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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: pstad60 who wrote (24693)8/2/2024 9:14:17 AM
From: pstad60  Read Replies (1) of 24726
 
Regarding Touchstone Exploration acquisition attempt of Trinity

Trinity Directors recommend counter all-cash offer from Lease Operators

Hopefully Touchstone mg't do NOT contemplate increasing their bid.

Doubt TXP shareholders would approve of additional dilution or expense.

Trinity shareholders won't get any further longterm upside by accepting 68 p offer
from Lease Operators. Let Trinity shareholders decide what they want, immediate cash
or longer term chance to recoup last year's 140 p share price with TXP development

.

Today's news release from Trinity:

londonstockexchange.com

.
TXP share price should rise based on no forthcoming dilution for Trinity acquistion.

If I were TXP m'g't, I would just let the offer sit for now and see where our share price
settles for the next couple weeks, as new Cascadura gas wells are coming onstream at the end of Q3.

GLTA !
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