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Agreed ! But nothing “randomly” goes up ! It goes up due to demand which is caused by company’s news flow production, revenue guidance, reserve estimates and drilling progress I’m happy to wait ! Don’t need no profits today or yesterday! But constant talk of manipulation is enough to get me to swerve this all together!!!

Yeah Dunder ... currently UK based but spend 40% of my time in US...

I was just an investor in Venture Production but I also work in the oil and gas sector and have done so for many years ! In investing, I tend to “stick with what I know” and have made very rewarding investments in this sector ... I do have other holdings to balance the risk.

I think we are just all waiting for developments while the MMs play ! Realistically, DNO can’t say or do anything before the general meeting results are known! I expect the company to confirm next week if the requisition of the meeting by DNO is valid and when the planned date will be (most likely by end of September) ... we should hear something from the DNO after the results of the meeting (one way or another ) ! From October onwards fireworks should start! I’ve seen a few situations similar to this with a number of other oilies and in some cases the activist investors would issue an open letter to other shareholders clarifying the situation ... I look forward to DNO telling us why we should vote for them to have a seat on the board of FPM!!!

100% confounded! The valuation gap here is phenomenal!! The share is is easily trading at a 50-60% discount of where it should be ! The management have an excellent track history I was involved in Dingwalls last venture “VENTURE PRODUCTION” which he sold to Centrica for £1.3 BILLION !!! Based on normal market metrics, trin should be trading at between 30-40p based on 2019 earnings and not taking any view of potential deal making or exploration assets! They are undervalued and usually value will out! Unless of course cri is correct and we are being artificially held down by MM... then my valuation theory goes out the window ... like he says “you pay your money you take your chance “

They are certainly buying

Agreed crl!! I’ll be watching and if it is indeed being manipulated I’ll be gone to pastures new ! Thanks for bringing this potential manipulation to my attention! Remember “The market can remain irrational longer than you can remain solvent.” I’m not here to fight with bent MM , there’s no point ! I’ll be watching ! Mind you all this crying of manipulation certainly won’t be endearing us to prospective new potential investors who visit this B.B.! They’ll just walk away and invest their cash in Serica Energy or Faroe Petroleum or SDX Energy (who are not being artificially manipulated) Once again thanks for your insightful posts CRI

Confounded and crl Thanks guys ! I appreciate the response ! I’m a long term investor and have held certain shares since 2010 so I am not looking for a quick buck here but I also don’t want to be invested in an “artificially manipulated share”! Like I said I will be forensically examining share trades from now on to watch for this and if it is indeed the case I will take my money elsewhere as advised by crl! There are a bunch of solid well run oilies out there with no debt and a strong cash position (I believe TRIN is one of them) but if it’s being managed deceitfully by MM below 17p it’s not one for me and I’ll be dumping my shares faster than a ramper can say “but the management here are good”! Good luck all holders !!!

I agree confounded! I think the simple reason is that some of the guys who took part in the placing are selling their cheap shares at 16.8-17p which is flooding the market with cheap shares and suppressing the share price ! It’s not big money but every time they sell a 15p share at around those prices , they make around 12%! It’s a simple explanation.. like I said I don’t buy into the “everyone is out to get us” mantra! If you were a potential investor with a load of cash ready to invest in a hot new oily , would you invest in one that is rigged by the market makers? One that is artificially held down ? One that will never go up “because of the grip that the devious market makers have”? Or would you invest in a company that has a share price that is fully reliant on operational success and supply & demand metrics ? Answers on a post card ! Based on what I have been told here I’m now starting to second guess whether I should be invested here ! I will continue to monitor share trades like a hawk! If it looks like these are indeed being “artificially held down” I will sell my entire 100,000+ holding immediately and split it between OPHR and FPM (where DNO is preparing a takeover)!!!! Everyone is entitled to their opinion though Good luck all holders

No worries crl we don’t have to agree on everything! You don’t need a BA in economics to know how markets work or the basics of supply and demand ! The reason I mentioned it is that all this talk if “manipulation” a good way to turn off prospective buyers! Whenever I go to an oily B.B. and all the talk is “MM manipulation” and the fact that the share is “being managed” or “artificially held down” , I usually know that something is rotten in the state of Denmark!!!!! Usually there is an underlying problem with the share that is either unknown or hidden! I remember all this same manipulation chat was taking place on the Xcite Energy BB way back when ... same thing happened on the Afren BB... We know what happened to them .... One thing we do agree about is that trinity is a good investment and value will out in the end Good luck all holders

I don’t Buy into the theory that this is “being manipulated” or “carefully controlled” or “ driven down by market makers”!!! No body is “gripping” anything ! If there are more buyers than sellers the share price will rise and if there are more sellers than buyers the share price will fall ! Simple market dynamics ! Supply and demand !! I believe that buyers and sellers are currently balanced trading between 16-17p! The market makers are there to make a market and encourage trading ! They don’t make any money when nobody is buying ! Volume has been very low here ! Almost anemic!!! I believe the non buying has been the cause of stagnation!

Nice to see this heading up above £1.5 today after hitting 1.37 a few days ago ! Would like to see new 52 week highs before the General Meeting to set the scene for DNO !

I hope so crl! Imo 10% is beyond mediocre for a junior oily ! I’ll see what happens with their update in September! I may increase my holding if they over deliver

I agree CRI123 The only thing that slightly bugs me is why they are only targeting a modest 10% YOY production increase for the next few years ! The companies I have mentioned below are looking to double and sometimes triple production ! I would hope that being debt free with cash and income from existing production that they will invest more and exceed those mediocre targets ! Good luck all

Can’t disagree with any of that dubderhead! That’s why it’s in my portfolio! Usually I’m pretty good at picking oilies and have done quite well from my oil based portfolio but I was just asking if I had missed something in my initial research because based on a lot of metrics TRIN is significantly undervalued!

AGreed not all are aim listed only 60% !!! SQZ AIM listed FPM AIM listed SDX AIM listed !

My point was that it doesn’t seem like a company in trouble ! They are continuing with development and although the share placing was at a ridiculously low price , it’s over now !! Let’s move on and look forward Also being called Xciteless I can only assume you were one of the gamblers who through their shirt at XEL LMAO ! That would explain a lot !

Ps: - Confounded Petrotrin are a disaster! The only less reliable revenue streams are the KRG in Kurdistan and EGC in Egypt ! Petrotrin always (for years) seem to be going through financial issues and problems with extremely sting workers’ unions !

I agree with you Maladoni I think it is possibly to do with the recent past. Generally well researched investors do investigate and research before they part with their cash! I took a punt here at just over 16p and was expecting a quick return to 20p+ but I’m shocked that we have started to linger here for weeks ! Confounded As far as the being the only oldebt free oiler that’s not true ! You said “name another ...” ! Well I hold a basket of shares / oilers all debt free and all with bigger margins (mainly because they sell their crude at a premium to Brent and not at WTI) SDX Energy SDX Serica Energy SQZ Faroe Petroleum FPM OPHIR Energy OPHR SOCO International SIA To name but a few ....

Asking my self the same question! Is there something we don’t know about ? I’m thinking it’s to do with being under the mercy of Petrotrin (who are the most incompetent useless bunch of idiots) Is it also because of our narrow margins ? Or is it due to the history of our company which is less than exemplary?