top analyst

2877 days ago

Trinity Exploration - will its $23 million tax black hole sink it for good? Or will something else sink it first?

It is in default on its loans but the banks keep putting off the day they pull the plug. Today the company admitted that its attempts to sell its assets had not yet secured any firm offers. Well knock me down with a feather boa sailor, quell fecking surprise. But now it gets worse. Top analyst Zac Phillips, a man who was once seen as the Geoffrey Howe of hydrocarbon analysis but who is rapidly become an attack shark, flags up a massive black hole of a tax liability for Trinity Exploration (TRIN). Writing in the SP Angel morning note today Jaws warns:

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