Member Info for prosciutto

Weekly highlights

"Maybe we could look at Nyuni again once we have some £££££££ banked from CH1Maybe we could look at Nyuni again once we have some £££££££ banked from CH1" 1. Alcapone1

Some people learn from their mistakes, and others don’t, so history is bound to repeat itself. Two disasters have struck Nyuni Island and two more on Kiliwani. Still, this might actually please the local AI promoter, who could then boast that the loss carry-forward doubled from $150 million to $300 million.

" ... should be tied in before the end of the year up to 280 scuffs anticipated." 1. RogerJolly

Cough, cough. Yeah sure, through a supposed pipeline with max capacity of 140 MMscf/d.

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Concerns: Don't anticipate an easy go of it with respect to ...

Corporate tax and VAT

Additional profits tax

Profit Gas payments

Regulatory payments

Several financial indicators point to instability

No revenue and persistent losses

Cash burn with limited liquidity

Shareholder dilution over time

Negative margins (gross, operating, and net)

Falling cash reserves

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" If anything can go wrong, it will." 1. Edward Murphy

Weekly highlights

" Any concern being whipped up is premature" 1. RogerJolly

Being premature for over two decades is a long stretch. Even if NT-2 eventually starts producing 17 MMscf/d this decade, which translates to about 4 MMscf/d for Aminex, there are bigger concerns to address. If Orca Energy Group struggled at 120 MMscf/d, what makes it likely that Aminex will succeed with just 4 MMscf/d?

You also have to consider the risk of getting fully paid or being paid in USD. Orca Energy Group had outstanding amounts totaling US $104,164,507.41 as of January 9, 2025. They agreed to settle for US $52 million, with the Company keeping about $35.5 million and TPDC receiving the rest.

" “exploration” to economic leverage" Prospero26

Correct ... these wells are still considered "exploration" wells. No reasonable, competent person would classify them as 'development' wells, which is likely why there hasn’t been an updated CPR since 2018. That’s no coincidence—that’s triangulation. One drill, one negative result, and one massive downward repricing.

" if you do spot anything that needs to be updated" 1. Ufufuo

The 2018 CPR

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" Predicting is always difficult

Especially about the future" 1. Neils Bohr

Weekly highlights

" LNG on the way ... 2026 the year??? " 1. Alcapone1

The deep offshore gas is in play here, but Aminex is in no position financially to get involved. Tanzania’s $42 billion LNG project with Shell, Equinor, and ExxonMobil was expected to have agreements finalized by now, but that hasn’t happened. These companies might be reconsidering as they watch how the parastatals handle contract agreements with Orca Energy Group. Phrases like “breach of contract” can make them hesitant to sign anything with Tanzania.

" ... plans to rehabilitate the Ntorya 1 well and conduct testing of the Ntorya 2 well. Both wells are expected to be production wells ... 1. Ufufuo quoting

Expected ??? There’s no guarantee of this, as neither was initially an extended well test that could offer any real sense of assurance.

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Idleness appears pervasive.

" Loyalty to petrified opinion never broke a chain or freed a human soul." 1. Mark Twain

Weekly highlights

"Nobody can deny it has taken longer than we all expected but as sure as eggs is eggs, it's about to happen now." 1.RogerJolly

Don’t put all your eggs in one basket—those eggs are fragile. Orca Energy Group has been in Tanzania for over twenty years, producing up to 120 MMscf/d, yet they have little to show for it. Hitting 120 MMscf/d for Orca would be like Aminex needing 480 MMscf/d—good luck with that.

" Tullow " Ufufuo

Likonde -1, just North of Nt-1, was plugged and abandoned in Tanzania.

" Pan Ocean " Ufufuo

PanOcean thrived in Gabon with its oil ventures, but its offshoot, Orca Energy Group—a gas producer in Tanzania—is facing mounting challenges and is slowly being strangled by numerous and deliberately created blockages. Tanzania wants gas for free. It is no longer economic to do business in Tanzania and Orca Energy Group has reduced its capex by 98%. Nothing comes easy in Tanzania as Aminex has found out for the last two decades.

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Concerns

1. Negative ESG impact

2. Throw any 'imminent' schedules out the window

3. Expect arbitration to be handled locally with local influence

4. Expect profits to be taxed excessively

5. Expect never ending disputes with multiple layers of bureaucracy

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Read the Aminex Presentation

Now read Prospero26 ... identical phrasing.

