Amerisur Resources Share Discussion Threads

[kipper62] 22/7/2019 08:17

'materially undervalued'...now that is the sort of language that lifts a Monday morning !!

[dan de lion] 22/7/2019 08:16

At £210 million they would have their money back in two years at current production, not to mention cash reserves.

[fadilz] 22/7/2019 08:16

Don't forget this is a process:
- Express interest to BMO Capital Markets
- Get access to co information - ie a data room
- make an offer

Many will express interest just to get access to the data room. Suitors will then be whittled down to those who are serious.

May take many months. Maurel&Prom are tiddlers (2x AMER), and may just want access to the data room.

[moneylender] 22/7/2019 08:16

The Board can confirm that a number of conversations have taken place since the announcement of the competitive Formal Sales Process with counterparties who have expressed their interest in participating and it is confident that a competitive process involving several of these potential counterparties can be completed to the benefit of all shareholders.

The Board will therefore consider any future proposal put forward by Maurel & Prom in the context of the ongoing competitive Formal Sales Process. Shareholders are strongly advised to take no action in respect of the Possible Offer.

[aceuk] 22/7/2019 08:14

As I said - 'who says there is going to be a sale?'

[pauliewonder] 22/7/2019 08:14

RNS re multiple parties. Hello 20p today

[jsforum] 22/7/2019 08:14

Now we know why the board announced a strategic review- a low ball expression of interest.

[ghhghh] 22/7/2019 08:13

M&P shares up in France, means market approves. Will encourage M&P to cough up more.

However they are not optimum bidder re local synergies? eg AMER worth more to GT

[pauliewonder] 22/7/2019 08:12

Boom. That's more like it. Multiple interested parties :)

[tsmith2] 22/7/2019 08:12

Following the approach from Maurel & Prom concerning its Possible Offer and the receipt of other interest in the Company, the Board concluded that the Maurel & Prom Possible Offer materially undervalued the Company and was not at a level, nor in a form, that merited further consideration.

[rollthedice] 22/7/2019 08:12

Good response from AMER this morning. Just what the doctor ordered.

[dan de lion] 22/7/2019 08:12

It would appear that the market is saying the offer is to low.

[mirabeau] 22/7/2019 08:12

Offer rejected

[moneylender] 22/7/2019 08:12

Second RNS

Following the approach from Maurel & Prom concerning its Possible Offer and the receipt of other interest in the Company, the Board concluded that the Maurel & Prom Possible Offer materially undervalued the Company and was not at a level, nor in a form, that merited further consideration.

[acv74] 22/7/2019 08:06

If it was a cash and shares offer I'd rather the shares were in a decent company eg Oxy rather than some French co I've never heard of

[theaviator] 22/7/2019 08:05

SWG and JOG!!!!

[shakin not stirred] 22/7/2019 08:04

ammu 12. you should not hit the bottle so early in the morning imo. That just covers cash that we have. Seriously deluded if you think it is being sold for 17p LOL. They may have sounded out the ii,s but they have paid closer to 25p. They will want closer to 30p plus a share.

[acv74] 22/7/2019 08:03

Maybe another way to look at it is that we now have a minimum price of 17p...should underwrite the SP??

[ammu12] 22/7/2019 08:03

Wait for it.It will come down

[cudmore] 22/7/2019 08:03

This was offered BEFORE Fridays RNS.....clearly not even Ben g contemplated by the board. Can see 25p or more the next RNS offer price imho

[bibdaddy] 22/7/2019 08:03

They are ditching this on the open bell.....oh hang on its up 5%+

[thetoonarmy2] 22/7/2019 08:02

That would explain some of the sales in the last week or so they Prom have been keeping price down to make this derisory bid lets see OXY & ONCG say about it even GTE must be interested at this price, this is just the start.

[leas1] 22/7/2019 08:02

Ammu, no it is not. They would not engaged the service of 2 brokers to manage any sale if they were going to roll over and accept 17p

[bibdaddy] 22/7/2019 08:01

Ammu:
It’s getting sold for 17p
Whether you like it or not

Yes because you know!!!