Aminex Share Discussion Threads

[whoppy] 21/10/2020 13:49

MM's taking your shares on the cheap. Don't give them away.

[jotoha2] 21/10/2020 13:10

A few more weak holders gone , let the fun begin .

[rangenoresources] 21/10/2020 12:28

Can we call 11.5% dropping like a stone or is it still a sea of red?Asking for a friend.

[whoppy] 21/10/2020 12:09

Good buying opportunity. Will be over 2p in a few days after an update.

[whoppy] 21/10/2020 12:07

Showing buys as sells usually gets them panicking and drives the fear to sell. Usual thing.

[rangenoresources] 21/10/2020 12:01

Only bad if you have paid well over the odds for a ramped share to allow others to exit with a profit.So many seemed to have got sucked in again The mm's must love these suckers

[whoppy] 21/10/2020 11:52

Only bad if you're short. Wouldn't want to get caught out on +1p rise. imo.
MM's just nicking shares off the weak and impatient. Be rude not to.

[rangenoresources] 21/10/2020 11:32

7.7% drop alreadySomething tells me bad news is comingUnless it's a good RNS this will be below 1p by Friday

[dunderheed] 21/10/2020 10:39

I was only joining Malcy.

[malc5] 21/10/2020 10:37

Yep, me too

[dunderheed] 21/10/2020 10:31

I'm scared.... I think all my long awaited profits are going to be lost soon as they havenae rns'd?!

[kevjones2] 21/10/2020 10:29

whoppy21 Oct '20 - 09:01 - 73435 of 73435 (Filtered)

I'm sure it was yet another pearl of wisdom from The Whopster.

[whoppy] 21/10/2020 09:01

I think RNS later on. It's due, and therefore likely to be during the day.

[kevjones2] 21/10/2020 08:47

Wearing my negative hat: AEX have never learned how to communicate properly. They continually make commitments and miss them (this is about the 45th missed commitment in 7 years). The share price will continue to drop until/if the RNS comes which could be months away.

Wearing my positive hat: I suspected the government were holding out until just before the election (see post from 30.09.2020 below). Now they are delaying the official announcement until the days leading up to the election. This augurs well for AEX because it means the deal is so big the government think it could influence the election:

KevJones2 - 30 Sep 2020 - 10:06:59 - 72987 of 73434 AMINEX - roll up for the East Africa show! - AEX
The government could be holding out pre-election to tell the voters they're holding on to the country's resources OR they want to make a big announcement just before the election?
===================================================================================

What I really think: the RNS will come when Tanzania feel like it. The lack of trust in AEX after years of missed commitments causes the share price to drop quicker than other companies that might miss a commitment. Nevertheless, it will come. I see 2.5p in the 5 days after the RNS. The usual dwindling share price will happen again until more news but we'll be resuming from a higher level share price

[glavey] 21/10/2020 04:23

Must be a rock cake!

[rangenoresources] 20/10/2020 19:31

Another sea of red today and another 5% dropped off share priceIt was always going to happen as classic pump and dump.The cherry on the cake was Malcy

[dubian99] 20/10/2020 15:03

fortune after years of waiting it would be beyond crass not to rns, and leave it pssing in the wind,
well overdue

[dunderheed] 20/10/2020 14:17

Edgar who has me on filter supposedly. I was the second person (I believe) on the boards to congratulate the BOD for this deal.
I was also the closest with regards to valuation of these assets.
I seemed to remember dwerky and UWE quoting 9 or 10p share equivalents as being the "least acceptable", lol.
The other people were not "morons" they simply made the mistake of over valuing company assets which (so very often) pis do.
All imho of course.

[edgar222] 20/10/2020 14:03

Specifically Jay B. Who got lambasted for the company making farmout at the time by morons everywhere.

[dunderheed] 20/10/2020 13:58

Whoppy agree certainly upside here.
Haider, well wtgr whilst the deal definitely very fair and they (ARA) could have screwed us much more really we should have farmed out far earlier and actually sourced a better equipped rig.
All imho.

[haideralifool] 20/10/2020 13:53

It was the previous management who got ARA on board ...

[whoppy] 20/10/2020 13:40

It's all changed now. Different team, ARA and Zubs people running Aminex. Ruvuma is a company maker. Low risk, high reward. Where can you get that??

[dunderheed] 20/10/2020 13:35

Well 888 you obviously havent held for many years then. The "mgt" of Aex in the past has been nothing less than atrocious.

[fortune cookie] 20/10/2020 13:16

There is nothing in the RNS that says they will issue an RNS when the transaction is complete. I think they will wait until they have sorted out a timetable before another update. That could be a few weeks away, but after waiting for years a few weeks is nothing

[888icb] 20/10/2020 13:06

The root cause of most of AEX’s problems has been waiting for Government approvals and decisions. I fail to see how AEX can held accountable for matters outside their control.