Don't be fooled by a paid promoter.

Remember, you were fooled by TipTop and you ignored Mick2020's warnings at 5p.

" You can fool all of the people some of the time, you can even fool some of the people all the time, but you can't fool all of the people all the time. " 1. Abraham Lincoln

Weekly highlights

" Aminex holds over $115 million in unspent tax losses," 1. Ufufuo

Yes, a commendable achievement. They are extremely proficient at losing money. Should you view this with pride? Two drills on Nyuni Island and two drills on Kiliwani ... four disasters in a row. Why not move back into Kiliwani and double that commendable loss? The magnitude of the tax loss carry forward will be enviable. Fool me once, shame on you. Fool me twice, shame on me.

Concerns

1. A signed contract could be ignored.

2. Broken promises.

3. No CPR ... you have to ask yourself why not?

4. Political risks

5. Minority control

6. Partial payment

7. Late payment

8. No payment

9. Disputed payment

10. Payment in Tanzanian shilling

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Many have endured multiple years of suffering with this company, but

" Wisdom comes only through suffering " 1. Aeschylus

Weekly highlights

" There will be buying in the new year thats for sure " 1. RogerJolly

For every buyer, there is a seller and that's for sure.

" 1 TCF in Tanzania is worth 4.2 billion dollars " 1. Alcapone1

Nonsense. They don't even have one cubic foot of 1P reserves.

" News imenent?" 1. Watchouse

'Imminent' seems to be getting a bit overused.

" So, they are potentially about to lose ~70mmscf/d from Orca " Ufufuo

They won’t shut down two gas processing plants with capacity of 250 MMscf/d. TPDC will likely take it over. They’ve already pushed out Scirocco and Wentworth, and now they’re working on debilitating Orca. Aminex is next in line. Raising more cash is coming, we'll see what form it takes.

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Concerns

1. No rig on site yet. 

2. Election turmoil causing instability.

3. Excessive G&A for what they do ... very little.

4. Nyuni ... this will probably take over a decade

5. Nyuni ...Deep offshore operations are just way too expensive.

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Aminex exhibits a life of quiet desperation whilst the clock counts down and investors' " lost opportunity " costs continue to soar.

What has Aminex contributed to in the past? .... not a thing.

What is Aminex contributing to in the present? ... not a thing.

What influence does Aminex contribute to in the future? ... not a thing.

So, why does it exist?

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What real purpose does Aminex serve other than to absorb more money from gullible investors?

" And nothing to look backward to with pride;

And nothing to look forward to with hope" 1. Robert Frost

Weekly highlights

" Natural gas blasts through $5.24" 1. Ufufuo

Irrelevant, the gas is contracted at a much lower price assuming you get paid at all. Orca Energy Group had unpaid amounts that totaled US $104,164,507.41 as of January 9, 2025. There is no guarantee either that you'll be paid in USD.

" It is now a question of sequencing into CH-1." 1. Prospero26

This has been sequenced since 2018.

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Concerns

1. Shell, Equinor, ExxonMobil $42 B LNG plant ... a long, long way off ... deep offshore gas.

2. Nt-1, Nt-2 ... no extended well test.

3. No pipeline to Madimba built

4. TPDC ... monies upfront for a back-in highly unlikely

5. Hopelessly reliant on the goodwill of others.

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Tanzania’s $42 billion LNG project with Shell, Equinor, and ExxonMobil was expected to have agreements wrapped up by now bit they haven't been. This involves deep offshore gas, but the companies may be having second thoughts as they closely watch how the parastatals manage the contract agreements with Orca Energy Group. Expressions such as " breach of contract " tend to make them wary of signing a contract with Tanzania.

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Most here have been underwater for nearly two decades.

" I was much further out than you thought

And not waving but drowning" 1. Stevie Smith

Weekly highlights

" ... ARA could (and possibly have) decided to do nothing for now, let the sp keep on dropping, and collect their winnings, which will be the remainder of the AEX stock for buttons, and take it private once the pipeline is complete." 1. BritishPetroleum

Quite possible.

" ... So, I agree that Aminex may be used to share risk and that there may be future farmouts ... " 1. Ufufuo

They’ll likely focus on sequential placements instead, since squeezing value from unsuspecting Aminex shareholders would be much less hassle and could even strengthen ARA’s control. One must be apoplectic with rage at the slow pace here.

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Issues to be concerned about.

