Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Should easily well exceed 3.5p on success at CH1. Don’t forget the size of the target, free carry and clear route to FFD.. we’re in good place for the next drill. Results should be excellent now ARA are in control of the drill !
Looks like things are going to move quickly now that the payoff - ahem, totally legitimate CGT claim - has been sorted. Hopefully progress is being made on the rig and crew, I wonder if Robbie has any info from on the ground ?
Nice ! Only a few more bags to go to break even ;-) GLA
Well, when you consider that Jay B was on a quite staggering basic salary of $387,000 in 2018 it kind of puts the options into perspective.. No doubt, the BOD of AEX get paid a small fortunate for what they do. Hopefully CH-1 can finally get the share price moving north again and see them earn their money and shareholders rewarded!
Things really do look like they are finally kicking back into gear after the licence extension. Should be a very interesting few months with lots of news and sign offs expected from the govt.. Now they’ve had their wheels greased with the CGT agreement, things should start moving at pace! Aside to the big prize at CH-1, we should have positive developments re KN1, Kili-south and Nyuni ... lots to look forward to!
Let’s not forget that the farm out agreement over Ruvuma, which can now finally complete following the licence extension, is projected to fully carry AEX through to material levels of cashflow - up to $40 MM pa (net to Aminex).. and this doesn’t take into account the possible upside from the Jurassic exploration, or any of our other assets - assuming we can now get these moving. It makes it easy to see why the current market cap of £26m grossly undervalues the company.
Yes Jacktrade, 7.5p after NT2 drill, with 75% not 25% after farmout. However, CH1 is a different animal, much larger targets and possibly oil in the untested deeper Jurassic exploration target! Plus, we’re now fully carried to FFD.. IMO a highly successful CH1 drill should see us surpass the share price for NT2..
Well I’m no trader so can’t really comment.. but selling at 0.65 and buying again say 0.5 or 0.45 doesn't really seem worth the hassle.. I’ve not sold any shares over the years and will be buying more if it stays here as I firmly believe CH1 will be a big success and always have..
Morning Crusty, I remember last time around before NT2 results that it took months to slowly rose above 2p pre drill results... let’s face it, whilst the licence news is excellent, we still don’t even have a drill date.. once we get closer to a drill date and the actual results this will no doubt start to move..
A long way to go from here to begin to reflect true value .. hoping this rise keeps going for a while before news.
Yes, no real movement at AEX, so possibly another deal being put together?
Hope all are well and safe.
Killerwhale, totally agree. If the govt don’t act soon then this could ruin their country for years as outside investment will walk. Let’s hope they recognise the fact that this corona crisis should mean they expedite the PSA’s and our licence rather than more delays ! Good luck all. Keep well and we will get through this difficult time.