Aminex Share Discussion Threads

[edgar222] 26/4/2017 13:04

I would just add that of course I too have a target price. I always said 8p changed my life and that remains true but I believe 8p is too cheap to sell up.

[edgar222] 26/4/2017 13:01

Slepy, me old mucker,

I added more and my average was under 2p by the time we got the flow rate news. So I nearly quadrupled.

Now I am open to a more-active trader than I have been on Aminex pointing out to me that I would have been better off being more active rather than buying as it fell and holding for years. I plead guilty but I cannot time the market and it is arguable whether anyone can. I have traded a small portion of my holding (about 5%) for fun since February and have made money on that too.

For what it is worth I believe I have learned a lot in holding Aminex and am much more active in other shares now.

And I understand that your patience has run out with Aminex. I am amazed mine has not. The trouble is that the story gets better and bigger and I believe. I also think that the belief (in the geology and latterly the new (NEW, HAH) management) has been vindicated.

I would urge you to hang on for more than just a small profit.

We will see low teens here easily and if N3 is a success high teens and beyond.

So being a bit more active and having made some money at 7.5p and then in some other shares that money is back in Aminex now. If that money is actively tradeable so be it, I am comfortable with my core holding which is now larger than it was (and my average is reducing all the time). But if it is not a trading fund so be it too and it can be here for longer term.

FWIW I think Autumn to Christmas (with a spudding next drill in July) is the crunch time.

So what I am really saying is that you don't have to be either A or B you can be flexible and both when it suits.

Good luck to you.

[monstermunch1] 26/4/2017 11:53

Unfortunately, on any boards, facts are few and far between. There are better places to gather facts and make sound judgements on investing. Personally, having held for a number of years, I continue to hold some. If no bid comes in for aex, then in my view they are overvalued. My 'hanging around' is on the basis that aex will get taken over; would suit someone like Ophir.

[el_dorado] 26/4/2017 11:39

What I do or what other investors do is often based on available facts about the bigger picture at a given time. It's then a bet on the future and timing is always important. I have no other agenda than read other peoples opinions and tips, evaluate them, and sometimes share some of mine. I'm not in love with any company like many on this forum seems to be.

I'm in love with my wallet.

[monstermunch1] 26/4/2017 11:20

El D, is aex overvalued? Who knows, don't really care. If it is, sell, if you don't hold but are waiting for a lower entry position, fair enough; but don't hide behind a cloud. If it's neither, then one may question your reason for being on this board.

[haggismchaggis] 26/4/2017 10:12

Peter, my point too. Seems El D doesn't get it.

[edgar222] 26/4/2017 09:49

Welcome to Aminex.....to all newcomers

For what it is worth (and I hope this helps) I am a LTH (11 years) here and have bought from 22p down to 0.85p.

If you take the medium term view all is rosy, the company is no longer in danger of going bust and we are proving up massive assets. The next drill will be the big news. Phil Thomson (ex director) who helped save the company with his own money has left and is cashing in. Well deserved profit and good luck to him. When he stops selling the stock will have a clear upward path.

I have not felt like this about Aminex since I piled in at 0.85p. The difference is that this is much much MUCH less risky investment now than then. I am buying and will continue to do so (funds-allowing!). I think that at 5p the share and future prospects are very undervalued.

So don't watch the hourly movements. Buy and hold. The timescales are not another 11 years but approx. 6 months.

GLA

[greyingsurfer] 26/4/2017 09:44

AEX has a GSA but no agreed volume or time schedule.
WRL has a GSA for 80 mmscf/d, increasing to 130 mmscf/d after 9 months.

As I see it, the only company to benefit from increasing demand over the next 12-18 months will be WRL.

Incorrect el D.

M&P (+WRL) have a GSA that allows for possible increases of up to 130. They recently reported their production had been restricted as TPDC wanted to take production from elsehwere (KN-1 presumably). The KN-1 GSA has no fixed upper limit. It's quite clear to all that the limits on demand are limiting production at both sites. As demand increases, which is is, there's every reason to suppose that production from both site will be ramped up.

More significantly in terms of AEX valuation demand is likely to outstrip production capacity from all three current producers over the next couple of years, which is why Ntorya is significant to both AEX and Tanzania.

Peter

[blackgold00] 26/4/2017 09:39

the ? mark hanging over solo and providing the uncertainty for the shorter's to influence the market, is, if they don't farm-out then they will need to raise funds fore NT-3.

[blackgold00] 26/4/2017 09:34

PT, a distressed seller ? well it does looks like he wants out, but at what price?

[gerryjames] 26/4/2017 09:30

What's the gang called Haggis? Do you know yet? MM13

[haggismchaggis] 26/4/2017 09:25

Brian, shorted because the MM's or brokers leaked it out to shorters that there's a distressed seller, that allows the shorters to push the price down, meaning MM's and brokers with the help of shorters then squeeze the seller out at the lowest price. Once the seller is cleared the shorters close and go long, the MM's walk the prices back up, making more and more profit from the cheap stock they picked up. Lowlife is one of their gang.

[monstermunch1] 26/4/2017 09:18

Lowly, the big mahongy is on this getting snapped up; yes it may be overvalued, but if a significant size is confirmed and proven, then a bit like Dominion, aex will be no more. Your comparison with wentworth is not relevant.

[brianp14] 26/4/2017 09:12

The likely scenario is we are being shorted. All the classic hallmarks here & solo.

[haggismchaggis] 26/4/2017 09:09

Absolutely. I'm also sure we'll be producing gas to trucked CNG for local industry from N1+N2 before we're pumping gas from those wells into the pipeline.

[gerryjames] 26/4/2017 09:02

LOL...are you sure? Are you suggesting fair-play.

[haggismchaggis] 26/4/2017 08:51

El Dorado, that's the most ridiculous analysis I've seen since lowlife's posts!You don't seem to understand that Tanzania will give equal production increases to those with spare capacity, so if WRL gets 10% more, so do AEX and ORCA. The Tanzania Government need to keep ALL players onside and happy.

[lowflow] 26/4/2017 08:41

haggis, I thought you had filtered me. I am flattered that you can't resist reading my posts.