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Share Name Share Symbol Market Type Share ISIN Share Description
Aminex Plc LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.025 2.56% 1.00 8,428,329 11:31:24
Bid Price Offer Price High Price Low Price Open Price
0.95 1.05 1.00 0.975 0.975
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.11 -6.33 -0.17 36
Last Trade Time Trade Type Trade Size Trade Price Currency
14:03:05 O 238,234 1.039 GBX

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Date Time Title Posts
26/1/202312:21AMINEX - roll up for the East Africa show!78,204
17/1/202308:01Aminex - Gas Exploration and Development in Tanzania178
01/8/202212:57AEX26
24/2/202214:58TITS - This Is The Speculation Thread254
30/11/202106:21Aminex PLC - Exciting times ahead.356

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Aminex (AEX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:03:071.04238,2342,475.25O
13:51:551.031,500,00015,375.00O
12:55:360.981,500,00014,655.00O
12:38:531.0120,409206.33O
12:01:341.04150,0001,558.50O
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Aminex (AEX) Top Chat Posts

Top Posts
Posted at 27/1/2023 08:20 by Aminex Daily Update
Aminex Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker AEX. The last closing price for Aminex was 0.98p.
Aminex Plc has a 4 week average price of 0.95p and a 12 week average price of 0.88p.
The 1 year high share price is 1.38p while the 1 year low share price is currently 0.71p.
There are currently 3,643,458,062 shares in issue and the average daily traded volume is 3,144,260 shares. The market capitalisation of Aminex Plc is £36,434,580.62.
Posted at 18/1/2023 18:48 by geoff96
"That tells everyone that ARA had a rig lined up for March as that is when it is AVAILABLE, otherwise they would not have advised AEX that the spud date would be March"

Key word being HAD! Again what a load of tosh, it isn't obvious to anyone because guess what, Aminex/ARA have collectively failed in every target they have ever set. As expected share price going the wrong way and still piddling around a pathetic penny. Real growth that! It's a dog of a share with a few loyal followers hoping for a miracle.

Posted at 17/1/2023 23:24 by skinwalker
Objectivity is a total mystery to most here. The majority don't know how to spell it.
For them, it's all obvious.
Those who post negative or critical posts are 'derampers' - clearly trying to reduce the share price so they can buy in at a lower price.
Rampers on the other hand are trying to move the share price upwards, either to make a profit or reduce losses.
If only life was so simple...

Posted at 17/1/2023 19:10 by 888icb
AEX is not being dishonest or deliberately misleading. AEX is not the operator and has no control over the spud date or the rig. ARA have full control of the drill and AEX can only issue to AEX shareholders information that is sent to them by ARA.
The deramping is the only thing that is dishonest and deliberately misleading on this bb.

Posted at 17/1/2023 16:35 by geoff96
"Geoff, I guess you haven't noticed the rising trend AEX shares have been in the past year or two. If I were you I'd ask myself why is that. : )"

I refer back to my original point regarding your comment above, Aminex was trading much higher just a few years ago compared to where it is today. Therefore the majority that have been invested for any considerable period of time are under water.

Yes they farmed out, yes the government said they would get on with the project, but we are still yet to see a single RNS that amounts to a considerable and sustained rise in the share price

Hence the tiny rises that will always be eradicated when they inevitably kick the can down the road.

As for previous correspondence, forgetting to source a rig is the very definition of incompetence.

Posted at 11/1/2023 13:56 by geoff96
And there lies exactly what is wrong with this awful company.

We are waiting for this, we are waiting for that, we are waiting for this x10.

All that matters to investors is the share price, no one cares about how it gets there.

Aminex has absolutely and fundamentally underperformed in every way imaginable and has still to release any substantial news that sees a consistent rise in the share price!

Posted at 10/1/2023 09:54 by blackgold00
Skin, there's always a chance, but we are now getting closer to March when they are expected to start drilling, so without negative news in the short term, to the contrary, i would expect excitement and share price to build as we move nearer to March. Time will tell, though I'm expecting news soonish re SCIR completion, the 3D first phase interpretation, along with confirmation of the CH1 drilling site, and hopefully ARA and TPDC gas pricing negotiations agreement, along with rig selection contract and spud date.so potentially plenty of share price enhancing news coming down the pipeline. Fingers crossed. : ) Oh, and by the way, I'm called Geoff as well.
Posted at 09/1/2023 17:26 by geoff96
BG, I would hardly call a share price of a penny recognised potential! If the potential was so fantastic as you self proclaim, I do believe the share price would be rising in anticipation would it not?

I am going to make the assumption that you first invested in AEX a good 8-10 or so years ago and have been chasing the rainbow ever since and heavily underwater. Something I guess could either be admired for being so loyal shall we say , or be viewed as rather foolhardy given the past reflections of a company that have kicked that can so far down the road they have lost it.

