Amerisur Resources Share Discussion Threads

[foiledagain] 14/7/2017 19:39

Oil goes up and down, oil companies go up and down, but that has not been happening with Amerisur. It has dropped like a stone and not over a short period but a prolonged period, and a period where 'transformational news' arrived and production is increasing.

Something appears wrong.

After suspicion that RH was selling the company confirmed it in an RNS after ascertaining from the Company Registrar that Mr H had been selling. There has been no RNS from RH which infers selling is continuing and its easy for the BoD to find that out and they should.

The last notice of his holding was months ago, and it appears the BoD have no wish to inform shareholders of any large seller, or keep private investors informed of disposals it can easily find out.

There is little doubt that the City can and has found out, and in my opinion its easy for Amerisur to find out if they don't already know, as they proved it by getting the Company Registrar to find out previously.

For whatever reason it seems like the BoD do not want private investors to know, which seems unacceptable, as it represents a green light for insider trading, from those in the City or anywhere else who have access to that information which most CEO's access as a matter of course.

The company can issue s793 notices anyway, but some might think that Amerisur are taking the 'I see no ships' approach, which throws ordinary shareholders and any spread betting or leveraged deal investors to the wolves whilst the City or others feed in what could be construed as insider trading if its trading on information not generally available to the public and where sensitive information is supposed to be disseminated to everyone at the same time.

S 793 Companies Act 2006 ("the Act") gives a public company the right to require anyone who is, or might be, "interested" in its shares to answer written questions about the nature of that interest. It is usually used by companies who wish to track unusual movements in their register, typically in the context of a possible stake building exercise or takeover, but also to explain unexpected share movement or simply as part of a routine "house keeping" exercise. The Act contains extensive definitions of what amounts to an "interest", including wives, trusts, offshore vehicles and the like in order, said a previous Judge "… to counter the limitless ingenuity of persons who prefer to conceal their interests behind trusts and corporate entities". The Act also contains extensive provisions about agreements or arrangements between different people relating to stake building so that a company is not ambushed by several, apparently unconnected, shareholders building up a secret stake "in concert" with each other, typically through nominees. A failure to respond to a s793 request enables the company to "block" the shares in question, preventing the shareholder from voting or transferring its shares, until the answers are provided.

Non Executive Directors. Its time for you to earn your salary and stop what seems to be a false market for some and a golden goose for others who no doubt know exactly what is happening

[bigboots] 14/7/2017 18:13

Guys
Simple here
Ok oil is out of favour with investors at present, low volumes coming in to the summer and AMER being sold as s basket of oil shares
Simple to see
Just accumulate at these levels if you think oil stabilises here
Not enough volume to even think there is a problem
Probably the best investment over a 6 month basis at these levels

[laptop15] 14/7/2017 18:05

One of the guys in our shareholder group has a good theory for the drop in SP, he believes GSA who have the 0.53% short on AMER (approx 12.5 million) are closing there position and the MMs are gathering shares. Maybe the share price is being dropped to get sells so the large buy order can go through?? Once this happens there would be a big bounce in theory! Anyone a views on this? It makes sense to me as there seems to be more biys than sells yet the share price keeps dropping.

[blackdown2] 14/7/2017 17:10

AMER never does. But then that's a good thing. If there was a fundamental, and price sensitive, problem we would have heard about it by now.

The shares are fairly tightly held, which is why there are sometimes significant movements on relatively small volumes. Having said that, the company has lost around 40% of its value in the last 6 weeks or so. It clearly didn't have a problem raising funds at 25p/share in the first half of 2016, since when quite a bit of good progress has been made, so this level of underperformance seems at odds with the facts.

I'm sticking with it but can understand why some holders may prefer to head for the exit.

[bryet] 14/7/2017 16:48

I can not understand why the company has not commented on the fall in the share price as it's been so quick over a relative short time.

[kerri28] 14/7/2017 16:38

I'm sorry to say but something is not right!!

[rollthedice] 14/7/2017 16:36

Closing UT - 16.5p - a new 5yr low.... not exactly the best way to go into the w/end.

[rollthedice] 14/7/2017 16:27

I'm still waiting for the capitulation point ~ a sharp panic or engineeered drop which takes out all the stop losses before bouncing sharply as we all pile in.

I've got enough (sadly at 22p average) and won't add more until I see the white of the panic sellers eyes :(

No point in worrying about it though, it'll turn eventually (hopefully!)

[lucyp00p] 14/7/2017 14:50

So oil is up. There seem to be many more buyers than sellers today and still the share price is falling. Does anybody have a puncture repair kit? I still remember the post by the idiot a couple of weeks ago who told us he would be gone in a week and in profit. Are you still here mate?

[foiledagain] 14/7/2017 14:25

Charlie: I do not believe the shareholder list is accurate and I suspect Amerisur know it isn't.

Look at the caveat on the page as it states: "the company has been notified of the following interest"

We know they were not notified of significant sale of Amerisur shares that have never been notified by RH and the last holding announcement some time ago was with Amerisur asking the company registrar.

With no further announcement from Amerisur and no announcement at all from RH even about shares we know have been sold it gives the impression of a BOD using the "I see no ships" defence rather than using company registrar to keep us up to date with an accurate status of shareholders.

So if the company have not been notified it makes that list meaningless unless Amerisur find out and make that information available to everyone because as sure as eggs is eggs someone is selling.

[kerri28] 14/7/2017 13:19

Big7ime, No I'm still holding a substantial amount as I've increased my holding over the many years. It's becoming increasingly frustrating I must say but my opinion is still the same and I believe there's no point selling up now as I still have some faith in the company to deliver in the coming months and make us long term holders very rich....that's if we don't get bought out at a silly price! So much news to come and hopefully very positive so having said that, maybe it's time to top up a bit more.

[bigwavedave] 14/7/2017 12:10

Must be due a Friday Bertie Wooster, as Val liked to call them.

One of these days, anyway.

[charlieeee] 14/7/2017 11:17

AIM rule 26 updated to 30th June and no further selling of any significance by the major holders.

On further investigation, it looks as if Capital Research probably did go to Michinoko and it is always good to see the major shareholder increase: that always gives confidence, particularly as Michinoko seem to have plenty of history with the board in terms of time and other companies: presumably, the BOD will have had a hand in this transfer (if that is what happened).

So, share price brought down on thin volumes with panic PI selling out of unjustified fear that it was the bigger shareholders "in the know" who were dumping.

BOD obviously doing all they can to keep us informed with the monthly updates and shareholder positions.

[alfieduncan] 14/7/2017 11:07

With some positive news and further oil p gains we should go in a northerly direction.
He says....

[lucyp00p] 14/7/2017 10:59

Can someone tell JW that my tax bill is due at the end of the month please

[big7ime] 14/7/2017 10:36

Have you lost patience and sold Kerri?

[aceuk] 14/7/2017 10:16

Like your optimism!

[kerri28] 14/7/2017 10:10

The bottom will be zero pence so not yet!

[aceuk] 14/7/2017 09:53

Great minds!

[aceuk] 14/7/2017 09:53

Is the bottom in now?

[currypasty] 14/7/2017 09:52

have we bottomed out yet.. getting a bit sick of this now

[blackdown2] 14/7/2017 09:51

Let's hope there are some positives for posters to focus on before too long. The acquisitions announced some while ago should be approved soon.

[charlieeee] 13/7/2017 22:39

Nonsense.

Nothing but negative whining and drivel from you: largely, the current share price reflects negative sentiment rather than intrinsic value and you contribute daily to that.Take a look back at your own collective message history.

[bryet] 13/7/2017 19:52

charlieee....Just hoping to get my money back.