.

.

Yes, lets have more of them !!!

.

Yep, who cares :)


Stuard sums it up well.........

..........Aminex Chief Executive Stuard Detmer commented: "We are pleased to welcome Empire Asia and Dr. Chanchai Ruayrungruang of the Reignwood Group as investors in Aminex. Today's investment, made at a 45% premium to yesterday's close, is a strong vote of confidence in the Company as a vehicle for growth in African oil and gas projects. At a time when Asian companies are increasing their activity in African natural resource plays, we are pleased to have an important Asian investment consortium as a strategic investor in Aminex."....

.

.

PAR VALUE is 5p - as per the RNS today.

That means no shares can be issued below 5p. Thats what a Par value of a share means.

Now AEX have investors willing to pay at least 5p, it means very likely there will never be a placing below the current 5p par value.

Price to rocket to 5p very soon ? (well, holidays permitting).

.

:)

Have a good Christmas mnamreh and all.

Point to note on the director buys.

All the buys have been Non Executive Directors (NED's) so they would have not been party to the negotiations with the new investors - no Executive Directors (who would have been party) purchased any shares this week.

So the NED buying is purely ahead of the Ntorya-1 well spud, nothing to do with the 5p placing.

pp yet another good ramp!

Given the Chinese involvement now in Tanzania and all of Africa, its nice to now have the 5th richest person in China a supporter and investor in Aminex :) I think 2012 is going to be a very good year.

Some more on our new investor Dr Chanchai Ruayrungruang aka Yan Bin, apparently the joint 5th richest person in China: http://lifeisreallybeautiful.com/tag/chanchai-ruayrungruang/


"......Fifth of the list is a tie between Robin Li Yanhong with search engine company Baidu Inc. and Yan Bin of Ruoy Chai International Group, whose brands include Red Bull energy drinks...

...Yan Bin has grown his fortune on the back of a strong performance in sales of Red Bull energy drinks in China, which are expected to hit US$800 million this year. Fifty-six year old Yan started his business in Thailand and is also known by his Thai name of Chanchai Ruayrungruang. Apart from Red Bull, Yan owns the luxury Reignwood Group, which includes the best-known golf club in Beijing.........."

Hope so...I've been in this for ages.....not with much success either...

A few more links with info about Dr. Chanchai Ruayrungruang aka Yan Bin ;

http://www.luxury-insider.com/luxury-news/2009/10/hurun-report-seven-new-faces-in-top-10-chinese-billionaires

http://stockzmarket.info/1299-reignwood-pledges-16-enrg.html

http://www.reignwood.com/aboutUs_HistoryFormation.asp

http://www.cnbc.com/id/44530244/China_s_10_Wealthiest_Billionaires

4. Yan Bin, 57

Fortune: $7.8 billion
Company: Reignwood Group

Yan Bin, also known by his Thai name Chanchai Ruayrungruang, is the second drink maker among the top five richest people in China. The business tycoon has made the top five list for the past decade, but last year he tied for fifth with online search engine Baidu’s founder Robin Li Yanhong.

Some people are asking why a man worth 8 billion dollars is investing in Aminex.

Well, Tanzanian PSA's allow for exploration companies to claim back ALL explo spending ANYWHERE in Tanzania, its not ring fenced. So everything Aminex has spent on exploration in Tanzania is accrued and can be claimed back from future production. For anyone looking to buyout Aminex, that is worth quite a lot on its own compared to the present market cap. So it would make a good start to build something on.

The more interesting question is "Is Africa really the focus of the Chinese Billionaire" - it could be, given the massive influence China now has in Africa, this man will know many powerful government figures in Beijing and will be able to pull strings there, which will pull strings in Africa.

Or is this Billionaire interested in North Korea, now the new guy is in charge. Again China has massive influence with North Korea and Aminex is one of the (if not the only) companies with a valid PSA in terms of their 50% ownership of Korex. So is he getting his stake of AEX now and getting ready for North Korea to open up and allow Korex to drill ?

The "world" has prevented North Korea from exploring for oil, simply they do not want mad men to have access to easy money to build more nukes, but if the "world powers" consider the new guy to be the man who should have the money and expose North Koreans to cash (the same way they opened up China when they deemed the time was right and the new leaders educated enough) and change North Korea for ever into a new wealthy country - then Aminex will benefit from this is a massive way as finally North Korea will be allowed to drill its potential oil reserves - but AEX would need to have very rich partners in tow.

Now, they have one of those in tow, a man worth nearly 8 billion dollars is investing in Aminex.

http://www.proactiveinvestors.co.uk/companies/news/37295/emerging-oil-and-gas-frontiers-attract-attention-37295.html

.

.

.

.

Loverly...

.