Aminex Share Discussion Threads

[dunderheed] 23/11/2018 08:05

Yes sw I cannot see how they can survive that long with regard to cash position?
Surely they've been running on fumes for a long time now (not talking Malcy, Jay and king Muppet ramper pure gas talk either!)
Oh woe is me, what will happen here?
As ever all imho and dyor!!

[skinwalker] 22/11/2018 22:40

Well Gerry, as we all know, he talks out of the part of his anatomy that he ought to be sitting on.
This does not feel good, but then it hasn't felt good for years.
yes 7p was the bubble. Hey ho!

[gerryjames] 22/11/2018 07:53

Is Malcy tryng to call the corruption "intense paperwork". It's progress. "In this part of the world"

[kryptonsnake] 21/11/2018 21:26

Malcy on Aminex today


Aminex

Aminex has announced that the longstop date for the farm-out of Ruvuma has been extended to 31 March 2019 in order to complete the conditions precedent. CEO Jay Bhattacherjee commented that they are making good progress and when completed will give AEX a full carry to significant production and free cash flows with no further recourse to funding.

I recently met with Jay and whilst the time taken to complete the intense paperwork has been irritating the prize is still very much in sight. I know that he understands the pressure that this brings to investors but in this part of the world these things take time and should be taken into account.

[kevjones2] 21/11/2018 08:58

Nah, Gerry. It would need to go a hell of a lot lower for me to put more in and I don't see it going below 1.2p again.

[bunbooster2] 21/11/2018 08:54

How disappointing. Ah well... roll on the next date.

[gerryjames] 21/11/2018 08:53

Second guess Magufuli and make cash from chaos. Come on Kev. Get your wallet out, again.

[kevjones2] 21/11/2018 08:32

Sounds like a good plan, Sandy.

[sandy12345] 21/11/2018 08:29

I think short term holders (those that got in just for the possibility of a November spike) are flushed out on this delay. I see this as a good buying opportunity and have a put a sizeable buy order at 1.45p (if we reach this level).

[canigou2] 21/11/2018 08:19

They will miss the longstop date.

[gerryjames] 21/11/2018 08:14

Just slow?

[greyingsurfer] 21/11/2018 08:10

New longstop date. Not quite the same as a new deal date. Not sure what the initial longstop was, so unsure how big an extension.Still saying they expect to get docs out by end Nov, and meeting by mid Dec, so a minor delay there.Presumably the longstop has been extended as Tanzania are being slow (no great surprise there) with the licence extension.Peter

[kryptonsnake] 21/11/2018 08:09

We're all truly shocked at the delay. Nobody could have seen this coming

[dunderheed] 21/11/2018 08:08

Yep delays delays delays.
Good old aex mgt.
Another 4 months s d jets see what happens then?
No kn1 news??!!
Where is the (running) cash coming from?

[gerryjames] 21/11/2018 08:02

7p was the bubble. Not today Skin. New deal date. Shocked!

RNS Number : 9621H

Aminex PLC

21 November 2018

21 November 2018

Aminex plc

("Aminex" or "the Company")

Ruvuma Farm-Out Update

Aminex announces that, further to the binding agreement signed in July 2018 for the farm-out of 50% of its working interest in the Ruvuma PSA (the "Farm-Out") to The Zubair Corporation LLC, the parties have mutually agreed to extend the longstop date of the transaction to 31 March 2019 in order to complete the Conditions Precedent.

The Company expects to post the Circular to shareholders by the end of November and convene an extraordinary general meeting to approve the Farm-Out in December.

Jay Bhattacherjee, Chief Executive of Aminex PLC, said:

"We are making good progress on the Ruvuma Farm-Out. When completed, this will accelerate development and is intended to give Aminex a full carry to significant production and free cash flows with no further recourse to funding. The Company is moving forward with its planning and preparations for the Ntorya operations, including the Chikumbi-1 well and 3D seismic acquisition."

Ends

Aminex PLC

[skinwalker] 20/11/2018 20:12

well maybe BG, but its a shame none of it found its way into the aminex coffers.
Bring on the bubble!

[blackgold00] 20/11/2018 09:45

(UK house prices fall by £5,000 on average, with south sliding fastest)



"House prices fell by more than £5,000 on average in November, sliding fastest in Britain’s wealthiest towns as Brexit uncertainty gripped the property market,"

of course its got nothing to do with the crazy asset bubbles that's been blown the past 10 years by the world central banks QE, ie; the (bringing into existence of trillions of $ from nothing) which has been used to buy up bonds reduce interest rates to zero, inflating the banks balance sheets which in turn has found its way into the major assets around the world, blowing the biggest Bubbles ever, in stocks bonds real estate, and housing, which is now so disjointed and unaffordable from what the real economy can afford, that is, company's earning and our wages, something has to give.

[dunderheed] 20/11/2018 09:33

Is it true that what is holding up the rig notification is because JB didn't realise what a semi sub was and had been looking at these for latest well onshore?

[dunderheed] 20/11/2018 08:31

Skin of course!!
As long as it's not the bod fault.
It's awfully quiet on MC?
Can someone ask drewky to put his list out?

[gerryjames] 20/11/2018 08:26

Blame the DUP.

[skinwalker] 20/11/2018 08:24

Blame Brexit!

[dunderheed] 20/11/2018 08:00

Blimey its awfuly quiet on here and MC.
Anyone any idea what on Earth is going on?!

[dunderheed] 18/11/2018 12:12

Ridiculous. There are lots of other international companies that work there very well.
1. We have no idea of aex mgt "strategy" with regard to govt. liaison or past communications, promises and delivery expectations.
Normally two ways; through embassy consulate relations and specific govt. people relationships.
2. If the govt. experience is anything like share holders with regard to information disseminated (JB stating zubs could vote on farm out, a really simple important fact got wrong lol), project delivery and timelines, it is no surprise at all they are "reciprocating" in a similar manner?!

Aex need to rns and clarify the situation quickly.
All above imho and as ever dyor all.