Amerisur Resources Share Discussion Threads

[kirk2] 24/7/2019 12:51

BID INCOMING

[ladeside] 24/7/2019 12:50

I'm not insinuating anything, I'm merely pointing out that both their companies have been put on the market within a couple of weeks of each other and both Wardle & Clarke are hugely underwater on their actual cash purchases of both shares, given the current SP's.

Could there be a link ?

Do they need to raise cash ?

Is this a play to get recognition of true value ?

Who knows ??

What I do know is that I don't believe in coincidences of this nature.........

[astorcourt] 24/7/2019 12:43

Lakeside, get to the point please, what are you insinuating?

[mickinvest] 24/7/2019 12:39

The next test is the next bid on the table if I'm reading it right!

[ladeside] 24/7/2019 12:38

You can all make your own assumptions on whether this is relevant or not, but I believe it is, as it directly concerns GC, NH & JW.

Ironveld (similar to Amer, is currently trading at an all time low and hugely below the prices that GC and JW (Tracarta) have been purchasing huge tranches).

I'd advise you all to read the below and then draw your own conclusions about what's going on with GC / JW etc.

Let's just say the similarities are rather striking.........

hxxp://www.morningstar.co.uk/uk/news/AN_1517410152422247200/tracarta-expands-ironveld-stake-to-100-at-60-million-shares-(alliss).aspx

hxxps://www.valuethemarkets.com/2018/07/16/time-follow-tracarta-buy-ironveld-revisits-time-lows-iron/

Ironveld plc, the owner of a High Purity Iron ("HPI"), vanadium and titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the "Project") today announces that it has engaged finnCap Ltd ("finnCap") to lead a review of strategic alternatives for its mining assets, (the "Strategic Review").

Giles Clarke, Chairman of Ironveld, said:

"We believe that we have one of the premier in situ HPI, vanadium and titanium deposits in the world and we believe that the potential of the Project is best recognised by third parties. We have therefore initiated the Strategic Review to ascertain how our assets can best deliver value to our shareholders.

We thank shareholders for their continued support of Ironveld and we look forward to providing further updates on the potential sale of our mining rights as appropriate."

Potential fundamental change of business

The sale of the majority or the entirety of the mining rights over the Project would likely constitute a fundamental change of business for the purposes of Rule 15 of the AIM Rules. Accordingly, any disposal would be conditional, inter alia, on shareholder approval being obtained at a general meeting.

Giles Clarke, Chairman of Ironveld, said:

"The magnitude of the vanadium and titanium bearing magnetites within our ore body would support the construction of a vanadium mine and processing plant for an end-product that is in ever increasing demand. We are confident that on this basis the project will be of keen interest to a number of potential partners and parties."

[fatgreek] 24/7/2019 12:37

If I'm reading this right the next test on the share price is 20p

[lucyp00p] 24/7/2019 12:29

They don't have a golden share, right now, as I see it, we are in Gordon Gecko territory.

[pauliewonder] 24/7/2019 12:25

Bid and offer both moved up, time to challenge 18p now.

[xxnjr] 24/7/2019 12:09

Kind of thinking the same if no-one else emerges rossannan.

Q is. Do JW/GC really want to throw in the towel just yet?
If they were to do so then a lot of potential upside would be left on the table.

Jam today or even more jam tomorrow?
Latter would make sense if OXY were operating things perhaps, coupled with more farm downs or some block sales here and there?

Who knows - hence the strategic review assuming thats not a ruse.

[adam] 24/7/2019 12:05

Only a recommended bid would succeed. It won’t be 20p.

[al101uk] 24/7/2019 12:02

rossannan - over 12K posts since 2003, posted here on occasion over the years, along with many other companies.

ashkv - Appeared here briefly in April, limited posts and only really on Ophir, posts the same information repeatedly and in caps.

If I were to chose one of these people to filter, I'm thinking it would be an easy choice.

rossannan, what on earth possessed you to post on LSE?

[xxnjr] 24/7/2019 11:53

Whatever M&P offer, if they do, feel it will have to be 100% cash.
Doubt if many here will want to be left holding minority paper, in a state controlled entity, where that entity has past form; e.g.



Suharto and his clan also used services firms to siphon cash from larger companies. The most famous example concerns Pertamina, the state oil company. According to a 1999 exposé in Time Asia, Pertamina was forced to import and export its oil through two Suharto-family trading companies, which charged up to 35 cents a barrel for the service. Other Suharto-related companies enjoyed favorable contracts to provide the oil monopoly with everything from cafeteria food to insurance. When Pertamina’s books were finally audited in July 1999, it was estimated that at least $6.1 billion had been stolen in this manner.

[bigwavedave] 24/7/2019 11:48

We don't know how many interested parties there are. The Ev Standard names are probably just plucked out of the air as possibles. No-one has declared apart from M&P. AMER would not name names in breach of confidentiality agreements.
For me, there is only one serious contender: OXY. They have the strategic interest, especially in the OBA, and a war chest big enough to launch a takeover without breaking into a sweat. My guess (hope?) is that they will sit back until the time is right and will make an offer to trump all the rest.

PS. As Val used to say: GC was an expert poker player. Let's see if he still has the knack.

[xxnjr] 24/7/2019 11:43

Hargreave Hale have added 1m.
almost 92m shares now.

[fatgreek] 24/7/2019 11:43

Here, here...

[xxnjr] 24/7/2019 11:38

ashkv if you really must, you can trawl through here


doubt if anyone else is bothered!

[eddie_yates] 24/7/2019 11:34

Ashkv
Pot and kettle springs to mind!!!

[xxnjr] 24/7/2019 11:34

Don't exactly know for sure, but reckon the process will go on for quite a bit of time, much longer that most think, and may well outlive time to Indico-2 result. Maybe thats the whole point of the exercise?

[ashkv] 24/7/2019 11:31

Quick Q - has anyone else other than past few days observed this character Rosanan post on the ADVFN board?
He has been chased away from another leading board - as he appeared out of the blue and seems to be banging on about 25p without any substance or valid reasoning taking into account Amerisur assets.

Seldom posts and that too on penny shares - and all of a sudden he is all over Amerisur discussions on various media.

Very very odd to me - why would a holder harp on about his max being 25p. Btw 25p is the last capital raise for Amerisur in 2016 when Brent at multi-decade lows - WOULD BE AN ADMISSION OF ABJECT FAILURE ON MANAGEMENT's PART SHOULD THEY ACCEPT SUCH A LOW BALL OFFER - A REAL LET DOWN FOR THE 2016 INVESTORS.

Getting back to original purpose of posting - I would take whatever this character Rosanan states with a grain of salt as he does appear to have an ulterior agenda of anchoring top price at 25p. Might be conspiracy theory like on my part - but where money is involved nothing is out of the question....

[xxnjr] 24/7/2019 11:23

On Killik's amended 10:43hrs rns the vacuum cleaner has been emptied. Odd!
Have corrected section 1(c) although that seems unwarranted.

[astorcourt] 24/7/2019 11:20

The indo's were plotting while GC was watching the cricket.