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Aminex Share Chat (AEX)



Share Price: 1.25Bid: 1.20Ask: 1.30Change: -0.05 (-3.85%)Faller - Aminex
Spread: 0.10Spread as %: 8.33%Open: 1.30High: 1.30Low: 1.25Yesterday’s Close: 1.30


Share Discussion for Aminex


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TIPTOP
Posts: 7,526
Answer
Opinion:Strong Buy
Price:1.25
RE: Re: News
Today 22:20
I agree Crusty re. Ruvuma extension but it will be interesting to see in what form it arrives. It would make more sense to have a 3 year extension across REA and a 1 year extension for RAA. Once N2 is drilled and proves gas we could then apply to have RAA area ring fenced under a 25 year development license (RDA). This way we will have 3 years to explore the rest of our Ruvuma acreage although if N2 fails it would put us under some pressure to drill another appraisal well to prove up Ntorya.
What does the TPDC get out of this deal. Well Jay has some leverage if the TPDC want us to concentrate on developing our Ntorya discovery to supply a faster gas source, rather than drilling the shorter REA deadline which would be wildcat and not necessarily close to new gas line.
 
CrustyPete
Posts: 2,260
Observation
Opinion:Buy
Price:1.25
RE: Re: News
Today 21:34
Having had the conversation you are undoubtedly in the best position to make that judgement but my view is that the news announcement is more likely to be about Ruvuma extension - at least I hope it is.... That to me is the biggest and best peice of news as it facilitates conversations around funding and farm-in; though KN1 flow rates at commercial production date also required.

:-)
IrishNovice
Posts: 40
Off Topic
Opinion:No Opinion
Price:1.25
RE: Re: News
Today 21:21
Am starting to get a positive feeling about this one after 3 years on edge. Bod and pr company giving off very upbeat positive vibes of late .it will just take time and patience and thankfully I have lots of both 😀
IrishNovice
Posts: 40
Off Topic
Opinion:No Opinion
Price:1.25
RE: Re: News
Today 21:18
Thanks for the update irishmouse.Am pt
irishmouse
Posts: 1,341
Off Topic
Opinion:Buy
Price:1.25
RE: Re: News
Today 19:57
Just a ps to my last post,reading between the lines,I feel that the April invoice has been paid and this will be confirmed soon,only my opinion but now feeling more upbeat.Billy was most obliging but has to be careful what he says.He asked for my e mail address so I could be kept up to date.
edgar222
Posts: 94
Off Topic
Opinion:No Opinion
Price:1.25
Just bought more.....again
Today 19:45
No point railing against the stupid market. Take the gift it is giving and buy cheap.

That's what I have done today. Again.

I have no particular timeframe in mind but I am confident I will make multiples on today's purchase.
irishmouse
Posts: 1,341
Off Topic
Opinion:Buy
Price:1.25
View Thread (2)
RE: Re: News
Today 18:53
Sorry I am late in posting but had a hectic day.

Billy from Caramco phoned me back at lunchtime,very nice and informed chap.

The terms of the GSA are as stated and the April invoice has been issued.

Payment and gas flow questions were replied with "I can't answer that" I feel this could be price sensitive.

Other questions asked he told me he did not know the answer.

He did however tell me that a news release was due shortly.

This six month credit is for the first months production invoice only,after the first month it will be on pro forma invoice.

Hope this helps
CrustyPete
Posts: 2,260
Observation
Opinion:Buy
Price:1.25
RE: Re: News
Today 17:27
I agree with vike; the RNS said that T&C gas would be paid on invoice but does nlt make clear the invoice terms; I think it is simply a case of the RNS choosing not be be clear. I am sure this was known all along as I said earlier today. Indeed weeks ago when I said "it will be interesting to see how long it takes to get paid....?" I was anticipating months rather than weeks due to the experience of WRL et al.... So I can't say that I am the least bit perturbed by the issue. As long as it comes by September when we need it to drill NT2 fine by me.

And for me the T&C gas has always been a red herring (and will be peanuts anyway imo); the real issue is the "Date for Commercial Production" and the blessed flow rate - for which as vike has repeated yet again we will be paid "IN ADVANCE".... Hopefully in July or August at the latest.
Flandy25
Posts: 147
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.25
Re: Keep it civil
Today 17:08
Guess we'll soon see, mbolea. Wouldn't worry though, any short term drop in price just presents a buying opportunity, imo - could prove to be an unexpected gift ;)
mbolea
Posts: 261
Off Topic
Opinion:No Opinion
Price:1.25
Keep it civil
Today 17:00
I haven't looked at this board for a while, so surprised to see how bitter it seems to have become. What a shame, as it used to be one of the best ones.

On the RNS language regarding payment for T&C gas, there is no doubt that it is saying that payment was due on invoice which would happen each month. So I am surprised that the BOD would give different information at the AGM without a clarification. From a commercial point of view, I don't see this as a major issue in the long term (as long as TPDC pay when due). But any clarification now will probably result in an overly negative short term reaction, so any holder is probably happier to leave it as it is and not rock the boat.




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