Member Info for updownstream

I was on the ground a couple of weeks ago and lots of talk but no real activity in the area.

The way this share is going it’s more likely to get to 1p than 2p.

Interactive investor increased their "fair value " for the SP yesterday.

Increased from 2.8p to 3.26p.....

Congratulations to all those LTH that kept the faith, onwards and upwards from here I feel.

Are we going hold a public hat eating day for those that consistently tried to imply doom and de-ramp.

For those wise folks out there can anyone provide some advice on strategies to persuade the better half that holding AEX longer term to pay for a classic Porsche 911 is a far better strategy than bailing now and buying a new kitchen.

(Will be interesting to see the impact on SCIR holders, although delisted so "SP" is not an issue the licence grant and development should open the way for those long term distribution of assets to shareholders)

Im pretty confident when needed, ARA can deploy a rig within a reasonable timeframe but lets manage some expectations, no rig gets mobilised and operational in this part of the world "quickly". (I Have deployed and move rigs and managed drill sites in Eastern Tanzania). Lots of variables.... access roads, availability of vehicles, support camps, drill rig, mud tanks, drilling chemicals and materials, drill string, drill bits. As LTH know......All good things come to those who wait....

Interactive Investor has an "estimate of fair value" for AEX at 2.80p .

I ve found these to be conservative so would suggest the SP still has a long way to go to get somewhere close to its value. Good to see we are holding at this level building the foundation for the sustained SP increase on the next FEW tranches of news.

This time next year we'll be millionaires....rodney...

but seriously, patience is beginning to pay off... might even cover my SOLO losses......

There's Potential for ZAMIL group in Saudi to Step in and take a big chunk and no doubt the other EPC's will be hovering to pick up easy cheap access to a healthy backlog of contracts....

Fingers crossed

might get out with something

Well Ive got a fairly low average at 17p but is it time to get out and accept the losses or hold and in the hope it rebounds.........

Seems noise is starting about service contracts.

Did ARA/AEX confirm they were purchasing a RIG?

Lol

Stockcheque, your just repeating old news regarding politicians statements, some biased interpretation and translation.

The licence has been "imminent" for a very very long time....bottom line is, it's all hot air, interpretation of politician statements and assumptions until a legally approved, government endorsed signed sealed and delivered licence is in the hands of ARA and AEX.

Ive sat in a room with African Oil Ministers discussing the signing ceremony and start date for 6bn downstream project only to find out during that meeting that his Boss had decided to give it to a rival company and they had arranged a hasty signing ceremony.

I hope and believe the licence will be formally issued but until it is there is little point in constantly repeating the same old "news"

I am told you cannot hold shares in a "trading account" as they won't be listed on any market to be traded.

I am still of the opinion that the speech which include a reference to licences has been widely misinterpreted.

That is not to say the current uptick in the SP is beginning to reflect the true potential and I still think its undervalued.

The impending licence will come (possibly, maybe, hopefully, imminently, some time in the next 1-2-3-4 qtrs) I just do not believe the the licence has been finalised by the TZ govt and signed sealed and delivered to ARA or AEX.

Thanks for this info, im 50/50 on supporting.

Concern is the potential lack of transparency if it de lists vs the obvious financial benefits of delisting.

I do take your point that the potential for the BOD to attempt to raise funds by further share issues and dilution , however I would have thought the previous vote would have prevented this.

It's good to see the share price maintaining the above the 1P level but I think we are here for a while and may see a slide back below the 1P Level with a spread that makes dipping in and out difficult to risk.

Unfortunately it does look like the Information on the development licence was just a ministers words brining misinterpreted and it is still under negotiation.

If the Development Licence had been formally issued to ARA / AEX last week there would have been a legal requirement to issue the RNS as soon as AEX became aware of this critical information and I serious doubt AEX would hold back as it would unlock a lot of external investment potential. That has not happened and we are back in the waiting game.

I have no doubt the licence will come in due time and our patience will hopefully be rewarded, I still believe (hope) the share will be up around the 4p mark by the end of the year!

Nothing like a good"GENUINE RUMOUR".

Unfortunately the statements made are open to interpretation and do not specifically state that the 25 licence has been issued to AEX/ARA. I would imagine if this was signed sealed and delivered then AEX would have to issue an RNS.

Whilst I do hope we get the confirmation and good news soon, anyone that has worked in TZ knows that what TZ Govt Ministers say is not necessarily directly related to fact.

Agreed, we need to keep them accountable

Question is, now im back in profit for the first time in years do I set a stop loss and risk missing out on a quick dip or ride the waves,,,,,,