Member Info for CrustyPete

Basically Umaz an Exploration license gives the holder the opportunity to go and find gas or other resources with the expectation that, once they find it and enough of it, they can then apply for permissions and terms agreed with the Tanzanian Agencies to "exploit it". Exploiting it requires whole raft of additional requirements and obligations - to agree a plan for a work programme that drills or otherwise extract the asset, an infrastructure to get it to market and planning permissions, compulsory purchase orders and compensation for people affected by it etc etc

RJ you say "...back costs to pay in one form or another would they not?" Yes absolutely, in principal BUT reality dictates and the TPDC would be highly unlikely to dip into their, very empty, coffers; I would fully expect their contribution to historic and future costs to be funded from their share of future income streams. TW alluded to this back in July.

RJ you say "Ara and Aminex are in partnership with TPDC." - that presupposes that the TPDC have exercised their back-in rights to the Ntorya License (which has long been expected) but if so it has not been confirmed anywhere to my knowledge - maybe as part of the GSA but as no-one has seen it how would we know?

I have not been following the board or the sp this morning but see that the sp had fallen below 1:00 on the bid. Thankfully now back up at 1.05 - 1.15p and with BUYS going through at 1.15p. I really hope we see this stabilise above 1.00p before the RNS comes out.

Yes emptyend, understood and accepted. We can but hope :0)

Any further information re future work programme and timings would of course be good news emptyend but the last we heard ARA had not even signed a rig contract, so to what extent that timing information is currently available is questionable methinks?

Good morning emptyend - and will that RNS require the TPDC (or similar) to run their eye over it first?

Happydazes I would agree with your assessment but for one thing - I think that raise will be at 1.25p and would not be surprised to find that it is already "in the bag"....

Morning Rojo, yes you are right having looked again it is more than £55k! Never ben too good at mental arithmetic - well not after a few beers anyway :0

I don't think anyone doubts the Dev License is a "done deal" but if the sp is to continue its upward trajectory we rather need that RNS - and quickly, methinks. I am a little disappointed that we haven't seen it already albeit NOT surprised, for reasons expressed yesterday.

Whose new avatar is this "David6576" do you think? Their style of ramping looks very familiar - Neil777, CODEFRED ?? What do you reckon RJ?

Wonderful though isn't it for months, if not years , we see no action ands no new posters here and all of a sudden, the price ticks up and they all appear out of the woodwork! Aminex afficionados, providing all and sundry their opinions and expectations gleaned from their extensive experience and knowledge of the company, when most have been here for all of 5 minutes. Rainbow chasers and chancers!! Laughable.

5p on official confirmation of the Dev license and similar tosh. Thankfully most here have been around for too long to be taken in by the BS - I only hope that some of the newcomers don't get taken in by the hyperbole and embellishment.

I note that having kept a low profile by the experience of the last two years haggismctripe is back and in full voice - We can only hope that his current predictions are a little more accurate and believable than they have been proven to be in the past.

Anyway upwards and onwards, it has been a great day (I am about £55k better off than yesterday! :) let's just hope that this is a sign of things to come and not yet another false dawn; confirmation of that Dev license would be good - and the sooner the better.

In short Tanz - total b0ll0cks

If I had taken your advice Rojo I would never have bought them in the first place; so I think I will rely on my own instincts thanks ;0)

Today's action simply on the "whiff" of the Dev License think what might happen when we actually get it and then all that follows...?

1.05 - 1.20 today's high water mark?! Probably.

Unless we get that official RNS.

Trades at 1.20p

Now Rojo tell me that my March and April purchases (all below 0.73 - 0.79p my BUY indicator were ill-considered!! If you had done the same you might now be in the "Blue" and able to exit? If I were a "trader" I could already be taking 30% ;0)

Only joking Rojo!

0.95 - 1.05p spread - looking good!

Blimey CP - maybe that change to anew PR company is working!

Still nothing concrete though - what's afoot?

1.00p being paid GL :0)

Same day BG? Good news, I genuinely could not remember.

A few Buys going through at circa 0.98p

Now quoted at 0.90 -1.00p

No smoke without fire methinks.

Good news.