I am going to refrain from comment on the merits or demerits of a vote in either direction. But irrespective of the rights or wrongs it can hardly be a surprise to anyone that this is the outcome of a brexit victory,surely? If it is, well, words fail me.... The footsie 250 down 7% on two succesive days....? Small and mid cap slaughter.
Anyone got any ideas of when this might reverse? Come on brexiteers provide us with some words of wisdom.... Maybe consult Nigel?
Totally agree CP. I can't get over the naivety if this Brexit vote disaster. Forget hopes of an Aminex share price surge whilst all this mess plays out. And this is just the beginning. Along with reaping what you sow, must go "you learn from your mistakes" and I'm sure once people feel the pain of their misguided decision ( deep recession, lower wages, fewer jobs, poorer standard of living, social unrest ) they will wake up to the error of their choice. Shame we've got to live and work through this mess though and saddening to witness the swing to the far right ! Apologies for more off topic chat but I still feel very angry about the whole situation.
Evening TipTop, totally agree with your comments; I find it quite comical that many of our fellow brexit voters on this board are griping about how hard done by they are that after AEX release an RNS into this environment the sp isn't reacting appropriately...... Sometimes in this world you actually "reap what you sow". Today is that day. Oh and foer several months to come.
Market manipulation they cry; Yep quite right - that was the shorters voting for brexit. Or turkeys for christmas. Which is it?
Cannot believe how unlucky Aminex are here. A really positive RNS the fact they are shortly going to be producing around 30mmcfd from Kiliwani North seems to have been totally ignored and their price today appears to have dropped about 10% - at this price I do consider it a bargain - just wish I had some spare cash. I think they are unlucky in terms of the Brexit negativity affecting the markets just now. I'm sure this will be a good recovery share. Malcy seems to think they are doing all the right things and renegotiating the payment periodof the loan and extending the time for the drilling all seem to make sense and the move to start drilling fairly soon too. Well worth an investment at this price if you can afford it imho. GLA
Are a shorters paradise now the brexit vote has been given. You only have to look how the the rest of the companies performed today and its clear. We haven't even begun to feel any pain as a country yet. It makes me laugh how flippant the British public were before the vote sighting minor issues for the reason for leaving and not having any understanding of just how big the decision was. We could easily see the collapse of the EU which would most likely bankrupt many of the smaller and more indebted countries, as money markets would freeze them out. The UK could also see the collapse of the housing markets especially in London. Our citizens don't know the meaning of hardship. The wider market effects Aminex SP !!
However, Aminex has secured itself for another 18 months at least ! We have booked contingent reserves worth more than $100m (using figure paid by Solo). Our assets are based in the booming African country of Tanzania, we have an income due from Kiliwani in July, we are paid in US dollars and the future is bright for the company. A dwindling SP is always hard for people to swallow but this company has valuable assets and a great future, which can't be said for many small O and G companies !!
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