Aminex Share Discussion Threads

[rangenoresources] 30/8/2021 13:07

You are spot on. This share is a pup.

[edgar222] 30/8/2021 10:09

88Have filtered him. Came across him in another share recently. Misuses facts or dosent know them. Always negative. Might be a good sign if the trollish herd is interested? ;)

[888icb] 30/8/2021 00:15

The $2 million is due from AEX’s largest shareholder. Get a grip man your embarrassing yourself as usual. So you should be apologising immediately for your pathetic attempt to disrupt this bb with your garbage.
I would urge everyone to filter this character as I am now going to do.

[apfindley] 29/8/2021 21:00

888 you quote "The Company continues to rely on nearly US$2 million in payments due"So now they're relying on money which is DUE.ie.. they dont yet have.One lesson in life....never spend what you dont yet have.I'm confident you'll be apologising in 4-6 weeks max.

[888icb] 29/8/2021 18:21

I would advise filtering the troll apfindley. Far better to read what AEX has to say about its finances:
Outlook

With the Ruvuma Farm-Out concluded Aminex has no debt, with all existing liabilities to ARA cleared. The Company continues to rely on nearly US$2 million in payments due from ARA upon Completion of the Farm-Out. Even with the COVID crisis, there remains a significant and rising energy supply deficit in Tanzania, mainly when considered against growing demand, highlighting the importance of assets at different life cycles of their development like Kiliwani North, Ntorya and Nyuni. We would also note to shareholders that we are likely to be supplying gas domestically and are therefore less directly impacted by global commodity price weakness once in production.



We have seen positive signs that the Tanzanian Government is working with producers in-country to support Tanzania's power demands which outstrip the current supply. We, therefore, remain highly optimistic about the future of this project and what it will mean to the people and Government of Tanzania.



I remain optimistic about your Company's future as we have valuable assets in Tanzania. We have the financing to advance the Ntorya project and an outstanding partner in APT, which will help drive real growth in-country. We believe that Tanzania's gas sector is unlocking, with the Government working hard to deliver prosperity for its citizens.



I would remind shareholders that we will be fully funded, as per the terms of the Ruvuma Farm-Out Agreement, for these activities. I want to thank shareholders for their continued support and all the staff of Aminex and its subsidiaries. They continue to endure and work hard on delivering value from our portfolio.



I look forward to providing further positive news on our activities throughout 2021.

[apfindley] 29/8/2021 17:00

"Carried to production" does not have a bearing on working capital requirements.Good luck here icb888/888ICB be cautious...in one month please revisit me and we'll see if a ( 'private placing+warrants with "certain existing and new" shareholders' ) came or not. You will recognise their names on twitter...they are always participating in warrant sweetened placing on companies which they promote too heavily.

[888icb] 29/8/2021 15:46

One of the most active trolls who has so many different names that he probably can’t remember them all has paid us a visit on a bank holiday weekend to post his lies about a funding.
As we all know AEX is fully carried to production as per the final report:

The Successful Completion of the Farm-Out

In October 2020, we saw the successful completion of the long-awaited Ruvuma Farm-Out to ARA Petroleum Tanzania Limited ("APT"), a related party of the Group. This transaction should see the Company entirely carried to material levels of production and revenue without the need to return to shareholders for any additional funding for the development of the Ntorya Location. The Company now holds a 25% interest in the Ruvuma PSA with a US$35 million carry of its share of costs to potentially significant gas production volumes. On completion of the Farm-Out the Company repaid all of its debt and remains debt free. We believe this non-operating position suits the Company's strategy to remain flexible to opportunities whilst continuing to significantly reduce costs. The Company sees this as a very real option for its other assets which it believes will add shareholder value while simultaneously reducing risk.

[apfindley] 29/8/2021 13:45

Funding coming.Beware of forward-selling of new shares before they're issued.Beware of people pumping this on twitter as they may have taken part in a discounted placing with warrants attached.

[blackgold00] 27/8/2021 08:55

yes, i think so ngms, when it sinks in that the toy of a (drilling rig) they have been using is only good enough for shallow wells and that they would need a real drilling rig for the deeper prospects, which i would think make the "phase 2 exploration programme) cost a lot more than the funds they currently have. i sense fund-raising coming down the road ?

"the Company can now move rapidly to develop a Phase 2 exploration programme that offers value for money. Using various geophysical techniques, we can quickly and cheaply advance both 'Shallow' and 'Deep' target types to de-risk our ability] to make a commercial discovery with Phase 2 drilling."

the current drilling rig

[whoppy] 27/8/2021 08:53

Yes and the large spread is misreporting all the buys this morning.

[888icb] 27/8/2021 08:42

AEX currently top of the Leaderboard Up 12.8

[ngms27] 27/8/2021 08:33

OT: How low will HE1 go? 5p?

[rangenoresources] 26/8/2021 22:49

You are indeed Malcy

[888icb] 26/8/2021 18:19

It is actually showing as number 16 on the Leaderboard Up 9.52%. The uncrossing trade was below bid and that is not the true sp

[dunderheed] 26/8/2021 11:43

75510 - Range your initial purchase may well have been 6p but in later conversations you claimed your "average" to be between 7-8p - you then claimed to have purchased at 12p but all trades around that time and earlier in the day had been at 12.4 to 12.5p however I'll let that go - what were your purchase prices this morning - if you don't mind sharing fella - just so I can keep a record and we don't have to rely on potentially edited posts later (normally stage 3 or 4 of he1 mental illness)!!

