Amerisur Resources Share Discussion Threads

[marnewton] 30/3/2017 17:45

Despite some good news the share-price fails to take off. Today's action again displays considerable indecision on the part of investors, with a near long-legged doji.

Prior to the RNS we again touched support; so the potential for a double bottom formation remains - confirmed on two closes above 23.25p.

Meanwhile, I'll buy my first tranche on two closes above the 8 day ESA (yellow line), or EMA, depending on your charting package, and not before.

Indicator-wise, SK-SD is close to giving a buy signal and there is bullish divergence on RSI.

M


Log scale daily candlestick chart:

[francis55] 30/3/2017 17:43

Are those 4.5million buy or sells?

[jonnycash1] 30/3/2017 17:39

I would agree something is not right here. It's possible Rex is shorting his own stock, using CFDs most likely - so his position is neutral all the time. Stock goes down he makes money on the CFD, it goes up he makes money on the shares. You can also see the volume spike at key points on the chart, shorting to stop the stock going through key levels which are acting as resistance from the pov of a technical trader. Why anyone would deliberately depress their own share holding - proving a point I guess. Because I can. Because I matter. Only he very clearly doesn't matter to anybody with his £16Mill - not one tiny little bit. In the end, he will get bored and be off - certainly if his appalling track record is anything to go by. Sooner the better. Whether I can be bothered to wait around for that to happen, I am really not sure tbh.

[dayway123] 30/3/2017 17:12

If Rex stopped selling the share price would soon be nearer 40p with all the recent good news. He would instantly make money on his holding. I believe like trot, there is obviously another motive, but to what end? No one in their right mind would offload 20m shares just to loose money.

[tsmith2] 30/3/2017 16:57

OBA transport volumes continue to increase, with a new daily peak of 4,610 BO transported on 29th March.This is up from c.3,200 at the last detail?

[big7ime] 30/3/2017 16:50

I think this old guy selling has lost his marbles, hasn't he made some terrible calls lately, maybe it's dementure and the son doesn't have POA yet
Well I guess he's a few mil lighter today, once he's cleared the share price is going to rocket
I'd like to see another insti holding increase

[eddie_yates] 30/3/2017 16:39

Never before in the history of this company has there been a barrage of news releases that we have witnessed in this last month.
Today's news is very reassuring and I agree with Trotting that games are definitely being played out.

[tom111] 30/3/2017 15:35

Looks very cheap as Malcy said, bought in it seems good opportunity not to miss Hope im proved right

[bryet] 30/3/2017 15:32

This price is stupid what has the company to do to get the share price moving I have been in companies that have been nowhere near as successful at finding the black stuff but have kept the share price strong even though they just ended pumping up water.

[jonnycash1] 30/3/2017 15:10

Does anyone know how much of this stock is on loan atm?

[trotting12] 30/3/2017 15:05

There is a game afoot !?,,if you've got the cash buy and sit back !.,,,,I think things will become much clearer very soon,,,what is Rex's agenda !!

[foiledagain] 30/3/2017 14:49

I hope your are right, but on this drill the data is really more important than the flow rates. The potential for new zone, and confirmation extending field.

The pay zones don't look too impressive, but the news released by the drill is really good news.

[alamaison5] 30/3/2017 14:03

Unfortunately we have a seller. Todays news was long expected.
I new from day one they would find oil. Now 30 days to wait for the next results.
Plenty of oil there too. I am expecting 500bopd to be added on strike.

[alamaison5] 30/3/2017 14:02

Unfortunately yes, we have a seller. Todays news was long expected.
I new from day one they would find oil. Now 30 days to wait for the next results.
Plenty of oil there too. I am expecting 500bopd to be added on strike.

[dayway123] 30/3/2017 14:00

Is the seller actually diluting his holding, or is he just suppressing the share price and with other partners buying back in. Could we possibly be approaching a takeover bid?

[tsmith2] 30/3/2017 13:57

What was stated OBA through put before today's update

[ladeside] 30/3/2017 13:52

As mentioned above, there's absolutely no doubt that there's been a massive sea change in the way the board are reporting. Previously they fed us the bare minimum and under promised, now it seems as if they're almost over egging the pudding as it were....

The bottom line is that continued success will eventually see the value out, irrespective of RH and his selling assaults. Let's face it, he can't go on forever.

[bigwavedave] 30/3/2017 13:25

Good RNS. Plat 22 and OBA figures positive. This "should be" +30p by now.

[alamaison5] 30/3/2017 12:06

22p finish?

[alamaison5] 30/3/2017 12:05

LEK: Check RNS...
AMER: Check RNS...
Do I need to elaborate further?

AMER L2:

77777.0 @ 21.0

Ask Prices Price Size

54168.0 @ 21.25 2

[tsmith2] 30/3/2017 12:04

This sounds very interesting I look forward to further good news from our exciting Putumayo portfolio where we enjoy a dominant acreage position, geological understanding and operational excellence.

[francis55] 30/3/2017 12:01

Well said.

[lucyp00p] 30/3/2017 12:01

Because we all want them. At this price and with this news just hoover up everything Rex doesn't want. Simples

[alfieduncan] 30/3/2017 12:01

Thk u Lucy it saves time