Aminex Share Discussion Threads

[skinwalker] 27/8/2015 19:12

warbaby 53579
one doesn't "arrange longer term funding options".
One either arranges longer term funding, or discusses longer term funding options.
Where did you find this?

[warbaby43] 27/8/2015 18:39

"As previously reported, the Company is in discussions with a major financial institution to arrange longer term funding options for its Tanzanian work programme. Aminex continues to review alternative financing options to enable the repayment or refinancing of the corporate loan. Solo Oil plc retains the option to acquire another 6.5% interest in Kiliwani North for $3.5 million within thirty days of the Kiliwani North Gas Sales Agreement being signed"

Which seems to indicate that there are two financing exercises underway. One to fund Ruvuma development and a separate one to take care of sorting out Argo. I also note that the "substantial financial group" from the 4th June RNS has morphed into a "major financial institution." Would Gemini meet either of those two descriptions?

Also worth recalling that the 4th June RNS indicated that the facility would "not be conditional on signature of the GSA or commencement of production." As that was very nearly 3 months ago and the negotiations would by then have been well advanced, that piece of big news might come along any day now.

[liquid millionaire] 27/8/2015 17:04

edgar222 27 Aug'15 - 15:44 - 53576 of 53577 1 0

LM

People already here really don't need any more of me cut and pasted from elsewhere !



Ooh yes they do....lol!

[blackgold00] 27/8/2015 16:29

ngms "Look to return when plans are confirmed for Ruvuma drills, which I think will be after dilution / erosion of some share holder value thus I expect to get back in below what I sell for."

ngms, when you say "after dilution" you mean a placing of sorts, yes? so you don't think then that Aminex will be successful with the "Ongoing discussions with financial institution for provision of development capital for Ruvuma and restructuring current debt facility".

I don,t know what the BOD with all their skin in the game will think of all that dilution, I reckon Aminex will need to raise $20 million approx, to drill N-2 and N-3 plus clear the current debt, so a placing set at say 2p, would amount roughly to a 50% share dilution.

[edgar222] 27/8/2015 15:44

LM

People already here really don't need any more of me cut and pasted from elsewhere !

[liquid millionaire] 27/8/2015 12:14

AEX



edgar222 27 Aug'15 - 11:40 - 44042 of 44046 1 0

7 Russell

Try Aminex. News Coming soon.

Sorry for off topic

rossannan 27 Aug'15 - 11:50 - 44043 of 44046 1 0

I've been in AEX and SOLO for months and they keep telling us that the Tanzania news is coming soon! This time they really mean it apparently...

edgar222 27 Aug'15 - 11:54 - 44044 of 44046 1 0

I have been in Aminex for years (sob) and what you say is right.

BUT the stumbling block to the Gas Sales Agreement that will transform everything has been removed and we KNOW this because the Tanzanian Government have set up a payment guarantee system with Maurel et Prom / Wentworth. That's a first and means they now have a guarantee system in place.

That's the last stumbling block to Aminex / Solo GSA.

Sales following soon after the contract.

Re-rate.

Then a drill year end / Jan 2016 targeting "1-2 TCF" (TRILLION) of gas according to Neil Ritson.

[last throw] 27/8/2015 11:44

ngms27

You have a 50% chance of being right - maybe more on AEX's past history.

That said, I get a feeling that this time IF there is a fallback in the share price it won't be as great as historically and could provide the opportunity for ii's to come aboard, which in turn should push the price northwards.

I respect your stated intentions for selling - OK I know you might be kidding on that point but who's to care? - and you may be right, but I'm keeping my 16+ million until at least the end of March 2016 when there is a slight chance that I'll need some readies ...... it'll be interesting to see at that time what, say 500,000, will realise.

I am guessing £30k which will make me a very happy bunny!

LT

[edgar222] 27/8/2015 11:31

Yes, Gerry I agree.

But we are talking about a bounce to 4p.

In a year from now (assuming things go to plan, Hah Hah)4p will be long past.

[ngms27] 27/8/2015 11:22

I'm expecting a spike above 2.5p and hopefully beyond 3p as the news has been a long time coming and will be very material.

Then I'm outta here for a while.

[gerryjames] 27/8/2015 11:19

First revenue should see a meaningful bounce, surely. Soon, given the indications. Can't be that "baked in".

[edgar222] 27/8/2015 10:38

I am not expecting the market spike on payment protection and GSA news.

I am expecting the market spike on news of drilling 1-2 TCF prospects. Ritson says that's December, Aminex says its Q1 2016.

I am also expecting improvement in the balance sheet to have an impact. Getting rid of the going concern statements and showing AEX as debt free with an income (and more income to come on N1-3 hook up) will have a huge effect on risk analysis.

So am not sure we will get spike but steady climb, I hope. Of course it may feel like a spike at the time! But if all this happens as discussed and N2 is successful in appraising, proving and then GSA and selling we will be in a very different share price position in a year.

IMHO. Blah blah.

[gerryjames] 27/8/2015 10:04

Just a point on managing expectations, it's clear that sentiment towards Tanzania's governance of their assets is low. Evidenced by Wentworths poor reaction to $3 x 80k p/d by year end. However if the new payment systems work this will change with time and investment follow. Perhaps what more bullish posters forget to factor in when judging others is the legacy of disappointment. Not the board's fault...although back to managing expectations as WB states.

[warbaby43] 27/8/2015 08:34

Regarding target figures:

"The up-dip part of Ntorya, in addition to the gas discovery, has been ascribed a further 945 Pmean BCF gas in-place for a total of 1.1 TCF Pmean gas in-place for the greater Ntorya gas field."

With its history of serially disappointing, some expectations management by Aminex would be very welcome so, with a bit of luck, perhaps this time round they might delight rather than disappoint. Hopefully, therefore, they will stick to talking about 1.1 tcf rather than figures like the 2.3tcf, albeit for Ntorya plus Likonde, being bandied around last September.

[thecynical1] 27/8/2015 08:26

53557......classic! : )

[ngms27] 27/8/2015 07:23

Why,

I've made it clear I intend to sell out on GSA news and buy back cheaper for any confirmed Ntorya drills after the dilution/financing is sorted.

[blackgold00] 27/8/2015 07:11

steady on there ngms, you'll be accused of ramping if you aren't careful.

[ngms27] 27/8/2015 06:50

Or if N2 and N3 fail sub 1p

Take your pick. Both are realistic scenario's.

However my personal opinion is that N2 and N3 will be good.

[pj 1] 26/8/2015 21:27

not exactly obviously!

[blackgold00] 26/8/2015 21:02

PJ1, i don't think your'll need any ramping for share price to get to 2.5 when the GSA news arrives.

ah, i just re-read your post you mean 2.5 after the ramping and the share price has settled.