Aminex Share Discussion Threads

[oilandgas1] 23/5/2017 08:28

An example of a share consolidation



This seems to have gone well so far ..

[skinwalker] 22/5/2017 22:54

Bless him. He doesn't know how to filter anybody. Why would he? He doesn't know how to do anything else.

[jimbobaroony] 22/5/2017 22:47

Haggis, nobody here believes you filter anyone!

[pj 1] 22/5/2017 21:16

Please filter me for the 12th+ time haggismchaggis. Its obvious your claims of filtering are ....er......unfiltered......

[haggismchaggis] 22/5/2017 20:36

Blah blah blah say the filtered, I guess :-D

[skinwalker] 22/5/2017 20:13

I don't think its an ego issue, it could be delusions of grandeur, or just plain delusions. He certainly seems to have an inflated idea of his importance and intelligence, or at the very least an an exaggerated view of the merits of his scribblings.

[shabbadabbadoo2] 22/5/2017 18:42

Nothing that has been announced recently has surprised me at all. As a long term holder I have never expected things to move quickly. The reasons are IMHO that the company have decided to pay off the debt - which is basically nothing now - but the noise made by the company suggests to me that they have no intention of having any more debt.

So, the company has an income of $10m a year. Delaying things by a year will get them some working capital, so no big problem. The other advantage is that TDPC need gas and need things to keep moving, so AEX waiting for them to make decisions is not a big problem either (and will cost less for axle grease).

[ngms27] 22/5/2017 18:36

What an ego Haggis has.

Talks to himself, then has to post who he's filtered

[dan_the_epic] 22/5/2017 18:18

Not filtered :)

[haggismchaggis] 22/5/2017 18:12

PJ 122 May '17 - 12:03 - 64194 of 64202 3 1 (Filtered)

gerryjames
22 May '17 - 16:52 - 64198 of 64202 0 0 (Filtered)

skinwalker
22 May '17 - 17:08 - 64199 of 64202 1 0 (Filtered)

gerryjames
22 May '17 - 17:16 - 64200 of 64202 0 0 (Filtered)

greyingsurfer
22 May '17 - 17:30 - 64201 of 64202 1 0 (Filtered)

[dunderheed] 22/5/2017 17:49

agnostic wow - never hear it in that context before!
It will be interesting to their POS after all their analysis - possibly gone up from 19% to 25% lol - still probably massively unlikely!
I put their delay to simply getting their geological model wrong and they've had to go back to the drawing board a bit?
Time will tell!

[greyingsurfer] 22/5/2017 17:30

DtE

Caution guys, you're starting to believe in the Haggis oil story.

I don't think anyone is very interested in the Haggis oil story. Or that the view of anyone here matters at all.

What does matter, however, is the view of the BoD. If they think the cos of oil in the Jurassic at N3 is sufficient to take on the extra cost and delay of using a more powerful drill, then they will do so, and they'd be irresponsible not to.

None of us here are in a position to judge, and anyone who doesn't trust the BoD, who have access to all the available information, to make the decision as best they can shouldn't be invested. However, nor should we forget that AEX, and TLW, first started explo at Ruvuma looking for oil. The fact that AEX have since found significantly commercial quantities of gas, and so far no oil, doesn't mean it can't be there or be a target.

I'm currently agnostic on the issue - and cautious - in many ways I'd rather N3 had been drilled back to back and the momentum kept up. However, if there really is reason to start thinking there may be recoverable oil present at the N3 site then it makes sense to adjust drilling plans accordingly.

Peter

[gerryjames] 22/5/2017 17:16

How about Sueyou1.

[skinwalker] 22/5/2017 17:08

Hopefully on an asteroid on collision course for Jupiter. Plonker doesn't get close to describing the stupid idiot.

[gerryjames] 22/5/2017 16:52

@64193

"I believe JB feels the same way"

WTF! Are you on?

[dan_the_epic] 22/5/2017 16:51

Caution guys, you're starting to believe in the Haggis oil story.

Facts to date; no even minor accumulation of oil has properly been found (+ reported) during a drill AFAIK.

Sure a few traces here and there, but a heck of a lot of gas wells have that, and a couple of surface seeps, but anything that seriously provides basis for any commercial accumulation?

No.

[tauroctinus] 22/5/2017 16:48

ER they will do a 1 for 20 consolidation and indicated at the AGM that they
would prefer to do it when the share price is showing some strength, and the timeframe will probably be in 6-12 months from now. They said this was to make the share more attractive to IIs and had the support of the two largest shareholders.

[edwardroger] 22/5/2017 16:34

Can anyone tell me whether Aminex decided to or will decide to consolidate the share price. 20 for 1 was mentioned a couple of weeks ago. Is this still a possibility or is it dead in the water?

[pj 1] 22/5/2017 12:03

They have wasted shareholder funds for years, whilst paying themselves handsomely enough. The frugal and prudent approach makes a refreshing change for this (previously) serial disappointer.

[haggismchaggis] 22/5/2017 12:01

Canigou2, I'm quite happy to see a big partner join the party........ AFTER we find oil.The financial difference between what we could get now in a farm out vs what we could get after finding oil is quite staggering and not something I would want to lose out on. I believe JB feels the same way. Pity NR has made a mess of SOLO funding by trying to do too many things with too little cash, as I'm sure he agrees to, but doesn't have the luxury of being able to afford it, like AEX have.

[canigou2] 22/5/2017 11:57

I'm not disagreeing about targeting oil, but that can come later.

[dunderheed] 22/5/2017 11:57

64189 - yes but then you are no longer in charge of your destiny partner, as far as you can be as Operator in Tanzania anyway!!

[dunderheed] 22/5/2017 11:55

64185, wouldn't surprise me if there were posters / readers on here who could manage the assets better than current incumbents, why would that not be the case?

[canigou2] 22/5/2017 11:52

AEX's best way forward IMHO is getting a big hitting partner onboard. Their % interest in Ruvuma is too high. The best way to get interest is to prove up the acreage. East Africa has a big future albeit someway into the future. A number of big players IMHO would love a slice of the action on an inexpensive onshore play should it be proved up. Geopolitically it would be of great advantage to them, there are many deals to play out before the prized offshore assets are monetised.