Member Info for CrustyPete

You mean the spread has widened mather? The trading range hasn't moved.....

Pats on the back? Yep, cow pats! ;0)

What is even more worrying is if that was actually the best that they could come up with...... "AEX continue to actively work on Kiliwani...."

Is that really all they have to say? It hardly inspires confidence does it? Dear oh dear..... I think I will retract my "Buy" :-(

Actually Drewky you have it absolutely correct - this is just taking the mickey. It just shows how the BoD, or maybe Camarco, view the shareholders - as ignorant muppets who will take any derisory, contemptuous cast offs as ambrosia...

If they seriously believe that pathetic, half arsed attempt at an update is even worth publishing then they are more bloody stupid that even the most critical of us would suggest.

That is just treating the shareholders with total disdain

Okay then Drewky let's just agree that your analysis might eventually come good and has ionly been flawed for the last 9 months. A period when you have consistently been a Strong Buy whilst the share price has more than halved. In that time I have been Hold - also flawed as I should have been a Sell. But at least I haven't been ploughing more money in as the price has been falling.

In any event I think you have proven the point though which if you go back to the beginning of this thread, contrary to your suggestion that our positions have never been very far apart, they have always been a considerably different.

I got lucky that the government have delayed things?! That isnt luck Drewky. That is learning the lesdons of history Something I have been suggesting that you need to learn for the last 9 months.

But yet again you refuse to accept only those facts tgat suit your own pre conceived opinions.

As a man so fixated on facts you need to look at the sp performance for the last 9 months Drewky. Or you will be telling us all next that you have been right all that time Lol!!

Oh and by the way I am not a trader either Drewky, which is why I have had the common sense and tge patiencexto back my interpretation and sit it out for 9 months. Unlike you.

Acceptable? No Drewky, yet agin you are missing the point. It is not the point. Acceptable to who? They are each acceptible and totally justifiable ( and even without the "hidden motives" that you choose to invent to denigrate them when they don't happen to conform to your own). The point is that your position has been proven to be totally flawed... acceptible or not.

Maybe they lost a load of money at Cheltenham?!

""Unlike you who has been using the BoD's own rhetoric and stated expectations as justification for coaxing people to buy AEX, I have not."

Smear? please tell me how that is a smear? It seems just a fairly obvious observation with your lists and then a the FAQ repetition... Not only confirmation bias but selective memory too it seems.

And yes I am not surprised that you would misinterpret my words to justify your own version of reality - you have been doing the same with the BoD's words for the last 9 months and your interpretation of those have proven just as flawed. ;0)

But okay no matter - good night and good luck all (including Drewky)

But hey Drewky why let objectivity get in the way of yet more confirmation bias eh? Before long your libellous assertion that " it shows that what you do and what you say are two different things will rank alongside your assertion that my post were simply designed to "manipulate a lower entry price" as "fact"

Fact Drewky? Well maybe - but only in your head. ;0)

As one who puts so much store of "facts" you really ought to get them straight before you start smearing me yet again Drewky.

I suggest you read that post again - I stated that I would not "not put another penny in" IF the BoD did not do what I suggested they should and believed they would do and extend the long stop before the 31st of March.

"If we get a "Long Stop" extension (my expectation) I think it might go lower but not much. The only real catastrophe would be going beyond the 31st without the "long stop" protection. And I trust the BoD not to let that happen.

I just hope I do not have to eat my words otherwise it will have been a 10 year waste of time, as I will not put another penny in here."

You said yesterday ".....we have never been too far apart in our overall thinking and it seems right now we are in the same place"

We have never in too far apart in our overall thinking? This overlooks one important and significant difference Drewky. Unlike you who has been using the BoD's own rhetoric and stated expectations as justification for coaxing people to buy AEX, I have not. Since last July and until very recently I have been totally disbelieving of their timescales and the BoD's ability to deliver against them (whatever they may have said in their RNS's, FAQ's and other releases) and advocating that people keep their powder dry.

I think that separates us quite distinctly.

"Quite agree with your tactics by the way."

Really CP, what tactic is that then? Trying to engineer myself a lower entry price you mean....?

