aex presentation at egm today, page-26

Hi all,
There is no problem if you disagree with my thoughts, they are thoughts and views only.

However, Aminex need to raise cash to keep going. They have a reasonable suite of assets and are very keen to participate in Rumuva.
My theory is they are selling a story step by step. If they get the cash and get moving they will start spruking KN1 again as it is their 'largest' asset (with Nyuni). They would be aware that Rumuva is a punt Vs KN1 which is a result, but they need to offer blue sky to investors short term.

Good Jv's are prepared to work with this as it is a long term game, Aminex going bum up is no good (unless we do sweet heart deal as good mates).

I am looking past this as I reckon KN1 (and Nyuni) is undervalued, but again my view only.

BUY is (imho) in the same boat; KN1 is a real asset but they are selling blue sky... punters buy it every time. I don't buy blue sky (ok a little bit), I prefer to buy assets and both KN1 and UK are proven assets. How big is the punt.