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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amerisur Resources Plc | AMER | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 19.18 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.18 | 19.18 |
| Top Posts |
|---|
Posted at 09/7/2020 14:39 by moneylender Afternoon everybodyJust received a very nice 'thank you note' from someone that followed my lead into EUA last year. A mere £1000 invested then would today be worth £12500 and I think there is more to come, consideraly more. I hope all my old pals and investor mates are well in these strange times that we have endured over the last 3 months. stay safe and avoid a second wave of CV A |
Posted at 19/12/2019 21:59 by moneylender Evening all, just got in and read the news, very disappointing result. Thanks to all that voted no but when your fighting your own board and major investors we don't stand much chance. Like many long termers here I will miss the banter but we have to move on.Regards my house refurbishment well we are in, it's not complete but it's liveable for a few days until after Xmas, then another couple of weeks hard work. Once again thanks to all, I am on Twitter if anyone is lonely! |
Posted at 18/12/2019 15:00 by al101uk My understanding is that, the 75% is 75% of people who vote and the court has to believe that the vote is representative of all shareholders (in other words enough people have to vote). In addition to that, votes that are not cast do not go with the directors, they are just not counted.For the 50% vote, I believe your right, but the rules are that any votes not cast would go with the Board. Once the bidder has control of the company I would expect that there are numerous ways that they can rid themselves of remaining investors and I don't think many large investors would be up for that particular fight... I think you'd see a capitulation once a takeover offer is accepted. If PI's want to fight on, on their own, that would be up to them of course. |
Posted at 28/11/2019 16:40 by tyler durden1 Roll. Your logic is wanting.Geopark ARE the bidder, they have the upper hand, they have support of the BoD, they HAVE irrevocable undertaking of 24.9% let alone proxies that leave their votes to the BOD, let alone others that bought in at recent lows where 19.21p might be a considerable profit. Geopark don't have to get 50% as they already have 24.9% plus the others mentioned above and where a lot of brokers don't even have the facilities for on line voting, where those voting, and may be considered proxy for the company and other companies require written requests which many investors don't then progress. The break fee is Minimal and would only apply if a higher bidder was successful which as explained is like finding rocking horse poo given the circumstances where the bidder would know they can't even obtain 75% under the current process let alone the 90% that would be required to compulsorily acquire all the shares: "Amerisur has agreed to pay to GeoPark a break fee payment in the amount of GBP2.42 million in cash if, following this announcement, an Independent Competing Transaction subsequently becomes or is declared unconditional in all respects or is completed or becomes effective, as agreed in the Cooperation Agreement (as defined in paragraph 13 below)." Investors must wonder what the hell the BoD were thinking in giving irrevocable undertakings? even if they had unanimously recommended, why take the step of giving IRRECOVABLE UNDERTAKINGS without even a caveat about a higher bidder, where doing that would be likely to dissuade a higher bidder |
Posted at 15/11/2019 18:08 by ashkv Lessons For AIM E&P Management/InvestorsObjective 1 - Project your Share Price, Protect Your Share Price, Protect Your Share Price Useless cash piles don't count for squat - DEPLOY IN BUYBACKS WHEN YOUR share price IS DIRT CHEAP OTHERWISE OTHER FIRMS WILL BENEFIT AT THE EXPENSE OF YOUR SUFFERING SHAREHOLDERS!!!! LEVER UP WITHIN REASONABLE LIMITS - BUY BACK SHARES RATHER THAN PAY DIVIDENDS - PROGRESS TO DIVIDENDS LATER IN GROWTH STAGE. VOLUMES ARE LOW - AND INVESTORS WILL BE BETTER SERVED BY THIS MODEL A Clear Comparison of Good Management for an AIM E&P - ELAND OIL, ROCKROSE etc (Undertook Buybacks while growing business) vs AMERISUR, OPHIR & their pathetic muppet misleading boards/management... |
Posted at 15/11/2019 17:15 by ashkv Not the case that they are being sold for way more than they raised from shareholders. Check out the Share Premium / Equity value on balance sheet - and taking into account cash on book.Also lets compare to FTSE E&P Index, or even fixed bank deposit - Wardle has been CEO for 13 years plus and his share price performance has been beyond pathetic. THE CEO BOUGHT SHARES AT 17.516p in Jan 2019 - AS HE STATED THEY WERE UNDERVALUED - IS a 9.6% increase from his purchase of shares which he was of the view are undervalued - A REMOTELY SATISFACTORY OUTCOME FOR INVESTORS - PROOF IS IN THE PUDDING. THIS MANAGEMENT HAS FAILED ONE FINAL TIME - ONE FINAL DAGGER IN THE HEARTS OF INVESTORS WITH THIS DERISORY SELL OUT PRICE!!! |
Posted at 13/11/2019 18:21 by stmellons28 Hang in there guy’s as the good times are coming , they tried today to get nervous investors to hit the sale button but it didn’t work with me. I was pleased to buy at prices I thought we never see again & now its time to let Amer go as there are no nervous investors left only ones who are waiting for the end game !!! |
