Member Info for Scrodingerscat

ScotsLoveTrump, just because I knew what you posted was incorrect without having to fact check it first, this is not for your benefit as you appear beyond help, this is purely for the actual facts posted next to whatever you call your alternative reality.

Florida - 1,589 deaths per 1 million, 99,401 total confirmed cases per 1 million
California - 1,532 deaths per 1 million, 93,821 total cases per 1 million.

Probably stick to QAnon, Vaccines cause autism, the Illuminati or whatever ridiculous other message boards rather than posting gutter nonsense here expecting a round of applause on an oil share board.

Dreamachine the fella who sold out ages ago, but has found the love and concern for us all, right at the bottom of his heart. Lovingly warning us all about the impending apocalyptic doom and gloom, without fail pretty much everyday before the markets open.

Pull the other one, you've been wishing the price down for weeks. The only frustrating thing about today is that you're still here.

Come on now, my base salary was higher than AD's in 2019 and nobody is saying he is undeserving of a decent payrise but TRR's revenue is still tiny, my brother in laws financial services firm generated £2M in their last financial year, he took a salary all in of £90K, he has 4 shareholders and has the majority shareholding (he is one of my clients and I do his accounts).

AD got a nearly 500% pay rise and a chunky bonus and then some, as well as share options. The share price has grown 80%... where do you draw the line $500K? $1M? $2M? To put into context Q1 royalties will pay AD's salary plus bonus, like already mentioned this puts a squeeze on a company with what is afterall still slim revenues during it's growth phase. You can still say they have done a good job, while questioning the total remuneration cost to what is still a publically listed entity. If it was just a single person that identified this then you'd have a point but it's not is it, it's one of the red flags I picked out when I went through the accounts on my dinner today and clearly there are those who felt the same. I haven't sold up for the record but I expect more from the board than I did yesterday.

A direct comparison would be Anglo Pacific, 2019 revenue is 32 times that of trident (2020) profit £37M, dividends of 1.75p per quarter, base salary £396K although other remuneration does bring this value above £700K. Trident is not even on the same planet as APF yet, so shareholders grumbles seem well justified here.

I had to take a second glance at the remuneration amount. Wowzers... well that is AIM for you, the wild west when it comes to unaccountable pay packets, shame all agm's are remote one wayers at the minute as someone could easily flag that up at the next meeting. This does take the gloss of what has been achieved so far and if the share price and or revenue doesn't shift significantly northwards this year that's a hard total pay packet to justify... though I do agree what has been said about talent but as much as I like AD he hasn't achieved anything... yet, so is not walking into a top banking or law firm job. This is an AIM listed start up share £66M market cap not a FTSE 250 mid-cap or top end AIM share pushing to join the main market, with revenue less than $2M.

The drop has been borderline criminal, oil down 9% on this years high, while TLW down 30%, nearly everyday over the last month the trade book looks like the buys have far outstripped sells. 45p is great compared to this time last
year but is still taking the ****, but somebody has to be selling, probably easier just to switch off entirely I have my RNS notifications setup so no point getting annoyed every day, let those nervous holders or profit is profit worshippers sell to the hedge funds.

We could really do with some more sticky hands and I suspect they will come in time, most likely when refinancing is sorted.

Simplyme, not exactly sure who your reply is aimed at but generally speaking and the facts bear this out, traders in the main fail to beat investor's for gains. 2 of the top 20 richest individuals in the world are long term portfolio investors and actively managed funds underperform when compared to market tracked funds. Even some of the supposed best stock pickers around have been beaten by a cat (yes this was actually done).

No doubt there's an exit point for everyone on every share and trading can make money, but until a day trader joins the top 50 rich list, you will always struggle to promote the short term trading view as the quickest way to your first million. My experience is no matter how good you think you are at picking stocks, it's only a matter of time before you jump on one that tanks or you miss a huge rise on another you think you've got sussed. But genuinely good luck in your future trades and I'm pleased to hear as a LTH you got out a profit. For the record I'm still 55% up (£15K in profit), from being 80% down at one point last year, so happy to sit and reassess come H1 results being released then will reassess.

TheRunningMan nail on the head, basically until the H1 results are out this is still pinned to fluctuations in the oil price and or refinance. The market has moved on from 2020 results but there are no fundamentals to pin the share price to currently so until these are out in the public domain then this is going to be volatile no doubt, but if like me you held your nerve through the drop to 8p and you trust the board when they say; they are generating cashflow at $50, that they will be able to re-finance the current debt favourably, they will have submitted an investment plan for Kenya by the end of the Q2 deadline, the drilling campaign will reverse the production declines then October is not an eternity away. Remember the shorters need you to sell.

