Amerisur Resources Share Discussion Threads

[sabre6] 03/8/2019 16:23

There will only be two companies under GC control once Amer and iron sold Kzg and barc wonder where he will put his wings Kzg springs to mind.Only a guess

[xxnjr] 03/8/2019 15:17

'Major' moves since FSP announced.

Chelverton have sold 1.42m
Grandeur Peak have sold 4m
Hargreave Hale added 3.76m
Killik have added 1.09m
L&G have sold 3.86m

Just my Nos. DYOR!

[quidnunc] 03/8/2019 14:14

Sorry Sub-Rosa

[ashkv] 03/8/2019 14:09

sji - seems to be taking the baton from Rosanan and a few other psuedo investors who are actually trolls/paid to lower expectations.

THE SIMPLE REASON THE BOARD CANNOT ACCEPT 25P IS THAT THEY WILL ADMITTING FAILURE IN THEIR RUNNING OF THE FIRM IF THEY DO -THEY WENT TO THE MARKET WHEN BRENT WAS AT MULTI-DECADE LOWS IN 2016 & HAD A SECONDARY RAISE AT 25P... nothing more to say!!!


12p was momentary aberration based on low volume / likely manipulation by M&P and its allies....

There is no way it is headed back to 12p - now that an offer has been tabled. I strongly suspect a final sale price north of 30p. Heck we were at 20p in Jan when Brent was much lower - and prior to Sol 1 results & Put 8 farmout, OBA 3rd party agreement, 2500bpd less production (Plat workovers + sol production).


Trading is light at the moment - and that is keeping price down. If any investor wishes to seriously add - I suspect Amer will be 20p in no time :) Therefore no big moves per RNS other than 1 mil shares here or there :)

SJ1 (Supertroll appearing to be advocating as an investor) "Some posters on this BB suggest that if we do not get 35p+ (which might after all be what we are actually worth), our BOD should walk away. If that happens, I am afraid that we will be back to less than 12p in no time!"

WHERE THERE IS MONEY INVOLVED THERE IS OFTEN FILTH / CONSPIRATORS!!!!!

[foiledagain] 03/8/2019 12:08

Sj1. You do have a remarkable resemblance to the poster responsible investor, who before that posted in another form, trying to oust the board?

Personally I wouldn't give a damn if we rejected 35p, as when shale fails as it inevitably will, there will be a massive shortfall in oil produced over oil used, and Amerisur's assets will be worth much more.

[rollthedice] 03/8/2019 12:03

Aren't we all? Whatever price is paid, if an acceptable bid is made at all, it's sure to disappoint. 30s appear to be the positive end of the guesstimates on this bb.

[dayway123] 03/8/2019 11:44

Sji. Quite simply, you are unqualified to value this company.

[sji] 03/8/2019 11:33

dayway123 - I cannot understand why you call someone whose opinion is that AMER is likely to be bought for 25p boring whilst you seem to agree with those who for the last decade (including the current BOD!) have been saying that we are worth maybe 50p, 60p, £1+ and even more. The first time I have said that AMER is likely to be take out for 25p is this week or maybe last week and you are already bored! Maybe I will let you live in dreamland and tell you, hold on and you will eventually get your £1+ within the next 3 years! Can I then ask you why we didn't get there yet? And don't come with the RH selling because going by what certain posters on this board say, his holding seems never to end! Instead of looking at the mirror and say that we are where we are because our board has failed to deliver on their fantastic predictions time and time again, you always try to justify their under-performance.

Our board has been telling us all that we have assets like no other in Columbia and that they have increased our assets' value by an extraordinary amount ($367.5m according to their last report in May)! They have been saying this for a very long time but no one took the bait yet and our share price languished at 12p before M&P moved on us to take us over. Now is the time for our Board to prove themselves and I wish that they succeed so that I make more profits than at my 25p. However, given the amount of options they have granted themselves, at 25p they are too showing a lot of profit unlike several long term holders!

[dayway123] 03/8/2019 11:05

Sji we have had a cheeky offer at a vulnerable time whilst the share price had been run down. You cannot base your assumptions as to the value of this company solely based on that. You really shouldn’t be trying to set the tone as how much the company may be sold for either, you are doing an injustice to yourself and the many holders in amerisur. You of course are entitled to your opinion but hearing it day after day is somewhat boring.
If you’re in profit my advice to you is to take it and run, because if we end up at 12p again as you suggest, you’ll be kicking yourself, as you don’t appear to have the patience or strength to hold.

[lucyp00p] 03/8/2019 11:03

This can all be resolved without further ado. At the AGM, JW told the assembled that he had a piece of paper in his pocket with the lowest acceptable bid price on it. If it truly does represent the bottom line, post it on the web site and see what happens.

[acv74] 03/8/2019 10:53

I still don't have a clue if we will be sold for 25p, 40p, 60p or £1.However in a couple or 3 years if we go it alone I do think we could be £1+ with some good finds in our partnership with Oxy (they haven't spent US100m for nothing) plus CPO-5.To walk away now, 25p or even 30p doesn't cut it for me.Keeping the operatorship of the blocks with Oxy has proved to be a master stroke as it will appeal to a buyer, GC and JW know what they're doing. They've done some incredible business deals over the past few years, I'm pretty sure they're not going to sell for a poxy 25p.

