Bollinger bands have widened as expected with breakout pattern but moving averages are still close together indicating moving higher, am thinking AEX searching for a new support level with a bigger move up than previous shift to new support level which was from 1p to 2p, I think this time more likely to be a 2p higher level at least therefore 4 to 5p for a new support level, but that would be in a dull situation which we are clearly not! Gas sales agreement being so close and new investors taking a position now, and now larger investors could well blow this over 10p very easily!
AGM today......the new presentation should add a little more excitement.
Joe, don't worry about the drilling as you yourself said financing looks like a no brainer and with the near term income stream following the GSA, money will be available to drill and prove up the value of the acreage.
TBH I cant see a major not jumping in - cheap money for them to do so at our current market cap - watch this space
When investing money clearly you have to be cautious but at the same time don't be blinded by the past. Yes it's been a long struggle but clearly the plan is coming together. The key from yesterday's RNS was our debt will be cleared and a large income gained. This will put Aminex in a very strong position and open many doors. A producing company on this scale with no debt can grow at pace. Jay is already laying plans for the Ntorya 2 drill and that will happen this year. Jay is no NR or DL when it comes to hype but he's very organised and let's the results speak for themselves. Let's hope the presentation has some more detail to reassure you and any other wavering shareholders. I'm sure this is going to be the year of the Aminex :-)
Your posts are a joke you really no nowt ,I suggest you research more you really are behind times this is starting to rocket if your got shares in aex I suggest you sell up mate get a better share to invest in ,haha
I think some are getting a bit carried away following the rns. In reality there was nothing new there. On the positive side getting the financing sorted, which is crucial, seems like there are no great concerns, they seem to believe it will get sorted. With regards to the Ruvuma psa, on which the company hinges on in the next couple of years, there currently doesn't seem like a credible plan.
". The Company is planning to drill the Ntorya-2 appraisal well in late 2015 subject to available finance or acceptable farm-out offer."
We have been trying to farm this out since October 2012. Everyone is preoccupied with Kiliwani. Most forget that if we drill no wells on the Ruvuma psa by the end of 2016 we lose ALL of Kiliwani. If we just drill one we lose 75% of it....
I suspect something will happen to stop this, such as extending the terms of the psa again, or some sort of financing, but ATM it is by no means a certainty. Until that plan is spelt out I will always be a bit nervous about this.
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