As warren Buffet said it is all about the patient taking from the impatient, I am certain that many PIs would be better suited to buying a lottery ticket as they patently have no idea how business is done. These things take time, we are talking millions here not a few pounds in a post office savings account.
I for one am going nowhere and will buy more on any retracement.
Where's Rojo? Have you scared him off or has he escaped to the sun. I see shareholders becoming impatient with lack of news and selling out. I for one never expected news until late march/early April simply because there is so much work to be done to finalise any deal. Negotiations with various prospects take time as I believe Aminex may be seeking a partner to commit beyond just the next two drills. If that's possible. Otherwise we will be repeating this exercise in a few years time. SD deliberately expressed this element when FEC were hired to oversee the bid process. No details about the terms of the bid process were announced, so we are in the dark here about that.
I don't know whether there is anything in the Aim rules that will force Aminex to name the bidders. We may just have to wait it out until the BOD agreed terms with a prospect. It should be worth the wait.
I also had CW. in my ISA and eventually sold at 38p.That's how the FTSE Companies behave by sticking to the rules and regulations.Here on AIM is almost like in a cowboy world,rules hardly apply to some of BoDs.Stach.
Certainly worth doing it with GKP. There's an article on Genel in In the Daily Telegraph with a buy recommendation. - another big oiiy in Kurdistan. Seems that Genel believe that the political wrangly will end in the near future and the possibility of an oil pipeline to Turkey to access international oil prices.
Tanzania is underexplored but is fast becoming an international oil and gas exploration hot spot. The country has grabbed petroleum industry headlines over the past 12 to 18 months following the announcement of several sizeable gas discoveries in the offshore. It is now attracting the attention of industry leaders, with companies such as Shell, Statoil, Total, Petrobras, Exxon and Tullow entering the country to explore both offshore and onshore. Tanzania is considered to have significant exploration potential within the offshore deep water blocks and within numerous onshore basins such as the Ruhuhu, located in the central and western parts of the country.
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