The_Marin
08 Nov 2018
Something is afoot Sell on no news and watch it fall back to a penny. Trades from today would be deemed highly suspicious if there was news tomorrow.
Jay053
08 Nov 2018
Something is afoot Could be a leak, someone getting in position (£92k worth) Farm out news might be on the way. It did jump 30% a couple of weeks ago and then fell back, something is going on in the background. Lets see if this rise holds and continues… news to back it up would be great.
Dubai_tDodger
08 Nov 2018
Something is afoot Anyone know what is causing today’s SP rise? DD
jimonegbr
17 Oct 2018
Something is afoot Nice little rise after the crash of the last few days…
Jay053
02 Oct 2018
Why I’d buy the Aminex share price before Bitcoin The Motley Fool [link] I haven’t been endowed with the steel gonads you need to speculate on an essentially worthless investment vehicle such as Bitcoin. Call me old-fashioned, but I like my investments to be backed with real companies running real businesses that own assets producing real cash inflows, or which have the potential to generate cash in the future. Where’s the value? For that reason, you’ll be unlikely to catch me speculating on any currency movements at all, even on ‘real’ ones such as the US dollar or the British pound. I think the pursuit of trying to predict the price movements of such ‘markets’ takes you way over to the gambling end of the investing/gambling spectrum. But most of all, I won’t touch Bitcoin or any of the other cryptocurrencies, which all strike me as being extreme gambling propositions – you might as well bet on coin-tossing as on Bitcoin, in my view. I can see how the cryptocurrencies draw people in. When a price moves from a few cents to around $20,000 dollars, as Bitcoin did, some people get rich and the stories spread like wildfire. But the arguments for the worth of cryptocurrencies are very thin and shaky. Some reckon that because only a certain amount of any given cryptocurrency exists, its value is bound to rise as demand for the currency rises. But who needs to use cryptocurrencies to actually pay for things and exchange wealth when there are so many conventional alternatives available, such as sterling? Then there’s the whole problem of competition. New cryptocurrencies are being launched at an alarming rate and competition almost always drives prices down. To me, cryptocurrencies have got ‘speculative bubble’ written all over them, and the problem with bubbles is that they tend to burst. But we never know when, and sometimes it’s a shock when they do. My bet on cryptocurrencies is that I am far more likely to lose money than to make it if I participate, so I’m avoiding them. Great potential I’d rather go for a firm with a business that has lots of potential, such as Tanzania-focused gas and oil production, development and exploration company Aminex (LSE: AEX). The firm’s long-suffering shareholders have seen the stock slide more than 50% over the last year, but I think there are reasons to be optimistic about the immediate future. The farm-out agreement the firm recently signed with The Zubair Corporation is a potential game-changer that looks set to fully-fund development of Aminex’s Ravuma acreage to full field development and “material†cash flow. The firm is finding mostly gas, which is sold to the local market. If it achieves the target rates with the development programme Aminex could see revenue up to $40m per year. However, the share-price weakness reflects a few uncertainties. The farm-out is due to complete by 30 November but requires approval from the Tanzanian Government. But Aminex is in dispute with the government’s energy arm, the TPDC, over payments for previously supplied gas, which is an uncomfortable situation. On top of that, production from the firm’s current gas producing well has stalled due to technical difficulties. I’m optimistic that the short-term challenges will be solved allowing the long-term potential to bloom and would rather bet on Aminex than on Bitcoin.
Average_Dave
09 Aug 2018
Malcy 08.08.18 Aminex I caught up with Jay Bhattacherjee last week to chat about the farm-out deal Aminex has done with Zubair and to try and understand why the market has cooled on the process. I think it is fair to say that the institutional holders are happier than the retail and within that band there are people who don’t agree that it is quite as good as advertised. It is also worth noting that when I first wrote up my views, before speaking to Jay I was a big fan of the deal and it has to be said that I still am. With the significant cash payment up front by Zubair and the carry on 3D seismic and drilling Aminex has had a liquidity moment with what is effectively a material unlocking of cash. The deal accelerates development and production from Ntorya and means that permitting etc could mean that the next well might be spudded by the end of this year. With an initial target of production of 40 mmscf/d Aminex gets net cash flow of $10-12m pa but I suspect the arrival of the Zubairs means that a much higher production rate is likely in due course. Hence my original valuation of 10p which is predicated on substantial long term cash flow for Aminex. There have been some suggestions that Aminex raise the money and fund this huge prospect themselves which I put to Jay. He told me that they have explored all routes from equity to debt to off-take agreements but none of these were either available of produced the kind of deal they have come up with. Whilst I can see part of the bear case I think that this deal will eventually allow significant amounts of value to materialise for Aminex shareholders and accordingly I remain a long term believer in the company. A_D
Jay053
31 Jul 2018
Ducks in a row. . . . ? Less than 2p now… the ducks are getting away.
Eric_The_master
13 Jul 2018
Ducks in a row. . . . ? How does the 50% Farm Out affect the SP in the Long term?
clottedScream
11 Jul 2018
Ducks in a row. . . . ? Callun, you might be right ! Thought something had to move soon, the drift has been so long without comment. Next will be licence confirmation followed by rig and spud news.
BarleyBaron
05 Jul 2018
Hello !?! Blimey. This BB has gone into meltdown. When were we due some signicant news. The slow decline in the sp does not bode well. Where has CH gone to… Hope your all enjoying the good weather. Baron.
Doodlebugger
06 Jun 2018
Re: Found diesel . . . Looks like along with failing to purchase the compressor or supply the diesel they have forgotten to issue the RNS…
model money
06 Jun 2018
Re: Found diesel . . . Indeed it would be no joke!
Ecologist
06 Jun 2018
Re: Found diesel . . . HahahahaMorecombe and Wise you ain't
model money
05 Jun 2018
Re: Found diesel . . . ...or drill a side track!
clottedScream
05 Jun 2018
Found diesel . . . . . . . . . . and how to start up the compressor perhaps ?
