Amerisur Resources Share Discussion Threads

[kilgallp] 05/12/2019 15:13

I've just entered my NO vote, but I can assure you Big 7, there's no way on earth Lib Dems will get my vote!

[big7ime] 05/12/2019 09:34

These people voting No must be the same that’ll vote for Lib Dems

[bigbas] 05/12/2019 08:42

Lucy - ouch

[tyler durden1] 04/12/2019 21:42

Yes, and companies and others do have posters posting to serve their masters wishes

[farview1] 04/12/2019 21:08

What I meant was the CEO lost his job because he was out played by Snow. Not that he was fired because of using the board.

[farview1] 04/12/2019 20:45

Tyler you are right about that. Company directors do post on these boards. I worked for one where the CEO was on the iii board often.That CEO lost his job - our company was taken over by a one Mr Snow many years ago.

[jammydodger1] 04/12/2019 20:03

Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold

[farview1] 04/12/2019 20:00

Hargreaves Lansdown advise that we need to vote before noon on Monday 16th December.Sorry if already posted earlierI will be voting no for sure

[tyler durden1] 04/12/2019 18:08

al

If the BoD wanted a higher price they would not have curtailed the fully funded drilling campaigns. Unlike some companies who are not funded they had no real excuse which in no small way helped smash the share price and at a time where the share price was also artificially lowered by massive at first unreported selling by RH and even then the BoD seemed reluctant to keep shareholders informed via the registrar

They didn't even drill leases which had produced oil and some might wonder if that was the intention.

Reporting in May 2019 about ADDING $367.5m to Amerisur, leaves so many questions along with the above.

Since May 2019 in their own glowing accounts and the transformational features that had taken place within Amerisur, nothing occurred to reduce value, instead there was JV with Occi and since then an additional lease with a high probability it will produce too, let alone ONGC tendering for more and more drills at CPO5.

Then of course we have the 'materially undervalued', so you must forgive some people if they are thinking something smells rotten.

[thegreatgeraldo] 04/12/2019 18:03

All of which reminds me - we're well into panto season now

[al101uk] 04/12/2019 18:00

"His motivation is that he can't sell on the open market without crashing the share price. Far better to take an agreed half price bid."

Better still to take a fairly priced bid surely?

So you agree, based on that motivation, that Amerisurs board have achieved the best price they could in the circumstances? After all, it would be self defeating not to?

[lucyp00p] 04/12/2019 17:34

Just spent 47 minutes asking Barclays to vote my shares. Like pulling teeth.In the end I just said vote "no" to everything as they had no clue what was on the proxy form.Hope I was right.

[jammydodger1] 04/12/2019 17:15

Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold

[lucyp00p] 04/12/2019 17:08

Don't tell BigBas

[tyler durden1] 04/12/2019 17:02

Any fool can borrow money but it doesn’t mean they will make a profit or be able to pay it back

[jammydodger1] 04/12/2019 16:45

Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold

[lucyp00p] 04/12/2019 16:44

His motivation is that he can't sell on the open market without crashing the share price. Far better to take an agreed half price bid.

[al101uk] 04/12/2019 16:39

So what's his motivation and what's the end game Lucyp00p?

In fact it would be easier, if you could put together a time line with players and motivations as the version of events you guys are putting together is completely beyond my scarecrow brain.

[al101uk] 04/12/2019 15:20

I think it's more likely that situation is reversed, the board are effectively in the pockets of Canna and Michi. Here's a potential timeline:

1. Michi are fed up and advertise for a vote of no confidence in the Times.
2. Vote fails, but was close enough to scare the BOD.
3. M&P approach the company with an offer.
3. Canna come on board with Michi, and together they decide to force the sales process.
4. BOD accept, realizing that it's sale or sacked, based on previous voting numbers.
5. M & C, realizing there is an acceptable cash offer on the table (to them), force the situation further.

And we end up here. Nothing more untoward than a BOD seeing the possibility of their cash cow being removed and reputations damaged taking the lead from their two biggest shareholders in order to save face and potentially their jobs.

[quidnunc] 04/12/2019 14:48

Canna and Michi were in on the deal in the first place so are very likely in the pockets of the board so to speak. They knew before we knew otherwise how could they put their names and holdings to the deal? Can't see them suddenly deciding to force directors resignations and deciding to jump ship. Q

[al101uk] 04/12/2019 14:36

Take the coffee in a paper cup BWD, two birds, one stone :-)

[bigwavedave] 04/12/2019 14:33

charleeee - you might see me one day, close to Blackfriars Bridge, with a paper cup and a cardboard sign saying: "Amerisur shareholder, please help." I'll take the coffee.

[tyler durden1] 04/12/2019 13:54

No from me

I’m taking advice from RNS “materially undervalues” and was advised not to sell so no from me

[kinwah] 04/12/2019 13:23

charlieee good post. My quite informed view is that a good amount of the current buying is from funds which look for an absolute return. Maven put out a Rule 8.3 this morning saying they had bought 1.7 million shares yesterday. Maven run a number of what I would call soft hedge funds where they target returns in excess of cash on deposit without taking excessive risk. Buying at 18.70p and holding until they get 19.21p would give them an annualised rate of over 10% with a tiny chance of a counter bid and a small risk of the bid failing. I don't know ODDO BHF but I suspect they do the same thing. I had over 1 million AMER cfds which I've been reducing -probably by selling indirectly to Maven. My cost of running the cfds is probably similar to their potential gain plus I release a lot of margin. I still have 300,000 shares in a nominee account which I bought badly and have held ever since. These I'll probably hold until the bitter end.