Aminex Share Discussion Threads

[dunderheed] 26/6/2018 08:39

Yes apologies for not replying earlier.
Rather than answer the question with regard to normal business sense as CP (as you know I think this is something lacking at aex!) I would say simply I do not have a clue but de-mob costs are something you can negotiate with regard to programme length/third party involvement? I would imagine any rig supplier would have a long hard look at cash flow issues before even starting negotiations?
They may have some 'solution' with regard to mob but that would be more innovative. Again for obvious reasons not confident with that either.
There could potentially be so many 'moving parts/other party interests' that any speculation at this point is not worth the effort.
As ever all above imho and dyor of course.

[cperkin] 26/6/2018 08:31

I get your point pete, but either the Zubairs provide through the farmout or the Pi's will shoulder the cost, so I don't see it as a show stopper myself, providing aminex can cover the initial payment of course and hence the question. The total cost wet and dry should be in the region of $20 million, I am not clear on how much of that is rig costs, but surely a relatively small %?

[stinkypeet] 26/6/2018 08:27

CP, just one question; would you knowingly put 20% down on a new car and commit to a delivery date if you knew that you couldn't keep up the payments? I doubt it and I doubt Amine will either - until they know that they have funding in place.

[cperkin] 26/6/2018 07:12

Rig tender and spud date. This is due by Monday (The start of H2) is it not?


Probably a question for Dunder, but I assume that on award of any contract that a sum is paid up front in the region of 20% for the first well to cover mobilisation costs?


Thanks in advance.

[ronwilkes123] 25/6/2018 17:33

The correct action dunderI'm sure cperkin with his 13000 lse posts, aminex fan boy twitter will be on here

[dunderheed] 25/6/2018 17:12

Most of us don't frequent mental central much now, that is why Ronny.

[ronwilkes123] 25/6/2018 17:10

Jay bhattajee is going to get you Jay bhattajee is going to get you He's going crash the spWhen no news appearsJay bhattajee is going to get youTONIGHTWHERE IS THE NUWSCan I ask why no one is kicking off about the poster allegedly with insider info on the lse

[dunderheed] 25/6/2018 11:12

If the work-over option is true, they should have done this and argued about the cost recoverability later. Why so long to hear about this and reasons for not doing so?!
In 'theory' they would have had agreed production profiles to adhere to and possibly be liable for with regard to delivery. I have no idea about the liability thereof?
I hope the 'money owed / calculation discrepancy or whatever' isn't linked to this lol!!
So normally if pre-agreed production profiles and delivery, crystallise that, then argue about costs later or, you could be exposed to deliver or pay liabilities/obligations?
I have no idea but we will find out soon enough.
All imho and dyor.

[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.

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