Aminex Share Discussion Threads

[jacks13] 20/6/2016 11:58

Hear, hear. Well said that man!
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Or is it here, here....oh dear :-(

[bunbooster2] 20/6/2016 10:34

Can I please remind everyone about the importance of correct grammar on this forum.

We've already seen the confusion around credits and debits. Let's not have another incident.

Many investors trust this forum as a source of valuable information and I, as a trusted leader/elder statesman of the community, would hate to see us discredited.

[tmmalik] 20/6/2016 08:33

First payment coming end of this week.

[ngms27] 20/6/2016 07:44

The Ritson comment is going to be a Fertiliser plant, which incidentally is why Bowleven wanted in with there partner Ferrostal.

i.e. Prove the Gas and a Fertiliser plant would be built next door.

[warbaby43] 20/6/2016 07:29

Nowt to get excited about - Bagamoyo is on the coast up north of Dar and this is a v small specialist refinery:

hxxp://www.dailynews.co.tz/index.php/business/50819-oil-refinery-at-bagamoyo-set-to-employ-200-tanzanians

[edgar222] 19/6/2016 01:50

Except, Blackgold, we now have confirmed hints from the Board and from Solo that they are looking at sales direct to customers not involving the pipeline and TPDC. Hence the Ritson "creating the market" comments recently.

[ngms27] 17/6/2016 08:13

It's the cheapest way to obtain cash flow from a resource but longer term greater cashflow is required for full development than would be the case and resource that can be extracted is also reduced.

i.e. it's the way to go is you are skint, but not the ideal way to go over the full lifetime of the resource

[edgar222] 16/6/2016 19:05

"What is an early production system?"


It is a late production system designed by accountants.

[qackers] 16/6/2016 17:46

blackgold filtered for off topic posts (lol)

[kevjones2] 16/6/2016 15:22

Post deleted as it wasn't funny.

[bunbooster2] 16/6/2016 13:45

What is an early production system?

[blackgold00] 16/6/2016 13:04

an Early Production System and licence extensions etc. will calm those waters, reducing the risk and highlighting the rewards, should make funding more attainable.

[ngms27] 16/6/2016 12:57

Unfortunately the stepping stone to get to drill N2 is in the middle of the grand rapids, hence the problem.

[blackgold00] 16/6/2016 11:28

The way i see it, IF Aminex gets the changes or extensions for its Ruvuma licences, and IF they along with the TPDC can come to some sort of an agreement or understanding for a (Early Production System), that is for the Ntorya-1 and the Ntorya-2 well.

Then initially, they only really need to finance just one well, the N-2 well and then IF successful, and with that early production system on the horizon along with the promise of the future increase to revenue and the asset base, then, i would had thought Aminex would be in a much stronger position to then raise the funds needed to drill Ntorya-3 which would have become by then a very exiting 1 TCF prospect. Still some IF's but i don't think they are big if's.

Its a bit like stepping stones, if they can get to drill N-2 then that could put them in a very different place than where they are today.

[bunbooster2] 16/6/2016 10:23

What are tan assets? Safari suits and the like? Does that go under property, plant and equipment?

In fairness, Neil Ritson must have a few tan assets on the solo books.

[bunbooster2] 16/6/2016 10:21

I'm sorry but if you are paying out cash then your asset (the money) is going down so you would credit the balance sheet. Debit an asset or expense when it goes up, credit when it goes down.

Lots of misunderstanding here!

[dunderheed] 16/6/2016 10:17

FFS no it wouldn't - you Debit Asset Credit bank account!!
You can split your assets between Intan and Tan, of course.
LOL

[vike1] 16/6/2016 09:44

Not to get mixed up in accounting terminology, but the debit would be the cash paid out for the asset. The credit would be the asset (in this case, goodwill) coming onto the balance sheet.

In general, best to scrutinise companies with a high %age of assets held as goodwill as their not 'real' and are often a sign of acquisition-led growth.

Off-topic, apologies, I'll stop now.

[dunderheed] 16/6/2016 09:31

whilst we are all coaching here I think you mean debited to balance sheet?!

[vike1] 16/6/2016 09:12

By intangible, it means the asset is not physical, but a value must be credited somewhere on the Balance Sheet. E.g. when a company buys another for a price higher than its book value, the difference is accounted for as goodwill. This might be done when an acquisition includes management expertise, some brands, etc. This can be then written down over time, but how it is done depends on the company's internal accounting policies (usually found in the financial statement notes).

[bunbooster2] 16/6/2016 09:00

How could an asset be intangible? Surely that would have no value.

[vike1] 16/6/2016 08:48

Dep and amortisation are similar, but in simple terms the former relates to tangible assets and the latter to intangible assets (typically goodwill).

Write downs and impairments can have difference accounting treatments as well, depending on whether the company reports in IFRS or US GAAP.

[gerryjames] 16/6/2016 07:54

Yes someone ticked your explaining the difference. Meanwhile they've been chipping away at the share price while waiting on financial clarification. Which should be soon.