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Why would they - there has been some nonsense on this BB in the last 24 hours. If the Zubs wanted to squeeze PIs out of the game, they'd enact the loan and interest with immediate effect. if the FO wasn't within sight, the extension would have been months not days. All looking very positive IMHO.
Now we can see the reason the farm-out has gone on so long - resolving Solo's precarious position would have been a critical factor in any agreement. Now that they have been extended a lifeline, I expect the rest of the news to follow in short succession.
I agree. I'm also in it for the long term, topped up on news and confident; and still bemused by the thought that some might believe that anything said on this forum (or other amateur equivalents) would have ANY effect on share price for all but the most gullible.
Buckler, the only fact you've left out of this very likely scenario and perceptive observation is the fact that every major share price move relating to AEX over the last 2 year has preceded the RNS announcement by 36-48 hours.......
I'd say that only goes further to reinforce your supposition. Make of that what you will.
It was a joke, but then Drewky did claim to have an inside track with the BOD and kept reposting that ridiculous list of unsubstantiated 'factoids' and was downright rude to many who sought to question his advice so "many a true work spoken in jest.......".
Anyway, I agree, a tide seems to have turned now so perhaps we will see some ROI. Long overdue.
Drewky's presence and continual over-optimism and shooting down of anyone being pragmatic seemed to coincide almost exactly with the SP decline so, nothing personal but I rather hope he may be away for a while.
I wouldn’t wish ill on anyone but, to be honest, from a corporate, commercial and shareholders perspective this is probably the news we’ve been waiting for. Spooky parallels with the national stage! Now we can move
forwards; albeit it’s not entirely clear what forwards yet means. Best wishes to Jay, Best wishes also to Aminex. May both enjoy a swift and complete recovery. I suspect the tide may now have turned.
From Hitch Hikers Guide to the Galaxy Part 2. V19 - Version 19 of the Drewykbot Auto-ramp - an artificial intelligence device invented and developed in the early 21st century by marketing executives at secretive Camarco Ltd to promote confidence in seemingly cosmic scale lost causes, the Drewkbot went through many iterations but all suffered from a tendency to become increasingly strident and repetitive before imploding in a tirade of hypocritical, non-sequitous illogic. The Drewkybot project was finally abandoned after the V37 model was once again dismissed as inconsistent and temperamentally unstable in early 2020.
Just joking of course. GLA.
Unless others know otherwise, it seems to me that the 'elephant in the room' remains the unresolved (as far as we have been told?) disputed sum the TZ Government claim AEX owe them. Was there any talk of this at the EGM? Whatever the rights and wrongs of the case, the Government are unlikely to award future, or extend existing licenses to companies with whom they remain in dispute. Believe it or not (unlike the UK gov't in respect of Seaborne Freight etc) there are other nations' governments who will embargo future contracts/licenses until legacy disputes and/or 'debts' have been resolved! Our problem is that resolving the context of this dispute is not a simple matter of the TZ gov't extracting a few $Ms from AEX; the Gov't's decision for AEX has profound implications for their future leverage for every deal with overseas companies. It sets precedents. They are not simply going to roll over and let AEX 'get away with it' (as seen from their perspective). An astute BoD would recognise this overtly minor issue as the strategic issue that I believe it to be and be focussed on resolving it rather than drip feeding us with latterly undelivered deadlines (or no news at all) as became the practice throughout 2018. Let us hope the Zubs can bring more weight to bear on the matter than the AEX BoD have previously.
Before I get shot down for stating my opinion, I hasten to add that I do also believe the issue is resolvable if AEX recognise it for what it is. That aside, AEX has significant potential based on its/our assets but, for the immediate future, it's also best to be honest with ourselves about possible reasons why we have been held back and find ourselves in the position we do from the high grounds of 15 months or so ago. Digging our heads in the sand is neither drilling nor moving forwards! It's a Hold from me - for now.
I'm kicking myself for holding on - that's my own fault but a few on here should be equally ashamed of themselves for refusing to accept the realities and telling outright lies regarding 'communication they'd been having with the Company - and needing to discus/consider eg with 'ma Julie' before sharing more widely'. Utter claptrap.. Selling out today - and will return in a year or two's time depending on management changes that will be the only route to making this company remotely effective.
On the basis of recent performance, I'd split your assets and save some sage and onion for next Xmas too GL.
Drewky, I normally write off your over-earnest positivity as an irritating page filler when I try to get a sense of PI's true feelings and prognosis from visits to this Board but your defence of the BOD (and by extension their salary package) is beginning to sound like a hapless Putin still trying to explain why a pair of unlikely looking Russian 'culture-vultures' toting 'parfum' atomisers might have wanted to pay an eight hour visit to Salisbury. By any normal metric, the AEX BOD performance over the last year looks shocking. Noting personal but please do us the favour of putting a sock in it for a while. Filtered in case you don't.