Amerisur Resources Share Discussion Threads

[davwal] 15/5/2019 09:26

On the scene in what way, given his holding is sub 3% - what leverage do you think he has - is there evidence of his impact?

[tyler durden1] 15/5/2019 09:11

Rexy still on the selling scene and BoD know it.

[99barracuda] 15/5/2019 08:32

Pipe down, hehe

[foiledagain] 15/5/2019 08:15

NO. It starts off at 80m, along the road (excuse the pun) it hits problems and becomes 800m, then hits a bottleneck after its imminent finishing and ends up at 800km and twice as wide to accommodate all the traffic we expect to generate, but which ends up with advertising extra loadspace in an effort to repurpose the capacity Amerisur cannot fill but expected to with the remuneration committee rewarding this extra length of road with copious options and company reports extolling the extra value this has created whilst the share price diminishes into the sunset

[tsmith2] 15/5/2019 07:47

Yes, definitely 800m

[kaos3] 15/5/2019 07:45

amer started me to study con man phenomen. con for confidence. here is a citation from an old book

The conman starts off on on a deal,builds it up to a certain point.Then something intervenes and the victim's interest is sidetracked to another scheme,
where he is to be fleeced.The strange thing is that the victim forgets all about the original deal.

[nicksig] 15/5/2019 07:34

800km road? 800m hopefully

[lucyp00p] 15/5/2019 07:26

That's a good synopsis. The market should have been told why the last drill was both an opportunity and a necessity, rather than just a failure. As it was a requirement to secure continued operations over a wide area, rather than simply a wild goose chase, it's significance is now more clearly understood, and we may be in a better place if anybody had thought to add that to the RNS.As for the interventions, I'm inclined to disagree. Mr. Chairman is a pompous, arrogant, deluded blow hard who I hold 100% responsible for the mess we, as investors are in. If she, and 1 or 2 others had kept quiet and simply admired the presentation, JW would not have felt that anything on the home front was wrong. Frankly, given the assembled numbers, and accumulated losses into tens of millions amongst them, I'm amazed it wasn't much more confrontational. GC must have seduced Rex into believing he was going to be more than just a punter, and then denied him any influence, malign or otherwise, despite his 13% shareholding. We are where we are because these 2 stubborn asses won't back down. Their brains aren't right. They share Theresa May's stupidity and misjudgment of the mood. Until the takeover comes, I can't see any change.

[marnewton] 14/5/2019 22:33

...I wouldn't have to work hard.
Ya ha deedle deedle, bubba bubba deedle deedle dum.

M

[quidnunc] 14/5/2019 20:56

Apparently Yiddish Martin, according to Wiki it's the verbal equivalence of a disinterested shrug of the shoulders.So next time you see a H&S formation in the charts that you don't think is going to deliver; it's a Meh! If it's an inverse H&S then it's a Hem....obs!& no, I don't speak Yiddish but, if I were a wealthy man.....Q

[tonyrelaxes] 14/5/2019 19:03

FA
Sharesure and I asked GC afterwards why not issue voting figures.

"Because we don't have to"
"You do lots of things you don't have to - why not this?!
"Because we don't have to"
"Yet you espouse transparency in governance"
"We are not publishing them."

[mpilot] 14/5/2019 18:57

Enough already said about the annual AGM show. Nicer surroundings this year though!!

Good to see some familiar faces and meet some new ones, and good to get together in The Doggets afterwards for a drink and a chat.

"This time next year Rodney, we'll all be millionaires" ... I'm not holding my breath, but not selling out either, the ground we're drilling just seems too good to pass onto others to benefit from.

[the drewster] 14/5/2019 18:49

it is worth north of 50p ... it is languishing because each year the BOD set expectations and fail to meet them, and have had poor luck with the drill bit.

[lucyp00p] 14/5/2019 18:48

There was someone in the chairman's seat, looked familiar

[willec1979] 14/5/2019 18:44

Any idea what the true value of this share actually is and why we are still languishing at these levels?

[jp2011] 14/5/2019 18:29

Included with annual report.

[quidnunc] 14/5/2019 18:08

FA
GC said 75% shares held by institutions who were happy and unlikely to sell, except for the one that was selling.
JW said Michinoko had not sold any.
It was unclear whether RH had sold out completely or was now under the reporting threshold
They were asked about hostile bids but JW said he had the true value much in mind and would defend.
JW declined to say clearly whether either he or the company had an exit strategy...but it seemed not
Q.

[foiledagain] 14/5/2019 18:02

Any comments about whether R is out or why the share price is so low

[quidnunc] 14/5/2019 17:54

Sorry, no report from me this year
There were points of interest but no substantive change from last year in terms of prospects
Elodie was interesting to talk to.
JW was whipped away at the end.
The others didn't really attempt to engage although to be fair, GC did stay back and chat for a while & confirmed that they are at early stages of finding a replacement for Dana.
Shan't be buying or selling unless/until some clarity emerges.
Q.

[marnewton] 14/5/2019 17:53

Is that Greek or Latin, Q?

I'd expect nothing less;¬)

M

[foiledagain] 14/5/2019 17:51

Would not surprise me now to get a hostile bid, not to succeed but to get first shot in.

The BoD cannot arbitrarily reject such a deal and would have to announce whatever offer it was, although they could advise on the merits of the offer.