$6m claim from TPDC22 May 2018 17:57
My average buy price for AEX is 3.10p so it's now hovering just above my stop loss of -25%. Not a great investment to date and I'm wondering whether to cut my losses and bail out. This extract from the recent RNS is worrying:
"On 11 April 2018, Aminex received formal notification from the TPDC of certain claims amounting to US$5.97 million for liabilities arising on revenues from gas sales, of which Aminex's share is estimated to be $2.73 million. Aminex has advised the TPDC that it does not accept the claims..."
So if AEX are dependent on approvals from TPDC before bringing further production on line, it doesn't seem like they have a great relationship with them at present. And are facing a potential $2.73m hit on this claim. Or am I reading too much into this ? Comments welcome..