Member Info for CrustyPete

I suspect he means British Gas GL and not blackgold00....... ;0)

Don't knock AAOG brianes, I have made nearly 400% in the last 48 hours.... ;0)

$5m of course - it seems to be my default setting (GBP instead of Dollars)! :0)

You make a valid point dunder but AEX's argument would be that bearing in mind that they have sold the asset for only £5m plus a $35m credit note after having spent well over $40 -$50 million developing the asset to the point of sale there should be no CGT payable.

GLA

I think we will have a fairly quiet close and tomorrow morning there may be a lot of people that haven't seen today's rise that may be tempted to cash in their chips. So, unless there is news in the morning we might get a weak opening.

I think different; the MM's have put out an awful lot of shares today on the way up between 0.27 and 0.65 many at over twice the price they were on the open. They will be trying to ensure that they don't take them all back again before the close.

Over 10% of this mornings opening Market Cap have been bought today. Not often you see that.

I think we might have seen the "high water mark" for the day. A pause for breath and then another push on tomorrow?

Gunslinger, I wasn't being serious.... ;0)

You make a good point Gunslinger. After all if it wasn't an AIM listed company they wouldn't be able to fleece the shareholders for millions as Sefton and the remainder of the Board have done ?

Well let's thank our lucky stars for that then :0)

I suspect that any of the AEX BoD that are associated with the Zubairs will get their rewards "in heaven".... ;0)

After all it is hardly in the Zubairs interests to have their own stake diluted by their own "representatives" is it?

Gunslinger. You may well be correct but it could just as easily be argued that they do not need the listing at all - they have acquired an awful lot of Tax losses which they could just as easily benefit from as a private company as a listed one.

That said I will be holding on to see if I can recoup my losses; which is something that a little while ago I had given up on.

Matherdj It wasn't the BoD that I was questioning regarding the sp and their interest in it but the Zubairs. They will have receive far more back than their initial investment irrespective of the AEX share price - moreover what is the importance of the sp if you never have any intention of selling? Furthermore as time has proven over many years the BoD have little influence or control on the sp - certainly nothing, like as much as the TPDC or Tanzanian Govt so the fortunes of the BoD are almost as much in the lap of the gods as our own. Just look at Jay B - he still has 48 million apparantly; do you think he ever expected to be sitting on those at current prices? I don't.

As I said at the time for the Zubairs the sp or, more importantly, the market cap is only of any interest if you are looking to use it as leverage for an acquisition.

Today dunder ;0)

Because it is a very long way to production; unpredictable, costly, risky, time sensitive, current Oil prices and lack of demand and then, of course the total uncertainty of anything that is even remotely reliant upon African politicians....

So will we see an announcement about discussions with an unlisted third party regarding an acquisition and then a suspension....?

I wouldn't be surprised. Here's hoping :0)

I am "not happy" with the BoD's greed and the ripping off of the sharehodlers either dunder and not for the first time. However I have put in a lot of time trying to represent the voice of shareholders over the years and largely to no avail and definitely to no thanks from anyone on this BB.

If you need my 11 million shares to support your "petition"you can have it if that makes you happy but if you want me to spend time and effort on this board railing against it you can forget it. I have wasted far too much time doing the same in the past and to absolutely no avail.

I will do my "agitating" in my own way thanks.

Actually Tanzania I said that the Zubairs had invested between £30-35 m - including their original share purchase of 29.9% and subsequent fund raises. In fact that should have said $30-35 m (Dollars not GBP) apologies. But apart from that error I would broadly stand by that figure. The original sale and fund raise was for $24.37 and there have been a number of fund raises since then plus, of course, the recent cash "advance".

But hey it is all rather water under the bridge now.

GLA

Of course the Zubairs are aware of the dilution but, as I was saying only the other day, the sp is of no interest to the Zubairs; it is totally trivial. They have invested circa £30-5 in their original 29.9% investment an subsequent fund raises and another $5m (subject to succesful completion Farm-Out). For that they will have gained control (50%) of Ntorya and "operatorship" of the project, 29.9% of Nyuni / Kiliwani and can treat all shareholders with total disdain. What a few million shares by comparison. They are just doing whatever is necessary to keep their BoD stooges "onside", protect their investment and keep their Golden Goose (an easy source of funds) in their place....

Hey what's another 4% dilution of our shares compared to the 66% "dilution" of our principle asset?! It seems to me that some people have a somewhat distorted view of what is fundamentally important here. ***** and moan about a few shares but are happy to see the loss of control of our prime assets for peanuts. Quite strange....

At yesterday's "high water mark". You thought it would go higher.... it didn't.

Well I hope not CP, not unless that is the Zubairs themselves, as another JV partner would require a protracted negotiation process with AEX (soon to be APT hopefully), TPDC and Tanz Govt.... :0(