Amerisur Resources Share Discussion Threads

[the drewster] 02/5/2019 10:08

the rules require notification whenever each percentage point is crossed. Anyone could move from 3.01 to 3.99 without declaration... or the reverse. So 10m could be traded without needing to inform anyone about anything, so long as a percentage point was not crossed in the process.

[davwal] 02/5/2019 09:44

Can only assume the seller is string-selling; they have started but not completed their disposal - at which point they should notify LSE. So it could drag on like RH’s saga.

[paradores] 02/5/2019 09:34

Davwal - agree. Beats me..? How much trading these days is dark pool? I think more than we realise but that doesn’t free large holders from their holding declarations. There has been a significant transfer of ownership since the NY.

[kaos3] 02/5/2019 09:32

it is called manipulation - selling and buying same shares all the time from different accounts with only small netto change in the position.

davwal - your statement just confirms it

I would even think that the board is part of it as the RNSs are written in a specific mode - followed by a specific counter logic shares dealings

just look where the share price is now after the CPO 5

makes no sense but for a clever long term shares accumulation by the connected parties till ALL sellers are exhausted during the years accompanied by long term incentive plan shares usurpation

[underhill2] 02/5/2019 09:31

Until we are taken over the share price will remain in the doldrums. All current Management give us is production targets that are never achieved and very little info on current drilling if any. We are nearly half way through the year and we all know that all the planned drills this year are not going to happen.

[davwal] 02/5/2019 09:18

Surprises me that the persistent selling hasn’t dropped one of Amer’s large holders below a reportable threshold.

[ghhghh] 02/5/2019 09:14

I posted yesterday that AMER must be a prime takeover target.

Discredited in the City - under performed re achieving targets and reputation for greed. Corporate Governance?

Attractive assets:

Pipeline strategic value

CPO-5 potential upside (get in now)

Occidental farm out - RBC calculate $51.5m carry for under $10m outlay

Cash

Directors only hold under 3% so in no position to fight hostile bid.

[11_percent] 02/5/2019 09:04

Thinking the unthinkable is...……..that its a scam...

[responsible investor] 01/5/2019 18:09

The AMER share price performance has been atrocious, production is lower than 4 years ago, reserves have hardly changed, the OBA is transferring far less than was indicated by the Board 3 years ago. Meanwhile the Remuneration Committee (controlled by the Chairman) has again awarded fully paid shares to a number of Board members - no problem with share issues to non-Board employees - and huge salaries for the part time Chairman, the part time Finance Director and for the CEO.

What is holding the company back? Inexperienced Board members consisting of Directors more keen on feathering their own nests than looking after shareholder interests.

Shareholders need to improve the image of the company by bringing in reputable experienced Directors capable of generating financial returns for members of the company who have invested their own capital. It is notable and scandalous that the actual amount of investment by Directors is minimal by comparison with their fees/salaries and the amounts which they have awarded themselves over the years under an egregious "incentive scheme”.

I intend to vote against the resolutions which will be proposed at the AGM to be held on 14 May 2019 for the adoption of the Remuneration Report and for the re-appointment of the Chairman i.e. resolutions 2 and 4.

I hope other shareholders including the institutions which hold a majority of the shares of the company will do the same.

[moneylender] 01/5/2019 17:51

They already have in the form of LTIP awards!

[paradores] 01/5/2019 16:07

Think the unthinkable - buy more..?
I can’t bring myself, just yet. Let’s have some clarity on w/os in Plat and concrete plans for developing CPO5 then I’ll have a few more.

No doubt a festive platter will be presented with the AGM. But this time the Exec won’t get to run off with an oversized doggy bag!

[tyler durden1] 01/5/2019 13:27

As stale holders sell out through nothing more than fear the share price will go lower rather than looking at the fundamentals, you can bet your soul that others are quietly adding and laughing about how they got shares so cheap and where a takeover at some stage will happen as GC and JW will want to capitalise on not only their options but the shares they have bought.

[spudders] 01/5/2019 13:04

....like keep adding to your position. I’ve added recently just to reduce average, not a good policy but it might turn out ok ???

[11_percent] 01/5/2019 12:30

Could be time to think the unthinkable here......

[astorcourt] 01/5/2019 12:19

they not taking their roles seriously, but they are well paid.

what keeps JW in the jungle? is it the drillbit or the village bars?

Nowt surprises me here.

[astorcourt] 01/5/2019 12:17

He should not have been on the slopes. he should have been looking at the seismics and planning the next spud.

[lucyp00p] 01/5/2019 12:16

They know nothing more. If they were that smart, they wouldn't have been here in the first place.

[lucyp00p] 01/5/2019 12:13

I didn't wish them dead, I wished they were on holiday. How you want to distort the facts is down to your twisted narrative, not mine.

[11_percent] 01/5/2019 11:45

quidnunc
30 Apr '19 - 22:31 - 19360 of 19392
0 2 0
It’s a Flying Dutchman share and the reason the city doesn’t like it is too many shares in too few hands. It looks like a public company but operates like a private one.
The share price is only going to go up when the controlling interests decide that they want to capitalise on their investment.
Stagnating share price is why Rexy sold out and moved on.
I’ve an outside hope that the move back to London perhaps heralds the beginning of an exit strategy but I’m not holding my breath.

============
quidnunc has a point.
However, "The share price is only going to go up when the controlling interests decide that they want to capitalise on their investment." would mean they have a mechanism to do this.
If they are controlling the share price ....it would mean they have a mechanism to reduce the share price ...fairly common with AIM shares.

[swerves1] 01/5/2019 11:42

I think the company should be giving monthly updates. Quarterly reporting is not good enough imo because it allows the BOD too much room for complacency and lack of transparency!

[tyler durden1] 01/5/2019 11:36

Some of those are ancient!

You must know that as you posted recently major shareholders comparison?

The portfolio dates don't tally with AIM rule 26 major shareholders list published on Amerisur

[moneylender] 01/5/2019 11:29

From LSE board this morning, looks like plenty have been selling!



What do they all know that we dont?

[tyler durden1] 01/5/2019 11:26

A low share price would be logical if company were going to engage in a share buy back to soak up any shares and possibly thwart a dedicated seller

I was surprised at RH selling down, as usually he is not afraid of doing much more as in Maudore Minerals.

[11_percent] 01/5/2019 11:20

I have only been in this for 3 months, and it has not gone as I expected, mainly for the rea-sons that have been posted here.

However, I started looking at the basics.


Under delivery.
I came on-board when JW was doing his rounds and promoting the company, Malcy inter-view etc. It sounded great, but 3 months on, I now know it was a pack of lies.
When JW did these interviews, he must have know there would not be 10 drills this year.
Is he a complete idiot who believes his own fantasises. This is hard to believe.
He must have know that he would look like a complete idiot in eyes of the London financial community in a few months when nothing happens. The financial community must have been shaking their head and having a good laugh…..”;here he goes again.”

The question is…why is he doing this………….fantasist or liar.


The share price graph.
The recent slide from 14p is nothing new and is constant feature of the share price graph.
There seem to be periods of no news (AMER do not do RNSs) where the share price just slides. This is unusual.

There is something far wrong here……will keep looking.