Amerisur Resources Share Discussion Threads

[acv74] 03/4/2018 10:33

ML it's been a frustrating start to the year, 3 months lost as far as I'm concerned and radio silence from our BOD for pretty much a whole month.I can't see a quick sale of the company, they seem to want to prove up some of their reserves first (so please get on with it!!)With no drilling going on the cash must be accumulating fast, c.$350k per day, a small investment in a share buy back or dividend programme would really help us long suffering investors.A 0.5p per year dividend or buy back is less than 1 months cash flow.

[moneylender] 03/4/2018 09:56

where are all the derampers this morning,
I want it below 15p again!

C'mon pull your fingers out

[foiledagain] 03/4/2018 08:39

The question isn't about RH selling, its about why the BoD appear to have not been seen to pursue shareholders interests, although who know what is going on in background.

They know whether there was a rift between him and them.

They increased the BoD. What for if you have such a heavy seller? Its just another mouth to feed at shareholders expense.

Even announcements of disposals gave the distinct opinion of Am being dragged kicking and screaming to do it via Company Registrar when they have the opportunity like every other City company of having daily reports on the changes in beneficial interests as there are companies that specialise in reports on even minor changes in beneficial ownership, however anonymised they look to us.

Meanwhile ordinary shareholders didn't have this information, creating open season for something very similar to insider trading, but difference being one of information available to some, but not to others.

This in my opinion caused speculative purchases by those who thought it would be a good short term punt, buying without the information, and then finding it was like catching a falling knife, not because of fundamentals, but because of prolonged selling, and a lot of these would have capitulated or been stopped out, so then it was not just RH's shares.

As there doesn't seem to have been any incentive for good news Amer seemed not to go out to create any, with the exception of CPO-5, outside of their jurisdiction and why would they with such a larger seller just devouring any good news for nothing.

Why for example have they not taken advantage via the Buy-back and Stabilisation Regulation, or is that what will be announced at the AGM after RH's holding has been whittled down.

The BoD will not be phased by RH and appear to have done nothing to assist him getting a higher sp, looking distinctly like a battle of will between Amer and RH, and because of that and seeing good news did nothing in the face of continued selling didn't go out of their way to make any. I don't buy the 'forced sale' as RH is not short of money, and Amerisur sale is still short change to him.

No recent share purchases by Giles or Nick doesn't send the best message to the market, and again was that because they knew exactly the status of RH intentions to dispose and the extent of the disposal, whereas others purchasing along the way didn't have access to such information and so they couldn't buy or sell to prevent accusations of impropriety being levelled at them. So nothing they could do would be perceived as right.

A difficult one for the BoD to play, as they could be damned if they did something and damned if they didn't.

Historically though Amerisur did some of their best deals after a period of what looked like news droughts, but where only after the drought and after a deal, the benefit of that drought was seen and then the method in their madness was visible.

[moneylender] 03/4/2018 08:29

Good question Eddie.


ACV we will be sold to get share holder value. There are two main factors here controlling a sale.
Firstly there is the light oil field that we have tapped
in the Lanos, we need to develop that further but oncg are the
operator there so we work at their pace.

Secondly the draining of the Puntamayo basin through the OBA. We have
Acquired a large slice of it now we need to get the pipe up to capacity. This will mean upgrading transit pumps in Ecuador, the first will be completed this year. I hope this s will not be delayed. Then and only then will we see substantial production increases. Both governments are keen for oil investment and production so I don't see hinderence there. In the meantime we await an overdue reserves update!

Typed on my phone so apologies for the spelling.

[kaos3] 03/4/2018 07:21

I was to write the same but then I redid my thinking into - something is going on beyond business as usual. I hope I am wrong - as they WERE selling oil I hope

[eddie_yates] 03/4/2018 07:18

Where’s the reserves update???

[sharesure4] 02/4/2018 23:40

Maybe it is just a case of the Board wanting to prolong a salary cash cow. The mystery for me is why the II’s put up with that and why there is seemingly no pressure from them to force salary reductions and a dividend. Also a move to the main market.

[lucyp00p] 02/4/2018 23:23

Can somebody tell me what the "authorities" could do? If the false market is simply the result of a long position being unwound over an unusually lengthy period in order to effectively defraud the shareholders compelled to liquidate in the meantime, surely that is a problem with the process and not the participants.It must be unprecedented or rare as hell to have a rational (?) significant shareholder prepared to sustain considerable financial losses on his or his investor's behalf simply to undermine the executive, and turn the company in to a laughing stock. Had the Harbour folk gone looking for a buyer, surely they could have found one or 2 prepared to effectively take a placing at a price north of 20pps instead of this.Perhaps we will become the poster child for the destruction of the efficient market hypothesis, or, for those insiders that actually know what's going on, the reverse. Perhaps, if the trades being processed are being communicated in advance, there is s case for insider trading but good luck getting that past Andrew Bailey.

[acv74] 02/4/2018 20:53

ML, interesting post, what's your prediction on the end game for this company?

[moneylender] 02/4/2018 17:25

Posted this a little while ago, bears out what we now see by Jpods post.

[bigwavedave] 02/4/2018 12:24

Cheers JPod. V useful to have the numbers set out like that.
Talking of numbers...reserves update and production figs to come.

[eddie_yates] 02/4/2018 09:41

Nice work JPod

[eggbaconandbubble] 01/4/2018 16:43

Well done and thanks for that, JPod!

It's very unlikely that all six of those fund managers have got it wrong. Still remains a mystery to me why the share price is so low.

[jpodtrading] 01/4/2018 16:02

I doubt they'd have an agreement between Rex and the institutions. Otherwise they'd just buy/sell at an agreed price in one massive trade I'd have thought.

People on here seem to be speculating that Rex is drip feeding sells into the market to kill the share price. He may well be doing that. But it's not a very smart investment move to do that really. So I'm thinking that's probably not the case.

In all reality I have no idea what's going on!

I put that table together to reassure myself there was nothing dodgy afoot.. I'm still non the wiser! But I don't think it's as bad as people are making out.

[tommygriff] 01/4/2018 15:11

How can the Rex selling be affecting the share price if the institutions are taking them all? There are more higher percentage holders now than before!Will they have an agreed price of 15p - 18p?

[jpodtrading] 01/4/2018 12:32

Blimey that took a while to figure out how to post an image on here!!

It almost looks like Fidelity, R&M and Hargreave are the ones that bought Rex's offloaded shares, just over 16 mil added by them together.

I'm assuming that the addition of Hargreaves and II at just over 3% are us clever punters buying more! I know my shares are in II.

I think my table helps show that things aren't actually as bad as people may think.

[harrisun] 31/3/2018 16:54

bryet

yeh so how many is he going to sell -all of amor keep some?

We dont know how many he left to go

[dodge city] 30/3/2018 16:08

Looks like he sold 4 million over the past month, surely the market could easily absord that.

[bryet] 30/3/2018 15:21

Rex has a hell of a lot shares left to go.

[jpodtrading] 29/3/2018 17:56

I'm not sure anyone's mentioned this? The major shareholders list has been updated:

[westmoreland lad] 29/3/2018 16:42

Underhill -- did you forget to include SMA ? Another disaster and still suspended under Clarke's chairmanship.