Aminex Share Discussion Threads

[pj 1] 04/7/2017 10:28

I really thought we had seen the last of SueYou. All good things come to an end I suppose.......

FWIW Ritson was extremely supportive of AEX at last weeks presentation. He would not confirm they are targeting oil but reviewing the optimum place to drill.

[dan_the_epic] 04/7/2017 09:20

Probably should've said just gas.

[dan_the_epic] 04/7/2017 09:19

If anyone genuinely thinks the Tanzanian investment climate for oil and gas looks good, then I'm Donald Trump

[gerryjames] 04/7/2017 09:12

Oh! Here we go again... the old Colonial Masters dictating how to behave and not stealing the investment money will be "a lot of hard work".

Hard work and poverty!

[greyingsurfer] 04/7/2017 09:06

Due to the ineffective Tanzanian institutions I do not see any offshore FID for a very long time.

I think you may well be right.

So I'm pleased that Aminex's assets are all onshore!

Peter

[jskabo] 04/7/2017 08:42

When oil was discovered in the North Sea Norway saw transformation of a professional shipbuilding industry into offshore. Tanzania has what?

Statoil's wonderboy and Tanzanian country manager Oystein Michelsen is obviously extremely frustrated and has probably pleaded for help.
This is not the first time a Norwegian minister has been in Tanznia with the same message: there is a lot of work ahead before the offshore finds can be harvested.

Due to the ineffective Tanzanian institutions I do not see any offshore FID for a very long time.

[warbaby43] 03/7/2017 15:05

Some may recall from back in 2014 the fuss kicked up and the allegations flung, stoked up by the Guardian and a gang of London Corbynistas under the name of the Royal Africa Society, all relating the 2007 PSA with Statoil.

[blackgold00] 03/7/2017 12:52

hmm, well i'm hoping that the BOD is at least.

[dan_the_epic] 03/7/2017 11:14

Because your average Aminex investor is more clued up than the average industry veteran!!!

Yep!

[lfdkmp] 03/7/2017 10:53

.....yet. :-)

[edgar222] 03/7/2017 10:39

Who knows what is going on behind the scenes? I certainly don't.

But a reasonable take on it is that Solo have failed to sell or farm-down their Ntorya / Ruvuma licence. That is based on the recent announcement on fund-raising for the purposes of "defending" their licence share.

That is the formal news. The rest is conjecture based on informal news and interviews with Ritson et al

NR tried to farm-down or sell and failed (this tallies with the formal news). he has been forced to stay in the Ntorya plans but knows he has already blown the funds that would allow him to do so on Helium. Which may be a great investment but is nowhere near monetisation.

Any farmouts or sales from that position of weakness would obviously not be in Solo's interests. Hence the new fund raise.

If that fund raise does not go through Solo are at risk of defaulting on their Ruvuma licence commitments and losing the lot.

In the meantime Aminex are "ready to go", have done their work, have got their funded plans in place and have allowed their partner some time to get their act together (as is right). But if this is all correct then my patience is wearing thin with Ritson (having been a defender of his). And I suspect Aminex who have their eye on the prize feel the same. You cannot grow to be a mid-cap producer with these issues holding you back.

So it is coming. And it is going to be very good news. I would almost say it is imminent. But I won't .

[blackgold00] 03/7/2017 09:27

i don't know about the punters, but maybe the trainers/owners are. too many shenanigans to throw you off the scent

[lfdkmp] 03/7/2017 09:20

Some of the punters at the bookies are every bit(and more) knowledgeable about the objects of their investments as the average punter on LSE/AIM .

[blackgold00] 03/7/2017 09:08

yes gerry, its all a gamble, the question is how does one mitigate against the risk, for me after assessing the pros and cons of a company, the investment shouldn't be more than you can afford to loss

[gerryjames] 03/7/2017 08:48

Yes it's a bit like gambling, funny you never see "investors" at the bookies.

[blackgold00] 03/7/2017 08:35

now SOU takes a hit, on the Badile well results. its not easy being an investor especially in small cap oil and gas, the risks and rewards are both very high.

[dan_the_epic] 02/7/2017 14:29

What you've copied doesn't actually support what you interpreted.

[driver101] 02/7/2017 11:52

I know it's been said, this statement from SHG to its shareholders last Fri shows that the new legislation will have limited or no impact on AEX as we do not export.


("Shanta" or the "Company")
Proposed Tanzanian Legislative Changes
Shanta Gold (AIM: SHG) notes the publication of draft legislation tabled in the Tanzanian Parliament on 29 June 2017. The proposed legislation recommends changes to the legal framework governing the natural resources sector in Tanzania. We understand that this legislation is to be debated by the Parliament in an extended Parliamentary session. In addition, Parliament has approved the new Finance Act, which will impose a 1% clearing fee on the value of all minerals exported from the country from 1 July 2017. Shanta will seek advice on the proposed changes and will provide further updates as appropriate.
Enquiries:

[warbaby43] 02/7/2017 08:17

The climate of the times:

[bunbooster2] 01/7/2017 12:26

Nice link, warboobies. So Kinyerezi II is planned to started 30W production Dec 2017 with full completion Aug 2018.

[bunbooster2] 30/6/2017 23:10

I've seen different dates thrown around - one was December 2017 but most just say 2018. First time I've seen that specific deadline of Aug/Sept 2018 but yep, I'd be surprised if it doesn't take till November next year. (Although if they started Kinyerezi II in March 2016 and it's 65% done then it seems to be ahead of schedule depending on what they mean by 65%).

On another point regarding the recent parliament act only affecting exporters who are under reporting volumes. Still find it worrying. Wouldn't that be handled by existing fraud law or couldn't they have a more targeted act? The wording just seems to be we can rip up contracts if you annoy us. When you're putting in tens of millions for drilling or billions for an LNG that brings uncertainty.