Aminex Share Discussion Threads

[dfunk1210] 28/4/2016 09:09

Sorry that meant to say tmmilk..

[dfunk1210] 28/4/2016 09:07

Tammilk - why news before May 3rd? EOY accounts?

[tmmalik] 28/4/2016 08:55

Another small topup and avg down to 1.75

[skinwalker] 28/4/2016 08:50

Yes, great fun!
We may have to call another bottom soon though!

[gerryjames] 27/4/2016 06:59

Yes, thank-you Skin. Remember we called the bottom correctly several weeks ago. 28th Jan. I did not a lot about it, Great fun watching it all double and treble though since.

[tmmalik] 26/4/2016 19:24

News on the way,it will land on or before 2nd may 2016 .3p + next month.

[edgar222] 26/4/2016 18:38

Britishbulls tonight


Market Outlook

We cannot deny bullish sentiment in the market anymore. It is wiser to hear the call of the market and change positions accordingly. The bullish stop loss is finally confirmed and a BUY signal is generated. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.

[skinwalker] 26/4/2016 17:46

some half-wit!

[blackgold00] 26/4/2016 16:45

skin, who is it? you'd have to be blue to thumb down all the time.

[markten33] 26/4/2016 16:09

In April BOD up 145 per centMay be a 10 bagger

[skinwalker] 26/4/2016 10:37

Morning Gerry
All well I hope?

[gerryjames] 26/4/2016 08:42

Didn't PJ1 mention something about Sound Energy comming into the picture. Who knows but PJ usually does a lot of ground work and isn't afraid to talk with people. But I'm sure they're all talking in these cash strapped times.

Good Luck.

[1775] 25/4/2016 19:46

At 1.3p - that's a sell tm.

[tmmalik] 25/4/2016 17:55

Sorry 1 million

[tmmalik] 25/4/2016 17:54

10 million is buy or sell?

[blackgold00] 25/4/2016 14:14

"we've got production ramping up at Kiliwani and there should be some positive news regarding that" 5.30 min in

[stinkypeet] 25/4/2016 13:49

Not much if at all.... Once we get those things then and only then will it rise

[proactivest] 25/4/2016 13:49

Video interview with Jay Bhattacherjee



Aminex Plc (LSE;AEX) Chief Executive Jay Bhattacherjee tells Proactive Investors that 2015 was a productive year and 2016 will see results. "This is the year we will start to look forward and really drive the business into that production/development model we have been talking about" he says.

Bhattacherjee says the company will grow organically and through acquisitions. "We've got a pretty big acreage position down in Ruvuma which we are clearly excited about, but equally we are going to be opportunistic and look for either assets or potential deals with other companies to strengthen our position" he says.

[clunes100] 25/4/2016 11:42

AEX is now under valued and the share price is now on the rise, how far will it go today whilst we await confirmation of flow rates and first payment........?

[vike1] 25/4/2016 11:00

Positive comments from Malcy's blog today on us:

"
Sundry
Finals today from Aminex which are of little interest, all the excitement is in the here and now. Since the year end the gas has started flowing at Kiliwani North which means revenues and of course books reserves. It has been a long wait for management and shareholders alike but when I spoke to Jay last week he was excited about the future but shared my view that the stock is significantly undervalued.
"

[blackgold00] 25/4/2016 10:55

well not much longer now, once the optimal flow rate has been determine and Commercial Production begins, then the funding arrangements can be finalized and the drilling contractors can start to drill.

"Together with TPDC the Company plans to conduct a well test during the production build up to determine the optimal flow rate. It is this optimal flow rate that will become the Commercial Production Rate and the Company intends to flow gas at this rate for as long as possible prior to a natural decline in production."

"The Directors anticipate that net operating revenues from Kiliwani North production will provide approximately $10-$15 million net cash flow a year to Aminex once full rates of production have commenced following testing and commissioning.
With Kiliwani North onstream, the Group will be able to reduce corporate
debt (and finalize funding arrangements ) for the next stage of drilling to offset the Company’s Ntorya discovery on the Ruvuma PSA acreage."

[vike1] 25/4/2016 10:40

Indeed, as they did last year. If the math above is correct, I have no problem with it (assuming they let the share price rise a bit more!)

[blackgold00] 25/4/2016 10:14

Vike, i think Aminex provide that right to issue 10% of the share equity each year, to take advantage of an opportunity with out having to seek share holders approval.

[vike1] 25/4/2016 09:43

Under the Articles for the AGM I see they are requesting:

Item 7 (b) page 6: "in addition and without prejudice to the authority conferred by paragraph (a) of this Resolution, the allotment of equity securities up to a maximum aggregate nominal value of €197,620."

If I understand this correctly, at a nominal value of €0.001 per common share, this translates to the right to issue 197m shares (c.+10% increase) as part of a Rights issue?