Amerisur Resources Share Discussion Threads

[sharesure4] 21/2/2018 09:20

In my opinion this company will not flourish under Clarke. I have yet to meet anyone who is a supporter of him, even though some of those were in the past. We will get the opportunity to remove him when he comes up for re-election and I believe we should take that along with clearing out any of the remaining Board who have done his bidding rather than looking after the interests of all shareholders. I am prepared to wait for that opportunity and use weakness in the share price as an opportunity to make sure his days as chairman are numbered.
In the meantime this looks like being a very dull time with yet another AGM where anyone asking valid questions will be treated shoddily.

[neo26] 21/2/2018 09:20

Clearly a seller, once overhang cleared will move back up...

[ghhghh] 21/2/2018 09:15

Last time shares fell away for no obvious reason there was civil unrest limiting production. However only about two weeks since last monthly update.

I think City still not impressed with Corp Governance altho the monthly updates are good.

At the bottom of recent trading range. Been a good trading share, buy down here but just remember to sell at 22p!!!

[seball] 21/2/2018 08:47

Agreed I am buying all I can. Great value at this price. Good luck all

[rollthedice] 21/2/2018 08:35

Sub 16p now... this is getting a little silly!

I sense a capitulation buying opportunity on the near horizon.

[eddie_yates] 21/2/2018 08:18

Last years dates
Reserves update was 23rd March
Final results for 2016 was 10th April
AGM was 9th of May

[boris cobaka] 20/2/2018 16:56

Opportunity cost nagging away at a few here and understandable too. Melt-up in markets still to really get going and if you've funds tied up here it could be another 6 months or more before Rex has finally gone.

[aceuk] 20/2/2018 16:08

Effing hell, you people have no stamina.

I for one do not want any part in a lo-ball bid from wherever it might come. That said I do not think there is a chance of one coming unless another big shareholder is fed up with the management, which I consider very unlikely.

[bryet] 20/2/2018 15:54

Chopper...I agree would take a bid at 30p or above way we are going could take a long time to get back to that price with RH still offloading.

[juuunx2] 20/2/2018 15:34

I got finger hovering over buy button but what's the bottom?

[trotting12] 20/2/2018 15:31

Got beat 😟

[bryet] 20/2/2018 15:09

When I said this might go down to 15p even I thought that was a little low for it to fall but it now looks it could hit it.

[charlieeee] 20/2/2018 15:06

On RH, sometimes the simple explanation is the obvious one.

He had a position of 15% at one point and he is working it down as efficiently as he can, by selling into the rises.

If he wanted to crash the share price, all he has to do is to sell into low volume days,, but he does not do that. Equally, he could have trumpeted his exit through each % and he has not done that either: he was sneaking out with no announcements and with the connivance of the BOD.

The sub 20p SP, IMO is squarely down to the drill bit: it should be turning, instead of which, the rig sits idle and timescales are trashed once again. Instead of "down the road with the Colombians" they should have been ready to go with the "N2" sands in 2018.

[boris cobaka] 20/2/2018 15:01

Looks like 16p may finally go.

Cheers Rex.

[mark of the rushes] 20/2/2018 14:16

Is that your Thursday runner Trotts? If you're already on, how about sharing the love :-)

[quidnunc] 20/2/2018 14:08

Sitting on September support FWIW.
Q.

[eddie_yates] 20/2/2018 13:38

Is it a tip Trotts??

[trotting12] 20/2/2018 13:28

Had a little punt on a gg this afternoon ,,if it wins another 20k Amer for the draw !!

[trotting12] 20/2/2018 13:27

Dave ,,the truth of the matter maybe ,rh needs the funds to continue financing mintail ,and Amer is one stock he can drip sell to raise funds

[dodge city] 20/2/2018 13:20

They are taking it down earlier today by the looks of it.

TRP up 18%

[al101uk] 20/2/2018 12:31

bwd,

No point letting logic interfere with a good conspiracy theory.

Also I think I summed it up in post 3142 ;-)

[bigwavedave] 20/2/2018 12:18

I may be the only one ...and I hate to give RH air time...but I am still completely lost as to what he will achieve, if anything, from his continued selling.
If, as has been speculated here, he wants to punish the share price to somehow embarrass GC and JW, then he's wasting his time and money. GC and JW (by his own admission) aren't bothered what the share price is, and still get paid handsomely regardless of whether it's up or down.
If he wants them to sell the company, then this objective has clearly also failed.
Even if there was a low ball offer, surely none on the other major shareholders would vote for it. And the more RH sells, the less clout (already hugely diminished) he has anyway.
If the aim was to get an ally to buy up the cheap shares for some kind of takeover, this also appears to have failed. (At least there is no sign of institutional buying apart from R&M topping up in December).
So, apart from stopping some options (and I say: So what?), what has he actually achieved apart from reducing the value of his own portfolio?
RH's AMER shares are now worth roughly £9m. Not much in the scheme of things, and with every drip of sells his hand is further weakened.
The only other explanation is that he simply wants/needs to unwind his portfolio and letting it go slowly is the best way to do it.
Or maybe I'm just a bit fick. (Likely).

[davwall] 20/2/2018 10:41

From the BBC:

Venezuela has launched its very own crypto-currency today - the Petro will go on sale today, and President Nicolas Maduro hopes the digital currency will help the country make financial transactions and get around Western economic sanctions.
"The difference with this crypto-currency is that the government says it is backed by one barrel of oil, so it's a way for the Venezuelan government to say that this currency has some extra real-world value," BBC's South America reporter Daniel Gallas told Today.
"The problem is that Venezuela's oil hasn't been enough to create value for this huge country, which has been at the heart of the crisis the country is going through."
He said it is not clear whether it would be breaking the rules for banks and investors to use Petro to conduct business with the country.

Think I'll pass for now...