Aminex Share Discussion Threads

[kevjones2] 07/4/2016 15:51

You're welcome, LFDKMP. When I had hundreds of thousands of shares I called it honestly - good or bad. The problem now is that when things are good and a person calls it good they're being positive and honest. But when things are bad and they call it bad they are being a de-ramper, negative, even dishonest. Blind commitment to an investment clouds some peoples' judgement.

For example, if I had a friend who gave me incorrect important information that affected my life 3 or 4 times, I would no longer trust them. The current CEO of Aminex has given incorrect important information over 23 times in RNS, interviews and video clips. That his competence is even up for debate is ridiculous. The market's reaction to the usual 'transformational news' makes that painfully honest.

That said, the market should act positively AFTER the first cheque is received and more so after the second, and so on. After many, many years of under-achievement and now after 2 and a half years of incorrect statements Aminex needs to build trust with the markets. They may well do it under the current CEO simply by default but they would stand a better chance with a change of CEO. I think that's a fair comment.

[blackgold00] 07/4/2016 15:50

do I smell a placement in the air?

[lfdkmp] 07/4/2016 14:51

Thanks, KevJones for your usual balanced contribution.

[kevjones2] 07/4/2016 14:22

LFDKMP, yesterday you were looking for the likes of me to find something negative to say despite the fact that I hadn't made a serious post here in weeks. Now you're behaving very negatively when you ask:

"What does it need to get a consistent rise in the share price in these markets?

.........and please don't answer "a different share" :-)"

I would suggest "a different CEO". The market obviously does not trust the leadership and the reasons are mindnumbingly obvious to anyone who can look at the CEO's history dispassionately. It has been nothing short of atrocious. Even with money coming in (if it does) the share price will continue to not get a consistent rise until there are changes at the top. Mind you, I've only been saying that for over two years now. In Aminex time that's about a month.

[888icb] 07/4/2016 12:35

If the punters dont realise the significance of yesterday for AEX perhaps one of the big boys will. A bid would be nice to catch the punters out.

[tmmalik] 07/4/2016 11:30

It will back to 1.50 when solo will pay first payment

[skinwalker] 07/4/2016 10:32

Once a DOG, always a DOG

[lfdkmp] 07/4/2016 10:32

What does it need to get a consistent rise in the share price in these markets?

.........and please don't answer "a different share" :-)

[blackgold00] 07/4/2016 07:08

a few more penny's coming our way to help pay the interest of that nasty loan, nice to see NR is on the ball and paying up on time. hmm, not a bad deal for someone, 30% discount on yesterdays closing price.



Solo Oil plc today announces that it has raised GBP800,000 gross proceeds through the issue of 320,000,000 new ordinary shares of 0.01 pence each in the Company ("Placing Shares") at a price of 0.25 pence per share (the "Placing") in a Company sponsored placement.

The proceeds from the Placing will be deployed in the Company's active investments in Tanzania and will allow the Company to accelerate its ownership of the additional interest in the now producing Kiliwani North Field, in particular the acquisition of the Second Tranche payment as announced on 4 April 2016. This will take Solo's working interest in the Kiliwani North Development Licence to 8.425%.

Neil Ritson, Solo's Chairman, commented:

"With the Kiliwani North-1 well now flowing gas into the Songo Songo gas processing plant this is an ideal time for Solo to accelerate its ownership of the project and participate in the growth of revenues from gas sales. This is a very exciting time for the Company as we reach first material production and revenue

[edgar222] 06/4/2016 22:48

Nearly, Slepy. Sooooo close now.

[slepy] 06/4/2016 22:45

Is it chivas time yet edgar?

[blackgold00] 06/4/2016 18:06

The Oil Man: Petroceltic, Aminex, Northern Petroleum
By Malcolm Graham-Wood

[...] over at iii

Aminex
"Slowly but surely, the news from Aminex (AEX) gets better; shareholders have been getting restless, but today is a red letter day for the company.

First gas from Kiliwani North, which will ramp up to 25-30 million cubic feet per day within 100 days, will be sold to the Tanzania Petroleum Development Corporation at $3.07 per thousand cubic feet - and of course the company can now book reserves.

I am planning to meet with Jay in the next week or so and hope to add more flesh then but, in the meantime, things are looking up for Aminex."

[rich2006] 06/4/2016 16:50

Bunbooster
Can I remind you to stay on topic and a sense of humour is definitely not allowed;-)

[blackgold00] 06/4/2016 15:55

well skin, lets say I'm a lot more confident today, though i must admit alias ngms was sure getting to me yesterday, but you got to hold onto and go with what you know. so hopefully its onwards and upwards from here. : )

[skinwalker] 06/4/2016 15:02

Really Blackgold?
If only you're right!

[proactivest] 06/4/2016 13:36

Video interview with Jay



Jay Bhattacherjeree, chief executive of Aminex PLC (LON:AEX) says he is “excited to be part of the energy solution in Tanzania” after the firm announced first gas production from its Kiliwani North gas field in the country this morning.
First gas at Kiliwani North marks the transition of the company from developer to producer in Africa, and Bhattacherjeree tells Proactive “this is just the first step – we are going to keep expanding off of this and add to that energy mix”.
Production is expected to build up to a production rate of 25-30 million cubic feet per day (mmcfd), or around 4,000-5,000 barrels of oil equivalent per day gross, over the next three months.
“It’s the first step in continuous growth”, the chief executive says, adding that the company will “keep working hard to expand the production base”.

[warbaby43] 06/4/2016 13:36

Multi deep sea Nyuni TCFs maybe, but they are definite v long term but realistically isn't a bigger plus for Nyuni that not only a sizeable chunk of it is close to Songo Songo near shore with even a small chunk onshore but, from memory, it also had 141 km of Transition Zone seismic done in 2013?

Using the usual magic money, weren't there also "plans" to do a drill on Fanjove island back in 2014?

[qackers] 06/4/2016 13:15

Mr BunBooster2 I do hope this works out well for you and you get your sofa after all these years. Your terrific sense of humour has I am sure kept many folk sane.

Genuine lol

[blackgold00] 06/4/2016 13:12

ah that Bounty, I'm glad you made that clear bun, easy to confuse the two, thanks

[blackgold00] 06/4/2016 13:08

NO skin, its only just begun.

[bunbooster2] 06/4/2016 13:07

To clarify Bounty the explorer not the chocolate bar. Took me a while to cotton on to that so I want to make that clear for new investors.

[skinwalker] 06/4/2016 12:58

is that it then? The excitement over already?

[rich2006] 06/4/2016 11:56

Greyingsurfer
I agree but he stops us from being complacent.

[greyingsurfer] 06/4/2016 11:29

I do like to hear both sides tho so keeps my feet on the ground.

I agree, but sadly several of ngms's recent posts are not giving the "other side" or taking a glass half empty view, they are just factually wrong.

Peter