Amerisur Resources Share Discussion Threads

[kirk2] 21/8/2019 10:22

SECOND WAVE WILL TAKE THIS BEYOND 21P OM RUMOUR, FLOOR IN AT 17P, NO BRAINER.

[philjeans] 21/8/2019 10:19

Bubbling along nicely now.

20p coming this time for sure

[bountyhunter] 21/8/2019 10:15

yes could be news soon?

[kirk2] 21/8/2019 10:15

ABOUT TO BLOW BACK TO 19P

[bountyhunter] 21/8/2019 10:14

Ladeside, how did the Ironveld situation end, I'm not familiar with it?

[kirk2] 21/8/2019 10:14

NEWS COMMING

[bountyhunter] 21/8/2019 10:10

nice move up

[lucyp00p] 21/8/2019 09:24

I mean imagine JW sitting there watching his massive pile of share options dissolve year after year as the share price flounders. Why wait 2 years to make a few million from Amerisur, when the same outcome arises immediately a takeover happens, plus the fantastic return on his current portfolio means he can escape from planet work for ever.

[lucyp00p] 21/8/2019 09:19

Share options perhaps?

[ladeside] 21/8/2019 09:10

As Quid has just mentioned, that's the angle I was wanting explored as regards to GC & JW wanting "out" as it were.

The timing of the Amer bid and asset sale RNS were remarkably similar to the Ironveld situation and for me that has to be more than a coincidence.

Amer is currently in a transitional phase but also an exciting phase with continued exploration and the tie up with Oxy, hardly a time for one to put the for sale sign up, especially when the company is so undervalued from a basic share price perspective.

We have the pipeline, we have our cash cow of plat continuing to produce and we have our other blocks to explore, so hardly the time to want out especially operating in a relatively safe haven in comparison to the middle east and the ongoing / escalating issues over there.

As I say, there MUST be more to this than meets the eye.........

[quidnunc] 21/8/2019 08:47

I'm wondering whether the original bid was because it became widely known that others of GCs and JWs companies were under the cosh? A serious bid or just testing for weakness? I find it hard to believe that the two of them would build it up like they have only to put it in the market in such uncertain timesQ

[moneylender] 21/8/2019 08:36

My filter bin is getting bigger

[jonnib77] 21/8/2019 07:19

Lol. No offence but your posts whilst informative always have hints of an agenda. Only my opinion... anyway I'm off to work. Good luck everyone ?

[sji] 21/8/2019 07:15

jonnib77 - afraid to face reality, I guess!

[jonnib77] 21/8/2019 07:13

Love the last line.... always finish with a seed of doubt.

[sji] 21/8/2019 04:59

rich2006 - I see that you completely forgot to answer my question. So, here it is again. Our experienced, long-standing directors (14 years?) have decided that to maximise shareholders' value, THEY (without having any obligation to do so) invite bids from anyone to sell part or all of our assets. Obviously, they have decided that this is the best time to cash their/our chips BEFORE going through with the imminent (1-2 years) drilling campaign because they BELIEVE they can get us an excellent deal.

Can you please explain to me their action and why you wish them to fail in this because YOU think that THEY can get us to a much better share price within the next few months when they didn't do it in the last 14 years despite all their promises?

On the other hand, what I really wish is something good for ALL of us. We get a bid for 25p or more very soon. I accept it and go elsewhere whereas you and other long-term shareholders over here reject the offer (and the offer fails) so that you can ride it for the next few years and reap all the benefits you're looking for. In this way, everyone is happy!

PS - You are completely wrong to think that our share price is underwritten at 17p. I have seen companies reject bids as being undervalued and saw their share price linger much lower than the prospective offer for months/years afterwards. It may stay in the vicinity during the FSP but once this process is over, unless a fixed offer materializes ....

