Aminex Share Discussion Threads

[stinkypeet] 25/6/2018 10:54

So, you are conveniently forgetting Dunders the reason that they have no cash and have to go "cap in hand" to the Zubairs is because the TPDC have not signed off on the work programme for KN1, a problem that they did not foresee and for over a year have been unable to remediate. Had the TPDC sign off happened within that period they may (dependant on outcome of course) have the sufficient income from KN1 for C1 and likely as not have been able to avoid the need for an early farm-out....

To suggest that the BoD should have predicted both the need for the KN1 remediation and then the delays in the TPDC sign off I really do think is totally unrealistic and probably unjustified..... I do however agree that unless the BoD is happy and able to explain the reasons for the issues at KN1 and the delay in the remediation thereof, it is more than reasonable to point the finger.

[cperkin] 25/6/2018 10:45

Dunder I think anyone invested is aware, we wait for the Government to issue a licence and the Zubairs to provide some money (or we do) the wait as per usual is indeed enough to drive anyone crackers.

[dunderheed] 25/6/2018 10:39

CP wtgr I know I'm bloody on the point of insanity and have difficulty 'coping' with that, but that's nothing to do with AEX and at least I am aware of my 'problems / limitations' lol.

[cperkin] 25/6/2018 10:31

Do listen to your own advice won't you old chap.

[dunderheed] 25/6/2018 10:23

stinky as I've told you many times before off thread, it is all about mgt and communications and lack of experience - simple.
If it is 'known' that there are timing issues with regard to licence extensions and other decisions - make sure you've got the cash to get through this period without having to go cap in hand elsewhere? If I have to state such things I have much better things to do lol!!

CP really you're quite boring mate, please give it a rest eh, for your own sanity.

[stinkypeet] 25/6/2018 10:09

"Well who elses fault is it?"

If you genuinely need to ask that question there isn't any point proffering a response.... and I really have better things to do.

[cperkin] 25/6/2018 10:01

Got to laugh, PI's with diseases and mental, getting it in the neck, BOD the same for something that is ultimately at the hands of the Tanzanian Government, meanwhile backing up a known cheat.

Couldn't make it up.

[dunderheed] 25/6/2018 09:52

Well who elses fault is it?

[stinkypeet] 25/6/2018 09:45

The license situation? What about it? They cannot farm out without it and they have been "without it" since December 2017..... I suppose you are suggesting that is the BoD's fault too?

[dunderheed] 25/6/2018 09:27

Exactly and need I remind anyone of the licence situation. Lol.

[stinkypeet] 25/6/2018 09:25

If they hadn't totally messed up the KN1 remediation they would never have needed to farm-out until well after the C1 drill. Yes they will need more funds for Nyuni and Kiliwani development but that would have been an easy call if they had satisfied their stated "fully funded" for NT3 drill statement.

[dunderheed] 25/6/2018 09:16

Simple stinky because imho they (aex mgt) could have farmed this down a long time ago ceding operatorship but simply couldn't see the 'real' situation. EDIT, I certainly would have to think about investing further with this team who obviously have f'd up nearly everything they touch. Hence anything will be very heavily discounted.
Again as ever all imho and dyor.

[dunderheed] 25/6/2018 09:14

One day soon, well I don't converse with them except occasionally reply.
You can't sell any volume at 2.4p and my points have always been we could have been in a far far better position if it wasn't for this self serving egocentric (as in could not conceptualise they were not the best team to take this beyond exploration well discovery) mgt.
As ever all imho of course and dyor.

[stinkypeet] 25/6/2018 09:10

So, as I just asked you at "mental central" why should whatever TRIN has done in any way indicate what the AEX BoD may do; moreover why even would you consider a "fi=und raise" to be a surprise? If the farm-out is not concluded very soon the AEX BoD are going to have to raise money from somewhere and some might even argue that a "placing or open offer" is preferable to a farm out (ahead of C1)... Indeed what is a farm-out if not a dilution? The number of shares may not rise but the assets owned by that same number of shares has been reduced. Either way the money raised will be at a big discount to the real value of the underlying assets; it is just that with a placing that discount is just more obvious...... ;0)

[onedaysoonmaybe] 25/6/2018 09:06

Dunderhead, share price in August 2016 was 1.3p roughly and now in June 2018 is 2.4p after a year of planning and preparing to capitalise on quite a large discovery. Not a bad return and plenty to come if the plan unfolds. Again, I question why you support an obvious troll who's posts are childish and ill thought.

[football] 25/6/2018 09:04

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[dunderheed] 25/6/2018 08:53

Oh mate I'm a little bit p'd off this morning and disappointed.
I had utmost respect for that mgt team hence am (perhaps bizarrely) a little concerned now 're Aex.
I get your point re conversations but at least Ronny posts are succinct, to the point and so far correct.
Best of luck all. I think I'll go and have a look at some of my other interests today!!

[stinkypeet] 25/6/2018 08:44

No I appreciate that Dunders but then our Ronny's "transfer" to the other side has hardly raised the levels of conversation and debate over here either has it?

[blackgold00] 25/6/2018 08:25

Yes stinky Pete, and I've started to talk to the fairies, l really don't know what's become of
us all.

[dunderheed] 25/6/2018 08:21

Stinky don't worry mate mental central isn't called that because of Ronny?
I think that self realisation may be part of the problem but I'm not a psychiatrist.
Not very happy with 'strange' fund raise over at trin and had massive respect for that mgt team. Am hoping a value adding acquisition on its way?
Came a bit left side and starting to get concerned what 'left side' this motley crew may come up with.

[stinkypeet] 25/6/2018 08:15

And now, you lucky ADVFN posters, you have the village idiot over here...!

And it is the LSE BB that is "mental central"? ;0)

[warbaby43] 25/6/2018 07:32

The fabled "industrialisation" with manufacturing accounting for just 5.1% of GDP:

[onedaysoonmaybe] 24/6/2018 22:07

No news expected as said in the rns. Early h2 for news.

[ronwilkes123] 24/6/2018 21:41

Tomorrow at 7am everyone is excited BUT STILL NO NUWS