Aminex Share Discussion Threads

[dan_the_epic] 29/4/2017 15:22

See, you'd THINK that was price sensitive news and that Aminex would be LEGALLY OBLIGATED to release it

Apparently not.

Shocking corporate governance.

[foolsandcows] 29/4/2017 13:14

A new wellhead control panel was installed at Kiliwani. Production was shut down Late Jan to early Feb.

[haggismchaggis] 29/4/2017 10:36

Temm, not in a week they didn't, which is what you were ramping it on. Less than 1% of AIM shares ever hit broker targets within the timescale they are talking, because profit is taken before the price reaches 75% of the target, so the target for investors is 3p not 4p. Besides that, nobody knows what the results are yet. The samples were sent for analysis on 19 April, so the rise since then is the market pricing in the results, it's not 4p yet, let alone 3p, which tells you what the market is expecting from the results!Their CEO spoke at an investor forum on 20 April, what he told the Institutional Investors didn't get the price to 4p, let alone 3p, so why should anyone take what you're saying with anything more than a massive pinch of salt?They are also constantly raising cash and will do so again if drilling results are good enough, so perpetual dilution that will keep the price from reaching 3p any time soon.

[kryptonsnake] 29/4/2017 10:35

el_dorado29 Apr '17 - 00:52 - 63442 of 63455 0 1 (Filtered)

Another Wentworth ramper! What is it with Wentworth and AEX? Don't know anything about them, but there appears to be a few posters about that are obsessed with comparing the two. Clearly some frustrated Wentworth holders out there!

[temmujin] 29/4/2017 10:32

dan..is that why sula's drilling company is taking wages in shares...think about it,if you was a driller you would have to be very certain that there was massive gold down there to take wages in shares..and they will be working like mad dogs to prove it up..assay results next week

[kryptonsnake] 29/4/2017 10:32

I certainly wouldn't take investment advice from Temm. Last week he got a margin call on his account due to SOLO falling so much, and it's fallen further since that post. Not long ago he was on here trying to convince people that SOLO was the better choice lol.

[temmujin] 29/4/2017 10:05

yeah but solgold went from 1p to 44p...and they are not mining it yet...SULA will be similar world class deposit...trust me..could easily spike to 5 to 10p

[temmujin] 29/4/2017 09:39

haggis..you turning down a 6.6 bagger then?

[edgar222] 29/4/2017 09:31

Day job got in the way of the Aminex dream this week so here are some things I think about the final results, FWIW

1. Consolidation. A lot of nonsense gets talked about consolidation on bulletin boards. It is a neutral manoeuvre and if the Board think it will help then do it. Will have to change my life changing level from 8p to £1.60 but I should be able to retain that thought. New target price £3.00 (15p in old money).

2. This from the results confirms to me that N3 is happening and I am delighted (they are only considering N3 depth not whether to proceed):

"The results of the Ntorya-2 well test, announced since the year-end, endorse the Board’s belief in the quality of the assets held by Aminex in the Ruvuma Basin. This well was drilled to a final total vertical depth of 2,795 metres and at 2,593 metres encountered a gross gas-bearing reservoir unit of approximately 51 metres with significant gas influx and high associated pressures. The well was tested and flowed dry, high quality gas at an average rate of 17 MMscfd (2,833 BOED) on a 40/64” choke. Strong pressure build-up occurred in all instances during the well test. Ntorya-2 also encountered traces of oil in the gross reservoir interval and the Company is updating its basin model to determine the optimal drilling depths for Ntorya-3 and for future development wells. Post analysis, Aminex will be able to revise its interpretation of in-place volumes.....

....Following the success of the Ntorya-2 well, the interpretation of results will be used to finalise the design for the Ntorya-3 well."

[edgar222] 29/4/2017 09:24

Wow this board is becoming like Solo's....by which I mean most posts are filtered to me!

[foolsandcows] 29/4/2017 08:42

hxxp://www.mtwara.go.tz/new/ndovu-resource-watumia-milioni-720-kusaidia-maendeleo-mkoani-mtwara



About £250000 in aid to date..

[haggismchaggis] 29/4/2017 07:29

Temm, p.s. That stock is 0.6p ASK, so even in the extreme off-chance that it got to 4p ever, that would only be a 6.6 bagger, not a 10 bagger, not 1000%. I suggest you buy a new calculator and stop using out of date calculations!

[haggismchaggis] 29/4/2017 07:23

Dan_the_Epic28 Apr '17 - 22:57 - 63437 of 63444 1 0 (Filtered)

el_dorado28 Apr '17 - 22:58 - 63438 of 63444 1 1 (Filtered)

Dan_the_Epic28 Apr '17 - 23:00 - 63439 of 63444 0 0 (Filtered)

el_dorado28 Apr '17 - 23:32 - 63440 of 63444 0 0 (Filtered)

Dan_the_Epic28 Apr '17 - 23:58 - 63441 of 63444 0 0 (Filtered)

el_dorado29 Apr '17 - 00:52 - 63442 of 63444 0 0 (Filtered)

[temmujin] 29/4/2017 01:18

yes 4p target !

1000% upside !!



Sula Iron & Gold (SULA LN)#

The remaining drill holes of the Ferensola gold drilling program have now been assayed and the batch two results released. Multiple intercepts in several holes with grades up to 12gAu/t over thicknesses of 0.4m to 2m were encountered. Seven of the ten total holes completed had gold mineralization greater than 0.5gAu/t and, along with historic holes, define multiple shear zones over an indicated strike length of 350m.

SULA had previously forecast a target potential on the program of 0.8m to 1.5m ounces with a grade between 4g and 8g gold/t. We emphasize that the length-weighted average of the mineralised intercepts, including re-assayed drill holes, in this program comes to a grade of 4.48gAu/t with an average width of 1.5m and true thicknesses of 0.4m to 7.1m; within the range of average grades anticipated in SULA’s pre-drilling forecast. We also highlight that just 25% of the known mineralised area has now been tested. Furthermore, this section was chosen for the initial gold drilling programme due to the prior historic work rather than it necessarily being the most prospective. There is therefore significant potential remaining within the exploration target while grab sampling has indicated further mineralisation 2km to the South of the current exploration target.

We are encourage by the progress made toward the exploration goals established and believe there is significant further geological potential.

We re-iterate our Speculative Buy recommendation and 4p price target.

[dan_the_epic] 28/4/2017 23:58

Yes I don't disagree, but should look more at long-term cash flow potential and enterprise values rather than market cap.

[dan_the_epic] 28/4/2017 23:00

Bit simplistic el dorado but admittedly still holds up on the metrics that are relevant that I've calc'd

[el_dorado] 28/4/2017 22:58

AEX vs. peers in Tanzania, ORCA and Wentworth combined

Current Mcap:
AEX: $230m
Orca + WRL: $160m

Net. 2P reserves:
AEX: 154 Bcf (?)
ORCA + WRL: 375 Bcf

Current net. production:
AEX: 8.3 mmscf/d, declining
ORCA + WRL: 56 mmscf/d, increasing

Current net. production capacity:
AEX: 8.3 mmscf/d
ORCA + WRL: 132 mmscf/d

Revenue 2016:
AEX: $4.9m
ORCA + WRL: $76.3m

My prediction is that reality will kick in sooner or later...

[dan_the_epic] 28/4/2017 22:57

To filter those who have a different view = to be ignorant = to lose money.

To understand why the market is mispricing an asset (in your view) you have to understand the contrary view. Lesson 101.

[kryptonsnake] 28/4/2017 22:31

Temmujin is trying to make money after losing a packet on SOLO. Should have stuck with Aex.