Amerisur Resources Share Discussion Threads

[aceuk] 17/8/2017 13:08

al101uk does all that mean our friend Rex is obliged to notify whether or not he is UK domiciled and/or whether or not the transaction has completed i.e. each time a threshold is crossed?

[foiledagain] 17/8/2017 13:01

a101uk. A good idea, but I don't believe RH has ever had 25% which is the lower threshold for consideration as a person with significant control.

The notification threshold also contains the caveats already shown regarding SETTLEMENT, as the criteria for notification making it possible to legitimate avoid notification if its a one deal transaction yet to be settled.

Like most of the financial laws, they seem to go out of their way to leave massive loopholes, not deliberate of course?

[laptop15] 17/8/2017 12:55

Whats with 633 buys today??

[foiledagain] 17/8/2017 11:39

Charlie. Did RH notify on crossing the threshold from below 8% to below 7%? Y or N?

For the record we know that answer is No. The company were informed of disposals taking place and used the Company Registrar rather than a holding announcement from RH to notify (22/3/17).

It is the responsibility of the seller to issue the holding notice (if they have finished a single transaction that has been settled)

[ladeside] 17/8/2017 11:29

I'm pretty sure RH isn't in the least bit concerned from the financial aspect, as his total holding is just pocket change from his perspective.

[foiledagain] 17/8/2017 11:23

retail: that's not accurate information though as Amerisur had to get Company Registrar to confirm it. THAT WAS FACT. In doing that they confirm they can find out, but it looks as though they want to keep that info to themselves and to the City.

Charlie, you haven't got a clue what RH has done if its not reported or disclosed (and nor does anyone else without that information provided) and we know previous sales of his shares were not disclosed, they had to be found by the Company Registrar

[charlieeee] 17/8/2017 11:20

RetailRonnie

The voice of common sense and a post based on fact.

Between the dates given, end of March and June, there was better volume and it would have been possible to dump far more into the "Mariposa rise", but RH did not. That fits with the BOD discussions at the AGM.

As your post says, he was close to the 6.13% thresh hold and it is reasonable to assume that, given the number of shareholders calling foul, the company will notify when (or if) he goes below 6% (should he fail to comply).

My assumption is that he is not a complete fool and will not be dumping stock at these levels, given the much greater possibility that the company will be taken over.

Addressing your point, Lucy, I would suggest that RH always thought that the exit route of a GC company would be the sale of the whole entity and therefore did not anticipate having to make an on market disposal.

[john henry] 17/8/2017 10:58

Davwall the seller ends up selling against themselves as volume drys up because of their selling. They will get less and less for their stock.

[bryet] 17/8/2017 10:50

All we can do is hope the seller soon reaches the target he/she set. Up to then we are all going to suffer.

[davwall] 17/8/2017 10:38

The persistent block selling of c100k lots is quite odd. From 25p to about 16.75p the seller is down £7k per trade. That equates to serious money on the scale involved. So you have to wonder why the relentless drip, drip. Clearly the seller wants out but isn't desperate, so why not give it a rest for three months? The slow selling actually suggests the seller doesn't want to flatten the company but currently everybody suffers, because the trading volume is drying up as a result as the price erodes.

[retailronnie] 17/8/2017 10:31

According to major share holders page on web site, RH only sold 3.6m shares between end of March and end of June. Taking his sh from 6.43% to 6.13%

hxxp://www.amerisurresources.com/images/aimrule26-documents/AIM-Securities-Information-30-June-2017.pdf

hxxp://www.amerisurresources.com/images/aimrule26-documents/AIM-Securities-Information-31-March-2017.pdf

Was expecting more.

Not been huge daily volumes since end of June either.

[lucyp00p] 17/8/2017 10:26

This whole RH fiasco demonstrates the folly of building a large position in a lightly traded secondary market company if you don't actually plan to own it all. If I were looking to invest a large sum in Amer - which is a fundamentally good move right now based solely on potential, how do I get out quickly if prospects diminish without wiping out all my profits and then some? If RH can bring us to our knees out of spite surely it's time for our village hall executive to look at a full listing, appropriate levels of governance and accountability and access to a market which doesn't collapse the share price like a Jenga tower every time somebody of significance cashes out. I guess until this is fixed we will remain the darling of the amateur value investor and ignored by any significant players.

[tsmith2] 17/8/2017 10:06

Looks like Amer falls with a softer POO but doesn't go up with it.SP is, I feel, clearly being manipulated

[davwall] 17/8/2017 09:55

Well, there could have been another post on the subject, but I posted this in June...

Thinking of lots of jam, RH had just over 83m shares left back in March. If he is the persistent seller drip-feeding his holding and disposing of circa 4m per month he should be done by autumn 2018... Must be time for an update on that situation.

Note the year!

[eddie_yates] 17/8/2017 08:53

Good post as usual Foiled
Lets hope you're right

[foiledagain] 17/8/2017 08:43

Getting into dangerous territory for those on the sidelines now if RH was disposing of all his shares.

It seems like everyone in the City is aware of the selling, and Board have that facility if they choose, with the only people not knowing precisely are cannon fodder shareholders.

Some time ago someone calculated that at that rate of disposal with that amount of shares it would take until October to dispose of all of RH's shares if that was the situation occurring, and having no final RNS on disposal from RH it looks likely.

However, with the City aware and obviously holding back buying in quantity, and institutions doing the same, there will come a time where the calculation on disposal rates would not be effective because the same people that already know will want significant chunks of holdings before they are exhausted.

So its quite possible that a significant block of shares could be snapped up in the next few days, which would throw a real spanner in the works and its a question of who blinks first in either closing short positions or seizing whatever shares remain knowing a false market will end.

The BoD have not come out of this well in my opinion, as they could and should have notified holders as to what is happening, or at least issued some statement, but it is part of a strategy yet to unfold. Amerisur have history of pulling significant rabbits out of the hat.

[laptop15] 17/8/2017 07:30

Code 100 if u believe that....mms need shares.....just after market close yesterday

[juuunx2] 16/8/2017 18:32

Agreed chopper. Nice to have some positive input.

[lordyjordy1] 16/8/2017 17:02

Hi guys

Does anyone know the next few steps in the drilling schedule as outlined in Amers presentation? I understand plantanillo 25 is next?

[chopper harris1] 16/8/2017 16:14

Had another small top-up this morning. Whatever games (if any) are being played here I can't see any news which may currently be being held back being any worse than that contained in the operational update of 3rd August.

No debt, cash in the bank, 30% of what appears to be a blockbuster of a new production area, ever-increasing daily production and ever-improving cost-cutting and money-earning utilisation of the wholly-owned pipeline.

This drop in the share price is baffling but it HAS to turn around at some point. I think beginning of September will see a significant upside in interest and sentiment. AIMHO.

[blackdown2] 16/8/2017 16:05

Look at the chart over since GC took over as chair and you will see that this type of drop has happened before. Apart from the drilling risks - and their track record here is pretty good - the main uncertainty is the political/social situation in southern Colombia. From what we have been told, this seems to be stable (and not too hostile toward the company) but you never know.

If a bid came in, I wouldn't be surprised to see it pitched at around 35/40p.

[bryet] 16/8/2017 15:50

Hope bad news isn't coming this has happened twice to me in the past and twice I've been stitched up hope I haven't passed my bad luck on to you guys.

[djj2014] 16/8/2017 15:21

I decided to sell out today. Managed to reinvest in srsp just before they got suspended.