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Whilst we all like to see a blue day I am sure if invested, as a LTH individual day movements are not so important as the outlook for the future and growth. With Wressle now cash generating and West Newton and other projects to look forward to this year I am sure 2021 is going to be a very positive year for UJO with IMO the SP likely to be multiple times higher in a years time and although well in profit now will be adding more. GLA
A strong move up since late November and a low of 0.1125, but think the recovery has only just started with the news over the next six months likely to be highly positive on several fronts. I believe UJO is well placed for 2021 especially with oil prices recovering and the emergence from the Covid pandemic, and hopefully their strong cash position will allow them to take advantage of opportunities as they arise. GLA
Would like to see above 10p before year end (and still time(, but think 2021 will be the really growth year for Trinity with further investments, strong WTI price recovery and SPT change. Hopefully improvements in technology and cost base during the final quarter of 2020 outlined in last RNS will strengthen the profitability further, and the cash generation will allow Trinity to take advantage of opportunities as they arise in 2021. A LTH anyway and still accumulating but SP well undervalued at the moment IMO.
Whilst first invested in Trinity last May at just below 6p and could see iSP getting back above 12p (pre Covid level)), would agree with cash generation here a small dividend help stimulate investor interest further, however cam see the SP pushing northward next year anyway with further growth.
Appears lots of selling today but added another 5000 near the close,
Steadily accumulating as I believe 2021 will be an exciting year for Trinity.
Yes I suspect with its strong cash position, WTI price recovery, and a favourable tax scenario going into 2021 its going to be a good year for Trinity to exploit opportunities and grow further and suspect an SP below 10p will have looked to have been good value for investment in a years time. Still accumulating here GLA.
Believe Petrovis are well oiled in Mongolian Government Procedures and how things are done, so hopefully they are assisting Matd behind the scenes, and as Mike Buck said on the licence this is a matter of when and not if, but I must say it appears to be taking an extremely long time but the potential here I believe is huge.
Adding a few more here as consider SP well undervalued as expect significant growth here over next 12 months as they start to invest some of the cash accumulated, crazy that nearly 6p of the share price covered by cash alone at the moment, but gives Trinity an excellent platform for further investment in the business.
GLA
As indicated in the last RNS on the 15th the board expect the cash balance at year end to be nearer 30 June level, and with Trinity generating significant funds last quarter, it looks from their statement that they will be investing $4 to $5 million in growth projects over the next couple of months so guess a lot of news to come shortly.
Held this share on and off over the last 30 years and actually purchased some as low as 20p during banking crisis although sold them later at 74p, but decided last week having been out of them for a few years to buy back in at 174p last week following the successful fund raise as the future in my opinion looks bright again on several fronts.
GLA
Can see the next concerted rise IMO taking the SP back above pre - Covid lockdown levels seen in January 2020 with the company in a far stronger position now with the cash generation seen this year and outlook for 2021.
Whilst have always thought ZOE an excellent trading share and been in and out a few times making a good return on a short term investment, so not surprised on recent interest from the 2 companies mentioned. Whilst called this latest move around 20th of July (see post) with SP circa 9 pence, didn't actually play it (bad call) as with AML moving northward as well left funds there, but consider downside risk now increasing again with results due out in September so will still be watching for a while.
Added a few more here towards my 1 million share target just need some news on licence now, but still believe real gains will be made when MATD start pumping oil to the surface and looking forward to further exploration next year with the Raptors so a LTH anyway. Just adding more shares bit by bit as profits become available from other investments. GLA
Whilst got out on an overall breakeven from HNR days , ZOE did prove a very successful trading share and cannot see that the situation has changed much here as still giving good rises followed by falls. Would say if falls below 9p may give an opportunity again for another trade, may take a little profit out of AML. RNS on seed sales likely to give the SP a boost but be wary of results to be posted before end Sept as still likely loss making.
Whilst only purchased my first shares here in May just below 6p and have added a few more since, believe the outlook here looks extremely positive with oil prices recovering and the significant cash generation here. So will be increasing my holdings considerably over the next few weeks as I believe current SP well undervalued with the oil underground, potential growth next year and cash cover Trinity has to exploit opportunities. See this as a LTH.
No doubt MATD want to explore as many options as possible to help finance development of Heron and even Gazelle discoveries including partnership deals with one or even more partners. Personally believe Petro China are likely to play a part even if only in processing oil, but remember they have oil just across the border and economies of scale would likely to be beneficial to them and MATD.
Will be adding a few more shares next week, GLA.