Aminex Share Discussion Threads

[rangenoresources] 14/3/2024 18:57

Closet - thanks for your post. Always appreciate your eloquent posts.

[rangenoresources] 14/3/2024 12:39

Can’t be that busy Al Murray wannabe as you have posted!

[rangenoresources] 14/3/2024 11:23

No sign of the Al Murray wannabe or his side kick Closet today.


Good news all round for everyone.

[rangenoresources] 14/3/2024 01:12

Closet - really appreciate your posts.

[geoff96] 13/3/2024 16:55

Apologies Haider, I was referring to the share price when I said that this has only gone one way, after all this is the reason you are all here?

And I think we know why we have seen such terrible performance.....the answer is in your list of achievements across a very long timeframe indeed. Your talking 6 years here to complete a farm out and do a 3d survey?

Hardly putting your head on the block to state you expect to see the licence in 2024, but I guess that's the expectations of a long term holder of this share?

My question to you is why do you think Aminex insist on continuing to use phrases like very soon or imminent, when they know damn well that none of that is in their hands? Surely that's being deceitful and clearly doesn't wash with investors anymore as there is no reaction?

The share price lows get lower, the rises fewer and shorter and you have yet to see a sustained rerate in all this time, resulting in the price below a penny! A very sad state of affairs for a company who have apparently discovered one of if not the largest onshore discovery in East Africa?

No PR company in the world is influencing the lack of news flow down to ARA/Aminex, therefore a nice earner for very little work.

[blackgold00] 13/3/2024 16:17

Yes HaiderAliFool, well maybe, who knows. Though I should imagine, that the TPDC pipeline to the processing plant, which is in the design stage, and due for completion (first half next year), and ARA program to drill (CH-1 well, plus testing and workover of Ntorya-1 and 2), will both be planned in concert to be completed at about the same time. As obviously one without the other is a waste of time but more importantly money being spent.

[haideralifool] 13/3/2024 15:40

"PR or not, it has only been going one way for years and literally no one could argue any different."

I think that needs some detail.

They got the farmout started in July 2018. It was completed in October 2020. For various delays the results have only come out a few weeks ago.

But the seismic has been done and banking on a positive result has been a good call, albeit it hasn't been one that has paid off, yet.

A bad call would have been one where after spending millions the resource showed no or only marginal improvement.

The upgrade has also derisked holding AEX equity (IMHO). A more modest resource and one that did not require additional capital would have called into question the value to the Zubairs of continuing to sustain AEX.

The size of the resource the we have now means that the Zubairs need for capital is a foregone certainty and AEX is one means (amongst a number) that they'll likely use.

So we come back to the issue of future progress. I am confident that we will get the development licence and while I am not confident of getting it in the near future, I think we will get it in calendar 2024.

[blackgold00] 13/3/2024 11:42

See, there you go again,

[geoff96] 13/3/2024 11:35

No one asked for your input, I was replying to Haider....

Stifle what debate? Hahahah - Nothing to debate here old boy.....the 3 trades today tell you that.

Back to your walking football ;)

[geoff96] 13/3/2024 11:15

Haider, I would not put absolutely anything past these clowns.

PR or not, it has only been going one way for years and literally no one could argue any different.

How many false dawns has this share had?

Why don't you put your money where your mouth is? Small bet that you don't get the licence this year? Perhaps a chance for you to recoup a little of the losses? ;)

[haideralifool] 13/3/2024 11:01

Geoff, do you think it is strange that both ARA and AEX would appoint a PR agency in February if they did not really think news on that front was not in the offing?

They have been able to do without PR for the past couple of years.

[geoff96] 13/3/2024 10:12

Really strange that licence hasn't been issued isn't it? Someone should get onto them about that....

10th Jan - "The authorities also indicated that the Development Licence will be received very soon".......

[rangenoresources] 12/3/2024 15:06

Looks like Geoff is owning Blunderheed, Closet and Blackgold.


Keep up the good work Geoff. I am off for some fun on HE1 site.

[blackgold00] 12/3/2024 14:36

16 TCf of gas ? It just might be worth the wait Geoff, 🙂

[geoff96] 12/3/2024 14:17

Hahaha, if you say so close.

Ah there he is, never takes long for BG to pipe up.

Unfortunately not, no correlation to my age....

Not old enough to join your walking football team either, sorry to disappoint.

I only assume you are an OAP because of how long you have been kicking around waiting for AEX to come good..

Where is that licence?

[closetotheedge1] 12/3/2024 13:35

#79556 from geoff tamarin

I can manage another response to you-

You should direct your last posting to RangenoBrain (more appropriate)
🤣🤣🤣🤣9315;🤣