Share Name Share Symbol Market Type Share ISIN Share Description
Aminex Plc LSE:AEX London Ordinary Share IE0003073255 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.05 8.7% 0.625 7,562,236 12:08:21
Bid Price Offer Price High Price Low Price Open Price
0.60 0.65 0.65 0.60 0.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.27 -11.48 -0.31 23
Last Trade Time Trade Type Trade Size Trade Price Currency
13:37:30 O 77,473 0.639 GBX

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Date Time Title Posts
26/11/202014:00AMINEX - roll up for the East Africa show!73,823
12/10/202020:37Aminex PLC - Exciting times ahead.355
12/10/202020:36Aminex hopes to sign GSA within ten days 2
12/10/202020:36AEX shares rose to a six month high, Shore Cap comments1
12/10/202020:35The New Thread1,348

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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 0.58p.
Aminex Plc has a 4 week average price of 0.58p and a 12 week average price of 0.38p.
The 1 year high share price is 1.63p while the 1 year low share price is currently 0.38p.
There are currently 3,643,458,062 shares in issue and the average daily traded volume is 22,169,654 shares. The market capitalisation of Aminex Plc is £22,771,612.89.
jdk14: So jotoha - are you saying that if I put £1000 into AEX I am GUARANTEED to get back £20,000? Only 2 things in this world are "for sure" and it's not share prices!!
stonefold: A US president gradually reducing US tax subsidies to US Oil companies, will in time reduce the profit margin of US Oil companies. That would either make US Oil and Gas production and exports decrease or US Oil prices to the US market increase as the user pays more of the cost of production. Similarly if US federal government land stopped issuing new hydrocarbon extraction permits that would diminish the pool of available resources, which would reduce supply and increase US prices. A reduction of US exports of Oil and Gas would allow for an increase in world prices of Oil and Gas as the world would no longer be flooded with cheap US shale Oil/Gas. All of this would have either little effect or an eventual increase in the prices paid for Oil and Gas in Africa. The only share prices that would be effected now from such news would be for companies who are now or planning in the future to extract hydrocarbons from the USA. First Biden has got to get elected and deal with any appeals, then he would have to try to get his laws passed.
murphy2000: Effective 1 April 2020, the senior independent non-executive director (and Chair of the Audit & Risk and Remuneration Committees) (SID), Linda Beal, has irrevocably waived her annual fees of GBP35,000 for the next 12 months. -- The Chairman and SID have waived contingent additional fee awards of GBP175,000 in total awarded in 2019 expected to become payable over the coming year to save cash costs. -- No fees will be paid to directors for significant additional working days over the last few months or for the next year, caused by the significant reduction in Board numbers which in itself has saved circa US$900,000 compared with early 2019. The share options granted to directors and set out in the PDMR notifications of 1 May 2020 will vest over two years and have performance conditions based on share price growth aligned with the Company's strategic objectives so that the directors' interests are aligned with shareholders' interests. 40% will vest over two years (in 24 equal monthly instalments); 20% will vest on the later of 30 April 2021 and the share price of the Company having been at least 1.5 pence for a minimum of 20 consecutive business days; 20% will vest on the later of 31 October 2021 and the share price of the Company having been at least 2.5 pence for a minimum of 20 consecutive business days; 20% will vest on the later of 30 April 2022 and the share price of the Company having been at least 3.5 pence for a minimum of 20 consecutive business days. Since 20 April 2020, the Company's senior employees have also agreed to accept between 20-40% temporary salary reductions during a period of intense workload for both the Board and many employees in return for options (which will be granted on the same or similar terms and conditions as the options granted to directors) as Aminex closes in on completing the Ruvuma Farm-Out and other essential activities. Paying its directors and senior management for the days that they work will increase the Company's costs significantly and so the Board considers that it is in the best interests of the Company to maintain an adequate level of capability with current staff and director levels, not to pay for additional days' work, reduce cash remuneration, and reward such staff and directors with share options. So to hit 3p by Feb1, then a pull back before taking off again to hit 2017 highs around 7p, matey there are better opportunities else where for long suffering share holders but at least the directors now hav an incentive to get this show back on the road. Good luck to all.
