Member Info for sharehead

BG - I kinda knew that really 😀

Here’s my general summary as to why we are on the road to multi bag imo

Gas sales agreement signed: Aminex signed a gas sales agreement with the Tanzanian authorities. This is clearly a BIG step forward because it establishes a framework for selling the gas that will be produced from the project. Always good to have a BUYer lined up ready.

Development Licence progress: The company anticipates receiving final written approval for the Development Licence VERY soon.

Once received we can proceed with drilling the Chikumbi-1 well and working on other development activities.

3D seismic data processing completed: The full processing of the 3D seismic data has been completed, which is essential for identifying potential drilling locations. This resulted in a MAJOR resource upgrade.

New well location identified: A new and improved well location for the Chikumbi-1 well has been identified based on the 3D seismic data analysis. This suggests increased confidence the best location has been chosen now.

Government support: The Tanzanian authorities are reported to be prioritizing the project and supporting its accelerated development, including facilitating faster pipeline construction.

Imo

I fully grasp the situation Rojo

It’s a major multi bagger waiting to happen imo

What I don’t grasp is your purpose here ?

Not that I’m overly interested tbh

Atb

Another excellent contribution from mr crow imo

😂

I guess some here just post that there’s no point investing in an undervalued company with a world class resource a GSA signed a pipeline to existing facilities, cash in the bank and a free carry because why would the sp for such a company multi bag…..

Hmmmm

Imo

Could get squeezed imo

Massive increase in resources here - world class resource

GSA - signed

A pipeline will connect to existing facilities

Development agreement due

This should already be multiples of today’s sp imo - with a potential target range of anything from 6p to 20p

Lots of O&G companies without revenues significantly higher mcap’s

Excellent opportunity imo

So what you’re saying is they increased the short by selling more shares in an attempt to push the sp back below 20p - it didn’t succeed and now they have played their hand and will have to BUY them back & pretty quickly if the update is ok so as not to get squeezed

That about sum it up ?

Imo

Again Crusty - while I accept that there is logic to what you say - there are numerous companies that don’t have all these factors in place that have seen their sp’s rise to multiples of ours.

We can also see a route to the end goal now too - yes it’s again a bit delayed I agree but it’s there non the less

Imo

Any time 😂

It wasn’t long ago even AM was crowing about snapping up Broomtrees shares when he got himself stopped out 🙄

Kipster Capita are up 11% in the last week with plenty more to come imo.

I believe Capita can multi bag which is more than I can say for itv

IMHO

Because Crusty it’s been an iterative development

Yes, currently no revenue- but also no real expenditure, cash in the bank and a free carry

Why didn’t the sp double or triple immediately- because it just doesn’t- it goes up when least expected or slowly over time. If it were that easy we would all be billionaires

Unfortunately patience is part of it - and yes you can tell me all about patience- but I too have been here for many years

The fact is key matters are now falling into place

GSA - signed

Resources- proved up and then massively upgraded

Pipeline- slow progress but connecting to existing facilities- which is a massive plus

Development agreement- due

I’ll look forward to progressive gains and rewards- you can take whatever view you wish

Atb

Imo

Market disagrees

So funny

Wheeling out that old line are we

We’re just at the start of the rerate here

Imo

Yeah, up 11% in the last 5 days, converting new £220 million pound contract, growing revenues

Terrible

Lols

Some really desperate people here

Imo

Not really true I don’t think

There’s lots of shares in oil and gas and gold with no revenue and higher mcaps

What it shows is that the resource is major

How many other shares have a potential 2000% upside with a resources that are known and increasing significantly ??

Yes it’s taken awhile to get to where we are - we are all aware of that

But things are definitely coming together imo and we keep seeing the evidence of this

If it takes a period of another 18 months for a progressive rerate of say upto 20p then that’s going to be quite an enjoyable period

Imo

The new volumetric studies result in a total updated unrisked GIIP volume for the Mtwara Licence of 16.38 Tcf.

Nice 👍

I’ve held here for years as I agree 4p to 20p is worth the wait. The massive resource upgrade makes me more confident in the higher end of your range

Imo