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EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


Aminex Share Chat (AEX)



Share Price: 2.45Bid: 2.35Ask: 2.55Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.20Spread as %: 8.51%Open: 2.45High: 2.45Low: 2.35Yesterday’s Close: 2.45


Share Discussion for Aminex


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cperkin
Posts: 13,282
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.45
RE: Tendering & Seismic
Today 15:44
Get the farm out done and rig tender complete by next month and get on and drill this baby!

https://www.dropbox.com/s/b4tdls493h0lb5o/Screenshot%202018-02-02%2010.06.19.png?dl=0
 
Celticheart
Posts: 14,093
Observation
Opinion:No Opinion
Price:2.45
RE: The neighbourhood
Today 15:41
No hope required
Drewky
Posts: 4,699
Off Topic
Opinion:Strong Buy
Price:2.45
RE: Tendering & Seismic
Today 15:31
Not sure of your point Willow it seems that was a criticism of Tanz government and their pace they do deserve some of that, but my point was; it is AEX who must have applied for the (EIA) which was approved by (NEMC) so it is our intent to do those seismic surveys and my question is why now? Why, if we already know where the next 6 drills are going to be? (They have shown us the locations already). In my view there can be only one reason for spending that sort of money and that would be to chase the oil because there is surely no rush to do it otherwise?

I wondered if others feel the same
willowpillow
Posts: 1,769
Off Topic
Opinion:No Opinion
Price:2.45
RE: Tendering & Seismic
Today 15:08
Preficisely drewky, I see there is lots of talk about demand outstripping supply. But clearly it isn’t that much of an issue otherwise these licenses would be signed asap. I think aminex are dealing with government officials who want things done a certain way and not necessarily the right way. Tanzania wants to grow economically but it also wants to do it mostly by itself. That is a pipe dream and they need to wake up
Drewky
Posts: 4,699
Off Topic
Opinion:Strong Buy
Price:2.45
Tendering & Seismic
Today 13:45
"The tendering process for a rig to drill Chikumbi-1 is due to close during the current quarter with an expected spud date later in the year, exact timing of which will be dependent on rig availability."

Just looking again at this because it occurred to me that once the tendering process has been completed the Bod and engineering team will have to sit down to consider the best options and so we may not know the outcome of this before the AGM or even later. In saying at 9th April that the process closes during the current QTR means it could already be complete and awaiting the Bods decision so, although it seems unlikely on the last years track record, we could also conceivably get an update on this at any time. (Tuesday Please)

Further...
"The National Environment Management Council (NEMC) has approved the Environmental Impact Assessment (EIA) status for the acquisition of further 2D and 3D seismic data over the Ruvuma Production Sharing Agreement acreage, focusing on the Ntorya discovery area."

As the NEMC approved an application there is an obvious intent to carry out these further surveys. I would ask that as we have already seen the road map through to NT8, would they be doing these surveys to better target those drills or are they looking for more deeper potential oil targets?

Point being that if these eight drills are mapped out as shown in the presentation, then at the pace we have been going so far, what is the point in spending money at this stage searching for more unless of course the chase is on for the oil?
milender
Posts: 1,047
Off Topic
Opinion:No Opinion
Price:2.45
RE: Re: Most boring share
Today 08:15
Mid August !! What year though?
Apache66
Posts: 1,850
Off Topic
Opinion:No Opinion
Price:2.45
RE: The neighbourhood
Fri 22:45
We live in hope shipmate.
John2015
Posts: 2,448
Off Topic
Opinion:No Opinion
Price:2.45
RE: Bank holiday
Fri 22:32
40% would take me to break even !
willowpillow
Posts: 1,769
Off Topic
Opinion:No Opinion
Price:2.45
RE: Bank holiday
Fri 22:18
I’ve seen it a lot that when smaller aim companies get interest from a major the sp gets hammered, but in some cases when the news lands it can be a real game changer. Wouldn’t be surprised to see a 40% jump over a couple of heavy trading days if farmout news is good.
NorthernMagic
Posts: 955
Off Topic
Opinion:No Opinion
Price:2.45
RE: Bank holiday
Fri 22:09
Hi willowpillow,
It could be that they really do work quite hard. The issue I have and have had for a long time now is they don't appear to be able to move things forward - whatever the reason for that is. To me it doesn't help that we get the constant cycle of big news, no action, sp drifts down repeat the cycle. It's a vicious circle. If they can just start to turn it round - big news, action, sp moves up and repeat the cycle I think we'd be invested in a very different company. Trying to be realistic and optimistic - if they do have real plans for the second half of the year lets see them execute those plans and lets see them work hard for the benefit of all shareholders. Who knows by the end of the year it might seem like we are invested in a company that is going places.
Atb,
Northern




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