Aminex and MXO on the MoveBack in July I mentioned Aminex (AEX) as being one to watch as a possible very interesting recovery play, - http://www.sharescity.com/2014/07/aminex-small-cap-to-watch.html - well it finally made a significant move last Friday (5 September) when it moved in the region of 30% after a presentation of the 4th
The new interpretation, over the Ntorya discovery, shows that Likonde and Ntorya are connected at the Cretaceous level and based on the recent 2014 seismic programme, management estimates of the resources have increased from 1.2 Tcf to 1.9 Tcf (Pmean GIIP). Jay Bhattacherjee, Chief Executive Officer commented: "We are highly encouraged by the results from the seismic programme. The increase in resource confirms the world-class potential of Ruvuma, which is being proven in the offshore blocks. We look forward to updating shareholders with our developments."chartists will note that there is 1st resistance @ 1.375 with 2nd resistance @ 1.505. Monday could be an interesting day as one tipster, after recommending it as a buy at 1.83p and watching it collapse to below 0.8p is now saying it is a sell at 1.25p after a surge from .9p !
Sounds like a tipster who really knows his stuff ! Checkout the 9 month chart - note the volume - 5% of the total number of shares traded in 1 day apparently
Another share that is also well on the move is MXO
up from 4p to 4.6p in 2 days with the promise of a lot more to come - heading towards 20p according to some, well that would be nice ! At just over 1p AEX probably has the greater potential but it also offers the greater risk! MXO seems a safer bet but both look like they could be very interesting.