Amerisur Resources Share Discussion Threads

[mrx001] 26/11/2019 20:53

P/E is 113 according to Stocko, but that is because the incompetants running this company won't get on and drill and keep releasing drilling programmes that they never deliver. Hence the earnings never go up.

[thegreatgeraldo] 26/11/2019 19:02

Dodge Meister
26 Nov '19 - 18:57 - 25217 of 25217
0 0 0
Remind me again what the PE ratio is?

Take your pick..... irrelevant or barely relevant

[tyler durden1] 26/11/2019 17:48

That's what makes R&M selling below the Geo bid that more surprising.

[tyler durden1] 26/11/2019 11:14

R&M makes no sense. Why offload less than a bid price of 19.21p with so many shares subject to irrevocable undertakings. It does suppress the share price though?

[tommygriff] 26/11/2019 10:51

16.5m for frenchys now

[tyler durden1] 26/11/2019 08:51

revolt at Occidental

[mrx001] 26/11/2019 08:48

Please just get this over with!!! It's so painful. Having AMER out of my life will be a relief it has just dragged on and on for years with imaginary drilling plans and disappointments.

[tyler durden1] 26/11/2019 07:20

16.2m., Hermes have 19.3m., R&M still have millions.

AXA are still shown as having over 69,125,693
FIL still showing as having 58,923,430
L&G 52,968,281

FIL would probably follow Mich, but the others?

Moneylender

Rather than spend money might be worth contacting the above as with the 100m that's a big tranche of shares

[thegreatgeraldo] 25/11/2019 23:30

Picking up halfpennies from the pavement.....

[tommygriff] 25/11/2019 21:11

Sorry they now have 16.2m shares

[tommygriff] 25/11/2019 21:05

They had 5% on the 19.11.19 and have added best part of 3m since then.Things could be getting interesting!

[tommygriff] 25/11/2019 20:48

What's your thoughts on this french lot picking up stock over last couple of days? They acting on behalf of M&P?http://www.oddo-bhf.com/en/pd/1088/Expertises/1089/assets

[bryet] 25/11/2019 20:27

Unless there is a white knight we are doomed.

[lucyp00p] 25/11/2019 10:28

I think in hindsight these theories are good but they apply a degree of Machiavellian cunning our board members, on present form at lease, do not possess.

[tyler durden1] 25/11/2019 07:50

What may do the trick is publicity. Michinoko article previously, so go back to the journo on the FT.

[mrx001] 25/11/2019 00:21

The people running this company have not had any integrity if you look back over their actions, so why anyone is surprised as to what they have done is beyond me. Best action if no legal action is taken is to avoid any company that they might be involved in the future.

[tonyrelaxes] 24/11/2019 21:33

ACV.
I doubt if any demands for transparency or questions will be taken at the Meeting. It's hard enough at AGMs when they are wooing shareholders, even without the woman who monopolised the AGM in May (I wonder if she was a plant to waste time to thwart others with more pertinent questions).

The only way would probably be to get a motion tabled but that probably requires 25% in itself (is a Company Law expert reading?).
GC is not famous for accommodating lowly shareholders questions - and that was when there was not wholesale discontent.

I guess it will be a 30 second session simply convening, reading the motion and asking for votes to be registered - meeting closed! Exit at the speed of light. The Announcement Document precludes even a wasting time Poll (show of hands) but is specific it is to be a Vote (number of shares vote).

And you can read my discussion with GC about declaring votes cast in my post 19798.
In fact most of the attendees posts that day are worth reminding ourselves about.

[charlieeee] 24/11/2019 19:15

Moneylender,

Thanks for all your efforts (and when you are so busy as well)!

With such a chunk of support (and others, such as myself would also join in, if there was an acceptable alternative plan of action), surely you are entitled to request further information and the only question that is worth asking is

"what has it cost in realizable value per share to exclude all offers other than cash?"

If there was any potential offer that would have been substantially above this paltry 19.21p, then we should have the right to know and it should be put to a vote: to have excluded non cash offers on consultation with some shareholders is wholly unacceptable: all shareholders have to be treated equally (Tyler Durden's point).

Can I suggest that this point is put to the Nomad as well as the company?

I should say that at this juncture, there is no acceptable plan for me other than disposing of the company by way of sale: these clowns have irreparably damaged AMER with this latest farce.

[lucyp00p] 24/11/2019 17:44

Your charts never saw this offer coming. The essence of not charting.

[tyler durden1] 24/11/2019 17:32

money

its not the legality of the bid and they have not just 'recommended' a bid have they. They have committed their shares to the bid, like Cannacord, like Michinoko. Could that be construed as a concert party?

They all knew before other shareholders and committing shares to a bid. is that really what Companies Act protects Shareholders.
"Section 994 of the Companies Act 2006 allows a shareholder to petition the court on the grounds that the affairs of the company are being or have been conducted in a manner which is unfairly prejudicial to its shareholders or some part of them. This is commonly referred to as an 'unfair prejudice' claim."

Why make undertakings that would dissuade other higher bids?

[marnewton] 24/11/2019 17:28

Well, I'm not getting too exercised by events here. I'd hoped for something in the mid-twenties but will sell shortly to release funds for other opportunities.

I'm pragmatic about shareholding. It's a delusion for private investors to believe they are part owners of companies. Worse, falling in love with a share. I'm guilty of the latter here, with AMER - or perhaps it has got something to do with keeping common cause with posters I've known over many years?

In reality it's best to jump on the coat-tails of a share that's trending up and sell on reversal...NO sentiment.

The essence of charting!¬)

So, probably my last post here. I wish you all well...and perhaps see you on the next great white hope!

M