Aminex Share Discussion Threads

[dan_the_epic] 20/6/2017 22:34

"If they don't think it's there they won't go for it"

If you take that approach to small cap oil and gas plays you will quickly go bankrupt...

[foolsandcows] 20/6/2017 22:09

hxxps://mem.go.tz/wp-content/uploads/2017/06/HOTUBA-NISHATI-NA-MADINI_NEW.pdf

[foolsandcows] 20/6/2017 21:59

hxxps://www.beaufortsecurities.com/quote?epic=SOLO&tab=news

[tidy 2] 20/6/2017 21:38

I'll leave it to the experts. If they don't think it's there they won't go for it, seems they are tho so suppose this speaks for itself.

[dan_the_epic] 20/6/2017 21:28

30% COS pre N-2. Surely still odds on not to hit, geologically; bit of a risk to go into an exploration well with 100%. Isn't that what Jay was specifically trying to get away from?

[tidy 2] 20/6/2017 21:25

Well NT2 was 60% cos wasn't it derisked by NT1. So I'd imagine NT2 has derisked NT3. What's your take?

[dan_the_epic] 20/6/2017 21:12

Go on then, tidy. What's the stated Aminex COS for N3?

[dan_the_epic] 20/6/2017 20:09

Err.... Haggis you were still wrong, you failed to factor in that the only reason it has been paid back 'early' is because of the warrant exercise. In fact, do some simple maths and you were WAY wrong.

Apparently it's superb news that Aminex is now debt free... Why? The market cap is over £100m, who cares about whether it's net debt £1m or net cash £0.5m.... it's tuppence.

And that's why the share price has barely budged. That and Kiliwani clearly having more issues.

[pj 1] 20/6/2017 19:35

haggismchaggis
20 Jun '17 - 07:33 - 64464 of 64490    2   2
Who still says my predictions are wrong? Who has me on ignore because they don't believe my predictions?

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haggismchaggis - 06 Apr 2017 - 18:13:35 - 62910 of 64464

The RNS says the debt is down to $3m today. It also says we are chugging along at 16mmcfd at Kiliwani with an average price of $3.25 per Mcf.

At that rate 57 days would see the debt paid off. Maybe a tad longer if they have any costs incurred over the 57 days.

I'd expect Jay to put out an RNS the day the debt is cleared and I'd expect a very positive share price reaction to such an RNS
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I well remember a Poster called ''SueYou'' claiming, and claiming, and claiming, such insight?

[blackgold00] 20/6/2017 16:44

with that news re; the Jurassic potential, the updated basin model has become more interesting now.

"Work on the updated basin model for the Ruvuma acreage is ongoing to evaluate deeper targets and liquids potential in the Basin"

[timw3] 20/6/2017 15:54

o/t URU moving fast now. Senior managment bought at 4.5p and The directors all bought big chunks at 2p. Currently 1.7p and moving on volume.

[driver101] 20/6/2017 15:54

Also back in looking good from here..

[tidy 2] 20/6/2017 15:51

How good is that update.

[blackgold00] 20/6/2017 15:34

THANKS TO BigBang from you know where

("NT-3 is more or less ready to go") ( "the cretatious is big but some of the Jurassic targets could be bigger")

[blackgold00] 20/6/2017 15:15

haggis, if you're concerned about ngms and his holding then i'm sure he sold out in the 60s

[haggismchaggis] 20/6/2017 15:00

HUR still falling, looks like it's fallen off a cliff.

[tidy 2] 20/6/2017 13:51

Back in here today. Brilliant news.

[blackgold00] 20/6/2017 11:27

yes Bun, i think that maybe the £1.6 mill Aminex received when the warrants were exercised back in May, went towards paying down the loan. yes makes sense to get it paid early

[888icb] 20/6/2017 11:19

Aminex becomes a DEBT free PRODUCING Company. The headline to the RNS says it all in a sentence. Very good news and a major milestone for the Company!

[bunbooster2] 20/6/2017 11:14

It does seem to be paid back early. Wonder if they just used some cash from the placing rather than income. Take advantage of low sterling (the loan was GBP, right?) and use the cash efficiently if NT-3 won't be drilled for a while.

[haideralifool] 20/6/2017 09:57

Bun - that back pay must be a tidy sum. So not entirely debt free then.

[blackgold00] 20/6/2017 09:38

well i'm thinking, that with the major off-shore gas discovery's now clearly many years down the road of being developed and if ever being brought ashore, Aminex must be in not just in a strong bargaining position, that is to negotiate any short term development for Ntorya, but also in a unique position in as much as they are the only ones that are active and with the potential to prove up any significant quantity's of gas (TCFs) from their licenses that can go any where near filling the new billion dollar gas infrastructure and or satisfying Tanzania's future potential growth.

in my mind to enable future planing, TPDC needs to know the potential size of Ntorya, so its imperative NT-3 is drilled, but Aminex will not drill it until they get the assurance that NT-1 and 2 will/can be developed for early production.