1. Highly unlikely to find a partner for Kiliwani.

2. Tax claims yet to be resolved

3. Highly unlikely to find commercial oil

4. $US Currency issue

5. CH-1, Nt-1 pushed back ... no guarantees on either

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This lame duck hasn't gone anywhere fast for the last umpteen years. If this management team were to be replaced by the janitor, would anyone even notice? These folks would likely do much better searching for some Ambergris.

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How many 'tomorrows' have you already wasted on this piece of junk?

" Tomorrow, and tomorrow, and tomorrow.

Creeps in this petty pace from day to day,

To the last syllable of recorded time. " 1. Shakespeare, Macbeth 

Weekly highlights

" I don't see gas as being any "cleaner" than hydro; arguably less so." Crusty Pete

Much, much less so.

" Come off it!

Hydroelectric is far cleaner than gas!

It doesn't involve burning a fossil fuel! " 1. Professor RoJo

Natural gas .. perpetual carbon emissions.

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The macroeconomic trend of challenges facing gas producers is evident, such as...

" Given the increasing uncertainty relating to the License extension, the assessment of the long-term sustainability of the Company’s business in Tanzania has been very significantly and negatively impacted. The combined effect of the GoT's actions and inactions, together with the proliferation of unfounded commercial disputes, has materially reduced confidence in the stability of the operating framework for the Songo Songo project and its long-term prospects. While domestic demand for natural gas remains strong, the Company’s ability to invest in development initiatives to sustain current demand and meet incremental demand is contingent on securing an extension of the Licence on commercially acceptable terms, within a predictable legal and regulatory environment, and achieving satisfactory resolution of the governmental and commercial disputes currently affecting the Company’s operations in Tanzania." 1. Orca Energy Group

This is the point where long-term value stories begin to fall apart. The parastatal politics are in chaos, and their strategy is losing steam. The gas still hasn’t found a pipeline, and after years of waiting for the final operational trigger, it now seems likely to be delayed again, with Aminex collapsing into something resembling a ‘Scirocco’ look-alike.

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" There is less in this than meets the eye" 1. Tallulah Bankhead

Weekly highlights

" Unfortunately, as has been witnessed through nearly 10 years now ...tpdc and Tanzania definition of speed is widely different to that of the definition of speed Distance/time " 1. Alcapone1

A bit of an understatement.

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Concerns

1. Julius Nyerere Hydropower Project diminishing the need for gas.

2.. Aminex has no say over anything. It has no independence.

3. Aminex has no sway over anything.

4. Aminex has no cash flow.

5. Aminex has a Negative Working Capital and is becoming more negative every day.

6. Being financially distressed, it will be difficult to avoid yet another capital raise.

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Is Aminex a mistake?

"It is the true nature of mankind to learn from mistakes, not from example. " Fred Hoyle

Weekly highlights

Unfortunately, last week's posting went missing. 

"We know there's been some trouble following the recent elections in Tanzania, but that's not so unusual in Africa" 1. mcco

It is unusual for Tanzania. You had best hope this carcinoma isn't malignant.

" How do you spell dog?

A M I N E X" 1. RoJo

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No new CPR since 2018... what are they afraid of?

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How much time have you wasted on this?

" I wasted time, and now doth time waste me" 1. Shakespeare

Weekly highlights

" Both prosciutto and myself have posted more than once that additional finance likely achieved by an equity raise was inevitable " 1. RoJo

Mais oui ... many times. You weren't asked to solve a set of second order non-linear differential equations but rather, look at the simple arithmetic of the balance sheet.

" We are being manipulated" 1. RogerJolly

The thing is, it's not over yet because they are still mired in a financial quandary. They are hanging on by their fingernails and now events are becoming turbulent in Tanzania. Hassan was declared the winner by a landslide in an election overshadowed by violence and deadly protests stemming from the exclusion of the president's main challengers. There is credible evidence of a significant number of deaths.

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Highlights from the past

" It has stood up well ... " 1. RogerJolly

It's all about recognizing risk, lack of visibility and perpetual delays. The singular defining characteristic of Aminex lies in its unparalleled status as a multi-decade embodiment of a massive disappointment.

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Why does Aminex even have a management team? What exactly do they manage?

