Aminex Investors - AEX

Aminex Investors - AEX

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Aminex Plc AEX London Ordinary Share IE0003073255 ORD EUR0.001
  Price Change Price Change % Stock Price Last Trade
-0.025 -4.76% 0.50 11:06:41
Open Price Low Price High Price Close Price Previous Close
0.525 0.475 0.525 0.525
more quote information »
Industry Sector

Top Investor Posts

malc5: It’s a new dawn for investors in Tanzania - The Citizen hxxps://
rangenoresources: I will be here to highlight charlatans like you who give false hope to wannabe investors.Do you really believe this will 10 bag?Or are you balls deep with an average so high you hope others buy so you can bail out with some of your money back?
rangenoresources: My bet is mid to late Jan they will do a placing. loads of companies do this now on AIM instead of salaries for directorsNice work if you can suck a few investors in and then sell shares for a profitClassic pump and dump tactics
rangenoresources: Off topic but some maybe interested. Please ignore if of no interest Another market newcomer very much on the front foot was Helium One (HE1) where it has been apparent from the get go that this is a company attracting professional investors, as much as the usually fast money £500 punters. Here the story was the way that the stock of the Helium play managed to get gushing coverage in The Mail regarding the company's Rukwa project which covers 3,590 square kilometres in south western Tanzania, and consequently is the largest known primary helium resource in the world. Perhaps more to the point in terms of the share price, £6m was raised in an oversubscribed placing at 2.85p and the stock has surged from this zone. It closed up 51% at 7p, with the suggestion being that those who missed out on the oversubscribed placing last month were scrambling to join the Helium One "bubble" for fear of missing out. One trader reported that some in the market were targeting a near term share price of "30p – 50p" – although the timeframe was not made clear.
rangenoresources: Of course they are.MM's love investors with this mindset
stonefold: Clearly having the newest most accurate and reliable 3D seismic data to look at before spending money on drilling the Chikumbi-1 well is sound pragmatic thinking. It is the way a business should be run it increases the probability of a safe, successful and profitable well. The SCIR RNS had better detail. The ball is in ARA Petroleum Tanzania's hands now, they are a private company so will quietly get on with job. Similarly quiet investors will buy in to both AEX and SCIR.
rangenoresources: Great post from someone who knows what they are talking about.Leonard Hyman posted this yesterday "Persisting gridlock in Congress will not stop an incoming Biden administration from resurrecting environmental measures abandoned under President Trump or automobile efficiency standards similarly ignored. Neither is good news for oil and gas investors. And restoring the Obama administration's clean air proposals would further hasten the decline of the domestic coal industry.And another thing. The US economy, despite the euphoria demonstrated by the stock market, remains badly in need of another economic boost from the Federal government. And now with the prospect of a Democrat at the helm, we assume the Republicans will return to form as advocates of fiscal rectitude and governmental budgetary restraint. We expect Republicans in Congress will now appear loath to pass legislation that will enlarge the deficit. As a result near term US economic activity will likely be more restrained without economic assistance from the federal government, This also means overall lower demand for energy and, for no small number of consumers, less ability to pay energy bills. This is not a positive outlook thus far for energy investors.
rangenoresources: 15% down nowCan we call it dropping like a stone or mug investors having their pants pulled down and their investment down the pan?It's so obvious that this is being orchestrated by a few who want to suck in investors so they can sell and make a profit and leave investors with losses
malc5: REFORMS initiated by President John Magufuli in the mining sector have earned Tanzania 528bn/- in 2019/20, up from 168bn/- in 201 The great strides made in the mining sector are attributed to workable measures initiated by President Magufuli in managing the sector by enacting new laws that favour the country and its people, control production and mineral sales. The measures include the enactment of the new Mining Law, 2017, amending some laws and establishing 31 big mineral trading hubs and 39 small ones at district level and the construction of a 24-km Mirerani perimeter wall that was completed in 2018 by Tanzania People's Defence Force (TPDF). The new law and regulations, against what some pessimists were thinking, have increased the number of local and foreign investors in the extractive sector and now Tanzanians are not only spectators, labourers or onlookers of how minerals are exported, but owners of mines through