Member Info for grsshaw

Thank you CrustyPete, my suggestion was that they maybe use it to buy a % of SOLO's stake, so the free carry is still locked into Ntorya.

Be interesting to see how this plays out but feel there are a few things being agreed on which is why this is taking a little time to announce. Also good news re the Helium RNS today for SOLO as it seems the gov are now finally signing things off to move opportunities to the next stages!

Looks like the traders & sellers booking profits of the back of the morning 'no news' and some will buy back in once its dropped enough to justify the trade cost and tax and push it back up (used to do this myself a little while ago but I feel its not worth the risk or stress of it all as news will drop anytime now!) - this selling/buying has been happening mosts days now!

Anyhow, I have been waiting 2 1/2 years for this and I remarkablly still have some patience left! I have a first tranche target sell price and that is all that matters to me TBH

On a separate note I am just thinking how flexible ARA will be with the free carry and whether its an option for AEX to use some of that free cash for alternative spend- maybe connected with taking a % of SOLO's stake using the some of the free cash to purchase and to carry that also!

I guess it all depends on who pays for the pipeline that decides what amount of free carry is left over!

Im out of this share for the time being

I am struggling with the delays here and more importantly the raising of more cash at 0.6p which was way too cheap and extremely dilutive plus when you look at the large debt/CLN's notes my confidence has been knocked some what by the recent news flow

I am still very much a believer in the Coal-switch tech, but I can't work out why Richard Spinks sold out of AEG when he 100% backs the product!

I did wonder if RMDE would look at taking AEG over and it may still happen but for now I will watch from the sidelines for some positive news flow before dipping my toe back in

Good Luck to all still in - I really mean that

Very true gaslady

I also like the fact AEX have very limited G & A costs when the operator element is taken over by ARA - no debt along with excellent proven assets and potentially massive upside to come with the next drill - all fully carried - and I'm guessing they will have approx £1.25m in bank as well!

Risk off investment for me now -well you know what I mean, as no investment is totally risk free!
So far, I have not sold one share (in fact purchased more) as I see plenty more upside from here

In my opinion It's still an absolute steal at the current MC which is why I've put my money where my mouth is!

Let's see what happens next week

Not sure, but now that ARA are involved I'm hopeful they will provide a detailed plan of all near future spend events to include timings etc..

Would be nice to see a follow up interview with RA next week to update shareholders!

Worth having another listen - 9 mins in re seismic foolsandcows
https://m.youtube.com/watch?v=3l87WUOtBqI

Re the nice marriage comment at the end - now that the farm out has received the gov agreements I do wonder if we have popped the question to Wentworth yet! Pure speculation on my part but it would make total sense to me following RA comments

Thank you Crusty, makes 100% sense to me

I feel SOLO will farm out a % of their stake so still exposure to the asset as well as the drilling results. They may then sell the rest if the results are good

Currently in a good position all the same!

In addition to news from AEX I am also expecting news on the PSA from the gov. This then should free up outstanding approvals and hopefully mean they will finally settle the outstanding bill for Kiliwani. Assuming AEX and other parties may agree on a lesser amount than owed in order to receive the approvals to get the well back flowing.
I am also hopeful that the monies received will then pay for the work required without any need to raise any cash

It appears to be that AEX don't want to dilute too much which is why they took the loan option rather than raising cash in the market. Although I guess they were working on the fact they would have $2.2m more on the bank now though!

Just before 11.30 - not showing yet. Feel this is very undervalued at these prices

Be interesting to see between AEX and SOLO who does performs better following any news
Good Luck All

I think Majedie are fully out now blackgold- Smaller sells pulled it down earlier this am, which is why I bought a few more

Feel the selling was due to no RNS this am with some locking in a little profit.

For AEX to maintain this price over the last few trading is very encouraging to me, especially as there has been a seller actively off loading!

I shouldn't really, but have added a few more just before 9am for my children's ISA

When they come through later these two are mine 1,035,647 and 1,412,372 - What can I say I like one more than the other!!

Good Luck All

https://www.youtube.com/watch?v=3l87WUOtBqI

Well done to all the believers!

