Member Info for Kimosabi

Government taking notice of O&G Co’s: https://www.thelondoneconomic.com/news/times-up-for-mining-oil-firms-as-uk-endorses-strong-anti-corruption-rules/13/06/ Maybe we will see more transparency in future. “Advanced” can now be added to AEX lexicon.

Drewky, you indicated that you wished to extend Aminex the courtesy of first sight of the letter with questions to be addressed by the BoD. Now that JB has acknowledge receipt please extend the same courtesy to inviduals who posed questions. If you have not adequately addressed all questions, there is still sufficient time for individuals to communicate directly to the BoD. I am sure it is not your intention to deprive investors of their right. I do not get the need for secrecy.

Can you please confirm the questions I asked are included in your letter.

Why all the cloak and dagger?

Question: The Company failed to comply with five provisions of the UK Corporate Governance Code (ref: p17 AR); notably the appointment of independent directors and remuneration policies. Given the Chairman of the remuneration committee is seconded from Eclipse, albeit he is not a beneficiary, what assurance do shareholders have that there will be no conflict of interest from the award of options considering the advanced farm-out discussions going on at present. As a follow on when will non-compliance of the Corporate Governance Code be resolved and the draft remuneration policy be put to a vote of shareholders.

What ’s posineg, when it’s at home?

SF, are you an aero engineer with Nestle. The one who puts the bubbles in chocolate bars or maybe an egg farmer with Cadbury's who only works during Easter. For your 'out of the box' thinking, you should apply for a job with Aminex. We definitely need someone who can open the box.

Vike, Agree with you except that communication is part and parcel of execution of the business and operating plan. in an ideal world everything goes according plan, whereas in reality circumstances can cause slippage and delays occur. Most people would accept this provided there is an adequate degree of transparency and reporting. As KN 1 is our sole source of income I expected the BoD to pull out all the stops to get the problem resolved ASAP and secure continued funding for our development plans. This issue remains in the air with no insight form the BoD when it is likely to be resolved. The BoD has not shown any urgency, neglected to keep investors informed and to rub salt in they have enriched themselves

CP, Maybe it’s because AEX has a dual listing and the most/least (as applicable) restrictive rule applies. I would like communications to improve. The meeting with the three wise men has not adequately resolved the issue and the AGM affords shareholders an opportunity to press the BoD to mend their ways. If you support tabling a shareholder resolution at the AGM, your advice on how it should be framed would aid discussion.

CP, Extract from Notice of AGM: 'A shareholder or a group of shareholders holding 3% of the issued share capital, representing at least 3% of the total voting rights of all shareholders who have a right to vote at the meeting, have a right to table a draft resolution for an item on the agenda of the meeting subject to any contrary provisions in company law. In the case of the 2018 Annual General Meeting, the latest date for submission of such requests is 29 May 2018 (being 42 days prior to the date of the meeting)." Other proviso do apply. I was thinking of something along the lines: Aiminex shall provide a quarterly operational update of progress made to fulfil PSA/licence obligations.

If a form of words could be agreed for a resolution, individual PIs could request their broker to add it to the AGM. I would expect that the sum of individual requests supporting the same resolution would be sufficient to garner the required collective support.

Any thoughts on PIs putting forward a resolution to improve communication. Only needs support from 3% of shareholders to action.

Plan to exercise my proxy to vote against the re-selection of BH & MW in protest against the remuneration package and radio silence. If things continue as they are nothing will change.

MU, Jam tomorrow!

The YE report indicates that JB's base salary increased by @50% and executives were awarded 78 million share options in 2016 with a further 42 million post period. These awards are being waved through by the remuneration committee without reference or approval of share holders. In my view the share awards are excessive and should be called out at the AGM.

Refer to page 46 for their update on Stella: 'prompt ramp-up of production is now anticipated' https://petrofac.com/media/3136/petrofac-_ar_2016-_web.pdf

Maybe aye, maybe no. Who to believe - press releases purpoting to be iodine industry sources or a bloke on a BB. Maybe neither. Suspect I'll wait and and see how it pans out and then decide.

Maybe not. http://www.indmin.com/Iodine.html

"At every rise, the bears get so so excited"

http://www.iofina.com/investors/financial-calendar