Member Info for matherdj

Fair point crusty, but that previous board was some time ago and there were quite a few rns and comms detailing how busy these guys were getting things ready for the ch1 drill. Carefully put as soon as 'practically possible' in official comms. RA was happy to go on video and give a BS target knowing seismic would be required first. Anyway, it's all about what plans they have for funding to keep going which I'm sure they'll achieve.

It makes sense to wait for them, just a shame (sham to be honest) they communicated that they weren't going to previously - apparently to give shareholders some hope there was light around the corner.

Ruvuma is now under the control of APT who want to complete seismic first (as always planned) and AEX have no money to do anything other than hunker down. Next news should be how they intend to keep afloat after april/may, then seismic beginning, maybe some findings towards the end of the year/q1 22 then drilling some time in 22 hopefully q1. Those timings will become more clear as each progress. I doubt very much that the zubairs will accept any dilution to the asset in terms of the 'family' so i expect loans of some type to AEX or more dilution of the asset to APT for cash. I'm doubtful of any partnership/marriage that will see AEX able to do it's own thing, but if something along those lines does happen it will be a huge relief for investors.

Bit pedantic I know, but he wrote it in 1948. He simply switched the numbers around.

Nyuni is delayed at the moment, BG. I assume that means on hold. The exact words were 'delayed, not cancelled'.

We shall see Crusty. I think this is all about Ntorya and the rest is a side show with little hope of progress. Receivables are written off and I wouldn't be surprised if that was part of the 'sweetener'. Anyway, I just think the whole thing is corrupt even if legitimate within business and cant be trusted. Hence, why I say until a spud date is officially announced.

Yep; and I feel that until a spud date is announced that will not be known. I know that could miss out on some (potentially a lot) of run-up value in anticipation, but how many times has that anticipation been proved wrong? When you say re-invest Crusty, do you mean you have sold up? I cut my losses and thankfully got out with my shirt on (just!).

Absolutely. I think you would have asked the same question re below 1p not so long ago.

When they announce a spud date, fantom. Seismic could take longer to do/review; license extension to get sorted; may end up wanting the dev license too before drilling; gsa? What happens in between re funding? I can only see them turning (being asked) to rely on their cornerstone for support to keep the only asset that matters within the 'family'. Until they are ready to spud it's a total guessing game as to when and with what value remaining.

Just to add, I dont think job security is something felt widespread in BT which is a result that should be expected and managed.

The right to strike is very important fleccy, but should only be used in extreme circumstances. What other course of action is there other than courts against the big pockets of companys where you have little chance of success at great expense. I dont see a strike happening myself, but it shows how ****ed of staff are after some aggressive years of culling - rightly or wrongly.

Seems like pumping, but with the logic suggesting lower gaps to 'fill'. Counter intuitive, hence asking.

Maverick, if all of these drops are gaps being filled then are you expecting another below .4? Just wondering how your logic works.

And let's hope it covers the required period of time and not create another similar position of the same.

Good luck crusty. I can imagin the ear chewing from the mrs currently ongoing.

Hi Matt, I have little doubt they will make it to first gas and this will be very profitable in the end. You quote of patience, but there is also liquidity. I've been here 5 years and now find I need that liquidity or at least in the timeframes proposed which could easily be delayed and with a very uncertain year ahead. I'm happy to have reduced my exposure considerably and maybe miss some upside, but reduce the high risk in the time I have available to be locked in. I'm thinking sometime between now and september I may put more back, but that depends on the share price action and funding progressions. I can see a little climb coming in due course, but expect there will be a newer low in time. Who knows hey!

Like you said before, killer; aminex in name only.

Page, they also said they would drill ch1 in parallel with seismic and that was never the plan.

I think the problem with that Vike is at what point within that 12-18 months will that happen? There could still be delays. I think it will bounce around this level maybe touching .8 high until seismic results. Nothing much to kick things on for sometime now apart from some sort of support package from ARA.

Hey Dunder, that was recently and I saw that too as blatantly obvious. If 3d was always the choice before drill I'm suprised you weren't more sceptical sooner. Matters not anyway. I'm just waiting to see if this company can stand on it's own two feet.