Member Info for highroller

probably a large buy has gone through which will be reported late as a sell

Mms are bidding for the stock and offering 1000 shares a time. the SP will certainly rise on annual report.

anyone speculating about commencement of drilling, rig availability etc is simply wasting time. The fact is that uncertainty about the future is cleared to a massive degree, more will be revealed in the annual report. and you can sell plenty of shares but cant buy any at the offer price.

the real spread is 0.6375 bid and nothing on offer.

can sell loads but not buy any. what manipulation?

with annual report imminent there will be a lot more clarity and direction. patience for further rises. frankly its time to accumulate.

you need to have distributable profits to pay dividends or execute a share buy back. and in these times all money should be preserved .what is clear today is no need for placing as money from multiple sources should begin to filter through. admin costs have been cut by 34%. projects / drilling and revenue will commence in the near future. Looking forward to annual report. the current share price is a bargain. No longer a punt and I will speculate that we may hit 1p and beyond in the near future. AEX Sp does move slowly.

Actually there have been 3 RNS about holdings since October 2019. each showed a reduction of some 1% .

2p is a fair target in the short term. I am expecting a minimum of 100% gain from here.

real spread .655-.734

lets have a 1 p party first

we should see 1 p today. now the uncertainty is out of the way, rerate should be substantial.

no need to put a damper on brilliant news which must be huge relief. Extension is extremely likely to be granted considering covid19 and delays are entirely the making of Tanzanian govt. the company may be taken over considering the new BOD appointment.

good weekend to you too and stay healthy and safe everybody

CP- as at 30.06.19 there was 2 million. the overheads have been drastically cut. So it should be safe to assume that AEX should have decent cash leftover without taking into account the 5 million USD coming or already received. Its a gamble either way, not rocket science.

From half year report there was nearly 2 million already cash in hand. with a further 3 million of completion monies there should be no threat to cash.
"Cash Flows

Net cash outflows due to operating activities was US$1.35 million during the period (30 June 2018: US$2.62 million). There was an increase in debtors of US$0.10 million primarily arising on the increase in the gross receivables from the TPDC and an increase in creditors of US$0.30 million. Net cash outflows from investing activities amounted to US$0.71 million (30 June 2018: US$0.95 million). Expenditure on exploration and evaluation assets in the current period amounted to US$0.71 million, relating to payments for well planning services for Chikumbi-1 to be drilled on the Ruvuma PSA acreage, seismic reprocessing over Kiliwani South, together with continuing costs on all Tanzanian licence interests. The Group received net proceeds of US$2.18 million from the issue of share capital in the period. Net cash and cash equivalents for the six months ended 30 June 2019 therefore increased by US$0.12 million compared with a decrease of US$3.58 million for the comparative half-year period. The balance of net cash and cash equivalents at 30 June 2019 was US$2.03 million (30 June 2018: US$2.65 million).

I do agree with you in principle. my suggestion is that the share price reflects all the doom and gloom and none of the potential stuff which should be routine stuff but for Tanzanian incompetence

from Feb update " Awaiting formal update relating to (i) the review of production sharing agreements ("PSAs"), (ii) formal extensions for the Mtwara and Nyuni Area licences and (iii) the approval of the Kiliwani-North-1 remediation programme; in-country media reports suggest that the PSA review process is near completion". most of this should be basic routine stuff

It could be any end of 2020!!! the transfer of tile does not require PSA review. that should be imminent and therefore AEX should receive the entire $5 million. Regarding its own licence we should get some news of sorts. AEX has been in Tanzania for centuries!!!

simple way to look at this is that if the Tanzanians don't behave, they have far more to lose than others. even prayers wont help!