Member Info for dai2belts

Interesting bid price

03-Dec-24 13:50:06 11.96 41 Buy* 11.28 12.00 4.90 O

03-Dec-24 13:34:18 11.96 2,500 Sell* 11.96 12.00 299.00 A ++ very tight for 1 trade

03-Dec-24 13:10:30 12.00 83 Buy* 11.28 12.00 9.96 O

Aex, has offered over the years the safest of returns, sure we have followed it from at least 2 end of year lows below 0.9p.. Always said to be fully funded by BB..

They have not raised, and if not drilling have nothing to pay to Tanz operations, although have a free carry which I thought covered them into production....?

Last they raised they cash they needed without issuing shares :)

But they include these risks

· Ability to meet licence work commitments

· Lack of exploration, appraisal and development drilling success

· Adverse and unexpected tax assessments in Tanzania

· Ability to secure other financing for Group operations

· Political and fiscal uncertainties

Canaccords appointment and the delay in signing of well bore deal, makes me nervous..

I can't decide... maybe buy half intended and have extra lined up for fund raise...

I think if they raise at 2p, then 3p should be achievable, so 2.5p may give 20% return which is still great in a few months

Mmmmm, extension of 89,566,666 warrants to 2026, exercisable at 7.5p, thats x3 todays price ?

they would raise $6.7m

I later remembered the dates, getting older and slower, or just don't remember be so slow ;)

Now it looks like funding is not an issue, and the pipe-line is due, 2025 is likely to be the year again :)

At the bottom of the RNS, after contact details, where stuff goes that people forget to read, was this very important snippet

"Furthermore, Eclipse Investments LLC and Aminex signed a funding facility for US$3.00 million in April, ensuring Aminex has sufficient working capital available after 2024 and until the commencement of revenues from Ntorya gas sales."

The balance of net cash and cash equivalents at 30 June 2024 was US$1.78 million (30 June 2023: US$5.04 million).

Need to read the risks paragraph and look at related 2024 costs

https://www.lse.co.uk/rns/AEX/2024-half-yearly-financial-report-76hftbgu67fp0fx.html

https://www.lse.co.uk/rns/AEX/funding-facility-agreed-with-eclipse-investments-c8gg9ctmx9nmpu5.html

Aex, heading to that time of year, the 52 week low.. Last year it doubled, not sure if it was speculation or something happened..

Worth checking if it reaches 1p, and the bank balance..

Not quite sure but it looks like they are going back in to conduct business ?

RamonM Posted

https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Speaker-Bagbin-recalls-Parliament-1962397

Lol

After hours, look like buys ? but the 3m got a bargain buy or sell ?

02-Dec-24 15:09:42 3.3606 1,487,429 Unknown* 3.60 3.60 49.99k O

02-Dec-24 10:10:58 3.205 3,000,000 Unknown* 3.60 3.60 96.15k

Nice to have an independent view, but there are references

Anyway best not to post too much info as you are very active on the GEX BB, and brings chances of being followed here, and I don't want add anything the trolls can use while I have a position, Its very easy to find negatives in an exploration project as everything is high risk

Tried finding the original company that drilled Hussar, but google finds nothing which is hard to believe..

I think He1 were getting poor rates or hiring companies out of their league or both. Everybody has their hand in the PI pot, . PRD are in Morocco drilling, thats Africa, £3m, ..

Gex touting December, that could have been because its ahead of the 1st lock-in period, so we should have seen £20m MC with no threat of dilution in the lead up to rig mobilisation.. But there was TW and trolls shouting permits, although permits are often granted close to drilling

Listening to what he said..

check the the casing

then pressure test

then drill out 30m plug

bring in 2nd rig...

I would image there is the 30m bore inspection with pressure test to 30m, then a repeat to 70m before drilling that plug, then inspection of the remaining well before drilling starts..

I would assume the surface casings are designed to last for eternity to protect ground water.. Deeper, not sure how the well was completed

He is not clear of the purpose of the pressure test..

But recently I read that each interval you case you pressure test, to get the max(maybe) pressure, If I recall correctly to test the casing and to gauge well pressure , and adjust mud weight...

.

I use a Mac, so suspect mine could be browser related..

If you use ad-blocking, I have had issues in the past using apps which cleared when the blocker was disable..worth a try

BLU, maybe worth checking ?

https://www.lse.co.uk/ShareChat.html?ShareTicker=ARB&share=Argo-Blockchai&thread=463B92DB-2039-4681-B2BA-EBF44DE2312F

I was under the impression drilling was touted for Dec, so did a quick search to confirm

"the asset remains on track for well re-entry in December 2024."

https://www.voxmarkets.co.uk/articles/georgina-energy-targets-december-drilling-at-hussar-advances-scoping-study-and-farm-in-negotiations-51f70f4/

Also this visit was said to include checking the well, I got the impression some form of pressure test, I assume sensory, as there was also mention of pressure testing on a later visit.... so maybe feeling for leaks, the smell of methane, gas in soil samples, who knows it wasn't clear... Nothing mentioned in the latest update though ?

I only registered this morning so wondering if it takes time for the account setup to complete..

Initially I received the email to continue setting up the account, but that appeared as the login page, but could not login. So opted to reset passwords since during set up it did not ask to confirm password, while its standard to enter the password twice to ensure no typo's.. but was definitely the account set up as it asked other details

Are you using a Mac or PC ?