Member Info for grsshaw

Evening
My money its on plenty of investors waiting on the side lines awaiting the final sign off which provides a massive de-risk. Hopefully this money will stay in until the drill results, other news... Always going to be traders who will trade this - as I will using a small % of my holding.

Once approved AEX are then basically a passenger on Ruvuma fully carried and will then pass the baton which many new investors will find appealing

MC is approx £37.5m at 1p - now with very low G & A costs plus with a free carry at $35m and and some cost cash back at approx $2m equates to a total of £30m ($1.25 rate) so basically now priced at £7.5m for:-
Ruvuma gas in place plus new drill Q4 or Q1
Kiliwani North-1,
Kiliwani Gas Receivables - $6.7m plus interest and
Nyuni Area PSA: Second Extension Period and Work Programme
Maybe income generating partnership

Also positive news re the new Crude pipe line so is sentimet finally changing for O & G companies in Tanzania?

Should re-rate on the news IMO and I still think there is a possibility that AEX could be a take over target at some point in the very near future

Good Luck All

Missed this brief interview on 1st June - its on AEG website

I must admit Mr Rowan does sound very enthusiastic!

https://www.brrmedia.co.uk/broadcasts-embed/5e611a7a9672d83b987776d1/event/?livelink=true&popup=true

https://twitter.com/RenewableLS/status/1268738006653054976

It appears to me that this is now a clean start for AEG and they seem to have crossed the line in the sand re a workable commercial strategy. There is very strong support and flexibility with the CLN bondholders and it looks like they all want this to work when you look at the flexibility offered with financing at the nominal price at 1p - just wondering what the share price will need to hit for them to start converting. There will be dilution but I feel this will add value to company overall due to reduction in debt with the assets they now have in place.

The thing I like most is that AEG has raised funds and they have purchase assets with the proceeds and raised the cash based at 1p (in some cases the share price was approx 50% under this at the time!) Even the recent acquisition the end of March was based at 1p!

Looking for a least 1.2p in the next 4 weeks and if this does happen I will be closely watching the CLN take up!

Just keep you eyes on RMDE (2 Coalswitch licenses) as I have a feeling they may acquire Timberlands 76% share from AEG so they can get their hands on Newfoundland as they are based in Canada and this will leave AEG to concentrate on the US/Europe market - Feel also the Asia market with be licensed which is why they are firming up the IP protection. This then leaves US and Europe to be supplied from Lumberton and they can then ramp up production using a mixture of debt, placings (subject to CLN and share price) and profits from lumber activities

"Once issued, huge progress at #AEG towards revenue generating plant operation. Each step reduces risk increases acceptance/validation. Environmental Report for permit shows negligible emissions far less than Coal product will replace. One large plant changes company completely!"

https://twitter.com/RGSPINKS/status/1265536162309046275

Lets hope there are no further delays to the online meeting event and that the decision is pushed through quickly due to the many delays - Wonder how RMDE are getting on with them licenses!

Thanks to the Lumberton's crew for working through the weekend and assembling the debarker. Export to China officially opens up for AEG. pic.twitter.com/XfoOOL4Dbo

https://m.youtube.com/watch?v=ybEA9MKbFSA&feature=youtu.be

http://tanzaniapetroleum.com/2020/05/20/is-aminex-about-to-deliver-a-game-changing-farm-out-in-tanzania/

Highlandmatt,

Understand your point but why would you spend any money to supply additional gas that you are not or may not get paid for!
No pay - no gas!

I see Wentworth announced recently that all their invoices are being paid in full and on time - so again maybe things are starting to change for the better!

Thank you Crusty,
I would agree that no further monies would and should not be spent until the monies owed was settled with a fair agreement.
I feel this is why AEX held strong over the GGT because of the frustration on the monies already owed and the Gov have pushed for even more payment (which they did not really agree with again) without any movement on the initial outstanding amount owed - this is why I am hopeful that Kili will be sorted very soon and progress can be made - understand these are different Gov departments but I am still hopeful

I originally thought that the Kili no gas situation was an excuse so they didn't supply any more gas when they weren't getting paid - effecting putting them on stop!

