Amerisur Resources Share Discussion Threads

[lauders] 04/9/2018 13:57

With a production update, drilling news and results all due before the end of the month the chances for good news, for once, probably outweigh the chances of bad news now juuunx2. Hope that cheered you up ;-)

[the drewster] 04/9/2018 13:55

Results "should" show a mountain of cash since 16 well program was fully funded at $45/oil yet we'll be lucky to see 5 wells this year and oil is nearer $70

[juuunx2] 04/9/2018 13:32

Don't understand this share. Fundamentals great imminent spud news a plenty tipped just about everywhere and still being dragged south by persistent selling. Oil even testing one year high. Ahhh someone cheer me up for fksake

[astorcourt] 04/9/2018 11:57

15p is about right for this dog of a share

[foiledagain] 04/9/2018 11:37

ha ha. Was ever it thus

[quidnunc] 04/9/2018 11:35

A limited company is a legal entity in its own right.
Rather like Racehorse ownership, shareholders have an interest in the outcomes and a say in the management....all proportionate to the number of shares they hold out of the total issued.
Q.


Marriage is a legal entity in its own right but the shareholders take second place to the lawyers....

[jotoha2] 04/9/2018 11:22

It's like a coiled spring , higher lows and ready to go , but will it do it this time , 25 p is still the top line resistance , so certainly hot money will be in here for a nice 40% short term return ,!

[moneylender] 04/9/2018 10:35

Hot money in GGP today, AAOG tomorrow, Amer ??? about the 25th I think!

[odvod] 04/9/2018 10:20

acv74 - me too

[meneither2] 04/9/2018 09:45

To be fair Lucy that title is very relevant to amer shares atm.....

[kaos3] 04/9/2018 08:54

lingo - holders of securities not owners - what does legal term holder of security means? my broker holds securities (in his hands) - not me. it is about who poseses them not who owns them??

[foiledagain] 04/9/2018 08:33

Don't think for one minute I'm taking a pot at Charliee. Far from it. Showing the law does not mean I agree with it.

ski: No. When there is an offer to buy a company, control of the company can be decided by owning the shares, because then you may appoint yourself or your desired personnel as Director(s) who then effectively control the company.

So when you see a takeover attempt its often described as an amount paid per share for the outstanding shares.

The case you suggest, isn't a case its a definitive interpretation of law...and again its not suggesting I agree with it, but it is a definitive ruling.

Luckily takeover rules provide some safety, but shareholders are NOT deemed to be owners of the company in law.

Also the Companies Act offers safeguards to shareholders.

Text of General Principles
The following are the General Principles of the City Code (references to “offeree company” mean the target company):
1. All holders of the securities of an offeree company of the same class must be afforded equivalent treatment; moreover, if a person acquires control of a company, the other holders of securities must be protected.
2. The holders of the securities of an offeree company must have sufficient time and information
to enable them to reach a properly informed decision on the bid; where it advises the holders of securities, the board of the offeree company must give its views on the effects of implementation of the bid on employment, conditions of employment and the locations of the company’s places of business.
3. The board of an offeree company must act in the interests of the company as a whole and must not deny the holders of securities the opportunity to decide on the merits of the bid.
4. False markets must not be created in the securities of the offeree company, of the offeror company or of any other company concerned by the bid in such a way that the rise or fall of the prices of the securities becomes artificial and the normal functioning of the markets is distorted.
5. An offeror must announce a bid only after ensuring that he/she can fulfil in full any cash consideration, if such is offered, and after taking all reasonable measures to secure the implementation of any other type of consideration.
6. An offeree company must not be hindered in the conduct of its affairs for longer than is reasonable by a bid for its securities.

[kaos3] 04/9/2018 08:25

new paradigm to me FA - thank you a lot - taking over company through being elected is the best leverage at no costs - life proofs the concept

but then - who owns the company exercising ownership rights? if not shareholders

[sji] 04/9/2018 08:22

The shareholders own the company and not just for dividends. In fact, whenever there is an offer to buy a company, it is the shareholders that decide whether THEIR company is sold or not (provided that they have voting rights)! They also decide who should manage their company by electing a board of directors.

I think that what you are quoting might refer to a case where shareholders have limited voting rights such as in the case of preference shares.

[foiledagain] 04/9/2018 07:13

Are you sure of your law?

"And English shareholders are definitely not owners. The Court of Appeal declared in 1948 that “shareholders are not, in the eyes of the law, part owners of the company”. In 2003, the House of Lords reaffirmed that ruling, in un­equivocal terms."

Shareholders are entitled to a share of any dividends that a company might announce, but that does not seem to equate in law to owning a share of the company but rather a share IN the company for dividend purposes.

[charlieeee] 03/9/2018 21:24

As a point of law "we" own the company.

At AGM time "they" do take notice of "us" and next year could be quite interesting, unless they pull more than a few digits out.

These things go in cycles and Carillion might just be a step too far: time to rein in troughers and hand some powers back to "us", the owners.

[aceuk] 03/9/2018 21:07

Always makes me smile when I see people who are allegedly shareholders use "we", "us", "our", etc. like they are personally involved in whatever "their" company does!

You are a shareholder, bottom of the pile in every respect, get over it.

[oilandgas1] 03/9/2018 18:56

I understood that there were 5 wells being targeted??

Capex. Wells. MMBO
Putumayo 9, 17m. 3. 53.5
Putumayo 8. 10.5. 3. 26
CPO-5 5m. 2-3. 142
Putumayo 12, 11m. 3. 212
N Sand Platanillo 24.5. 5. 18.8
(Inc Pad 2N)
Total 68m capex

[moneylender] 03/9/2018 17:49

Trying to reconcile all of our blocks in the Putomayo basin, marked with red star.
Have I missed any and is Ecopet still owner of Put 13. My grey matter cant cope with it all anymore.

[alamaison5] 03/9/2018 17:45

The best ramping ever, lol.


We'll have $70m in the bank...

[podgyted] 03/9/2018 17:38

So we need £46.5m in the bank to frighten off someone with £6m of shares?!?!

RH must get a real ego trip if he ever reads this board.

[moneylender] 03/9/2018 16:51

RH still has 40 Million shares, he will play this to the wire!

The intrims could prove decisive, we need $60M at the bank, minimum.

[bryet] 03/9/2018 16:50

Yet another dull day makes you wonder what it takes to make this move up my breads stale waiting for that jam tomorrow.