Member Info for CrustyPete

As it happens Robina, it was a rhetorical question; it was bloody obvious to anyone that has an open mind and an ounce of intelligence......

But hey thankfully those with a self serving narrative to peddle are pretty obvious to most long termers.

Anyway I wish you all well Aminexers - I will be away for a few days. I hope that PoC's large buyers return and the sp recovers.

No **** Sherlock? Lol No doubt they will after a 17% fall :0) I will be looking to buy some myself.... where did your "keen buyers" disappear to?

"These cheap shares won't hang around for long" No PoC you were quite right they have since got considerably cheaper.

Any comment on the net balance of today's trading PoC?

Just a shame that your selective bias didn't choose to report the 16.8m sale from Thursday in the same way PoC. But then, of course that wouldn't have suited your self-serving narrative would it?

Thankfully most on here have seen your type many times before over the years.... ;0)

Stale and crusty versus selective and delusional.... keep dreaming PoC.

Good night all ;0)

And quite a few still keen to sell to them it appears.....

"5m shares bought 16 seconds after market opened this morning." 5m? Or maybe 4m?

Are you not also going to draw attention to the 4m sold at the end of the day too? Or doesn't that suit your particular narrative PoC? ;0)

Well let's hope the actions match the words PoC; and sooner rather than later.... intentions mean nothing, foreign investment in the Tanzanian Gas market will only arrive when they see meaningful action.

Let's hope it is not long coming.

"The new President of Tanzania wants to increase tax revenue from projects and investment in Tanzania."

Yes PoC so did Magafuli, hence AEX paying $2m of non-existent "CGT" on the Farm-out and our (still) unpaid invoices from KN1 gas production. Let's just hope raising tax from Gas revenues doesn't effectively tax them out of existence.

I would not argue with that Tanzania; I firmly believe that any change in President could only have been a good move for AEX shareholders and the one we have now is a vast improvement on her predecessor - my reservations are on the breadth and speed of any change. Change is typically best delivered as part of a process of evolution not revolution, as the alternative tends to "frighten the horses" and results in opposition and resistance; sometimes violent opposition and resistance.

I am sure that positive change will come but I am not expecting it to happen too quickly; indeed it will probably be in our longer term interests for it to happen slowly thereby avoiding a drastic reaction from the Magafuli worshippers.

Just my opinion though ;-)

GLA

Quite right CP, agree totally but no-one can surely claim to be surprised. Not least because I have been highlighting exactly this same point for what seem like an age...

The proof of the pudding is in the... invoices ;0)

Good luck all.

Yes indeed Frank quite right, split "pro-rata" between JV partners.

I also agree with you that AEX will not go bust. They will look to raise capital through any one of a number of methods post CH1 drill. But I do mot think that selling any of our 25% will be one of them.

I wish you all a great weekend.

It would be APT that could be in the market for some of AEX;s 25% PoC not ARA..... They are different entities.

Anyway good night all.

Yes, if APT wanted it they could purchase some of AEX interest - but that is a ridiculously optimistic price. $1 of credit does not equate to $1 of cash. And that would result in a significant loss pf shareholder "value"

"Just as Scirocco are doing" You mean just as Scirocco are failing to do PoC. And yes PoC even if SCIR could find a buyer, that purchase would need APT and Tanzanian Admin approval. Its a closed shop.

"Stale and Crusty" maybe PoC but to date, somewhat more reliable than your overly optimistic, one-eyed babble.

Nonsense? Prove it! And, whilst you are at it prove that any buyer would not need APT and Tanzanian Administration approval.

The seller would need approval by both APT and Tanzanian Authorities and I suspect that would, in effect, mean that the APT would end up acquiring it for next to nothing.

If AEX goes "bust" they would forfeit their 25% to the JV partnership.

Oh and PoC any sale of AEX's 25% would require both the Zubair's and the Tanzanian Administration's approval..... That gives the Zubairs all of the trump cards.

Which of the two options below will get the Zubairs the earliest return on their £26m investment PoC? $10m a year from AEX's 25% or their sub 30% investment in a set of totally dormant assets that will take millions in further investment, a change of attitude on the part of the Tanzanian Administration, and what another 4 -7 years (KN2) to generate any meaningful production income?