Aminex Share Discussion Threads

[ronwilkes123] 01/7/2018 10:21

Wasn't it cperkin who said the X-ray comment

[ronwilkes123] 01/7/2018 10:20

Dunder you seen the post on lse looks like drewky or cperkin may be in major bother

[dunderheed] 01/7/2018 09:43

BB2 68447, I am sorry to say that is a ridiculous statement to make. You should know full well ALL IP reports both internal and third party become the ppty of government if AEX lose their licences.
The government can easily 're employ anyone as third party consultants as well, to market the blocks later.
This would only be in the extreme and unlikely case of relationships breaking down to that point between Aex and the government that the government have lost full confidence in them.
I feel the Aex mgt have mucked things up (for many dufferent reasons) obviously but, not to the point (yet!) of losing operatorship in Tanzania, this is brinksmanship between the two parties concerned.
It has started to worry me, personally, why other operators do not seem to have so many difficulties with 'government' as well so let's wait and see. Hopefully a little more will be revealed prior to or at agm?
All imho and dyor.

[blackgold00] 01/7/2018 08:01

27 June 2016 Ruvuma Update
Aminex "is pleased to announce that it has completed discussions with the Tanzanian Petroleum Development Corporation ('TPDC') in relation to extending the licence term for the Mtwara Licence of the Ruvuma Production Sharing Agreement ('Ruvuma PSA') which was due to expire late December 2016. A one-year extension has been approved by the TPDC, which is processing the extension for Ministerial approval and signature."

"Furthermore, the Company has completed discussions with the TPDC with regards to transferring the drilling obligations in the northern Lindi Licence covered by the Ruvuma PSA into the southern Mtwara Licence, which includes the appraisal area for the Ntorya discovery. With the support of the TPDC, the transfer of the Lindi drilling obligations to the Mtwara licence area is also being processed for Ministerial approval and signing. Thereafter, the Company intends to drill the Ntorya-2 well to satisfy the appraisal drilling obligation and then to apply for a 25-year development licence subject to its success."

it seems to me, now Aminex has agreed to relinquished the Lindi PSA which would had been approx 50% of the Ruvuma total and which is the going rate to concede each time a PSA licence period expires, then it seems obvious Aminex must had negotiated this relinquishment with the TPDC in order to retain/extend the Mtwara PSA, and would justify them stating, (The Company expects to receive an extension to the Mtwara Licence). the only question i have is, now the Lindi has been relinquished would those drilling obligations transferred to the Mtwara now cease to be, no doubt we'll know soon enough.

prelims
"The Company expects to receive an extension to the Mtwara Licence, possibly until January 2020, during which time the development licence for Ntorya is expected to be finalised. Aminex is also pursuing the TPDC's recommendation to apply for an entirely new production sharing agreement over the Lindi area where the current licence expired in January 2017 and for which the Company has been negotiating an extension or renewal terms."

[ronwilkes123] 01/7/2018 06:33

I'd say rumuva psa needs to be extended before anything else as the farm out depends on it

[bunbooster2] 01/7/2018 05:45

Yeah, the license renewal situation is interesting. Has anyone seen similar experiences at other resource companies?

Technically Aminex has no license over the Ruvuma assets right now. That's just a statement of fact. Pragmatically though they have the intellectual property, de facto right (if the Tanzanian government were to give the license to someone else then it would discourage investment). Anyone else coming in would take years and many millions to recreate the IP Aminex already has - which is a valuable asset and a huge part of what is being farmed out.

Mostly likely scenario I see is that Ntorya dev license is granted, Ruvuma license is extended and Lindi is granted to Aminex but on less favourable terms. Hopefully within 2018, but until demand increases there isn't necessarily a rush.

[shabbadabbadoo2] 30/6/2018 23:26

oneday - just press filter like everyone else has.

[ronwilkes123] 30/6/2018 16:55

I always qualify everything - everything I write is merely an opinion

[onedaysoonmaybe] 30/6/2018 16:54

That's fine. As long as its clear that is your assumption/opinion. There is nothing to suggest the license wont be provided be that an extension or full dev, although suspect the dev may be a way off yet.

[ronwilkes123] 30/6/2018 16:49

Or even 2016 was it the last time a licence was renewed

[ronwilkes123] 30/6/2018 16:48

My assumption is based upon the fact that there has been no licence renewal since last year - hence my assumption

[onedaysoonmaybe] 30/6/2018 16:45

Answer my question please.

[ronwilkes123] 30/6/2018 16:36

This is my assumption of the accounting rules where you can't keep assuming you'll be getting a licence

[ronwilkes123] 30/6/2018 16:35

As I say I make that my opinions are based on my own assumptions based on the declining share price the share price and the story seem somewhat detached if the story is as it seems imo

[ronwilkes123] 30/6/2018 16:31

How is that not factPlus in accounting the company as a going concern cannot continue with assumptions over mwatra KPMG won't sign off aminex as a going concern if the licence issues are not concluded

[ronwilkes123] 30/6/2018 16:30

Nyuni and kilawani are worthlessThey don't hold a licence for mtawra and Lindl has been given away

[stinkypeet] 30/6/2018 16:24

I haven't been here for a day or two and wished I hadn't bothered today either; I see the village idiot has been let out again.

"That's a fact mate"

It seems the idiot doesn't know what a "fact" is!

And seems to think that we will have lost both the "Nyuni: and 'Kiliwani" licences by next year too..... can anyone tell me when that fact was announced?

[ronwilkes123] 30/6/2018 15:40

Have you gone bearish cperkin you don't seem as bullish anymore. Have me and Apache finally turned you The thing is I think aminex can't not have a licence next year or those accounts won't be signed off - or as it's commonly known bustThat's a fact mate

[ronwilkes123] 30/6/2018 15:18

I'd say aug/sept to go bustThe Tanzanians don't want aminex to have any further licences

[cperkin] 30/6/2018 14:04

Thanks,

They just published their accounts so clearly not or is this your prediction for the near future?

[ronwilkes123] 30/6/2018 13:53

Will doWill you buy me a bottle of champers when the market cap of aminex is 35 mil ? When you congratulate the bod at the agm for a job well done and don't mention any of the current serious issues. When Brian Hall does his presentation about an area in Tanzania aminex doesn't even have a licence for.I may even contact kpmg and ask regarding the continual rolling over of the licences in the accounts even though they still haven't been received. How can aminex continue to account for something they do not haveBUST

[cperkin] 30/6/2018 13:11

Let me know if you gest a response please. I met their legal the other week and the response will go through them no doubt.

[ronwilkes123] 30/6/2018 12:16

Aminex has no licences and rapidly deceasing finances. That increased bod needs to be paid for - no immediate farm out imo judging by the share price Must be up there in the top 10 businesses to go bust before XmasCperkin I spoke to solo pr yesterday as they forgot to mention at all the tanz govt royalty claim - a major error one of many it would seem