Amerisur Resources Share Discussion Threads

[tonyrelaxes] 10/5/2019 10:26

Online voting closed an hour ago.

Your only chance of voting now is for you or your proxy to attend and vote in person (with a Letter of Representation if you hold through Nominee Accounts).

Would Link inform the BoD now of the online votes? Or are they kept in the dark as much as they treat PIs?

[lucyp00p] 10/5/2019 09:47

I like (sic) the suggestion that this AGM is going to be a love fest between professional investors and the board. This is the first time private and professional investors will gather in meaningful numbers at the same venue - the St Mellons agm being followed by a dash to the city in the past. Professional investors have to justify their positions to their clients and their management even more than I do, and I doubt they have ever been more consistently misled than by Amerisur. I hope they show some balls and bring the heavy ammo this time.

[tsmith2] 10/5/2019 09:37

apparently, the share price fall is a mystery to malcy. says the shares are worth a multiple of current price

[wskill] 10/5/2019 09:16

I dont see any problems going forward with partners of the caliber of Oxy and ONGC this will be in less than 18 months transformational for AMER and I for one will continue to add to my holding.

[underhill2] 10/5/2019 09:13

I agree. All the resolutions will be passed as normal. Nothing will happen until the larger Insitutional investors vent their frustrations with the current Management.

[foiledagain] 10/5/2019 09:02

As the Board seem so mindful of transparency for voting at the AGM, with photo ID etc., they would be as transparent about other shareholders including those who have taken extraordinary steps to be non transparent, and also be as transparent about operational procedures, drilling or lack of and progress or lack of.

[mickinvest] 10/5/2019 08:57

I don't see much reistance to the board other than disgruntled small shareholders and all the resolutions will be passed as normal. Maybe they expect a protest relating to the Guardian story and have taken measures to ensure the AGM is not disrupted? Just another angle?

Mick

[foiledagain] 10/5/2019 08:51

Lucy

Good point about photo ID because as far as I know the shareholder register doesn't have any photo ID nor the company, so how do they know the picture is of the shareholder as it doesn't request proof of ownership. I suspect they have f up again and what they really require is validators evidence the person claiming to be the shareholder has a document showing their name and address similar to the info required in countering money laundering.

Can see the fun now at the AGM with shareholders having gained their letters of allotment turning up with just a picture of themselves, which validates nothing as presumably the company do not yet have our pictures!

[treasure] 10/5/2019 08:43

Tsmith2,yep I do, thought there may be some news released today or Monday prior to agm. The trouble is, if they mention a buy back or even a divi, some posters on here are so entrenched in negativity it will be said that it is not enough, more about lining the BOD pockets etc etc. My determination as to whether I have made a good or awful investment decision will be around the end of next year. Nearly every day there is a very late a trade as a small sell at 16:29:59, whilst I will be critiqued for saying this, but why does someone feel there is a need every day to do this. There must be something happening that we are not privy to but the share is being controlled, as luckounts says here quite frequently in his posts that a share buyback should have happened by now and I agree with that, so why aren't they is my question. People will argue that the money is needed to furnish the costs of all the drills etc but I don't buy that. You only need to check last years agm resolutions regarding a share buyback, they could have bought 10 percent back but have bought none. Now if someone says that was because the share price would rise and they would not have been able to buy millions quite cheap as they did a number of months ago....feel that the link up or buy out by GTE is on the cards followed by OXY then taking out the combined outfit and buy then Ongc will get the option to take the 30 stake in cpo 5 and OXY get putamayo and the OBA.

[tsmith2] 10/5/2019 08:42

I don't think the photo ID is a major point, the silence on the operational front is though

[lucyp00p] 10/5/2019 08:40

They have never let you vote without proof of ownership, but this is the first time photo id has been requested.

[foiledagain] 10/5/2019 08:34

Mindful of the Danny Baker sacking please excuse the word Mich as a shortened version of Michinoko, but you could visualise an individual turning up at the AGM claiming to be Mich I. Noko and trying to cast 134,452,585 votes without any validation procedures.

[foiledagain] 10/5/2019 08:30

TONY
OOPS edited as the info was on my letter. Shows how much attention I paid to it.

Tyler: as far as I am concerned it has always been required and rightly so that the company ascertains that people who vote at AGM are bona fide shareholders with the number of shares they claim. I would not have it any other way.

Perhaps retrospectively an RNS as the recent one should have been produced earlier, to enable shareholders who were not aware to make arrangements, but I suspect the reason for the RNS in the first place was to clarify.

The Board are right to demand ID and evidence of shares held in beneficial ownership. We would all complain if you didn't have to prove ownership, because it would mean anyone could attend and claim to have whatever number they plucked out of the air.

[tsmith2] 10/5/2019 08:19

Anyone sense a very comprehensive AGM update and even some news regarding drilling?

[the drewster] 10/5/2019 07:56

If Occidental and ONGC get on with drilling then the share price will take care of itself eventually. Frustrating that so little is happening when so much was promised.

[underhill2] 10/5/2019 07:53

The quicker Amerisur is taken over the better for all private investors. We are going nowhere with this current Management. Hopefully this will happen sooner than later.

