Amerisur Resources Share Discussion Threads

[big7ime] 26/4/2017 08:55

Anyone know anything about Michinoko?

[charlieeee] 26/4/2017 07:57

It is not going to be an RNS to please the short, who must have been anticipating further selling in volume by RH (and I presume that is where the shares came from).

Both the short and Michinoko actively increasing positions on 13th April, so entirely opposing views re the direction of the company and both expecting, simply through the size of their transactions, to affect the direction of the market and in this case, 33m trumps 7m.

[tsmith2] 26/4/2017 07:49

It's interesting they sneaked out the holding statement at 17:59 last night..

[francis55] 26/4/2017 06:52

I sold half yesterday as i fear the slip to 20p again which i hope not. If it does I shall buy them back.

[lucyp00p] 25/4/2017 23:01

So did GC , sorry Michinoko buy Rex out? I'm thinking that's the only explanation.

[quidnunc] 25/4/2017 21:14

Still got make 28 to break otherwise it's uncertain. Ichimoku or Michinoko, take your pickQ

[marnewton] 25/4/2017 19:46

The double bottom breakout was back-tested today - it will be a 'successful' back-test on breaching 25.00p.

M

[ianpuddifoot] 25/4/2017 18:36

Tommygriff thanks for that new nothing about that but just googled it and now will get up to speed, will read up on it tonight cheers

[ianpuddifoot] 25/4/2017 18:31

Also Michinoko has 8.9% in President Energy must be a connection somewhere?

[tommygriff] 25/4/2017 18:27

Panama papers!

[ianpuddifoot] 25/4/2017 18:26

I see Michinoko & Giles both have a holding in Sovereign Mines of Africa whats there connection?

[tsmith2] 25/4/2017 18:16

Will be interesting to see whether we get another holding statement telling us who the seller is/was

[tsmith2] 25/4/2017 18:15

Think the flicker earlier today was our seller done with..Could see a good rise

[lucyp00p] 25/4/2017 18:14

How can we be 11% owned by a wound up entity and when did 33mm shares get bought coz it's not on this ticker lately.

[francis55] 25/4/2017 18:12

Now holding 11%. Something is in waiting.

[bigwavedave] 25/4/2017 18:06

Michinoko still around, then. And still buying.

[bigbas] 25/4/2017 17:57

Lucky you Tommy - great pub

[tommygriff] 25/4/2017 16:53

Swift pint in bree Louise

[al101uk] 25/4/2017 13:16

Been waiting for this for a long time and will probably watch it many times before I understand it fully, there is a previous lesson on pricing options.

Aswath does Resource Stocks




You can assume safely that using this method of valuation Amerisur is worth substantially more than the current market cap.

[big7ime] 25/4/2017 11:52

It comes out in the wash in the end though johnny, the share price doesn't factor in the improvement in last six mths imho due to the disappointment in delays to the pipeline but soon that should be behind us and especially if the next well is a success a re-rating is on the cards.

[jonnycash1] 25/4/2017 11:27

Nice little pennant forming on the daily chart at present. However, although it is frequently mentioned on this forum I struggle to see any correlation between the price action of Brent crude and that of AMER. In fact, more recently they have been heading in opposite directions.

[big7ime] 25/4/2017 10:38

Come on Malcolm, Most shorted? I think not - a mere 0.6%
Iqe shorts were 6% and still have 1%
Carillion were a massive 25% and have risen 10% since
The thing is when shorts unwind the price tends to rise.

[big7ime] 25/4/2017 10:21

A bargain under 25p, I have bought a few more ready for the bounce. The only downside I see at present is the continued weakness in oil price but we are profitable above 40$ and the pipeline brings the costs down further to 15$ so as they pump more through it the margins increase. I will be super happy when 5kbopd reached.

[the dark horse] 25/4/2017 09:09

Today could well be the last chance to pick up stock at under 24p while it consolidates recent rise. If we didn't have drill news and an AGM looming I might have concerns that the rise could be another false dawn and it needs to get above 25 again this week to prove its not, but my money is on the bull side.

[tsmith2] 25/4/2017 08:37

think out seller has v much gone