A very interesting week ahead as Kiliwani has been pumping for a month , rumours are still circling about Aminex buying new assets plus the Ntorya drill plans should be concluded soon. Aminex is in a transformational year with our first production, first profits and the drilling of the much awaited Ntorya 2 well. This SP will rise :-)
I believe this is to do with Magufuli's plan to get shot of expensive energy supply contracts signed up to several years previously before Tanzania had it's own significant gas supplies on tap. He is working with the Attorney General to find legal loopholes to get them declared null and void. Nothing to do with us, just means frees up money for the Tanzanian Govt. that they can put towards projects such as electrification of rural areas
For the moment the gesture of Jay seriously looking to purchase new assets is more important to me. This shows Aminex in a very strong position as he feels comfortable to expand in this manor. Which assets or even if we take on any remains to be seen but all good for sentiment either way. Bring on the next chapter of Aminex's move to the top :-)
Well if it proves to be true it will be a shame of course but hardly a surprise; if the assets are as attractive as was suggested by many on this board there were always going to be bigger, better capitalised, more cash rich or credit worthy companies in the mix....
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