[lucyp00p] 10/5/2019 07:35

I'm a private investor. Even if I was standing face to face with him, he would neither see me or listen to me.....or, give a sh*t about my opinion.

[bigwavedave] 09/5/2019 21:49

Tony - re WTF? Completely agree.
AMER were asking for letters of representation years ago. One year mine didn't arrive in time but I had a print-out of my account instead. After a bit of haggling, I was allowed in and told I could not vote at the meeting - fair enough. Looks like that won't be permitted this time.
My shares are in ii. I asked them on Tuesday for a letter. It arrived today by First Class mail. I have voted online last week. Easy peasy. I hope to see you in London.

[tonyrelaxes] 09/5/2019 20:55

WTF is the confusion?

I've linked to on-line copies of all the paper in envelopes through the letterbox (letters?) that was received by two "Certificate Shareholders" this year and last.
Those and (almost certainly) others were sent to all Nominee Account operators on the Register.

If you chose to hide your identity from the Registrars through Nominee(s) you must expect to be lesser informed and adjust accordingly.

Much as I disapprove of their apparent tactics, I don't think you can fairly cry "foul".

I've provided what I know. Time for you to put up or shut up.

Your move!

[tyler durden1] 09/5/2019 20:39

Tony, you are quoting different though. You referred to the letter to shareholders, of which there is ONLY ONE example on file.

Every year there is notification of AGM in RNS, but you specifically mentioned shareholder receiving a letter, when the same files suggest only 2019 was a letter sent to shareholders, or more accurately, to some shareholders because if you never received and files show that no letters to shareholders were sent in previous years you wouldn't suspect there was a letter, or the requirements for letters of registration and ID until you saw an RNS, TODAY'S RNS, which would be too late to do much about.

As far as the media files go they confirm that only this year did a letter go to shareholders. Its the only letter on file.

Its just too coincidental that this will effectively block many from voting.

[tonyrelaxes] 09/5/2019 20:28

Tyler.
Is not physically mailing to all addresses on the Share Register and at the same time putting it on the Website, informing everyone at once?
I’m not trying to prove any argument. I stated what I saw therefore know, at least to the limits of my memory (usually good) and knowledge (variable).

Yes, I’m sure. By letter I mean an envelope containing paper(s) coming through the letter box. This year one letter was received, as I linked earlier. Earlier years contained more documents (as below).

As you don’t seem to have done so, successfully at least, I looked back via the AMER Website – Reports and Presentations – just above the “Final Results Presentation April 2018” - “Notice of AGM to be held on 15 May 2018” and “Proxy Form” on the same line.

Here are the direct links
hxxp://amerisurresources.com/images/rns-pdfs/Notice-of-AGM-to-be-held-on-15.05.18.pdf
hxxp://amerisurresources.com/images/rns-pdfs/ProxyForm-for-AGM-2018.pdf

These are the paper documents which both my Partner (Good Lady) and ex-Partner (business) received in the mail last year. I know this; I still have them in files (heaps of papers!) back at my UK flat. Doubtless my own shareholdings were part of a large ‘hard mailing’ to the two Brokers with my own holdings in their Nominee Accounts.

This has been the pattern for many years. But this year (2019) it changed and they both received only the hard copy, printed, letter I linked to you earlier.

It’s getting late in the evening here and I don’t have enthusiasm to delve back prior to 2018 for you but hope, if you are not convinced, you can do as I just did.



To all.
Compare Note 2 of last year in the link to the current one I gave earlier and today’s RNS. Last year they said “You may be asked to prove your identity to gain admission”.

Hmmm ....
Something has definitely twitched them up to attempt to reduce heat by seeking at this late date to impede people attending.

[underhill2] 09/5/2019 18:16

I reckon you wont have the nerve to tell the Chairman to his face what you think of him. Despite what you think of him he is a very wealthy businessman and very clever

[tyler durden1] 09/5/2019 17:23

Tony

you sure. Company image files only show one letter 2019 on record?

RNS: No don't agree as the whole point of an RNS is to inform everyone at the same time.

Otherwise rules on disclosure would just say send shareholders a letter and then some might receive it, some might not and some might be away on holiday or even moved address but all would see an RNS notification and most shareholders look out for RNS just in case Amerisur ever get round to drilling.

Can you give a link to any other letter to shareholder other than the 2019 just to clear it up.

Not disbelieving you, its just I could not see any other letters on Amerisur's own files.

Rule 20 of LSE AIM rules makes it. requirement that any document sent to shareholders should be published, but I can only see the 2019 letter.

[tonyrelaxes] 09/5/2019 17:17

Tyler.
Each year since 2006 she received a paper letter from the company notifying her the Annual Report is available (but not enclosed) and enclosed a separate printed Notice of AGM.
A former business colleague, also a Certificate holder, receives the same (he always rings to ask if he should do anything with it).

On the other hand since the same time, all my AMER shares are in Nominee Accounts - 3 accounts at 2 brokers. I have never received anything on paper, from the company nor the brokers.

The only difference this year is, as in the printed and on-line letter, they are not sending out paper Notices.

Separately, an RNS is not a process for informing Shareholders but the Market.

[fsawatcher] 09/5/2019 17:05

a wibble wobble , a wibble wobble