Aminex Share Discussion Threads

[lw425] 11/7/2018 11:52

The Farm-Out is also conditional upon Tanzanian government and other approvals. The Farm-Out Agreement is expected to be completed prior to 30 November 2018.

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this will just drift back now.

[haggismchaggis] 11/7/2018 11:51

So my prediction of news before the AGM came true (lol at those who said it would never happen!).Looks like 10p+ this year to me.

[haideralifool] 11/7/2018 11:43

A short while ago I made reference on the SIA board to the Soco of old who had management that did deals on yachts moored off Monaco. It wasn't supposed to be taken literally, but I meant that it had people with 'connections'.

Jay has clearly proven adept at schmoozing the right people. And I rather fancy the chances of Tanz govt approval.

[blackgold00] 11/7/2018 11:39

excellent news, at work at mo, catch up later

[wrecktangle] 11/7/2018 11:38

I think the market likes the fact the company has 1) Released the first monster and 2) Is excited to present the new direction to its shareholders.

Great company and just wait for this rocket to go off. 5p will be a thing of the past.

[wrecktangle] 11/7/2018 11:36

Not with the second RNS and presentation. I have a feeling the company is going to update the share holders with the latest now that the farm-in is sorted. The presentation is going to show the direction of how AEX has transformed.

Keep an eye out for this afternoon.

Rise is far from over.

[wrecktangle] 11/7/2018 11:35

The company is clearly excited by the news. I hope you are attending the call at 2pm. I think its going to be a scorcher.

[barnes4] 11/7/2018 11:34

Going down imo

[wrecktangle] 11/7/2018 11:34

Second RNS:

 11/07/18

AMINEX PLC

("Aminex" or "the Company")

Â

ANNUAL GENERAL MEETING PRESENTATION

Â

Aminex PLC announces that it will be making a short presentation to shareholders at its Annual General Meeting in London today, Wednesday 11 July, at 2:00 p.m. A copy of this presentation will be available on the Company's website or soon after 2:00 p.m.

Â

For further information, please contact:

Aminex PLCÂ

[barnes4] 11/7/2018 11:34

The full fruit rofl

[lw425] 11/7/2018 11:32

This is the trouble with farmouts. On the one hand it adds value and on the other you lost a huge part of the asset.

Also all this will take a long time to implement. Don't be surprised if market sells the spike.

[tmmalik] 11/7/2018 11:32

Wait for 2-3 days to get full fruitIt's just taste day

[oldbronze] 11/7/2018 11:25

great news skies the limit

[wrecktangle] 11/7/2018 11:22

I am sure they will in time but for now, its great to see the board maintaining its senses. That said, LETMEPASS is on LSE doing his thing. I don't think he needs to. The RNS speaks for itself. We've not had a large riser for a while but I got a feeling we may have one today.

[dave4545] 11/7/2018 11:18

I'm surprised none of the usual names have turned up here like letmepass myhakaysor etc etc

[bunbooster2] 11/7/2018 11:14

Another thing to remember is most of the 50% they are farming out they picked up for free from Tullow when they relinquished back in 2012 or so. Of course there has been a lot sunk into drilling since then and lots of dilution. 6 or so years ago Tullow had 50%, Aminex 37.5% and Solo 12.5%.

[duxy786] 11/7/2018 11:11

Va va vooooom

[dunderheed] 11/7/2018 11:08

greying this is a belter of a deal!! The 'development' costs should really be f'all so what we get back is $40 MM for our equity swap. , assuming 'achievable' production profiles based upon supposed reserves.
In the circumstances this is f'ing brilliant!!
I would be disappointed if fellow investors are not equally ecstatic with this news!
All imho and dyor of course!!

[wrecktangle] 11/7/2018 11:05

I concur. It is not every day a company gets a transformational RNS like the one AEX just got. The deal values us at 254M GBP and the MCAP is 106MGBP

150% upside from here.

[wrecktangle] 11/7/2018 11:00

I think we are beginning to see a huge re-rate. I would expect the 52 week high of 5.2p be met either today or certainly over the next few sessions.