Amerisur Resources Share Discussion Threads

[eggbaconandbubble] 25/9/2016 20:44

Deal is being signed tomorrow, but will not take effect until after a positive vote in a referendum on 2nd October.

[valentine] 25/9/2016 17:55

They fed a lot of nebulous things over past few months then?. The peace deal signatures is what all about. and maybe even GC been told imaginative porkies which he passed onto malcy months ago. Rex must have been subject to a bit of subterfuge also.
I hope we've come to some sort of conclusion there and as of tomorrow afternoon it will be confirmed a peace agreement has been signed. 0900 Colombia is mid afternoon here. So could be Tuesday. No doubt it will be.

[charlieeee] 25/9/2016 15:09

As the "few days" ticks into "over a week", the old adage springs to mind

"Fool me once: shame on you. Fool me twice: shame on me".

It is not about a spin doctor's PR world. Trust is built on truth and that has been in short supply in even the most recent communications: better to have remained silent, than drip further sugar coated lies.

It will be fascinating to see if Malcy is more of the same.

C

[eggbaconandbubble] 25/9/2016 12:21

If nothing else, Amer should get a pukka PR co.

Both Camarco & RBC Capital Markets are a waste of space!

[blackdown2] 25/9/2016 11:49

No point in speculating. Sell if you are not convinced; hold if you are. I'm staying put. Although greedy at times, the management team has done a pretty good job in my book and has a clear - and realistic - business strategy.

[racinglad] 25/9/2016 11:23

Mislead for years now, AGM not sure which year, but several years ago now, imminently imminent!!!!!!

[eggbaconandbubble] 25/9/2016 11:12

OBA pipeline. Having mislead investors for several months re completion; the big question now is - Have they been straight with Malcy?

[lucyp00p] 24/9/2016 18:48

Next week we should be up by at least 40% on top of the latest share price If not, we have all been deluding ourselves over what this pipeline is going to be worth.

[valentine] 24/9/2016 16:01

Fair enough. Rex doesn't matter to me. I was told to buy Medusa when he did years ago. If I had I'd be living next door to him in Monaco now. As it was I bought Amer and am still worth sweet sod all. The bod look after themselves very well imo.

[charlieeee] 24/9/2016 15:51

Val

Again, the facts tell a different story.

The 2015 awards as initially announced in Feb, were halved for directors, after consultation, so it looked like Rex's protest did not fall on deaf ears. The base from which they are to be calculated is quite interesting.

Extract from the RNS

"As a reminder, the LTIP awards in the Share Price Growth column in the table are five year awards with a three year vesting period. The base price for the share price growth is 37.22p, a 55% increase from yesterday's closing price of 24.0p. They will vest when certain performance criteria have been met - 50% when a 33% growth from the base price share price has been achieved (a 106% increase from yesterday's closing price) within three years (10% per annum compound), a further 25% on a 52% increase from the base price (a 136% increase from yesterday's closing price), (15% per annum compound) over three years and the final 25% on a 73% increase from the base price (an 168% increase from yesterday's closing price), (20% per annum compound) over three years. The share price target must also be held for 30 calendar days.

The LTIP awards in the Pipeline column in the table are five year LTIP awards with a three year vesting period and relate to the successful installation of the pipeline and commencement of operations. The vesting of the pipeline LTIP awards will be determined by the Remuneration Committee's assessment of the results of the commissioning and operations of the pipeline."

As far as Paraguay is concerned, Rex had largely sold by March, well before that was parked up.

Focus on getting OBA/OBA cluster really pumping and some decent cash in the bank has to be the priority and I cannot see Rex criticizing the BOD for that: it is so obviously the right strategy.

C

[valentine] 24/9/2016 14:01

Daniel harbour was reportedly annoyed, seriously pisaed-off, with bod greed re:options. No go in Paraguay did not help. It is a different paradigm now. Putumayo is where it is at for now. We need another producing prop somewhere tbh. We need a new Rex tbh. I am looking to the future. Rex is of the past and I accept that more need to do same
A different world from Monday, I hope.

[charlieeee] 24/9/2016 13:31

Interestingly, the rather spiteful take on Rex Harbour's activities over this year do not seem to be entirely correct.

Whilst the June RNS reported a drop in holdings from 148m to 107m, that had largely happened some time previously as he was already down to 116m as at 31st March (as per the register at 31st March) and so over the whole of April, May and June, only 9m was sold (and it somewhat dispels the myth that he sold this to directly buy the big flop.

It does not appear that Paraguay was a factor in that sell down, as of course, Jaguar happened post March.

As nearly 50% of the register is held by iis, it could be any one of them or just the day trading fraternity/shorting mob who visit periodically working the share pre OBA news.

Will Malcy be correct about next week?

C

[valentine] 24/9/2016 11:22

Monday signing in Cartagena, oil town on Caribbean.

[aceuk] 23/9/2016 20:20

I'll eat my hat ;-)

[valentine] 23/9/2016 18:34

Eddie I know someone who spoke to him when the bod granted themselves huge options. It has taken a while but it has happened. He did not like it and told them so. Paraguay was the biggie for RH. It hasn't happened. Ergo. Now they are selling one horse town of Puerto Asis and the risk concerned people like a double bet. Ergo ergo. We need a lot more mini Rex type to make up for his insouciance.

[jotoha2] 23/9/2016 18:33

How do you know who the seller is ?

[eddie_yates] 23/9/2016 17:57

Why on earth would Rexy's boy want to continue to sell knowing the pipeline is almost operational?
People with that kind of money aren't generally stupid so answers on a post card!!

[fsawatcher] 23/9/2016 17:07

like clockwork

250k block
150k block

2 x 50k blocks

and 500k block

1 mln

i reckon that's the best rex boyo's broker can do with slow 1 to 2 mln volume days

[valentine] 23/9/2016 16:31

My buy is down as a sell.

[francis55] 23/9/2016 16:26

500k at 23p. Boom