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Because I want it spent on additional asset spend here because of higher gas discovery ape man ffs, not potentially wasted elsewhere!! It was really a swipe at BH but you needed a modicum of intellect to determine that I suppose?
Anyway wtgr this is just pocket money end of my portfolio as have had quite a bit of good luck lately.
I was 7 figures down in March (which was a concerning amount for me, maybe not for some on here but was, for me) but have nearly got all that back now so tbh Aex is just icing and had written it off. Not going to write any investment letters to me mates about it like but...
Best of luck all.
You sincerely hope a company you are invested in doesn't get paid cash its owed?!?! The mind boggles
Ffs Uwe telling me I didn't understand the farm out, of course I understood the farm out. The cash bit is really great but I sincerely hope they dont get any and dont really expect them to anyway, as it would be far better invested in tangible assets like they already have, than some of the similar crap oddball ideas BH came up with.
I believe in the meantime, UWE has completely turned the world of asset valuation on its head with some of his "theories", lol.
Now then where's that investment letter to me mates gone?
Blackgold
You or Page will not get an apology from Dunder. Ignorant person.
Also, he never did understand the farmout properly. I can see from others responses that he still does not get it.
Ah ffs now I'm "signed" into phone I cannae see BG as I filtered them ages ago but as I was working on laptop and not "signed in" I could see their text.
In answer to your post BG yes I apologise to page of course for my rude "attitude" to their post and thank them for pointing out where I was wrong. However to be frank that is pretty much how I act in real life but again I'd apologise in real life as well.
No need to reply BG.
Dolby switch as in double post fandom? Yes I know my interwebs was down so apologies for that, it hasnae been a good day for me!!
Best of luck all.
Turn off the Dolby switch Dunder
dunder "Page ffs what r u talking about?
R u inferring that the balance of the carried work programme will be paid in cash to AEX if cheaper than the $140mm figures oft quoted?!
"Ffs go stand in the corner with UWE and Tanzania"
"Lol."
no apologies to PageofCups then
Another. U/. T
They need volatility to trigger the buyers into action. If you use the monthly chart the absolute bottom is zero and that is where the 50% retracement lies at .825. If people believe they will miss out on the rise they will pile in.
Hi Fantom, do you really see this hitting 2.50? Why would it drop more when it’s dropped so far already?
It could be tomorrow morning that we see a big dip, creating volatility and frantic buying. The news that Crusty mentioned could have been the initial government approval that has only reached half its deserved price (1.65 on the spike) before retracing 50%. We may see a second price move upwards towards 2.50, completing the first price action. You never know.
And now my wi fi isnt working as well!! Double FFS.
Well I stand corrected. I am very surprised to see that "cash up" impact on the agreement and very pleased.
I think such things have come about because I can remember working alongside a company in MENA region where the company was not financially incentivised to do a good PS ie they just got the low hanging fruit, made big profits then f'ed off! At the time it was pretty obvious what they were doing and had the the work actually had a fiscal as well as technical budget they would have been incentivised to do a better job as had they done it on the cheap they would have had to pay the difference anyway.
Tanzania to be clear I completely understand this farm out it is a bog simple one buddy but I had missed the issue re paying cash difference (as this investment for me does not deserve more than a cursory glance at the reporting) . However it certainly makes me feel it was even more of a generous deal for Aex (which I clearly stated at the time) considering the mess BH had got the company into!!
So I ask again what other stocks or financial instruments do you have in your portfolio?
As an aside I took so long to answer because I've just had a fire check on my pptty. I was incredibly shocked to find out the electrician (who I spent a small fortune on getting it (yearly) tested and maintained) had fitted incompatible fire detectors which had meant materially large areas of my pptty weren't adequately covered. My "lounge" is about 1500 square ft to put into perspective (I live in a cheap area of town!). It was fully tested and certified by him but still didn't work! I normally check any workman on my ppty and what they are doing but, where the f do u draw the line? Do I have to ask that every f'ing fire detectors be tested in front of me, as it would take near on an hour to do this and I assume another 150 gbp on the bill? Peoples safety could have been seriously impacted so it really f's me off people can get away with such behaviour.
FFS.
Well I stand corrected. I am very surprised to see that "cash up" impact on the agreement and very pleased.
