Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"Just admit it, you have a grudge against everyone on here. You want everyone to suffer and fail. You and that grudge of yours."
Leave Tanzania alone Mr, he's 86 years of age for heaven sake
Tanz. My average share price is around 1p. I plan to do very well whatever happens.
Just admit it, you have a grudge against everyone on here. You want everyone to suffer and fail. You and that grudge of yours.
Good news for you RoJo helping satisfy your grudge but what's with Mr Moir ?
Is he another underwater sufferer who hasn't averaged down wasting hours and hours whingeing away here.....
You have my top rating as you know for the weirdest of shareholders, so don't you think we should have some sort of scale of weirdo's on a similar basis as your listings of other posters ? For example, you get A1 rating as the number one weirdest Shareholder. Only fair after all, agreed Yes ?
Good idea, yes ?
Yes Northern - the problem is that they haven't got a drill, and no-one will lend them one.
So the gas stays where it is.
...meaningless then ?
Do we have any data for these share prices? I calculated once at the price of gas and the reserves to be worth £1! So AEX worth would be their 25% holding of that, 25p but that doesn’t factor in various costs, fx rates and corp tax etc.
Crikey!
jackpack is sub-set 4 for sure. In he goes - probably best lock the door...
Jackpack I have felt 10p is possible for years once production starts, but with the recent reported increase, I could go along with your trading range especially now we are aware of the level of condensate tuat is to come with it. I do think people are underestimating the value of that.
However at the minute we await the dev licence to kick us off and a CPR to support the 3D.
Wish I did have a crystal ball because I'm hoping the Scirocco situation is not going to hold us up for tactical financial reasons. They state six months to wind up whereas Aminex are saying NT2 mid summer (again)
I guess there will be some extra push back at the AGM following last years promises
All I want - and this on the face of it sounds so simple is to the licence to be granted and the drilling company to do what drilling O and G companies are supposed to do and drill!
Been waiting for years for this and despite all the words that still doesn't seem any closer!
Atb,
Northern
You and your grudge Tanz, just admit it, you want their investments to fail.
Hi Roger
I still think a fair price trading range is 18p to 24p and I still think we will see that range and beyond which will move us up the main market quite naturally
One whinges and wants our investment to succeed the other whinges and wants our investment to fail.
Tenth January they stated The authorities also indicated that the Development licence will be received very soon.......
It's the very soon comment that continues to frustrate - words but no action.
29th February - they list a number of things that will be done when Development Licence received.
On the same day they state - Further announcements can be expected detailing a future programme of drilling and associated schedule to communicate the exciting new opportunities and add further value to shareholders.
Again lots of positive words but so little action. Why do authorities promise something "very soon" then don't do it - doesn't sadly boost confidence in what they say versus what they do - and still we wait ...
Atb,
Northern
No way, you haven't got his ear
Please God, give me strength !
So after the CH-1 well, we could be talking 8 TCF of GIIP.
Seismic RNS
"Furthermore, the new 3D seismic images a possibly even larger area of gas charged reservoir sandstones, beyond the high confidence area established by the new seismic inversion modelling. This provides for potential additional prospective gas volumes associated with the Cretaceous age sand units tested in NT-1 and NT-2 (Units 1 and 2) and for the possible existence of an as yet undrilled shallower sand unit (Unit 3), to be tested by the forthcoming Chikumbi-1 (CH-1) appraisal well later in the year. An upside aggregated GIIP volume for the Ntorya accumulation based on a success case in multiple stacked sands at CH-1, is estimated by APT to be up to 7.95 Tcf (approximated to a mean unrisked P10 GIIP)."
Oh yes I do rojo, do you realise the the CH-1 well could be proving up an additional ( 4 TCF of gas ). Yes just got to sit tight, and put up with you lot. Lol 😂
Not long now though
It's not strength you need BG !
Sorry Jackpack clumsy lack of memory. But the point remains about promotion up the league. Is it a possibility?
Yes I agree
Please God, give me strength
.....
In answer to the last point - AEX have previous received loans from ARA and the possibility exists that this will happen again. For a long time now AEX's fate has rested on the value it has to ARA and as long as that value value exists - they'll keep it alive.
There's never been any value imputed for condensate for AEX valuations, so even if TPDC keep all of it - won't make any difference. But condensate that TZ is not producing is income foregone to them - makes any delay even more crazy.
Highlights of the week
"Approximately 68 per cent of Tanzania's 61.1 million citizens live below the poverty line of $1.25 a day. 32 per cent of the population are malnourished".
Investors are often misled into believing that they will become wealthy, despite poverty being a significant issue in Tanzania.
Regulations may change midstream, agreements may be altered or voided, payment may be delayed or disputed, payment may be in TZ Shillings, a VAT is added, corporate tax, additional profits tax, profit gas payment, Regulatory payments, halted payments, a deliberate stalling may be part of the plan. ... no, it is not easy operating in TZ. And it is especially difficult if you happen to be a disposable proxy of another firm.
Each day will present a challenge for Aminex. The endeavor to earn a dollar will be a constant battle, especially for a company considered a foreign insurgent.
" I fear they'll be hung out to dry, receiving peanuts at best." 1. RoJo
You have to applaud the foresight!
" Prepared to be shot down here guys, ,but would it be sensible for Aminex to capital raise to buy out scirocco for the future ruvuma payments." 1. Baramara
It would be more sensible for Aminex to capital raise in order to save itself. Aminex emulates the 'Hope, Float, Bloat' model.
= = = = = = = = =
re: CH-1
A discovery does not guarantee development, and even if development occurs, the timing remains uncertain.
re: timing events
'We must wait for the GSA signal, and it will blast out of here'... this had no impact.
'We must wait for the seismic release, and it will blast out of here' ... this had little impact.
'We must wait for the development license, and it will blast out of here '... this won't have an impact.
There is no certainty as to the timing of the development except for one certainty... expect another delay.
re: Condensate
Please provide evidence that the proceeds of any 'condensate' is forwarded to Aminex. Orca Energy Group / M&P produce volumes of condensate and ALL of the proceeds go to TPDC.
re Pipeline
"Tanzanian authorities have indicated that the spur line will be completed during the first half of 2025."
Can Aminex survive this long? Aminex has a negative Working Capital. This carcass is already eviscerated. Without another placement, a single additional delay could cause this entire structure to collapse. As the 2025 election approaches, dare not to anticipate that this foreign insurgent will gain an upper hand over TPDC.
With each passing day, the skeletal framework of Aminex is becoming increasingly frail.
It is evident that Aminex is facing a significant problem.
Be cautious of the aggressive bs rampers. They claim to have all the solutions.
" It isn't that they can't see the solution. It is that they can't see the problem." 1. G.K. Chesterton.
Follow Wentworth's route and agree to be acquired at 30% above market.