Aminex Share Discussion Threads

[rangenoresources] 26/7/2021 17:27

You are all missing the fun over at HE1.Hope you don't miss out. Comeback to AMINEX later in the year or in 2022/2023

[haggismchaggis] 26/7/2021 06:50

That's an interesting law.Rockhopper fought back using a relatively obscure legal mechanism known as investor-state dispute settlement (ISDS), which allows companies to sue governments for introducing policies that could affect their future earnings. Reports suggest Rockhopper has spent $29m (£21m) on the offshore project to date and is claiming damages of $275m based on expected future profits from the oilfield.The company said it has been advised that it has "strong prospects of recovering very significant monetary damages" as a result of Italy's actions.Devised in the 1950s by a banker and the chief counsel for oil company Royal Dutch Shell, ISDS was designed to protect companies' investments in newly independent countries, where it was feared that governments might try to wrest back control of their natural resources. The concept gradually took hold and it is now written into thousands of investment treaties worldwide.Decades later, fossil fuel companies are using it to protect their assets, this time in the face of an oncoming wave of climate legislation.That is because ISDS is part of the energy charter treaty (ECT), meaning energy companies can sue any of the 53 signatory countries – including the UK – if they take action that could dent those companies' future earnings, such as banning the exploitation of coal, oil and gas reserves.The German energy company RWE, for instance, is suing the Netherlands for €1.4bn (£1.2bn) over its plans to phase out coal.https://www.theguardian.com/business/2021/jul/25/outrage-as-italy-faces-multimillion-pound-damages-to-uk-oil-firm

[rangenoresources] 22/7/2021 22:28

Thanks for the post Kingfisher14

[kingfisher14] 22/7/2021 22:11

Helium market to be over supplied in 2023 as new Russian and Qatar plants come on line

[kingfisher14] 22/7/2021 15:08

Does He1 have a development licence

[kingfisher14] 22/7/2021 13:24

Many majors are awaiting development Licences at the present time in Tanzania.The review to be completed by October

[rangenoresources] 21/7/2021 22:38

Mtwara Licence. Not AMINEX directly but affects them nevertheless.

[rich2006] 21/7/2021 21:58

R&r What licenses has AEX been refused an extension on. Don’t let the facts get in the way of a bad deramp.

[rangenoresources] 21/7/2021 21:49

If they have leverage why haven't AMINEX been paid and licences extended?

[whoppy] 20/7/2021 16:50

If Helium is found I guess the Tanzanian Government will make HE1 see it their way and try and force it off them somehow, Start asking for fees or refuse any permits etc.. That's why it pays to have a big partner on the ground with big investments in Tanzania, and a political influence that can have some leverage, like the Omani Zubairs.

[kingfisher14] 20/7/2021 16:42

I don’t think Aminex will get paid the money owed and think it will be written off in time.Changing a president does not change the legal process required and the time taken.The Tanzania government need the investment into the country so of cause they are going to make statements that support that.So He1 may not get a development agreement for years

[whoppy] 20/7/2021 16:26

HE1 wells funded by equity dilution. Shares in exchange for contractor fees. But not fully funded. If the first well is a dud you're all gonna get rinsed. Should have done an asset dilution rather than equity. At least it's less dilutive than the number of shares potentially issued.

[rangenoresources] 20/7/2021 16:25

Didn't the new Tanzania president say those sorts of practices were old Tanzania and she was going to be more business friendly?Strange how AMINEX haven't been sorted on monies owe or licence extensions.

[rangenoresources] 20/7/2021 16:24

Read the RNS and Twitter feed from HE1 CEO. It tells you what happened and they didn't try and hide the facts.This is my point with AMINEX. You don't know what unexpected costs will appear and they will.

[rangenoresources] 20/7/2021 16:22

Whoopy - have you seen how HE1 are paying contractors for works. Very smart if you ask me.

[rangenoresources] 20/7/2021 16:21

Spot on Skinwalker

[kingfisher14] 20/7/2021 15:30

The Tanzania government see gas as the way forward so supply and demand comes to the forefront.I would also suspect Aminex did not put the brown envelope in the correct pigeon hole

[whoppy] 20/7/2021 15:17

I would say more dilution at HE1, if they want to drill more wells.

[skinwalker] 20/7/2021 15:12

DH - yes, UWE (unwisely) bought a lot of these shares and as a result is definitely underwater and feels he cannot crystallise such losses, especially in that at some point in the future AEX will probably be worth more than currently? I myself am another example. My problem with the UWEs of this world if that they can't admit to themselves (or anyone else) that they made a poor decision, and UWE in particular continually posts that he is still buying (I find that difficult to believe). Its not a question of empathy or humility - if he was saying he is buying more to average down so that if the share price was to jump he may be able to get out with a shirt on his back that would make some sense, but to buy, buy and buy again because he thinks they are good value is highly speculative (at best), potentially misleading and likely to result in many new investors also becoming quickly underwater. Just saying like....

[whoppy] 20/7/2021 15:04

I don't think we need to see who's right or wrong down the line, as we already know.

[rangenoresources] 20/7/2021 15:02

Gas is being phased out. Clean fuels are they way forward.

[rangenoresources] 20/7/2021 15:01

All projects of this nature rarely run under or on budget. Let's see who is right or wrong down the line.

[rich2006] 20/7/2021 14:51

R&r Explain why seismic is likely to go over budget and why Aminex are on the hook for any over budget costs.