By the way I actively encourage all small investments in such companies as such entrepreneurialism should be absolutely applauded - as long as appropriate risks are known - what I take offense at - is people laughing and taking the p&&& out of holders of AEX when they claim they have a right to do so - because a lot of their friends were sucked in - to what they perceive was a scam - but was merely a misunderstanding of the relevant risks involved.
Then bizarrely even though your own friends had supposedly suffered as a result of this - you go on to continually take the mick out of current holders - bizarre behaviour?
Now I assume you will be happy for said posters to take the mick out of you and whilst I hold neither AEX or HE1 - I know which one I'd prefer to be holding now regarding risk mgt.!

Best of luck all and as ever all IMHO.

[kingfisher14] 26/8/2021 11:41

We can afford 3D seismic

[kingfisher14] 26/8/2021 11:39

Look at the share price

[kingfisher14] 26/8/2021 11:38

how much is 3 trillion cube feet of gas worth Back by a major for gas field development seismic to start soon looking gas/oil sweet spot we know it is there

[rangenoresources] 26/8/2021 11:25

You need to do better than that Kingfisher14 for a derampHelium One Global Ltd04 May 20214 May 2021Helium One Global LtdCompletion of Extended 2D Seismic Campaign and Identification of New Priority ProspectsHelium One (AIM: HE1) ("Helium One" or "the Company") is pleased to announce the completion of its extended infill 2D seismic campaign and identification of new priority drill ready targets ahead of commencement of exploration drilling programme at Rukwa Project (100%) in Tanzania.Highlights:-- Completion of an extended 200km 2D seismic campaign, including an additional 50 line kilometres providing further data on new priority prospects-- Modern seismic data is of a higher quality than earlier work, resulting in a better understanding of the subsurface and reassessment of geological risk across our portfolio-- Improved data resolution over multiple prospects, highlighted by an upgrade of the Tai prospect, with stacked targets believed to be across a larger area than those interpreted from historical data -- Zero lost-time injuries and no HSE incidents across 97,280 man-hours of remote working -- Ongoing seismic interpretation supports improved drill targeting over the three / four hole exploration drilling campaign, now commencing in early-June with first hole planned at Tai prospectDavid Minchin, Chief Executive Officer, commented:"We are delighted to have successfully completed our extended infill 2D seismic campaign, which has provided high-quality data across multiple prospects. Based on encouraging early results, the seismic campaign was expanded with an additional 50 line kilometres of acquisition over new priority prospects."Safety is of paramount importance when working in a remote location. We are very grateful to our consultants and supervisors, but especially appreciative of the dedicated teams of workers recruited from local villages, who have been able to deliver this seismic campaign with zero lost-time injuries."Additional data has resulted in a reprioritised drilling campaign with drilling starting over a faulted 3-way dip closure at Tai, with multiple stacked targets. This prospect is believed to be larger than interpreted from historical data, which has contributed to the Technical Team's decision to upgrade Tai from a 'low-priority' to 'must-drill' target. Drilling will therefore begin in early-June, giving additional time for road and drill pad construction at this new site."We look forward to commencing our exploration drilling reinforced by high-quality, modern, 2D seismic data."Infill Seismic CampaignIn mid-February of this year, Helium One commenced an infill 2D seismic campaign consisting of 150 line kilometres of seismic acquisition, targeting shallow trap structures identified from historic seismic and gravity data. Closely spaced seismic data acquisition focussed on areas of known prospectivity to provide greater clarity over subsurface structures which Helium One believed to have the highest chances of successfully discovering helium.Data acquisition commenced in mid-March and, following encouraging early results, the decision was made to extend the seismic campaign with the acquisition of an additional 50 line kilometres of 2D seismic. Additional line kilometres targeted several new and high priority closures including Tai, Mbuni, Mamba, Chiruku and Itumbula.Initial data interpretation has upgraded and expanded the Tai prospect, which was poorly defined on legacy seismic data, but now clearly demonstrates a faulted 3-way dip closure concurrent with a gravity high. New data has identified stacked targets within multiple closures over an expanded area that we now plan to test as our first drill well.By focussing on stacked closures in our first exploration well, Helium One hopes to identify charged horizons with the highest quality seal to assist in the planning of subsequent wells. Relocating our first well to Tai will necessitate approximately two weeks of additional time required to upgrade existing tracks, construct a drill pad, and receive all necessary regulatory permits to commence drilling at this new location.The newly acquired 2D seismic data is of good quality with a greater understanding of subsurface geology. Modern data allows improved interpretation of structuration and trapping styles, and aids a better understanding of reservoir characteristics and reservoir-seal pairs within each stratigraphic sequence. Ongoing seismic interpretation supports improved drill targeting for our maiden exploration campaign, which is now planned to commence drilling in early-June.For further information please visit the Company's website: www.helium-one.com

[kingfisher14] 26/8/2021 11:15

Let’s stick a drill in the ground and hope to find helium without seismic testing lol there you go clown it’s a sea of red 29% down

[rangenoresources] 26/8/2021 11:13

Dont you just hate it when someone comes along as says they feel sorry for your losses. Then advises you should bank the loss and put your money into another share that they own and want the share price to rise so they can sell out.