Member Info for NorthernMagic

section that they abandoned will they go back to the base of the vertical section and start drilling from there? Just wondering how this works, in terms of avoiding the troublesome section they hit at 700m. Also would there be an RNS to say the drilling has restarted again, or could they already be drilling the new side track section?
Atb,
Northern

is they do appear to have a strong board with lots of valuable experience in high performing roles for large companies. The one thing missing is the green light from the Tanzanian authorities and given recent posts this hopefully is not far away - GLA.
Atb,
Northern

I was thinking exactly the same the other day davwal. In the grand scheme of things - not doing an awful lot wrong are they?
Atb,
Northern

I honestly think given last year's treading water as soon as there is good news PL will want to share it. Let's hope it comes soon and the sp goes back up to where it belongs.
Atb,
Northern

Agree but when there is some success - share prices can move very quickly, so possibly a buying opportunity but please as always DYOR.
Atb,
Northern

that things are quiet there are things going on in the background. It just strikes me that PL is that sort of person. Hope we get some continued good news and the sp moves higher again. Thinking about this if you can afford to invest in the shares at 4p and they move up to 5p that's a 25% gain - and imho I think the shares deserve to be a good bit higher too! As always dyor.
Atb,
Northern

or do people think it's more likely to be news by end of first quarter?
Atb,
Northern

appear to be a lot going on at the moment and hopefully lots of positive news this year to feed into the sp. Interesting to still read in the FAQs that the right acquisitions are still on the table. Not sure where the funding for any acquisition might come from especially with Paraguay to be drilled in H2.
Atb,
Northern

Thanks hydrogen.

anyone have any ball park figures as to how long it might take them to the do the side track and start the testing.
A month? Couple of months? Three months?
Atb,
Northern

Hahaha cperkin yes who knows? Sorry, I just get really wound up when it sounds like we are going to get news and nothing arrives!
There might be an RNS in the morning lol
Atb,
Northern

much of Aminex and the Tanzanian government. When on the 24th September Aminex and the Zubairs said they had a very encouraging meeting with the Tanzanian government and the PSAs around that time were said to be being fast tracked I thought we would have heard something before 3 and a half months later. Ah well, I shouldn't set my expectations so high based on Aminex's and the Tanzanian government should I. Maybe in a few months time ......
Atb,
Northern

What frustrates me fjones40 - is I thought a number of shareholders had been down this route before and the company said things would improve in this regard - but as far as I can see nothing has changed. At least with other companies they sometimes provide progress updates but for Aminex we've had a number of situations in the past where they have posted an encouraging RNS then no news and the sp drifts down - it's happened loads of times. That's why I've thought for some time if they can start to update on a regular basis saying what they have achieved say a quarterly report then at least we and other interested parties can see progress is being made. Possibly that's just my opinion but lots of other companies seem to do this.
Atb,
Northern

Thanks Brasso3. White rabbits and hats spring to mind.
Atb,
Northern

website to send a message - asking if there was nothing that Aminex could report to shareholders in terms of what is currently being done and what progress is being made in Tanzania whilst we wait for news of the reviewed PSAs being signed off. I said it would help as whilst we wait and there is no news the sp has drifted down to less than 1p.The website acknowledged my message had been sent. Isent the message last Wednesday - as yet I've not received any sort of communication back from the company. Why do company's have such a contact us facility if they don't respond?
Also is anyone aware of any news in terms of an update of news that is due and that we should be hearing about in the near future? I invested inn this company in good faith - you would at least think they would have the courtesy to reply to my question - other companies I have asked questions to have done - why should Aminex be different?
Atb,
Northern

I agree but I don't think it will be long before we hear something - re current work for this year. I'm assuming for various reasons especially the 50% increase year on year(I cannot remember if that was production or revenue) PL will see 2019 as falling short and will want 2020 to be a year where they are catching up on what were ambitious aims.
Atb,
Northern

will not take too long imho as so undervalued and lots of good news on the way.
Atb,
Northern

Buying on the LSE tomorrow and that we hear some good news before not too long . A month tomorrow since the horizontal drilling started..
Atb,
Northern

Fingers crossed for news soon.
Atb,
Northern

time of year and it looks like President did a yearly reserves update and also a performance update re the year. Will be interesting to see what RNSs arrive in the next few weeks. Hopefully this will add to the upward trend in the sp. I'm assuming today's slight fall is just a general sell off across the board.
Atb,
Northern