I understand the new Gov structure now works as a WIN WIN environment for all - so lets wait a see if this is actually the case

Crusty,

Re Kili

It states below minimal cost - not sure what minimal cost is but AEX do have the near $2m due for back costs (paid over 6 months) plus the potential for the repayment on the monies owed (or some of it at least) to pay to get Kili back on line - maybe this is enough to cover it!

Do you have any idea in what Kili will cost as you state AEX doesn't have enough to pay for this?

Lets hope that we see some quicker moves from the government now that AEX buckled for the GGT amount - feel this was a major part of the delay in awarding the licence extension in the first place and with this now out of the way it just may start to move quickly on all fronts - after all they will need as much outside investment as possible at the moment!

'We continue to see value in Kiliwani operations and have looked into remedial work to restart production from our Kiliwani North well. In August, we updated shareholders on this process and noted that we continue to seek to source equipment to perform the re-entry and remedial work which has been designed to be carried out at minimal cost. Unfortunately, we continue to await upon approvals from the Tanzanian authorities to commence the operations and look forward to updating shareholders on progress in due course.'

'On completion of the Farm-Out, the Company is due US$5 million cash consideration and will also receive US$1.97 million in back costs payable in six monthly instalments'

Just need to get the farm out fully agreed - at least they will have $328k per month coming in for 6 months as part of the back cost agreement

Not sure on the cost of kiliwana but I have this down as awaiting final approval and then lead time 3 to 6 months) to resolve rather than a large cost to Aex

With no debt ( as long as farm out is confirmed) and costs under control for at least the next 12 months I feel they are not in too bad a place - not ideal granted but there are many companies in far worse positions at the moment just t get through the next few months!

Let's see how long it takes to get the farm out signed off!

The 2 million purchase Friday afternoon was little strange - 40 mins from end of the trading day at 1p when purchases at this time of day was just under 0.80p. Understand you pay a premium on T+ trades but certainly not this high!

Lets see if this starts tomorrow at 0.95

Be interesting to see if Mr Ambrose purchases any new shares to show confidence - maybe that 2 million was his!

Good Luck all

Not had time to look into the detail on the actual savings AEX will make by not paying directors, pension, bonus, employer costs etc.. but these are not totally free shares as the company will benefit by keeping the cash they would be paying out. So you could look at this as placing for funds (without the associated costs of a market placing)

Does anyone have a figure on the total savings? We can then work out a price per share equivalent?

Assuming the directors will also have to pay capital gains tax on any gains booked so assuming this will be taken into account but they will save on income tax and NI etc..

Still seems an awful lot of shares considering it doesn't state the period this will cover so I can only assume this is for 12 months - lets see how the market sees this tomorrow!

Good Luck All

https://pictouadvocate.com/2020/03/26/no-pellet-operation-for-steeltown/

Very interesting on the $84 million funding that was/is available for this project! That's big money connected to coalswitch!

When RMDE first announced they were looking at this project using Coalswitch technology this wasn't covered by an RNS as I guess it doesn't affect AEG unless RMDE purchased the site and obtained the necessary permits & planning. Then it would have been another coalswitch license agreement

Looking forward to seeing how this all works out

Good luck and stay safe

That's the way I read it hku821 - feel this will be signed off just not sure on the timings following the 27th date - hasn't slipped by too many days which isn't too bad considering

Be nice to have the permit early April - we all could do with some good news TBH

Stay safe all

https://pictouadvocate.com/2020/03/04/pellet-proposal-waiting-for-go-ahead/

All about the timing and local support I guess!

AEG has a perfect solution available for the home as well as the power stations

All moving in the right direction - just need those commercial plants up and running with new customers announced!

https://www.bbc.co.uk/news/uk-51581817

Interesting on the bid activity still - could sell 8.1m shares on the bid yesterday and still can today even after the two million sale this morning - just the 2m this morning with low volume would have crashed the price

Any ideas what maybe happening anyone?

https://www.capebretonpost.com/news/provincial/nova-scotia-announces-rebate-for-investments-in-forestry-operations-412995/

https://markets.businessinsider.com/commodities/lumber-price

Positive for the JV trading - Price was just over $3 in June!