Member Info for edgar222

Is there anything better than a quiet, under the radar, re-rate?

Haggis

You were making the same arguments in October about the November spud.

Truth is, none of us know.

So my trade has never showed up on the declared list of trades.

It was a significantly bigger number than any of the declared trades yesterday.

Does this matter? Should I care? (I suspect not!)

Rude not to. (Again).

Early drilling is the bonus and surprise. Is that available because it is shallow? I thought winter stopped it!

Great update.

People talk a lot of crap about board incompetence.

This is difficult and technical stuff. Involving trial and error.

This will come good. But its taking longer and is more difficult than I anticipated. ****ed off with where the share is but please lets give the "sack the board" BS a rest.

One of them was my top up....rude not to.....

Again!

In the build up to the latest predicted date for drilling (Marchh 2023).

Lots can go wrong. The regulator delays the approval of the Scir deal. Which means (to me) an obvious delay in drilling while everyone waits to know what the licence division and costs are.

Rainy season.

No rig available. Serious issue in Tanzania but I have always hoped the Major won't struggle the same way as the Minors. Perhaps an excuse because they don't want to criticise the regulator for the real reason for the delay?

If there are further delays then the licence issue will come into play again, I believe (not checked) it expires in November 2023? And we all know what that meant for delays last time.

So all sorts of reasons to be nervous and edgy.

But. None of the above alter the fundamentals. All of the above are just about timing. At least they are if you believe (like I do) that there is an enormous world class asset with a Major piling in hundreds of millions of dollars to its development. The alternative is that the whole thing is a big scam. Which I think you just have to say in order to realise what piffle that is.

So I am doubtful about March. Like I was doubtful about November 2022. But am still buying. The issue for me in buying is how doubtful I am about timing of the drill and do I try and time more purchases for a dip but with the risk of missing out. Bought 3 large amounts at 0.4p. Which would make me sound like a trading genius except that I started buying these at 24p. Go figure.

Good luck all.

....I honestly believe that.

But I was saying the same thing about 2022.

So put what weight you think appropriate on my bullishness and GLA.

Interesting, Chisler.

Announced on 30th September RNS (I believe, certainly mentioned in there).

Any idea on likely timescales? Anyone?

Ufo

I agree. All comparisons have the same answer. Orca, Wentworth. The blue sky potential that is Aminex means the other two do not come near. Ruvuma gross unrisked mean GiiP is over 8tcf or 2tcf net to Aminex (see p11 last presentation on company website).

Now obviously that is not reserves. However, it is about to start moving towards reserves as drilling and seismic prove it up. All on a free carry.

Whats not to like?

Kread

Because (the theory goes) the major spending millions is entitled to know exactly what licence size they hold. What if they strike it rich and there is a dispute because the Scir deal has not closed? How can they budget for their share of expenses without it being closed.

And despite what you might read it is not closed. It is a contract dependant on govt approval as a pre-condition.

All that said i am not worried. This is all so obviously actually happening that these details will be ironed out.

So is it everyone's expectation that (all being well) now the stimulation vessel has left Southwark the first Southwark well is flowing into the pipeline and being tested for flow rate, while also producing?

If there was a problem with the stimulation they would know about that. But they cant know stabilised flow rate yet?

And so, for once, no news is good news?

Confirmed fracture as a cause of the saline issue. Ie. Not a more widespread geological and reservoir problem. Important.

There is no binding contract yet. Because it is subject to approval by the authorities.

That said, I agree with the sentiments and believe its a done deal. All parties want it to happen. The Govt want things to move quicker. All good.

Impressive, IMHO.

Knows his brief.

Off topic but Jodo starterd it!

Am in GWMO. Worth a look for a punt. Tiny mcap. Real prospects being proved up. Gold and silver production about to start.

Ends. Back to AEX.

Hope so.

From the half year report:

"Assay results for the three holes are pending as the Company has decided to expand the assay testing to include screen fire assay techniques which will test for co**** nuggety gold potentially identified within the system."

So a delay cos they expanded the testing in these assays.

But still....

Nothing vey concrete or tangible to say. Just signs that the story is getting out there and building up.

A 20% lift on a tweet yesterday. I am getting new twitter followers (cos of Aminex). Interest is building. We all know why.

What does look more tangible is that the Govt are now saying get on with it. The cheek!

Scir deal to be closed, seismic results, drill location, rig confirmation, spud date. All coming. I am expecting the numbers to get bigger on seismic news and although that has never done anything to the share price, it might this time with drilling and then production in the near term.

All very exciting. Am still buying.

Thanks Wolster. Makes sense.