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AEX Aminex Plc

0.85
-0.05 (-5.56%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aminex Plc LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -5.56% 0.85 0.80 0.90 0.90 0.85 0.90 3,674,301 09:46:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 64k -4.06M -0.0010 -8.50 35.79M
Aminex Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AEX. The last closing price for Aminex was 0.90p. Over the last year, Aminex shares have traded in a share price range of 0.575p to 1.425p.

Aminex currently has 4,211,167,024 shares in issue. The market capitalisation of Aminex is £35.79 million. Aminex has a price to earnings ratio (PE ratio) of -8.50.

Aminex Share Discussion Threads

Showing 54326 to 54349 of 81825 messages
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DateSubjectAuthorDiscuss
21/5/2015
11:05
warbaby I wish I come from Tanzania and had more knowledge but no I born in Maharanshtra district, which you know more as Mumbai India
I have taken profits on most accounts and longs so am now in for nothing. I think it is very most importants to remember most firms go bust or bankrupt not because of profits or losses but because they run outs of cash. AEX is running out of cash.it is silly to talks of drills and thnings like that until finance is known

dontsweatit
21/5/2015
10:56
that realy cracked me up thanks thecynical :)
blackgold00
21/5/2015
10:54
skinwalker.....maybe he "read the market" and figured out that some of us can actually read...... : )

or maybe he is just unhappy about the 7 ( as of now ) likes that a certain post got! : )

thecynical1
21/5/2015
10:53
blackgold........are you aware of the irony?. CPR?

First aid Cardiopulmonary resuscitation (CPR)!!! LOL! Hilarious! : )

thecynical1
21/5/2015
10:31
CPR might help, verifying the new seismic results, (prospects)
blackgold00
21/5/2015
10:28
Well no one did previously so why would they now?
ngms27
21/5/2015
10:00
that Ntorya-2 Appraisal Well looks rather compelling (Total Pmean GIIP: 1.5 TCF)(250 m gross reservoir interval) and all with a route to market. Surely someone will want a piece of that action
blackgold00
21/5/2015
09:55
I wonder where Hamishmcplonker has got to?
skinwalker
21/5/2015
09:24
So imminent was not really the case but more hopefully soon but unsure when but possibly June/ July. Why cant the BoD actually come out with this rather than fudge the issue and watch the share price rise on false dawns.

Clearly because the timing is out of their hands.

The only real known is that Tanzania wants gas urgently, the infrastructure looks like being ready in the next couple of months and that at that point the GSA either has to be sorted or the gas doesn't flow. I can't see any government in Tanzania wanting to put themselves in that position. Clearly there are benefits for AEX in getting is sorted before that, but they are not the ones in control here - it's when the pressure on the Tanzanian authorities builds that I'd expect to see movement. And I can't see that being far away - possibly even imminent :-)

Peter

greyingsurfer
21/5/2015
08:51
The fundamental point that the optimists are missing and the company avoid pointing out is that the gas is in the ground and it will be there when the TPDC need it. Aminex are largely an irrelevance, Solo or any combination of agencies could step into their shoes.
jacks13
21/5/2015
08:32
A placing straight after good news is the norm of late on AIM irrespective of future income. Seen quite a few times recent RNS stating the one off opportunity to raise funds after good news has been published. I am getting nervous this may be the case here. Holding...just
larsson 2
21/5/2015
08:26
I also suspect there is little appetite among existing private shareholders but they are in an awful position imo for renegotiating the facility..........lesser of two evils may be a placing....but jmo.
thecynical1
21/5/2015
08:18
cynical, in the fund raising in February last year they were able to get 800m shares away in the Placing and just the 67m out of a total of 205m in the Open Offer, all priced at 1p. There was another 78m shares issued to creditors in lieu of debt and a further 80m for the Canyon acquisition. There was little appetite among shareholders then and there is little now I suspect so it would again be down to a Placing. The last time the twins were able to load up and maintain or enhance their share of ownership, this time they may not, so that my act to deter them and who knows how enthusiastic the institutions would be? Between their very good friends the TPDC and Argo they are being crucified.
jacks13
21/5/2015
07:59
jacks....loan extension at what price? They might actually be better off to get the pain out of the way and go for a placing instead of getting screwed AGAIN......the financiers definitely have them by the short and curlies so the extension could be at particularly unfavourable terms imo. What do people expect from an extension of the facility? Painful? Very painful? absolutely dreadful.....admittedly, it can hardly get much worse than the percentage they are paying at the moment.......
thecynical1
21/5/2015
07:58
So imminent was not really the case but more hopefully soon but unsure when but possibly June/ July. Why cant the BoD actually come out with this rather than fudge the issue and watch the share price rise on false dawns.
The present issue now is sell now and wait for share price to drip down awaiting refinance news and buy back in or hold on the unexpected delivery of the GSA???