Following a few recent news articles It does look like the PSA review saga will be over and completed very soon (fingers crossed) and I just have a feeling that when the new PSA's are wrapped up then AEX will receive the required farm out signature on top of the other sign off items AEX are waiting on

Had a quick look in my AEX file and found the below article in the link re legal situation Q & A with current PSA's and investments in Tanzania. I am not sure how old this article is though, but some interesting points all the same on legal position when dealing with Tanzania. I fully understand this is Africa but still provides a little reassurance especially as there seem to be many posters mentioning gov corruption and them taking back AEX assets.

https://www.thelawyer-network.com/documents/whitepapers/pdf/E_y4_w3J54.pdf

Maybe Mr Ambrose should have a quick chat and engage with AB Attorneys - they may be able to assist with the Farm Out and the Kiliwani issue using their experience in the O & G sector!

https://fbattorneys.co.tz/oil-and-gas-law/

Good Luck all for next week - I'm expecting a few twists and turns, so hold on tight, but feel it will all end well for the believers.

Scotlouie,
H1 2021 was the date mentioned due to some delays with Covid but MR did say early 2021 when talking

I am hoping for production early March 2021 with sampling and sales end March/early April

Hope this helps

Not posted for a while as was taking a break from the day to day market stuff - hope all are well and not struggling too much with this situation!

For what its worth, I feel the farm out WILL be completed before the end of this month. This situation highlights they are not quick to sign off as we all know, but didn't RA mention they don't want to rush this and are going through the paperwork in great detail? it might have something also to do with the size of the project and if the energy minister needs his gaffer Dr John Magufuli to sign off first looking out for and highlighting the WIN WIN deal to his people!

ARA have (not AEX) confirmed they will not extend again and I feel this is just the last push that is needed to close the deal with some weight and leverage. It's just part of negotiating process and to try and keep to the drilling timelines which according the RA interview a lot of work has taken place in preparation for this. It has taken so long which is very frustrating for all and I feel this is mainly because they didn't need any gas due to an unusual heavy rain season (both Wen and Orca mentioned this in their last reports to reason for the slight volume reductions YOY)

I can see no reason the FO will not go ahead and I have not sold one share to reduce my exposure because of the RNS as I felt it didn't warrant any action. In fact I am happy they have played this card so all parties can finally move on after all the delays. I am sure there was many investors saying they need to do something as this keep being pushed along. Probably should have done this much sooner like one month after the tax payments! In fact they shouldn't have paid any monies before the signature anyway but doesn't this highlight the trust involved here?

The one thing I know if this is only my opinion but I do have a considerable stake in AEX so backed up with some skin in this what seems like a poker game right now!

AEX has been very supported, extremely patience with the delays, agreed and paid monies on a tax they didn't really agree with, and even borrowed money in order to pay the tax and support the delays, and more importantly ARA have fully supported also and set up a local office (even when the energy market crashed). With $140m development cash on the table with no risk why would the gov want this to fail at this very late stage - just doesn't make any sense to me

My guess is this will be at least 1.65p by the end of this month. If I am right, and of course I might be wrong, I would love to see what happens to the share price and if all investors who sold start panic buying in again. Plus we have risk off investors waiting on the sidelines who may want in

IMHO - please do you own research

GOOD LUCK ALL

https://rmde.ca/update-alberta-coalswitch-plant/

Assuming the recent dilutions have reduced his % to under 3% but hopefully he has not sold any

I am reviewing my position in AEG but certainly not buying anymore until they start to produce coalswitch - another delay with starting production which is extremely frustrating but understandable on this occasion - will review at each RNS but I guess will need the CLNs to start converting to reduce the debt exposure, which means the share price needs to be over 1p!!!

Good luck all

Next bit of news I am looking for is the extra shift confirmation and respective % volume increases - also lumber prices are going through the roof at the moment, so assuming they are increasing margins nicely - extra margin, extra volume
https://uk.investing.com/commodities/lumber
Plus update on the pellet plant and all on track to be operational end of the year
Plus update from RMDE and the 2 x CoalSwitch licenses

Be nice to get an update on the extra shift as well - this should have started mid July.

Not sure on the pricing received for the lumber activities but the price of Lumber keeps on increasing - AEG did state they expected prices to increase so assuming this means higher revenue/profit for AEG, right at the time when they took over 100% of the lumber activities as well as the new extra shift - double win maybe!

https://uk.investing.com/commodities/lumber