Aminex Share Discussion Threads

[tidy 2] 02/3/2017 11:41

Iseq up 8%Just a case of AEX.L catching up @ 7p equivalent in to close

[bunbooster2] 02/3/2017 11:36

The share price is no fun this week. It displeases me. It's like the bad decade all over again. Thanks for nothing Brian Hall!

[eddiew] 02/3/2017 10:58

Attacking is a very strong description about my comments to ngms. Im sure he is a big boy and can stand up for himself and doesn't need your help. And as you say its a free bb and i can say and ask what the hell i like.

[greyingsurfer] 02/3/2017 10:43

Eddie,A board full of "good news" is as much use as a chocolate teapot. This is supposed to be a place to discuss AEX as an investment, not just to puff it up. That means looking at the realities. If you don't want to hear about issues such as licence conditions or the state of development of the Tanz domestic gas market I'd suggest you avoid reading this board, rather than attacking people who do want to.Peter

[fortune cookie] 02/3/2017 10:41

ngms I am sure the management are aware of their licence commitments and will be doing what is required to ensure they keep the licences. I must agree you do sound very negative with your posts there is realism and pragmatism. Got my first share in AEX in Nov 2005 at 29.88p and sold the next year at 41.46p. Have been in and out over the following years and believe at last we have the potential to be on a winner.

One thing to remember is never fall in love with a share. It is a way to make money or should be.

[dunderheed] 02/3/2017 10:38

61449 - agree with ngms - wouldn't require much funds anyway in comparison to the 'new' market cap - could be significant exploration upside plus security of licence tenure - all good for PI.

[eddiew] 02/3/2017 10:19

Ngms, well good luck.

[ngms27] 02/3/2017 10:13

eddiew, of course I want the share price to rise and it will on fundamentally good news. What I or other PI's say on this BB has no bearing whatsoever on the share price.

Therefore I will speak my mind and will not be silenced by rampers. True value always outs.

[rich2006] 02/3/2017 10:04

Eddiew
Ha good luck with that lol
:)

[eddiew] 02/3/2017 09:56

Ngms, same here i must have been in AEX for nearly 10 years and seldom post. Your negative take on everything comes across as you wishing the share price to drop. They may be pragmatic comments but if you want the share price to rise sometimes it is better not to comment at all.

[ngms27] 02/3/2017 09:50

eddiew, no just pragmatic, been in this game for nearly 20 years and don't have my head in the clouds.

[eddiew] 02/3/2017 09:41

Ngms - you are Mr doom and gloom. Have you ever had a glass half full?

[nsk1] 02/3/2017 09:17

This should be blue if solo is blue today. Either it's mm games or currently overvalued. I think it's mm's though. Good Luck all

[thelung] 02/3/2017 09:09

Jonny T, when you stand in front of a mirror with a hand behind your back, can you see that hand in the mirror?

[ngms27] 02/3/2017 09:08

tidy 2, you are aware that they lose 15% of KN-1 in December if they don't drill any more exploration wells?

Have you checked the accounts to see if the cash flow will do anything other than keep the lights on and give Jay and the BoD a nice little earner?

[tidy 2] 02/3/2017 09:04

Ngm still banging on about funding. Keep at it maybe one day in the future they will and you can say your a genius.In the mean time tho let them continue to rake in $900k pm from kiliwani allowing them debt free, then let them continue to make profit whilst they go on day to day

[greatfull dead] 02/3/2017 08:55

Mr Haggis,

Thank you for your opinions and for clearing that up for all here.

ATB,
GD

[ngms27] 02/3/2017 08:55

Why would TPDC pay to link up Ntorya now given:
a) There is obviously currently no demand for the Gas
b) Ntorya doesn't have a production license, that will likely take 6 months to a year judging by past experience
c) What exactly will Aminex hold on to after license expiry in December? They have renegotiated several times now and the last deal was put as the last chance saloon and yet again they have failed to deliver on obligations

There is only one course of action that benefits PI shareholders. Raise monies and drill out the prospects.

[haggismchaggis] 02/3/2017 08:50

Greyingsurfer, it's you that's in la-la-land, try reading my posts again, I NEVER said N1 and N2 would be producing in 6 months!!!! I said connected, I NEVER said anything about production levels. Also, I am saying (quite clearly in reply to Litho) that there won't be any dilution during the current well programme covering N1, N2 and N3, I NEVER mentioned the subsequent wells because Litho wasn't talking about that far ahead.

[berber1] 02/3/2017 08:34

Litho, private investors are not amoeba, on the contrary, we use our brains to be ahead of the market, unfortunately we are always the last to get out at our cost. These bulletin boards give opportunities to PI's to share knowledge and ideas way to get ahead of people trying to take hard earned cash in the most aggressive way. Finding multi tcf is not the same as multi bcf. Haggis, post 61442 is more like what we all would like, and that will be great for us and AEX.

[greyingsurfer] 02/3/2017 08:34

Litho, there won't be any dilution, we are fully funded. (can't say the same for SOLO however)Aminex has 4 more wells to drill this year, or renegotiate or lose the licence over the rest of Ruvuma. It is not fully funded for that.Talking of N-1/N-2 being linked and producing in 6 months is La-La land, and shows you've understood nothing of the gas demand situation in Tanzania. KN-1 has been linked and commissioned for some time but is producing at under capacity because demand has yet to catch up.Demand will come, but it will take years. Better, if the N-2 interpretation is successful, to keep working on the big prospects, and build up the potential reserves.That may need dilution, but funds could be raised now at 4-5 times the price of the last placing, and 4-5 time less dilution for each £ raised. I've never understood those who want to cling to a large part of something small instead of understanding that it's better to have a smaller part of something bigger. Of course funds could also be raised in other ways, I'm not advocating placings and offers as the only route, but they shouldn't be ruled out, or seen as a bad thing. Debt can also create big problems.Peter

[greatfull dead] 02/3/2017 08:32

Mr Haggis,

My current take is there will for now be no further dilution, I have only been in AEX since 15 Feb 2017. I bought in @ 4.83p since then added in 2 more tranches. I have held Solo for some time and well in profit there, they are currently my biggest investment in my portfolio and I have not traded either SOLO or AEX. Both are mid to long term investments for me.

The share price IMHO now will climb as of today, test results from NT-2 could come anytime from today up until mid March, hopefully!

If and it is only and if there is going to be a placing, it will come after NT-3 is drilled and tested.

ATB,
GD

[blackgold00] 02/3/2017 08:04

all sounds good to me haggis : )

[haggismchaggis] 02/3/2017 08:00

"Ntorya-3 to test 1.5 TCF Pmean GIIP Resources from Cretaceous and Tertiary reservoirs"http://www.aminex-plc.com/operations-tanzania-ruvumaAnd we already have the cash to drill it!!