Aminex Share Discussion Threads

[greyingsurfer] 04/5/2017 12:05

LF makes reasonable point. The buys are v small. Good to see but I'd hope they weren't done as a very half hearted way of improving sentiment. It's quite likely what they actually represent is a window in which they are not in a closed period and are able to trade - something they probably have limited opportunity for at the moment. What is not reasonable, adds nothing to any debate and tells us more than we could possibly want to know about the author is the response from 'earnest...'Peter

[jimbobaroony] 04/5/2017 11:41

Bun?? Sarcasm mate!!!

[bunbooster2] 04/5/2017 11:40

Can I remind everyone about the thread rules regarding colourful language.

[bunbooster2] 04/5/2017 11:39

Well that's quite the turnaround lowflow. Can't say I'm quite as convinced as you but I do agree it's a positive sign. I really think it's rash to "forget about" the value of the assets and other things you list though. Yes, maybe it will come good but let's wait and see eh!

[jimbobaroony] 04/5/2017 11:37

Low,

Yes, it's hardly a fortune for these guys. But as ever, your opinions, as a self disclosed shorter of this stock, should be treated with caution

[lowflow] 04/5/2017 11:14

Management confidence, isnt it great when the mgmt and board of directors are putting in their own hard earned cash in their own company. It gives you the comfort that you are looking for when investing. The only question mark is the size of todays insider acquisitions, they are so small that they could be paid with the Tesco debit card, Mr Bhattacherjee £7413, Mr Hall £9877 and Mr Williams £9999. They are putting in less than a months salary for these guys. Looks like they are trying to do the James Parsons trick, as soon as the share price is falling, he buys a few shares to drive investor confident.

In any case, this really changed the outlook for the company in my eyes. Lets forget about that the asset isnt worth more than 1.5-2p per share. Lets forget about the pressure depletion issues at Kiliwani North. Lets forget about the lead time to get development permits in Tanzania. Everything is great as Jay Bhattacherjee has put in £7413 in the stock and increased his holding with 0.4%.

[edgar222] 04/5/2017 10:32

Glavey

I understand what you are saying but the problem with your argument is that the selling started before news was flowing and from a lower level. News of N2 came in and the selling continued.

He obviously wanted his money out and given that 3p was a 4 bagger for him you can see why.

He helped save the company with his own hard-earned and good luck to him.

I think it is being generally thought that PT is now out and we have stabilised.

[blackgold00] 04/5/2017 10:28

What a difference a day makes, 24 little hours.

[haggismchaggis] 04/5/2017 10:19

They have already confirmed they will drill N3, they said they are using the N2 data to optimise that drill. It may not end up on the pad that's already installed, they might move it 20 meters or even 500 meters, but one thing is certain, N3 will be drilled.

[blackgold00] 04/5/2017 10:01

thats fine GD, nothing Wrong in playing safe, but it generally costs more.

[greyingsurfer] 04/5/2017 09:57

Some conformation is needed from the AEX BOD is when and if they will drill NT-3. It really is that straight forward as I see it!

[greatfull dead] 04/5/2017 09:56

haggis,

CFD'S are for real gamblers. I am not one.

ATB,
GD

[greatfull dead] 04/5/2017 09:54

bg100,

When the AEX BOD announce something positive re- the drilling schedule for NT-3 and NT-2 gas sales I will buy back in.

ATB,
GD

[haggismchaggis] 04/5/2017 09:53

Gerry, someone is (was) lending it or there wouldn't be shorters all over the BB's for days.CFD's are also hedged using the stock."Some providers hedge everything in the underlying cash market. In other words although they are technically the counter party to the client, the relationship is effectively the private investor buying from the institution as the price at which the CFD is booked is always the same as the hedge, which you will see simultaneously in the real or 'cash' market, where equities are exchanged for cash.""This structure makes maximum use of the advantages of an electronic market, as you will be able to trade instantly if you use a trading platform. Trading CFDs is almost identical to trading the real thing. The difference is that the stock bought or sold to hedge the transaction does not appear in the client's name. It stays on the provider's book, which is why there is no stamp duty liability."www.citywire.co.uk/money/the-cfdealer-cfds-and-hedging-explained/a254873

[blackgold00] 04/5/2017 09:48

Greatfull Dead4

"Forget about shorts and hedging. What the AEX BOD need to do is to confirm the companies progress since the last NT-T2 RNS, which IMHO was not good or bad, just mediocre."

