Amerisur Resources Share Discussion Threads

[3roach] 06/8/2017 20:06

Any surprises for us this week I wonder?

[laptop15] 05/8/2017 11:45

If anyone wants to join our twitter shareholders group we have a few spare places left. Follow me chris brown @laptop15 and i will invite you. Malcy is in the group too.

[cpap man] 05/8/2017 07:57

If you ever look at small cap oil & gas companies maybe take a close look at recently [Monday] fully listed [standard] United Oil & Gas [UOG]

UOG are headed up by 2 ex Tullow Oil [TLW] boys Brian Larkin and Dr. Jonathan Leather

MKT CAP is £6M with over half of that being in cash....UOG have 2 drills planned in the next 4 to 6 months with the 1st drill in October

Obviously with their TLW connections the boys have some massive plans to take the UOG share price from pennies to £ pounds £

[bigwavedave] 04/8/2017 21:25

Thanks for that, al101uk. Maybe I was being over-sensitive. A thick head and 16.5p does that to me. I agree with much of what you have to say, by the way. ATB. (I have removed my earlier post).

harrisun: city boy? Not a chance.

[al101uk] 04/8/2017 19:22

I assumed you had got info by perfectly legitimate means bwd, sorry if I insinuated otherwise.

I was agreeing with your point that info in the public domain is not insider info. I was trying to say that you had done the research and found your info in local papers... or where ever, while others (myself included) had not.

I've just re-read my post and it was a clumsy bit of posting, apologies.

If it's any excuse, I had a 4 year old on my case when I was trying to edit the post. I've removed that extract as I've re-made the point I intended to make here anyway ;-)

I've also edited the post a little to make it clearer in other ways... wasn't the best time to be constructing lengthy post, I typically use the edit button a lot!

I do still hold for the avoidance of doubt.

[lucyp00p] 04/8/2017 17:58

So, moving on I presume we all agree that unless there is yet more concealment or underhand shenanigans - (my suspicion is that the 30% interest in CPO5 may have several strings attached), that a company capable of generating $7,500,000 of production per month with operating costs of roughly $3,500,000 before one off exploration charges and a market cap of $260,000,000 - an effective p.e. of >18 is ridiculously cheap and ignores known but as yet undeclared reserves and "imminent" future production. BWTFDIK

[ladeside] 04/8/2017 16:15

Al, Excellent post, very fair and sums it up perfectly for me.

[juuunx2] 04/8/2017 15:55

Bryet... agreed let's hope so.

[eddie_yates] 04/8/2017 15:50

Are you still in Amer Al as you last post is a little confusing??

[al101uk] 04/8/2017 15:40

First of all I don't think an RNS advising of the production shut in last month would have had any affect on my buys/sells. I bought before it was likely to be known and haven't topped up since. So I freely admit that it would make no difference to me either way.

I don't really care if insider information is involved or not.

I don't even really care that the shut in happened, as it's been pointed out it's one of those things in the environment in which amerisur operates.

BUT, I wouldn't like to be one of the people who saw an opportunity at just under 20p to pick up some cheap shares not knowing about the shut in while others did. You could put that down to lack of research if you like.

... and I do care a great deal about corporate governance. The idea that the share price falling from just under 20p to where it is today being nothing to do with the shut in is ridiculous. If you follow that line of thinking, which most here seem too, then you have to assume that management knew they were in possession of information likely to have a "material affect on the share price of the company". Not reporting this via RNS in good time is bad corporate governance at the very least!

The fact that it wasn't reported is what concerns me far more than the news itself. It's the same across GC companies, KENV was about to be cash generative right up until it had a placing (at 50% of it's then share price), Ironveld has been days away from a financing deal for two different plans with multiple surprise placings and now is "within weeks of being cash flow positive"... really? How can I possibly take managements word for that anymore? (and I have been tempted by Ironveld at 2p).

This is repeated behavior from effectively the same management team and it's not good enough. You don't report an issue after it's effect has been mitigated, you report it at the time and let the market decide the likely impact... let the owners of the company decide it's value.

Neither is this the first time for Amerisur, how long was the company producing at what was thought to be low levels and being questioned about the capability of the field without reply? As it turns out the wells were producing at 20% of their initial production rate without a word to shareholders until they had been treated.

Then there is the bottleneck which was flagged to II's at a presentation with PI's left to interpret a red dot on map.

Why don't I sell up and move on?

CPO-5 seems not to be priced in.
Plat alone, even at current production levels does not seem priced in.
I'm an idiot when it comes to Amerisur... I freely admit that.

In contrast Alliance Pharma recently posted an RNS last minute on a Friday to tell the market a drug had not received marketing approval and I immediately sold on Monday morning. I'm behaving irrationally, that doesn't mean Amerisur is off the hook.

I wouldn't buy another GC company at any price.... I no longer hold any other than Amerisur, I held Ironveld for a period and considered KENV.

Forgive the rant.

[bryet] 04/8/2017 15:06

More people buying than selling but the share price seems stuck in a rut hope next week is the start of the push upwards.

[lucyp00p] 04/8/2017 14:30

You could say that about any board in any company anywhere. Why pick on this one? Shareholders in AA should have been told their chairman was having a breakdown by your logic. On July 10 share price closed at 18.25. July 28th close was 17.75. It sure looks to me like the insiders made a killing.....not

[lucyp00p] 04/8/2017 12:30

Well the honchos at the well heads were also awarded incentive shares. Not sure if they vested or if insider dealing in Colombia is even a thing but they could also have sold, if for no other reason to buy Conchita some Jimmy Choos

[laptop15] 04/8/2017 12:05

Lotsvof buys and one sell....then they drop the share price ...whats that about? Are there some hidden sells?? I really thought GSA would close there short? Hopefully they don't think share price going lower, wouldn't like that at all

[alfieduncan] 04/8/2017 12:03

Any thoughts of the seller being COG? Picked it up from a suggestion on iii but can`t find it now.
How many do we think have been knocked out of the months

26-01-16 Payment to COG of a total of US$7MM on closing. The consideration will be paid in Amerisur stock and the Company will issue 22,711,494 Ordinary Shares. The payment is based on the 30 day VWAP prior to closing.

[dayway123] 04/8/2017 10:09

Seller Still selling, what does he/she know? Are we being manipulated for a buyout?

[lucyp00p] 04/8/2017 08:49

Disaster? Somebody needs to take a perspective pill. I think the disaster happened downstream earlier this year when communities got washed away. This was a hiccup. A glitch. The sort of thing that happens to a company prospecting in the wild west where risk and reward are both high. So a company that can afford to forego $5mm of short term cash flow in order to develop goodwill amongst the locals lost a penny yesterday - big deal. Setbacks happen, as they used to say in Hill Street Blues, "its a jungle out there"

[blackdown2] 04/8/2017 08:30

Quite so. Disappointing though that no update re the acquisitions announced in March.

Looks like the seller is still active.

[broncowarrior] 04/8/2017 08:01

The oil is still there and they have no debt to service. Therefore provided things are back under control it doesn't really matter. Just a blip.