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Aminex Share Chat (AEX)



Share Price: 2.15Bid: 2.10Ask: 2.20Change: 0.00 (0.00%)No Movement on Aminex
Spread: 0.10Spread as %: 4.76%Open: 2.125High: 2.50Low: 2.025Yesterday’s Close: 2.15


Share Discussion for Aminex (AEX)


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bouncer
Posts: 7,562
Off Topic
Opinion:No Opinion
Price:1.28
View Thread (2)
more like it
10 Sep '14
Moving up,ready for action
 
Flandy25
Posts: 54
Off Topic
Opinion:No Opinion
Price:1.23
Re: flandy
10 Sep '14
Yes, I agree this would be the ideal way to move forward and therefore I hope that Solo could leverage their relationship with AEX in order to obtain a similar sort of finance package from Gemini to cover their share of the costs. This would strengthen AEX/Solo's hand no end in negotiating any subsequent farm out deal. I think it's fairly safe to assume farm in offers were previously made but the value just wasn't high enough due to the bigger companies taking advantage of AEX's precarious financial position, looks like they might have to reconsider their position and 'get real' now if they want a slice of our ever growing Tanzanian pie :-)
TIPTOP
Posts: 3,660
Observation
Opinion:Strong Buy
Price:1.23
flandy
10 Sep '14
I think Aminex and Solo will get a joint stream loan against Ntorya and Likonde reserves to fund the Ntorya 2 drill. NR said funding avenues were becoming more easily attainable for progressing Ruvuma and a farmout was no longer the only option. I think Gemini will provide us with a streamed loan against our proven assets. The loan will clearly be proportioned though as we need 75% of funds compared to Solo's 25% but borrowed against the same asset. We already have booked reserves of over 170bcf for Ntorya but this may increase now it's been linked to Likonde.
A streamed loan provides us with capital upfront i.e $40m and then we pay back $60m from our future revenue stream once in production. This is a brilliant way for us to move forward and is non dilutionary.
JungleVIP
Posts: 2,729
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.23
Tick up coming
10 Sep '14
not many left at 1.25 - tick up coming
JungleVIP
Posts: 2,729
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.23
AEX
10 Sep '14
Chunky buys going through, expect this to finish VERY blue!
Flandy25
Posts: 54
Off Topic
Opinion:No Opinion
Price:1.20
RE: AEX
10 Sep '14
Yes but even if HH is good, Solo would still need to monetize their asset to finance their share of the appraisal well costs....
staypositive
Posts: 178
Off Topic
Opinion:Strong Buy
Price:1.20
TIPTOP
10 Sep '14
You make a very interesting point in your 12:09 post.
TIPTOP
Posts: 3,660
Observation
Opinion:Strong Buy
Price:1.20
AEX
10 Sep '14
Solo touching £32m market cap now. Looking good for us. Hope they do strike in HH then they can afford to drill Ntorya 2 with us and no need to farmout :-)
TIPTOP
Posts: 3,660
Observation
Opinion:Strong Buy
Price:1.20
Solo
10 Sep '14
Moving up again. Could be an interesting afternoon for us :-)
Celticheart
Posts: 5,472
Observation
Opinion:Strong Buy
Price:1.18
View Thread (3)
RE: Market manipulation
10 Sep '14
Be grateful that you were able to buy closer to the BID than the ASK, which is why your BUY registered as a SELL :)



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