Aminex Share Discussion Threads

[slepy] 02/5/2017 09:08

I guess you have a buy order for 4p then?

[lowflow] 02/5/2017 09:01

As I predicted, the stock is breaking the 5p level big time.

Investors are starting to catch up with the reality that Aminex is probably the most overvalued E&P stock listed in the UK.

The stock will most likely go down to low 4p or break down below 4p within the next weeks.

[slepy] 02/5/2017 08:54

400bcf and we drop below 5p. Unbelievable.

[blackgold00] 02/5/2017 07:54

and a drop of Jamison or two : )

[gerryjames] 02/5/2017 07:44

Ok you've persuaded me with the lure of beer. See you there BG.

[blackgold00] 02/5/2017 07:20

who is going to the AGM? a pint of Guinness or 2 could go down well along with news of a N-3 spud date.

[gerryjames] 02/5/2017 07:16

I gave up booze last Thursday. For a bit and spent the weekend sweating. Thanks for asking. OK not entirely responsible but you get my point. You know you can be forcefully bullish.

[gerryjames] 02/5/2017 07:07

Yes you have anoyed him. By being rude. Shame about Higgins.

[haggismchaggis] 02/5/2017 06:59

Gerry, big spread betting and CFD's in one direction do affect the price, because the spread betting companies will hedge the bets with actual stock if enough bets are placed in one direction (the spread bets or CFD's have not cancelled each other out, so there is big exposure on short or long trades), it says so on the spread betting websites.

[gerryjames] 02/5/2017 06:54

I'm sure he'd say if he was able to. It's your fault he's here. Haggis. There are many good posters able to deal civilly with his concerns going forward. It's why historically this has been an informative, amusing and well respected thread. Good morning, by the way,

[gerryjames] 02/5/2017 06:50

It's personal Jamie. Nobody is short on this. Well not above 0.2% or we'd know. Spread betting and cfd's don't affect the price.

[jamiedodge] 02/5/2017 06:40

I ask myself why lowflow wasn't posting this stuff when the share price was over 7p. I asked him but he seems unable to answer the question. Can't figure out why....

[temmujin] 02/5/2017 00:49

solo seems way undervalued compared to AEX...THEIR HORSEHILL ASSETS arent even priced in so any good news on that could see them fly

[shabbadabbadoo2] 01/5/2017 23:44

low - you are welcome to your opinion, but can you PLEASE stop posting it every 5 minutes in the board? You just look like a complete tool - and therefore your opinion goes down in my estimation.

[seanp] 01/5/2017 23:06

s dingle

Have holdings in Aminex and SDX Energy. Am interested in their relevant valuation in terms of production, cash flow and reserves. Does anyone have a comparison of same?

[lowflow] 01/5/2017 22:52

Reality has begun to catch up with Aminex and its shareholders.
-> Aminex is app. 4x as expensive as its closest peer.
-> Next piece of news is likely to be related to the pressure depletion at Kiliwani North.
-> Nt-1 and Nt-2 won't come on production in the medium term future, due to 1) Very slow permitting situation in Tanzania, 2) The Tanzania domestic market is already oversupplied with Orca and Wentworth having available capacity.

Stock will most likely continue to fall this week down to low 4p.

[haggismchaggis] 01/5/2017 19:25

Good news week?

[dan_the_epic] 30/4/2017 09:45

Just running through a few calcs, on the Kiliwani side, with TPDC taking their 5% by the end of 2017, I guess that Aminex's interest should be knocked down by 2.87% for calculation purposes on NPV of future KN1 cash flows. Don't expect TPDC to have to stump up any costs upfront as AFAIK they covered the majority of development costs to date with the wellhead scheme etc.

Not missing anything there am I?

[dan_the_epic] 30/4/2017 09:42

Thanks on the Nyuni side guys. Presumed it was 93% 7% etc.

Don't think that the Kiliwani side is satisfactory though. Thought there would have been something before the event, not after and hidden away in the results statement.

[foolsandcows] 30/4/2017 09:25

'Participants in the Nyuni Area PSA, pending the formal transfer of a former partner's interest, are expected to be: Ndovu Resources Ltd. (Aminex) 90% (operator) and Bounty Oil & Gas NL 10%.'

'Participants in the Nyuni Area PSA are: Ndovu Resources Ltd. (Aminex) 70% (operator), RAK Gas LLC 25% and Bounty Oil & Gas NL 5%.'

RAK Gas did not want to participate in the 3D seismic.