Aminex Share Discussion Threads

[blackgold00] 13/2/2017 12:58

haggismchaggis13 Feb '17 - 12:41 - 60000 of 60001 (milestone)

[tidy 2] 13/2/2017 12:56

Yes the point is we are waiting for material news expected to be well above what we were expecting. Wrong time to sell end of.

[greyingsurfer] 13/2/2017 12:54

tidy 2, my personal view is the shares have got ahead of themselves unless there really is something (very material) we don't know. I've sold some accordingly in the hope of buying back in the 4's.Ngms, yes I agree. I topsliced this morning, at a price well above what I'd been hoping to get prior to N-3. I think you may well be able to get back in the 4's. I doubt I will, one of my reasons for the top slice was that AEX had come to be over 30% of my portfolio. I've only ever let one share break that once before, and it was a mistake then!I'll hold most of my holding for now, subject to news and price moves. N-3 could certainly see a major further uprating, but it's clearly a lot higher risk than N-2. Long term I suspect you could justify the current rating without N-3, but failure there would certainly hit the share price hard, short term at least.While I do have shares bought at higher prices, when I was probably still a young man, the main bulk of mine were bought between 0.89 and1.3p, partly in offers, and excess allotments, and partly in the open market, so I'm very happy to take some profits now. And that I've steadily accumulated over recent years.Peter

[haggismchaggis] 13/2/2017 12:41

Volume has passed last Friday's total and is about to pass last Thursday's total. Both of those days were high volume for AEX.

[blackgold00] 13/2/2017 12:41

except Philip Thompson recently sold a few

[tidy 2] 13/2/2017 12:37

The open offer and placing has taken place already so yes 45%

[tidy 2] 13/2/2017 12:24

Ngm I'm surprised at your low targets.

[dunderheed] 13/2/2017 12:22

Ngms I think you said 3.25 originally as well not 4p?!

[tidy 2] 13/2/2017 12:22

So funny they left us and now we're being compared to being the next Tullow.

[haggismchaggis] 13/2/2017 12:16

Tullow will be kicking themselves if N3 or Namisange is full of oil.

[haggismchaggis] 13/2/2017 12:15

5p is the new 4p. I don't think you'll see 4's again.

[tidy 2] 13/2/2017 12:14

Motley calling AEX likely the next Tullow. How ironic when Tullow left us.

[haggismchaggis] 13/2/2017 12:13

I heard you were at least 5' 6" :-D

[slepy] 13/2/2017 12:06

tidy - I do love it when someone posting here less than a month is telling me that I'm short.

[thegreatgeraldo] 13/2/2017 12:01

The contract note should give a clue.......

[tidy 2] 13/2/2017 11:58

My mate picked up 500k this am on open and 3m solo. Waiting to see what price he got.

[ngms27] 13/2/2017 11:55

tidy 2, my personal view is the shares have got ahead of themselves unless there really is something (very material) we don't know. I've sold some accordingly in the hope of buying back in the 4's.

I still remain convinced all is not what it seems given the oil shows and higher than expected pressure updip.

To me the big money was always going to be NT-3, TBH I'm amazed at the run the shares have had from NT-2. Way out performed my own 4p target price. Maybe I should adjust my NT-3 target price from 10p to 15p!

[tidy 2] 13/2/2017 11:52

If you help and wasn't short slepy

[slepy] 13/2/2017 11:50

Maybe, but whoever bought at 1-2-3p already made good profit. No share goes up in a straight line and it finished blue every day since 3rd of Feb.
I will be happily surprised if after the test results we will see further increase and I finally break even or maybe even make some money.

[tidy 2] 13/2/2017 11:49

Nonetheless, City analysts are expecting big things from it over the next three years. Specifically, analysts have pencilled-in a pre-tax profit of £3.7m for 2017 on revenues of £12.8m. Next year, earnings per share are expected to grow 160% to 0.24p as pre-tax profit grows threefold to £10.6m. Revenue is expected to hit £20.3m. These forecasts could be subject to substantial revisions higher as they are only based on Aminex's current production from its Kiliwani North-1 well, which is churning out 30 mmcf/day of gas. 2017 will be the first year of full production from the asset and the company should be able to use cash flows from this production to fund the development of its next well.The bottom line Overall, it looks as if Aminex has a bright future. Unlike most small-cap oil producers, the firm is generating income and this can be used to develop new prospects, which could deliver a substantial increase to net asset value and revenue. If the company manages to hit City targets for growth for the next two years the shares could have further to run. And if Ntorya-2 turns out to yield better-than-expected results, Aminex shareholders could be well rewarded. With this being the case, it looks as if it is more likely to be the next Tullow than Afren.Motley

[haggismchaggis] 13/2/2017 11:46

slepy, it went up because it was undervalued and the RNS woke the market up, so it's rerating, it's not gone up on hot air.

[slepy] 13/2/2017 11:38

I've been thinking about the big picture for 7 years, yet reality was completely different.

[tidy 2] 13/2/2017 11:37

Nobody is. Think of the big picture.