The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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All gone quite
Wentworth looking strong , lot of advertising on the latest interview suspect to hear news soon
Leicesterboy,
"she has men on the ground and they can get their dirty hands on the cash from their 20% Share"
Really don't understand what you are trying to say, but it surely sounds dodgy. Are you talking about WEN's 32% stake in Mnazi Bay or TPDC's 20%? Or something completely different? What "dirty hands" do yo mean? The hands of the local Tanzanian staff working for Wentworth? Are you a racist by any chance?
"people that are in the Hotel game in Zanzibar" sounds even more dodgy.... your local brothel I guess?
Stay out, that is all I can recommend!
Assuming she can control Magufuli the President she will be ok, but he introduces Taxes at the flick of a pen, I know a few people that are in the Hotel game in Zanzibar, he is completely corrupt, but at least she has men on the ground and they can get their dirty hands on the cash from their 20% Share ! Acacia had to cough up and was eventually helped out by Barrick as they have better "connections" . Good yield but a one trick pony !
All conditions of the farmout have been met by both sides Mick, just waiting on the Energy minister to sign the FO agreement and handover to the new operator. If they do complete this next week as they seem to expect then you will be wrong on 2 counts.
1.0 That the zubs will not invest without a GSA etc
2.0 That the gov is not very interested.
I freely concede as in my last post that there are no guarantees with Tanz gov timelines, but 5 working days and we should know.
I still think it might make sense for WEB and AEX, your own CEO is looking in Tanzania, not so many choices then.
If you think that the “Zubs” will start investing in Ntorys without certain guarantees from the government, such as agreement on the construction of the pipeline or a preliminarily GSA, I think you are a bit naive... At the same time I can’t escape the feeling that the Tanzanian government is not very interested in Ntorya.... Not surprising of course, given that there is no shortage of gas supply.
Personally, I don’t expect anything to happen next week.... let’s wait and see...
Haha Mick, AEX are likely to have a $40 million farmout within the next week, July 14th is the deadline.... never a guarantee with the Taz gov as you well know, but we will soon see..
I think it makes a lot of sense, if they merge then they are no longer a competitor but a partner., it certainly would be quite ironic Mick, I guess you would vote no.
Time will of course tell.
All highly unlikely I would say. Spending money on an asset only to compete with Mnazi Bay in the south sounds like a terrible plan. Why not let Aminex go bankrupt and pick it up for next to nothing, in a year or two...
Amazing how well aligned their respective MCAPS are, £33 mill apiece at the moment, 1:1
All speculation but certainly a possibility imo.
I find it very unlikely that WEN would merge with AEX. I think WEN only would buy part of Rovuma at distressed valuation. AEX stock isnt exactly distressed valued.
Maybe CT, could also be a merger WENAEX. Vike 1 was just posting about this on the solo board. One merged company with gas production and significant near term drilling & upside. Of course the Zubairs would need to buy into the deal and I wonder what their position would be, maintain cornerstone status and almost 30%?
Certainly the AEX and WEN CEO seem very aligned in their respective interviews.
AEX https://youtu.be/3l87WUOtBqI?t=624
WEN https://youtu.be/NiaztsAbNvw?t=879
Sounds very much like they will acquire something in Tanzania. Strong cash balance and no debt creates decent position to grow with little risk. I guess its fairly likely that they could buyout one of the partners in Rovuma (Aminex, Solo or ARA). Tanzania looks less key to Solo lately with the focus on European gas so they might be a seller.
The interview was very good , something is coming soon regarding this company