Aminex Share Discussion Threads

[edgar222] 15/6/2016 23:56

Big Sis

Don't know how new you are here but lets just say that Bunbooster has a very distinct sense of humour. I would not take it too seriously.

FWIW IMHO !

[skinwalker] 15/6/2016 22:54

Turnover and Profit are definitely not the same thing in my business Bun!
Does that mean its not well run?

[vike1] 15/6/2016 22:02

Op Profit = EBIT

[bunbooster2] 15/6/2016 21:53

Ok then what's operating profit?

[vike1] 15/6/2016 19:47

The $1m per month is free cash flow from operations. Ie, net of operating costs but not G&A expenses or other capital investments.

[bigsi2] 15/6/2016 17:34

Sincerely hope for your sake your just pretending to be a moron ;)

[bigsi2] 15/6/2016 17:23

Turnover is the net sales generated by a business, while profit is the residual earnings of a business after all expenses have been charged against net sales. Thus, turnover and profit are essentially the beginning and ending points of the income statement - the top-line revenues and the bottom-line results.

[bunbooster2] 15/6/2016 17:05

BigSi - Turnover and profit are just words for the same thing (how could they be anything else? Explain that one, oh dear you can't.)

It's a common misunderstanding that you might hear from laymen but it's not the way industry professionals use these terms.

[bigsi2] 15/6/2016 16:14

Majority of Broker notes & ratings are about as trustworthy & dependable as NRitson himself ie self serving & duplicitous or just downright incompetent & lazy Read their report from 2011 with share price at 1.08p

[stinkypeet] 15/6/2016 16:02

Well just to make 100% sure wht don't you take the time to read up on the Shore Broker report and then you will understand where and what the figure actually refers to...

[bigsi2] 15/6/2016 15:57

Also- profit & net profit two very different things even though they sound very similar don't they- Read up

[bigsi2] 15/6/2016 15:53

Bunbooster - that ranks as one of the most ignorant, idiotic & downright stupid comments I have ever read on a BB-and that's saying something Turnover/revenue & profit are very different things & the ratios vary greatly from company to company no matter how well or badly run. I suggest you googling the terms and read up before making such comments again & coming across as a complete tool

[stinkypeet] 15/6/2016 15:52

If you read it you will find the answer.

"Furthermore there will only be a profit of $9m in the first two years...".

It says "profit" that means "profit". If it had said "income" that would have meant "income".

Yes there is a big diffrence in "profit" and "income" - one is spelled P.R
.O.F.I.T. the other is spelled I.N.C.O.M.E.

I am very aware of the difference that is why I used the word "Profit" where I meant "Profit" and not the word "income" - which means "income".

I hope that is clear now? Or would you like me to explain the use and meaning of some more big words?

[bunbooster2] 15/6/2016 15:31

turnover and profit are the same in any well run business

[ngms27] 15/6/2016 13:31

There is a huuuuuuuuuuuuuuge difference between turnover and profit. There is no way on the planet that AEX will generate $9m per annum to spend on drilling and paying off loans. Just look at General and Admin expenses in the accounts.

Then look at how production falls off a cliff within 2 years, never mind the acreage claw back they will be subject to.

The Argo loan repayment must be North of $11m now awell so there goes the first years turnover down the swanny.

Without a farmout equity is all but worthless from here.

[bigsi2] 15/6/2016 11:46

Is that profit of £9m or revenue ?? Two very different things

[stinkypeet] 15/6/2016 11:13

No, edgar not if it costs $11m to drill a well and AEX plans on drilling N2 N3 and re-enter N1. The assumption that the loan required is only $20m assumes repayment of Argo loan and drilling nly one well. There is no suggestion that this will be the eventual commitment - AEX has always said it intends to drill two wells and re-enter N1.

Furthermore there will only be a profit of $9m in the first two years...

[warbaby43] 15/6/2016 11:01

edgar222, you wouldn't, perchance, be expecting them to drill four explo wells by December and hang on to 51% of KN-1, would you?

[edgar222] 15/6/2016 10:56

Stinky

KN1 will pay off the loan in 3 years at a profit of 9m pa.

[ngms27] 15/6/2016 10:53

AEX's income from KN-1 starts to fall off a cliff after 18 to 24 months using there own production profile.

Then what about running costs never mind required Capex, never mind paying Argo the $11m plus. There is no way they will get anyone to give them a loan on decent terms. That leaves several options:
Loan on outrageous terms including giving equity away
Very large placing / rights issue but at what price? 0.5p?
Farmout the acreage - Easily the best option
They do an Afren

The Afren option is the most likely unless they get clarity over the licenses very soon.

[seball] 15/6/2016 10:31

Solo flying. Expect AEX to move. News leak?

[seball] 15/6/2016 10:31

Solo flying. Expect AEX to move. News leak?

[stinkypeet] 15/6/2016 10:28

So edgar when you get a mortgage it is usually over a 25 year term - KN1 income will last 5 years at an ever decreasing rate. After all costs would there be enough left over to repay a $20m loan plus interest? Marginal I think. So I do not believe that KN1 income streams will, in themselves, support a $20m loan....

[warbaby43] 15/6/2016 10:17

What a pity, from the Tanzanian government's point of view, that the oil company with the most promising Mtwara onshore gas acreage, is too skint to be able to drill to prove up that gas.

Now, what might they be able to do about that?