Member Info for grsshaw

Maybe they will sell part % and keep a smaller stake - say sell the 20% parts for cash sum with a 5% left and this being fully carried?

Total shares traded so far are just over 3m - so the share price is still very sensitive at the moment - will need more daily volume going forward to settle this down! I have put in a cheeky limit order at 0.93 (0.94 to buy at time of writing) to see if they want my purchase, it will be telling if this is not taken!

I really cannot see any reason that they will not receive the permit due to many things e.g. local trade/jobs linked to many pellet plants in the area which are expanding currently due to demand , forestry jobs, renewable energy etc.. also AEG will and are creating local jobs via the lumber industry both on and off site and hope to add more for the pellet plant very soon. AEG is part of the new green biomass world and there maybe a future selling point that using their technology they can actually offer carbon negative - especially if the pellet plants are local to the customer!

After studying all this for some time it appears to me that Lumberton will be more about Biomass Development Hub so once the pellet plant is up and running and they have expanded to the max (probably to supply pellets locally) they will then use the site for all future customer and licensees as a reference plant/new Biomass technology centre. I feel they will then expand quickly and go down the licensing model worldwide and AEG will concentrate on the US market and leave the rest to be picked up by new licence partners - this is surely the fastest and most inexpensive route to take for small company who has a product with worldwide appeal!

Please do you own research

I can sell at 0.82 and buy at 0.85 so share price, although has moved up, is still not correct on the bid.

I can also sell a large amount of shares in one sell, so somebody wants a few shares.

If we see some good buys and this should move up quite quickly!

Many investors will not buy in until the news is confirmed - most would prefer to lose a few percent rise rather than take the risk on the outcome

This is why I am predicting a nice rise on the hopefully positive news!

Be interesting to see if a few large buys appear if this will start a run up on the price and the opposite if sells!

very quiet but will the old fear and greed to come into play soon?

Good Luck in what you decide

Evening,

Irrespective of any near term future news flow, my next major target is to see if the higher CLN's get taken out at the strike price of 3.295p - granted, big move north needed for this to happen, but not impossible!
If they do then the future share price will depend on how they finance any future development/investment going forward. I am hopeful they will finance through Project Finance rather than any more dilutive placements or CLN's. Have a feeling it will be mixture of both though and the next time it will be at a discount strike price rather than a premium.

The recent CLN's are the most dilutive at 1p and I am thinking most of these will be taken up quickly if the share price continues to move up over the next few weeks. It appears to me that the CLN investors really believe in the future opportunities for AEG (not many investors would offer to take CLN's in the first place when the share price is under the strike price at the time of issue, most want a healthy discount!) If they are converted this will be a very good sign and will help the share price increase further as debt on the books will be reduced. If the new converted shareholders keep their holdings and do not sell into the market then even better!

The UP trend is very good at the moment and is holding at 1p ish - let's see if this continues into next week when we will hopefully hear the permit news and maybe an update from RDME re the state of play in Canada

Personally I value just the Coalswitch technology at a minimum of £50m considering the size of the growing pellet market along with the USP's that the tech offers when compared to standard white pellet and it is fully exposed to the green renewables play - (sell Oil buy renewables). At £50m the MC before any of the dilution from the outstanding CLN's this equates to 4 pps - Readjusted for CLN FULL conversion then the SP would be 2.4p (£50m MC with no debt on the books) This does not include any value for lumber, new license or litter/peat switch etc..

There may be a few twists and turn still with AEG, but if they start hitting deadlines/timelines then I feel the confidence will return and this will move up very quickly indeed.

All IMHO so please, please do your own research and Good Luck All

https://www.energymixreport.com/solo-oil-continues-work-with-aminex-on-ntorya-gas-field-in-tanzania/

https://www.energymixreport.com/solo-oil-continues-work-with-aminex-on-ntorya-gas-field-in-tanzania/

https://www.current-news.co.uk/news/government-urged-to-make-5-billion-local-energy-pledge

Come on Mr Rowan - get you hand in the pot for some of this cash!

Always good to hear investors making a profit gmharg - well done to you for holding and averaging down - I guess it proves it can work if you stick with it and average down - never a guarantee though.