Posted at 17/9/2019 08:55 by tyler durden1 Interesting about the bidders lining up, but as interesting is the geopolitical games being played to downplay the oil shortages.The SPR was designed from the outset to be bidirectional. Ponzi shale was never going to be a commercial success, with companies like Exxon already having pumped billions into shale, and still coming up with they will break even next year....a statement that repeats itself each year. The SPR is believed to have bolstered shale production allowing production figures that bore no resemblance to fact, so the Saudi situation is now a very convenient and helpful way to explain the black hole of oil that should be in the SPR. Its also a useful way of hiking oil price, allowing shale to last a little longer, with no doubt ZIRP and NIRP being brought back to try to funnel even more money into the ever hungry mouth of shale. However, it will make conventional oil producers even more profitable if the oil price stays at a high level ($80), and $80 may just provide shale with a platform to continue a little longer, as so many have already gone bankrupt this year, with billions and billions of debt and leaving stockholders and creditors with zero. In the meantime the sweet spots have already been used up, and as companies are finding reducing well spacing, which has been forced upon them by trying to increase the number of drills from the same pad, has resulted in not only new wells producing less, but causing the existing wells to lose production too. Few investors will pump money into shale, so the ZIRP and NIRP policies designed to force investors into higher risk (no hope) shale doesn't look to carry on this time as the writing is on the wall for shale, even if oil goes to $80 and stays there, it will not alter the physics of shale, nor the effect of Red Queen Syndrome. All bodes well for Amerisur, and very interesting to see the number and quality of the suitors suggested to be in a bidding war for Amerisur. |
Posted at 06/9/2019 12:34 by al101uk Funny, I've noticed the same tactic used on other boards. A literate poster asking superficially sensible questions and slowly building a bear case by picking at the responses and discrediting posters without ever making any reasoned argument themselves.The response to this, if you don't just filter it, is to respond by questioning the posters assumptions, not by trying to continually justify your own point of view. The last two paragraphs for example make several assumptions, that long term holders consider themselves "expert investors", that long term holders consider their returns and Amerisurs performance acceptable, that long term holders support the board in everything they do. Anyone who's been here any reasonable length of time would know that none of those are likely to be true. None of those preclude those investors from taking a view now, nor do they preclude an investor from having greater knowledge of the company than someone who hasn't been invested for the same length of time. I'd argue a long term investor who is literate and is able to make a bull case is likely more worth listening to than an obvious bear with nothing to say. What are SJI's other arguments: "RH wasn't the only reason for the share price decline"... well done! "Production hasn't been where it should have been"... genius. "Management have over promised and under delivered"... wow! People complained that I repeated known information a while ago when I made some bear points about the company, the three points above and how they affect valuation have been discussed to death. So SJI, prove yourself! the crux of any investment is: What is the company and it's assets worth now? Where do you value the company and how do you get there? If you can answer that question, then maybe your contributions are worth something to this discussion, if not you're just another chancer trying to disrupt the board or make a quick buck. |
Posted at 03/8/2019 10:19 by sji FoiledAgain - It appears that my comment that the big boys appear to agree with me did not go well with you and some others. Maybe, I expressed myself in the wrong way. My comment was not intended to mean that I know something more than all of you. Far from it. I made that comment on what I currently observe.Two weeks ago (on Friday), AMER said that it received a takeover approach WITHOUT indicating the price. On that day, the share price of AMER rocketed by around 40%, from around 12p to the mid-17p. There it stopped going up and stayed there. The following Monday, it was announced that M&P had proposed a takeover of AMER at a price, guess what, 17p!!!! How did the big boys know the price in advance? None of us small investors knew it, right? But it appears that they knew too well in advance and adjusted their positions accordingly! M&P said that they already tested the ground with some institutional investors about their bid. So, presumably, M&P already know at what price the big boys will sell out. Consequently, the big boys will again adjust their positions accordingly. I am sure that if the big boys asked for anything over 35p (as several on this board are suggesting), M&P would have walked away. The fact that M&P agreed to enter discussions with AMER for an eventual agreed bid might indicate that the demands of institutional investors are not that far away from what M&P might be ready to put on the table! There is always the possibility that a third party might join the bidding. However, since the bidding started at such a low price (17p), the potential for 35p+ is low in my opinion. Some posters on this BB suggest that if we do not get 35p+ (which might after all be what we are actually worth), our BOD should walk away. If that happens, I am afraid that we will be back to less than 12p in no time! |
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