Amerisur Resources Share Discussion Threads

[sji] 07/6/2019 18:03

Despite all the negatives of recent days on this board, to which I am NOT totally against given the recent share price performance, at least, this week, the OBA output has consistently kept above 4K!

02.06 - 4,006
03.06 - 4,418
04.06 - 4,415
05.06 - 4,519
06.06 - 4,509

Hoping that third party oil is just a fraction and our Platanillo output has increased!

[willec1979] 07/6/2019 16:58

Why can't the company just focus on the growth of the company which the wells being drilled this year are likely to produce.

[yasrub] 07/6/2019 16:47

I have no issue with al101uk's posts - governance is important - I am disappointed that it becomes a slanging match. Governance does need to be addressed.

As already said the assets/potential attracted me whilst I am relatively new to AMER - the partners in ONGC and Oxy give me some reassurance to become involved. The area seems to be attractive and in demand. The recent drip drip of the share price is frustrating and naturally leads to a number of theories.

Simply to my mind AMER need to deliver this year, OBA volume looks promising but as mentioned does that include 3rd party - I have asked for clarification.

CP-05 will be driven by ONGC, AMER are a 30% equity passenger. Should the share price keep falling you would expect interest in the company, but I posted a few days ago it is the norm any takeout prices disappoint PI holders - I hope that is not the case.

Have a good weekend everyone.

[willec1979] 07/6/2019 16:46

Why do management what a cheap buyout when JW brought shares at 17p for example.

[rollthedice] 07/6/2019 16:46

Close ~ 11.78p ~ @ daily low.

Price could be drifting lower because holders are no longer confident of positive drilling results either at Platanillo (mature/declining asset) or at CPO-5 where talk of licence being a mega-asset were punctured with Calao-1. Another miss with Sol-1 would probably tank share price entirely however unfair/excessive that reaction might be. The longer we have to wait for news the more nervous (sensible?!) holders will exit.

Let's hope next week is better than this.

[kaos3] 07/6/2019 16:16

on this BB most of us agree that the assets are superb - no need of repetition - why else did we buy?

there is something else - in the future - that makes big (means informed) sell. or pretending to sell (buying those sold shares by related parties)

what?

feelings - no
liquidity needs - I do not think so
some one is trying to drive the price down - each day at the close. and management agrees with it as they do nothing about it.

logic tells me management knows and is in the sellers loop. otherwise they would (should) do something about it. as it would cost peanuts (last few daily trades).

what could it be - a take out. pre agreed?

what else makes sense if one looks at it this way?

is it "milking" - accumulation of cheap shares?

important fact - imo - BOD is in a loop and there is not much that can be done in this case - but waiting

[al101uk] 07/6/2019 15:36

Thanks for the support and likes. The post was intended to stir up a discussion, but not the one that was had.

[paradores] 07/6/2019 15:05

Well someone knows very well the value of AMER’s 1m hectare portfolio in Colombia and are quietly filling their boots.

The current valuation suggests Indico and Mariposa are isolated (one-off) columns/structures holding oil in CPO5; geologically that’s incredibly unlikely - and Llanos Basin next door provides a production base case which over time CPO5 may exceed, especially if M-1 & I-1 reservoir pressure and flow rates are anything to go by. Further there is a high probability any traps/closures on the Une trend or migration path in CPO5 are fill to spill. Indico single drill = 25m 2P gross etc etc.

[foiledagain] 07/6/2019 14:41

What's going on behind the scenes?

Supposition

I suspect there is still a pool of shares from RH and FIL. Fil may have concluded their transaction and notified, but still plausible the shares were taken off their hand to be disposed of by others who are under the notification threshold. Do not forget we are referring to many many millions of shares over a long period.

In my opinion if I'm allowed to give it, RH and possibly of late FIL shares are why the share price is languishing where it is, and why it has dropped over a considerable period of time, even in the face of good news.

Tyler I disagree with your posts over al101 posts even though I do not believe there is anything awry, illegal or shady.

[norman the doorman] 07/6/2019 13:56

And all these millions of shares traded 'off book'. Does make you wonder what's going on behind the scenes.

[moneylender] 07/6/2019 12:23

I dont know why Al101 gets chastised for re-posting some of the shenanigans that are going on in Amer. Long termers might know all this relevant stuff but at sub 17p there are a lot of new comers here that might not have come across these inter company actions.

Me for one, keep posting Al101uk. Knowledge is key!

