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Low and behold, it's the other deceiver. Surely even he is worried about the mental state of his guru?
How's the SP going guys ?
Not exactly flying along...
Yes Smudger, it is blatant disinformation but such posts are expected on boards and most will ignore the lies and omitted facts, but it is the visible hatred that is far worse and raises suspicions as to the motives. It is undoubtedly a very mentally unhealthy obsession.
Gosh, Is it still posting it's list on a Wednesday? If the comments are still the same, fictional slurs as I remember, it could drop itself in trouble.
How about some facts to counteract the criminal ramblings of what is obviously someone that just hates this company with a vengence. Ex-employee? Competitor? Who knows, but the hatred is there for all to see. Everyone is anonymous on here, but some are honest and truthful in their posts, so who would believe someone that indisputably writes their posts with a clear hatred of the company????
Fund raising April 2022
"The Company is pleased to announce that it has successfully raised approximately £3.3 million (approximately $4.4 million) before expenses to fund the Company to the expected receipt of revenue from first gas production at the Ntorya field, currently projected for end of 2024"
So AEX have enough cash to last to the end of 2024, yet Ruvuma revenues of $1,000,000 PER MONTH will be rolling in from end of 2023 or Q1 2024, meaning NO FUNDRAISING.
What is in the liabilities, you need to read note 14 of the report and see that NONE of them matter, as AEX will pay anything in has to off AFTER gas revenues of $1,000,000 per month are rolling in.
And of course, AEX is funded to a minimum 140mmscfd at Ruvuma to the tune of $35,000,000 costs.
recent celebrated highlights
" i do find it somewhat surprising that with all this 'good news' and millions of income and tax exemptions that the sp is still languishing. " 1. rojo
" they have no knowledge of when they will be starting the groundwork for the pipeline nor if or who is contracted to build it " 1. crusty pete. thank you for your objective assessment of the agm, cp
" first gas still expected october " the 'silly list ' author. june 6th, 2023.
= = = = = = = =
they'll be lucky to start the gas pipeline by end of october.
what we have here is a globular cluster of excessive bureaucracy. another delay is possible.
tanz: no mick2020 here. he is a very perceptive man. he tried desperately, on several occasions, to save your financial ass at > 4p. he obviously failed to do so. wentworth was, and still is, a quantum-leap better shape than aminex. if that acquisition fails, wentworth will fall back into the same 'abyss of despair' where aminex currently resides.
= = = = = = = = = =
" we have successfully acquired the necessary funds via our equity placing in april 2022 to ensure our running costs are covered (before one-off and exceptional items) until receipt of revenues." 1. aex
dec 31st, 2022. annual report
current assets ... us $7.1 million
current liabilities ... us $9.9 million
this must have been a printing error! it clearly shows the current liabilities is larger than the current assets.
creative accounting 101 ... just ignore the balance sheet and hopefully, no one will notice.
= = = = = = = =
keeping the operator status for kndl, whilst not having a pot to **** in, would certainly be cause for a massive capital raise. this narrative just wouldn't work without massive dilution. the only reason you would even entertain this ridiculous idea is to prevent the cessation of salary emoluments. this company represents a redundant layer of bureaucracy with no raison d'être. this company is essentially acting as a shill. notice the preeminent spokesperson at the agm wasn't the ceo of aminex. could the comedian mr. bean, run this company just as effectively at a fraction of the cost?
scirocco, wentworth, orca energy, and maurel & prom ate all getting royally screwed over.
who is next in line to be royally screwed over?
bring an end to this status as an enslaved shill. encourage the search for a strategic alternative. be happy with a 30% premium to market and hope to hell the takeover will secure regulatory approval.
This 'Buy' recommendation is looking a little optimistic to say the least.
Does anyone else here have a clue what they're talking about?
I'm still a buy before you ask...
Always have been Tanz didn't realise I needed your blessing but hey ho, have many millions of shares over past 10+ years. You maybe need to read back.
Tanz - calm down!
We're getting worried about you.
Go and sit down in the garden - have a little nap maybe ?
My aplogies to you Gift. I fully realise, you want to on the winning side, sorry.
Wow ! Some quick change of heart indeed. The inks hardly dry when you said this: "a company now going by all of the posts with worse case scenario predictions"
Your clever double entendre has not gone unnoticed RJ.......................
Many thanks to you Pete and Roger for your honest and informative updates following the recent AGM.
Thank you also SC for your map updates.
Rojo, thank you for making me lol daily
Not long know me thinks, lots of good news in the next few weeks in a number of areas that will drive SP skywards - all imo.
GLA
I tend not to notice that Pete, I pay more heed to the content of the posters posts.
Yeah, and a pipeline would be handy.
Prosciutto tomorrow guys - not long to wait.
"Strong Buy" - maybe Tanz but only once we have a GSA signed , Rig contract and Spud date.....
Yes Northen plus, of cour5se, they now no longer need to factor the Jurassic into the drill equation and so can make a decision based purely on optimising the production and COS for the Cretaceous targets.
Tanz - I have NOT changed anything, simply omitted to "tick the box". And Tom, I have been on the "Buy" since Q1 this year.
Crusty, my apologies if Tom is right ! Next step to come I hope - Strong Buy !!!!
I am not giving up on our Aminex investment. Ahead of tomorrows expected missive from Proscuitto, I challenge him to say he is not Mick2020 late of Wentworth ! Together with Rojo, they are doing an excellent job of talking our Company down ! As I have said, the alternative is there that Zubair, Ara, TPDC and government are deceiving us. I know what I want to believe. If I am right, it explains so much. Mick2020 is, and has every good reason to be a very, very bitter man. He does not want to see our Company win through at Ruvuma. If I’m wrong, tell me so tomorrow Proscuitto !
He's still showing as a buy Tanz.
I've only just discovered that option myself, I am a buyer.
Just you Tanz as a no opinion now.
You will see I have expressed my view that either Zubair Ara etc are going to actually develop Ruvuma or they are deceiving us . You now down rate Aminex from Buy to No opinion. Was it something the Sultan said persuaded you to originally promote a buy opinion and wonder what has now made you demote your original recommendation ?
Presumably, I don't suppose they would be doing it otherwise the change in location will result in
1. A better chance of a successful outcome.
2. Higher production.
Will be really interesting if Ara can share these details further down the line - I assume at some point these details will be announced.
Atb,
Northern
Looking back at the 2022 AGM file page 12 and taking into account that the are not doing any risky exploration, closer to NT-2 seems more likely to me than further away, as further away they would be moving into the untested zones, and at 2.5km from the old CH-1 they would be getting into a much thinner (pointlessly so) zone. Going closer to NT-2 would be to target the thicker part of the same zone, so very minimal risk of not hitting the proven gas.
Of course there could be seen with 3D a better position towards NT-2 but further North or South rather than in line between CH-1 (old) and NT-2.
I'll b keeping and eye on the Satellite view anyway and will post as soon as anything within a 4km radius changes, just in case ARA aren't planning on updating AEX until after the pad is built.