Amerisur Resources Share Discussion Threads

[blackdown2] 24/10/2017 10:27

Eeyore is back.

[kirkuk] 24/10/2017 10:25

bibdaddy.

What was that about a conspiracy theory and a 1 trade!!!

[aceuk] 24/10/2017 10:17

Snow was a bit slow but he got there ;-)

[rollthedice] 24/10/2017 10:17

Who needs to 'pursue a de-ramping agenda' when AMER does such a fine job by itself?!

Still holding but suspect this is heading lower again with market looking so toppy even without further production disruption.

[acv74] 24/10/2017 10:15

Looking forward to seeing the October numbers, hopefully the blip they have signposted was minor and the results will be good. Underpromise and overdeliver for a change.At 7,000 bpd and $30 GP per barrel, we should be generating operating cash flow in excess of £1m per week?All these short term share price games don't interest me, looking to where we will be in 2018-2020.

[bibdaddy] 24/10/2017 09:35

For all you conspiracy theorists a 1 trade has gone through

[blackdown2] 24/10/2017 09:32

I can’t see the point in pursuing a de-ramping agenda. Anybody who bases their investment decisions on bulletins board posts needs their head examined - certainly the readers/posters here are too smart to be influenced by partisan comments by the likes of bc.

[jailbird] 24/10/2017 09:15

Boris,I do not hold but monitor this one.But your thoughts are all ifs and buts ... and laughable I am sure many may have contrary views.

[boris cobaka] 24/10/2017 09:09

My own agenda?
It's no secret I would buy some when I think either this dip has run it's course or a further new low is put in. I wouldn't comment on something i'm not interested in and if I had bought in i'd be happy to share my thoughts on why I had done so at that given point in time.
In any case my comments are of course all imo and best to dyor.

[blackdown2] 24/10/2017 08:51

Bc

No doubt your comments support your own agenda. Whatever that might be.

[marnewton] 24/10/2017 08:50

Morning boris,

I agree with much of that - certainly the levels you flag (no pun intended).

17.50p, the rising 50 day SMA, is the backstop.

But volume, to me, seemed adequate for the move into the low twenties, particularly as the long decline was a fairly low volume affair. And I'd expect this period of consolidation to be on diminishing volume, which it is.

Of course, if it goes on too long we'll fall back, momentum will be lost, but that's not the picture today, it's still one of consolidation.

Ever the optimist, my glass is half full, until evidence shows otherwise.

M

[trotting12] 24/10/2017 07:47

The selling here has been going on for nearly a year ,this coincides with the South African mining company Rex is financing getting in to financial trouble ,,they are a big out fit and their refinancing will definitely be draining Rex's coffers ,,,so basically we have a forced seller and a gift of an share price to cash buyers ,,,I'm topping up as cash allows ,

[boris cobaka] 24/10/2017 06:26

Morning.

If the share price can remain above 18.5 then marty's consolidation may wobble on for a bit longer. A break below 18.5 would be a bit of a worry but as long as it then didn't close below 17.5 for more than a couple of sessions I'd say the bottom might be finally in. However if we do get that close below 17.5 and volume picks up on this fall back then I suspect at least a 14p downside target. That together with some very big volume would likely be the final bottom and hopefully by then RH has left the building. So much depends on how it breaks 18.5p and the volume pattern from then on.

That's the main issue I have with that last rally which doesn't quite ring true imo. Low volume.
Gl.

Marty knows what I mean.

[blackdown2] 23/10/2017 20:58

Probably. Still not clear - at least to the layman like me - what the motive could be.

[boris cobaka] 23/10/2017 19:28

Thanks Marty. I'll keep you posted.
The whole Harbour mess I suspect will weigh on this stock for a while.

[marnewton] 23/10/2017 17:30

Thanks for your concern, boris.

No need to wonder, just ask.

I still hold all three tranches. The first two are pretty safe, I believe. If I sell tranche three I won't need you to whisper in my ear.


All,

The hoped for flag is looking a little feeble. Volume is ebbing away again. Major horizontal resistance between 19.50p and 19.75p, breached on four consecutive days, has been breached again to the downside on the last two.

The falling (so resistance) 200 day SMA (red) has rebuffed progress twice. It lies just above, and roughly parallel to, the top of the year long descending channel.

The rising (so support) 50 day SMA (blue) is at 17.50p.

To me, we're consolidating, after a good run, prior to pushing through what amounts to quite a lot of resistance.

boris may get his 'wash-out', but AMER spikes are very rapid and he'll have to be bloody quick to get in at any volume - the rest of us know that.

M


Log scale daily candlestick chart:




Log scale weekly candlestick chart:

[laptop15] 23/10/2017 17:00

Mariposa/CPO news any so nows the time to load up all and keep the faith!! The company is in the best position its ever been in so just believe and hold ontop your shares!! Don't be surprised in we get some new institutional investors coming in at this price :)) mms are just plsyimg games as they know people will be buyimg much higher after the news land. I'm very confident about AMER...have 75% of my Portfolio in at 18.75p avg...will definately make money from here!!

[boris cobaka] 23/10/2017 16:09

I thought we might have heard from Marty. After buying a couple of sessions ago it looks like we're about to get our second consecutive close below the 8day ema.
Wonder if he's still in.

[juuunx2] 23/10/2017 14:21

Probably since the operational update said three more wells were on a modest reduction due to maintenance therefore monthly production is gonna probably disappoint us yet again. Hopefully not. Just as we were gathering steam

[foiledagain] 23/10/2017 14:21

I still get the impression from the last RNS that Amerisur are happy to see the share price depressed. Now whether that has anything to do with RH I don't know.

But it would have given an opportunity of 2 months more at this level or near this level, as October production has already been suggested to be moderately affected by works, and that its likely that November production figures might be the ones to cheer.

On that basis I just wonder if they are happy to see share price at or around this level for a little longer.

[quidnunc] 23/10/2017 12:04

The Ichimoku picture remains optimistic although the momentum aspect still raises a question mark.
The Footsie looks a bit toppy though with a couple of the indices dropping through the Tenkan slightly.
A correction might be due so don't get caught by Miss Whiplash!
Q.

[davwall] 23/10/2017 12:03

Feels weak today. Another poor pm to come with a sub-19p bid at end of play..?

[francis55] 23/10/2017 12:00

Samd old same old.