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1 of Aex.l chat board certainly seems more positive about the news.
http://m.lse.co.uk/markets/shareprice/chat.asp?share=AEX
Take a read.
108k shares changed hands from a bunch of scared sellers to longs... How is that equal to 2.2 billion shares dilution?
Easy. 1.5 billion new shares added to 2.2 billion current shares.
How did you come up with the 40%?
HUGE dilution just announced.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AEX/12886224.html
Another 1.5 billion shares will be issued to raise cash. This will result in an approximately 40% dilution to current shareholders. Very sad.
One can only hope.
May be the start of a strong rally in London. Right now over 7M shares traded with the current bid at 1.30 pence and the ask at 1.35 pence (approx. $.017-.0175 USD).
Trading solid in London since that last news...
AEX.L, 8.675M shares traded in London; closing price 1.25 pence (approx. $.016)
Yes, Ihub is mostly traders. There is a vicious circle here. No volume = no interest; no interest = no volume.
The only way AEXFF can break this vicious circle is IF they can generate a stable revenue stream we could see a bump in prices in London. If London moves up significantly, then the bid and ask in the US should move up as well. So for now, I'm considering my investment in AEXFF as "dead" money but holding on for the medium term (6-12 months).
Not enough people following it on the US market. Just here on IHUB there is only 14 followers.
Unfortunately, you are correct. Apparently there are very few shares held by U.S. traders. This stock's average volume in London is over 4 million shares while it is practically zero on the OTC Pink Sheets (less than 50,000 shares per day and falling; no trades since June 9).
Yup. Still nothing here though. Aside from a very tiny move up on the bid.
AEX.L up 10% in London today. Almost back to where it was pre-Brexit!
I hate making price predictions, but ...
Using a whole bunch of assumptions along with their projected revenue stream of about $55,000 per day (my calculation in USD, factoring in their ownership at about 50%, and 2.2 billion shares outstanding), I calculate yearly revenues to be about $.009 per share. Giving them a price to revenues multiplier of 5 would give a share value of $.045 per share (in USD). - jmho
Yes, I believe that is correct according to the numbers in their PR.
It was solid.. But it still depends on the volume tomorrow.. It's been dead for weeks here.
I thought that it was a pretty solid update.
Tomorrow should be interesting to watch! Patience will pay here.
$AEXFF!
Nice news today in London and the stock is up over there too.
Happy 4th of July to all. Be safe.
Not sure If I calculated it correctly but I did a conversion for 30 mmcf to the $3.00 per mmbtu and it came out to 90,000.
So if I did it correctly thats 90,000 a day according to the news.
Don't know for sure, but their assets seem real. The biggest problem with this company is their financing. They have had to issue over 2 billion shares just to keep them going this year. They desperately need to have a revenue stream coming in ASAP in order to continue their operations. When I read that they were ready for full-time operations in Tanzania, I thought their share price would start moving up. That has NOT been the case. It may still move up some if the can announce full-time operations soon. However, since they are still in a "testing" phase, this may not occur for another 2-3 months. However, if the British pound continues to sink, then by that time the price of AEXFF could be below a penny. Does not look good for this stock right now, that is for sure!
Wonder if There's something Real here?
Still watching. Not much to watch
Brexit seemed to only have a effect on the big boards today. This is still worth the risk though imo, i'm patiently holding.
Once there's the Brexit VOTE...AEXFF might Jump. People unsure where the EU is headed
Someone bought $19,000+ AEX in London today -
976,449 shares at 1.35 pence
Yes, thanks for posting.
Did you see today's news?
Volume up 61% in London; price up 3.85%
http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2button&s=aex.l
NEWS OUT!!
http://m.londonstockexchange.com/exchange/mobile/news/detail/12841806.html
Kiliwani North Update
Aminex PLC (LSE: AEX), is pleased to provide the following update on gas production from its Kiliwani North Development Licence in Tanzania.
Highlights:
· Commissioning of the power generation system and other auxiliary facilities has been completed.
· Commissioning of the gas plant and sub-sea pipeline commenced on 1 June 2016
· On 2 June the first Kiliwani North-1 ("KN-1") gas was processed and entered the pipeline system connecting the Songo Songo plant with the national pipeline.
· During the commissioning, gas rates are planned to increase to 30 mmscfd while pressuring up the plant and pipeline.
· Aminex and its partners have invoiced TPDC for both April and May gas production in accordance with the terms of the signed Gas Sales Agreement.
As previously advised, all gas produced during the build-up to full production rates will be paid for under the terms of the agreed Gas Sales Agreement signed with the sole buyer, Tanzania Petroleum Development Corporation ("TPDC"). Aminex will receive US$3.00 per mmbtu (approximately US$3.07 per mcf). The gas price is not linked to any commodity price so importantly is unaffected by current commodity market conditions. The gas delivery point is at the outlet flange of the Kiliwani North wellhead and, by selling the gas at the wellhead, the joint venture partners will not be liable for pipeline transportation and processing fees.
Initial production rates remain carefully managed to allow for testing and commissioning of the gas processing plant and pipeline, while recording critical pressure and flow rate measurements to determine the optimal flow rate to maximize the life of the reservoir. Together with TPDC the Company plans to conduct a well test during the production build up to determine the optimal flow rate. It is this optimal flow rate that will become the Commercial Production Rate and the Company intends to flow gas at this rate for as long as possible prior to a natural decline in production. Based off initial pressure response from the Kiliwani North 1 well it is expected that the well will be tested closer 30mmcfd (approximately 4-5,000 barrels of oil equivalent per day gross)
KN-1 has booked contingent resources (2C) of 28 billion cubic feet gross. Aminex expects to book reserves for Kiliwani North later this year.
Jay Bhattacherjee, CEO commented:
"We are pleased with the progress made so far at Kiliwani. The well has been performing very well and commissioning is so far on schedule. The Company continues to focus on delivering production growth through Kiliwani and driving its appraisal and eventual development programme at Ruvuma."
Hahah it's a general idea. That's just my observed average. I was more using it to piss him off. He sent me like 30 PM's talking trash, pretty funny.
I can't PM back btw, forgot to renew subscription.
We'll see .03 back here soon.
$AEXFF
This will definitely move. I'll wait it out. That 1M volume last week says it all.
$10-$15 million revenue possible! Production has already begun.
$AEXFF
When news comes AEXFF will move fast.
Rather than chase this stock, I've decided to do a little accumulation during this "quiet" period and put away a few shares for a rainy day. We'll see how this strategy fares.
Well....Let's Hope it is a Big Whoop!!!
Little..green today. Been disappointing..so far. Yep!! Trades London, too
But if London moves, then so should we. They should in concert with the exchange rate.
Seriously, this company seems to have significant potential.
However, it is totally unknown in the US and trading on the OTC will only encourage traders/flippers and not serious long-term holders. Unless they do a reverse split and get listed on a "real" US stock exchange, AEXFF will just be a shadow to its London listing.
This also has better 5 year price action than 99% of OTC. So there's that.
Only difference between this POS and ordinary OTC POS is that this POS trades on the London Exchange. Big whoopty doo.
Please tell me how they front loaded since there was zero volume going into the week when volume surged?
Air shares?
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LondonAminex Petroleum Services Limited |
Plot No. 431, Mahando Street
Msasani Peninsular,
PO Box 105589
Dar es Salaam, Tanzania
Tel: +255 (0)22 2600814
Fax: +255 (0)22 2601809
Outstanding Shares | 818,700,000 | a/o Jun 30, 2011 |
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