Just for some cost context (split between stake partners obviously).

https://www.oedigital.com/news/486688-maersk-drilling-confirms-370m-drillship-contract-in-ghana

Oldtramp, thanks for highlighting the trading update but that doesn't discount the lack of contracts signed and or alleviate what we know about margins suffering in 2020. Just a reminder TPG reports contract wins in excess of £250K, as a LTH I can only comment on comparisons to previous years both 2018 & 2019 had a much higher frequency of declared contract wins with values attached. Q1 has passed and so far zippo, zilch, nadda. Leaving everyone to speculate the value to the business of these announcements that have trickled through. I'm still on the jam tomorrow train but I have held firm despite sitting on a loss for some time. Compared to 2019 the positivity coming out from TPG has disappeared. My honest opinion without some big wins soon I could be waiting till 2022 just to be back in blue. This is not what Cartmell promised at the last raise.

I guess the RNS is a positive one this morning, does bring into question what's happening with Maritime though. Though there seems to be the odd contract signed here or there, nothing since June last year has been quoted with a monetary value. Is anyone apart from myself concerned about holding when 2020 year ends are released? The share price last few years has been higher than this and results lead to a downward trend.

Might sound obvious Slift, but why don't you try Investor Relations for a definitive answer?

I know nothing about him apart from his statue was torn down, so I have nothing inciteful to say.

But do tell me who's Cathy? Old flame of yours, someone who you fancied at school or do you just like listening to Wuthering Heights and Cathy got stuck in your head?

"Bad dreams in the night. They told me I was going to lose the fight. Leave behind my wuthering, wuthering... Wuthering Heights" take it away Jubileey g'arn son.

Who the hell is Cathy? Do you mean Dorothy? Jeez I don't know why I bother, you're still that same old pair of clown shoes. If you define success based on Donald Trump you are nuts, there was only one great business person in the Trump family and that was Fred Trump and even his relationship with a klan grand wizard should question whether you should embrace all of his tropes.

Your basing success on Trump who has been declared bankrupt four times. Ok then.

Firstly, do you think TLW would have passed the recent liquidity test without the additional $500M?

Secondly, name one significant transaction example where the seller is desperate for a sale, the market is fully aware of the need to sell because accounts are published publically and the seller has managed to negotiate a premium on the disposal?

Finally, could TLW afford defending legal action from Uganda, and or ultimately risk losing the licences altogether? If Uganda had a sniff that there was no intention or ability to develop from TLW do you think they would just sit around, Kenya is a prime example of this happening, TLW has the end of this quarter to submit an investment plan.

Jubileey, you need to let the whole Uganda thing go. You are wrong, Slift has you bang to rights, TLW needed the cash and couldn't afford to develop it. Akin to winning a boat on Bullseye when you live in Birmingham, it's costing you money to keep it in storage and you have no funds to transport it to the sea and the only one interested buyer is not prepared to pay your value demands because boat value and demand is at record lows... so it's either that or have it taken by bailiffs. You really must try to look beyond black and white, the word is nuance... Google it if you're not sure. Uganda was as is Kenya currently costs money sitting idle it's documented in the RNS's, not to mention the Ugandan government would be looking to get rid of TLW via legal means if it was still holding the licences, there's no mortally plausible way TLW could even part fund a pipeline in East Africa with minus $500M in cash.

Sorry typo in my last message, should read $1.8B - $2.5B per annum asset.

Happy, again misleading or in your words "speculating" Occidental have a need to sell, all of which I won't detail on here (DYOR) and this is part of their well documented exit from Africa that they need to do at speed.

A disingenuous assessment of value, end of the day Ghana represents roughly 42000 - 44000 bpd currently to the operator of TLW's stake, low cost base, low tax, infrastucture already in place, decent 2P & 2C (15+ years of production) friendly oil producing jurisdiction in one of the most stable countries in Africa. If you are a buyer then you don't take into account all of TLW's other costs outside of Ghana eg. Decomissioning in non-operated or legacy decommissioning, Kenya progression, exploration licences, debt servicing costs. So any buyer who can buy this without using expensive debt has an even lower cost base, some Capex required over the next couple of years and obviously you take on decomissioning costs but anything less than $2 Billion is a steal. Don't confuse TLW's bloated debt and structure as as directly linked to the value of Ghana. Ghana sorted, a stable oil price and within an organisation without expensive debt to service could generate $1.8B - $3.5B Any asset with that kind of potential is not being sold for the pittance you suggest, that's a fire sale figure and you know it.

Bugsy911 although I try to fully subscribe to my yearly ISA allowance, I tend to split across accounts (Have an IPO account and 3 trading accounts - 1 is an ISA) and to be honest have to disagree with you entirely I have no problem generally paying 20% on profits above the CGT allowance, losses are also always useful on an SA return. I never understand why people don't want to pay any tax, hasn't the NHS demonstrated over the last year how it needs to remain well funded. Paying tax is a social contract, it's about paying what's reasonable relative to what profits you have made and I don't think I could sleep well knowing that I took the same attitude to tax as say Donald Trump, Ken Dodd, Google or Amazon. Each to their own though.

Happy, you talk like you know something about lenders and lending you clearly don't. Well here's the facts, debt is cheap as hell right now and peers in the US have found it relatively easy to refinance.

https://www.bloomberg.com/news/articles/2021-03-22/shale-rushes-to-refund-junk-debt-with-cheapest-rates-since-2014