'Aminex I have been saying that investors should look out for Aminex since I met up with new-ish CEO Jay Bhattacherjee a couple of months ago and today there is a very positive statement out on the company. In the Ruvuma are the new seismic data on Ntorya extends the potential of the area with reserves now increased to 2.3 TCF. Also the thought is that it combines with the Likonde prospect and for extra good luck Jay says that there is potential for a liquids play into the bargain. Very much one to keep looking at as with funding and supportive shareholders Aminex looks to be in good shape. - See more at: http://www.malcysblog.com/#sthash.1R48RjQm.dpuf
Is profit I guess, each to their own but this news has only hit the market once it is digested, discussed, published, reviewed I think we will certainly be an awful lot higher. Can't quote figures, but is a mkt cap of £100m unrealistic? Solo have a 25% stake and their mkt cap has ballooned to £38M. As the operator we hold all the cards with 75% stake and are sitting with a mkt cap of £25M. Even if you are pessimistic you would look at a sp of 3p (£50m mkt cap) with an income flow of upto $30mil within 5/6 months.
Want the stock using the spread to log the buys as sells......wait for the traders to clear those that sold early doors will be buying up and we will have positive finish, more to come tomorrow with the positive newslow overnight. This is going to be a gem
Gz for being the dude who's paid the highest price for these in 6 months. Done yourself proud.
Not sure what the fuss is about... fair enough, longer term, these are cheap, but why do most newbies buy on the news... when the MM's deliberately raise the price to lure you in. The news today was a relative non event imho, fair enough, more gas, we all know there is tonnes of gas down there, its about having the management capability to get a deal done.
Also, can anyone confirm this discrepancy between SOLO and AEX:
AEX: "access to market via the Dar Es Salaam-Mnazi Bay pipeline, which is on schedule to be completed by the year end and runs through our Ruvuma PSA."
SOLO: "access to a ready market in Dar es Salaam to which the area is now connected by a pipeline."
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