I've been trying to establish a realistic share price target myself. Their Broker thinks 2.8p based on current risked assets, which seems very low, especially now we will soon be debt free and generating cash. It seems to me that valuing a Company like Aminex is not an exact science, I'm just glad the Company is not on AIM.
I have a 3-5 year timeframe and would like to think within that period the share price could get backl to the 10p level
I cannot for the life of me see how this sp could rise anywhere near 10p ( 500% increase ) just because of the cpr and gsa being signed off. As it is common knowledge they are coming surely the sp would be edging up now in anticipation. Maybe when the money starts to roll in from the gas and a few clever acquisitions are made that would be more realistic. Hopefully I am well off the mark and they do hit 10p in the new year. I personally think the sp will Bob up and down between 1.6 and 2.3 ish between now and Christmas or until some really positive concrete news comes. I actually wouldn't mind them dropping temporarily to 1.5 again to buy a few more as I ummed and aahd too long then they rose a bit. Surely have to be a bargain!!
Jay's statement that he is looking to acquire more licence areas throughout Africa depends on getting farm-out partner/s as this is the only way to meet licence obligations for all the drills we are expected to do fairly soon AND get sufficient cash together to go on a PSA shopping spree! he must be fairly confident of a farm-in soon
I really hope something is happening behind the scenes. We will lose up to 100% of Kiliwani on a sliding scale if the four drills by 2016 are not completed. What I would really like to hear is that we are in advanced talks with potential farm out partners. It is now 2 years since the start of this process. We have done the surveys which they say potential farm on partners wanted. IMO we won't want to go this alone. We need a bigger partner to help put this through on a very tight timescale.
we could find out soonish whether Tanzanian govt. agree to change drill location for us to the more offshore location Jay requested of them. This is reason Jay wants to shoot seismics as he believes there is a more prospective target which it would be easier to get a farmout partner for drilling offshore, which, as he says isn't our speciality
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