Amerisur Resources Share Discussion Threads

[moneylender] 10/6/2019 15:05

Spot on FoiledAgain. GC is safe as houses.

[foiledagain] 10/6/2019 14:53

Output at Amerisur is none too shabby. You compare all the other Aim oilers out there, compare debt levels etc. Amerisur stands head and shoulders above the rest.

Giles will not have to, as I doubt the institutions will cop out, as otherwise they would have voted not to reelect directors.

He indicated last year about potential suitors and he has made his views known on any takeout figure required.

[chopper harris1] 10/6/2019 14:35

Giles might have to if he and his colleagues don't pull their fingers out and produce some positive action to improve sentiment here.

[foiledagain] 10/6/2019 14:27

Some holders here seem eager to sell for peanuts.

Yes its gone from 60p down and it can go from today's share price back just as easily.

This persistent drop was not caused by fundamentals but by a persistent seller.

Ideas of selling it for 20p are in my opinion cloud cuckoo land and I do not believe Giles would even let them in the door on that basis.

[laptop15] 10/6/2019 13:29

It will rally soon imo, radio silence usually means there is something to keep secret. The directors are in a closed period for quite a few months now, has to be a reason for this. I imagine we will get some news this week or next either way and double drill news close also.

[mrx001] 10/6/2019 12:28

I did review my holding of this share and it was very difficult to make a decision. Well financed, directors have a reasonable holding, profits forecast to be going up (but they have a track record of not delivering), wells being drilled (but no updates being given by BOD. Share price declining. Came to the conclusion may as well hold and/or hope the BOD get booted out, or that we get bought out. It was close though. :0(

[lauders] 10/6/2019 12:11

Good point Lucyp00p. Trying to be rational here does seem a bit "out of the box". Whatever was I thinking! ;-)

[lucyp00p] 10/6/2019 12:07

Nothing here makes any sense, surely you know that by now

[lauders] 10/6/2019 11:59

While the share price has declined a lot from the 60p days I doubt the BOD would let an offer of less than 20p materialize being that they bought many shares in the 17-20p range not so long ago. Wouldn't make much sense would it really?

[dayway123] 10/6/2019 11:45

I believe private and institutional investors alike would consider a cheeky offer probably not much above where we are now. The bod offer no protection against the low share price and regardless of what JW says, in defending the company rigorously to such a position, would have no defense. We are heavily exposed to such a threat, JW and GC don’t seem to be bothered. The share price has deteriorated from 60p to little over 11p and hardly inspires confidence. I feel we are being beaten into submission and if this happens the bod will have to answer to their recklessness.

[mrx001] 10/6/2019 09:13

Can't say I agree with that spam since the company has no need to raise funds.

[lukmanpatel] 10/6/2019 06:36

Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol

[kaos3] 09/6/2019 17:19

I do not think that unrelated parties have already taken over this Co in a silent fashion and so they just do not care about the rest and are interested in further cheap shares.

I do not think that they would ever operate in an illegal way. But allowing all that is legal in a very smart way. To the last pound.

[tyler durden1] 09/6/2019 14:06

No. Can't happen. The BoD approach in the first instance requires the offeror to make known who they are plus a lot more even to the extent of beneficial owners.

Rule 1(a) of the City Code provides an offeror (or its advisers) must notify a
firm intention to make an offer in the first instance to the board of the target company or to its advisers (before a public announcement of the offer is made). In the case of a hostile offer the relevant communication would ordinarily take place only a few minutes before public announcement.

1.2 Contents of an Announcement
The announcement of the offer is required by Rule 2.7 of the City Code to contain a number of matters, including the terms of the offer, the IDENTITY OF THE OFFEROR and details of any existing holding of shares, or options over shares or outstanding derivatives, in the target company owned or controlled by the offeror or persons acting in concert with it, as well as details of any short positions.

Section 89 FSA provides that it is a criminal offence where a person makes a false or misleading statement, knowing it to be false or misleading or being reckless as to whether it is, or dishonestly conceals any material facts, if he does so intending to induce another person to enter into a relevant agreement (or refrain from doing so) or to exercise any rights conferred by a relevant investment (or refrain from exercising such rights), or if he is reckless as to whether his statement or concealment will so induce another person. The person who is so induced does not, for the purposes of the offence, have to be the person to whom the statement was made.

1.3 Restriction on Dealings by the Offeror during the Offer Period
During the offer period the offeror must not acquire an interest in securities in a target company through an anonymous order book system, or through any other means, unless it can be established that the seller is not an exempt principal trader connected with the offeror (Rule 4.2(b) of the City Code).

2.2 Concert Parties
A notification obligation will arise under DTR 5 where the offeror agrees with a third party who holds voting rights in the target to enter into an agreement to adopt, by concerted exercise of the voting rights, a lasting common policy towards the management of the target.

2.3 Disclosure of Dealings by Parties to a Takeover
Any dealings in relevant securities by the parties to a takeover, by persons acting in concert with a party to the takeover and by an exempt principal trader connected with the offeror or target company during the offer period must be disclosed in writing on a daily basis to a Regulatory Information Service (RIS) with an electronic copy of such disclosure to the Panel. Disclosures must be made not later than 12.00 noon on the following business day (Rule 8 of the City Code).

[the drewster] 09/6/2019 10:24

With all the complexity among the connected parties, it wouldn't be impossible to launch a cheeky bid and hide, or partially hide who's behind it.

I don't like all the cloak and dagger stuff, and suspect a lot of others don't, which reduces the price we'd be happy to see to end the saga.

[moneylender] 08/6/2019 13:14

Sofar in June. OBA numbers.

[tyler durden1] 08/6/2019 12:28

Nah FSA been eating too many mushrooms of the wrong sort

Likely to be a bit hush husha-to hide fact it's a gusher

[davwal] 07/6/2019 22:40

Dusty Springfield. How come you know it’s a duster?

[fsawatcher] 07/6/2019 19:21

sol-1 gone springfield