Amerisur Resources Share Discussion Threads

[tyler durden1] 02/10/2019 08:44

not good examples, as Aston Martin had a shareholder Investindustrial with over 30% of shares and where Aston Martin had fallen from £19 to £10 so if anything the market did know and divested shares. Peloton was an IPO.

[kaos3] 02/10/2019 08:40

20 years stat of premiums in the cash TOs in US being paid to the firs offer price

up to 30 % in big companies
up to 50 % small (under 100 mil)

of course it can be different

payment can be in all kinds of paper btw

[tyler durden1] 02/10/2019 08:35

not impressed

if the market thought the bid price was going to be 38p the shares would be kept low and the sells would be balanced by discreet buying transferring profits to the greedy as ever it was thus

[kaos3] 02/10/2019 08:27

how you dare lol

[notimpressed] 02/10/2019 08:18

if the market thought the bid price was 38p
the shares would be trading at 38p

[tyler durden1] 02/10/2019 07:54

Would not hold out hope for any successful CPO-5 drill if it goes ahead during FSP as it will not serve the ONGC well.

The delays demonstrate every effort to minimise potential and if drill goes ahead within FSP timespan I would not be surprised to see it 'miss' like the last one, just by accidentally being off target

[yasrub] 02/10/2019 07:53

Do we expect an RNS to confirm commencement of drilling at Indico-2?

[quidnunc] 02/10/2019 07:40

HmmI wonder, concerning item D, the effect of announcing drilling results (if positive) might have on the process and resulting price at that point. Just idly wonderingQ

[foiledagain] 02/10/2019 07:37

The guesses on takeover share price are still significantly below the potential for Amerisur...if the board ever get their fingers out and concentrate on the drilling rather than LTIP

[lucyp00p] 02/10/2019 00:23

Let's play what comes first.What comes first?A: BrexitB: Successful conclusion of Amerisur sale.C: Spurs keep a clean sheet.My guess is A

[notimpressed] 01/10/2019 20:04

the only takeover code the city follows is make as much dosh for
yourself as you can and screw everyone else. if you want a classic
example just look at the imic acquisition of afferro mining. the afferro board negotiated cash for their holdings, whilst everyone else receieved worthless loan notes.

[yasrub] 01/10/2019 19:55

I make OBA average for September to be 4439.

[kaos3] 01/10/2019 19:50

The main provisions of the City Code relating to the timing of takeover offers are:

A. an offer document must normally be sent to shareholders of the target company and persons with information rights within 28 days of the announcement of a firm intention to make it (Rule 24.1 of the City Code). However, the offeror may only publish an offer document within 14 days following the announcement of its firm intention to make an offer with the consent of target company.It should be remembered, as described at paragraph 1 above, that, unless on the application of the offeror and with the consent of the target company the Panel agrees to an extension, a potential offeror is subject to a 28 day “put up or shut up” deadline following the date of the announcement in which it is first identified to announce a firm intention to make an offer or announce that it does not intend to make an offer;

B. an offer must normally be open for acceptance for at least 21 days after it is sent (Rule 31.1 of the City Code);


C. the target company’s directors must normally advise shareholders of their views within 14 days after the offer document is sent (Rule 25.1 of the City Code);

D. any material new information to be published by the target must be published not later than 39 days after the offer document is sent (Rule 31.9 of the City Code);

+ data room
+ arranging finances
+ not considering more bidders (hostile)

[kaos3] 01/10/2019 19:49

time

will take some

[lucyp00p] 01/10/2019 19:44

So, how much money do their wives and girlfriends have / need? and if you haven't spotted their attempts to front run the process, perhaps they are doing it very well.

[quidnunc] 01/10/2019 18:06

The bidders have teams of people doing their DD and hire in consultants too where they might lack expertise. All of these people have wives and friends who talk and who'd appreciate a nod. & yet, nothing, zilchSo either they're all clued up and moral as can be or they don't exist because there's no action underway. Much as many would like a bidding war, I'm not seeing it in the tea leavesQ

[lucyp00p] 01/10/2019 17:46

Good grief!Once you have access to the data room, any transactions are, by definition, based on insider knowledge. What, seriously do you expect the bidders to do prior to the outcome of the process that would not jeopardize the outcome for themselves?

[tyler durden1] 01/10/2019 17:43

More likely they are managing the share price

Arden sold over a million then started buying.

It does not take much volume to move the share price or keep it at a set level

Just selling a few, then buying them back can do it.

[quidnunc] 01/10/2019 17:33

Looking at the daily bunch of 8.3s and 8.5s it's clear that nobody is acquiring or disposing of significant volumes so, none of those potentially doing the DD on an Amer bid are having a quiet punt on the side ....astonishing considering the opportunity Unless of course, they've walked away and the towels are up. I think a no deal review is now more likely than a no deal Brexit. Q

[tyler durden1] 01/10/2019 17:19

Derek Trotter. "this time next year Dodders we'll be millionaires"

[acv74] 01/10/2019 16:46

38p would be an ok result and a nice immediate cash Bunce but in 3 years it could have been 138p and life changing money.

[bigwavedave] 01/10/2019 16:18

Whatever "genuine" means. Yeah, and my name's Derek Trotter.

[kaos3] 01/10/2019 15:44

veni vidi vinci

yeah

my hat is off

[kaos3] 01/10/2019 15:39

stmellons profile created 13th of Sept, 4 postings only. all AMER

I wish you all the best.

A genuine new poster and not one of the old. Refreshing