Amerisur Resources Share Discussion Threads

[foiledagain] 11/8/2017 12:30

He is

There is no discrimination between resident and non resident holdings under DTR (Disclosure and Transparency) rules.

FCA DTR 5.1.2
Aperson must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:

(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R; or

(2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with DTR 5.6.1 Rand DTR 5.6.1A R;
and in the case of an issuer which is not incorporated in an EEA State a notification under (2) must be made on the basis of equivalent events and disclosed information.

But an exemption can conceivably be claimed on the following:
(4) an acquisition or disposal of shares is to be regarded as effective when the relevant transaction is executed unless the transaction provides for settlement to be subject to conditions which are beyond the control of the parties in which case the acquisition or disposal is to be regarded as effective on the SETTLEMENT of the transaction......

So if he has issued instruction to sell but that sell has not been fully settled it would explain why earlier some institutions had to issue RNS on their increased holdings, but he didn't if the TRANSACTION was to SELL ALL but the transaction has not been finished or SETTLED.

Little sanction against overseas holders though but seems unlikely Rex would flout a requirement which would have no real benefit to him.

No excuse really for the BoD not to find out, as they've already done so after it was pointed out that RH was selling, with the BoD then issuing RNS via Company Registrar, but where virtually all listed companies have access to beneficial share reports on a weekly basis, which lets them know exactly what the situation is, reported or not.

In my opinion if this would explain the constant drip drip drip in the share price irrespective of good news, and if that is the situation, I believe there is a false market, with the City and probably the BoD having access to this information, but shareholders excluded from it, which is why there has been no substantial buying for quite a while, as they wouldn't bother to buy if they knew X number of shares were still to be disposed of.

If that scenario is the case, then there will come a time and soon in my opinion where an institution would issue a buy order knowing their order will mop up any remaining.

Even existing major shareholders would have the information, so may be content to watch the drip drip down, and then buy in the background.

That is why we need a firm statement from the BoD as to the status of Mr Hunt's actual holding, not his disclosed holding, which could be very inaccurate if selling is continuing, and with no RNS you have to draw that conclusion.

[tonyrelaxes] 11/8/2017 12:06

Is he still subject to AIM rules, being non-resident in UK?

[foiledagain] 11/8/2017 11:19

Yes

If RH has not to this date issued an RNS holding announcement, and Amerisur had to use the Company Registrar to confirm his holding had reduced then its common sense to suggest he is still selling which keeps him within the rules of holding disclosures if it was from a single sale order for the whole of his holding.

In my opinion it is wrong Amerisur shareholders are not informed and where the BoD should and could know exactly what the position is, as do City traders, and why none of them are soaking up massive buy orders....yet

Also allows them to short with absolute impunity, adding to the problem, and takes money off of both spread betters believing its on the bottom, but not being privy to the sell situation, but more importantly may also knock out long term investors of real shares, by either hitting stop losses if they are in place or helping to create an absolutely negative sentiment which may cause other holders to sell either in desperation, or with the fear that something dire is wrong, which I do not believe to be the situation.

If RH had finished selling, then to comply with AIM rules he would have had to make a holding announcement, and he hasn't.

[blackdown2] 11/8/2017 11:18

Seems logical.

[lucyp00p] 11/8/2017 10:56

Last time I bought, my trade @16.88 was green. Today all 16.88 trades are green. I'm thinking there is a huge limit sale order at 16.88 that has to be filled before the price moves. Does anyone concur?

[francis55] 11/8/2017 10:56

Its fair to say if Amer had any volume debts they would be folding any time soon.. 15p is new entry point for my money based on a 19.5p sell target..

[quidnunc] 11/8/2017 10:46

Same old same old.
Q.

[al101uk] 11/8/2017 10:07

Never going to make my fortune at Poker, play for pennies and average at best.

Don't have time to play much any more.

[lucyp00p] 11/8/2017 09:55

He shot, he scored, he must be Peter Ward. Good luck in the prem.

[davwal] 11/8/2017 09:34

Poker can work wonders for your football club. My team, Brighton & Hove Albion, play their first Premier League match tomorrow when hosting Man City. The chairman, Tony Bloom, who is a true supporter of many years standing, made a fortune of many, many millions from playing poker as 'The Lizard'. He now is invested in online gambling but his fortune has revived the club's own fortunes.
Meanwhile AMER's share price will develop bed sores if it doesn't move soon...

[ladeside] 11/8/2017 08:59

Lucy, I saw the "value" at 2p, 3p, 5p, 8p etc, etc. The mistake I made was NOT seeing the value at 60p +.

We are where we are, however I still believe manipulation is behind our low and stagnating share price, especially when you see how far we've come and also how much we've de-risked with ample cash reserves and steady production in place.

The real question is "what" is this manipulation hoping to achieve and why.

[al101uk] 11/8/2017 08:51

I'd suggest you start playing Poker Lucyp00p or at least reading up on the subject.

