Aminex Share Discussion Threads

[edgar222] 31/8/2016 16:16

Malcy on aminex

V positive

From about 2 mins in

hxxp://www.sharepickers.com/572-malcy-aminex-independent-oil-gas-plus-alan-green-likes-cake/

[kevjones2] 31/8/2016 16:11

For proper bovine noise usage please see my all time favourite ramp below. It's from a couple of years ago on the Rose bb on LSE. Rose was around 2.5/3p and this particular poster was an extraordinary ramper. Needless to say the 'expected' RNS did not arrive that Friday or the next week. When it eventually did it started the share price drop to what it is today - .14p. Have a sick-bag ready. Here goes:

"Do I see some cracks forming and the floodgates about to open? Tomorrow will be an interesting day as many try to get in before the anticipated RNS on Friday….if no RNS on Friday then who dares be out over the long weekend.

The Bulls are really pawing the ground now…once they're let loose they're gonna charge like crazy…can't keep them penned it for too much longer!!!

Charts are about to get blown out of the water me thinks.
*snort, snort*"

[blackgold00] 31/8/2016 15:42

moo doesn't sound very impressive, that is, to keep the share price up, it needs to be very low and loud and perhaps accompanied with the noise of steam snorting from the nostrils and maybe the sound of charging. then the share price might stay up for longer.

[flyingbull] 31/8/2016 15:38

August was a good month for the oil price. The challage is on for September!
Fancy a challenge? Which oil stocks do you think will gain or which will lose?

[impvesta] 31/8/2016 15:36

Haven't listened yet but today's Vox Markets podcast no 572 includes "Malcy on Aminex"

[bunbooster2] 31/8/2016 14:31

I don't really know. I just heard someone else say it and thought "that sounds clever, I shall ape them."

I thinks it's something to do with bulls and bears. So if the price goes up there is a loud moo (bull market), down a load raaarrr (bear market). It's just noise - just the market going up or down.

I think it comes from the olden days when animals were used as share certificates. Before paper was invented. Like in the bible.

Quid nunc.

[blackgold00] 31/8/2016 14:01

is it the same noise as when it goes up or is that a different noise?

[bunbooster2] 31/8/2016 11:35

The sharp decline obviously has nothing to do with any individual posters. It's just noise.

[tmmalik] 31/8/2016 11:04

It will go up again from today afternoon.

[skinwalker] 31/8/2016 09:42

personally I blame Edgar. Why, oh why did he return from holiday? The share price flew in his absence. Do you think we should club together to raise enough to send him off again?

[blackgold00] 31/8/2016 09:23

I'm reading now from the LSE a company has 6 months for annual results and 4 months for half year results. so yes they do have some time.



(Report and accounts)
"All listed companies must
publish their annual report and
accounts, including an audited
financial statement, no later
than six months after the end
of the financial year – and any
company failing to do so will
face having the listing of its
shares suspended. The
company also has to prepare
unaudited half-yearly figures
within four months of the end
of its half-year. Again, the
penalty for failure is suspension
of the shares. These
results must be sent to the
UKLA and published to the
market via an RIS. It is
becoming common practice
among many listed companies
to publish summary financial
statements (a shortened
version of the annual report
and accounts) particularly for
private investors."

[stinkypeet] 31/8/2016 08:55

But blackgold the year end for AEX is 31st December but the end of year results weren't produced until the 25th April - nearly 5 months after the year end..... I wouldn't be surprised to see a similat time delay in the half year either.

[greyingsurfer] 30/8/2016 12:38

I know that we had the half year results at about this time last year BUT we only had the full year results four months ago and rather than spend time creating half year accounts/ report this year the CFO and crew have had a Prospectus and huge dilution to manage... I wouldn't be at all surprised to see them coming out several weeks, even months, later this year.

I agree, they've also been dealing with the product of a large fund raise and, I believe, and office move. So no surprise that the results will be delayed a little. Far more important that they concentrate on moving things forward than worry about a delay in the half years.

Peter

[blackgold00] 30/8/2016 10:08

it looks like they have 3 months now to publish their H1 results, it used to be 2, so with first half ending June 30 they have another month if they wish.



Publication of half-yearly financial reports
DTR 4.2.2 R 26/11/2015
(1) An issuer must make public a half-yearly financial report covering the first six months of the financial year.
(2) The half-yearly financial report must be made public as soon as possible, but no later than three months, after the end of the period to which the report relates.
(3) An issuer must ensure that the half-yearly financial report remains available to the public for at least ten years.

[edgar222] 30/8/2016 10:04

I should go on holiday more often. The share price more than doubled since late June (when it touched 1p).

We are now awaiting the agreed level of production and the GSA kicking in. And the all important income that flows from that.

I agree (with some of the comments on LSE) that there is a distinction between the optimal flow rate from a geological / well perspective and the market flow rate (ie. what the TPDC want to receive). The latter is more important (assuming we remain within the former's parameters).

The crunch issue is how much gas they want to buy.

Jay B has been very clear in various interviews and over the months that the maximum optimal flow may be about 30m. The plant needs a minimum of 22m to run. He has also been very clear that there will be a seamless move from commissioning to production. On the basis that everything he has said has happened (leaving aside timescales not in his control) I trust him.

I have been thinking that the market does not trust that the TPDC need the gas now, hence the absence of share price reaction. I thought it was waiting to see the TPDC actually buying and receiving producing gas. Which is why I think the market has rather overreacted to the news of payment for commissioning gas. No doubt, it is just catching up and this is not scientific or exact. The rather depressing alternative is that the market has already priced in (at 2p) the producing gas income but I cannot believe that is correct.

I do think the news of agreed production levels is incredibly important and remains so. For all sorts of reasons including balance sheet medicine, Solo affording to participate and general trust issues.

But I also agree it is less important than it was before the recent share issue as the next drills are not dependent on the production from KN1.

On the basis that I trust AEX and the management and that the TPDC are going to seamlessly move to purchasing gas at somewhere between 22-30 million cubic feet per day then I remain of the view that we are in a great position.

If spudding of N2 occurs in October (start of Q4) we might have a nice Christmas present here. But this is Africa and it probably wont occur then and we will have more delays. But at least they will be delays on the basis of a funded, healthy company with real future prospects.

[stinkypeet] 30/8/2016 08:28

I know that we had the half year results at about this time last year BUT we only had the full year results four months ago and rather than spend time creating half year accounts/ report this year the CFO and crew have had a Prospectus and huge dilution to manage... I wouldn't be at all surprised to see them coming out several weeks, even months, later this year.

[blackgold00] 30/8/2016 07:56

yes tomorrow i suppose, maybe they'er waiting on a bit of news to be confirmed to accompany the H1 results. always the hopeful

[warbaby43] 30/8/2016 07:26

If every picture tells a story (as might the journalism in the second para)



Meanwhile, no H1 Results today a bit of a surprise - tomorrow perhaps?

[warbaby43] 28/8/2016 07:55

Clearly, Greenpeace has managed to infiltrate the College of Engineering & Technology in Dar.

[warbaby43] 27/8/2016 08:52

The China/Tanzania political and economic nexus grows ever wider and deeper:



Nowt further on yesterday's report of management upheaval other than, perhaps, the rather oblique references to "vacancies" at TPDC. Perhaps, Mataragio's principal sin was that his technical and management background was US centred rather than Chinese.

[greyingsurfer] 27/8/2016 08:41

What a piece of computer generated tripe!

[skinwalker] 26/8/2016 15:36

Why's that Bun? Do you wear one for your sleep apnea?

[bunbooster2] 26/8/2016 14:47

I find that offensive.