Amerisur Resources Share Discussion Threads

[davwal] 26/1/2018 09:15

I’d have thought the time to challenge a chairman was during the meeting, not after it was over..?

[lucyp00p] 26/1/2018 08:50

Libel laws......please give me a break

[lucyp00p] 26/1/2018 08:49

Ha, good luck getting to him before he scarpers out the back door and through the kitchen as soon as he declares the meeting over.

[acv74] 26/1/2018 08:48

It's easy to be rude and obnoxious behind the sanctity of ones keyboard.I would be a bit more careful with the libel laws though.

[charlieeee] 26/1/2018 08:45

The success of this company in 2018 will be determined by the drill bit.

It will re rate once JW gets that rig in action on those N sands,Indico is drilling ahead and Vetra are allowed to drill Put 8 off that pad in another block.

On GC, Lucy, it is a question of opinion and we should agree to differ: as you rightly say, this is getting tedious. Hopefully this year I should make the AGM and we can chat this through and present our conclusions to the man himself?

[lucyp00p] 26/1/2018 07:20

This is getting tedious. JW runs Colombia ops. He brings in the value. GC sets the tone for the corporate persona which destroys the value of most of what JW does, as he is so dodgy someone even made a movie about him. He is probably behind Michinoko and every move to maintain the company's indifference to external communication from his Welsh lair. We have exhausted the reason why this company is priced like one spiralling toward oblivion rather than where it should be. Rex is no longer a factor, if he ever was. So Charleeeeeeeeee what is it about this destroyer of value you like so much?

[bigwavedave] 26/1/2018 04:05

8. 40p by Easter?

[tonyrelaxes] 25/1/2018 21:21

A few weeks ago I did think of posting a New Year wish list for AMER.

It would have been, in no particular order of priority -

1. A revised BoD with a greater emphasis of 'Oil' than 'City' knowledge.
2. Statement of the BoD's ambition for the Company and its Shareholders - both mid and (if appropriate) long term.
3. AGMs be held at an hour and location better suited for Shareholder access than that of the Chairman and FD (and ML!).
4. Question and 'coffee' periods following the formal AGM business and presentation are not restricted or cut short by the BoD's self imposed need or desire to be elsewhere in other company.
5. A full market listing.
6. An Investor Information Office which will answer ALL enquiries - albeit with 'No Comment' sooner than completely ignore requests the BoD would prefer not to answer for whatever reason - be it business, commercial or comfort.
7. Putting forward JW's name to the Honors Committee

Anything I've missed?

[charlieeee] 25/1/2018 21:21

Lucy

You need to understand corporate structure.

The clue is in the title: John Wardle CEO: he is the Chief Executive Officer and according to you "immensely brilliant".

So,we have a fantastic company and a brilliant executive and that, in anyone's book. makes this a good investment choice.

As for Harbour junior, he is the archetypal spoiled petulant rich kid, playing at investing with Dad's money and a walking example of how to make a small fortune: start with a large one.

Whilst some might share your opinion of GC as a liability, others, such as myself, see him as an asset. Company law is democratic and if a majority are of your persuasion, vote him out.

[jumpenjim] 25/1/2018 17:45

davwall That's quite funny M Mrs asks me the same question every night

I think she knows when I hang my head in shame and say no there fine dear

maybe 1 day I,ll be able to keep my head high !!!

[big7ime] 25/1/2018 17:45

I think you may be right Lucy about GC but would we feel the same if the share price was double what it is now? The whole small oil co sector is washed out.

[davwall] 25/1/2018 17:20

My other half says things like "How's our shares doing, you haven't lost all our money have you, and you're keeping it from me?"

I'm always truthful in reply. No, not ALL of it...

[bryet] 25/1/2018 15:49

Lucy..had to smile reminds me of my better half.

[charlieeee] 25/1/2018 14:10

The great and good never spare a backward glance for their fallen comrades: a universal truth brilliantly encapsulated by Scott Fitzgerald.

[tonyrelaxes] 25/1/2018 13:44

While wooing in Ecuador, I wonder if GC will stop off in Florida to see his old cricket pal Allen Stanford?

Maybe the two friends reunion is on hold until he has completed his 110 year jail sentence for fraud and in between Stanford is an unpleasant reminder of bad judgement - better to be ignored as much as PIs.

[seball] 25/1/2018 12:38

300k income a day at current oil price. Buying shares at this price a no-brainer imo

[charlieeee] 25/1/2018 12:37

Whilst it does not maximize profit, at the current POO, it is still profitable.

At $45 net operating return of $29
At $66 net operating return of $50

So, even with an additional cost of $10 trucking/reduced end product value, it gives a better net operating return (an excess of some $11) above budget, so from a bean counter's point of view, there is every point in bringing on as much production as possible, particularly if they can exceed the guaranteed minimum.

[dodge meister] 25/1/2018 12:23

The market need to see the cash flow...bb projections aren't going to do it.

[davwall] 25/1/2018 11:46

In answer to my earlier point about the Platinillo drilling programme, I suppose there's not much point bringing more production on stream if they can't transport it through the cost-effective route(OBA)until the pumping station in Ecuador is operating later in the year.

[charlieeee] 25/1/2018 11:41

Increasing an already substantial holding most certainly is a sign of institutional confidence.

The question has to be, why Amer?

My answer is exit strategy: he expects this to be bought out.

In your opinion, RI, should we really have been extracting our oil to sell at a loss over the period of low oil prices?

It takes time to re-rate: we need our 3 horses in the starting stalls to add excitement to the dull repetition of a daily net operating return in the order of 350k and we should have them lining up soon enough.

[responsible investor] 25/1/2018 11:27

9 million shares by one institution is not exactly a sign of institutional confidence.

The indication of production and flows through the OBA were much higher two/three years ago.

And the market price of the shares is only up from 17p to 20p despite the fact that oil has risen from $30-35 to $65-70!

Wonderful!

[davwall] 25/1/2018 11:05

The level of investment by young Pip from R & M is indeed encouraging from our side of the fence. He stands either to have his growing reputation significantly enhanced by his foresight or badly damaged by a monumental lack of judgement. For all our sakes, I'd like to think it will be the former...