Amerisur Resources Share Discussion Threads

[dodge city] 16/2/2018 12:45

The thing is it goes up in the morning then down in the afternoon.

[bryet] 16/2/2018 12:44

If this stays up by the end of the day we just might have hit bottom and who knows Rex may not sell any more if we have not had any problems during the month the future looks bright keep the faith..and fingers crossed!.

[foiledagain] 16/2/2018 12:38

Quarrel? "An angry argument or disagreement"

Not from my perspective, just a difference of opinion where all are welcome

[charlieeee] 16/2/2018 12:19

The positive way to look at it is that 20% of his shares went in the last spikes.

A couple more spikes on good news will take his holding to equal and opposite the short position.

We don't need to quarrel on this one: it is just a slightly different take on the facts.

In any event, I want to see them drilling the "N" sands for the profit and reserves: they need to deliver value and the share price will take care of itself.

[foiledagain] 16/2/2018 11:59

charlieeee

I don't think the get drilling idea works efficiently.

We have seen how any good news is swallowed up making very little difference, hence some observations that the BoD may not even be too interested in providing good news just to aid RH.

Yes, it might get rid of his shares, but at negligible difference to the share price until he was out where that good news would have been used already.

The share price will go up when the City decides it will go up, or when its too risky for any one of them to be out in case a competitor gets in their first and adds upward momentum to the share price knocking out shorts and leveraged deals and providing the impetus for chain reaction upwards instead of the downward cascade in the share price we have noted here.

I don't believe its a coincidence that the real good news has been CPO-5 which Amerisur have no alternative but notify, whereas operationally on its 100% assets it can choose when to drill, when to stop production for maintenance etc. etc.

[laptop15] 16/2/2018 11:44

This has bottomed imo...now is the time to load up...i bought twice yesterday

[laptop15] 16/2/2018 10:44

Some rough sales and profit figures based on current average production of 7000 boepd

[laptop15] 16/2/2018 10:43

https://twitter.com/laptop1515/status/964449415292387328

[charlieeee] 16/2/2018 10:37

Does anyone have an evidence to prove that RH is selling below 20p?

Do we not think that he sold into the recent spikes, when volume picked up?

He clearly is not deliberately crashing the price, otherwise, with his fire power, this would be zero: he has extracted himself from a significant position as stealthily as possible over a period of time.

To see him gone as quickly as possible, we need good news, which would encourage PIs and perhaps a new II to snap up his stock: the solution is entirely in management's hands: get drilling. Otherwise, we are going to have to wait for CPO-5 to do the trick.

[foiledagain] 16/2/2018 10:18

I reject the idea that RH is selling all of his shares to finance Mintails, as that explanation doesn't make sense for several reasons.

Rex had funding to launch a bid of $60m for takeover of Mintails in 2011.

If he was hard pressed, then he would not at the same time as selling some Amerisur have bought Pantheon Resources?

This guy purportedly owns City Securities or did on 24/4/17, so funding would not be a reason to sell Amerisur and not from a family worth so much money.

My own opinion is there was a major rift, possibly about asking that the company be put up for sale but I would not be surprised if RH's selling was to remain just under 3% as the new transparency rules mean a holding just under 3% remains off Amerisur's major shareholders list and kept grey.

[lucyp00p] 16/2/2018 09:59

Money can't buy the joy he gets out of making GC look bad every single day. That water must run very deep.

[ladeside] 16/2/2018 09:55

RH is Forbes List, I doubt he really gives a toss about his Amer holding.

[eddie_yates] 16/2/2018 08:51

It doesn't Harrisun
Maybe Neo is making that assumption like I'm sure most on here will be

[chopper harris1] 16/2/2018 08:51

Perhaps Mr Harbour isn't that stupid and willing enough to cut off his nose to spite his face by disposing of all his remaining shares at current levels. Surely, despite his spat with the BOD, he must be aware of the company's potential and that he will be much wealthier by disposing of the bulk of his holding at much higher prices to today's?

At some point he will realise that he's made a point of sorts and will want to achieve as much money from his remaining investment as possible.

[harrisun] 16/2/2018 08:47

where in that RNS does it say he is selling all of his shares

[blackdown2] 16/2/2018 08:41

Try the 12/2 RNS.

[harrisun] 16/2/2018 08:10

neo. You have inside information?

So how you know he has 56m shares to go?

Who says how many he offloading?

He may have only 500k to go may be 10,000,000 unless you insider you guessing

[neo26] 16/2/2018 00:33

Well they have another 56m shares to go.May take some time to offload..

[return_of_the_apeman] 15/2/2018 23:11

Forget Rex, this company is generating significant cash every month and if any of the 16 fully funded wells due to be drilled this year flow this will re-rate regardless:-)

Every dip is a buying opportunity for those that can grasp the fundamentals

[westmoreland lad] 15/2/2018 21:33

Lucyp00p
15 Feb '18 - 17:52 - 6907 of 6913

Because Rex didn't and doesn't want to clear his position in one go.

Hi Lucy -- exactly my take on this situation. More than happy to drip feed the stock for as long as it takes. As the trading volume keeps slowing the longer the
pain will be in flicked on Giles Clarke, but as Trotts says for us longer term holders it matters not, because in the carriage of time prams run out of toys.

[moneylender] 15/2/2018 19:17

Tony-- Off Topic.

I came second overall in the 71 Hill rally, been up there many times.
whenever you take your bike up there bring a second helmet. lol

Still think its Strata Florida, but could be wrong.

[farview1] 15/2/2018 18:48

By majority shareholder vote.The II seem to know more than us, unless they're asleep.I'm confident that Alex Snow will, in time, sort out Corporate issues provided he isn't out voted by BoD.

[lucyp00p] 15/2/2018 18:29

How do we sack the board? I mean in any other business they wouldn't last 5 minutes.