Member Info for Hallowed

Whenever a key member of the Board leaves for no disclosed reason (not even mentioning 'personal reasons') it usually means that the person in question no longer wants to be involved in the way the company is to be run.

So it draws into question ethical issues and Fiona always striked me as being a decent person with a conscience which is a trait sometimes lacking in some CEO's (and I can think of a few who shall not be mentioned such as JP).

It is what it is but the 'delays' allow for shorting games and often will be at the expense of PI's.

Wishing Fiona all the best!

Drewky writes "After all that clamour for this news it is imo simply wrong to be criticising this news".

You need to stand back and see the bigger picture that has been played out - AEX and it's true masters have taken PI's for a ride and so PI's should be very critical indeed and not just laid back about it.

Those who may think Jay is honourable should realise he is not the real power behind the company anymore but more of an 'administrator' - such is the way the world works.

Good RNS this morning (finally) but so evident now (even for the must numbed of minds amongst us) to see the continual delaying tactics being played out by honourable Sir Jay ;-))

"I personally don't think that the Al Zubair family are hell bent on the strangulation and destruction of Aminex to their own personal gain."

They (Al Zubair family) have a substantial shareholding in the company and will be keen to see Aminex succeed, at the same time as making substantial personal returns from their investment into the farm out.
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Agreed but the issue for me has been their under-handed strategy play to take control of the assets at discount price.

Once farm-out gets formalised (put back to March 2019) I too see the delayed events finally happening.

But this has been a difficult experience for LTH's and newbie PI's who may have sold out at a loss. Both have suffered as a result of these shenanigans which should not have been allowed to play out the way it appears to be playing out.

I am tired of having to see through the dishonesty and insincerity of company directors and their cohorts time and again.

Hi, they are 'squeezing the life' out of AEX only up to a point but it's all part of the plan - don't forget they were already our key stakeholders and now wish to take over control of the assets to take full advantage of the huge growth in demand for gas in Tanzania.

So AEX will be around next year with a different shareholding structure and the SP will rise as a result (but from this orchestrated depressed level)

This is not so much about the Gov or AEX as it is about the ones really running the show here - the billionaire Zubair family.

They set out on a mission and the mission was to take over control of lucrative AEX assets at knock-down prices.

And so they 'cooperated' (conspired....actually) with AEX and the Government to bring about the desired result which will come to fruition in 2019.

Consequently the MCap had to be brought down against the back drop of a good story that Zubairs were the only game in town to finance the development of our projects (and no one else in the world or any other form of financing like convertible bonds, contractor loans, bank loans etc etc could be found).

So the plan was set into motion with a building up of uncertainly by delaying receipts for gas sales (increase in trade debtors); inventing contingent liabilities which need not be fully accounted for; delay targeted events like drilling at CH-1, valve repair at Kiliwani to produce gas, 25 yr licence issue, even delay the farm-in itself with the Chosen One etc etc).

I take my hat off to the cunningness of their plan and they will pull it off.

Conclusion - Wake up to the games that get played at our expense (it's all about understanding the true cause of any event or result and not be misled) and ..... wait for the SP rise to come next year (and come it will when things all of a sudden start to fall into place to 'justify' the rise).

Well, another disappointing RNS as it was only really about the EGM date. So we continue in the spirit of AEX with disappointments and a depressed SP. This game is tough.

Could we be seeing the formation of an inverted Head and Shoulder pattern on the technicals? If so, then that would indicate we go back down from here. Bonkers, any thoughts on that? Thanks.

As soon as we try to get back to 13p, down she goes again. If this ain't shorting I don't know what is because it's not typical PI's doing this but professional traders.

Sadly, 9p here we come?

Soundinvestor, I suggest you look at the disclaimer on their website, You don't honestly believe there will be a true list of all stocks that get shorted? The real shorting done is sophisticated (meaning non-transparent). That's why this game is difficult. Either way, GL!

... is a wonderful thing.

JP's trading plan was announced in April 2018 and since then the SP crashes - a stroke of genius or a stroke of luck or neither?