I have previously made good money with AEG and sold between 3 and 4p in Feb/Mar 2018 - when it went berserk but things didn't feel right so I sold my entire stake

I sat out for a while and then invested small cash Oct 18 which was a big mistake - then averaged down with the Newfoundland news which was a big mistake - then left it for a while as things felt a little wobbly. I have recently averaged down in May which has so far worked out okay

I am now back in profit too but at the moment this looks like its all finally coming together so I will stick it out and review when it hopefully hits 1.5p - just need to hold this 1p. Investors may come in and see this as a confirmed recovery play now with the recent increases

May be wrong (have been in the past with timing) but I am confident that this is finally coming together. There seems to be strong financial support in the background to make this work

Lets wait and see - good luck with your 2m share holding

Hitting the 1p took out a few sells - be interesting to see if this now holds - if so, should be a good future support

Looks like it was a bit of a shake then, rather than a leak!

I agree, once the permit is in place hopefully they will then, pretty quickly, hear on progress from RMDE pellet plant/s in Canada

2nd shift to commence in approx 2 weeks bringing with it additional turnover and site efficiencies for the whole Lumberton plant then C/S plant adds to turnover and more overall cost efficiencies towards the end of this year, plus there looks to be plenty of spare capacity in the plant to grow into or even rent out or JV with other green companies

While they are working hard on Lumberton opportunities we still have in the background :-
New Lumber contracts
RMDE updates
Peatswitch development
Litterswitch devopement
Potentially more C/S licenses - maybe Canada/Asia
Newfoundland - either progress shortly or this will be lost I guess
Poland Superfuel - not sure whats happening with this as seemed to be parked for now but still have the approval certificates
Recent Experienced Director recruitment - wonder what they are working on?
Still very strong support from CLN holders both current and new by the looks of things!

My first target to reach is now 1.6p - with a few large gaps to fill on the way up to 1.6p then onto 2p - so I am predicting this could move quickly to 1.5 to 1.6p on news due to the trade gaps in place when this dropped like a stone

Then see what happens with the CLN's as AEG need some of these converting to take some of the debt away (if conversion takes place this should then boost up to 2p plus IMHO) The good thing is that you can buy at the moment cheaper than the conversation rate at 1p -but only just though!

Renewable shares seem to be pretty investable right now!

My opinion only - please do your own research - Good Luck All

Interesting that this didn't really sell off this am (mainly buys from 8.15am) - certainly not like with the recent CEO interview re the drilling Q1 - seems at the moment 'investors' are waiting to see or even buying a few more.

Some traders waiting for a lower entry maybe - lets see where this ends the day - Flat I would say!

Cash on the sidelines for me - like I said before, I have enough already.

Good Luck All

Not seen any time frame - but I think its safe to say sometime in July

I am hopeful for a quick turnaround decision due to the delays to the multiple rescheduled public meetings plus the much needed jobs that will be created

SP seems to have some support today

The date has been extended many times over the last two years but in the last few weeks the licence has been granted and monies paid by AEX and ARA at the gov requests - the BOD have are all being paid in shares plus shares awards linked to future share price performance

We are so close I can smell it!

Does not make sense for this to fail at this last mile in the marathon!

How would this look to all future investors if this has any more delays - it must already be putting off many companies and investors from looking at Tanzania

In country for over a decade (not sure how long exactly as I don't go that far back!)
Spending/investing millions to drill and find the gas in the first place - taking all the risk
Investment programme submitted to spend on new drilling programme when signed off - over $140m programme - to find even more gas
Over 2 years wait for the licence
Over 2 years wait the farm-out
Withholding payment for gas already supplied and delaying rework programme
Demanding capital gains payment prior to signature of the farm out when no monies or capital gains actually received and putting a small and extremely patient company into debt

Probably a few things that can be added but this is not a good way to treat your foreign investors and I hope things will start to move far more quickly when ARA take over - I am sticking with this as I am confident this will get signed off

Good Luck All

I will wait and see what the next few weeks brings and then review - this looks close which I guess is why this wasn't announced ay 7am as they still had today to try and obtain the signature

ARA still supporting

I guess if an issue or further delays then the Zubairs just take over AEX!

Maybe because this is such a big deal that they are having an official signing meeting at some point today so they can publicise the event

There was one yesterday that cperkin highlighted from twitter - see below

https://twitter.com/TanzaniaUpdates/status/1277847291513180162

Like pulling teeth this isn't it!!!

Approx £12.5k of shares traded and the market cap drops by approx £1.5m - it will only take a few buys to get this back to flat

Not too concerned personally as I think AEG have now turned the corner - just need a few buys and that permit signed off

Plus there is the 2 other points in favour of this tomorrow

AEX haven't extended the date by RNS beforehand plus I was going to buy quite a few more shares today based on my assumptions - I thought about for most of the day but thought I had enough, so I didn't!!!