Amerisur Resources Share Discussion Threads

[fozzie] 09/8/2019 08:07

Multiple interested parties - who have signed up to the process.

Shareholders are strongly advised to take no action.

I would have thought those two statements would have seen us clearly through the 20p area, we are not even up to where we were after the M+P bid?

[kipper62] 09/8/2019 08:06

30 trades already... hmmm.

[kerri28] 09/8/2019 07:59

Does this mean that the board will tell them what they are really worth?

[yasrub] 09/8/2019 07:57

It looks a competitive process to me, M&P bid was rejected virtually straight away. I think it is reasonable to assume all parties entering this know management genuinely believe AMER is worth more. What is interesting is how OXY and ONGC will react to the sale process. I would not be surprised if CP-05 is a separate parcel and the rest is grouped together. The strategic importance of the OBA will also be intriguing.

[tyler durden1] 09/8/2019 07:54

avsome

Not news we really knew but news we hoped for

Originally Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America (LSE: AMER), announces that following the receipt of interest in the Company and its assets from other industry participants, and in light of the high level of recent activity in the Colombian E&P sector, it has decided to conduct a formal review of the various strategic options available to the Company to maximise value for shareholders.

So that was just interest from other industry participants prior to signing up to the rigorous rules.

Now its 'multiple interested parties' who have signed up to the process including the confidentiality clauses and carte blanche right of Amerisur to set the ground rules.

That is quite different and multiple interested parties doing that is a bidding war.

[gemlotte55] 09/8/2019 07:54

This is the bit i like

Shareholders are strongly advised to take no action in respect of their shares until completion of the FSP.

ENDS

[lauders] 09/8/2019 07:52

Shareholders are strongly advised to take no action in respect of their shares until completion of the FSP.

Does that mean not top-up as well? ;-) Hmm... some may not listen.

[bountyhunter] 09/8/2019 07:46

Fa, if they finalise a sale they will be able to convert their options at the deal price which would be expected so be higher than now of course. Also I'm not sure that they could exercise options while in negotiations, I doubt they can deal in any way right now so they will not wish to still be in negotiations on the option expiry date imho. It's possible they could extend them if negotiations are protracted but I was hesitant to suggest that!

[avsome1968] 09/8/2019 07:45

Multiple parties have now agreed to participate in the FSP through the signing of a confidentiality agreement. Participation in the FSP includes the provision of confidential due diligence materials and access to Amerisur management.

Could take weeks, months to finalise a deal just sit tight.

[foiledagain] 09/8/2019 07:42

bounty hunter: why would options expiring have any say at all. Could not the BoD exercise their options now if they wished.

[nigelpm] 09/8/2019 07:40

"multiple" - probably 5'ish at a guess.

[juuunx2] 09/8/2019 07:34

Hope it's sooner rather than later

[avsome1968] 09/8/2019 07:33

News we already know but what price still guessing I suppose.

[bountyhunter] 09/8/2019 07:32

Can you still open that bottom drawer lol ;-)

[davwal] 09/8/2019 07:32

I might give mine a bit of a polish, as I feel quite fond of them now...

[ll0ydy] 09/8/2019 07:30

Shareholders are strongly advised to take no action in respect of their shares until completion of the FSP.

[bountyhunter] 09/8/2019 07:28

May not be imminent but likely to be finalised prior to expiry of some director options later this year imho...

9 million director share options due to expire on 23/12/2019

[tsmith2] 09/8/2019 07:28

We've known about multiple interested parties for a few weeks now, management doing what they do best - delay releasing info

[fernandesb] 09/8/2019 07:28

on shares magazine site amer's opening price shows as 19.29p. The company knows a lot more than it is saying,as it is advising share holders to stay put

[juuunx2] 09/8/2019 07:26

Friday whoosh.....,,

[davwal] 09/8/2019 07:26

Fantastic, but remember this lot make 'imminent' something that takes eons...

[bountyhunter] 09/8/2019 07:24

Multiple is defined as several which is more than two in normal usage when used as an adjective as in this case.

[ashkv] 09/8/2019 07:22

Here we come 24P today and ta ta to the loon Rosanan :)

[mickinvest] 09/8/2019 07:22

Let's not.