I wish I could respond to that question...we need production, a farm out partner and a good increase in reserves... Seismics can unfold some of our potential in Q3 we may see some potential oil as we have condensate and then we can get a partner, production early 2015, US sales God knows...Ophir just sold 20% of their assets in a Tanzanian block for 1.2 Billion dollars....for us to reach 10p we need aprox 200 million dollars market cap...achievable? Yes... when? You never know...
Reason of my post: I hold shares and I want to make money my selling target price is 10p
I am very tired as many others that I know of the altruists that love wasting tones of time posting so much non sense and projecting negativity in boards claiming that they don't have any agenda...Everybody have an agenda. Sometimes is amazing the timing of their posts. I will respect any poster that clearly indicate the reason of the posts... transparency is needed I believe.. I have an agenda, I hold a few million shares here and I point in my posts to evidences that pretend to demonstrate Aminex short/mid term huge potential in Tanzania. The pipeline project is progressing well, Tanzania needs to use the onshore gas as the offshore gas needs still a few years to be produced, the board is very responsive to my questions (that I value) and they own 1/8 of the company in shares....can you guys please indicate your agenda when posting here by putting at the beginning of your post the reason of it? Let's go to be transparent, some of the possible reasons could be: -I hold shares and I want to make money my target selling price is xxx -I hold shares but I want to add more cheaper and my short time buying target price is zzzz my long term selling price is yyyy -I don't hold shares I am just an altruist that want to help you -I don't hold shares but I want to buy them cheap and my buying target prize is -I don't hold shares but I hate the company and I want the SP to go down and even the company to go bust, explain the reasons.
Hi mate, don't know, I'm still reading back in the admission document to see what they initially paid for it.
If you take the time (not you directly) to contact the BoD, Jay in particular, then people will find out that every penny they want to spend is in Africa, therefore that suggests to me that shoats creek is no longer on the agenda.
The initiation of putting it up for sale was in 2012, that's 18 months which is 18 months ago, that suggests to me that the sale could be pending.
I don't know it (the same) as fact but pulling together a good amount of knowledge and logic suggest to me that we could see a development soon on this front among many others.
This company has a paltry £6m mcap so whatever developments from here suggest to me again that it will be going up.
TPDC contemplates approximately 20 MMcfd capacity to be allocated to production from Kilwa North well operated by Ndovu Resources.(Aminex) The NNGIP made significant progress during 2013. In November 2012, His Excellency Jakaya Kikwete, President of the United Republic of Tanzania, formally commissioned the start of pipeline construction. According to project manager TPDC substantially all the pipe is in country with 363 km welded and 168 km backfilled. The pipeline construction is 58% complete and 72% weighted average overall pipeline completion prior to commissioning processes. Gas plant construction is 37% and weighted average overall gas plant completion is 58% prior to commissioning processes
Looks like this are coming together nicely at the moment, we've had a 35k buy and a 16k buy in the last few days, that confident position taking and if you look at things like the placing at 1p and the current discount of 25% then it shows how valid a position at these levels are. Watch this space for new, I expect several pushes towards the AGM on the 25 may where the company will be doing a strategic presentation
P.s I would recommend you email or call the directors of this company, they are the highest value share holders with standard life which is also sticky investment.
A return towards fair value I think is an mcap if 18m based on production set for early 2015 and the sale for Shoats Creek, don't take my word for it will be next week.
You heard it here first! And I base my comment about shoats on a few pieces of information while at meetings in the city talking finance of other ventures not specific to AEX but provided some very valuable leads
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