[sji] 03/8/2019 10:19

FoiledAgain - It appears that my comment that the big boys appear to agree with me did not go well with you and some others. Maybe, I expressed myself in the wrong way. My comment was not intended to mean that I know something more than all of you. Far from it. I made that comment on what I currently observe.

Two weeks ago (on Friday), AMER said that it received a takeover approach WITHOUT indicating the price. On that day, the share price of AMER rocketed by around 40%, from around 12p to the mid-17p. There it stopped going up and stayed there. The following Monday, it was announced that M&P had proposed a takeover of AMER at a price, guess what, 17p!!!! How did the big boys know the price in advance? None of us small investors knew it, right? But it appears that they knew too well in advance and adjusted their positions accordingly!

M&P said that they already tested the ground with some institutional investors about their bid. So, presumably, M&P already know at what price the big boys will sell out. Consequently, the big boys will again adjust their positions accordingly. I am sure that if the big boys asked for anything over 35p (as several on this board are suggesting), M&P would have walked away. The fact that M&P agreed to enter discussions with AMER for an eventual agreed bid might indicate that the demands of institutional investors are not that far away from what M&P might be ready to put on the table!

There is always the possibility that a third party might join the bidding. However, since the bidding started at such a low price (17p), the potential for 35p+ is low in my opinion.

Some posters on this BB suggest that if we do not get 35p+ (which might after all be what we are actually worth), our BOD should walk away. If that happens, I am afraid that we will be back to less than 12p in no time!

[lucyp00p] 03/8/2019 10:07

If you think "stupid" is a noun rather than an adjective, my work here is done.

[davwal] 03/8/2019 10:05

It would be really interesting to know the criteria by which Amer and its advisors intend to manage and progress the formal sales process. Presumably there must be a framework for interested parties to abide by, with reasonable time limits set for each stage in order that a conclusion can be reached without unnecessary delay.

[foiledagain] 03/8/2019 09:24

SJ1: " I really doubt at this stage and the big boys appear to agree with me."

What a load of old cobblers!

At this time when a company has received approaches, it is not unknown for bulletin boards to be frequented by some who have a job to do rather than those who are just investors.

As the Big Boys have not commented, they appear to agree with me?

I suspect Amerisur is also being targeted by some of these big players, as its much cheaper to buy up prospects than try to find new ones, especially where the company is cashflow positive.

How many shale companies are cashflow positive?

[kipper62] 03/8/2019 09:21

The bulk of my multiple buys were around the 7/8 years ago around 40-55p when AMER was being touted as a decent and progressive company by all the pundits. We LTH's are being chewed up and spat out by market expectations and mangement now.

[xxnjr] 03/8/2019 00:30

Good post Q. Equally important is the potential size of the prize. And the timeline and complexity of the likely development to reach meaningful output relative to the discovered resource. Our most easterly block Tacacho appears to be absolutely on trend, and to the north of Ecuadors massive Ishpingo-Tiputini-Tambococha(ITT) complex with 2P reserves of 920 mmbo. Here's the complex stuff. ITT is a highly viscous crude with API of 14 degrees, apparently with a water cut of 90%. Imagine the plumbing for the planned plateau production of 160K bopd and resultant 1.44 Million bbls water per day. Apart from that, initial plans envisaged constructing a 320MW power station for energy supply to the project, and it's Oil Upgrading facilities where API rating of heavy oil would be upgraded, prior to being shipped through a new build pipeline to connect with SOTE. All this in the middle of a national park, hundreds of kilometres from anywhere in dense jungle. At one time, Western Governments proposed paying Ecuador billions of dollars to keep the oil in the ground, rather than harm a pristine environment. Eventually Sinopec (i think) took it on. Have no idea whether it's up and running in volume as yet. A big prize has attracted OXY to farm in to our eastern blocks. It will probably require someone equally large, possibly Chinese to join them.

[quidnunc] 02/8/2019 22:18

With all its faults it's just about the only game in town for getting oil directly to the Pacific coast and the Indian and Chinese markets.Amer are involved in upgrading and improving parts of it and there is the possibility of a second Oba down the line.The value put on the Oba reflects the difference between the costs of that and the alternative costs of trucking the stuff out.I suggest you go back a few years on this thread and the previous no-rampers thread and look at some of the posts relating to it, as well as some of the earlier presentations by the company.Which is why interest in a purchase could possibly be coming from both Indian and Chinese companies.There's a lot more to play for here than just the black stuff Q

[dayway123] 02/8/2019 22:05

We can only begin to speculate what Amer is worth. The company’s share price has been slowly walked down on RH selling and investors had lost confidence, we have seen this over the months before the bid in the lack of volume and 12p wasn’t a true reflection of value. It is also apparent that 17p being rejected isn’t either. Also to base an assumption of company value in this instance that a bid of twice that of the current share price is not achievable is also presumptuous. We are trading in a much more stable environment, who’s exploration blocks are highly sought after. So please let GC do his work as he is in a much better position to establish company value than you or I.