Aminex Share Discussion Threads

[ngms27] 25/8/2015 09:52

Ultimately edgar's loss...

[edgar222] 25/8/2015 09:40

The old filter dilemma.

You have someone on filter for many months. Your life improves because you don't have to deal with their repetitive and dishonest posts.

Then others you do read engage that person on the board and you read their replies to that person.

So you only get a one sided conversation.

Do you unfilter ngms so as to follow the conversation better?

Nah.

[ngms27] 25/8/2015 09:35

blackgold, read your statement again and you will see that M&P/Wentworth ARE NOT selling at the wellhead like AEX so AEX's gas price will be less than M&P/Wentworth IMHO.

Liked to be proved wrong, but I won't be.

[lfdkmp] 25/8/2015 09:22

OK thanks for clarifying that :-)

(In the unlikely event that AEX do sell their gas, will you then have concerns about the customer's perception of the quality of the product or service provided by AEX?)

[skinwalker] 25/8/2015 09:17

LFDKMP
not exactly!
We are now less bullish about the price Aminex MIGHT receive if ever it manages to sell any :-)

[lfdkmp] 25/8/2015 07:22

As some of our less bullish posters are now not bullish about the price AEX will receive for its gas, is this a tacit admission that they are now more bullish that the GSA will actually be concluded?

[ngms27] 25/8/2015 07:17

The contract price will be interesting. Anything starting with a 2 would be nice but who knows. Certainly going to be less than M&P/Wentworth given it's wellhead price and needs processing

[haggismchaggis] 25/8/2015 07:14

Yes, your so-called research and analysis is hilarious. Nearby as hilarious as your portfolio and your face.

[thecynical1] 25/8/2015 06:56

hilarious.................

[haggismchaggis] 24/8/2015 23:05

Gas price to Aminex will be a fraction lower than WRL. It's only a small difference in the setup.I don't know what planet cynical is on, but Tanzania gas buyers cannot name their price, TPDC decide the price.

[jacks13] 24/8/2015 18:00

I'm pretty much fully invested elsewhere at the moment gerry but still following developments here.

[thecynical1] 24/8/2015 17:49

anybody care to hazard a guess at the price they could possibly get for the gas.........they have timed this to perfection......NOT................the guys who are supposed to take the gas can basically name their price......given the present market, they could really have a laugh.................

[gerryjames] 24/8/2015 17:20

LOL...doing well elsewhere Jacks...good time to hold cash, I suppose.

[jacks13] 24/8/2015 16:40

I think he (and the family) are a bit busy at the moment Gerry!

[gerryjames] 24/8/2015 16:16

Whatever happened to ZULU and the family hedge fund? Does anyone care, he was very bullish and seemed to time the spikes well.Maybe just lucky, quite a few of his family seemed to post with him, at the time.

[edgar222] 24/8/2015 13:10

Malcy


Aminex has announced that it has tidied up its Egyptian interests thus avoiding having to pay for operational costs of its SM-2 well. By selling its APEL holding to Petrosino for a nominal consideration it will receive a 1% gross overriding royalty after costs have been borne. In Tanzania the company are slowly making progress, time for a chat with Jay I think. - See more at: hxxp://www.malcysblog.com/2015/08/oil-price-san-leon-sundry-gkp-wentworth-tethys-aminex-trinity-and-finally/#sthash.yPoVC0bv.dpuf

[lfdkmp] 24/8/2015 12:29

warbaby

Nice turn of phrase. Reminds me of the fable "Tortoise and the hare" :-)

[warbaby43] 24/8/2015 12:13

"the Tanzania Petroleum Development Corporation advised us late last week that our Gas Sales Agreement ('GSA') for Kiliwani North can be concluded in the near future"

It's the phrase ascribed to TPDC that the GSA "can be concluded" which appears to indicate that the payment protection part is now settled and out of the hands of the Bank of Tanzania or the Tanzanian Treasury and that the matter is back with TPDC to finalize. If, as AEX have constantly asserted, the commercial terms have been settled for some while then execution should, indeed, be "imminent."

Meanwhile, we should all have some sense of occasion given that the second anniversary of the GSA hare being set running falls at the end of this week.

[lfdkmp] 24/8/2015 11:32

Maybe for the best of reasons and because senior corporate executives can hardly be seen to be negative in these situations, JB and co are victims of their own expectations/positivity.

They could hardly have communicated a message along the lines of "Look we've done pretty much all we can to get these things moving, but we are dealing in an area where the decision making processes are indistinct to say the least and the pace of things even less so". It would have been difficult for them, as it is now, to say it is completely outside of our control. What impact would that candour have had on a fragile and diminishing confidence. Just look at the share price decline over the last few years.

I've been here for quite a while. I've been cynical about the term "imminent". There have been times when I thought "This is not going to happen". Today I do not think that is the case, and accordingly have used a bit of my ISA spare change to top up.

[skinwalker] 24/8/2015 11:16

life is not that simple Haggis ! Skepticism is essential !
ngms has no interest in "fooling investors" - why on earth would he?
you can't just simply accept everything that anybody says. Read the RNS carefully, you'll see that actually they're not saying much, and very little that hasn't been said before.

[thecynical1] 24/8/2015 11:01

at which interest rate??? let's face it......given their "past performance" in relation to the financing arrangement that is in place at the moment. do you seriously think that the next lender is going to give them an easy ride.......??? if you do, you are kidding yourself imo.

[haggismchaggis] 24/8/2015 10:49

Aminex have already told you that they won't have a problem. Stop trying to hide the facts in a pathetic attempt to fool investors, you're no good at it, we can read and understand RNS."The Company is currently in discussions with a substantial financial group which has indicated a willingness in principle to make loan finance available to Aminex which will allow the Company to pay down its existing loan obligations and continue to develop its Tanzanian licences, especially the Ruvuma PSA."

[ngms27] 24/8/2015 10:42

Consider this:

I'm asking banks to borrow £200,000 to buy a House, but I do have some equity.
The banks expect me to pay Interest on the Loan and pay off the Capital in X years.
The problem is my salary plus 10% extra is already consumed by outgoings.
I tell the bank that this time next year I'm going to be loaded.

Would any bank give me a mortgage?