Amerisur Resources Share Discussion Threads

[paradores] 06/8/2019 09:00

Love it when a plan comes together- pot’s brewing nicely here and a great place and time to be long with all the mkt turbulence.

Reckon the Iranians must be thinking now’s a good time to needle Mr Pres again. Though more likely things in the Gulf will get even hotter with the US election kick-off.

Trump’s game-play all too predictable and his bluster just that, utterly vacuous. On many fronts he’s simply run out of road. Phutttt!

[tyler durden1] 06/8/2019 08:46

Jonathan Biddle

www.proactiveinvestors.co.uk/ISE:FFI/FFI-Holdings-PLC/rns/LSE20190729162623_14167333

[sji] 06/8/2019 08:45

Is it just a coincidence that last RNS yesterday concerned holdings of M&P in AMER and first RNS today concerned holdings in AMER by Michinoko? Just asking since I know nothing!

[tyler durden1] 06/8/2019 08:42

ross

In my opinion its nothing to do with Michinoko chilling. Why would they sell if they have pledged support to a bidder?

You must recall the article by the bidder referred to them having support from major holder(s) and from the looks of it, that holder is Michinoku.

this comes close on the heels of the FT report pre AGM that Michinoko were not supporting the BoD.

So M&P might not own any shares, but they may have 11% at their disposal.

[davwal] 06/8/2019 08:05

Michinoko's declaration coming from Switzerland, surprise surprise...

[quidnunc] 06/8/2019 08:01

P-K4P-K4Kn-KB3These are opening moves in a game that has only just begun Q

[lucyp00p] 05/8/2019 23:01

Who's going to blink first? Xi or Trump

[xxnjr] 05/8/2019 22:51

PW you appear to be labouring under the mistaken belief that M&P have been buying Amerisur shares since FSP announced. They have not. This discussion forum had already worked that out days ago. The Form 8 (OPD) merely confirms what we already knew as per "Q" above. What we did not know, but now do, is that M&P had not purchased any Amerisur stock prior to their recent informal approach.

[pauliewonder] 05/8/2019 22:28

Dont really understand the last two RNS disclosure positions. It seems to indicate that M&P now have no position in AMER although they are not the easiest of things to decipher. If that is true, then I would expect am update tomorrow morning as they were the initial bidders, to outline that they are no longer interested / if any other parties are interested.

[westmoreland lad] 05/8/2019 21:59

Quidy -- can smell MMs going deep sea fishing for stop loses any time soon.

[quidnunc] 05/8/2019 20:39

It ticks a box, adds nothing, subtracts nothing to or from what is already known. Q

[tyler durden1] 05/8/2019 18:16

Shale fail

[tyler durden1] 05/8/2019 18:15

But how many shares have they had pledged?

Michinoko's for a start

[kaos3] 05/8/2019 17:51

experienced corporate trader like M&P does not make use of cheap target Co shares accumulation for their sure profit. and then does an offer which they could knew would be rejected.

why? does it make any sense in order to achieve their publicly given objective?

just rhetorical Q from asylum lol

[davwal] 05/8/2019 17:39

No submarine approach for sure.

[lucyp00p] 05/8/2019 17:37

I'm thinking they missed a trick there then, should have bought some prior to the approach.

[davwal] 05/8/2019 17:29

M&P still hold nil Amer stock?

[kaos3] 05/8/2019 17:23

no. M&P is 71% controlled by its related party - its Indonesian parent Co

[djj2014] 05/8/2019 17:14

Am I reading the M&P form 8 correctly? Do they now control just under 71%?

[kaos3] 05/8/2019 17:00

our first bidders actions history in Colombia

2004/2005
Entry in Gabon and Tanzania
Entry into Colombia

2006/2007
Discovery of Onal in Gabon and
Ocelote in Colombia

2008/2009
Sale of Hocol Colombia to
Ecopetrol

2013
Sale of Sabanero in Colombia

current

COLOMBIA
Muisca (2,320 sq km)
Exploration
M&P Colombia
(M&P 50%): 100%
COR- 15 (1,194 sq km)
Exploration
M&P Colombia
(M&P 50%): 100%

Maurel & Prom also owns a drilling rig in Colombia. The righas been leased out to a local company since June 2016. The proceeds from thislease amounted to $2.5 millionin 2017