888icb: I have been in this for about 12 years so I am familiar with the delays. I think you are missing the point about the 11 days. It’s a question of trust and confidence which AEX needs to restore. That failure to deliver when expected has in my view caused a number of people to bail out on the initial spike and wait to see what happens. I am certainly not selling as this is worth multiples of the current share price Let’s hope ARA have been making preparations and an early drilling date will be announced very soon.
888icb: This is good news today moving the company forward and it is disappointing to see the market reaction today. I think much of the blame lies with a poor choice of words by the CEO in the previous RNS when he said today’s RNS would come in the next few days. It has taken 11 days when people were expecting 3 or 4 days. AEX has a long history of missed deadlines which has eroded confidence. This was an opportunity to set a clear timeframe and deliver. Those 11 days have caused people to become nervous. The new CEO needs to regain the trust of shareholders by delivering on time and getting the share price back to 3p and beyond. Let’s hope when the sellers have finished investors can see that there is considerable upside from the current price and start buying.
kevjones2: Wearing my negative hat: AEX have never learned how to communicate properly. They continually make commitments and miss them (this is about the 45th missed commitment in 7 years). The share price will continue to drop until/if the RNS comes which could be months away. Wearing my positive hat: I suspected the government were holding out until just before the election (see post from 30.09.2020 below). Now they are delaying the official announcement until the days leading up to the election. This augurs well for AEX because it means the deal is so big the government think it could influence the election: KevJones2 - 30 Sep 2020 - 10:06:59 - 72987 of 73434 AMINEX - roll up for the East Africa show! - AEX The government could be holding out pre-election to tell the voters they're holding on to the country's resources OR they want to make a big announcement just before the election? =================================================================================== What I really think: the RNS will come when Tanzania feel like it. The lack of trust in AEX after years of missed commitments causes the share price to drop quicker than other companies that might miss a commitment. Nevertheless, it will come. I see 2.5p in the 5 days after the RNS. The usual dwindling share price will happen again until more news but we'll be resuming from a higher level share price
888icb: This is a reminder of the RNS We are delighted to finally receive Government approval of the Farm-Out and would like to thank all agencies of the Tanzanian Government that were involved in the process. We would also like to thank ARA Petroleum for its invaluable assistance and support in securing Government approval of the Farm-Out and in advancing $5m to the Company over the past 12 months. We now look forward to completing the transaction within the next few days and handing operatorship over to APT." Normally you would think within the next few days meant less than 1 week but arguably it could be a little longer as we now know. AEX have such a long history of missed deadline s(usually not their fault to be fair) so it is important now that deadlines which should be within their control are met. I am just wondering whether they are trying to sort out Solo’s 25% of the project at the same time as the Farm Out. It needs doing and it would give an indication of what the project is likely to be worth. You would think this had been pretty much sorted in advance as they have waited so long for the Government approval. So perhaps the next RNS will be more than we are expecting and really get the share price moving north again.
jotoha2: Range , you really must try and keep up , nobody said the share price would be 5p in 2 weeks , so back of the class for you , Aex is starting to fly , so enjoy it , my numbers say 5p will be reached at some stage not 2 weeks.
justtrying1: Wow just found out something and it will tank the share price tomorrow as word gets outOuch!!Pmsl shorts win again Val high of 66p then slammed to 21pSkin high of 70p then slammed to 25pAex is next back to 0.4p guys sorry
888icb: Today marks the end to an unbelievable delay even by AEX standards over more years than I care to remember. All essentially due to the same cause namely the Government of Tanzania causing the delay. It should be remembered that when it was thought today’s permission was going to be granted more than 2 years ago the share price went above 7p and the market cap over £250 million. The market cap on today’s rise is circa £40 million. There is on the face of it no good reason why this should not achieve its earlier high. We should therefore expect this to see this rerate a lot further in the coming days and weeks as the Farm out completes and the drilling gets underway.
Aminex share price data is direct from the London Stock Exchange
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