Aminex Share Discussion Threads

[ngms27] 29/1/2015 15:26

It looks like it was all blarney

[thecynical1] 29/1/2015 14:11

warbaby.....are you implying that tales were being told? : )

[pj 1] 29/1/2015 11:31

wb not far away at all!

[warbaby43] 29/1/2015 10:30

"lIKE El1te being told face to face of major interest in the farm out and of due diligence for the sale of US Assets"

"I was told in no uncertain terms that the process was being extended due to excess interest."

Told by whom, not by Brian Hall himself, surely?

[ngms27] 29/1/2015 10:09

They might not even mention a GSA in the next results.
The potential loss of Nytora is looming all too large at the moment.

[pj 1] 29/1/2015 09:45

I think we have all learned from AEX.

lIKE El1te being told face to face of major interest in the farm out and of due diligence for the sale of US Assets, which actually resulted in, well tbh, our seismic was not good enough, and US is such a liability due to non maintenaince that we had to give them away for peanuts, so too hard to swallow.

Results end April, I hope its not too long a wait for holders, surely the Co dare not put out yet another ''A Gas Sales Agreement ("GSA") with the Tanzania Petroleum Development Corporation ("TPDC") is in final form and pending sign-off from the board of TPDC.'' or is it with the Tanz. authorities? Ive lost track!

[last throw] 29/1/2015 09:22

Elite

I would have thought that you, of all people, would know that Aminex is not AIM!

Anyhow, as always, good to read your views.

LT

[el1te] 29/1/2015 08:59

Thanks Gerry; although not sure it's what Aminex shareholders want to hear! Whilst the company specific points aren't relevant here, the idea to profit-take on a spike that you note is very important I have found, as almost all spikes in resource stocks on AIM retrace.

Back to Aminex, I keep track partly down to having followed it for so long (and incorrectly) previously, and partly as a reminder of lessons learnt that won't be forgotten. For example, the most important lesson learnt from Aminex (back end of 2013) is for me to always form a fairly concrete view on a company using solely the figures (and narrative that suggests the figures are not a fair reflection), before reading company outlook narrative or contacting management. After all, during the farmout process, I was told in no uncertain terms that the process was being extended due to excess interest. Obviously that could be argued to be true very tenuously, but in reality it was probably far from the truth!

It will be interesting to see what materialises through the rest of Q1 here as it's pretty pivotal.

All the best,
El1te

[thecynical1] 29/1/2015 08:53

I have never seen him/her post on here before........

[thecynical1] 29/1/2015 08:45

afren still getting bashed....

[skinwalker] 29/1/2015 08:44

Hi Gerry
Yes, I'm pleased with its progress. Hoping it will be as successful as IP Group has been. Just about made up for losses on the Tanzanian Dog!

[thecynical1] 29/1/2015 08:42

makday is a bit tetchy! : )

[gerryjames] 29/1/2015 08:34

Good morning Skin. Your Allied Mind doing very nicely thus far I see. Well done yourself thus far.

[skinwalker] 29/1/2015 08:26

Elite
Well done!
Morning Gerry!

[warbaby43] 29/1/2015 07:54

Like the Canyon transaction, what price an extension now of the KN-1 Solo option deadline?

[edgar222] 29/1/2015 07:29

He is not everyone's cup of tea, though I enjoy listening to him, and this is a bit of a ramble:




Two points he makes.

He is asked where to put your money now in this bombed out market. Where is the value. He says, anyone with near-term oil and gas production.

He also says that companies below $250m mcap are only on the register of 2% of fund managers and banks. Confirming Jay's comments earlier.

[ngms27] 28/1/2015 17:19

makday, that's your choice, I was right a few weeks ago that they faced a funding crisis due to the debts but most laughed in my face.

I was barred from the Afren board ages ago for making points about the debts they were taking on.

I hope you don't lose too much on AFR from here.

[warbaby43] 28/1/2015 16:54

Given the Solo transaction, would seem reasonable to expect an Update in the next few days. Hopefully not all bad news and something of a parson's egg at least.

Can't help wondering if we might learn, or at least get a hint of, what Big Phil's been up to for the last eighteen months, unless, of course, it's all unravelled as a result of the price dive and consequent funders' funk.

[makday] 28/1/2015 16:34

Your opinion counts for nothing! End of!

[ngms27] 28/1/2015 16:30

AFR equity is as dead as a dodo. You are deluded to even consider otherwise.
All IMHO of course.

Essentially best case looks like Bond Holders get the equity at massive dilution to existing holders.

[makday] 28/1/2015 16:23

Listen ARFEN is not dead in the water....you stupid fools might get a big surprise...just concentrate on your worthless stock!!! FOOLS!

[jacks13] 28/1/2015 15:13

Are we due any news this month? There was an Operational Update January last year.