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Btw if you had read full conversation perhaps you would have seen my comment It will come when the government say it will come, lth here have known that for months and accept it. For the others I suggest you prepare yourself because the government can still stretch it out further if they wish. The fact is Aminex have made more of this particular date then any other so must have reasonable expectation but there can be no guarantee
"and November 30th 2017 was a month away from the start of the 2017 dry season. Not sure what your point is though."
not a date picked out of thin air, but a period of time from the F-O announcement in July to allow for the F/O to complete, which we were informed, hopefully by end of Nov, obviously so the CH-1 well can then spud by the start of the dry season, end of Dec. and i'm sure all involved, the Tanzania's Gov etc are fully aware of the wather constraints and the importants of the CH-1 well.
Time lines
Thank goodness Pete the penny is dropping that the government are in control of the guidelines. Jeez how naieve to expect it to be otherwise when the whole deal is awaiting the licence. I can only conclude they wish to bury messages like this "A few decent buys on the bounce could quite easily see a repeat performance of last week's amazing rise with everybody looking out for the leak of the big news. To hit the stated target the announcement has no more than three weeks in which to land Farm Out and EGM (Date reconfirmed three times) expected to take place by End November. Being subject to licence approval infers the EGM RNS will be the big one and need to be within next few weeks “Multiple Targets - 763bcf cretaceous 900bcf Jurassic Gas assumed at lower but liquid potential - Oil shows found down dip previous drill” 4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C"
So on what basis did the BOD originally suggest that the EGM would be in September Drewky? Was that based on the TPDC / Govt indications if a date for the License extension or not? Yes or No? If YES it shows that even Govt time lines move and, if NO it shows that the BOD were just guessing. Whichever it was it was wrong and consequently can be wrong again. FWIW I expect the circular in September ( though not necessarily early September) but agree with TB if we don't get it theSP will suffer considerably. And unless the BOD are certain it will happen "on time" would have been better not giving a date.
It's not just little old Aminex though is it Drewky, it's the Zubair Corporation who I recall were heralded as being hugely influential. Indeed was that influence not one of the very reasons for the farmout? Also I seem to recall demand would outstrip supply in Tanzania very soon by some of the links you very kindly posted? Finally did the BOD not champion Ruvuma as being of "national importance", strange then that it hasn't been fast tracked as you would expect a resource of national importance in a time where supply is not keeping up with demand don't you think?
I repeat What beats me is the naivety of some who think little old Aminex can control the timeline of a government mechanism. In fact in some peoples case we could substitute "think" for "demand" but the argument is nonsense so once again I can only conclude he wishes to bury the original positive message "A few decent buys on the bounce could quite easily see a repeat performance with everybody looking out for the leak of the big news. To hit the stated target the announcement has no more than three weeks in which to land Farm Out and EGM (Date reconfirmed three times) expected to take place by End November. Being subject to licence approval infers the EGM RNS will be the big one and need to be within next few weeks “Multiple Targets - 763bcf cretaceous 900bcf Jurassic Gas assumed at lower but liquid potential - Oil shows found down dip previous drill” 4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C" The timing of the whole issue is hinges on when the government rubber stamp the licence
Binding agreement was with TPDC cperkin and would, I imagine, be contingent on the licence as we both pointed out earlier.
lol Tarry, binding agreement mean anything to you? As for a takeover offer as you suggest it would be voted down at any EGM for anything less than multiples of the current SP not that I truly believe that to be a likely outcome.
Nearly there yet? - sit back with a bag of popcorn and put a movie on in the back of the car and hope there is no diverted traffic signs on the road ahead.
Well interesting Drewky so if that's the case then why did the BOD announce a date for completion of the farm out? You have spoken many times of people posting reservations about the BOD 'stealing from your pocket'. I'm not saying the deadline will be missed but if it is the sp will very likely plummet and it will be the BOD you so valiantly snd vehemently defend who have stolen from your pocket. It's the BOD who have set the date and I hope it's stuck to or we will all lose. Perhaps it's the long game all along: miss the date, sp tanks and Zubair Corporation 'save the day' by offering us 1p per share to take us private. Let's hope that doesn't come to pass.
