Amerisur Resources Share Discussion Threads

[bigwavedave] 08/2/2017 10:44

Good news about the ELN although they never had a presence in Putumayo.

[foiledagain] 08/2/2017 09:33

true. Whatever you think of the Board: That is part of the problem.

They are very difficult to read, as in the past what has been seen at the time as deplorable, has at times after that when other things materialise said to be a master stroke.

However this time, they do not appear to have endeared themselves to some larger investors.

Even on lithium, where they were asked to consider diversifying Amerisur, because of their South American operations, they took the advice ...but it seems incorporated it into another company giving no benefit to Amerisur shareholders, which was the company the advice was for.

[dayway123] 08/2/2017 09:28

Colombia is a multi party democracy operating under a framework of presidency. With the peace treaty now rubber stamped, they will be endeavouring to attract foreign investment to increase growth and produce wealth.

[blackdown2] 08/2/2017 09:26

As ever, patience needed with this one. Whatever you think of the BoD, they are shrewd and effective negotiators. If they can exit at a decent price, I am sure they will.

[foiledagain] 08/2/2017 09:17

101,353,943?

Blackdown. I agree.

Its as though its been kept in range 25-26 with the minimum sell price 25p, with selling stopping if that point is reached.

But without transparency in Amerisur, without targets being achieved and without an answer as to Michinoko's holding now the company has allegedly been struck off and Amerisur were made aware of that, or who actually owns it or whether they it could conceivably be derivative trading with news some of us don't have, its not encouraging to new buyers.

[blackdown2] 08/2/2017 09:06

If you look at the trades over the last few weeks/months, it does seem as though there has been a persistent seller.

[foiledagain] 08/2/2017 09:03

TDH

I don't think so. Amerisur have operated in Colombia for years whilst the threat from all the groups was substantially higher than it is today. There is suggestion that the FARC and other groups have been so whittled down that the alternative is their total eradication.

Its Amerisur that are responsible for Amerisur's problems in my opinion. They simply have not covered themselves in glory on either the 'transformational' project where the greed was such that they took options for the project before it was even done, which riled larger investors.

Their timescales seem plucked out of the air and their transparency to shareholders is non existent.

Even the apparent unrest has not been reported to Amerisur shareholders as being about Amerisur's actions and even that we have to find out from third party sources.

Where is the RNS to shareholders from Amerisur explaining these accusations and their rebuttal? Where was the RNS to shareholders about the accusations of Amerisur being responsible for cutting down trees on a project supposed to be handled by another company with all permissions granted.

[the dark horse] 08/2/2017 08:19

Is this another reason for people shuning us?



Not sure I like their rhetoric:

The group was founded in 1964 and follows a Marxist-Leninist ideology.
It was inspired by the Cuban revolution of 1959 with an aim to fighting Colombia's unequal distribution of land and riches.
It feels particularly strongly that the country's oil and mineral riches should be shared among its people rather than exploited by foreign multinationals.
Over the decades, the guerrilla group has attacked large landholders and multinational companies. It has repeatedly blown up oil pipelines.
In the talks, its representatives are likely to call for social change to achieve more equality and for the inclusion in politics of Colombians whose voices they say have gone unheard for too long.

[charlieeee] 07/2/2017 19:58

What we are waiting for is Plat 22.

That would not only assist in moving towards the Q/E target of 7200 bopd, but would feel as if a watershed had been passed on the peace route march.

It is easy to forget that a couple of months of delay was caused with the Oct 2nd "no" vote to the original deal and then the amendments finally rubber stamped at the end of Nov. so we are only two months on from that and treading carefully as the new regime beds in.

Very sensible handling of the libel, it would seem, returning cold hard facts against the inflammatory rhetoric: that certainly should discourage any ongoing smear campaign.

[ianpuddifoot] 07/2/2017 19:18

I am guessing they may surprise us about time.

[lucyp00p] 07/2/2017 16:11

Start wherever you like because I sure as hell don't know

[currypasty] 07/2/2017 15:24

lol


where do we start

[tonyrelaxes] 07/2/2017 14:00

Yes, BWD - interesting reading Charlie's letter, despite the limitations of Google Translate.
Charlie is a good guy - as a number of us PIs know from meeting him about 4 years ago.

It's good to note the local Management takes seriously the benefits of good communication and responds accordingly.

By contrast, our non-local, 'city', Management and paid PR teams remain apparently oblivious to such a policy of pointing out the truth in a clear and open manner to put aside any wrong impressions being written.

As someone said - AGM in May .....

[valentine] 07/2/2017 13:00

Good find Dave. This is what I've been looking for. Humanitarian treatment of the sionas people or pueblo has to be paramount. They have been there since time immemorial. Oil is about the progress of western civilisation. They forego that but are located on top of what the company is, and we are, pursuant of. I doubt they'll all get a BMW Dakar out of it but maybe their kids can get a 'civilised' education. Good on Amer for the letter of explication.

[valentine] 07/2/2017 12:47

Ecuadorian presidential election 19/2. Right wing candidate calling for big changes that will make Ecuador great again. Sounds fashionable.

[valentine] 07/2/2017 11:57

Ecuador is full of oil twıxt VHR and Puerto Asis-Teteye as opposed to hunting the Paruguayn Snark varıety. Get on with it. We have done all required by Quito govt and we can easily transport the drilling equıpment across the mıghty Putumayo. Lets go matey. Arr!.. Aye, Jim Lad!!

[bigwavedave] 07/2/2017 11:56

AMERISUR hits back at claims that it harassed indigenous people in Putumayo. Lengthy letter of complaint/ clarification in El Spectador. I never gave it credibility anyway having heard how AMER actually goes the extra mile locally. Post-truth era, eh?

[rollthedice] 07/2/2017 08:31

IAE bid is pretty disappointing given Stella is due to start producing very soon. I'll vote against.

AMER? Don't know what to think at the moment. It's as if the BoD want to destroy shareholder value by pi55 poor communications & performance.

BLVN? Expectation is that a new BoD could use cash stockpile more productively. Not sure how much further that hope will push share price but I think it's pretty full now so wouldn't be tempted.

[currypasty] 07/2/2017 08:30

anyone in blvn, (unfortunately im not), up from 24 to 32 on calls to sack the board!

any thoughts here ?

[quidnunc] 06/2/2017 21:01

Bid for Ithaca which I'm not going to take. But if there was one for Amer I just might Q

[3roach] 06/2/2017 18:37

A poster on LSE seems to have concluded (at length) a possibility.

[valentine] 06/2/2017 17:00

They often refer to Victor Hugo ruales field as source of platanillo etc. Could be. Can they tell us tomorrow. Be nice if the case.

Thinking about it..We.need a viable alternative to paraguay, risk factor wise, or so I'm told. Ecuador couldn't be better. Maybe they'll find a nice condo in esmarldas yet? Before fertilising daisy roots and brown bread time anyway.