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" If you would be a real seeker after truth, you must at least once in your life doubt, as far as possible, all things" 1. Descartes

Scirocco first

Wentworth next

Now Orca Energy Group

" The three claims (the “Claims”) arise out of a series of actions and omissions by Tanzania and TPDC that threaten the viability of the Songo Songo Gas-to-Electricity Project (the “Project”) and breach multiple obligations under the BIT, the PSA and the GA. These breaches include:

• Failing to extend the Songo Songo Development Licence (the “Licence”): In April 2023, PAET formally requested that TPDC apply for an extension of the Licence, which is set to expire on 10 October 2026. TPDC is contractually required to make such application upon a request from the Company. TPDC failed to submit the application in a timely manner. When it eventually did so in late November 2024, it acted unilaterally — without consulting PAEM or PAET — and proposed terms that would render the Project commercially unviable. Since then, Tanzania has refused to engage in any substantive dialogue on the status or terms of the application. These actions are a coordinated effort to pressure the Company to exit the Project.

• Forcing continuation of the Protected Gas regime: Protected Gas, as defined in the PSA, was owned by TPDC and sold to Songas and Tanzania Portland Cement PLC until July 31, 2024. Following July 31, 2024 Protected Gas ceased and all production from the Songo Songo Gas Field constituted Additional Gas (as defined in the PSA), which PAET and TPDC are entitled to sell on commercial terms until the expiry of the PSA in October 2026. Contrary to the express terms of the PSA and the GA, TPDC — under the direction of the GoT — imposed the continued application of the Protected Gas regime on the Project, undermining the commercial balance agreed in the Project agreements.

• Failing to pay royalties: TPDC has failed to pay royalties owing under the Project’s contractual framework, which it was required to do, and has instead attempted to compel PAET to cover these unpaid obligations, in direct violation of the PSA and the GA.

• Broader pattern of harassment: On an ongoing basis, various Tanzanian state agencies have subjected PAET to regulatory and administrative pressures and harassment, further eroding the stability and security of the investment environment for the Project, PAEM and PAET. " 1. Orca Energy Group

Next up is Aminex. With just one more orchestrated delay, this fragile, poverty-stricken structure could collapse entirely into the hands of TPDC and Eclipse.

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"All that we see or seem

Is but a dream within a dream" 1. Edgar Allan Poe

"Where on earth is prospero 26 hiding?" 1. Professor RoJo

The stock price was pushed up, allowing the Unknown blocks to establish their short positions. Now, the push up has turned into a pull-down, and the Unknown blocks will reappear to cover their short positions here or preferably, at a lower level. The lower it drops, the more profit they gain. Any promoter must stay under the radar during this period in order to maximize the down-side profit.

Time and again, several posters have assured you that they had enough funds. Yet, a glance at the balance sheet, by any elementary accounting student, would have quickly revealed that this was not the case. Even now, the company is still in a financial pickle.

What you have here is twenty-two years of destruction of capital, hopelessness, desperation and accumulated opportunity costs.

It's baffling why they want this 'shell' equivalent to continue to exist.

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" There is less in this than meets the eye" 1. Tallulah Bankhead

What purpose does this company have beyond acting as a means for financial maneuvers such as what was just witnessed with the recent placement?

Highlights of the week

" One thing is now, surely, clear; there will be no CH1 spud in December or January - not unless ARA can persuade M&P to lend them their rig...." CrustyPete

The only certainty about Aminex is that nothing is certain. No one should have been surprised with this recent placement. There’s a good chance there will be yet another placement, as this anemic company is barely scrapping by.

" Ntorya is now mapped to deliver 280 MMcfd — " Prospero26

They'll need yet another pipeline. How long will that take?

" The government itself is screaming urgency for gas ... " 1. Prospero26

Nonsense, Orca has two pipelines ready, two gas processing plants ready, an underutilized Power Plant ready and lots of prospective gas but the Gov't is demonstrating no urgency here. ....

" Failing to extend the Songo Songo Development Licence (the “Licence”): In April 2023, PAET formally requested that TPDC apply for an extension of the Licence, which is set to expire on 10 October 2026. TPDC is contractually required to make such application upon a request from the Company. TPDC failed to submit the application in a timely manner. When it eventually did so in late November 2024, it acted unilaterally — without consulting PAEM or PAET — and proposed terms that would render the Project commercially unviable. Since then, Tanzania has refused to engage in any substantive dialogue on the status or terms of the application. These actions are a coordinated effort to pressure the Company to exit the Project. " 1. Orca Energy

Over 21 years they have supplied over 615 BCF of gas whilst producing 78.6 MMscf/d and yet, the company is struggling. This particular co-venturer had unpaid amounts that totaled $104,164,507.41 as of January 9, 2025. How do they get away with not paying the full amount for the gas? ... because they can.