Realistically it is far more likely that the dates that have been given have been on indicated time that was provided to them? What beats me is the naivety of some who think little old Aminex can control the timeline of a government mechanism. It will come when the government say it will come, lth here have known that for months and accept it. For the others I suggest you prepare yourself because the government can still stretch it out further if they wish. I still hope and expect it to come within the time frame
It has always hinged on them and the relationship is no different now than at other time that I can see or remember, but there again I have only been involved since the GSA
... and November 30th 2017 was a month away from the start of the 2017 dry season. Not sure what your point is though. If everything now hinges on the Tanzanian Government then where did the November 30th deadline come from? Was it, as I suggested, a far future date that seemed like far away enough that it may come true? I hope it was based on something more than that. Still no word on Kiliwani either, which is entirely separate from Ruvuma ... or is supposed to be at any rate. This special relationship we are supposed to have with the Tanzanian Government is starting to feel unrequited.
.
"Our BOD strategy seems to be: pluck a far-future date out the air and then hope that everything is signed off by then"
you do realise tarry, that, that date will be a month away from the start of the dry season, does that mean anything to you? maybe not, but that's your problem.
The EGM is contingent on the farm-out and the farm-out is contingent on the licence and the licence is contingent on the Tanzanian Government so who knows.
Our BOD strategy seems to be: pluck a far-future date out the air and then hope that everything is signed off by then ...... except the far-future date isn't so far future any more.
Hope we don't miss another self-imposed deadline.
Yep, licence extension first I do believe.
Certainly hope so!! That won't happen before egm and farm out confirmed though will it?
Reckon peeps will be paying more post licence than pre.
Ready?
I never said it was a big deal in the grand scheme but it came from nowhere in the afternoon last week.
Someone posted a rumour of a leak and possible buy out and all of a sudden it flew for no reason. All I'm saying is it shows it's being watched and if that is the case it could happen again.
Based on punt for hitting a deadline I don't know where you get that idea as that is another three weeks away and if you were right surely we should expect to see a steady rise rather than a jump like that.
What is you reason for knocking that back? Why is it that nobody on this bb can post a positive thought without it getting knocked back within the hour.
I can only conclude they wish to bury messages like this
"A few decent buys on the bounce could quite easily see a repeat performance with everybody looking out for the leak of the big news.
To hit the stated target the announcement has no more than three weeks in which to land
Farm Out and EGM (Date reconfirmed three times) expected to take place by End November. Being subject to licence approval infers the EGM RNS will be the big one and need to be within next few weeks
“Multiple Targets - 763bcf cretaceous 900bcf Jurassic Gas assumed at lower but liquid potential - Oil shows found down dip previous drill”
4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C"
Ha ha and whats your deramping username? I told you, its after weeks and months of share price dropping and people having a punt that maybe the bod manage to hit a deadline they've given. I don't see that rise (some of which we've already lost again) as a big deal, we're still lower than before the farm out deal was announced!
So what caused it then Billy Bighead?
I was going to say you wouldn't know a positive if it bit you in the ass but actually you would and you don't like them that's why you continually throw your spoilers the same as you do with all the shares you post on
Random Axe Yep is that to remind you that this is your deramping ID? Very apt
Wonder what your ramping name is?
It came from weeks and months of share price dropping, what are you on about? Another 30% rise and we're still just over 2p.....lets have a week of 30% rises and thats maybe something to celebrate!
Last weeks 30% rise came from nowhere and showed just how many people are watching this closely for signs of movement.
A few decent buys on the bounce could quite easily see a repeat performance with everybody looking out for the leak of the big news.
To hit the stated target the announcement has no more than three weeks in which to land
Farm Out and EGM (Date reconfirmed three times) expected to take place by End November. Being subject to licence approval infers the EGM RNS will be the big one and need to be within next few weeks
“Multiple Targets - 763bcf cretaceous 900bcf Jurassic Gas assumed at lower but liquid potential - Oil shows found down dip previous drill”
4.858 TCF GIIP - for Ruvuma - Ntorya 1.9TCF GIIP - 368 BCF 1C - 763 BCF 2C & 1162 BCF 3C