Aminex Share Discussion Threads

[jotoha2] 01/2/2021 17:16

5p target within 18 months very much in place.

[jotoha2] 01/2/2021 17:15

rr , he made a modest mistake , a bit like you when not acknowledging that aex has recently gone up an enjoyable 240% , the smart set will keep on buying , this will be massive , wait and prosper .

[dunderheed] 30/1/2021 17:01

Ffs what Malcy says or told, LOL.

[rangenoresources] 30/1/2021 16:01

There is no drilling until 2022. Malcy has told you this already Where do you get spring from?

[whoppy] 30/1/2021 14:11

Looks like this is getting ready for a merger with WEN with a streamlined BoD or Zubairs have something coming down the pipe to add into AEX through it's listing and have a CEO lined up, as Robert Ambrose couldn't commit longterm for personnel reasons, or Zubairs want someone else. Dilutive raising has been dealt with. Can't fathom how Malcy likes SCIR who haven't got a farmout partner and who's management have failed at everything, yet Aminex have a fully funded gas project about to kick off with the 3D programme and drilling to start this spring. Strange.

[rangenoresources] 30/1/2021 13:00

No it doesn't.

[jotoha2] 30/1/2021 12:52

If malcy says sell then its a strong buy , buy when others are exiting wins time and time again, if they take it to .4p then I will take a few more million , keep the faith.

[rangenoresources] 30/1/2021 08:01

Exactly. They are only interested in lining their pockets but the money is running out and some don't want to be associated with this company Can hardly blame them

[canigou2] 29/1/2021 17:59

"on the board to represent investors" ... lol

[rangenoresources] 29/1/2021 17:48

Looks like good old Malcy thinks the same way I do. You would be better investing elsewhere.What is not to like?"I have followed and supported Aminex for a very long time, indeed as some people said for a good deal longer than I should have. In December, when compiling the new Bucket List I decided that enough was enough and that given there would be no drilling until at least 2022 the best way to play Ruvuma would be via Scirocco.My concerns about Aminex losing 2 non-execs at very short notice last year were not addressed and information flow from the company dried up. Today's news that the excellent Robert Ambrose has been unceremonially been moved on has added to that concern. When I took them off the list in December the shares were around 0.97p, today they are almost exactly half that level but now there are fewer people on the board to represent investors and the call to drop Aminex looks the right one.

[rangenoresources] 29/1/2021 16:02

Looks like market has reacted badly to newsLooks a long way from 1.5 or 5p share price Don't be fooled by the rampers

[wakeland] 29/1/2021 08:51

Not before time, nothing for the board to do now expect wait and hope, tbh 2 would be better than 3.

[dunderheed] 29/1/2021 08:46

Spangle he bid him (thankful fond) farewell on the 26th.

[spangle93] 29/1/2021 08:41

Poor Jan Gunnar doesn't get much of a farewell from Mr Santos, does he?

[jotoha2] 29/1/2021 07:45

No further fund raise , and no more shorting should do the trick.

[rangenoresources] 29/1/2021 07:43

Is this the RNS people were expecting to make the share price go to 1.5 or 5p?Looks to me another one jumping ship and they are in money troubles Will be interesting to see what the market thinks

[rwells4474] 29/1/2021 07:10

Aminex (LSE:AEX)
Intraday Stock Chart

Friday 29 January 2021
Click Here for more Aminex Charts.
TIDMAEX

RNS Number : 2801N

Aminex PLC

29 January 2021

29 January 2021

Aminex plc

("Aminex" or "the Company")

Strategic and Corporate Update

To take advantage of opportunities provided by the Ruvuma Farm-Out, avoid the need for further dilution, and improve shareholder value, the Company has been working on several important strategic initiatives. As part of these initiatives, the Company is restructuring the Board and further cutting costs.

Further Cost Reduction

In 2021, the Company intends to reduce gross general and administrative costs by 30% from 2020 levels and an additional 25-30% reduction in 2022. By 2022, these efforts will reduce gross general and administrative expenditure (before one-off costs and exceptional items) to less than GBP1 million per annum, representing a 75% reduction from 2018 levels.

Board Restructuring

The Company is reducing the Board from five directors to three. With immediate effect, Robert Ambrose is stepping down as interim CEO and director, and Charles Santos shall become Executive Chairman. Robert has kindly offered to assist in the transition. As announced on 26 January 2021, Jan Gunnar Opsal stepped down as a non-executive director.

Charles Santos, Executive Chairman of Aminex, commented:

"We are indebted to Robert for stepping in at short notice last April, steering the Company through the farm-out process and positioning it for the future. In many respects, these current changes complete the restructuring started by Robert. Our objectives now are to capitalise on Aminex's fully carried valuable Ruvuma asset, maintain discipline on expenditures, and with a lean and effective management team pursue our strategic initiatives. Finally, we all thank Robert and wish him well in his future endeavours."

[dunderheed] 28/1/2021 21:32

Yes I know there's a real problem with people shorting AEX.

[glavey] 28/1/2021 06:09

That should suit them perfectly then...

[rangenoresources] 27/1/2021 20:34

They can't as there is nothing to research for their blatant ramps

[sandlab] 27/1/2021 16:52

Explain why it’s ready to rise again.

Wait until Robinhood hear about Aminex... :-)

[jotoha2] 27/1/2021 16:27

Range , do a bit of proper research then you to will see what is coming.

[rangenoresources] 27/1/2021 14:42

1.4% is not a sea of redTotal lies

[rangenoresources] 27/1/2021 14:40

Explain why it's ready to rise again. What information are you relying on to get the share price to 1.5p?