I think the other way … leverage the LSE main listing that AEX have to grow it rapidly into a FTSE 250 unit by installing more of their own people and reallocating ownership of the Ruvuma asset to support growth through acquisition. To my eyes that gives the opportunity for a far greater return than taking AEX private to save a few million on a free carry.
What advantage would that offer them? And what advantage would that offer them as opposed doing the reverse - bringing the entire asset under AEX once de-risked and having a publicly listed company whose NAV is greater than a privately owned asset?
Meant as a genuine question…
It does tie into my long held theory/suspicion that the initial Siesmic is a bag of spanners, bought with a wing and a prayer with some turd-polishing and public bluff applied to make it sound like we have a minnow well-worth investing in.
But in fact AEX had completely lucked-out and stumbled on a monster asset, which is now finally being proved by a more reputable organisation undertaking a proper survey of the geology.
If it comes off - which I still think it just might and why I’m still here, despite being more Rojo than PoC - this will be a masterclass in luck over judgment in my view.
Not sure eliminating the negative is the wisest approach when investing money but each to their own :-)
But what IS holding the price back? There is tangible operational progress now. There is improvement in the political climate. Kiliwani money has been received. There is even albeit limited read across with Cove. We are free carried. And yet the price languishes…
Positive and negative thoughts very welcome.
My concern is that this remains a punters stock based on the next drill. And that the amount of selling that may invite from disgruntled long term holders will continue to exert downward pressure on the share price.
I think the read-through to Cove is now limited in its value. The world has changed - it’s alarming how blinkered people appear to be to this. The earth is literally on fire and whether you believe the burning of fossil fuels is a contributing factor or not, the groundswell of opinion is swinging towards it being the case and the move away from hydrocarbons is happening. Consequently the majors are reducing E&P CapEx in support of this.
It only takes a simple google search to find evidence for this but here’s a pretty good start point:
https://www.euractiv.com/wp-content/uploads/sites/2/2021/06/Energy-Transition_The-evolving-role-of-oil-and-gas-companies-in-a-net-zero-future.pdf
But if I’m incorrect - please show me evidence that the majors are moving into Tanzania to open up a new oil and gas frontier.
I expect nothing from this except a series of Surge and Sells based on intermittent new flow, the most volatile of which will culminate throughout the Chikumbi-1 drill (assuming it happens - I still think there’s a chance it may not).
Really don’t see the need to debate supposition and conjecture in the mean time - there is sunshine and a golf handicap to be worked on (or whatever floats your boat) - much better for ones well-being as far as I can see.
I’d love to know the workings behind that resource upgrade. I work with data a lot … a lot of financial data and analysis; it’s my day job. For all we know it could just be a variable in a spreadsheet that’s been tweaked - with all the previous BS and broken promises I’m sceptical that a resource upgrade as been pulled out of the hat just as a 6 month drilling delay is announced. Have you not noticed the correlation between delays and resource upgrades?
Let’s hope the 3D backs up the resource upgrade and puts my scepticism to bed.
Nope.
I’ll take well made points based on research over bull**** and baseless accusations any day of the week.
If you want to talk disrespectful then ramping a stock that has under-performed and mis-informed (back to back drills anyone?) the market, forming a breakaway group with the ominous threat of being kicked out of said group for making too many well researched and generally accurate bear-points, such that less experienced investors may make a buy decision and lose money - that is in my book a far clearer definition what it is to be disrespectful.
I’m not sure BG - moving a load of the vacuous nonsense that gets posted here onto Telegram might actually leave this board as something worth reading.
I don’t always agree with the points you make but they are always written well enough and backed up with research and knowledge.
Does anyone look at the wider markets and notice the outperform over the past week or so as we roll into a new financial year? There is no material news here, we’re being swept along with the tides..
BG - I’m not here to give advice and neither am I here to gang up on or throw personal insults at someone who’s made a bad call and whose wider personal circumstance I have no insight to.
Tackle the ball not the man was a phrase I read once and thought applied well to these boards.
I have seen first hand what communications via the internet and social media can do to an individual’s mental health and esteem, hence my calling it out.
I’ve made my point and will move on.