Orca supplies Power Gas and Compressed Natural Gas but, the most impressive sector is the high growth Industrial Gas sector. They have a 50km low pressure distribution system constructed and operated by the Company in the city of Dar es Salaam. They currently have 50 industrial customers connected and there are ongoing negotiations with several others. The continuous expansion of the ring main distribution system, targeting industrial customers, implies growth. The SongoSongo gas valves will not be turned off Oct 11, 2026. Two gas processing plants, one Power Plant and over 50 Industial customers will not be left stranded

Scirocco was pushed out, Wentworth was pushed out, and now Orca is on the verge of being pushed out. What would happen to Aminex if there is yet another delay of this "imminent"? Aminex would melt as quickly as a snowball in the Serengeti, pushed straight into the arms of TPDC and Eclipse.

The market isn’t valuing the ample risk of this company.

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" Neither a borrower nor a lender be." 1. Shakespeare, Hamlet I, iii.

Highlights of the week

"Orca Energy Group's Dividend Doesn't Look Sustainable" StockCheque quoting some nonsense article.

" Yesterday, this co-venturer declared a $1.00 /sh special dividend. They'll likely drain their accounts and depart from Tanzania by Oct 10th, 2026. Trying to do business in Tanzania, after 21 years of faithful service, hasn't gotten them anywhere. Aminex is next in line to become the fourth victim! " 1. prosciutto Sept 24th, 2025

The $1.00 /sh special dividend is payable this next Monday. This is on top of the $0.40 Annual dividend.

" if they [Orca] chose to sell (or merge) with a tz-friendly management team, their prospects would turn around quickly.

i suspect they're giving up, which is why their draining their excess balance sheet cash. producing assets will be there for the taking." 1. Vike

re: "giving up"

No, not giving up but rather, being forced out. TPDC has, so far, failed to apply for the license extension beyond Oct 10th, 2026.

re: Orca

This is an 'Estate' situation, and the beneficiaries of the 'Estate' probably want it wrapped up. It would be wise for ARA and TPDC to step in and make a deal before October 10th, 2026. There's no point in mentioning Aminex, as Aminex is irrelevant to this process. Pretty boy Aminex may have charm, but it doesn't bring anything to the table when it comes to financing capability or technical expertise. There is plenty of prospective gas left in the SongoSongo area along with two hungry gas processing plants and one underutilized Power Plant.

Orca supplies Power Gas and Compressed Natural Gas but, the most impressive and essential sector is the high growth Industrial Gas sector. They have a 50km low pressure distribution system constructed and operated by the Company in the city of Dar es Salaam. They currently have 50 industrial customers connected and there are ongoing negotiations with several others. The continuous expansion of the ring main distribution system, targeting industrial customers, would fit in nicely for Aminex / ARA/ TPDC.

Unfortunately, neither ARA nor TPDC are listed on any exchange. To raise monies, the only solution would be to somehow incorporate the frame of the Aminex listing into this buy-out arrangement but that would result in a crippling dilution for Aminex. Eclipse might lend them even more money. On the other hand, Eclipse might also refuse or may even call in the current 'loan' which would be devastating for Aminex.

* Tanzania urgently needs to find a way of covering the ~80mmscf/d that Orca has been able to produce in the past." 1. Ufufuo

Schadenfreude.

The gas valves will not be turned off Oct 11, 2026. Two gas processing plants, one Power Plant and over 50 Industial customers will not be left stranded or there would be blood in the streets.

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" Here's the smell of the blood still. All the perfumes of Arabia will not sweeten this little hand" 1. Shakespeare Macbeth, V,

Highlights of the week

" CH-1 timing is getting very close." Prospero26

It was also very close in 2018 ...

" ... that a gas development project at Ntorya could be viable with three wells, two of which have already been drilled and a third (Ntorya-3) is scheduled for drilling this year." Feb 5, 2018 RPS CPR

" The derampers will spin, but the truth is obvious ....." Prospero26

Here is a taste of the obvious truth. Can you handle the truth?

