Aminex Share Discussion Threads

[ileeman] 19/8/2019 10:55

Bought some, can see a reversal of this drop looks overdone.

[blackgold00] 19/8/2019 08:48

tournesol, good to see you are still keeping an eye on things here : )

[gerryjames] 19/8/2019 07:51

Yes. Quite right. I should be more corporate. Not theft. Entitlement to payment withheld. Lol.

Someone mentioned the Global gas price. I think they were serious? All is not lost BG, Edgar. Peter.

Good Luck

Unfortunately the horrible Muppet Suemchaggis can't help. 3 punts down the pan. Expensive learning curve for her. Lost their appetite for the markets and limped off...lol

[sandy12345] 19/8/2019 07:49

need to be patient and hold. Look at what happened over at SAVP today!

[hardnose] 19/8/2019 07:38

@tournesol - antennae?

[888icb] 17/8/2019 12:59

Good to see Thursdays gain held so we ended the week on a high. Hopefully a positive decision from the Government is not far away and the share can rerate to a much higher level.

[blackgold00] 17/8/2019 10:51

though in saying that, I have a feeling or maybe hoping, that once the PSA review is complete and the Mtwara licence has been granted by the Attorney general, the negotiated agreements between TPDC and Aminex will have been ratified and then the TPDC might find themselves (legally obliged) to pay Aminex the withheld $7m.

I'm thinking that Aminex and TPDC have agreed the transferral of the commitments of the old work-program of 4 wells, to the new Mtwara licence which now comes with two, and the fact that Aminex agreed to hand back the Lindi licence which originally had two, might then have released them of all the old commitments and those (certain securities) granted by Aminex to TPDC over the Kiliwani North Development Licence. Plus, which could be a factor, was NT-2 classed as appraisal or exploration ?

[blackgold00] 16/8/2019 17:19

yes greyingsurfer, as I see it, if the KN-1 well is not producing/might not produce, ie; worthless, then how else can TPDC assure themselves of any value from the (committed guarantied security), if/when, Aminex is deemed to fail in drilling the obligated 4 wells ?

[gerryjames] 16/8/2019 17:08

Come on Gents. Are you really saying the money is just resting in their account, awaiting some adminstrative clarification...lol

Company said it was a computational mistake and they would seek to get it back. But haven't.

SOLO said a challenging juristriction with uncertain outcomes. They're still there too.

I suppose like you they have something to lose. Wages from placings.

Bounty said theft and left the Country. Doing very well...last time I looked.

[greyingsurfer] 16/8/2019 16:36

Interesting point, BG. As it happens I was wondering in my shower this morning what TPDC's argument was. Clearly they think they have some basis for withholding, and do not see it as theft. You might have the key there.

[blackgold00] 16/8/2019 16:00

I've often wondered whether your so called "stolen $7m" has anything to do with the (certain securities) granted by Aminex to TPDC over the Kiliwani North Development Licence back in 2014 ?



"The Addendum allows for the remaining obligations under the First Extension Period to be completed in the Second Extension Period, as previously announced by the company on 30 May 2013. The amended agreement requires four wells to be drilled by the end of 2016. In conjunction with the amended obligations to the Ruvuma PSA, the Company has granted TPDC (Tanzanian Petroleum Development Corporation) and the Government certain securities over Kiliwani North Development Licence on a sliding scale basis. As each of the wells is drilled the security reduces and when all four wells are drilled the Government and TPDC will no longer have any further security over the Kiliwani North Development Licence".

[gerryjames] 16/8/2019 15:42

Doomsters say good chance you get robbed Sue. Anyone for a cup of tea? Not saying the bottom feeders won't bait the herd mind. It's AIM, purely MM driven. They'll love it. Keep up the good work. Be nimble.

Glad they're not doing anything about KN-1 though. You'd feel incredibly stupid getting that back online until the stolen $7m is returned...lol

[edgar222] 16/8/2019 12:51

Cheers BG.

[blackgold00] 16/8/2019 12:48

edgar, from A/R, my brackets




"While awaiting the Mtwara Licence extension to be granted, Aminex has progressed the drilling programme for Chikumbi-1 and has designed and received early environmental approvals for a 3D seismic programme over the Ntorya development. The Company also ran a competitive tender for a drilling rig and selected Sakson drilling to drill Chikumbi-1. ( The Company is well-placed to commence preparation activities for a Chikumbi Dilling campaign to delineate the Ntorya gas field and to test the deeper Jurassic Chikumbi prospect.)"

[jotoha2] 16/8/2019 12:34

It;s formed a lovely little cup , as expected , now for the handle and its of to the races !! The doomsters will try to talk it down for a chance to buy in , Boris will make sure we have boom boom !

[edgar222] 16/8/2019 12:32

Can anyone remember the last company statement on time between farmout and spudding CH1. Could it be this year or is that too hopeful? Rather hoping Ara/Zubair can move quickly when the lights turn green.

[whoppy] 16/8/2019 12:16

Recovery in run up to news aswell. MM's need to form a market. They will win either way. Punters taking all the risk for big reward if it comes in.

[blackgold00] 16/8/2019 12:14

yes, first whiff of PSA and it will be 2p here we come : )

[barnes4] 16/8/2019 12:07

I think a return to a penny is only a matter of time

Any news and could 3 bag from here

[whoppy] 16/8/2019 12:06

I don't think MM's have any shares.

[whoppy] 16/8/2019 12:05

Yes, technicals seem to favour the long position.

[blackgold00] 16/8/2019 12:04

yes, my antennas tell me sentiment is/has changed

[barnes4] 16/8/2019 12:03

You can see sentiment has changed the chart has bottomed out