Member Info for matherdj

And if you take the shares it's no different to buying them. You become a shareholder and you have to manage that. You can sell if you want an no one is making you hold. You just need to consider capital gains.

If you’ve been here for two years it’s hardly like watching paint dry. The share price has dropped by two thirds! Let’s hope some opposite action isn’t too far away.

So this is what has been stated in the RNS in November (https://www.lse.co.uk/rns/AEX/corporate-and-operations-update-eg14luexf3te74s.html)

"The Company will shortly commence receiving advance payments of up to $3 million against the cash consideration due on completion of the Ruvuma Farm-Out"

and

"Aminex will shortly receive the first payment from ARA Petroleum LLC ("ARA") as an advance of up to $3 million against the cash consideration of $5 million due on completion of the Ruvuma Farm-Out. "

Heyup, can you post a link where it says payments have started and been received?

That was a very patient and polite response bucks. That diet is working wonders.

How is it feasible? You think they’d announce the deal, suspend the shares all whilst knowing it was dependent on something totally unpredictable?

What action are you suggesting Fjones? What's your plan?

And by the way - you can check out of the Hotel California any time you like, but you can never leave. Bit like Brexit.

How ironic seanster.

They’ll need to not only agree to the terms, but also make sure it’s all written correctly in terms of legal. If any sentence could be misconstrued in any way, it will need discussion. Could take some time yet even if a draft PSA has been agreed and sent.

Trellis, use BCC and you can send in bulk without showing others email addresses.

Same for me Sambo. So much for that two drill programme the money from the zubairs and the placing were meant to be for. Still, should be a whopper of a drill when it finally happens. Could be a while yet though.

Why not create one yourself Dunder if you want it so bad and have the industry experience? You have 5 mil shares after all.

Sorry, wrong thread.

I haven't seen an RNS saying that AEX has actually received any money from ARA. I wonder how that access road is progressing? Smoke and mirrors?

Let’s hope aminex/tanz get things moving next year. Everything says they will, but just have to wait and see as history shows.

That’s harsh zebbo and you should apologise. You are right in many respects, but there has been a bad history. Different board with a different strategy and invested. Different story, but they need to deliver. Just have to wait and see.

I doubt the license in tanz has anything to do with it. They would have been very foolish to leave any dependency on that and they aren’t that stupid.

Still the same. No evidence of corruption and plenty of bureaucracy.

It’s been that long for you caddy I think you may be hallucinating ;) the solo effect; let’s hope of the past.

You missed the point lamtree but never mind.