[charlieeee] 07/6/2019 12:17

Courtesy JP2000 on LSE

Nathan Piper giving a talk on Colombia, which could be of interest to AMER investors and a chance to meet him: opportunities to speak to AMER management(outside the AGM where JW is always whisked away by NH) are as rare as hen's teeth.

hxxp://www.scottishoilclub.org.uk/190919.htm

[kipper62] 07/6/2019 11:26

101 what else can we LTH's really say.................Look at that chart. It's like a ball bouncing downhill with seemingly nothing to stop it, neither management, fundamentals, sentiment, nor the market. What worries me is when the bouncing (which may provide some relief for in-and-out traders)stops, and the ball just carries on rolling.

[al101uk] 07/6/2019 10:57

Oh b*ll*x, I hope that wasn't moaning :-/

Sorry Ace.

[al101uk] 07/6/2019 10:05

Full disclosure (as it's been questioned):

The last meaningful trade I did in Amerisur was 28/6/16.

Since then I've made 3 sells and 2 buys, which net reduced my position by about 3% of cost. All of those 5 trades were in the first half of 2017.

I learned a lesson sometime ago, if you find yourself in a hole, stop digging.

Unsurprisingly the two best years I've had in investing were 2017 and 2018 (I account on a tax year basis, so that's year starting April 2017).

Amerisur is now my smallest position, about 25% smaller than any new position I take, so it's material (concentrated portfolio), but far from "life changing" significant.

I have no intention of increasing or decreasing my position in the short to medium term.

I won't increase due to my concerns over corporate governance, but I do believe the company is managed very conservatively and I think bankruptcy risk is virtually zero. I have no reason to believe the company are fraudulent in their reporting of accounts. The company have great assets and on an asset value basis I think they are seriously undervalued.

So as I see it, their weighting in my portfolio is probably about right for what they are (less than a full position) and all I'm losing is the opportunity cost of that money. The upside being potentially large and sudden.

Two years ago, probably, I talked about opportunity cost being significant for me and I worried about it, but funds have gone up and Amerisurs relevance has gone down since then... and you can't live in the past, the money I've lost here... is lost.

[laptop15] 07/6/2019 09:47

https://twitter.com/Chrissygun/status/1136916066440011776?s=19

[al101uk] 07/6/2019 08:59

You're right... far easier.

[al101uk] 07/6/2019 08:59

Amerisurs coroporate governance is a f'king shambles.

[al101uk] 07/6/2019 08:58

Tyler,

I think I've got it!

I know what you want now, nothing in public domain, no inferences... OK... I'll try agian.

[oilforex] 07/6/2019 08:05

Heading back to Chaco prices. Haven't the management team done well!

[kaos3] 07/6/2019 07:52

logical no from my side - if stall bulls sell - if things would be great and motoring new buyers would be winning.

market is forward !!! looking machine

[sleveen] 07/6/2019 07:47

Great Expectations of 5-10 years ago haven't been met, simple as.

[kaos3] 07/6/2019 07:17

there is a perfectly reasonable cause why share price is sold so low. take your pick.

RH feelings (for example) - you must be kidding.

[kaos3] 07/6/2019 07:03

you see - I was close to the wild e europe privatisations. same amount of liquidity was moved around in a circle many times - among several different "unrelated" parties - as needed.

many chains collapsed.

since then I always look up where the cash is placed. it is not just that it exists. it is also where it is kept. some Cos report some do not.

many Cos were unable to progress in time - as they were cash rich but their cash was "loaned to the (un)related parties". so they missed huge opportunities - and no one knew the source of the non action.

I would just like to know where the cash is. that is all. I see no reason not to tell the investing public in the reports. and the terms also are a must in a fair report.

we report it for a much less cash and in a smaller Co. because our investing public is not placated and it acts and punishes in about a year - if not - the costs could be possibly huge.

we do not run and sell - we try to correct and improve - as a shareholders collective.

if small shareholders are treated badly it is just a matter of time the big ones will be hurt as well when the opp arises. because it is an attitude, modus operandi. which has to get a clear message - not in this back yard.

[foiledagain] 06/6/2019 21:22

kaos3

Nor can we as most shareholders haven't seen any of it YET.

I think the Board have found it OK for the last few years and years and years.

The comment by ghgh about a cheap takeover whilst I don't agree with his view it might help shareholders because I suspect the first move the BoD would make in rejecting would be to announce their intention to pay a dividend which would up the game at the very least.