Amerisur Resources Share Discussion Threads

[xxnjr] 28/7/2019 00:32

When they are good and ready marioboss.
Maybe Monday.

[xxnjr] 28/7/2019 00:29

True Underhill2. Trouble is any potential bidders reading the recurring negativity on these boards would more likely walk, rather than offer 38 pps!

[marioboss] 28/7/2019 00:25

When can we expect an update from AMER officials?

[underhill2] 27/7/2019 23:38

We are all entitled to our own opinions

[underhill2] 27/7/2019 23:21

I have never trusted GC. He has his own agenda. Putting Ironveld up for sale is also no coincidence for me. I believe that this is all part of his retirement strategy. I reckon he will have a price he will sell at. This process could take a few months. We will have to see what happens. Its going to be an interesting few months ahead !

[xxnjr] 27/7/2019 23:17

Lucy Ver 1.0 is back.

[lucyp00p] 27/7/2019 23:11

That was a bit lazy, allow me. You could ask why "the market" didn't think 12p was a bargain, and draw the following conclusion. "The market" doesn't trust itself to accurately value anything right now. They see value, but then Mike Ashley finds he owes Belgium £600 million. They think Patteserie Valerie is fair value and then find the accountant ran off with £40 million (allegedly), They like Jamie Oliver, then find his restaurants have been bust for a year or more. They like star asset managers and then find their money is in escrow or tied up in his sister's startup shoe company until 2020. Phillip Green is not the mastermind of the high street, Virgin trains can lose a rail franchise based on badly completed paperwork and every time Hurricane Oil says it's going to fly, it doesn't. Oh, and to add, Amerisur can't honour a reporting commitment and refuses to say why. Investors here are not "the market". We think we're smarter, because we do our homework. The market will only react to news, not anticipate the best case scenario as we are controlled by Giles Clark and you seriously wouldn't trust him with your lunch money.

[underhill2] 27/7/2019 23:06

I cant answer that. I wish I could.

[lucyp00p] 27/7/2019 22:55

Ok, I'll take the bait. Why?

[underhill2] 27/7/2019 22:41

Their analysis is all well and good but at the end of the day the Market is not currently taking any notice of these possible valuations. If that was the case easy money is to be made here if Amerisur is sold anywhere near the 30p mark. I am somewhat sceptical because investors are not piling at at the current low level share price. You have to ask the question why.

[acv74] 27/7/2019 22:01

Just reading the Stifel net asset value doc.The risked 37p NAV doesn't seem to include any value at all for the exploration licences that Oxy have just paid over $100 to farm in to.They value those blocks at 27p risked.Therefore total risked NAV = 64pUnrisked they value the assets at £1.76!!

[xxnjr] 26/7/2019 20:28

Net/Net there's not much overall change from the Form 8.3's/8.5's so far. The FSP kicks the can down the road for 2,3,5 months or whatever. So yes sji, back to ops updates, with hopefully a clue about future strategy.

[sji] 26/7/2019 19:54

Keeping fingers crossed for an operations update next Monday. Otherwise, share price will not recover much, I am afraid!

[xxnjr] 26/7/2019 19:36

OBA Nos


It's not 1st time we've been over 5K this yr, but could indicate Plat-XT back on. If so, probably will be an RNS on Monday.

edit: sorry sji x-post!

[sji] 26/7/2019 19:31

OBA output 25/7 - 5,032 bopd (bringing total of 4,263 bopd for July to date - one of the highest monthly averages in recent months!)

Hope it doesn't yet include third-party oil.

[panicroom] 26/7/2019 19:28

Hi Master RSI. I was the buyer for 283k at 17.6p. I now hold 3.6m at 16.3p average.

I’m hoping for an operational update. Suspect, like others, ONGC may be reluctant to progress Indico 2 at pace.

I’ve enjoyed much of the input here and on the LSE board (learning stuff too) but I do wish the drama queens would calm down: no one knows the details and everyone is entitled to their view on price, however positive or negative.

Re the Ironveld potential edit too, my explanation is that these guys may just want to retire and sail around the Med on their Sunseekers.

GLA.

[yasrub] 26/7/2019 18:44

Some questioned why AMER were still operator on OXY deal - that could turn out to be a very shrewd move.

[moneylender] 26/7/2019 18:26

Anyone care to put a value on Amer's tax breaks that came by acquisitions. I believe we still hold aprox $45M in allowances, what would they be worth to an acquirer?

Also the $115M OXY are committed to spending also should have a 'value' to a predator!

[avsome1968] 26/7/2019 18:14

Hale have actually added a further 640k tad under 18p, Arden 100k buying up PI sellers definitely a hold or add for a 100% gain from here with a bit of luck.

[rich2006] 26/7/2019 17:47

If you look at the daily rns’s it shows institutions trading cfd’s for nearly a penny profit over short time frames hence the price movements

[tonyrelaxes] 26/7/2019 17:37

FG - is your email the same as 11 years ago?

[jp2011] 26/7/2019 17:27

And it means they don't have to drill Put 8&9 both of which looked doubtful

[rollthedice] 26/7/2019 16:26

Perhaps BoD think this whole strategic review approach is an effective way of avoiding giving operational updates....

Sol-1 is now well overdue.

Not surprised by share price drift given near 50% rise.

[quidnunc] 26/7/2019 16:06

FG, Friday whoosh seems a bit late?Q