Amerisur Resources Share Discussion Threads

[moneylender] 04/1/2019 11:00

I wonder if JW will be attending the Iron AGM next week? I might pop along and see, anyone got the details?

[tyler durden1] 04/1/2019 10:36

Had it spot on from day one

[charlieeee] 04/1/2019 10:36

It certainly is a steady re-rate and has not yet added the 8p per share for the OXY deal, let alone the Indico 1 results. What would really help is an announcement that they have got a second rig for Sol 1, as that would signal a serious drilling campaign.

[knackers] 04/1/2019 10:24

To think there was a director buy at 13.5p on the initial OXY farm-in on 23/11/18 and where are we now...? This is one very steady re-rate, whilst steady is a state I'm very happy with, am struggling to believe this is STILL sub 20p! Bonkers.

Go help yourself! I M V H O

[retailronnie] 04/1/2019 10:18

imo the lack of activity and broken promises (which caused the lack of buying) is likely due to the Occi deal which must have been going in the background for many many months (how much due dil would a company like Occi due?). I've been part of deals like that in the past know how much time and focus it consumes. When you're in that situation, you don't want to rock the boat. imo it is much more likely the reason for the delay in activities than putting everything on hold until RH had sold out. No doubt RH (and other sellers) had an effect, but amplified hugely by management inaction.

But let's move on and enjoy the future.

[gersemi] 04/1/2019 10:10

tgg - Yes, spot on. Proving up resources is the way forward as that ensures value accretion transfers to AMER before any potential bidder(s) arrive on the scene

commercial value of resources v commercial value of reserves is surely a decent margin increase....

[thegreatgeraldo] 04/1/2019 10:07

reasure
4 Jan '19 - 09:20 - 15532 of 15539

Just need one of those dividend are on the discussion table comments now to keep a naughty low bid takeout offer in the buffers

..Best way to avoid a cheap bid, imvh, is to get the share price moving north by getting busy on the drilling front. Turn a chunk of those prospective resources into reserves

[mad foetus] 04/1/2019 10:07

Buy the dips. Follow the directors. Simple

[lbrokes] 04/1/2019 09:57

Ah - thanks ! Onward and upwards ??

[mister md] 04/1/2019 09:50

added some at 18.56p. Afternoon might be stronger

[dan de lion] 04/1/2019 09:42

And the price of oil continues to rise.

[avsome1968] 04/1/2019 09:41

ONGC wont let it happen 93m farm out deal these 2 teams have a good bond work well together no dept no pressure to sell exciting times ahead

[bryet] 04/1/2019 09:37

A lot of profit taking if you bought in at 10p why not?. Just wish I had!.

[mad foetus] 04/1/2019 09:30

Top up time again. Buy between 9-11 am to catch the daily dip.

[fadilz] 04/1/2019 09:22

Well my own way of assessing the share price relies on the NPV model, about which I have posted over an extended period. What I will say is that over the period Aug 2013 to Aug 2017, changes to NPV (function of reserves, production, profit per barrel), were closely mirrored by a corresponding change in share price.

That relationship broke between Aug 2017 and now, with share price significantly below what I would expect given NPV movement. The share price now is approaching what the model predicts - that is somewhere around 21p. So we seem to be returning to some kind of normality.

Is that an RH effect? He was selling just as much if not more in 18 months leading up to Aug 2017, and since it had no effect then why since? To my mind the RH discussion is tiresome, especially since it does/did not provide any actionable guide to buying/selling - so I did and do ignore it. Constant repetition does not make it true, I am not convinced by the evidence, and have in any case (to my satisfaction) a better way to assess/predict the share price.

Plat was always seed-corn for development of new reserves and production, and this is what will determine share price, along with profit per barrell. It is clear that we are at last making progress on all fronts on the back of some fantastic acquisitions and deals, and 2019 should see multiples of current sp, though low 20s is fair for now - I will post more when parameters of CPO-5 become clearer, or if Plat produces more than 4k.

[treasure] 04/1/2019 09:20

Just need one of those dividend are on the discussion table comments now to keep a naughty low bid takeout offer in the buffers

[avsome1968] 04/1/2019 09:17

rich harbour ex major shareholder who had 150m shares thet's why price got dragged down he's sold out now as you can see share price moving north

[lbrokes] 04/1/2019 09:02

What is RH?

[kemche] 04/1/2019 08:51

As long as we are concentrating on the important things............

[lucyp00p] 04/1/2019 08:38

Ironic that you would post this comment. Ha ha clunk. Sorry, just laughed my head off.

[gersemi] 04/1/2019 08:20

Let people express themselves and allow them the freedom to say whatever they want. Fascist-Marxist mentalities everywhere I look