Member Info for NorthernMagic

Solo interview and it sounds like whoever is interested in their Ruvhma assets it doesn't include Aminex. He didn't mention any names but suggested a number of parties had taken an interest in their data room - so this would exclude Aminex. A shame Aminex cannot get funding to buy part of Solo's share back. It sounds like Solo are going down the route of money from the sale of some or all of Ruvum and a capital raise to expand via Helium One and expansion in Europe.
Atb,
Northern

better than me the timescales involved before we hear some news and maybe we will hear in the next few days or possibly by the end of the month. It always seems to take ages when you are waiting for news. I suppose the main thing is that when it does arrive it is good news.
Atb,
Northern

after the Farm Out announcement and hopefully soon some news. The one thing I want to escape after suffering it for so long with Aminex is the big news followed by inaction. Hopefully there will be news soon followed by a plan as to where the company are heading and a fresh and more positive start for the company.
Atb,
Northern

I did the same last week and the same lumphammer - not as much as yourself but if you believe in what the company are doing and that they are worth a lot more than their current market cap then I cannot see any reason not too. As always dyor and all imho.
Atb,
Northern

Not good at knowing how to judge the future so. I'm hoping for a doubling to say 3p by year end and and could be anywhere - hopefully 10-15p with all the things that President are currently looking at by the end of 2021 - if not more.
Atb,
Northern

This is starting to sound like a policy that will work really well for President Energy especially with their new and close relationship with Trafigura and this is only one of the current strands President Energy are pushing forward on. Very exciting times.
Atb,
Northern

Hi NICODEMUS63,
I was shaking my head in disbelief last month but this month have actively bought more putting my money on what I think will be a great share in the next 3-6months and from then on it will only build and build. All imho and please dyor.
Atb,
Northern

Thanks fjones40,
Much appreciated update - I very much thought like you they were having a break then coming back with info about the companies they mentioned right at the end of Part1. Very excited now to hear what comes out of Part2!
Atb,
Northern

Even if it doesn't bring news day by day we are moving closer and closer to getting that news and like last week I hope that will mean more people buying the shares and pushing the share price up. Another week, this week like last will give us a good platform on which to build and once the initial results are in then presumably those experts who know a lot more about these things than myself will be able to provide a reassessment - presumably Davy will be one of those first ones on the list. Fingers crossed.
Atb,
Northern

Thanks fjones40,
Yes that was my interpretation too - I thought part to was coming right up and there might be a link for us to follow up - but haven't spotted it. Bit of a cliffhanger eh! It was great news next week and I was very excited - sent a few words into Aminex - to say well done re the Farm Out but please can we have a change now re news flow, maybe a presentation and possibly some time lines. Response I received was Mr Ambrose thanks you for the words of congratulations - he's very busy right now and re the news - as and when - which I suppose is fair enough but after such a long wait would be nice to have a change in atmosphere/approach on their side re news flow. So, very exciting week here' hoping for more to follow. Been busy this week so my head has been occupied but might have a wee drink this evening to celebrate!
GLA and
Atb,
Northern

Hi fjones40,
Caught the mention of Aminex and Sola right at the end of part one - but is there a link to part 2 or is that one yet to be discussed between, Doc and Malcy?
Atb,
Northern

I still believe that President Energy are doing all the right things. It's just for the market and other investors now to show and interest and I am sure the sp will quickly move up. Focus is currently on the drilling by the end of November but my gut feeling is there will be further news flow before then, though I cannot predict what. Great news yesterday re Argentina's national plan to incentivise gas production. Can only be good for President Energy imho. As always please DYOR.
Atb,
Northern

Thanks newtofo,
Much appreciate the explanation. Some news soon would add some more momentum to an already fast moving sp. Fingers crossed.
Atb,
Northern

Initial rates. Just had a quick look at the valuation below by Davy and is that a starter evaluation based on the first drill or the percentage they own. Looks a low evaluation if it relates to the 22% or do people think it is realistic?
Atb,
Northern

If the drill just announced is successful with the oil between 5-14m barrels then surely that will lead to a re-rating of the sp. Not too long to wait until the end of November and who knows what else is happening behind the scenes.
Atb,
Northern

Sincerely hope so Sambo12,
Would be a calamity if we didn't see progress now, after how long we've waited.
Atb,
Northern

the next few days I am just really, really hoping that we don't get the old Aminex behaviour of the past.
The behaviour in the past - especially reflected in the sp was that Aminex would provide some really big news(and after such a long wait it doesn't get much bigger than the Farm Out being announced. Following the big news though there was then a lack of news and the sp trended down and down and down - just have a look at the sp graph if you don't believe me.
Please, please Aminex let's see this as a new start learn from the past and let's have some positive news flow to keep the interest and momentum alive.
After the long wait they must have plans - lets see those plans get into action and the coming really start to perform now.
Atb,
Northern

message as to what resource Falcon Oil have with Origin and that it will not be too long now before, hopefully we get some news re initial production rates. Here's hoping that interest continues as we head towards those initial results - then the wait until the 60day production update.
Atb,
Northern

Must admire them for trying napthman1. They are certainly keeping busy in Argentina and seem to have a good team working there. If that's the case then presumably the top management are able to concentrate on all those things they are trying to move forward and this will keep the news flow coming - virtuous circle!
Atb,
Northern

I don't honestly think it will be another Dragon Oil - that was a bit of a set of special circumstances - every drill they did returned 3000bopd plus. It will be interesting to follow though and once they get some revenue in if we see some wise acquisitions could go a good bit higher. There are great resources in Tanzania and now the operatorship is with a good team hopefully there will be some good results here. Diversification should help spread the risk though as Aminex has a few times been described as being in a difficult position because of a lack of it. Time will tell. Hopefully by the middle of next year 3-4p?
Atb,
Northern