What has age got to do with anything? may I make another assumption that you are more aligned to the 1950's and shares now rise on actual news and dissipate much more quickly that the good old days?

As I said before, we will see imminently when the dog has eaten the drill plans ;)

Posted at 05/12/2022 08:15 by whoppy
Zubairs hold 29% of AEX so I'm sure would have something to say about any buyout of AEX. Does look like AEX could be on the radar for a buyout. I bet M & P were hoping WEN got SCIR's 25% as way in on Ruvuma. Unfortunately for them the Zubairs have Ruvuma all sewn up for themselves and will protect their interest even if that means a competitive bid for AEX. AEX in a strong position. Cash from the WEN shareholder will come over to AEX.
Posted at 02/8/2022 10:13 by 888icb
A Precedent for AEX’s forthcoming Rerate.
As a long term shareholder in 2 oil and gas companies that had both hit hard times and very low share prices, I would put forward the recent history of one as a precedent for AEX over the next few months.
If you look at Chariot (CHAR) which is a very similar story but the appraisal drill was offshore Morocco by a company that had been at a very low price for some time. They announced their 3D seismic in September 2020 and it moved the share price above 2p for the first time in along time . It was 6.9p at the end of October and 8.2p at the end of November even though the drilling was over a year away in December 2021. AEX will drill in less than 4 months. CHAR’s drill was successful and has been as high as 24p.. It is currently around 20p as it discusses farm ins and financing. First gas is targeted for 2024.That is an illustration of a 10x increase in share price starting from the release of seismic.
There are a number of reasons why AEX can do even better than CHAR because the time period between Seismic and drilling is so much shorter. CHAR had 3 placings between seismic and drilling and had a further one in June. AEX has no requirement for placings and is carried to first gas in 2024. CHAR currently has targets from analysts of 3 to 5 times its current share price It should also be remembered that when CHAR released it Seismic and did its drilling we hadn’t had the recent massive increases in gas prices which transform all the numbers.
Clearly I haven’t compared the resource figures but I dont think that is necessary for this illustration but what it does show is that the current analyst target on AEX 0f 3.7p ( which may well be increased when the 3D seismic is released) should be easily achieved as its only a 290% increase on the current share price

Posted at 01/8/2022 12:28 by 888icb
There is a very good post on lse summarising how AEX got to where it is today:
“ Looking back01 Aug 2022 13:00
We were having a bit of a chat on one of the Telegram sites about the dangers of looking back when investing and having that unduly affect our expectations for the future. Then, it occurred to me that the history is interesting as a way of reminding us why the share price is currently so cheap, what has changed and how little those changes seem to be reflected in the share price. Thought those thoughts might be of interest to some folks on here...

In Q1 2017 Aminex did the last drill. The share price rose to 7.5p

14 months earlier, Magafuli came to power. That drill was the last meaningful operational activity until this year. The Magafuli government blocked any progress.

Aminex had no revenue. Our exploration licences expired. The Tanzanian government was reviewing license agreements to increase their share of profits and to take away international court arbitration, etc. Very bleak times.

Aminex and the Omanis proposed the farmout deal. This was announced on 11 July 2018.

By 30 Sept 2020 about 10 deadlines for government approval of the deal had passed. The Omanis gave one last deadline and threatened to walk away. The end of Aminex was looking like a very real possibility. No money, no income, no license, no plan and a hostile regime in the way. Share price around 0.45 to 0.5p

The farmout was finally completed on 23 Oct 2020. The share price rose to 1.4p but there was no other progress due to the TZ authorities.

Magafuli died 17 Mar 2021. The share price had slipped back to around 0.45p

Since then:
1. New President - pro foreign investment. She replaced Energy Minister. Told revenue authority to behave. Total change of rhetoric
2. License awarded
3. Tax dispute resolved
4. A clear plan to production by late 2024, with Aminex fully carried for its share of the $140m costs
5. Aminex has done a placing to ensure it has enough cash for G&A etc to get to production revenues
6. The 3D seismic over 338km/sq is in progress. The first operational activity in 5 years!
7. The next drill…and it’s the big one is only 3 to 4 months away.

For balance, I should point out that at the time of the last drill back in 2017, Aminex owned 75% of Ruvuma. We now have 25%. We do now have the free carry to production and the might of ARA to take care of negotiations (so very likely better outcomes for things such as price we get for gas, etc) and to deliver the project more quickly than Aminex would have been able to. Also, back then, Ntorya was estimated to have about 153 BCF. Now, at least 1.9 TCF!.

So, long story short. The share price is less than 2x the price it was when it looked like it could have been ‘game over’.

After the new President came to power everything started to change for the better. It’s surprising it is not up a lot more than that. The market will wake up in due course”

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