets me. In any event, my main focus in recent years has been gold.

Those are my thoughts, for what they are worth. Take them or leave them - I won’t bother you any further.

All the best

Ross

Crl123

“I do however feel that at 22-25p, it has merit here.”

What merit?

Johnoxxx

“must’ve been a rough day for you Rossannan watching the SP”

Why? I wouldn’t touch Trinidad O&G with a barge pole these days, so it makes no difference to me.

Crl123

“I say buy Txp now and reap big rewards late 2025.”

But you are not explaining what has changed to justify your new take on TXP. I hope you have not just changed your mind because the usual suspects are all over the news today. Remember their track records.

Personally, I see today’s news as a pivot that does not reflect well on the existing business, whatever opportunities the acquisition may bring.

No, I would definitely say rampers.

Corpse

“markets may not understand the full implications going forward”

Or maybe LTHers and the nest of rampers on discord do not understand the full implications going forward. Time will tell.