Amerisur Resources Share Discussion Threads

[fsawatcher] 22/7/2019 22:36

I fink next move M&P up bid to 20p

then grabber dabber some ii's stock and daft pi's

then you's into 20p to 30p bid zones

25p majic number for placin ii's

[juuunx2] 22/7/2019 21:55

Friday at least

[willec1979] 22/7/2019 21:53

Where does one think we can get to at the end of this week?

[quidnunc] 22/7/2019 21:41

Confirmed. FG goes back a long way here & even came to a ruby or two.Speaking of which.....anyone about evening of 30th?Q

[spudders] 22/7/2019 21:18

Has Tony expressed a view on the current situation 🏍

[juuunx2] 22/7/2019 20:36

Il take that and I will even clean his windows if he's right lol

[tyler durden1] 22/7/2019 20:30

intheknow

I have it from an ultra reliable source the eventual price will be 34p.

The taxi driver knows a man who cleans the windows of a man who knows the owner of an off-licence who serves a woman who purportedly knows the cleaner and overheard it. "how much for the old Amir Sir? 34p was the reply....allegedly.

But 34p is it

[mintington] 22/7/2019 20:29

Sorry but this is still a steal under 40-50p....I won't be selling until the end.....Amerisur hopefully will update us soon on Plat 22 optimisation which is within their immediate remit possibly also with third party oil news, then followed with update on SOL1 with agreement of ONGC...good news will propel us upwards and onwards quickly through the 20's....having been here from Chaco days at sub-2p to the dizzy heights of 66p I am happy to wait and trust BOD to maximise situation

[intheknow69] 22/7/2019 20:28

We shall see shall we. Where’s all the 17p sold out merchants gone from this morning?

[bountyhunter] 22/7/2019 20:25

with an avatar like that lol?

[ammu12] 22/7/2019 20:16

Lmao reliable sources I.e your granny

[intheknow69] 22/7/2019 20:08

I have it from a reliable source that bids into the high 20’s will be tabled this week. It’s getting very interesting here isn’t it?

[fatgreek] 22/7/2019 19:24

Amerisur Resources spikes as market anticipates bidding war (AMER)22 JUL 2019 | Daniel FlynnShares in Amerisur Resources (LSE:AMER) continued to rise on Monday morning, hitting 17.66p as investor anticipation around a bidding war for the Colombia-focused oil & gas business hit new highs.The firm was trading 6.9pc higher following the news that it had received a takeover bid from Paris-based exploration player Maurel & Prom (M&P) valuing it at about $257m. M&P's offer values Amerisur's shares at 17p each, comprising 12.5p in cash and new shares in M&P worth 4.5p. This represents roughly a 41.7pc premium to Amerisur's 12p share price on 17 July, two days before it announced that it had launched a formal sale process after receiving multiple expressions of interest in its assets. This move prompted a 37.6pc increase in Amerisur's share price, pushing it to highs not seen since March this year.In an update on Monday morning, M&P said that its deal would enable Amerisur's shareholders to 'realise immediate cash' and benefit from having a 'platform of significantly greater scale, as well as experienced and focused management across the entire E&P value chain, from exploration, development, production through to field optimisation.' The Euronext-listed firm added that it would look to list on the London Stock Exchange's Main Market within six months of any successful bid to ensure Amerisur's investors retain exposure to a UK-listed entity.However, in a corresponding statement, Amerisur said that M&P's offer, which was made immediately after it launched its sale process on Friday, 'materially undervalued' its operations. As such, the business added that it did not merit further consideration in its current form. Amerisur said it had entered discussions with numerous potential bidders since announcing its intention to sell, adding that it would still consider any future proposal put forward by M&P. A spokesperson for the business said:'The purpose of the competitive Formal Sale Process we launched on Friday is to maximise value for shareholders. As well as the offer from Maurel & Prom, we have had a number of additional expressions of interest in the Company.'Likewise, the firm said it was 'confident' that a competitive process involving several potential counterparties can be 'completed to the benefit of all shareholders'.With Amerisur's share price surpassing 17p, its value under M&P's bid, it appears that the market is equally confident in the company's ability to secure a bid on more attractive terms. It will now be interesting to see what comes of the various discussions that Amerisur claims to have entered. With the organisation's market cap already sitting at £200.8m as at writing, there could be much more upside to come relative to M&P's offer.

[xxnjr] 22/7/2019 19:22

Nothing dramatic with the OBA Nos to suggest Plat-XT online

[fatgreek] 22/7/2019 19:19

Amerisur Resources engaging with Maurel & Prom after rejecting initial approach22 July 2019 | 13:53pmStockMarketWire.com - Amerisur Resources confirmed that it had received a takeover approach from Maurel & Prom but had concluded that its offer under-valued the company.Maurel & Prom had suggested a possible offer of 12.5p per share in cash and 4.5p per share in Maurel & Prom shares.Amerisur Resources last Friday announced that it had launched a formal sale process after receiving a takeover approach.On Monday, it confirmed that Maurel & Prom had accepted an invitation to participate in that sales process.The company added that a 'number of conversations' had taken place with interested parties since Friday and that it was 'confident that a competitive process involving several of these potential counterparties can be completed to the benefit of all shareholders'.At 1:53pm: [LON:AMER] Amerisur Resources PLC share price was +1.33p at 17.85p

[juuunx2] 22/7/2019 19:10

Is that got your 24p tip??? Nudge nudge wink wink

[cudmore] 22/7/2019 18:36

Tomorrow will be very interesting. All eyes on the RNS feed at 7.00am.

[crossing_the_rubicon] 22/7/2019 17:44

Tripled my modest holding here earlier today on the back of the news.

Here's hoping.

[foiledagain] 22/7/2019 17:19

Win win for holders

Even if no bid were to materialise it will be most difficult for the Board to sell how undervalued Amerisur is (and it is) without demonstrating it by actions and rewards. Idle promises won’t do it as otherwise it would get hostile bidders pushing holders

[davwal] 22/7/2019 17:04

Well my Amer holding turned a different colour today - a nice shade of blue. I had thought it only came in one colour.
I could just about manage a curry and lager on the ‘profit’...