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Fund Manager Chris Bailey talks about an opportunist 2017 for investors Watch here

Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Aminex Share Chat (AEX)



Share Price: 2.74Bid: 2.73Ask: 2.75Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.02Spread as %: 0.73%Open: 2.525High: 2.765Low: 2.525Yesterday’s Close: 2.74


Share Discussion for Aminex


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Webmoor
Posts: 1,305
Observation
Opinion:Strong Buy
Price:2.74
Good Morning
Today 01:24
Here in the South of France the weather is calm and the days mostly sunny; the only black today for me is the Brexit speech which should drive the market up but the poor old pound will probably get a battering. Not a great start still none of this should affect AMINEX and I personally expect the SP to rise again, by how much remains to be seen 3p should be possible; which leaves a lot for people to play for, if the BB is anything to go by. Solo made some progress yesterday but is still playing catch up, today could change that.

All the possibilities and figures have over the years been talked to death had a second coming and talked to death even more; but the facts remain that in spite of lots of adversity AMINEX has made progress over the last twelve months, the culmination of which will be the DRILL at NT3; whatever happens with this current DRILL we have another just a few weeks away and if that is also a success then AMINEX will be well and truly mapped out for a great future. with everyone concentrating on the current DRILL the potential of NT3 is being overlooked!

When revising my research into AMINEX the second DRILL was the ice on the cake and it was the total potential that kept my interest since last year when I could have bailed out with a profit. there is so much more here than just this DRILL we have a vast area to explore further; even deep water potential in areas right next door to already discovered GAS. We all understand that this will take some time to come to fruition but it will come and the opportunities are not just to power up Tanzania industry but to also provide gas for neighbouring countries with the possibility of exports world wide. It was this potential that kept me riveted to AMINEX and I sincerely hope to see lots of progress in the near and long term.

We all have to do our own research and this is just my personal outline thoughts I do not wish to RAMP the business but it is necessary for new shareholders to understand what they are investing in; not just the current DRILL but two and a future which over time should reap benefits not only for shareholders but for the people of Africa especially Tanzania.

I have noted with amusement all the crap talked on the BB regarding green energy electric cars, battery spills yes all very funny; the fact remains if you do not have electric light or a toilet or a job not to mention all the other privations we in the sophisticated excessively rich west have no comprehension about the need for just simple energy supply is like a gift perhaps even of life itself. This is also part of what AMINEX will achieve and already has done; in no small manner. yes crappy electric cars is just a sop to the environment, but if this and NT£ drill is successful we will all have contributed to the environment reducing mans footprint just simple things such as electric to cook with rather than chopping down trees for fuel.

Anyway just my thoughts GLA
 
Tanzania
Posts: 80
Off Topic
Opinion:No Opinion
Price:2.74
Joe Creed...
Mon 23:38
Wasn't Joe mainly posting on iii in the dim and distant past ?
MrFloyd
Posts: 939
Observation
Opinion:Strong Buy
Price:2.74
Investor tester
Mon 23:04
Aminex have a large loan that I understand from JB's comments in a recent interview is being paid
Down with the funds from gas sales
Although, no figures have been released to market i.e. How much we are paying, how much is left outstanding etc.
This loan has been deferred many times with a large additional fee for extended every time
Until we have been told these figures it's difficult to judge how much money is "in the bank".
The Zubes investment is funding NT2 and NT3 drill
GLA
MrF
Sambo12
Posts: 302
Off Topic
Opinion:Strong Buy
Price:2.74
RE: Market cap
Mon 21:45
Haha, I think the 5p is going to be a messy affair. I'm very much up for it. Everyone will be buying everyone else rounds to celebrate! We'd drink the place dry!! Unless it was help at gaslady's place, as she might have the stock in from majestic by then :-)

A fantastic day today! It was a miserable wet cold Monday here in London, and the SP action brightened up my day. Here's to more days like today in the build up to results :-)
Investor_Tester
Posts: 147
Off Topic
Opinion:No Opinion
Price:2.74
Another important item
Mon 21:36
Sorry , being doing some more homework and thought important for one more post for the evening :-D

AEX has a producing asset (Kiliwani North) which is pumping out 15-20 mmcf. In addition, AEX has an arranged sale agreement with Tanzanian government @ $3 per Mcf. (btw , 1mmcf = 1,000 Mcf) , so 15mmcf = 15,000Mcf per day!

Over 30days @ $3 per Mcf , the well is delivering revenue of $1.35mil per month or $16.2mil per year.

HOwever, AEX only has 54.575percent of this block...so the revenues in turn are worth $8.8mil per year

This is great and we have production that can fund future drills.

Pending the next well (Ntorya-2) , hopefully some more mmcf from that to contribute to more production

Folks , we're in for a great year ahead :)

CHeers

IT
Investor_Tester
Posts: 147
Off Topic
Opinion:No Opinion
Price:2.74
Another important item
Mon 21:36
Sorry , being doing some more homework and thought important for one more post for the evening :-D

AEX has a producing asset (Kiliwani North) which is pumping out 15-20 mmcf. In addition, AEX has an arranged sale agreement with Tanzanian government @ $3 per Mcf. (btw , 1mmcf = 1,000 Mcf) , so 15mmcf = 15,000Mcf per day!

Over 30days @ $3 per Mcf , the well is delivering revenue of $1.35mil per month or $16.2mil per year.

HOwever, AEX only has 54.575percent of this block...so the revenues in turn are worth $8.8mil per year

This is great and we have production that can fund future drills.

Pending the next well (Ntorya-2) , hopefully some more mmcf from that to contribute to more production

Folks , we're in for a great year ahead :)

CHeers

IT
pyjamaboy
Posts: 1,269
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.74
Joecreed
Mon 21:29
Are you still around . Miss you pal .
edgar222
Posts: 200
Off Topic
Opinion:No Opinion
Price:2.74
Welcome BUT
Mon 20:59
Glad to see new investors...

But Aminex is not an Aim share.
TarryBreeks
Posts: 238
Observation
Opinion:Strong Buy
Price:2.74
RE: The future
Mon 20:59
Well you're right about one thing Investor_Tester
Aminex won't be listed on AIM for long ... or ever in fact. It's a main listed share with a primary listing in the Irish Stock Exchange.

I'd stress you check out the last 6 months of Aminex "presos" and press releases and erm ... find out which exchange it's on ;)
kempey
Posts: 182
Off Topic
Opinion:No Opinion
Price:2.74
RE: The future
Mon 20:00
SOU only has 665m shares in issue but point taken as to potential market capitalisation which is 4 x our current MC. 4 x current share price = 11.2p Not sure of SOU's asset size but potential 4.2TCf at Nyuni would be a major onshore gas field which should take us into double figures.




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