I think such things have come about because I can remember working alongside a company in MENA region where the company was not financially incentivised to do a good PS ie they just got the low hanging fruit, made big profits then f'ed off! At the time it was pretty obvious what they were doing and had the the work actually had a fiscal as well as technical budget they would have been incentivised to do a better job as had they done it on the cheap they would have had to pay the difference anyway.
Tanzania to be clear I completely understand this farm out it is a bog simple one buddy but I had missed the issue re paying cash difference (as this investment for me does not deserve more than a cursory glance at the reporting) . However it certainly makes me feel it was even more of a generous deal for Aex (which I clearly stated at the time) considering the mess BH had got the company into!!
So I ask again what other stocks or financial instruments do you have in your portfolio?
As an aside I took so long to answer because I've just had a fire check on my pptty. I was incredibly shocked to find out the electrician (who I spent a small fortune on getting it (yearly) tested and maintained) had fitted incompatible fire detectors which had meant materially large areas of my pptty weren't adequately covered. My "lounge" is about 1500 square ft to put into perspective (I live in a cheap area of town!). It was fully tested and certified by him but still didn't work! I normally check any workman on my ppty and what they are doing but, where the f do u draw the line? Do I have to ask that every f'ing fire detectors be tested in front of me, as it would take near on an hour to do this and I assume another 150 gbp on the bill? Peoples safety could have been seriously impacted so it really f's me off people can get away with such behaviour.
FFS.
Shame we didn’t hold on to todays rise but it’s a tough market today so we’ve actually done ok considering, many more buys today so looks like we might be turning.... Hopefully a rise tomorrow & Friday leading into news.... GLA
I would agree potatospud it is worth more than £37m market cap; but that doesn't necessarily mean to say that the sp will reflect that anytime soon. (Indeed if I didn't believe that I would not now still be holding millions of them.) Not until we have a spud date or potentially, dependent on that spud date, a license extension.
But I am too hopeful that the sp will continue to rise - I just do not think that you can read much into todays trades and price movement as you were suggesting. So I suggest that you don't attempt to read more into my posts than is actually there.
Do I think it may go below 1p? Possible but unlikely in my view, as long as we get some more news soon - as I fully expect. Though potatospud, even if it does I will not be worried - I might even buy a few more.
So what was it about the deal that you think I didn't understand Tanzania? Please enlighten me.
Oh and for your information I had many millions of AEX shares at the time of the initial Farm-Out notification and at the time of the EGM and still have today. As many of those who turned up to various AGM's and the F/O EGM could testify.
It certainly is looking as though Dunder possibly Crusty did not understand the full implications of the deal. Crusty campaigned to get the 'Transaction' thrown out and carried many others with him as we know. Anyway, having panned the deal for sure, when did Crusty change his mind, decide to bury his objections and buy in with several million shares ?
"Fascinating"? Really I am not sure that it is possible to read anything into that downward movement; neither the volume nor value of SELL transactions was significant enough to indicate anything much, in my view.
This type of movement has been observed many times during periods of volatility in the AEX share price and speculation about forthcoming "news". It is best to disregard it in my view, it will be temporary and transitory. News moves this price and rarely anything else.
Buy on the dips.
Basically, non of the gas at Ntorya is priced in the share price yet.
Its in the EGM circular Dunder, the one shareholders voted on.
Pursuant to the Transaction, APT will carry Aminex for its share of development costs in respect of the
Ntorya area up to US$35 million. Should the development of the Ntorya area not require APT to deploy
capital on Aminex’s behalf representing the full US$35 million, APT is required to make up the
uninvested balance by paying cash to Ndovu from a proportion of APT’s share of any future gas sales
from the Ntorya Field. In addition, Aminex will receive a Cash Consideration at Completion of US$5
million, with US$3 million payable on Completion and US$2 million payable 180 days thereafter.
Page can you point me out to where that has been rns'd!!
Or is that a free bb "fact", lol.
Blackgold, yes, equally ARA may not need to spend the full $140m to produce 140MMcft, in which case they make up the underspend by reimbursing Aminex through production until the full $35m is paid.
Dunderhead, that's exactly right. If ARA have not spent Aminex's full carry of $35m and they are producing 40MMcft, then ARA will pay Aminex out of production until Aminex realise $35m. Of course the full field development to 140MMcft ($140m) will see Aminexs' full carry of $35m relaised, but in the event there is not a full field development or something means Aminex do not get the full benefit of their $35m, then ARA make this up out of production revenue to Aminex.