Kev, the reason you see this as poor investment and a superb gamble is because you are not here for an investment case. You have made your position quite clear when it comes Aminex "I'll exploit this dog of a share at every opportunity presented" were your exact words,so I hardly think your are really best qualified to comment on the investment qualities of Aminex.
However, as always Kev, I will humour you !
Aminex has more than enough money in the bank to thrive until next July. At this point our $8m loan is due and although we will be in production by then and receiving funds from Shoats creek, we will not be able to pay off this loan outright. So Jay has said he will secure a non dilutionary RBL type loan to not only payoff that loan but also purchase more development acreage ( probably proven oil field), and to allow us to drill at least 2 wells in Ruvuma. We now have a very accomplished BOD who have provided Aminex with new direction and an exciting future. We will be beginning our first production early next year which will change us from explorer to producer and guarantee us a regular income of circa $15m per annum, for starters. This however is just the start because our acreage has been proven to hold vast amounts of gas reserves and now chance of a serious oil liquids play, which is enough to keep us exploring for decades to come. We now have a secure foundation with huge blue sky potential and that's where the attraction is. I really would like to hear your reasoning for this company not being a safe investment, if you could please do so without swear words that would be appreciated ;-)
We have a wealth of news coming our way which in my opinion will naturally propel our share price much higher as the Aminex story becomes even more secure and compelling for the markets. The big boys will be all over us in the coming months and we will be hitting the headlines.
As always, this is just my thoughts and opinions and anyone is quite with in their rights to disagree.
My apologies in advance to who believes I shouldn't be posting this here as has nothing to do with Aminex (btw I am invested here). I'd like to know where can I see the latest companies comingin to the stock. I have seen great performance in comanies recently included, have done some research but found nothing to spot this new companies. Is there a register or a software for this matters? Thanks in advance.
JoeCreed, I don't think you're a ramper at all. Your views are always honest and that can be seen by the fact that your posts aren't always positive - merely honest. I wasn't referring to you in any way.
The one certain way to spot a ramper is when every single comment they make is gushing with positivity. That's simply unrealistic. Even the people we love have faults - never mind a faceless company!
Anyway, I see good hope for AEX in the future. I think many investors have already factored in the GSA so the spike from its announcement may not be as good as some would have us believe. The CPR has been created by some as a big deal whereas it's really just a formality. It might get a spike because it's been hyped so much but a retrace will follow just like it did (and I predicted) when Mr. Bhatterjee's comments about 'potential' oil plays led to posts here with headings like "Oil oil oil oil" . For day traders a good time to get in would be now. Then they can sell 2/3 days after GSA announcement which should also lead to retrace but not as marked as the CPR retrace. As I've repeatedly stated Aminex is a superb gamble but a poor investment.
Some of us have followed this down from 16p and probably some a bit more. Its one of the companies that I have become connected to which as anyone would say can be a real issue s you never know when to quit. Really pleased that I kept the faith although more than once I nearly wobbled. Believe there could be some amazing returns here and anyone who got in around the 1p mark well going to be a real life changer. Good luck to you.
When you read back the articles, We have come a long way, When I started investing earlier this year the news flow was mostly negative, This sp is going to break records , From bust to boom in the space of 12 months . Its an amazing story. Feel sorry for those that sold up , It must be frustrating seeing the sp surge knowing it could of been them
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