Member Info for matherdj

Seems premature given the shareprice trajectory, but I guess it gives them a sure footing and a solid base for new investors.

The life of the field is projected to be 30 years - I think hitting peak production after 12. If you were to base the value on today's prices, would that be wise?

SvS, CH1 is to prove this is ready for FFD (as per the IO report Aminex had independently done). It's still appraisal and the pipeline wont be built until that's been done. The currently lack of pipeline (spur) doesn't in anyway mean there is no rush for CH-1. The JV have also costed in the option of building it themselves should that end up being required.

If these guys drag their heals much longer then there's a great chance of seeing good upside in Aminex and being able to move back over here once funding is in place for the upside here. Maybe they will surprise holders with a buyer once 3d results are back, but it seems highly unlikely and not investable on that basis (for me). You'd expect their to be an MoU in place although I guess the other party may not want it known until confirmed. All ****ing in the wind for now.

All very true and correct. I just think you should be more carefull in whether you think those fundamentals actually equate to an investment opportunity at the time you post. Maybe you disagree, but now is not the time to unless you think a sale is happening and that looks highly unlikely. Better of waiting till funding is in place.

Chris, I'd wager your investment in scir is far less bullish than your posting and a very small percentage of what you might once funding is in place.

I was more interest in the image below for sexy Russian babes looking for men over 30. I'm in!

They'll need the pipeline in place before they can book it as reserves.

The large spread indicates they don't know which way it will go or at least have little confidence either way.

https://youtu.be/XY8lRcyvoe4

Honest question as I saw this when it first went up. Is this Adrian?

Could :) they're doing the right thing imo.

Pretty much. But saying that, doing nothing until things start moving sp wise is probably the sensible thing. Good work if you can get it :)

I'd imagine/hope for operational (shell) news flow to start during March. GLA.

They need funding which with no income means dilution. They need to get that addressed sooner than later whilst the mcap drifts away.

Who's we? And what do you think he's trying to do? Talk the share down so he can buy more? I can't see what else you could be thinking, yet his recommendation is 'buy' on his posts?

You're ignorance is pretty clear to anyone who's followed aminex over the years.

Absolutely, hit the nail on the head.

I can see why wizard is happy with his investment here with his understanding of a commercial well.

A commercial well is one that makes economic success.

How many shares in issue though? A sp in itself says nothing without understanding both. you probably know that already.

Wait for CH1. Raise at a higher share price enough to cover a 3d programme over the license and then look to farmout. Depends if the authorities would allow that in terms of time and activity on the license, but they've had next to no activity for quite some time already, so not out of the question.

'Near term', '2015'. Sums up Tanzania.