Aminex Share Discussion Threads

[whoppy] 20/7/2021 16:26

HE1 wells funded by equity dilution. Shares in exchange for contractor fees. But not fully funded. If the first well is a dud you're all gonna get rinsed. Should have done an asset dilution rather than equity. At least it's less dilutive than the number of shares potentially issued.

[rangenoresources] 20/7/2021 16:25

Didn't the new Tanzania president say those sorts of practices were old Tanzania and she was going to be more business friendly?Strange how AMINEX haven't been sorted on monies owe or licence extensions.

[rangenoresources] 20/7/2021 16:24

Read the RNS and Twitter feed from HE1 CEO. It tells you what happened and they didn't try and hide the facts.This is my point with AMINEX. You don't know what unexpected costs will appear and they will.

[rangenoresources] 20/7/2021 16:22

Whoopy - have you seen how HE1 are paying contractors for works. Very smart if you ask me.

[rangenoresources] 20/7/2021 16:21

Spot on Skinwalker

[kingfisher14] 20/7/2021 15:30

The Tanzania government see gas as the way forward so supply and demand comes to the forefront.I would also suspect Aminex did not put the brown envelope in the correct pigeon hole

[whoppy] 20/7/2021 15:17

I would say more dilution at HE1, if they want to drill more wells.

[skinwalker] 20/7/2021 15:12

DH - yes, UWE (unwisely) bought a lot of these shares and as a result is definitely underwater and feels he cannot crystallise such losses, especially in that at some point in the future AEX will probably be worth more than currently? I myself am another example.

My problem with the UWEs of this world if that they can't admit to themselves (or anyone else) that they made a poor decision, and UWE in particular continually posts that he is still buying (I find that difficult to believe). Its not a question of empathy or humility - if he was saying he is buying more to average down so that if the share price was to jump he may be able to get out with a shirt on his back that would make some sense, but to buy, buy and buy again because he thinks they are good value is highly speculative (at best), potentially misleading and likely to result in many new investors also becoming quickly underwater.

Just saying like....

[whoppy] 20/7/2021 15:04

I don't think we need to see who's right or wrong down the line, as we already know.

[rangenoresources] 20/7/2021 15:02

Gas is being phased out. Clean fuels are they way forward.

[rangenoresources] 20/7/2021 15:01

All projects of this nature rarely run under or on budget. Let's see who is right or wrong down the line.

[rich2006] 20/7/2021 14:51

R&r
Explain why seismic is likely to go over budget and why Aminex are on the hook for any over budget costs.

[kingfisher14] 20/7/2021 14:50

So a country with a population of approx 60 million people don’t need gas a strange statement.He1 is a better short term buy but am very happy with both shares at the moment.I think that Ara have delayed to see if they can starve Sci out.Aminex have no need to fund raise and have a current GSA in place.He1 has only exportation in place therefore it could take many years before Tanzania government give any agreement

[skinwalker] 20/7/2021 14:49

I just checked, he's from the Isle of Ely.

[rangenoresources] 20/7/2021 14:39

It is if you live in the fens and have 6 fingers Are your Norfolk or Suffolk?

[whoppy] 20/7/2021 14:34

It's like the World is flat, eh deranged?

[rangenoresources] 20/7/2021 14:34

Whoppy - I have never lost a penny on Aminex and as I have said countless times I wouldn't invest stolen money on Aminex.I hope you can read this and grasp what I am saying. If you can't get one of your fellow posters to explain to you.

[rangenoresources] 20/7/2021 14:31

If you believe that then you believe in the Tooth Fairy. HE1 is not a dud and neither is AMINEX but to claim AMINEX is fully funded when you know the 3D seismic is likely to go over budget is naive at best.AMINEX might do okay by 2023-2024 but nothing of note other than cost cutting and placings will happen between now and then.HE1 will be multiples of its current share price with placings or share equity release for works completed along the way. HE1 have something the world needs. Aminex don't. It's that straight forward.

[kingfisher14] 20/7/2021 14:17

Well he is a very naughty man for suggesting that Aminex is a dead duck and He1 is a swan ready to fly.

[whoppy] 20/7/2021 14:03

kingfisher,- yep. I told deranged that Aminex are fully funded on the HE1 board. He was deramping and trolling Aminex over there as he is frightened HE1 will be a dud and Aminex, being fully funded are a better investment.

[kingfisher14] 20/7/2021 14:00

Fully funded for gas field development by Ara No need for funds to be raised

[dunderheed] 20/7/2021 13:58

SW - I'm sure you're aware (UWE as an example) of many people who may have unwisely bought a lot of these shares and as a result are probably underwater and feel they cannot crystallise such losses, especially in that at some point in the future AEX will probably be worth more than currently?

You seem a "reasonably" intelligent chap so why does a little dose of humility not come with that and some empathy, for people who may have unwisely been misled by a lot of rampers and de-rampers alike on here?

Poor old range with his industry leading dada expert is probably another matter of course!

Just saying like....

[whoppy] 20/7/2021 13:51

Deranged is a ramper and deramper. Wherever his financial interests lies he ramps and where it doesn't, and he can't stand seeing a share price rise because he lost loads of money on it, he deramps. Better known as a Troll.