About this share,there have been so many high's and low's over the years,so many RNS's expected,so many time lines broken.I have been lucky enough to buy in at the low points and have a nice margin now.So many times I felt I should get out ahead and move on but did not.There is something there despite everything that keeps me here,perhaps if I live long enough ......................
Thanks for your input. I have actually been in this share since 2011 and seen the drama unfold with so many false starts. My comments have seen people respond with their views which is what I wanted. I like everyone else want to see the GSA signed. There was mention that this could happen this weekend due to Obama visiting Kenya next door. Personally don't see the relevance there!! The Tanzania government need to get there finger out and deliver. I do hope the Chinese are applying the pressure in spades.
No attack from me either, you post is accurate but only if you take a long term view. I myself am lucky enough to be a fairly recent investor and bought most of my shares last year, I average .9p. This share has delivered amazing shareholder value for me, and I'm sure I'm not the not one.
No attack from me. You have my sympathy. However, it does feel a little different this time (I say that without your experience here).
1. I know Tanzania well and have done so for some years. It has transformed over the last 10 years and is becoming a sensible place to do business. 2. AEX actually, really, positively has gas. 3. There really is pipeline right there so their logistics are easy. 4. $1.2bn was lent to the Tanzanian govt by the Chinese for the development at Songo Songo Island. It needs gas and if a GSA with a supplier right there is not signed, the Chinese will be less likely to lend money in Tanzania next time.
So I am more hopeful than you. GL - you need it GS
Mike, clearly your correct, that's how the markets work. They clearly don't have the belief I do :-). However, I've seen this many times across my career where the markets become blind to progress so much that even when the news is under their noses, it's still missed. This stock has a similar MC to that of last year when the pipeline completion was months away. Now we have the pipeline built, pressure tested and the gas processing plant completed. This has been a huge project in a fairly underdeveloped and remote country and yet it been carried our remarkably successfully. The key is what this means for Aminex and the upside it brings. Reserves booked, stranded resources released, an all important regular profit of circa $1m per month and the potential to drive forward our Ruvuma development. This is huge and I don't care if the market can't see that as I will be holding and buying until this value is realised. Clearly I can't see into the future but I do know this business model and profit margins will be exceptional beyond most people's imaginations. If production is to begin next week our GSA could arrive this weekend, I'm hopeful it will be very soon :-)
As always just my thoughts. Have a great weekend I know I will..........I've got the weekend off !!!
AEX has never delivered any share holder value for years,nope i mean ever. in 1998 the sp traded at 60p 2005.. 45 p 2011..9.5p 2013...5p today around 2p During this period only massive dilution has happened year in year out. So this performance alone does not give the market any confidence that things will change. Basically if a long term investor had averaged down for years and years taking the mean average price each year would be well and truly under water with this share. Ho of course every year is going to be the year for AEX err 16 years later. Yes i still hold and hope that things may change but facts are facts and its all there to be seen in the trading history of AEX. Some posters will attack me for this post but every year as always going to be AEX year and its failed for the last 17 years . All the best M6
I have been a big fan of your enthusiasm. My concern along with others is the fact we are closing in on the 29th with no indication we are going to receive this GSA. I suspect the markets are also wary of the many false starts we have had in the past hence the closing price today. If we reach the trial period without a positive RNS I suspect the share price will get hammered and we will find this well below 2p. Now I do hope I am wrong as I have invested a lot of money into this share hoping for that big pay out!!!! Interested to hear your thoughts on why the markets still have this in the doldrums.
Gaslady. The only gas available from the bottom of the pipeline is Wentworths Mnazi bay field. They have a GSA but no PP and like us will not be allowing any gas to flow until the PP in place. We do have the Ntorya discovery at that end but no trunk line to join us the circa 15km to the main pipeline, although Jay is working on that. So Wentworths gas is the only gas flowing the full length. Higher up the pipeline, about 200km from Dar lies our Kiliwani discovery and Orca's Songo Songo gas field. These gas wells lie on an existing pipeline but a new trunk has also been layed to join the Chinese pipeline. Our Kiliwani gas will be flowed down this part of the pipeline which joins into the Chinese one. This should occur at a similar time near the 29th of July. Hope that makes sense.
The business summit will be on Saturday and Sunday, clearing the way for Tanzanian govt. to get max spin for themselves following the visit just in time for signing GSA and opening pipeline for testing. Let's hope they ride the crest of the Obama wave to where they want to be!
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