Twiga Minerals Corporation. The government and Barick Gold Corporation co-own the company and hence Tanzanians are co-owners of Bulyanhulu, Buzwagi and North Mara mines, with the full mandate and positions in the management and board of directors, hence are able to oversee every decisions and activities regarding the rich natural resources of the country. Towards the end of last year, Barick Gold issued a statement to the effect that with the formation of Twiga, the government would acquire free shareholding of 16 per cent in each of the mines and would receive its half of the economic benefits from taxes, royalties, clearing fees and participation in all cash distributions made by the mines and Twiga. An annual mechanism would ensure the maintenance of a win-win situation. Chief Government Spokesperson, Dr Hassan Abbasi, enumerating the feats under the sector in Dar es Salaam yesterday noted that after the new law and regulations were enacted, new mining licences issued rose from 3,464 to 7,132 three years on, that being translated as a huge increase in the number of investors due to new investments. Dr Abbasi, who doubles as the Permanent Secretary in the Ministry of Information, Culture, Arts and Sports, said the achievements were due to the visionary leadership of President Magufuli and his stance on taking difficult decisions that had always been rewarding. "What happened after the measures taken and the new investment impetus? Did we succeed or not? We have gained handsomely and in the 2019/20 fiscal year set targets that we in the government were asking ourselves if we would manage to beat - a whopping 470bn/- but by June 30 we broke the record by collecting 528bn/- Numbers don't lie. The data is there for anyone to see," Dr Abbasi noted. Beneficiaries of the feats are both local and foreign miners, the government and all Tanzanians as the money earned is spent on the provision of social services in the country. Revenue increase is more than fourfold since President Magufuli assumed office. Records show that while in 2014/15 only 168bn/- was collected, there was a little increase in 2015/16 to 207bn/-. In 2016/17 a total of 213bn/- was collected, in 2017/18 a total of 301bn/- was collected, in 2018/19 a total of 346bn was collected before collecting 528bn/- in 2019/20. Dr Abbasi wondered why some Tanzanians were against all such measures that included the formation of the Mining Commission that had since discharged its duties well, with offices across the country to manage and control the production and sale of the precious stones. He termed such people as agents of darkness who would even refuse to recognise their shadow and did not like to see a better Tanzania for Tanzanians. Other measures that have benefitted artisanal miners include removing some taxes of about 23 per cent - such as five per cent withholding tax and 18 per cent of Value Added Tax (VAT) so that the money remains with miners for capacity building. Mineral trading hubs have led to the selling of minerals with transparency. Examples of feats in the area is that before Geita Gold Market was established, the government was collecting a mere 878m/- per annum, but after its introduction the government earned 2.6bn/- per year. In Chunya, the government gets 1.2bn/- per year, up from 94m/- before the hub was constructed and became operational.
pendragon2: haggis - if you own Aminex shares traded the London, they could have to be sold and investors must rebuy in Ireland, - spread, trading costs. A great many UK businesses have listings in markets where very little trading is carried out, places like Stuttgart or Vienna. Brokers therefore take advantage of that to pump up costs and basically buy in London themselves then sell on with a markup, making any kind of tradable positions impossible. This basically take EU investors out of the market for UK shares that have EU listings. Even larger companies fail to match price movements in the UK. If these shares can only be traded in such minor markets, this will shut EU investors out of the market for most UK shares that are traded on multiple exchanges, though not for stocks that only have a London listing. For companies where there is little interest, such as AIM stocks, the prices offered in these markets can be based on deals that were weeks old and the spread can be enormous, 30% is common. The people who raise capital when companies come to market often suggest multiple listings, to allow their overseas contacts to enhance the deal, which helps the managers. What happens after that is usually a ghostly presence and most smaller companies would be well advised to ditch those moribund market and save their listing fees. Whether the EU want a deal on finance is an open question, until such a deal has been agreed. If there isn't one, companies like Aminex face a technical sell off by European investors at the end of the year. Very stupid situation. My broker sends a list of several hundred companies some big, some small, who will be effected.
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