Member Info for steve58

Even a cove type valuation at half the value would be a sizeable amount.

Intereating times ahead.

Cove deal.

Now wouldn't that be something.

I suppose we should keep aminex in the picture of anything was to happen. A couple of interested parties in our Ruvuma stake it seems already. I think the management team at cove set up a new venture from their share proceeds. Maybe Mr fitzpatrick is still in touch with them.

Directors and former directors now holding 10% of the company's shares. This should give them more incentive to return as much as possible in dividends and increase shareholder value.

I’m sure nr had quite a lot to do with the two recent appointments. I do believe he worked with one of them at bp.

I think nr’s promise of monetisation will happen if not sooner with the new people at the helm.

Right there.

The bod have made some mistakes.

However all the assets we hold imo will be very profitable.

Any one of them alone we are looking at many times our current market value.

With the new bod and Neil going back to what he does best looking
better than ever here.

Rather have your figure of 25p.

I need about 15p to break even.

I think at 20p many of us would have sold.

Not long to wait. Only 115 million pounds offer for the company required. Petty cash to an oil/gas major.

Was mentioned that more than one interested party in our Ruvuma stake. That would take care of most of that figure.

Must be getting fairly boring for the aminex board. The Zubairs taking full control soon.

They have little else to fall back on.

The kn1 and rig situation is not good.

We have had a long relationship with aminex but seems not a very good one as far as communications go.

I get the impression the new board are far from happy with things and will monetise Ruvuma at the earliest opportunity.

Looks now as if some will be monetised and a percentage kept to development at least.

But anything’s possible. A complete exit from Ruvuma still possible if the right offer materialises and of course a return to shareholders.

Watch this space.

I reckon Neil may burst into song with his version of my way.

Neil’s certainly going out with a bang.

Probably planned weeks ago.

More dilution although an open offer as well.

Would have liked a larger allocation to shareholders in the open offer.

Not sure what money is for if Horse Hill and Ruvuma drilling costs are excluded.

Correct me if I’ve read it wrong.

Looking good for next week.

Horse hill results so far exceeding previous test in 2016.

Helium one gearing up for drilling.

Ruvuma definitely an all out sale imo.

Early monetisation of assets and return to shareholders.

Last weeks Rns said enough for me to take this view.

So looking at the future maybe a complete or almost complete sale would be the best option.

Of course we would have to start the bidding at least 50 million pounds to make it worthwhile to shareholders.

Could be the prospect of up to 35 million dollars cost to Ruvuma production. Although the prospect of a 25% share of 140mcf a day is very tempting to us and to any prospective buyer of our stake.

Looks good to me.

Should go nice with chips.

So 150 million to have 50% of at least 4tcf of gas.

I know what I would do.

Will be interesting if aminex sp falls a lot further.

Maybe shareholders will not vote for the zubars farm in.

Come on Neil raise 70 million and buy them out.

We then have 50% of Ruvuma.

Interesting thought.