Aminex Share Discussion Threads

[bunbooster2] 03/5/2017 21:31

Looking at the financial reports current assets at Dec 2016 they had 19.5m (-1.25m being "held for partners") cash at bank, which largely came from the equity raise with funds earmarked for the two wells. I'd say 8-9 m has been spent on NT-2 and the remainder of the firepower is for the next well.

They've told us they are continuing to pay down the loan (in Dec 2016 was 5m, apparently it is now down to 3m) and plan to pay it off by Q3 before the due date on Jan 2018. So I imagine there is some room for flexibility there as well - they could push back loan repayments (and still meet the due date) to free up working capital.

What are your figures Dan?

[dan_the_epic] 03/5/2017 21:10

To whoever downvoted me; I strongly recommend you post what you reckon the current net cash position of the company is.

Seriously, have a stab anyone and we can discuss constructively..... This is the sort of analysis that is in short supply on some of the boards imo.

[dan_the_epic] 03/5/2017 20:12

Have to seriously question the current working capital state of the company. Certainly doesn't have enough near-term firepower according to my calcs to do any material explo/appraisal work.


Suggest you all do some - at the very least - back of the envelope working capital calculations. Doesn't make for pretty reading.

[kryptonsnake] 03/5/2017 18:28

Looks like a lot of buying volume too. I think they dropped the price like a brick to pick up some cheap shares! Some stops got raided today.

[slepy] 03/5/2017 17:21

Over 70mil volume today. One of highest this year.
Bloody hell!

[blackgold00] 03/5/2017 15:36

yes, feels like we've just been raided, calmer seas ahead i hope, so onwards and upwards : )

[haggismchaggis] 03/5/2017 15:07

Blackgold, indeed, strange (not!) how the shorter gangs evaporate once PT stops selling!

[deanroberthunt] 03/5/2017 14:19

in profit on all me buys now...smokin

[blackgold00] 03/5/2017 14:16

trading back to normal again, are we? bloody hope so. i wasn't enjoying seeing my new found wealth evaporate

[deanroberthunt] 03/5/2017 14:02

Malcy likes it, so if it's good enough for his bucket list....

[deanroberthunt] 03/5/2017 14:01

or sideways

[gerryjames] 03/5/2017 14:00

Yes we're in safe hands. (Recent controversy over missives sent and blandly replied aside.)

It'll just take time for development and the price will go up and down. It's becoming a very popular one to trade now it's financials are sound.

[deanroberthunt] 03/5/2017 13:53

bet he can't wait...

[slepy] 03/5/2017 13:46

Might send him an email say hi :)

[gerryjames] 03/5/2017 13:46

They had to use a lookie-likey puppet for AGM rehersals as he's in North Korea. At the moment.

[slepy] 03/5/2017 13:22

So he is still a chairman? I assumed he was gone long time ago.

[deanroberthunt] 03/5/2017 13:16

it feels like there's some news in the wings....

[gerryjames] 03/5/2017 13:16

Only joking slepy, sorry. Yes stepped aside and is now Chairman not CEO. He's the one with the contacts and a very charming and likeable man.

[slepy] 03/5/2017 13:10

I mean when he stepped down as CEO. Surely must be gone, right?

[deanroberthunt] 03/5/2017 13:09

I was fibbing

[gerryjames] 03/5/2017 13:03

Has Brian gone?

[slepy] 03/5/2017 13:02

heeeh gerry, I think our secret mailing list ended when BH stepped down :)

[deanroberthunt] 03/5/2017 13:02

added a few more at 4.04p

[gerryjames] 03/5/2017 12:34

Bun we all emailed each other. Are you not on the list? Sorry.

DRH £21,600 is a lot of money, be careful who you listen to if you need it back in a hurry. I thought you said 2p. 5 minutes ago.

[edgar222] 03/5/2017 12:28

Bun

Your opinion that it has dropped to about 4p is only an opinion.

My alternate fact-based opinion is that the share is currently at 15p.

You hoaxer.