A co-venturer at SongoSongo has been active over 21 years and has nothing to show for it. They have supplied over 615 BCF of gas ... that's 615 Billion cubic feet. They currently produce 78.6 MMscf/d and yet, the company is struggling. Producing the gas is one thing, but expecting to make a stellar profit is an entirely different matter. This particular co-venturer had unpaid amounts that totaled $104,164,507.41 as of January 9, 2025. How do they get away with not paying the full amount for the gas? ... because they can.

Yesterday, this co-venturer declared a $1.00 /sh dividend. They'll likely drain their accounts and depart from Tanzania by Oct 2026. Trying to do business in Tanzania, after 21 years of faithful service, hasn't gotten them anywhere. Aminex is next in line to become the fourth victim!

" the pieces are all falling into place .. " Prospero26

Don't get 'TipTop' ed

No one knows when the foreign exchange reserve deficiency in Tanzania will be remedied. Considering the recent actions of the orange plonker, it may never be remedied.

" . The PAET PSA structure is not only dated and unusually punitive, but also burdened by the “protected gas” clause that forces them to give away a significant share of production for free," 1. Prospero26

A constant stream of misinformation ... jotting down random nonsense and expecting everyone to believe it. The 'Protected Gas' delivery obligation ceased after July 31, 2024, but they continue to DEMAND the right to purchase this 'Protected Gas' at the "cost" price. It was never given away for free.

Ask Wentworth, ask Scirocco, ask PAET/PAEM about the difficulty of doing business in Tanzania.

" .... If the boat sinks .... " 1. Tanzania

It won't be ARA's boat that sinks. Orchestrated or not, there may be yet another delay. With a negative working capital this could precipitate the FULL collapse of Aminex into ARA's / TPDC's lap and they, acting as the salvage operators, would be quite pleased with that scenario. Eclipse need only call in the Loan.

" chances are, such fundraising activities will be executed using equity, exposing shareholders to potentially significant dilution risk. " 1. Motley Fool

Agreed! Expect a hired promoter to emerge, unofficial or otherwise. The stock price must first increase for the shorts to secure their position prior to a placement.

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" Rather than love, than money, than fame, give me truth". 1. Henry David Thoreau

Highlights of the week

" Aminex isn't constructing anything, the operator is." 1. StockCheque

Aminex doesn’t DO anything, plain and simple.

" Aminex plans to revisit the Kiliwani project, possibly running a small 3D seismic campaign" 1. StockCheque quoting someone

You saw how well the 3D seismic went for the co-venturer at SongoSongo ... a disaster.

" and to renegotiate the work programme for the Nyuni Area licence to make it more commercially viable." 1. StockCheque quoting someone

They've had nothing but bad luck with Nyuni. While the deep offshore seems intriguing, it's entirely beyond their capabilities.

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Let the noise of the triple rose-tinted glasses fade away. The facts are simple ... nothing ever gets completed on time. Whatever timeline you think it will take to achieve cash flow... just extend it.

Aminex is plunging further into a financial abyss of mounting debt. First gas is now pushed back to mid 2026 ... maybe. Can they stretch it out without a placement? Don't get your hopes up.

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Highlights of the week

" Are we the most prepared and ready o&g company on earth?" 1. Tanzania

The company doesn’t need to prepare for anything Tanz simply because it doesn’t do anything. It has no input, no influence, and no voice.

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" ... that a gas development project at Ntorya could be viable with three wells, two of which have already been drilled and a third (Ntorya-3) is scheduled for drilling this year." Feb 5, 2018 RPS CPR

Not so ... and four years later ...

" The board of Aminex has taken the strategic decision to seek funds at this stage to meet all of its forecasted running costs (before contingent liabilities) to the end of 2024, when first gas has been targeted by the operator of the Ruvuma PSA, ARA Petroleum Tanzania Limited ("APT") " April 2022

Not so ... and two years later, a $3 million loan shows up, but it’s still not enough. Just look at the burn rate!

" Aminex, the oil and gas exploration and development company focused on Tanzania is pleased to announce that it has agreed to a lending facility with its largest shareholder, Eclipse Investments LLC ( Eclipse) ...." April 29th, 2024.

One should be very concerned about the clause that reads .. " Eclipse can demand repayment " of the loan.

This fragile company could easily collapse with a simple demand from Eclipse to repay the loan. Without an equity raise, Aminex lives a life of desperation, hoping Eclipse doesn't pull the trigger and take over the entire company for a song ... a good business decision from the Eclipse point of view. Eclipse could very easily muscle out the Aminex shareholder.

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" Hope is a waking dream" 1. Aristotle