Member Info for CrustyPete

"We have a great responsibility for the nation in ensuring the availability of natural gas to meet the needs of the country and the market around us,"

Blimey oh riley, I must remortgage my house!!

No RJ, same old same old platitudinous hogwash that they have been trotting out for years. It is not rolled out for the benefit of AEX shareholders but sycophantic Tanzanian voters. And even they have heard it all before.

So RJ it was edgar that posted that link and nothing to do with AEX or AEX's PR "machine" unless they are now paying edgar222? Moreover if by posting this piece of vacuous hot air you, or more poignantly the BoD, think it likely to bring AEX to the attention of the hoards of potential investors then I am afraid we are wasting our money :0(

Tell nobody what RJ?! That is exactly my point. What exactly is this article telling anyone of any value? There is nothing in the article posted by edgar worthy of telling anyone let alone an Aminex shareholder - it is of absolutely no consequence or value and of spurious relevance.

But if it get's you and others singing from the rafters you lap it up chap.

Sizzle?! Lol. And you seriously think that a piece of meaningless hot air from the TPDC will have the hoards stampeding for the BUY button? Get real RJ.

That is a bit of a leap RJ; interesting I would agree but pertinent specifically to AEX? Nah. PR and nothing more.

Just been quoted 1.16p for 1m and 2m shares, so yes I think 1.15 - 1.20p would be a reasonable assumption for the "real" spread.

Yes, exactly AA. MM's being defensive methinks, anticipating news? I suspect that, in reality the current spread would approximate where we opened 1.15 - 1.20p but we need the evidence of a sell or two.

Edgar how or why conflate the TPDC PR machine with #Aminex#AEX

There seems to be an awful lot of PR from the various Oil and Gas and mining authorities at present. Could it be election season?!

Yes AA, not a lot of trades but those there have been are of decent size - unlike the usual procession of £25 trades!

Let's hope it continues.

But skittish, NHE is a case in point, they are struggling to raise cash and, had the Itumbula drill not been mildly successful He1 might well have gone totally tit's up and incapable of operating their license.

Having said that I do largely agree with Skippys - it is all for Tanzanian voter's / populace consumption, it is highly unlikely to ever transition into a reality

That would be one logical application of the policy, yes.

What actions or investment might be considered to be "added value" is a moot point but I suspect it would include infrastructure, employment, internal distribution, conversion of primary industry to secondary industries, joint ventures with local businesses, generation of foreign currency etc

It might also mean that, going forward, it might make it more difficult smaller enterprises like He1 and NHE from participating in those licences because without the guarantee of future funding how can smaller companies ever provide the guaranteed outcome that they have set out? Hence the charm offensive by LB perhaps.

I think that means that, irrespective of your size (small companies excepted) any company that applies for a mining license will be expected to articulate a route to market and fund the development of any assets they are looking to mine and demonstrate how Tanzania and its population will benefit from that development - even if that means re-investing the proceeds into the Tanzanian economy.

I am not sure that this would apply to a company the size of He1 or NHE as it is difficult to see how they would qualify as a "medium to large scale operations" by anyone's judgement. Their lack of scale determines their need to keep running cap in hand to the market for funding at every and any turn..... It surely hardly breeds confidence on the part of the Tanzanian authorities that they will be able to complete on the development without continued bailing out and, probably, an eventual sale; or "cornerstone investor". RJ, CP - ring a bell?

Trying to create activity of some sort, of any sort?! You can't earn money as a MM if there is no trading!

1.10 - 1.20p now. :0(

Rather too many E-numbers in the haggis today methinks. That or he has been on the nitrous oxide again ;0)

And the BoD would lose out on their "options" !! ;0)

Any sale of He1 would be done at considerably above 6p for that reason alone.

Personally I am not concerned about the timing of the Dev License RNS in the context of the remaining news - if it all get's issued at the same time we will then end up with weeks, if not months, with no new news and we all know what happens in periods of information drought.... Perhaps better to "stagger" the newsflow and avoid that hiatus?

Also note that we have the AGM in June so as well as news on the Dev License, Rig contract, NT workovers etc there should be a lot to look forward to. Plenty of questions about TPDC "back-in", Kiliwani license and operatorship, ownership of "condensate" rights etc. So for once a lot more light than heat to come in all but a few weeks.

Yesterday Alan he was "IToldYouSoi" and tomorrow he will be "....."?

I see he didn't even make an hour today. Thank goodness.

1 Day? I will give it two hours...! Admin have his number.

"Very soon" = "Almost imminent" ;0)

It hasn't happened yet JohnDodo so as long as you effect the sale and purchase before the AGM you will be okay.