It's useful in that it teaches about working with known information and unknown information and how to maximise the chance of success. Poker theory has a lot to teach people who invest and you regularly hear the same mantra as you touch on in your post above:

"I play the right cards at the right times, but then some idiot comes along with 7,2 off and beats me on the river". They call them "bad beats", but they can instil a level of poker rage that makes them do things that are illogical (start playing bad positions and poor cards).

From the outside and in isolation it appears that the person playing poorly is being rewarded for doing so, but with poker, you can prove mathematically that this is not correct and that over the long term the vast majority of players who play this way will lose... this is a game with an element of chance, there are always exceptions... just like in investing.

The same is true in investing, bad practice over the long term will in all likelihood see you lose your money. Obviously there are exceptions, some people jump in to a no hoper stock with all of their money, that stock for some reason catches fire the lucky investor ends up rich.

That's a lottery ticket and most people who play the lottery do not end up rich.

Knowledge is power, but you also have to acknowledge the information you don't have and recognise what John Maynard Keynes said in 1883 "The market can stay irrational longer than you can stay solvent."

I do understand NEO up to a point and the key point from the links I posted above was the one made by the founder of Etherium, that using Etherium is hugely expensive. That's due to speculation and the relationship between speculation and the cost of the "service". It has to balance at some point and when it does all hell will break loose. Currently it's all speculation, the spin of roulette wheel, a poor hand in a game of poker.

[lucyp00p] 11/8/2017 08:31

Francis, while I used to agree with your mantra, Amer has taught me that sometimes it's knowing too much that kills you. The only thing the collective here don't know about this company is why others don't see the value. As long as that question persists ignorance is bliss.

[sarpanch] 11/8/2017 08:21

Positive news for AMERAmerisur Resources (AMER) on the CPO-5 block and Mariposa-1 where ONGC have officially filed as a discovery.The well flowed a controlled 4,601 barrels per day of 40.8° API crude with a restricted choke indicating "strong further production potential".A LTT will lead to production probably towards the end of this year. ONGC have a reputation for being slow, but once a decision has been taken to produce will back it with significant funds.AMER's 30% will therefore give them a substantial boost, which is why they have remained confident of their short and medium term production guidance.Although I have no worries about the Putumayo region it is comforting to see that this success up north can significantly add to their reserve base, increase production and therefore value.With the market currently showing little interest in E&P companies, I would suggest that this is an incredible store of value that will be unlocked, possibly with little notice. Accordingly, investors should keep a close eye on the recent uptick in activity in South America.

[francis55] 11/8/2017 07:28

Still in analysis mode. Rule no 1 dont buy if you dont understand. Rule no 2, always refer to rule no 1....

[lucyp00p] 10/8/2017 23:34

NEO now trading at 113. I hope you got on board

[paleje] 10/8/2017 18:41

IC took amer off their buy list last week after the production suspension news, they said 'under consideration'. They've added them back tonight in their share tips of the week with a buy recommendation.

Edit - Sorry that was out yesterday I only got the email tonight.

[bryet] 10/8/2017 16:28

The sooner the better.

[juuunx2] 10/8/2017 16:06

I'm the same Lucy. Every time I add it goes down but my past failings have always been selling too soon. Not this time. It's gonna turn soon I'm sure.

[lucyp00p] 10/8/2017 15:48

Juuunx2 only a fool would sell Amerisur. Although on past performance it would be a good buy signal for those left behind. My last 3 big trades Equiniti, JPM Chase and ARM have all done fantastic since I cashed them in to finance the South American oil dream - which has almost exactly declined by the same magnitude, if not a lot more. So if I sold Amer it would take off.

[bigwavedave] 10/8/2017 15:47

FSAwatcher - I'm 4 real. U just keep fillin them boots, yo. You'll be laffin. Trust me, bruv.

[al101uk] 10/8/2017 15:40

You're head will explode:

hxxps://www.coindesk.com/information/what-is-ethereum/

hxxps://www.coindesk.com/information/how-ethereum-works/

This looks better:



Best yet:



hxxps://themerkle.com/are-icos-helping-or-hurting-ethereum/

[al101uk] 10/8/2017 15:33

Chinese... well up for decentralisation, so I've heard. Especially when it allows the Chinese populace to bypass the Renminbi in business.

Beyond that it's easier to look at Etherium as it's effectively the Wests version of the same thing and it better documented. To make a decision on NEO you then layer on the fact that it's Chinese which adds risk, it's not as developed... which adds risk and... well... it's Chinese ;-)

It's also interesting to know what the funds from the CPO will be used for:

"To hire staff and pay them for the next 24 months".

Good vid on Crypto Currency and it's value here:



That doesn't stop it being a good roulette wheel to spin though, I'd feel more comfortable if I knew more about TA.

I obviously won't be touching it, not in my sphere at all, though interesting.

[fsawatcher] 10/8/2017 15:32

bigwavedave

jus u's concentrate on wot i sayin got it's got juicy bits in and no added water

suagr coated

i tell u wot happenin before it happen

jus like i told ya to sell when it woz 26p and said it going to 15p

i know i good coz i look at my wife and she most beautiful thing on planet

i very lucky