"Some conformation is needed from the AEX BOD is when and if they will drill NT-3."

Greatfull, i'm sure they will announce it when they have done their homework and are ready. i think it might still be the rainy season out there as well.



my brackets

"The next well location in the programme, Ntorya-3, was identified from 2D seismic acquired in 2014 and intersects the thickest part of the main Cretaceous channel based on the 2D seismic data currently available. The Ntorya-3 reservoir is expected to be encountered further up-dip from Ntorya-1 and Ntorya-2 and envisages testing a further 323 BCF as independently attributed by LR Senergy gross best estimate Prospective Resource (945 BCF gross Pmean gas in-place) across multi-zone potential. The well pad was prepared following the completion of the pad for Ntorya-2, ( but the well design for Ntorya-3 will depend on final interpretation of Ntorya-2 in order to intersect multiple stratigraphic units in the area which are potentially both oil and gas bearing")

[gerryjames] 04/5/2017 09:05

Yes there'll be a lot back in for the spud. The buying indicates no price sensitive information about the drill yet. There'll be lots of oil talk. The scene set. We've been here before.

[greatfull dead] 04/5/2017 08:55

Haggis,

Forget about shorts and hedging. What the AEX BOD need to do is to confirm the companies progress since the last NT-T2 RNS, which IMHO was not good or bad, just mediocre.

Some conformation is needed from the AEX BOD is when and if they will drill NT-3. It really is that straight forward as I see it! Not directors buying shares in the company to gain PI confidence. That IMHO is just a short term fix as to what the BOD are actually doing on the real front, drilling and selling gas.

ATB,
GD

[gerryjames] 04/5/2017 08:51

I know Haggis. My point is. Who's lending it. We only have one institution who I don't think is lending. Hence it can't be borrowed.

Is there a murkier market under the 3% threshold and 0.2% disclosure? Perhaps. That's why I'm asking Dan. Mutter from the gutter, so to speak.

[haggismchaggis] 04/5/2017 08:39

Gerry, don't differ, learn. Read this, especially the bit about hedging. Spread bet companies stop bets when they are at too much risk, too many short sells not balanced out by long bets and the short sell option is stopped.


www.financial-spread-betting.com/Spread-betting-hedge.html

[gerryjames] 04/5/2017 08:33

Too many short sells? We'll have to agree to differ. I'm interested to hear how Dan managed it.

[haggismchaggis] 04/5/2017 08:29

Gerry, short selling reporting won't show up on those reports, they are not real-time, it will be days before those shorts appear, and if they were only short between 8am and up to 4:29pm they won't show up at all because they weren't there at the close.

As for IG, if everyone is long then the stock would be open to shorting, because IG balances it's risk by having even numbers of long vs short. The reason you can't short on IG is because there are already too many short sells on there and IG won't risk any more.

[gerryjames] 04/5/2017 08:26

Or Brian could have just asked Phil if he was finished. "Is that you done big man?" Or something like that. "No wonder you're smiling"

[haggismchaggis] 04/5/2017 08:24

Blackgold, agreed! The house broker would know which MM the selling was being done through, they would have monitored the sells coming from that MM (just the 1m, 500k, 250k probably) and when they saw at least 100m had gone through since PT's announcement on 9 March, they would know roughly when he's gone, combine that with that MM no longer selling big chunks and that would pretty much confirm it.No point in Directors buying before they were sure PT had finished, as he could carry on selling, negating any confidence the BOD were showing.