Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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A late reported trade from 2 hours ago 2.8 million Buy at 1.294p at the same time as the small trade at 1.30p. So the2x 1 million sells were quickly hoovered up by that buy a few minutes later.
Upwards in the sp. I'm presuming more people are starting to realise that Tanzania needs the gas, Ara want to start drilling soon.
I suppose the key thing is getting the infrastructure in place then the drilling can commence.
As far as I'm aware we are talking of drilling starting at the back end of 2023 or early first quarter 2024. So, still some time to buy in and hoping the upwards trend in the sp continues.
Atb,
Northern
You need a digital subscription to Investors Chronicle to access the data on each company from their website.
Link?
From the IC website:
“ The one analyst offering a 12 month price target expects Aminex plc share price to rise to 3.14 in the next year from the last price of 1.23.” Which would be a rise of 156% from 1.23p.
And if news drops what then ?
The 52 week closing high for AEX is 1.35p on 17th October 2022. It closed at 1.28p in April this year. There looks to be a good chance of reaching a new 12 month high today or next week.
Nice upward movement lately as we get close to news of possible drill this year
Yes, I think the market is playing to the anticipated news, I think the first to drop will be SCIR confirming the Minister for Energy has signed off the ARA/SCIR transaction ?
Lets keep our feet on the ground. this is not even starters. - its good but not good enough.
we will have the sellers out who want a quick buck! GLA
1.30 paid vroom
I get the impression MM's are desperate for shares.
Over the ask paid
1.27
Up again..
"And what if we are looking at multi-tcf "
We are
Yes absolutely, no need to raiss funds, thanks for that jackpack.
Hi SQ320
As well as the 31 million left of the free carry there is the income from our share of the new gas wells that will have come on line and if required production based finance thus no fund raise should ever be required i would have thought.
And what if we are looking at multi-tcf across the 300 sq km? Possibly oil ...
What are you saying sq320 ? they have $31 million left of their free carry, for their 25% of development costs.
They are going to need a shedload of money to develop Ruvuma. I am expcting a fundraise 2024/2025 at above 5p.
A welcome post from HY, balanced and back up with data.
Jolly, I assume the “appear from nowhere” remark was aimed at me, so to clarify my comment, I first bought AEX on the 25th Nov 2005 @ 28.9p, iii was the broker. This was back when AEX had production in the US, I still have the bookmarks for the output form the OM1 & OM10 days, so hardly coming out of nowhere!
Enjoy your day!
This is the stock Market, they will have to pay what the market values Aminex at and thinks they should pay. Plus Aminex is going to be in a financially strong position, unlike poor Scirocco. No they can't just dictate the price, they can play their games but the market is the market.
BG, they hold just under 30%, go over it and the pick up the company for buttons. I know they said AEX was going to be their vehicle for exploration but that was then, they might think differently now!
I kind of hope he can BG I want to buy a few billion more cheaper than this