Member Info for TarryBreeks

Can you point out any factual errors in my last post Drewky or are you only able to throw insults and insinuations?

I would say, until the farm-out is concluded, right now Aminex is a hold if you are already invested or a punt, and I don't say that flippantly, if you're not.

I hope things work out but the longer this goes on the less confident I am.

We currently have no Matwara license, no production at KN1, no money, no income, no date for a drill, no idea of when the farm-out might conclude, no idea IF we'll get a Matwara license extension or when, no development license, high overheads and poor communication from the BOD. We also have license obligations at Nyuni which at the moment we can't fund and the elephant in the room is that we're in a financial dispute with the organisation who will/may issue the license we so desperately need.

The only thing holding the sp up IMO is sentiment and that is eroding.

You can dress it up any way you like Tanzania but the fact is if you look objectively at our current position it's really not great. The 4th of January we're voting on a farm-out most-likely without a license extension to Mtatwara which will be a condition of the farm-out. A bit like England voting for Brexit on the basis of what it said on the side of a bus.

Of course I'm sure you won't attribute any of this to the extremely well paid Bhattacherjee.

Wait ... are you suggesting that a statement/rns/interview from Aminex was ambiguous Jodo?

Surely not ;)

You'll maybe find this hard to believe but in most parts of my life I'm an optimist ;)

Only need another 55% rise from here until we get to the levels we say before the 'transformational' farm-out was announced.

Why would the Zubair Corporation entertain that idea Hallowed; much more likely they would just buy Solo out directly if that was their intention. Why would they lend Aminex anything - they won't even pay more than a miserly $5m in cash as part of our own farm-out agreement.

I will if the RNS says "there have been oils shows at the surface" with no other information. Remediation of Kiliwani requires some form of intervention: re-perforation or a compressor otherwise we're just back where we started and without resolving the dispute with TPDC we won't even be paid for any gas that is produced. Ridiculous is taken so long to get to this point.

Let's strike oil first and then we can argue about the colour.

1.34p might start looking expensive the way things are going.

Thanks Cornish I had a feeling it probably wouldn't be an issue but when you can't put up a bird feeder without neighbours getting in a flap (no pun intended) a mine is another story. Good to know it's just par for the course.

I quite agree, terrible deal but we're backed into a corner with our trousers down and our CEO has told us there were no other viable options. We're being strangled by the machinations of government in the country where the asset we have discovered sits. I'll also remind you that Zubair Corporation own 30% of Aminex.

It's taken us 2 years to get to this point having achieved little since the results of NT2 with zero income and running on cash fumes I think brinkmanship at this stage would be madness.

The BOD have been outmanoeuvred, outwitted and whether or not they are complicit is, at this stage, irrelevant.

Really interesting presentation - thanks for posting trout. One thing that I don't think I was aware of is the position of the SVS in relation to Kelly Bray and there is a nice overlay on the presentation.

Now I know we're not talking about tunneling just under the surface below these properties given the depths involved but I'd be interested to know how a mine might look and work given the proximity to Kelly Bray. I'm guessing we're not going to dig a hole an chuck some dynamite down it .... or are we ;)

I'm not sure that is in the best interests of anyone Mr Burns.

I would absolutely, wholeheartedly and vigorously support a significant reduction in overheads from a BOD who seem to be doing little other than re-hashing existing information and waiting for government approval.

In terms of trying to crush the share price don't forget that Bhattacherjee holds a huge number of shares along with other members of the BOD and Majadee; despite the current shareprice they are unlikely to want to write that off.

That said I cannot see why we have had to wait for 6 months to hold the EGM if it was always going to take place before the Mtwara license or even if there was a possibility it would do WHY have we had to wait 6 months only to hold it without a license extension.

The delay in EGM alone speaks volumes about the incompetence at worst or naivety at best by our overpaid BOD - we have unnecessarily waited 6 months and watched the share price half in that time with zero tangible benefit.

Me facetious? No sir, just a dash of festive persiflage topped off with a soupçon of pasquinade :)

10 days until the government recess which, if the Mtwara licence extension is coming before the EGM is the important date.

Let's hope we find out what happens if we hit all zones. Any way you cook it the sp should be well north of 7.25p if we do hit all zones; I think we can all agree on that.

How do you feel about a substantial number of nice buyers with cash to spare?

I believe the vernacular is "abandon ship" Viking and no I haven't. The geology is the only thing keeping me here, certainly not the hapless BOD nor the interminable delays.

Well Cornish, I only have one thing to say to that: 🎵 Oh I wish it could be Christmas every day... 🎵 ;)

I think we've all come to learn with Aminex that unless an RNS is explicit: it didn't happen. Even when an RNS/interview/statement is explicit it also probably didn't/won't happen either: - EGM in September/November (now January). - NT3 back to back with NT2 (now 2 years apart). - Great relationship with the Tanzanian Government (still in dispute). - Kiliwani remediation 'underway' in September '18 (simple valve changed in December 18). - Debt free gas producer on the Aminex website (haven't produced anything for over a year). - CH1 spud q4 2018 (now H2 2019) - 'transformational' farm-out to accelerate development (already 6 months behind schedule) So gas show at the surface could mean anything and I suspect that's the idea. Keep us guessing and optimistic only to dash our hopes against the rocks with their cold black hearts. Innocent until proven guilty in a court of law. However with Aminex unfortunately it's more a case of incompetent until proven competent .... and I'm still waiting for that one 7 years on. As the great Obi-wan Kenobi once said who is more foolish, the fool, or the fool who follows :(