Aminex Share Discussion Threads

[mjapac32] 29/4/2024 21:46

Is that all you got surely you can better that ?

[rangenoresources] 29/4/2024 21:42

Filter not working again Mjapac32?

You really must be struggling as you can’t get Emoji’s working either


🤭🤭🤭🤭9325;🤭ԍ25;

[mjapac32] 29/4/2024 20:44

Skin, At least they don't borrow at a 70 percent discount to share price like some Range would fail to mention

[rangenoresources] 29/4/2024 20:19

Skin - it looks a Wonga style loan to me where they had little options. Couldn’t do a placing as billions of shares already.

[bhoddhisattva] 29/4/2024 13:11

As always, in business secure loans or funding when you don’t need them.

Otherwise when you do need them, the terms will be onerous.

[haideralifool] 29/4/2024 11:38

Skin we all know what onerous finance terms look like and these don't fit that bill. That's all that matters, not how long the queue was.

hmh - point taken.

[haggismchaggis] 29/4/2024 11:35

HAF,.A loan of dollars from ARA or Eclipse to TPDC doesn't have to involve AEX. It can be an independent financial deal, not linked to the field development. .Tanzania would have to start paying the loan back whether the field is developed or not, so that cannot be given as a guarantee or basis for the loan, in case something halts it..Tanzania want a pipeline, ignore what it's for. ARA need dollars to pay for it. ARA lend them dollars.

[skinwalker] 29/4/2024 11:00

...I imagine they've got no choice.
Who else would lend them money ?

[edgar222] 29/4/2024 09:51

Eclipse owns Ara Petroleum and just under 30% of Aminex.So it is our Major, the operator of our field and our major investor giving a sub on preferential terms. More support. If evidence were needed of the continued intention to keep Aminex in existence, as opposed to taking us out, this is more of it.Preferential because there is no repayment. The loan is set off against the farmout.All good with me. Removes a doubt for the numpties out there.Also all good with me is how much of our farmout carry is left. Future looks bright.

[haideralifool] 29/4/2024 09:29

hmh we are 25% partners, so I would imagine if ARA are providing help of any description we would be expected to stump up 1/4 of it.

I also wonder whether this might be linked to issues around forex (and the government not wanting to spend what little they have of it).

But as I said this is something to perhaps ask about at the AGM.

[haggismchaggis] 29/4/2024 09:20

The Government want to own the pipeline outright, so they have to pay for it. It's possible that ARA could loan them the dollars to get it in quickly. I don't see ARA asking us to pay for it and then give it to them for free.

[rangenoresources] 29/4/2024 07:43

Well said bhoddhisattva re: Trolls

[haideralifool] 29/4/2024 07:40

Worth noting that this is the first development licence that Tanzania will have awareded for 13 years.

Perhaps one for the AGM, but what does this mean in practical terms:

"Support the Tanzanian authorities in the construction of a spur pipeline to take gas from Ntorya to the Madimba Gas Plant and accommodate gas extraction from the field."

And does it affect the value of the carry? This does seem to be a shift from the initial position and I wonder if it is linked to the negotiations and delay.

Overall the AR reads very well.

[haggismchaggis] 29/4/2024 07:37

As I kept saying:"Applied for a 25-year Development Licence based on the approved FDP. Approved by the Tanzanian authorities, including Cabinet sign-off, and awaiting issuance of the signed licence from the Ministry of Energy."

[bhoddhisattva] 29/4/2024 07:17

AEX secures back up funding to bridge till revenues without any dilution
AND confirms signed licence expected very soon

Looking good 🤞

[rangenoresources] 29/4/2024 07:15

So

1. No development licence in place
2. Running out of money in 6-9 months and more delays.


Let’s see how market reacts to RNS today.

[bhoddhisattva] 28/4/2024 09:24

Just don’t engage … don’t feed the troll … he/she craves attention - don’t give it!

[rangenoresources] 26/4/2024 23:40

Evening Blunderheed. Hope pub life keeping you busy and no more £2k 🥃 bills.


🤭 🤭 🤭

[dunderheed] 26/4/2024 21:31

"Mate" we're not interested in your he1 guidance.
Just stay over there nonentity.

[rangenoresources] 26/4/2024 19:51

Another week passed and no sign of licence RNS. It’s amazing rampers try and pull the same trick to try and get them out of the mess they are in.


This will be below 1p again when people realise it’s another false dawn.

[haggismchaggis] 26/4/2024 19:16

4skin returns LOL!!