I say neither which means he knew this was coming as the markets were going to be shorted. Clearly outside of his control but he took care of himself first and that shows fear (and consequently a lack of conscience).

To be honest, this whole society we live in is ultimately a reflection of the collective consciousness of us all in some shape or form.

It is what it is and feel for those losing out right now.

Unless you trade, best to stick with it as the orchestrated rise in SP next year WILL happen but to nowhere near the heights that most PI's were duped (apologies, lead) to believe.

"People have been fooled into thinking something is happening .."
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Yes and unfortunately he's done that too many a time.

.... has been tamed and sadly is no longer wild.

We now have to sit out a long winter before the large Fox emerges from it's hole.

The best thing about the drilling in 2019 has been the naming of prospects after these beautiful animals that the planet could not survive without (unlike some of the unconscious human beings posting on this BB).

I can't help but feel that we (PI's) have been set up - they originally planned to also drill the safer prospects in Block XX to off-set the risk of just drilling wildcats which is what attracted many to this company in the first place but instead most likely knew they would only end up drilling wildcats and if dusters the SP would get hammered.

Not good management (and deliberately so I hasten to add, as such is the nature of the game in the system we live in).

Gutted really.....but there will be time to get back in next year. GLA!

"Definitely an example of how NOT to run a company IMO."
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That depends from whose perspective you're looking at it. Clearly these days Jay's way seems to be the desired way for many companies - anything goes, as long as the few make money at the expense and desperation of the many. The game's rigged that's for sure but we do what we can. GLA!!

Don't read too much into that as large spread + low volumes (and that rise was due to my small purchase where I inadvertently forgot to set a 'buy limit'....annoying). Anyway, let's see what next week brings. GL!

Bonks, I understand your point about the full carry for capital outlay in return for a slice of revenues but let us stand back and see the bigger picture (as well as being a little more sincere).

This royalty deal in exchange for our 30% direct interest in T3 is far too clever and ultimately does not reflect the true worth of our interest in the project once it gets developed.

It would have been more beneficial to our MCap if MTR raised their share of the development financing through debt/equity raise (bank loans, contractor loans, convertible bonds etc and Sprott could have acted as guarantors and even provided some development financing themselves in return for a royalty agreement) - but no - alas, they came up with something which takes away a lot of the value from us.

So yes, we will re-rate but MCap will not be anywhere near as high as it would otherwise have been had we retained our direct interest.

Yes, market mechanics have changed but the changes always seem to have a negative impact on most of us making this game ever more difficult.

Trizza, that was a great post - your observations are spot on.

I too was surprised by unexpected T3 sale, placing etc and SP has since trended downwards - obviously Sprott were in the know about this orchestrated drop (as otherwise they would be the first to sell). So yes, there have been fishy goings on and PI's are the ones made to suffer.

So let's hang in there/buy more at this price and look forward to Q1 2019 where we should re-rate.

GL!

I think like most (genuine) holders here there has been great disappointment that we didn't even get any oil shows on the WH. We knew the risk...but now I can't see the SP going anywhere for months (despite the incessant ramping by a few disingenuous posters).

"Aminex, slowly rewriting the dictionary: ......"
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We should be used to it by now as we keep being reminded by politicians who have also brainwashed us with their use of language .....in the west we live in a free society (in reality a controlled society) and democracy (fascism) which provides social security (social impoverishment) for those of us who are workers (modern-day slaves).

Aminex (and companies of similar ilk) use same politics when giving information to PI's which makes this game ever more difficult and ever more reason to awaken.

Anyway, we have the resources and development finance (retaining 25% interest) and so finally we should re-rate.

GLA!

Let's temper the excitement folks and remind ourselves that we are starting from a depressed SP level of 5p and even if we double from here in the absence of news that would only bring us to the last placing price, so where's the profit (unless made on short-selling). So nothing to wrote home about just yet. We continue to wait with baited breaths....

Don't read anything into this "1" trade as I have had that on my trades as a 'residual execution' (as part of an order getting completed through partial executions).

Nevertheless, this short-selling over last several days will hopefully be closed soon and we can see some upward movement in the SP in anticipation of drilling results.

GLA!