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Its very difficult to know what effect any deal could have on the shareprice, we have valuations between 0 and £1.50.
Agree Aimster, I still stick with you have undervalued Ruvuma once the licence is issued and 3 to 3.5p would be fair value.
I appreciate that there are a lot of unknowns with regards to Solo. Will they finance Ruvuma to production or go for a free or part carry to production by giving up a percentage. Or even sell the whole 25%. The same with H1, will they maintain 13.8% or even increase our percentage.
With regards to the SP predictions I taken all I know about both companies, which I’m not saying is correct, I’m sure crustypete will give his 5 penny worth if he looks in, and I’ve written down conservative SPs matching key events. Obviously if the herd arrive the SP could touch double figures. For me personally I would be perfectly happy if both companies hit my SP predicted values.
That should say, sell part or all of Ruvuma.
Ah sorry so you are talking beyond just the drill bit being sunk, indeed there are many costs then that have to be considered, one of the larger ones being who pays for the pipeline, TPDC or the JV.
There are too many unknowns to state anything definite regarding funding, a producing asset for example will provide revenue and along with the 2C resources already discovered and appraised along with the Zubairs commitment of over $100 million to bring the asset to production would make asset based financing an option. It also depends at what stage the BOD sell part of all of Ruvuma?
CPerkins....I don’t believe Solo have enough for the dry hole. £3m in the bank is probably only enough for Ruvuma seismics, maintaining our percentage in H1 in the next 2 fund raises and K1 remediation work.
So is the asset acquisition FOC? No. One large loan required.
SOLO is worth book value 3.5p on just the licence delivery alone, so I agree with Bluff undervalued assessment + the BOD said delivery of a deal would be non dilutive.
So 3.5p on licence for me and C-1 drill and limited to no funding required, bearing in mind they already have enough to cover dry hole drill costs.
Bluff... AEX has a third of what they had 2 years ago. Even at 4p the MC looks high.
Anyway.... 2 key words in my post....fun and conservative.
Very conservative for aex mate. We are fully funded and no reason why we cant have back to back drills after licence. Ch1 spud results alone will take us to 8p plus. This is where things were heading initially 2 years ago.
Also for solo we nearly hit 1p old preconsolidation... 20p in today's value not unrealistic.
A little fun for the weekend. My conservative SP predictions over the next 6 months.
Aminex current SP 1.25p. MC £45m
Farmout & Licence SP 2p - 2.5p
KN1 remediation SP 2.5p - 3p
C1 Spud SP 3.5p - 5p
Stabilise to 4p MC £144m
Solo current SP 1.65p. MC £10m
Farmout & license SP 2.2p - 2.5p Major funding required
Asset Acquisition SP 2.5p - 3.0p Major funding required
KN1 remediation SP 3.5p - 4p
H1 IPO - minimal effect
C1 Spud SP 5p - 6p
H1 Spud SP 6p - 7p
Stabilise to 6p MC £36m
Well best of luck this time round burning, seems you missed the chance @18.5p in 2017, no sleeping this time.
There is no such thing as being locked in unless the share is suspended, you are free to go elwere with your money ( if you see better potential elsewhere, it makes no sense to me if you don't have faith in the present Bod.
But you are quoting old management tactics and new management promises, not sure you should confuse the two, the new management Jam is not due delivery, quite yet. Anyway looks like development over the primary asset is expected judging by the aminex movement.
Agree.
The management have spouted jam tomorrow for many years and I unable to share their confidence that the company will produce the quoted bopd - which asset is going to provide the commodity ?, does anyone know .....
Could be interpreted as the Zubairs preparing to drill by moving in Operational field development management.
RNS Number : 4240L
Aminex PLC
06 September 2019
6 September 2019
Aminex plc
("Aminex" or "the Company")
DIRECTORATE CHANGES
Aminex is pleased to announce the appointment of Mr Robert Ambrose, as a Non-Executive Director of the Company with immediate effect. Mr Ambrose will replace Mr Sultan Al-Ghaithi, who steps down as a Non-Executive Director, also with immediate effect.
Mr Ambrose is the Chief Operating Officer of The Zubair Corporation's Energy & Logistics Division. He has a Petroleum Engineering Masters from Imperial College, London, and a Mechanical Engineering Honours Degree from Brunel University in the UK. He has over 30 years' experience in the oil and gas industry, from downstream to upstream, covering many aspects of the supply chain and has experience in and held senior management roles involving the reservoir, well construction and production both onshore & offshore. Mr Ambrose joined The Zubair Group in 2001.
