Aminex Share Discussion Threads

[lfdkmp] 12/11/2015 15:50

Easy ngms, you'll be getting a reputation for ramping.

[ngms27] 12/11/2015 15:45

I'm going for tomorrow to be the big day. It is after all Friday the 13th

[blackgold00] 12/11/2015 15:24

yes, its still only imminent

[lfdkmp] 12/11/2015 15:22

Is anyone optimistic that the GSA will be signed soon, or is it still just imminent?

[blackgold00] 12/11/2015 15:04

what gave you that idea skin?

[skinwalker] 12/11/2015 13:56

Dan
do I take it you're not optimistic about Aminex?

[gerryjames] 12/11/2015 12:22

Blue to-day! Another tick up and we're in the top 30, riviting stuff. In troubled waters you can rely on a FTSE stalwart like Aminex to weather the storm, unlike Glencore.

[ngms27] 12/11/2015 10:03

Wake me up when AEX have raised capital please.

[thecynical1] 12/11/2015 09:37

do you really think that if someone were to pull a fast one on these guys that anyone would actually care.......if they tried it with Shell....ok........then it would cause waves......but even the size of the oil company is not really important....look at the fun and games that Tullow have been involved in......and they are a giant compared to AEX.........and if they were to go to arbotration, when would they have a result......? right....years later....and in the meantime, the board would continue to take their fees and pension contributions while the company basically died off........jmo.

[bunbooster2] 12/11/2015 09:12

theunluckyone - it's not about the world court. It's about investment decisions by business. If Tanzania rips off Aminex I personally would not invest there again (and I am a major player) and I imagine companies spending billions wouldn't either. Too risky.

[gerryjames] 12/11/2015 08:53

You should write a letter Bun and N27 did Mr, Eng mention anything of the missing 40 grand I trusted him to invest wisely. I don't see a case for suing before any contracts are breeched. They have been assured of nothing, probably. And were really there for oil.
Also feeling a bit behind here, what's the hold up about, is it still the financial payment mechanism.

[theunluckyone] 12/11/2015 08:50

Trouble is Indonesia did just this very thing to Churchill Mining and because of the weakness of the World Court,to where the case was referred,the Indonesians continue to get away with it despite on the face of it having not a "leg to stand on" legally speaking !!!

[blackgold00] 12/11/2015 08:32

yes agree Bun, but it is over a hundred million

[warbaby43] 12/11/2015 07:49

They do indeed, c31161, the government and people of Tanzania do have gas while Aminex have licences to extract that gas conditional on certain obligations being fulfilled.

At present, it's not just the GSA that's anxiously awaited but news on the state of play of negotiations over the Ntorya Appraisal Licence extension and the explo drills on the larger Ruvuma PSA.

[c31161] 11/11/2015 18:13

But you can't get away from they fact they do have the gas

[clunes100] 11/11/2015 13:37

It is surely in the government's interest for security of supply and competition that they should have at least two suppliers in to the pipeline, so unless something is holding up the GSA about which we have not been informed, ergo the GSA should be signed asap?!

[skinwalker] 11/11/2015 13:33

Not looking good here guys :-(

[greyingsurfer] 11/11/2015 12:12

Hi ngms

In my opinion there is no demand currently for the AEX gas, Wentworth will be providing all that's required well into 2016 hence the reason for no GSA yet.

Well, while I don't agree with that analysis in full, I do agree that as long as the need for KN-1 gas is not immediate there may be little pressure on the other side to sign the GSA.

I am however, not convinced that there will not be need for the KN-1 gas this year, though it's possible that there won't be. But what is very clear is that Tanz gas demand is ramping up quickly, and there's a vast economic imperative to get as much gas power generation (and other industrial uses) online ASAP. TPDC and the government would be foolish to see AEX fall apart (with resultant impact on getting KN-1 gas, and next year or soon after, Ntorya gas flowing) for want of a signature on a GSA. You will argue that those would come on stream anyway, as they would, but there would almost certainly be delays involved, which as far as I can see it the last thing TPDC etc will be wanting in the next 18 months.

Peter

[larsson 2] 11/11/2015 12:04

I think its more : can Sunderland stay up and benefit from the huge television rights next season or AEX obtaining the GSA finally and reaping the rewards!!