Member Info for mjapac

the intelligence on this board never lets you down.

Wrong company BG !

Took the words right from me!

oh dear

Get your calculator out cups

I'm with you jonesy

Yes

It's pretty obvious this is very near completion now, I reckon the bod were hoping it was all sorted today but as usual not quite as expected. Sell if you want but I'm not sure that is the play here I am pretty sure all will be out in next couple of days. And to max I've been in and out of solo since the very first drill, I've highs and lows, I lost in excess of 26k at one point but happy to say in a much better position today.

Max you are a lunatic.

Price is ready for moving up now just need a buy or two !!

Where has all the money gone thought we had 4 or 5 million after selling down ukog etc etc

Actually thinking about it you maybe right but it is very unclear!

According to what I got from website its 37.5% needs clarifying.
(In July 2018, Aminex agreed to farmout 50% of its 75% working
interest in the Ruvuma PSA in exchange for a full carry on future
operations worth up to $105 MM of gross expenditure for ARA’s and
Aminex’s combined 75% working interests and $5 MM in cash.)

I have checked it is 50 of 75 so defo is 37.5 %

People keep saying 25% but I thought we have reduced our 75% by 50 % this been 37.5 % am I correct in this ?

I dont mind admitting I sold on Friday following the herd but now on reflection am hoping to be straight back in monday as I actually dont see any negatives in the video we did not already know, or should have known.
Farm out will happen drilling will happen and more than likely something else will happen.
GOOD LUCK ALL !!
BOOM

To be truthful I dont think any shareholder would mind the board making plenty of money if the board were making shareholders plenty of money but the fact it THEY ARE NOT

My understanding is that nominal share options need to be purchased for the nominal share price which is 0.001 so if sold today would be for 0.008 do yes doing pretty well out of the shareholders!
I guess if it covers 12 month salary plus fees plus bonus for getting the psa done, is it though?

Thanks Brian, that was kinda what I was thinking but my broker has taken then money for the shares anyway so I presume if they have gone down by the time the t20 finishes then I get less money back and if they go up I get more !
Dont see how it's any different to paying normally?

Can anybody offer a little advise. What is the benefit or disadvantage to using t 20 extended settlements? I get it in principal but dont see benefit as my broker takes the cash out of account when trade is placed anyway? Be good to understand more....