Member Info for blackgold00

"Serious question matey."

just had a shower, i thought i did answer, Aminex was in a dire state prior to to the boys coming onboard with there funding, so without that we probably wouldn't had survived.

"What I was asking following your ridiculous remark as to whether I "deserved" to buy shares at 1p or below is do you think that JB deserved to get so many shares below 1p for the canyon acquisition?!"

it not so much about who deserves to buy at what price Dunder, but at what the share price deserves to be at. and right now i would say that below 1p would not be fair as i consider them to be worth more.

"So u think JB deserved all his shares for the oil inventory that aex acquired with Canyon???!!"

and where do you think Aminex would be now, if BH hadn't got those boy to come onboard when he did ?

I don't think you are going to get it gaslady. famous last words : )

yes cperkin, that's how I see it.

Dunder, "Looks like I'll get my sub 1p price?"

now you're showing your colours, sub 1p ?, you don't deserve it

(the farm-out is dependent on the Mtwara PSA licence) so we can expect that to be issued prior to Circular being made public. the other thing is, the ("Ntorya 3 is not dependent on a 25 year development licence") so we might still expect the CH-1 spud in Jan. ???

"A condition precedent is an event or state of affairs that is required before something else will occur. In contract law, a condition precedent is an event which must occur, unless its non-occurrence is excused, before performance under a contract becomes due, i.e., before any contractual duty exists.[1]"

so it looks like the Mtwara licence has been granted for the Zubrair's to farm into and for us to vote on at EGM, but will not become final in law until the Development licence is granted, on the Zubs part, it makes sense really.

"the parties have mutually agreed to extend the longstop date of the transaction to 31 March 2019 in order to complete the Conditions Precedent.the parties have mutually agreed to extend the longstop date of the transaction to 31 March 2019 in order to complete the Conditions Precedent."

Conditions Precedent = development licence ???? so this might no stop CH-1 spud in Jan ???

Zubairinexso ?

how old are you Jackson?

Dunder, "Think about the deal which they ended up with and tell me what else was available?"

a bloody lot worse than having a 25% fully paid share of Ntorya production. if we were in so much of a weak position we would be right out of the game. human nature, think about it Dunder

"even pay the overheads?" with those inflated wage bills. lol

mates rates ?

strange price behaviour ?

yes, but TPDC has held back KN gas payments that should cover the disputed sum. I believe

Dunder "Didn't JB clearly say they'd looked at every alternative and there was none available?"

no Dunder, he didn't say "there was none available" you better look again at (your own research)

Crusty, "yes, if you believe the BoD's one time assertion that they do not need the License Extension to drill C1"

no Crusty, what they said was," Ntorya 3 is not dependent on a 25 year development licence", not the Mtwara licence extension, which of course it is dependent on.

Chrusty "One of the "justifications" of the Farm-Out to APT that was given at the EGM - in an aside - was that APT could access plant and equipment at a fraction of the cost that it would be available to AEX..."

So from that point, which has been mentioned before, it would imply that Solo with its 25% interest, would/could also benefit from any rig/drilling discount that could come from APT operatorship, (or would they be charged a different rate ?) and this is one reason why I am thinking that maybe the Zubrair's would want to, and could now possibly be, negotiating with Solo to do a deal of sorts. because from Zubrair's prospective, Why should Solo be advantaged from Zubrair's status?

" BUT at a guess I would be inclined to look at a PE at the lower end of the "range" and on a figure of NOT $40 m but maybe $25 m (profit)... So a PE of 20 on a Profit of $25 million would give us a market cap of $500 million or £360 million and an SP of circa 10p"

not bad then from where we sit now, and once licences/farm-out completes a clearer sight of and potential earnings and value of the development will start to be realised and move on the SP. also the exploration up-side of the development licence, the Jurassic prospects, and the Namisange could also add considerable value from there.

surly, it only takes a minute to approve or disprove a fart