Amerisur Resources Share Discussion Threads

[meneither2] 07/8/2019 08:50

Ros I'm not sure why you feel the need to prove that you will sell your shares for less than Lucy or anyone else?

[kaos3] 07/8/2019 08:27

where there is smoke - there is fire. usually.

it would be very helpful in this situation for us all to dig out the source of the rumors as it can have very material impact on the developments - to our benefit.

[tyler durden1] 07/8/2019 08:26

How many times its 34p

macro headwinds = orchestrated effort to pretend there is an oil glut to reduce price of oil bolstered by 4,000,000bbls a day of shale costing $80 sold for $50

The problem is an oil shortage. Otherwise do you think they would be producing shale oil, tar sands, sour oil?

[enkeltje28] 07/8/2019 02:31

Since I have been involved here, since the Chaco days, I have always assumed that Michinoko was the non-beneficial, discretionary family trust of GC. I cannot remember why I have assumed this but someone must have told me many years ago.

[fsawatcher] 06/8/2019 20:48

majestic piles need a collar

coller round piles is majestic

linked innit

corkin

it aint wot you does it the ways that yous do it

it aint wot yous dos its who yois knoes innit

[tyler durden1] 06/8/2019 17:58

So who would JW back?

If its a private equity bunch they would need him?

If his daughter does work for Mr C that creates a potential problem

[kaos3] 06/8/2019 17:05

GC is not alone - many are participating and agreeing - for the time being. who is their legal counsel btw?

[kaos3] 06/8/2019 16:59

is there anything that can be done regarding the formal selling process - data room, decision criteria, plan B, swift management reporting of the stages, invitations issued, presentations (so we can check ...)?

I have been in several LSE TO processes as most on here and know what is professional and what is smog.

if there is nothing that can be done - no point in not enjoying the rape

[ladeside] 06/8/2019 16:42

Many of us probably rated GC on Aim terms, in as much that he wasn't a blatant crook, fraudster or career criminal like many of the CEO's / bod's.

That said, that's more of an indictment on our financial markets and governance as a vote of confidence in GC...........

[charlieeee] 06/8/2019 16:38

In which case the disclosure would just be in box 1a as with all the other 8.3s.

This 8.3 is different in that it discloses entity and controlling interest.

On the other 8.3s the funds clearly have investors, but none of them have a controlling interest to be declared.

Occam's razor (and my last post on the subject)

[davwal] 06/8/2019 16:07

sji - maybe Chartists of the future will refer to a Clarke’ s Slope...

[big7ime] 06/8/2019 16:03

Coller could just be Michinokos inv mgr as trustee (noted in the 8.3 as controller or owner)
He is a P/E fundmgr after all

[charlieeee] 06/8/2019 15:56

Why curious Lucy?

The Amer/Michinoko relationship goes back a long way and it is perfectly possible that John Wardle would have facilitated such a career opportunity for his vegetarian daughter (if it is his daughter: she is from Yorkshire and a linguist) with his vegetarian mate.

He added 3% to his position in April 2017, which was at the time of Mariposa, of course and that would have been a good move at the time, had ONGC been less slothful. No wonder NH was winging about them to somebody: their performance has been appalling, compared with Parex, Geopark and even Gran Tierra.

We still do not know if he is friend or foe: JW and GC may be regarded differently.

[yasrub] 06/8/2019 15:50

Michinoko hold 5% of HNT - Huntsworth

[moneylender] 06/8/2019 15:42

Anyone found the link between Michinoku and Majestic Wines or The Petstore?

[sji] 06/8/2019 15:39

davwal - and yet, most of the posters here continue to justify his actions, always trying to defend his bad management and trying to justify whatever goes wrong.

At least, today, the OBA is back at 4,509 bopd .... at long last!

[davwal] 06/8/2019 15:32

If you think you would like to buy a used car from Mr Clarke, you can. He is chairman of The Barkby Group which owns a string of gastro-pubs around the Cotswolds but the group also owns Centurian Motors which flogs high-end jam jars. And yes, Michinoko is a major share holder... The share price of the company, which used to trade as Sovereign Mines, seems to have halved since an acquisition placing last year - GC has that Midas touch....

[al101uk] 06/8/2019 15:29

Would you also make an open offer to any interested parties and offer to sell assets separately if that meant realizing a better price?

[kaos3] 06/8/2019 15:11

If I wanted to sell to myself or related I would:

set different poison pills
be slow with success
make as much of expenses as possible prior to MBO
withhold some info
keep lots of cash
would walk share price down
would make the selling process arbitrary and not transparent
would seek support of some large shareholders with a promise of PIK

AMER ticks none of the above

[lucyp00p] 06/8/2019 15:01

Don't be fooled. If he was any good at his job - and it looks like he is, he would have offloaded this position years ago. Curious to see his company employs Rosie Wardle tho.

[charlieeee] 06/8/2019 14:41

The form is specifically aimed at disclosing the shareholder(s)who control by right of a majority holding. It is odd that this has not been previously disclosed, but then, so was the rumor at AGM time, from a previously silent shareholder.

It is important for investors here to at least consider the possibility that this disclosure is correct and that we potentially have a significant P/E chap sitting in our midst, already holding 11.08%. He is said to be ethical and there is some evidence of that out there.

Trying to fit the jigsaw together, I do think that it was important that the BOD came out so quickly to unequivocally reject that first offer, coupled with the strategic review and breakup of the company: it plays for time and gives us some comfort re the eventual outcome.

News of Indico 2 would be very welcome.

[quidnunc] 06/8/2019 13:51

No it says "Owner or controller of interests" JC could be a director of the company controlling those shares without owning any of them.Q

[charlieeee] 06/8/2019 13:29

The declaration on the 8.3 clearly discloses the beneficial owner as Jeremy Coller.

Certainly not GC's lacky: quite the reverse as he makes GC look like the little fish in the city pond.

Why keep on with some bizarre myth, when we finally know who it is, a prominent city figure, with access to billions?

Certainly, Coller would have been in a position to set the pre AGM rumor coursing.

Equally his firm may be behind the P/E rumors: they have been raising money earlier in this year.

No need to follow any trail. Just look at the disclosure on the 8.3 and google the man.