Examin Aminex

tournesol
Posts: 12
Joined: November 6th, 2016, 9:01 am

Examin Aminex

Postby tournesol » January 11th, 2017, 12:00 pm

Aminex is drilling an appraisal well and its shares are displaying distinct signs of life. Since late November the share price has risen from 1.75p to 2.35p - an increase of 34%.

Aminex has broken the hearts of many LTBH investors over the years. But it now has commercial gas production in Tanzania with some promising upside from the current appraisal and further exploration. If the appraisal comes good the stock could start redeeming itself.

Having sold out years and years ago at a decent profit I re-entered in a very small way last Autumn. Am now in two minds - take (small scale) profits or average up?

JonnyT
Posts: 15
Joined: November 7th, 2016, 8:54 am

Re: Examin Aminex

Postby JonnyT » January 13th, 2017, 10:29 am

Personally I'm sitting on my hands until nearer NT-3 results at least.

NT-2 should be a shoe-in but then again this is Aminex and NT-3 is five times larger BUT much riskier. I think we could see 4p prior to NT-3 results and over 10p with a good result if you are prepared to take on the drill risk.

tony9i9i9i
Posts: 29
Joined: November 4th, 2016, 9:32 am

Re: Examin Aminex

Postby tony9i9i9i » January 16th, 2017, 3:06 pm

I'm nearly only 50% down on this one, one of my better oily stocks lol, it would be nice if keeping this dog turns out to be worth while.

T9i.


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