Under the terms of the Shareholder and Relationship Agreement dated 8 July 2016, Eclipse Investments LLC ("Eclipse") has the right to appoint two directors to the Aminex Board. Along with Mr Ola Fjeld, Mr Ambrose is a representative director appointed by Eclipse.
Mr Ambrose will be proposed for election by shareholders at the next General Meeting of the Company.
Aminex confirms that there are no matters requiring disclosure in respect of this appointment under paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.
Aminex Chairman John Bell commented:
"We warmly welcome Robert Ambrose to the Board of Aminex and look forward to working with him as we, first, seek to complete the Ruvuma Farm-Out transaction and then progress development of the Ruvuma project as soon as possible. Robert's breadth and depth of experience across the industry will be of great benefit to the Company.
On behalf of the Board, we thank Sultan for his contribution to the Company over the last two years and wish him well for the future."
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AEX/14216327.html
If we get some initial production I see first stop being 5p.
Tom was ramped to get a placing away on the 14th August (Garyn & co called it), SOLO and AEX are simply undervalued @ nav.
TOMCO cost me couple hundred pounds I sold @6p now look where It is, it broke a Golden Cross and didn`t make a scat of difference as the rinse brigade push it up and left all the small traders to foot the bill, the last 3 years have been a massive learning curve for me and I can only describe this as "ONE BIG GAME" of fun or misery depending on if you know the gameplan or not, Solo will be 4p next year is my take on things here but meanwhile the speculators (Rinse & Repeat Brigade) will play this and have been whilst the share is waiting for this big event, this is only a opinion so DYOR I have and why I held off and been in and out the stocks to stop massive damage from these people and why I nearly made all my losses back on SOLO & AEX now GLA !!!
ArielArrow the evidence will be if a stock drifts down 15%-20% when there clearly been buying over a period of days, profit taking doesn`t normally make a share drop that amount as if people as you say think there is going to be a event soon they normally replace the sell however if it being rinse and set amount of buyers buy into a stock knowing that many have sold out and are waiting on the sidelines for confirmation and see the rise and panic buy along with the trader thus pushing the price right up as we seen on the other side or it could be real push up but it burnt out very quickly here and I feel this stock has better prospects than over there hense why I`m in both and elsewhere of course, if both drop back over the next week they being rinsed in my opinion and of course I am wrong , it my feeling not a fact I feel at the moment, I expect both to rise either Friday/Monday as both are way off where I would put both stocks based on the so called event/s GLA !!!
Frank, thanks for the reply, I can't see any evidence of rinse, repeat as you put it,
And yes untill some decent news this will just drift about, obviously some will take profits when they see one ( each to there own, as I said previously I'm here for a while ( untill year end before I take stock of the situation and I won't be deterred by doomsayers.
If everything on the list is sorted imo 30 to 50p.
I’ll split the difference at 40p about £250 million mc.
I may of course after certain rns’s are released have to revise my figure (hopefully upwards)
Digging up the past. Solo were worth in excess of £50 million in the reef days long before Ruvuma and Helium One. Reef was supposed to produce about 500 barrels of oil a day. What Solo now have would be producing an equivalent daily output of many times that.
No, I congratulate you on your timing if this comes good. Must be one of a tiny minority here who is not well down. If I had a few quid to spare that I could afford to lose it might go here because the rewards should be great. However, this company has let it's shareholders down time and time again.
I agree with some of your points, and best not give advise because that could come back to haunt you,
Yes there may be time but I choose to take my position before it falls into place, and even at this level I am still in profit ( if you where refering to me.
ArielArrow they know who they are and it doesn`t matter really I just hope both share is not another false dawn caused by a group of traders on here but we will see going forward, delighted in the rise as I benefit but one thing for sure ArielArrow if it is being as I say then the price will flop/dribble back down but if I wrong then it will be down on profit taking of course as the over bought signal was showing yesterday so maybe a breather, so if the expectation is that something is going to drop September then the share price will continue to rise or find a level not rise up and be sold off, I say all of this because I wont be selling as I in for the event now as even if it months like I said before we are talking of 12-16 weeks which is nothing in the schemes of things as even myself don`t believe come the new year we won`t know something good or bad.