Amerisur Resources Share Discussion Threads

[thegreatgeraldo] 18/1/2019 13:51

gersemi
18 Jan '19 - 13:43 - 16229 of 16231
0 0 0
I knew this would turn blue ;)

..You were worrying about "shorters" earlier ;-#))

[the drewster] 18/1/2019 13:46

If Occidental invested $94m for the 50% stake in some assets, you'd imagine they must see value of $190M+ so AMERs 50% is worth the same.

CPO-5 having even just 20M barrels for little AMER adds another $200m+

Then add the OBA and other assets

Plenty of upside in the share price from these levels

[gersemi] 18/1/2019 13:43

I knew this would turn blue ;)

[tom111] 18/1/2019 13:38

could be the last time to buy before results and update,would you want to take the chance of being out over the weekend?

[mad foetus] 18/1/2019 13:20

Can sell for 18, thought I'd never see that again. Really motoring now!!!

[winnings1] 18/1/2019 12:48

The share price is currently down to the level at which the Directors bought wholesale only about two weeks ago. I am pretty sure the Directors did not buy for a laugh, they bought to substantially gain from the massively improved prospects in respect of discovered reserves and reserves about to be discovered. This is not a time to sell, IMO.

[mad foetus] 18/1/2019 12:45

The share price has not been "Amazon" today!

[knackers] 18/1/2019 11:58

Roll, always wise to have some dry 'wiggle room', as I do too ;o) but see v little downside from this still incredibly depressed share price The news here has been astonishingly good, miraculous we're all still able to build our positions and trade on the tops and drops.

[charlieeee] 18/1/2019 11:22

Gersemi

Rex Harbour is long gone in any meaningful size.

He used his firepower to get the share down to 9.5p. Having disposed of 1% in little than a month in a very low volume period, he only had 2.83% at the beginning of September 2018: dumping at that rate clearly saw him gone in November and given the high volumes,his exit was facilitated. You need to remember that when his holding diminished, there was little cost to the dump and that was why it escalated.

Shorters always rode on the back of him and there are still shorts to be closed by those who got caught out, by the OXY deal.

The intelligent analysis here focuses on the contradiction between fundamentals and actions taken by those more "TA" driven: the former tend to be LTHs and as such, do not affect the market to any significant extent. The latter, mainly traders, and because of that, making the majority of sales and purchases and thus forming the market, are currently driving the SP: they are disciplined to take profits and that is what you are seeing.

I would also speculate that the MMs may not have had sufficient shares to satisfy the market on its recent mega rise and may also have a vested interest in rapidly reducing the share price to trigger stops and shake confidence: the classic "tree shake" a game they continually play.

What LTHs have to hope is that sufficient of the new purchasers are also intending to be LTHs and can see the potential here for another Emerald Energy by JW, the discovery of the decade, light, cheap oil to extract in huge size, with wells that produce for years, giving real return on every £1 spent sinking the well (unlike the shale ponzi scheme!).

The fear for LTHs has to be a predator: that is always the result of the market failing to recognise value.

[davwal] 18/1/2019 11:10

I took a few more this morning anyway. Accept it could be cheaper on Monday, but the longer game looks pretty solid now.

[tsmith2] 18/1/2019 11:06

Calao-1, targeting a structure alongside Indico to the southwest, towards the Aguila structure expected to spud in January 2019. On a simple structural basis, the Company estimates potential resources at Calao of between 2 and 7 mmboexpecting this to be confirmed next week.

[bigwavedave] 18/1/2019 10:57

O/T IRON up 54% today. I wonder what GC is saying at the AGM...

[gersemi] 18/1/2019 10:41

300k sell at 17.60p. That sell is definitely not your average shareholder

As long as I know the selling is down to the malicious Harbour rather than fundamental related then fair dooooo's

[xxnjr] 18/1/2019 10:41

Same here Rollthedice.

[davwal] 18/1/2019 10:36

‘This is not normal price action’...

Actually, where Amer has been concerned for two years this ‘action’ looks entirely normal. The sells look classic Harbour, despite several folks telling us he’s gone. In my view he’s still dribbling the remainder of his once massive holding.

[moneylender] 18/1/2019 10:31

Rolled the dice I think that's a very good option.

[lucyp00p] 18/1/2019 10:27

Taxes due on Jan 31st for a lot of investors. No point in clinging on if you see short term gains being eroded with no substantive developments before month end.

[sogoesit] 18/1/2019 10:25

@tyler durden, Post 16196:

An example of variance of reserves estimation against outcome:
The UKCS Brent Field: 1.8bn boe at FFID in the mid '70's. Field life, 25 years.
Ultimate production: approx. 3bn boe. Field life, 40 years.

Of course variance plays to the upside and the downside and is always dependent on the assumptions which, in turn, vary.
A 10% variance in future reserves estimations is not credible as most in the industry would know. The WSJ, like most journalists, start with an agenda then attempt to manipulate the "facts" to support the conclusion.

[rollthedice] 18/1/2019 10:24

If Q4 production figures are poor there'll be a harder treeshake than this IMHO irrespective of the recent news. Keeping some powder dry for that eventuality.

[knackers] 18/1/2019 10:11

FFS pardon my French but it's a CLASSIC tree-shake! and there could be another this afternoon. And there could also just as easily be a blue close.

MMs playing the share price like the proverbial college organ. End of.

[thegreatgeraldo] 18/1/2019 10:07

avsome1968
18 Jan '19 - 10:03 - 16208 of 16208
0 0 0
Nicksig; Just be lack of news investors get nervous taking profit

...Sure you mean that traders get nervous, or rather get bored...

[nicksig] 18/1/2019 10:07

gersemi - assume what you like. I couldn't give a toss. I think you might find that people do take profits after an 80% rise

[paradores] 18/1/2019 10:06

G,

If your definition of *shorted* is peeps who top sliced last week and now awaiting lower re-entry price - fine, OK.

You don't *short* 200+ feet of net pay unless certified

[avsome1968] 18/1/2019 10:03

Nicksig; Just be lack of news investors get nervous taking profit cant blame them if there's a chance of buying back in couple pence cheaper they've made a wise choice but personally am not a trader not glued to the phone all day unfortunately I have to work so long to medium term picks for me good luck to the guys that are in and out.