Member Info for blackgold00

"CH1 will be drilled when APT good and ready and not before "

yes totally agree Crusty, lets just be happy in the little rise we have : )

Aminex is 30% owned by the Zubair's, so as i see it they have an invested interest, run by Zubair for Zubair, i think we are in good company.

all three wells in Ruvuma spud at the end of December beginning of January

yes Seance, they've all been and gone but Ntorya has stayed, and now with seismic and CH-1 drill the value should start to be revealed

but who will be the fool, is you in or is you out ?

Sadaat is doing his best

https://twitter.com/sadaatumar

maybe a bit cperkin, but it is starting to feel more solid and certian here now

"When I spoke to them in December "

spoke to who matherdj ?

yes, but what we don't know is what's being negotiated with TPDC re; Nyuni work-program, Kiliwani/receivable, so nothing certian yet

Strategic and Corporate Update

"To take advantage of opportunities provided by the Ruvuma Farm-Out, avoid the need for further dilution, and improve shareholder value, the Company has been working on several important strategic initiatives. As part of these initiatives, the Company is restructuring the Board and further cutting costs. "

Further Cost Reduction

"In 2021, the Company intends to reduce gross general and administrative costs by 30% from 2020 levels and an additional 25-30% reduction in 2022. By 2022, these efforts will reduce gross general and administrative expenditure (before one-off costs and exceptional items) to less than £1 million per annum, representing a 75% reduction from 2018 levels."

i don't doubt they'll need it, but where and when was that stated ?

"According to Fjones, they are working on financing for G&A"

where did Fjones get that from ?

"minimal", if any , is the word matherdj

i suppose, if any institutional investor wanted to invest and givin Aminex are not planning further dilution's, then they will have to accumulate their holding from the open market.

"To take advantage of opportunities provided by the Ruvuma Farm-Out, avoid the need for further dilution,"

thanks pekingduck

yes agree boom boom, we've done all the hard work, we just need to sit back and wait awhile and watch it all happen.

http://aminex-plc.com/ShareholderInformation.aspx

Total shares in issue (AEX) 3,770,684,843

The following information is correct as of January 2021.

Shareholder Information Notified interests:

Eclipse Investments LLC 28.35%

Aminex Board of Directors 0.09%

So no other holdings of over 3% ?

"this is a pump up and (not real)"

well, i think maybe with the CH-1 spud now just 9 months away, 0.40 was starting to be perceived as bonkers.

job

fjones40, I can't see it going back to the 0.40s, this isn't like last year with all the doubts and uncertainties, the $20m planed 3D kicks next quarter, and "the Chikumbi-1 well is planned to spud in early 2022 with mobilisation of the rig and other services planned for the second half of 2021". So we're moving into that long awaited period of valued added activity. The MMs have there gob to do, value will out.