Aminex Share Discussion Threads

[gerryjames] 04/8/2018 07:21

Whom would be the TPDC BG. Whom are usually owed money by Tanesco. Whom are also claiming money owed by The Partners. "Without merit". Surpirise, surprise.

8
"Included in trade receivables is an amount of US$6.94 million due from TPDC in respect of Kiliwani North gas sales and interest due on late payment. Aminex's net share of the receivable is US$2.70 million (2016: US$1.94 million). No payments have been received from the TPDC since the year-end. As set out in Note 13(c) to the financial information, Aminex has received a letter from TPDC for certain claims amounting to US$5.97 million for liabilities arising on revenues from gas sales. All amounts fall due within one year."

13
"(c) On 11 April 2018, Ndovu Resources Limited, a subsidiary company of Aminex PLC, received formal notification from the TPDC of certain claims amounting to US$5.97 million with regard to unpaid royalties and amounts due under profit share arrangements which it proposes to offset against the receivable of US$6.94 million owing by TPDC to Aminex at 31 December 2017 (see Note 8). Of the amount claimed, Aminex has already accrued for the liabilities it considers appropriate based on its own calculations of amounts due as at 31 December 2017. Aminex has advised the TPDC that it does not accept the balance of the claims, which include computational inaccuracies. No further provision has been made in the financial statements for the additional amounts claimed as the Directors believe the claims are without merit and are satisfied that the US$6.94 million included in trade receivables as owing from the TPDC will be fully recovered."

[skinwalker] 03/8/2018 20:00

Are Aminex owed money? What for? Have they done anything?

[blackgold00] 03/8/2018 09:37

"where is the money Aminex is owed?"


by whom gerry, TPDC or Tanesco

[blackgold00] 03/8/2018 09:25

yes, haven't you noticed?

[gerryjames] 03/8/2018 09:21

Oh more reliable are they?...where is the money Aminex is owed? You should factor it in. It explains a lot.

[blackgold00] 03/8/2018 08:18

yes and we now have 25% of Ntorya with a Pmean GIIP of 1.87 TCF, and being fully carried to full production of possibly 130 mmcf/d, what could that be worth to Aminex's MC ?

[dunderheed] 03/8/2018 07:50

Slepy wtgr have you worked in BD in o&g industry. Imho, it is almost incestuous and a vast majority of deals are done through 'active ongoing connections' and trust in professionalism.
I have reviewed quite a few deals where the company involved simply didn't like the 'attitude/professionalism' of the promoters and walked rather than bother.
I have no idea but apart from the zubs the rest of the 'crew' hardly have a sparkling c.v. of that many serious external company connections and thus could be one reason why the bod were scratching around for partners?
All imho and dyor of course.
EDIT it doesn't matter now anyway as they are beholden to zubs and I am ok with that. Better zubs than no one!!

[jimarilo] 02/8/2018 22:14

I remember this @ 30p with high hopes

Must have been around 2005/6

[slepy] 02/8/2018 21:24

@Dunderheed when Jay in all interviews says “We looked at all our options” I’m pretty sure he is thinking we had no one else interested and it was either this or nothing.

[edgar222] 02/8/2018 21:07

Agreed, Peter.Solo will be lucky to get to production with 10% I reckon.

[greyingsurfer] 02/8/2018 16:09

Which is more likely, at some point over the next few years, Solo 10 bags to 100 million on 25% of Ruvuma or Aminex 10 bags to 600 million on the same share?

The difference is, BB, that Solo will never get to production holding 25% of Ruvuma (anymore than AEX could holding 75%)

Peter

[ronwilkes123] 02/8/2018 12:20

Lot of 10-20k share trades - £100 a time what’s the point - but if you watch they are always new lows on the sell side - naked short selling here ?

[dbfromgb] 02/8/2018 11:50

The 250k trades are both buys fwiw

[dunderheed] 02/8/2018 11:30

68219 slepy how do you know how this was marketed as them as exploration operators?! Do you know who looked at the data rooms?!
We haven't a clue so I wonder why you feel so strongly about this?
Let me be very clear though I was very happy with this deal. It could gave been a far worse deal!!
All imho of course.

[edgar222] 02/8/2018 10:23

Well said, Slepy.Glad you are still around.

[slepy] 02/8/2018 10:10

AEX tried to farm out for years with no success. Anyone calling this a bad deal is dilusional. I’d rather have 25% of progress than 75% of a company with no future.

[skinwalker] 02/8/2018 08:57

AS5 confirmed (again)

[edgar222] 02/8/2018 08:54

Dont understand "why Tanzania?" Gerry.

[gerryjames] 02/8/2018 08:51

Edgar would have farmed-in. Had they asked him.

[dunderheed] 02/8/2018 08:49

No Gerry. They could have let Aex cede the licence and pick it up for $2mm.
No one else wanted to farm in so why would any entity want to take licence even though not encumbered with Aex as partner, as enticing as that may be lol!
All imho of course!!

[gerryjames] 02/8/2018 08:47

Why Tanzania Edgar?

[edgar222] 02/8/2018 08:37

It was excellent news.Have just bought (just under) 700k shares and will buy more as funds allow.