larsson 2
21/5/2015
07:45
I imagine that the negotiations on the delivery of a loan extension are more advanced than those on that of the GSA. Expect a loan extension to be here by late June. The GSA sometime in the Autumn...maybe.
jacks13
21/5/2015
07:45
True, greyingsurfer, that is the alternative reading though it could just be a conservative estimate allowing for ramp up and some down time allowing for inevitable glitches in pipeline and processing plant. This is Tanzania after all and I will be amazed as well as highly delighted if Kiliwani runs at anywhere near an average of 20mmcfd from July to year end - always assuming that is that production does start in or near July.

Hold on tight, always an interesting and exciting ride with Aminex.

warbaby43
21/5/2015
07:43
Well whatever Tanzania makes of itself in the future is obviously open to discussion but for now, at this point in time you can't short the price (stock borrowing restrictions). The market reacting as it always does expecting the price to fall back towards 1.7 resistance as time nears the debt restructuring outcome, without a contract.
gerryjames
20/5/2015
21:06
Looking at the graph on p7 prompts the question, is the forecast of c8mmcf/d for 2015 the rate at which they expect to be producing in H2.

Those figures are stated as daily annual average - so the 8mmcfd is presumably the average for the year - reduced by about 60% from the expectation for 2016-2019 to account for production starting around mid year and ramping up. If they achieve that they will need to start production close to the half year and ramp up fairly smartly. Hopefully their predictions are well based!

Peter

greyingsurfer
20/5/2015
20:01
Looking at the graph on p7 prompts the question, is the forecast of c8mmcf/d for 2015 the rate at which they expect to be producing in H2. If so, we must hope that Argo are going to be willing to extend for rather more than just six months given the comparatively minimal amount of cash 8 mmcf/d is going to produce.

The other implication is that there must be an additional source of financing on the stocks given their timing for Ntorya-2, although, I am taking their back end of H2 with a very large pinch of salt.

Speaking of cash, though, does beg the question of just what they are currently using to settle their bills as they must be very close to running on fresh air by now.

warbaby43
20/5/2015
19:25
I think a farmout out is the way to go. Just wish they were a bit more open about discussing this. Then again, it's probably strategic. They want to get the key asset messages out there + GSA signed to build excitement before talking about mundane things such as financing.

With no announcements imminent, expect the share price to creep back south a bit. Next up is Philip Thomson's presentation to the Africa Conference next weeI. Shame we don't have GSA for that to attract inst. interest.

vike1
20/5/2015
18:59
I'd agree that another placing is likely in 2015 unless some kind of farmout happens. For me that is fine (although I am wasting my breath because Brian Hall has never once consulted me. Stuard Detmer used to be on the phone to me every week but this other lot...)
bunbooster2
20/5/2015
18:30
student......be careful... : ) haggis thinks he can read the market and the rest of us well........."barely able to resd" is the phrase I think he used......... LOL!
thecynical1
20/5/2015
18:29
The only placing we need right now is Stupidinvestor placed in an asylum for his and our safety. He's living in cloud cuckoo land so he's already halfway there!
haggismchaggis
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