Member Info for CrustyPete

Let's hope they are off sick, the company shares may have a rebound....

Nor do I Tanzania and, for what it is worth, I now have more AEX than at any point in the past.

Just one sell? Really? I suggest you have another look. Do you seriously believe that the consecutive trades at 0.8425 and 0.8051 were both BUYS? I think not. In my view there were only 5 BUYS today and 7 SELLS.... everything above 0.83 was a BUY and everything below 0.81 a SELL

I think that until and unless AEX manage to extract the outstanding payments from TPDC / Tanz Govt they do not have a pot to **** in - the APT monies will be hypothecated to spending on Ntorya metinks and they would not compromise the work on Ntroya to buy out Solo even if they had enough money; which they don't.

Moreover if they do eventually get the $6.3 (?) m that they are owed AEX would then have to pay 25% to Solo and maybe some to Bounty (?). (I seem to remember that only something like $2.7m would be pocketed by AEX).

This looks very much like a death spiral unless there is a material resolution very, very quickly....

And an engineered death spiral at that. Heads should roll but unfortunarely, on past experience the only people losing anything here will be the shareholders.

:-(

I don't think it was just those two trades totaling just under 1.5 million - I personally think that all the trades since 8.42 have been sells.

Interesting indeed dunder; a cynic with a long memory might infer that it suggests a "pump" ahead of a fund raise.... ;0)

How much of APT's "advance" still remains in the bank account? How much longer before the license extension? Maybe AEX running out of patience or, more poignantly, cash flow.....?

Indeed dunder, indeed. And yet I was the evil purveyor of lies and misinformation... how how different things look when viewed through the rear view mirror eh?

"the approval of the Kiliwani-North-1 remediation programme"... at last a formal admission!

Oh and there was me thinking that we had all the "approvals" that were necessary to complete the KN1 remediation programme.

Bring back the FAQ's !!

For what it is worth CP, I reported at the time of the EGM that according to JB the License extension and the 25 Development License were totally unconnected; AEX were having separate conversations with different bodies on each. One not much use without the other perhaps but that was what he stated to the audience.

irish couldn't you please make it a "rotten" egg not an Easter egg...

32 BUY trades? I suggest you take a closer look. Today's trading range looks to me to be .8566 to SELL and 0.899 to BUY. The quoted spread and the actual spread are two totally different things Fantom. A Fantom spread indeed...

And what exactly would we (or the lawyer) be "winning"...... we might prove some sort of malpractice but would we get any appreciable recompense out of it? I seriously doubt it.

A series of "back to back" trades methinks not Buys or Sells but a series of sale and repurchase transactions with a marginal benefit to the MM to cover the "cost"....

Good evening Irish. Close your eyes and change a few names (though similar initials) and you could be back in Tanzania..... at least in Tanzania there was a CPR and some of the names have a significant interest but just about everything else feels like exactly the same plot. A tremendous opportunity in the hands of a cash-strapped, insignificant UK listed company operating in a country where they have zero influence whilst surrounded by far bigger, more powerful players and managed in to the ground by a naive, over confident Board alongside disingenuous shareholder communication. Net result, disappointing drill results, endless delays, wasted money, Govt bodies withholding money, delayed in license extension a total loss of shareholder value and the eventual sale of the "crown jewels" to an interested party (eventually ATOG I would suggest) at a "fire sale" price......

Conspiracy or total incompetence? Actually the result should be the same.... Directors of companies overseeing such shambolic events as we have experienced in the last few years should be black listed against operating as a director for another UK company in perpetuity. The LSE for small micro cap Oil and Gas companies is nothing more than the Wild West and it is absolutely shameful - the Governance of such companies is virtually non existent and is a total disgrace - farcical at best and complicit at worst.

And "in theory" Zebbo I could win the lottery this weekend but I will not be spending the money quite yet... ;-)

Really? Oh well, whether right or wrong, as I said before opp03ite it is not RoJo's opinions or views that I was referring to, whoever they may be of for whatever reason they post.

Oh apologies RoJo and why so, may I ask? No doubt for the benefit of your fellow man....? Or because you are a sad and lonely old man with nothing better to do?

It wasn't people on the bulletin board that I was referring to RoJo, each of them has their own interests to promote and prejudices to peddle - and that includes you as much as it does anyone else

I do not believe there is any merit in knee jerk reactions and getting rid of Berwick could (would in my view) be counter productive. If we are to extract ourselves from this mire we need someone at the helm that actually knows and understands all the known "players". Moreover I think that the position we now find ourselves in was created long ago before Berwick was in sole charge and he has been fighting a rearguard action for the last 6 months. That does not excuse the perfunctory communication from the board over that period nor the sleight of hand with some of the information provided but with funding an issue to hang out your dirty washing in public (and in front of SNPC) would have created an untenable position and a stampede to the door by both PI's (and hence sp / market cap falls) and any potential sources of funding.

With hindsight this all looks so predictable and follows a very similar path to one I have trodden before (with AEX). Which only goes to prove how easy it is to be taken in - when you want to believe all that you are being told.