I think time has proven that was a load of bollocks eh? It seems that I might have been right to express caution all along? The Company and the Tanzanian Govt are doing a better job than I or any BB poster could ever hope to achieve....

Just to say that a couple of those "8 BUYS IN A ROW" are mine.

With the exception of those I bought at 0.65p and 0.90p in summer of 2016 these are the cheapest AEX that I have bought.

Will I beat my record of 0.65p? If we do not get that License or "long stop" extension then yes I probably will. Hense I am still keeping some monies back :0)

Drewky you say "....I don't have the confidence that the controlling government will play the time frame ball just because we want it too."

And that is exactly the position that I have held since the EGM Drewky hence why I have been a HOLD until very recently; that has only changed now because at below 1.30p or thereabouts it is now at the lowest the sp has been since the Zubair's bought in during 2016 - and even then at only 1.30p. If we get the License extension before 31st March this should be the low point. If we get a "Long Stop" extension (my expectation) I think it might go lower but not much. The only real catastrophe would be going beyond the 31st without the "long stop" protection. And I trust the BoD not to let that happen.

I just hope I do not have to eat my words otherwise it will have been a 10 year waste of time, as I will not put another penny in here.

"Some of course being me,"... Was it Drewky? If you say so. Actually I really don't know or care, as you say "we can only go on what we are told." And I did, I went on what I was told at the EGM, which, in hindsight seems to have been far more reliable than the FAQ's, "approvals" notwithstanding. That said, even with those "approvals" it doesn't seem to have made much difference to our progress does it?

Sarcasm is cheap? It's a pity that the confidence and complacency invested in those fatuous FAQ's wasn't similarly cheap - many people are losing money as a result of those patronising and dismissive one liners.

Are you really a "no opinion" now Drewky or are you still confident enough for a Strong Buy? I mentioned that I remain a BUY but with a serious caveat.... And thankful that I haven't sunk all of my war chest.

Yes CP but of course some would still have us believe that Liquid extraction and Perforation was "progressing"....... Progress?

Well I for one am not surprised, as there was absolutely no suggestion of it at the EGM.

"Oh but they are experiencing difficulty with the liquid extraction" - yeah and pull the other one. However, now that they have some money maybe they will start to get on with it?

It reached 3.5p until the market worked out that shareholders had just been shafted and then quickly returned to below 2.5p... so IF we were to have the License Extension AND the Farm-Out completion in tandem I do not think we would see those prices again on the day - there would be far too many people taking the opportunity to get out with their arse intact. However just because we got the License Extension does not necessarily mean that the Farm - Out would be completed concurrently. There are still one or two more contingencies, which whilst probably already in the bag may not be a "formality" (Govt Approval?).

So I could envisage a rise to 2.5p but I am not sure that it would last long.

The real catalysts here in my mind are, and always have been, KN1 remediation and CI spud. And the 32st of March has no bearing on either of these, except in so far as if we miss it we will be waiting a lot longer for the C1 spud....

That would 100% on what that news might be CP and the variations and combinations are endless..... just pushing out the "long stop" date? (my prediction) Not much at all but a continuance of the slow sp erosion until we eventually get the License Extension....

"Relatively small £1.5k buy as well " yes Chesh but still more than 3 times the market size..... looks like a "shake" that didn't work

This is not a political discussion board BG but actually a Second Referendum is NOT a Rabbit that the EU Commission can pull from anywhere BG - that is purely down to our own dysfunctional parliament.

Unfortunate but no great surprise that we see the sp sliding yet again - two trades one of decent size and the MM's tick it back. The problem with these delays is that those that were buying in on the EGM vote, License Extension, Farm-Out completion and any other short term spikes are now looking at other prospects for their short term "fix" - EOG, AAOG, RDB and many more are looking more attractive and more "imminent" a prospect and the money is voting with it's feet.....

This is likely to continue all the time AEX remains "silent" and with the risk that the 31st will come and go without resolution remains a distinct prospect.

I hope the AEX BoD have a Plan B in their back pocket otherwise my worst fears might soon be realised and we will just drop off that "cliff edge".