Amerisur Resources Share Discussion Threads

[foiledagain] 23/4/2017 14:45

Big7

your first point. WRONG
your second point. RIGHT. Its worth that and more and within a couple of years £2 possible if the 20,000bopd is hit and oil price at $60+ if it is not taken out sooner.

Long term holders that bought for a few pence know the prospects, know the potential and can still afford to be critical of what many believe are Boardroom excesses.

Newcomers (September 2016) might not have that same luxury but hang in there and it might make your fortune.

Good luck

[laptop15] 23/4/2017 14:05

#AMER search and you'll find my tweets :)

[3roach] 23/4/2017 13:40

Yep, here's hoping for a good week ahead.

[big7ime] 23/4/2017 12:56

FA you panicked and got out at worst point
This is heading back to the 40s imo in quick order.

[big7ime] 23/4/2017 12:56

FA you panicked and got out at worst point
This is heading back to the 40s imo in quick order.

[gtfcniles] 23/4/2017 12:10

There are loads of Chris browns can't see you

[valentine] 23/4/2017 10:47

Losing Ecuadorian Presidential candidate, Guillermo Lasso, was up to naughty offshore banking business, allegedly.the new government of Lenin Correa has fined the press for ignoring it and not reporting his activities. Would you Adam and Eve it in this world of fake news and surprising election results? It would be interesting to know what his offshore activities involved.
Maybe a question for AGM if we are still waiting to be granted blocks in Ecuador?

[fernandesb] 23/4/2017 10:18

is anyone going to the AGM?

[laptop15] 22/4/2017 22:01

Your welcome to join guys no pressure either way, its just an offer to shareholders like myself and yourselves is all :) good luck to all. Have a few spaces left for anyone interested :)

[valentine] 22/4/2017 20:09

Several people who post here can say the same and have contacts far beyond malcy. Oh well control of the other one seems.to be more important to you.

[laptop15] 22/4/2017 19:55

In case any one is interested in joining our AMER long term shareholders group on twitter, just follow me Chris Brown and i can invite you to the group :) we have a nice group of people plus we have malcy which is great as he really knows tye company well.

[laptop15] 22/4/2017 19:55

In case any one is interested in joining our AMER long term shareholders group on twitter, just follow me Chris Brown and i can invite you to the group :) we have a nice group of people plus we have malcy which is great as he really knows tye company well.

[valentine] 22/4/2017 18:20

This bb is a long more relaxed and comfortable Q. The other one is getting a little bit angst ridden.

[foiledagain] 22/4/2017 15:43

Or perhaps cancel options completely, that would reduce number of shares

Compensation of course....at the exercise price of 0.1p per share or any exercise price differing from that.

They were cheeky though as there was a bonus scheme many shareholders didn't know about, on top of the options allowing a bonus of 100% of their salary upon hitting targets, including for finishing the OBA, where options were also granted in advance for the same thing.

The only safe bonus in a company that pays no dividends is one that is based on how the share price performs, and by that reckoning shareholders are owed a refund.

The Board have reaped their rewards and continue to do so with shareholders still waiting for the jam....tomorrow.

[quidnunc] 22/4/2017 14:36

Well it poked its head out through the Ichimoku clouds but finished within at the finish so finishing on a bullish signal, albeit a little weak....but progress nonetheless.
As I said on 20th, it needs to break 28p to get properly clear.

Maybe it will, there is more news to come from the wellheads in the near future and of course Malcy is talking about making a trip to the AGM. Perhaps he has a sniff of something?

So with the narrative firming up and the share price pointing north things look a little rosier.
Off course, the phantom seller, Farc and the Indigenes could still scotch the recovery.
Q.

[valentine] 22/4/2017 14:30

Buying back would help protect them from anyone with an eye on the prize. "Know when to hold em. Know when to fold em. Know when to walk away and know when to run" GC theme tune. If he's putting money in the pot he knows he has a winning hand.

[foiledagain] 22/4/2017 14:25

Big.

Not quite as you infer, as its not the intention so much as the potential to buy back as they state:
"In seeking this authority the board is not indicating any commitment to buy back ordinary shares."

The potential of buying back 121,320,000 shares should be in context with Resolution 8 which gives the opportunity of issuing 404,400,000 ordinary shares without further shareholder approval.

Resolution 8 will be proposed as an ordinary resolution giving the directors a general authority to allot further shares of the Company, having an aggregate nominal value of £404,400 (representing 404,400,000 ordinary shares of 0.1p each). This represents approximately one- third of the total ordinary share capital of the Company in issue at the date of this letter, the amounts being in accordance with institutional shareholder guidelines. The directors have no present intention of exercising this authority. This authority will expire at the conclusion of the Annual General Meeting to be held in 2018 (save that the Company may at any time before such expiry make an offer or agreement which would or might require relevant securities in pursuance of such an offer or agreement as if the authority had not expired).

[3roach] 22/4/2017 14:07

And presumably increase share price

[big7ime] 22/4/2017 14:04

Interesting, it appears they intend buying back up to 121m shares
Which would solve the Rex issue.

[broncowarrior] 22/4/2017 11:14

Love and money desperate to get in...

[loveandmoney1] 22/4/2017 10:05

likely retest 21 shorterm imo

[francis55] 22/4/2017 10:02

Plan 21 is 38 days away so kets hope as pisitive as Plan 22.Anyone any news on Plan 25?

[oilandgas1] 21/4/2017 20:35

It's good progress over last 2 weeks from an unbelievable low.. we are still lower than last year (apr16) before the "delivery" of OBA, so don't get too excited yet, even with averaging down.

We should ( and need to be in the 30's), I hope we can continue the improved execution and the good volumes!

[francis55] 21/4/2017 19:06

Largest buying volumes in 3 years over last 2 weeks. Director buys would give this a proper kick upwards.