Member Info for Kimosabi

Thought this was the GSK board.

Yes you are correct. It was declared in the Nov RNS that Lance Baller held a 100% voting interest in Organic Vines.

Surprised it has come to light that Lance Baller is a partner in the hemp seed business IOF are lending money to. Any reason why IOF did not establish this business.

https://apple.news/AFKwRxdkFTgSehQqDqEH1kA
Could this be the catalyst needed to resolve pending licence applications.

Andarko cancels Chevron Takeover in favour of superior bid from Occidental. Should the transaction proceed Total has entered into a binding agreement with Occidental to acquire Andarko’s African assets. Total considers Mozambique’s LNG plans are substantially de-risked with the first LNG train projected to come on stream by 2024.
Things are starting to heat up in East Africa. The Tanzania Government need to speed up their procedures or they are in danger of being latecomers to the party. It also seems that the majors are preferring to buy into proven assets. Good news for AEX, I wonder.

Can’t locate resolutions on Company website. Any idea where they can be found?

Could Chevron buying into East Africa trigger interest in Aminex offshore licences:
https://www.cnbc.com/2019/04/12/why-oil-giant-chevron-is-buying-anadarko-petroleum-for-33-billion.html
Or just wishful thinking on my part!

BH was a director of Canyon and would have known what AEX were buying.

Point taken about ZUBs however I was referring to AEX takeover of Canyon and the way it has played out.

CP, A quiet revolution indeed. Reverse takeover springs to mind without the usual proprietories and associated fringe benefits.

Thanks MJ,
Highlights from Placing ad Open Offer 2016"
 Proposed equity funding to raise up to approximately Stg£19.5m (US$25.4m) by the issue of up to approximately 1,499m New Ordinary Shares at Stg1.3p per New Ordinary Share (the "Issue Price")
 Net proceeds of the fundraising to be used principally to finance the drilling of the Ntorya-2 appraisal well and the Ntorya-3 exploration well"
From 2017 HY report
"During the period, Aminex applied the cash flow from Kiliwani North operations to the repayment of the corporate loan and in June Aminex repaid the outstanding balance. The loan repayment was assisted by the exercise of warrants in May which gave rise to the gross receipt of $2.18 million in new equity issued. Full repayment of the corporate debt has been part of the Company's strategy and the Board is pleased that this has been achieved earlier than anticipated in this financial year."
I thought AEX had set aside funds from the previous fund raise and also had residual funds from the the period when Kilwani was producing, hence my question. I thought we were okay financially.

CP, As I seem to recall the last fund raise (ARAR) provided for back to back drills (including C1) and Seismic's. With revenue from Kilwani to provide self financing going forward. Given that our income stream dried up, what happened to the funds allocated for the C1 drill?

Interesting read on small cap remuneration packages with focus on Cambria Autos: https://apple.news/APLxx4sC_T223GP-8A9Yjiw. It seems the median performance related pay for a CEO is @£244K /a . Given that AEX no longer has free cash fliow. I think it’s about time that our Execs forgo a portion of their pay and receive share awards instead to align them more closely with the interest of shareholders.

Lifts share price.

Drewky, In the unlikely event of a placing, would it not be prudent to seek assurance from the BoD at the AGM that existing shareholders will be allowed to participate.

Mouse, I agree, but it is something the BoD is seeking authority to do. You can vote against the resolution but I would like someone attending the AGM to seek an assurance from the BoD that existing shareholders will be allowed to participate should a placing become necessary.

The SP of one of BH’s other vehicles has taken a hammering this AM following the announcement of a placing to an institutional investor. As AEX is seeking authority at the AGM to issue additional shares, I would be grateful if someone would raise a concern with the BoD that existing shareholders are included should a placing become necessary.

A ginormous multibagger, a gigantic mistake or a great mystery.

GL, or a white knight.

D, When the 25 year development licence was submitted the BoD stated that TPDC were supportive. Indeed the BB had a ninety day count down for approval being waved through. What has changed from the TPDC being supportive to being obstructive?.