Member Info for cperkin

Lots of news headlines.
https://www.energyvoice.com/oilandgas/africa/240049/aminex-strikes-tax-deal-to-progress-ruvuma-deal/

https://www.proactiveinvestors.co.uk/companies/news/918948/aminex-agrees-loan-to-pay-tanzania-cgt-tax-and-expedite-farm-out-918948.html

Just a thought but since the Tanzanian Gov are treating the $5+$35 Farmout as a cash equivalent and thus the $2.2 CGT payable by AEX, this confirms the direct read across here of the $20 million cash equivalent valuation for Ruvuma. = to £16 million.

+1 dunder

I assume that as soon as the Gov have their cash the farmout will be sanctioned and completed.

Likewise steve, the only delivery here has been the Tanzaian Gov issuing the extension licence and what looks to be the completion of the farmout very soon. So nothing to do with the BOD at all.

I don't think that's correct steve, the CGT tax is payable by Aminex for the farmout income, solo have not farmed out and are not part of the farmout….yet

"As part of the ongoing process to obtain Tanzanian Government approval, the Company, with the support of its Tanzanian tax adviser, has been in discussions with the Tanzania Revenue Authority ("TRA") regarding any taxes payable on the Farm-Out."

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AEX/14529606.html

Thanks FL, a zoom would be good ;) I believe that someone else also said the road to the new cement plant was nearby and connecting.

Load them up Froggy, dropbox etc...

Yes, could be a good fit for WEN thordon, although I think they are looking to diversify outside of Tanzania, all eggs in one country basket is the position solo currently find themselves in. The Zubairs would be high up the list imo, bearing in mind the financial commitment they have already made and the much larger one seemingly about to execute.

Agree BG, not much point issuing the licence and then not approving the change of operator to the Zubairs, although the Gov do have history of making themselves look stupid. Interesting to se how the new Operator moves this along and at what speed with CV19?

"Total Board remuneration is now under £100,000 per annum i.e. £8,000 per month."

Looking forward to the results from this "period of intense workload for both the Board and many employees" then.

Yep, onwards.

The price is shown as €0.001 in box C on the notification BG

It's pure speculation trrime, nothing wrong with people speculating, there are some synergies between the companies assets and of course the fact that both John F and AF are major shareholders in both companies. In any case any deal either by SOLO or BLOE would need financing and that's probably a hard call in todays environment.

P1ss poor communication again, exactly the type of thing that Crusty, Drewky and Big double went to all the effort to address in previous meetings with the BOD.(thanks again Crusty and the others if they still read here) I don't understand how they can award £1.2 mill in shares @ Fridays SP for nominal value. On the one hand the RNS on the 27th details for example,
"Robert Ambrose, our new CEO, will receive an annual salary of £60,000 (a reduction of almost 70% from the £180,000 salary of the previous CEO)" and then @ Fridays price is awarded £344,000 in shares?

Like matherdj I prefer to wait for an explanation before attempting an EGM and all the negativity associated with it. Not sure how easy it would be to gain 5% just from this BB anyway.

25% of Ruvuma is up for sale Mousey ;)

Hope you are keeping well.

C

Thanks Hepseal, that's more like it.

http://www.blockenergy.co.uk/investors/

Thanks Thordon, so a reduction from the October# of 15,040,910

Cash the shares and pocket the difference or keep them, their choice.

Nothing more that that dunder. You had a few in the past?

Did he buy again recently, I thought he held 3.82% going back to October last year?