Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Just ticked up.
Also fwiw this series of posts is posted as one post on Aminex's LinkedIn page.
PRIME MINISTER'S SPEECH. KASSIM MAJALIWA AT THE LAUNCH OF THE NATIONAL STRATEGY FOR THE USE OF CLEAN ENERGY CONSUMPTION 2024-2034
The National Clean Energy Consumption Strategy 2024-2034" is a broad initiative put forward by the Tanzanian government to improve the use of clean energy for cooking.
This strategy aims to reach 80% of Tanzanians
Clean cooking energy by 2033. The strategy includes the supply of clean stoves and natural gas, as well as strengthening infrastructure and education about clean energy use.
https://twitter.com/matokeochanya/status/1788160320621404592
Https://twitter.com/AminexPLC/status/1788157827409682851
3/4 “We expect significant progress in the #Ntorya project providing #shareholders with several events likely to improve #Aminex’s underlying value. Events have demonstrated the Operator’s capacity to run critical negotiations + maintain the support of the Tanzanian authorities.”
4/4 “The net result for Aminex is an essential shift in the narrative of #Ruvuma, which can now be considered a potentially #worldclass #discovery with a path to positive cash flow by next year – a remarkable turnaround for the Company since 2020.”
#Tanzania #natgas #africagas
1/4 “The Tanzanian authorities have clearly stated they will fully use the country’s energy resources to eliminate energy poverty, spur economic growth + improve living standards for its citizens,” Executive Chairman Charles Santos wrote in Aminex’s recently issued annual report.
2/4 “We believe Ntorya is vital in helping realise this vision for the people of #Tanzania. This year, we will see this vision start to become a reality. As a founding partner in Ntorya we are proud + excited to support ARA Petroleum + the #Tanzanian authorities in this effort.”
https://twitter.com/AminexPLC/status/1788157858363699219
UT
Still showing 1.35 - 1.40p but last trade at 1.42p - so oversized, delayed trade, or UT perhaps? No doubt we will find out soon enough.
According to H/L
@ Mctripe.
"A little learning is a dang’rous thing;
Drink deep, or taste not the Pierian spring:
There shallow draughts intoxicate the brain,
And drinking largely sobers us again."
Sorry Pete, I'm just following the official Ham'n'eggs line.
Break even is a great return on investment some here would have you believe...
Tom, you say "Just think Roger, we could have all taken a 25% premium to market 75% ago, and been happy!"
I am not sure that I would be that happy - not a great return on a 15 year investment!! :0)
Well say that I thought we would get news on the Dev License this week and I am running out of time to avoid that prediction crashing and burning BUT if that were to happen I think we would have seen it in the trading activity before now. We typically have done in the past......
Just think Roger, we could have all taken a 25% premium to market 75% ago, and been happy!
I forgot that Tom. He has been giving the SP a boost in recent weeks
24p shows super confidence mate that has to be worth a strong buy.
Joking apart, I agree with CP and I think we will see another blue day possibly even pre lunch
Excitement finished
Wrong joyo, we still have the weekly 'rns' from Ham'n'eggs to come.
Of course RJ, I keep adding when my pocket money allows ;0)
Whoops, just for Tanzania I really ought to change my "opinion" back to "Buy"!
Come on Crusty own up. It was you that spent 24p at 1.40 ;-)
"Same old, same old" vacuous, one sided headlines from mctripe..... why not tell the whole story mctripe? About the justifiable reasons for the disparity between the headline resources and the NAV and thenagain between the NAV and the Market Cap?
Why? because, firstly it doesn't meet your one-eyed agenda and secondly, you really don't have a clue do you? Happy with a copy and paste but not a clue about its application.
"with the aim of defining preliminary 1p and 2p reserve estimates" is how you can get AEX from a £57.90m market cap to a huge one prior to producing huge amounts of gas from the field. With 8 to 11.2 TCF recoverable. 2TCF to 2.8TCF to AEX is worth $6,000,000,000 to $8,400,000,000. Compared to the £57.90m market cap the 1p and 2p for CH-1, NT-1 and NT-2 should make AEX significantly undervalued based on the below. And the full field even more so.
"Enterprise Value/Proven and Probable Reserves
This is enterprise value compared to proven and probable reserves (2P). It's an easily calculated metric which requires no estimates or assumptions. It helps analysts understand how well its resources will support the company's operations.
Reserves can be proven, probable, or possible reserves. Proven reserves are typically known as 1P. Many analysts refer to it as P90, or having 90% probability of being produced. Probable reserves are referred to as P50 or having a 50% certainty of being produced. When used in conjunction with one another, they are referred to as 2P.
The EV/2P ratio should not be used in isolation, since reserves are not all the same. However, it can still be an important metric if little is known about the company's cash flow. When this multiple is high, the company would trade at a premium for a given amount of oil in the ground. A low value would suggest a potentially undervalued firm."
https://www.investopedia.com/articles/basics/11/common-multiples-used-in-oil-and-gas-valuation.asp
Be realistic CP - even the buys "at full ask" are miniscule.... we need volume and value before the MM' are going to respond with an sp rise. Or are you saying that, on L2, you can see that volume?
By the way Ufufuo I have very little, if any, confidence in anything that comes from shard Capital.
Do a little Googling of the headline below.
"FCA fines and bans ex-Shard Capital CEO Lewis".
Oh and by the way, not much has changed there since his departure, in my opinion.
Edgar222,
As the ARA+AEX licence was signed off just a couple of weeks ago, there no way they are going to change anything with us, they consider it a fair deal.
"Applied for a 25-year Development Licence based on the approved FDP. Approved by the Tanzanian authorities, including Cabinet sign-off, and awaiting issuance of the signed licence from the Ministry of Energy."
In 2023 and early 2024, the following milestones were achieved: The approval by Tanzanian authorities for the Development Licence, including Cabinet sign-off, awaiting issuance of the signed licence from the Ministry of Energy
https://www.lse.co.uk/rns/AEX/final-results-and-annual-report-2023-5onuhdyrzg3aajq.html
Should tick up before long, despite the attempts to manipulate the market with £1.34 sells
The African asset financing company Watu is extending its support for compressed natural gas (CNG)-powered three-wheelers in Tanzania, aiming to finance at least 1,000 of these CNG-powered vehicles by the end of 2024. The project will intensify efforts to transition the transport sector to cleaner energy sources.
Watu already financed over 200 CNG-powered three-wheelers worth TSHS 2.2 billion (EUR 100 million) in the past two months alone.
The new initiative was recently officially launched in the presence of the Ilala district commissioner, who highlighted the collaborative efforts of the government and private sector through public-private partnerships, Watu said in a press release. (ben)