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More LOL from the troll..
Lol 😂
Thank-you prosciutto for your weekly dose of sanity.
Thank-you as always prosciutto !
Celebrated highlights of the week
" Except of course for that multitude of rampers and rainbow chasers that have been exhorting all and sundry for years that they need to buy now FOMO.....! The only reason that the majority of those have been long term holders is because they all got stuck on a spike or their own creation and have never been able to get out...." 1. Crusty Pete
"What I am not prepared to do is to fraudulently sing it's praises, and have no respect for your view that as a shareholder that is exactly what you think I should do. I give an objective assessment and (like it or not) I have been proven to be absolutely right ." RoJo
And another 'objective' assessment below.
= = = = = = = = = = = = = = = =
Facts: Comparative Peer Analysis
Yield
Scirocco 0.00% Aminex 0.00%
Wentworth postponed??? Orca Energy Group 7.5%
Production 2022
Scirocco NIL Aminex NIL
Wentworth 29.7 MMscf/d Orca Energy Group > 135 MMscf/d
Revenue 2022
Scirocco NIL Aminex NIL
Wentworth US $37.8 million Orca Energy Group US $118 million
Earnings per share 2022
Scirocco US $ (0.53) Aminex US $ (0.10)
Wentworth US $ (0.07) Orca Energy Group US $1.39
Shares issued.
Scirocco 900 million Aminex 4 211 million (grotesquely obese)
Wentworth 180 million Orca Energy Group 19.8 million
Cash per share:
Scirocco US $ 0.0003 Aminex US $0.001
Wentworth US $ 0.17 Orca Energy Group US $4.84
= = = = =
Aminex is hemorrhaging funds. The visibility in the marketplace here is extremely poor as demonstrated by the fact that Orca Energy Group is trading below its cash per share level. If one were to use the same metric on Aminex, then Aminex should be trading below US $0.001 (0.00078 Pound Sterling)
You can expect a delay beyond October 2023 for the highly anticipated, miniscule, decoupled, first-gas net production of 3.6 MMscf/d from Ntorya2. The pipeline to Madimba won't be completed by October. This should lead to a liquidity crisis and a subsequent capital raise. The acrid smell of dilution could be just around the corner.
What is holding up the interpretation of the 3D seismic? This is like a big black hole.
" So, if you feel you are in a black hole, don't give up. There is a way out " 1. Stephen Hawking.
The way out is to 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.
LOL..
Thank-you prosciutto !
I don't know what we'd do without your weekly words of sanity.
God give me strength
Let's hope you won't need divine intervention eh ?
Althoigh if you're still expecting production this year, you'll certainly need it.
LOL...
Totally agree with you gas lady
Blink and you missed it.
Yes wonder were it went!?
Oh, and there it was gone. There is a god lol
Celebrated highlights of the week:
" I can also see a scenario where the zubairs clean up and shareholders get the crumbs" 1. Argus2
" I’ve been here for a good few years and plan to stay aboard. Even at the present price I’m still substantially down" 1. MCCO
= = = = = = = = =
Orca Energy Group has US $102.8 million in cash as reported in Q2 This would be of interest to Aminex because Orca Energy Group could assist with ....
A) Kiliwani North Development License. ... Orca Energy Group / East Coast actually tried to buy part of this in the past history but were denied.
Unfortunately, " delays continue to hamper the progress of the 3D seismic project ... ..... As a result, the Company is now reviewing its options regarding the way forward for this project" 1. Q2 Orca Energy Group. They may elect to scrap the entire 3D initiative.
B) Nyuni is a highly prospective but Aminex can't afford to smell it let alone explore it.
= = = = = = = =
Aminex: information straight from the source itself
Yield: 0.00%
Production 2022: NIL
Revenue 2022: NIL
Earnings per share 2022: US $ (0.10)
Shares issued: 4 211 million.
Cash per share: US $0.001
Working cap: Negative
Why shareholders are so enthralled with this company is rather bewildering. Over a long term, this company has been one of the worst oil & gas performers.
Two possible reasons for the mini uptick.
1) They may have found a solution similar to what Wentworth thought they had.
2) A massive, short position is created after the stock price is moved up. The holder of the short position approaches the company. They agree on a placement of a few hundred million shares at a significantly lower price. The shorts cover and the company may receive a few million dollars ... enough to prevent insolvency. Alternatively, Aminex could borrow some funds from the same folks that Scirocco borrowed from with the same result.
Scirocco is struggling with the transfer of license interest to APT which is slated to be completed by month end.
Wentworth is also struggling because of the uncertainty of them being acquired. There will be many disappointed shareholders if they slip back into the same predicament that Aminex is currently in.
Both Scirocco and Wentworth have recognized the hopelessness of it all.
Aminex may be fast approaching this same level of recognition and acknowledgement.
Carpe diem, search for a strategic alternative. Be hopeful of a 30% premium to market and hope to hell the takeover will secure regulatory approval.
Where the hell were you hiding when this was in the 1.40s?
What is your agenda - if people are not clever enough to see you only talk when the price si dropping then they shouldnt be trading?
if you think this share has no future why are you here?
too many liars on this board.. and i know where i start!
dont be fooled by the donkeys- ask yourself would they spend time from there precious life if it wasnt worth it?
Prosciutto you wrote a thesis on Aminex? would i write on a BB if i wasnt invested in it?
2nd i would write negative if my intentions was to get there share to drop so i could buy more- i would talk like a professor to scare others, when the truth is they probably dont know the difference between a donkey and a mule?
why would anyone waste their time on a share if 1) they didnt want it to rise or 2) they want the price to decrese so they can top up.
GLA
It is quite obvious that the share price of aminex will rise from here , the thought that ara petroleum would invest millions on this huge gas field just to fail is just ridiculous and any new investors that take the time to read back through the rns since ara petroleum has been involved will also know that aminex 25% is worth many times its current share price . and if new investors also take the time to read back through certain doom and gloom posters on here will also see that they are just trying to get back in at a lower share price having sold on the recent high .
Well I was wondering about mentioning the 3D seismic data !
err...like what happened ? Where is it ? Any chance of the results being shared ?
Surely the whole 3D project is not to be scrapped ?
When exactly did Aminex last achieve something it set out to do ?
"When exactly did Aminex last achieve something it set out to do ?"
Nobody know ?
Answer...Has it ever ?
Discover Ntorya, which is turning out to be a massive resource. 🙂
I thought in a recent RNS they said they had a mass of 3D data that they would be assessing and would have a result towards the end of the year which might include a reassessment of resources. Sounds encouraging to me.
Atb,
Northern
Keep up Rojo, ARA are running the seismic, not Aminex, but you knew that and thought you’d have a pop, sad really. :(
ARA or Aminex.
Still no seismic !