Aminex Share Chat - AEX
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Aminex||LSE:AEX||London||Ordinary Share||IE0003073255||ORD EUR0.001|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Oil & Gas Producers||1.4||-10.4||-1.3||-||34.09|
Aminex Share Discussion Threads
Showing 55501 to 55523 of 55525 messages
|New power from Tanzania gas plants added to grid
By Tildy Bayar
Tannzania’s state utility has added 245 MW of gas-fired power to the national grid, enabled by gas from a new pipeline.
The nation’s hydropower generation has been erratic due to insufficient rainfall, causing chronic power shortages, while its gas power plants have had insufficient fuel supply. The new gas pipeline, which runs from Mtwara to Dar es Salaam, is expected to improve the situation.
A spokesman for the Tanzania Electricity Supply Company (Tanesco), Adrian Severin, told newspaper the Guardian that the new gas-fired power is being added in stages. “We expect the country will have reliable power after all the megawatts are added to the national grid,” he said.
Of the total amount added, 70 MW are from the 100 MW Ubungo II plant, 75 MW from the 150 MW Kinyerezi 1 (pictured), and 100 MW from the 120 MW Symbion plant. Severin said an additional 35 MW from Ubungo II and 75 MW from Kinyerezi are expected “soon”.
The 240 MW Kinyerezi II is also under construction.
Former Minister for Energy and Minerals George Simbachawene has said that gas will be a permanent solution to the nation’s power problems as it “guarantees sufficient supply of electricity throughout the year”.
|yes thats right it was when Wentworths got their GSA but at the time without the PP attached to it.||blackgold00|
|Probably something to do with an imminent GSA||lfdkmp|
|Hey guys I was just looking at charts etc and wondered what caused large spike around 1 year ago in between December and January. Does anyone remember? What's it rumor, tip or volume etc? Just wondered if we may get another. Regards and any info appreciated as alwaysM||juuunx2|
|Amazed this is being sold off after the farm in, is it still concerns over the GSA or something else?||pj 1|
|Well Dan, I repeatedly stated that all our musings account to nothing but a hill of beans in that the only thing that would matter and the only thing that would give us an absolutely, cast-iron picture of the 'deal's' success or not will be the share price 7% down. The rampers can spin it whatever way they like but the share price never lies. I'd like to see the share price go up for the sake of a few honest posters here and on LSE and maybe it will rise but for the life of me I simply cannot see light at the end of the tunnel. That's why I sold my remaining shares on Monday 23rd November 2015. (And before some supersensitive scallywag says it, I'm posting here because I choose to, and my views were sought.)||kevjones2|
|Of all people I expected you to know better. A. The market does not agree. B. The share price is down 7% since the deal was announced C. The market has not been wrong on Aminex very often at all D. Do not blame the overall o&g market. The Gas price Aminex will achieve if it ever gets there will be largely unchanged E. Market is pricing in a management discount here now as well F. Share price is down 7% since deal G. SHARE PRICE IS DOWN 7% SINCE DEAL H. Stop dreaming for crying out loud. The story has NOT improved immeasurably. Where is skinwalker or Kevjones. They're the only ones who don't have their head stuck in the sand||dan_the_epic|
|It's not looking great, Dan, but it's not a sell just yet. The story has improved immeasurably - if we ignore your spin (but keep it up). I have got rather a lot, and in profit to boot, so plenty of wriggle room...very good risk/reward. M||marnewton|
|Well said Bun||edgar222|
|Rule of life, Bun. Nothing is done until cash is in bank. I expect that Bowleven will be expecting a GSA before the effective date, not least because Jay was so certain that it will be before the new year. I fully expect the dates for this deal to slide by at least a month, or until GSA confirmed. After all, Kiliwani is the BIGGEST MONETARY PART of the deal. And Marnewton. Why are you still invested here? You're a chart man and this chart is now diabolical. Looking for a downward breakdown.||dan_the_epic|
|Agreed Bun;¬) M||marnewton|
|Given that the guy has just delivered a 24 million dollar farmout in this market you guys are pretty harsh to be harping on about how the bloke is rubbish. I'm sure the timing is largely out if his hands but the farmout out deal takes all the heat off. So what if it takes a few more weeks or months.||bunbooster2|
|Just 24 days to Christmas and I bet the ole Tanzanian ministers are rushing to get this GSA signed!!!! Jay lives on cloud cuckoo land. Lets have a song Christmas Time, no GSA just wine, Jay swigging delicious brine, With gas in the ground, and pipelines empty, A time for despair and sadness, I see.||dan_the_epic|
|Yes, as somewhere I had seen or heard reference to a "Circular" that pretty much indicated an EGM. And so far as work programme is concerned, the RNS says "The Company will announce an updated work programme once (the Bowleven transactions are) concluded" However, how seriously we should treat such a programme is a different matter bearing in mind their current level of credibility.||warbaby43|
|yes Peter, i'm inclined to agree.||blackgold00|
|Hi BG, ngms Thanks for pointing out that quote, ngms is correct, and I was mistaken, an EGM would apparently be required. However, I think the clue is in the phrase "The Bowleven Agreement will have an effective date of 1 January 2016" The meaning of that is, I would assume, is that if/when the deal goes ahead it will be assumed to have completed on 1/1/16, regardless of when final completion occurred (before or after that date). I wouldn't interpret it as meaning everything has to be complete by that date. Peter||greyingsurfer|
|Don't we need to be given at least 21 days written notice of an extraordinary general meeting? hmm, Christmas Day on Songo Songo Island, i'll ask the wife. "The combined transaction is conditional upon, amongst other things, the execution of formal agreements with Bowleven and Solo, and Aminex shareholder approval. The Bowleven Agreement will have an effective date of 1 January 2016" so if you are correct ngms re the EGM and the effective date is January 2016, we should be getting notice of the EGM date soon with details of the Agreement. and maybe even the (updated work programme) to accompany it. "Aminex will remain the operator of all its assets in Tanzania following close of the transaction and is in discussions with Solo and Bowleven to accelerate the work programme at Ruvuma. The Company will announce an updated work programme once concluded"||blackgold00|
|Yes requires an EGM, I suspect this will be Christmas Day on Songo Songo Island||ngms27|
|Does the AEX shareholder approval mean an EGM I wouldn't think an EGM is needed for a farm out. Peter||greyingsurfer|
|The December oil stock challenge is on. Deadline for entries is midnight tonight...
|"The combined transaction is conditional upon, amongst other things, the execution of formal agreements with Bowleven and Solo, and Aminex shareholder approval. The Bowleven Agreement will have an effective date of 1 January 2016." Does the AEX shareholder approval mean an EGM, if so, the time frame is very tight bearing in mind Christmas, with the Circular (and accompanying nasties no doubt) needing to be "imminent"||warbaby43|