Aminex Share Discussion Threads

[jamiedodge] 19/1/2017 10:22

Aminex and baggers in the one sentence. I never thought I would see the day. Oh well back to the meds.

[blackgold00] 19/1/2017 09:47

ah right, then maybe, like you have been saying its stop and go with the possesing plant

[ngms27] 19/1/2017 09:36

It's in this RNS:

[impvesta] 19/1/2017 09:32

"stepone6819 Jan '17 - 09:21 - 59305 of 59306 1 0
I always thought that if you buy something for £1 and sell for £10, it's a ten-bagger. By that logic, edgar was correct to claim 3-bagger status."

Correct stepone. Evidently some Aminex holders are a little rusty on how to calculate baggers!!

[blackgold00] 19/1/2017 09:27

ngms, "Then consider we were told in RNS that the Gas Processing Plant requires a throughput of 23mmscfpd to be operational. How does AEX's 15mmscfpd fit in with that."

i'm not 100% sure but i don't think that statement came from an AEX RNS, I think it came from an NR interview or even via twitter from LG

[stepone68] 19/1/2017 09:21

I always thought that if you buy something for £1 and sell for £10, it's a ten-bagger. By that logic, edgar was correct to claim 3-bagger status.

[stinkypeet] 19/1/2017 08:44

edgar that may be true now but back in Septemebr on a relative value basis Solo looked "cheaper" than AEX - I bought into Solo at the end of September since when Solo have increased by 100% and AEX by 30%..... I now belive the relaticve value pendulum has swung back in AEX favour so I have now top sliced my Solo shares and increased my AEX holding.

[ngms27] 19/1/2017 08:39

edgar222, do we know what the current production is? do we know that they are being paid?

The answer to all these is NO. Simply because until the commercial agreement re flow rate is sanctioned the payment guarantees and take or pay doesn't come into force.

This was meant to have happened 6 months ago, why the delay?

Then consider we were told in RNS that the Gas Processing Plant requires a throughput of 23mmscfpd to be operational. How does AEX's 15mmscfpd fit in with that.

So in my opinion forget the income, it's all about NT-2 and then NT-3 for potential short term upside.

[edgar222] 19/1/2017 08:30

I wish our partners Solo well and I hope their shareholders make a lot of money but I don't get how anyone analysing Tanzania thinks it is better to be in Solo than Aminex.

Totally accept you might be in Solo for other reasons (Horse Hill, say).

But if you want to play Tanzania (and Ritson says it is the main event) then its Amnex surely. Operatorship, huge licence, relationship with govt and authorities, decision-making. Oh yes, and that large income stream from KN1.

[lfdkmp] 19/1/2017 07:52

Isn't it strange how some people hang around (59297 and 59299), even when they have sold their AEX holding (twice) and placed the proceeds in a much more attractive receptacle called SOLO.

Must be something to do with empty bags, or some would say uncharitably: "disreputable bags".

[edgar222] 19/1/2017 07:50

LFDKMP

If you look back a week I was admitting Maths wasn't my thing.

Though .9 times 3 is 2.7 to be fair.

Maybe its the silly bagging language.

Ahh well.

[temmujin] 19/1/2017 07:44

2 BAGGER at 2.7p

[lfdkmp] 19/1/2017 07:40

Can someone help a confused old bag man.

"My lowest purchase was at 0.9p and if you got in there its a 3 bagger.."

That's when the share price is 2.7p.

Presumably then 1.8p would have been a 2 bagger. By that reckoning, buying at 0.9p and selling at 0.9p should be a one bagger?

Sounds like a get rich quick scheme to me!

[temmujin] 18/1/2017 22:17

i sold half my solo today but will buy back if it dips tomoro

[edgar222] 18/1/2017 22:04

Obvious profit taking. My lowest purchase was at 0.9p and if you got in there its a 3 bagger (shame my average is not quite as low!)

To be expected.

[skinwalker] 18/1/2017 21:45

profit-taking? What on earth is that?

[greyingsurfer] 18/1/2017 15:45

Profit taking no surprise. Up significantly recently. Plenty of profit on the table for many, and no drilling program has known outcome in advance.

[ngms27] 18/1/2017 15:37

Far too early for the target reservoirs to have been penetrated IMHO

[slepy] 18/1/2017 15:37

I think a straight 3 day rise was a first one for shareholders. Punters jumping ship now because they got their 2%.

[stepone68] 18/1/2017 15:35

Could be profit-taking - a first for Aminex shareholders.

[mick] 18/1/2017 15:03

I don't like the heavy selling that's developed this afternoon - I wonder what's behind it.

[888icb] 18/1/2017 12:23

Buys outnumbering Sells 2:1 but the share price is slightly down on the day.

[stinkypeet] 18/1/2017 10:27

QED a proportionate rise in share price using yoyr logic would now "value" Solo at 0.42p not 0.62....

[stinkypeet] 18/1/2017 10:25

Paul the octopus - you have neglected to include the fact that there are twice as many shares in Solo as in AEX - a similar proportionate rise ine share price has double the effect on the market cap.... a 40 point rise in Solo equates to an additional circa £28m rise in mc a 1.2p rise in share price causes a circa £42m in mc -

[greyingsurfer] 18/1/2017 10:18

I'd not expect another progress RNS, they were pretty much forced into the last fairly pointless one by Ritsons chatter. However, there will almost certainly be something around TD, and before detailed analysis of the data. Unless, of course, something unexpected happens before.Peter