Aminex Share Discussion Threads

[rangenoresources] 16/5/2024 12:15

Skin - I think you are right.

Sea of Red or falling like a stone today as reality has kicked in.

[skinwalker] 16/5/2024 09:23

"Imminent in Tanzania is months and years not days"

At best! Imminent often means NEVER !

[rangenoresources] 16/5/2024 07:23

Imminent in Tanzania is months and years not days

[haggismchaggis] 15/5/2024 19:15

The Tanz Gov't ministers are all busy every weekday in Parliament going through budget speeches every weekday until end of June, so the only time to have the required one's available for a licence presentation ceremony in on a weekend. Which weekend is anyone's guess, but ARA say they have been told the licence delivery is 'imminent' which means one weekend soon, maybe this weekend even.
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Here is something very odd. Perhaps a giveaway that something is happening this weekend.
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In the latest updated Parliament schedule the weekends are marked 'MAPUMZIKO' which translates to 'rest' or days off apart from 8+9 June when they are working that weekend as shown in the schedule.
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Strangely, this weekend is not marked in the schedule at all!!
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The schedule goes from 17th to 20th with nothing marked in between. So they are not taking a rest, yet they are not working either, what could they be doing then? Presenting a Ntorya licence perhaps?
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Here's a link to the Parliament schedule, updated on 13 May. It's possible to copy and paste the info into Google Translate, but for quick reference, BAJETI means budget, HOTUBA means speech, MAPUMZIKO are days off from Parliament:
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[haideralifool] 15/5/2024 08:23

Peter it was a different environment then, but I do remember Brian Hall at an Oilbarrel meeting (in private conversation) expanding on his vision for how natural gas would improve life in Tanzania.

[greyingsurfer] 14/5/2024 19:26

That would be slightly ironic since a lot of AEX's interest in Ruvuma was gifted to them by Tullow when they found gas not oil. Admittedly a very different environment for selling gas in Tanzania in those days!

[dunderheed] 14/5/2024 17:13

Reserved for DC.

[dunderheed] 14/5/2024 17:13

Reserved for monte1

[goggin] 14/5/2024 17:06

Could Aminix become another Tullow oil? Tallow went from being a minno to a multi billion pound company at its peak. That would give Amnix a target price of 26p plus over the next 3 years. Just a thought?

[888icb] 14/5/2024 14:59

Moving up this afternoon Currently Up 8.2% at 1.65p on volume of 11 million. 1.69p has just been paid.

[mjapac32] 14/5/2024 14:47

Meanwhile Aminex ticks up and Helium One well can only be said it's a sea of red !

[haggismchaggis] 14/5/2024 13:16

"Tanzania pipeline is key catalyst to underpin fast-track development of Ntorya gas field"
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Also, the massive resource upgrade from 2TCF to 16TCF has completely changed the scope of this project, it is now being viewed by Government as a huge opportunity to get way more Gas into the system much sooner, as the plan is always based on how long the Gas will last.
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In the past, 140MMscfd was deemed appropriate for the expected life of a 2TCF resource at that rate.
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Fast forward and now they have 16TCF. So 140MMscfd is no longer appropriate for the resource. The final size of the pipeline has not been announced. The tender for it has not been announced and won't be until July, at which point we will see what maximum capacity has been chosen.
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Plus what of this mini LNG plant that mentions no names, but does mention a 34km spur pipeline to connect wells to Madimba....
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Look in the background, where it says that the mini-LNG agreement was signed at the same ceremony as the signing of the GSA.
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[rangenoresources] 14/5/2024 12:08

Who's trolling who?

🤭🤭🤭🤭9325;🤭ԍ25;

[rangeoresources] 14/5/2024 10:01

Who's trolling who?

[rangenoresources] 14/5/2024 09:29

I am so honoured to have my own troll.


Thank you Rangeoresources. Keep up the good posts.

[rich2006] 13/5/2024 20:27

Worth reposting the 3d seismic rns from Feb 2024

[haideralifool] 13/5/2024 19:58

Worth noting that their high end of the fair value range (2.5p) has the following weightings:

Lowcase 15%; 45mmscf/d - 173bcf (value per share 0.9p)
Base case 80%; 140mmscf/d - 763bcf (2.8p)
High case 5%; 250mmscf/d - 1.7tcf (4.6p)

You could argue that these are somewhat pessimistic even at this stage of the game.

Anyway just working off these numbers if the probability weightings are switched and the base is e.g. 5% and high becomes 80% you end up with a valuation of 3.93p.

Likely the lowballing is deliberate - leaving plenty of scope for future upgrades especially when they decide to release the CPR.

I'd have thought that it would make sense to release that in advance of drilling.

[haggismchaggis] 13/5/2024 19:32

HAF,.Excellent find, thanks for sharing!.Great to have a broker on the case, raising awareness to their clients (ii's, Fund Managers, HNW, UHNW, etc)

[haideralifool] 13/5/2024 19:12

New broker report out today.

"Several catalysts throughout 2024. Once the development licence has been issued by the Ministry of Energy, besides re-entering the two existing wells (NT1 and NT-2), the partners are looking to drill the new Chikumbi-1 well. This well will not only appraise the current discovery (and be completed as producer if successful) but will also target new shallower horizons, identified in the new 3D seismic. Therefore, we see Chikumbi-1 well and progress in the pipeline spur as two most significant catalysts in next 12 months. "

hxxps://www.research-tree.com/companies/uk/aminex-plc/research/shard-capital/things-lining-up-nicely-/fcbcfb2d-c70d-4af0-9fd0-3b79775304a0

From the wording it does seem as if CH1 will be drilled this calendar year. If it is drilled this year I'd expect a reasonable run-up in the share price given the points made above.

[mjapac32] 13/5/2024 18:37

At least Geoff cleared out another bashing poster who got it soo wrong !Maybe you can do the same now ?

[mjapac32] 13/5/2024 15:59

Sea of red over at helium one again I see