Member Info for CrustyPete

So much for that 0.5p "floor".... lol!

As irishmouse says pick up some "cheap" shares if you dare but don't bet the house on it; these shares could easily get cheaper yet ;0)

Only once we get approvals and some guarantees that we will actually get paid for the gas! No-one will want a share in some unpaid invoices ;0) Moreover the anticipated income streams from KN were never vast; so how attractive would farming out KN actually be to a JV partner?

JB was always intending "farming out" KNS with a drill operator for a share of future KN income streams but that would not necessarily provide AEX with the cash flow that the CEO says they need....

Only time will tell Sambo.

How will they "dilute" it won't be shares in my view it will be a %age of the license or income streams....

Exactly my view matherdj.

I absolutely agree that diversification outside of Tanzania is essential going forward and have advocated it for many a year. I do believe it will happen but i also recall JB once saying that the Zubairs view AEX as their own long term East African Mixed Energy "vehicle". Let's face it AEX is now essentially a Zubair family "plaything" I do not see that diversification ever being outside of Africa unfortunately. Personally I have had enough of investing in Africa on any significant scale - it is just too subject to political the manipulations and machinations of corrupt and self serving administrations.

As regard the $6.3 million? I don't believe we will ever see it and only $2.7 (from memory) belongs to AEX anyway. In the same way that we had to pay very doubtful and dubious CGT bill to get the Ruvuma license extended I also think that we will have to write off the unpaid Invoices to get the necessary "approvals" to get KN1 remediation underway. I sincerely hope I am wrong but there has always been an element of "extortion" in those unpaid bills and as AEX were and are over a barrel we will be forced to concede it I fear.

Bye for now.

Point taken, Tanzania. Enough is enough. :0)

You make a good point Sambo.

In your opinion frank, in your opinion.....

As you yourself pointed out frank what did Mr Ambrose say to everybody yesterday? That AEX have no cash and therefore need a JV to bring in cashflow. Do you think anyone will provide us with cashflow for nothing frank? No, of course not. Therefore we will be diluted and what is that if it isn't a fundraise?

You say "and you knew exactly what you was doing" - yes frank I was simply pointing out what I believe the impact and implication of what Mr Ambrose's comments were likely to have on shareholders. Should the fact that I have circa 11 million shares stop me from commenting on his interview honestly and openly? Or should I, as you would, have only chosen to highlight the pieces that suit my stock position?

I say again Frank, just because that would be your attitude does NOT mean that other people think in the same way; others people's actions are not solely ruled by self interest nor fixated on short term money grabbing.

You carry on "ramping" and "de-ramping" to suit your stock position frank and I will simply continue to say things as I see them irrespective of their potential impact on my short term wealth. Incidentally, unlike you I do not believe my comments make the slightest bit of difference on the sp anyway.

I hold about 11 million shares in AEX and have been an AEX shareholder for over 10 years; does that sound like someone that is a "trader"? Oh and by the way do you actually believe that it would even be possible to "trade" 11 million shares.... LOL!

You carry on voicing your small minded opinions of me if you like Frank but I suggest that unless you want to escalate this further you keep them to yourself in the future.

Fine and dandy thanks jack and you?

I was "speaking" to mouse only the other day and understand that he too is doing well.

The fact that you even need to ask that question frank is far more of a reflection on you than it is on me; the fact that you cannot understand how or why someone might say something because they genuinely believe it to be true, correct or in the public interest rather than in their own financial interests shows just how shallow you really are. It also betrays the motivation and logic behind all of your posts.

And the perversity is you are the one that keeps banging on about "Karma"! My goodness me can you not see how laughable that is from a man that will say anything necessary to "feather his own nest"....

ffs sake frank you really are an ar**hole sometimes .... "of course he is a trader so has a agenda " So just to make it clear both to you and everyone else; I am not a trader and do not have an agenda!

You need to learn not to judge everyone by your own standards Frank but then some things are just never meant to be are they. Particularly when it suits your own agenda and self interest. Thankfully everyone with the slightest intelligence can see through your nonsense.

Oh how I would like to see that - it would offset an otherwise disappointing day (on AEX...) :-(

Well one reason John is that we have obligations under the Nyuni license and if we don't meet them we will are likely to concede it and that will take money; though it is so long that anything has happened on Nyuni that I am buggered if I can remember exactly what they are right now.....

I am done for the day ladies and gents. Thankfully it is the weekend and I rather hope that I can forget about this fiasco; at least, that is, until Monday.

I wish you all a lovely weekend.

Frankly, frank I really don't give two hoots what you think - you need to recognise that not everybody plays the same banal, pointless, transparent games that you do

You self evidently do not understand what the implications of a Joint Venture would mean to shareholders and the value of our assets because if you did you wouldn't make such farcical comments

Well you are of course entitled to your view Fowler but then if you had been around for as long as you suggest you would recognise that I am at least consistent. Those that know me better would vouch (I hope) that there is nothing to be suspicious of. I am simply very much a contrarian and will typically make an alternative case to the mainstream - where it can be justified on what I know or understand. Purely for balance.

Today however there is a lot less to it - I am just bloody angry! And not for the first time. I just bloody hate seeing my investment frittered away by loose words and another imminent dilution of shareholders assets - yet again.

Yes cp you would have thought that would be the obvious thing to do but NO. Why? Maybe they need a certain price to execute that mooted JV and at 1p AEX was just "overvalued"....?

MM's are rubbing their hands with glee bigpat; a rush of panicked sellers are like lambs to the slaughter - sell at any price!

I hope you are right BG, I fear a lot worse....

If its good enough on the way up, can we have a "guess the sp" on the way down....? What will the sp be at the COP today? 0.8p? 0.7?

Anyone want to change their opinions of what the sp will be on the Queen's birthday and the year end?!?!? LOL

What a bloody merry go round.

Bye all.

Confused John; the stark reality is that without the overdue gas invoice moneywe haven't got a pot to **** in and based on the estimated drill time it is likely to be 2022 at the earliest before AEX and Ntorya JV partners start to coin anything in from the project. What do AEX and the BOD do to keep the lights on in the meantime?

They do not have any money to invest in the remediation of KN1 and even if they did no bloody guarantee that they would get paid for the gas at the end of it.

So, in short, AEX are up the creek without a paddle and need to go cap in hand to a third party yet again to sell off the family silver to stay afloat. Much as they did to ARA in the first place and then APT in the second. Will it be another Zubair entity for the third time, after all they appear to be the only game in town? But then let's face it AEX is, to all intents and purposes, a Zubair entity already.

The only saving grace for this Board is that they themselves did not create the parlous predicament that they now find themselves in.