Aminex Share Discussion Threads

[obsignal] 07/6/2016 00:44

Dear Jacks13:

How incredibly rude! And how appropriate that your handle should be demotic Dublinese for lavatory.

I did not expect that my offer to GIVE information would elicit a response DEMANDING same, as if of right.

Might I suggest that the old policy of seeking favour with honey rather than vinegar would be worth considering? Or perhaps such a genteel approach would be so foreign to your nature and your practise that you would not even consider it?

I had intended to share everything I learned with the people here. But if you are in any way representative of their number, I should perhaps be minded to think again.

Sincerely

Obsignal

[pj 1] 06/6/2016 21:08

obsignal 6 Jun'16 - 12:53 - 56664 of 56674 1 1

Two items worth bringing to your attention:

1) Very pro-Aminex article (of some length) in Phoenix Magazine, out last Wednesday (June 1 2016). Some caveats, etc, and risks duly acknowledged but very bullish by their careful standards. Those not familiar with it might like to know that this title has been uncanny in its ability to pick out future monsters.

2)Meeting Chairman Hall, possibly accompanied by Philip Thompson, in Dublin within the month. I will be asking all the obvious questions about logistics, risk, etc, but if you people have anything specific you want to know you might drop a line to this board, sooner rather than later if you wouldn't mind.

--------------------------------------------------------------------------------

Yes please!
1) Why did they give US assets away after communicating no way would they give it away to quote 'texas chancers' errrrr they did give them away to Texas chancers!!

2) Why did they communicate major interest in farm out, when there obviously was none, followed by RNS stating lack of interest due to difficult markets

3) What happened to the 'soft' financing as discussed in the 2012 AGM?

4) How long is 'imminent' i.e. from when first used?

5)Why fully listed for so many years when AIM would have saved shareholders $1m 's

6)Have you discussed farm ins with Companies who target other Companies in distress? (AEX in distress I mean)

Lots more but you get the jist

If you're really brave why not ask about their alleged lying to shareholders over a decade?

[vike1] 06/6/2016 20:27

From the BRR updates from Solo, meetings were held last week with the TPDC and Min of Energy. Hopefully will get a clear steer in the next month on whether extension are approved. My opinion is they will.

[skinwalker] 06/6/2016 17:31

BG - Most illuminating!
I see the RNS went down like a lead balloon - Hey ho!

[ngms27] 06/6/2016 14:35

In my opinion they only have the option of a placing / rights issue as no one will lend a dime until the license issues are resolved.

My opinion is that no drilling will take place in 2016 for that very reason

[warbaby43] 06/6/2016 14:26

"That could not be progressed until guaranteed income from KN1 is known. What bank or institution would lend on the basis of unknown figures?!"

Would agree with that edgar222, especially given the very distinct possibility/probability of a loss of 15% of the AEX share come December. Additionally, the licences position must also be critical for any lender.

That RNS of 4th June '15 also covered the extension of the Argo loan and if it is to be extended yet again, then we should be hearing so very soon. Be interesting to see if there is anything said about additional financing this year.

[edgar222] 06/6/2016 14:02

Warbaby

Well remembered.

"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...."

To my mind it is still Gemini (Mackay still on the board). That could not be progressed until guaranteed income from KN1 is known. What bank or institution would lend on the basis of unknown figures?! I think that is still a possibility.

FWIW I think the BLVN farmout issue is entirely separate and the Board probably thought it was a better bet than a Gemini type deal. Not so sure myself but I don't know what they know and others here have always said that Gemini are expensive.

Either way I take it to mean that Aminex have more than one funding option on the table. Gemini await the KN1 production figures. BLVN await the licence extension. More patience required but nearly there !!!! (No. Not the first time I have thought that!!!!!)

[warbaby43] 06/6/2016 13:50

Might be a couple of days late to mark the actual anniversary, but a year ago this sparked a great deal of excitement plus an share price spike.



In particular this bit indicating some immediacy:

"the Board of the Company has a reasonable expectation that an initial part of such a facility would be available prior to the commencement of production and will not be conditional on signature of the GSA in Tanzania or commencement of production"

I've often wondered what became of this (assuming the "substantial financial group" really existed)- did they get the bum's rush or was the whole thing overtaken by the Bowleven proposal (the timescale would certainly indicate that possibility)

[blackgold00] 06/6/2016 13:15

yes Peter, concise but very informative.

[edgar222] 06/6/2016 13:11

Obsignal

I would appreciate some background on Phoenix? What is it? Is it well respected?

I would also very much like to see the article. If you could post it here or perhaps a photo of it on Twitter? (with a clue as to your twitter name!)

TIA

[jacks13] 06/6/2016 13:09

Four questions if you don't mind:
1. Who are you?
2. Do you represent other parties apart from yourself?
3. In what capacity will you be meeting Chairman Hall?
4. Is this to be a private meeting?

Thanks in advance, jacks13

[obsignal] 06/6/2016 12:53

Two items worth bringing to your attention:

1) Very pro-Aminex article (of some length) in Phoenix Magazine, out last Wednesday (June 1 2016). Some caveats, etc, and risks duly acknowledged but very bullish by their careful standards. Those not familiar with it might like to know that this title has been uncanny in its ability to pick out future monsters.

2)Meeting Chairman Hall, possibly accompanied by Philip Thompson, in Dublin within the month. I will be asking all the obvious questions about logistics, risk, etc, but if you people have anything specific you want to know you might drop a line to this board, sooner rather than later if you wouldn't mind.

[greyingsurfer] 06/6/2016 12:45

Wow, that really increased my understanding of what's happening with AEX in Tanzania!

Peter

[blackgold00] 06/6/2016 09:27

this is for you skin : )

[blackgold00] 06/6/2016 09:07

what is it then at 30mmcfd, about $90,000 a day gross so at 55% net = $49,500 per day, = $1,400,000 a month aprox?

[cervelo] 06/6/2016 08:59

So at 55% that should bring in $6-9 m pa

[blackgold00] 06/6/2016 08:50

so this little bit is new then,

("Based off initial pressure response from the Kiliwani North 1 well it is expected that the well will be tested closer 30mmcfd (approximately 4-5,000 barrels of oil equivalent per day gross")

[888icb] 06/6/2016 08:27

We should see 2p plus soon to start reflecting a proper valuation. At today's share price the market cap is only £26 million. In my opinion the market cap should be north of £50 million now the gas is flowing and income is being generated.

[tmmalik] 06/6/2016 07:59

I think waiting time is over and beginning of reward for shareholderThis whole month there will b gradual price movements towards 3p and as soon as payment recieved and final flow rate determine ,price will swing accordingly.We will definitely see 2p within this week.

[gerryjames] 06/6/2016 07:46

The Neil Ritson take on things... from the ground. (For Bun)

"I visited the Songo Songo gas plant last week and was very impressed with the quality of the facilities and the progress being made with commissioning. I am encouraged by the work that has been undertaken by TDPC and Aminex, and expect that we will now reach the expected offtake rate in the next few months."

[oilretire] 06/6/2016 07:32

Plus some commissioning sales from earlier.....- Aminex and its partners have invoiced TPDC for both April and May gas production in accordance with the terms of the signed Gas Sales Agreement.

[impvesta] 06/6/2016 07:24

"On 2 June the first Kiliwani North-1 ("KN-1") gas was processed and entered the pipeline system connecting the Songo Songo plant with the national pipeline."

[1775] 05/6/2016 23:32

No idea Jacks. Someone on the LSE board mentioned it and I was hoping that someone on this board might have seen it.