[rich2006] 20/8/2019 23:43

Who is being naive, the share price has been underwritten at 17p since the declined offer.
Day traders are buying and selling at 17/19p anybody who can read rns’s Can see that

[treasure] 20/8/2019 21:12

sji - in the rns of 19th July it states after interest from other industry participants...etc etc. You seemingly imply in your last post that the BOD instigated the sales process but that happened because of the above....the bod didn't just suddenly decide to do that. I have read numerous posts from yourself and in each one you always seem to plant the seed of dought. What is the purpose of this posting behaviour. And also why do you suggest that they have stopped their explorations operations. From what I can see things have progressed as projected in previous rns's. Thanks in advance

[sji] 20/8/2019 19:04

Sharesure4 /rich2006 - both of you seem willing to ride it out for the next couple of years to get the greatest potential of AMER. If after waiting for so many long years for the holy grail we are now so close, why did our experienced BOD decide to invite bids if they know that within a relatively short time, AMER's success will be so much to dictate a much higher bid than the current share price? They have been here for over 10 years, what's another year or two if our share price will explode by then? Couldn't they just rebuff M&P's ridiculous offer and continue with their exploration operation? They know better than anyone else what our assets offer and yet, they decide to sell them when the beginning of important exploration activity is just around the corner!

[rich2006] 20/8/2019 18:47

Peeps are entitled to their own view. Here’s mine fwiw

The bloody farmout to OXY is just starting to kick in, the work program was always planned to 2nd half of the year heavy. Some big drills should be happening over the next 6-9 months and could be company changing.
Cpo5 indico 2 result maximum 3 month wait.

Patience really is a virtue.
If and it’s a big if, 25p is offered and turned down, then the market will give you your 25p anyway.

IMO 25p would be a steal, CPO 5 could be worth nearly 10p per share on its own
£1.01 by xmas :)

[bountyhunter] 20/8/2019 18:36

The chance would be a fine thing!

[dayway123] 20/8/2019 18:13

Sji. I think you should sell at 22p Nothing would give me greater pleasure than to see you riding into the sunset with a smile on your face and your saddle bag half empty. I sincerely hope in future you make a better choice of investment than you have here and spare the bb readers of the day.

[sharesure4] 20/8/2019 17:41

That seems daft. Far better that the Board take their time and also potentially increase the value of the company through further/any drilling results. A bigger concern would be if one of their drilling partners could wriggle out of any timetable commitments to drill - just hope that GC and his co-directors managed to sign up to an agreement that sticks plus has built in penalties for non-performance. So far this year I can’t say I have noticed much drilling activity, nor many of the previous years for that matter. We always seem to have a 14 we’ll drill programme forecast for the year ahead, but what follows doesn’t appear to be anything like it.

[sji] 20/8/2019 17:09

The longer the wait, the lower will be the bid price. A month has passed since announcing the FSP and during this time, it can be felt that shareholders' morale is diminishing by the hour. There are still those few that are ready to wait for several more years to see a return on their AMER investment but I feel that most of the shareholders, most recent shareholders and quite a few of the old one's too, that are now beginning to get bored waiting for tomorrow's jam. For heaven's sake, AMER has been promising jam tomorrow since eternity!

I have been here for just a year and for me, unlike for many long-termers, getting anything close to 25p is a good return, especially when the share price was still c. 19p (two weeks ago). Since then however, the share price seems to have started to drift again (as per usual AMER's way!) even though we are still negotiating the sale of our assets! That makes me nervous since I do not want to get back to 12p and wait for another year just to get where we are now. Whilst I was sure to get my 25p offer a couple of weeks ago, now I am doubting that too! What if they offer me just 22p, would I refuse it? I really don't know right now.

I am sure that I am not alone with this sentiment and hope that our BOD get us something positive VERY soon, at least to boost our morale. Otherwise, they play in the bidders' hands since the longer it takes to get an offer, the more nervous shareholders will get and the lower their price target gets!

As always, I am only expressing my opinion and sentiment as of today!