Amerisur Resources Share Discussion Threads

[lucyp00p] 14/10/2019 11:15

38p is not a guess. It's based on a formula which does not include any buyers premium. Anyone can make a guess.

[d1nga] 14/10/2019 11:04

32p is my guesstimate

[lucyp00p] 14/10/2019 11:03

19p.......half way to target.

[pauliewonder] 14/10/2019 10:57

Thanks TD1

[tyler durden1] 14/10/2019 10:52

pauli

Amerisur don't need to outline what would happen, Stock Exchange rules provide the answer to that.

In the event of ANY formal bid, shareholders are informed.

Even if the original interested party had put a formal bid of 17p in shareholders would have to be notified, and the BoD then can give their recommendation to shareholders, but it would not thwart a formal bid nor be an out of hand rejection. The original interested party did not as far as I'm aware make a formal bid.

[blackdown2] 14/10/2019 10:37

Exactly. Realisation that a deal is going to happen.

[pauliewonder] 14/10/2019 10:36

ACV - what makes you think it may take a few weeks?

Just looking at the RNS it states "The Company has issued revised bidding instructions to interested parties, inviting firm proposals to acquire the entire issued and to be issued share capital of the Company (the "Bidding Instructions")". It doesnt state when this happened and in theory could have happened a while ago as the purpose of the RNS was to update investors.

Also, I would suggest that firms have had a while now to determine what they consider to be fair value.

What Im not clear on, and I dont think AMER has outlined, is whether in the event of multiple bids, we would only see the final bid as recommended, or whether we would get an RNS each time there is a new higher bid.

[acv74] 14/10/2019 10:16

I think the Friday news is just getting out there....I don't think this mornings rise is new news.The negotiations with multiple parties are going to take a few weeks yet.

[wskill] 14/10/2019 10:14

Unusual AMER is not a leaky ship but today it's looking like news is out .

[blackdown2] 14/10/2019 10:13

Read the 11/10 RNS and draw your own conclusions.

[pauliewonder] 14/10/2019 10:11

We're certainly looking strong this morning. May challenge new recent highs. Think we could hear anything about bids within the coming weeks including this week.

[notimpressed] 14/10/2019 10:01

lucy, wish not whoosh

[davwal] 14/10/2019 09:35

We might even see the bid at close as high as 18.298375312...

[lucyp00p] 14/10/2019 09:22

Monday whoosh

[notimpressed] 14/10/2019 09:06

building up a head of steam, soon be 50p(I wish)

[tommygriff] 14/10/2019 09:00

Do you have a link to the article, thanks

[acv74] 14/10/2019 08:52

The twitter article suggested Tony Hayward had dropped out of the process.

[blackdown2] 14/10/2019 08:40

Maybe. However, existing operator likely to bid higher than a newcomer.

[tommygriff] 14/10/2019 08:27

Still think Tony Hayward could be in for a double deal! Amerisur away with Carlyle and Iron away with GlencoreHe used to live in Colombia

[lucyp00p] 14/10/2019 07:50

JW is not bidding

[tyler durden1] 14/10/2019 07:31

Ahh but what about the idea of JW bidding? Where did that come from?

That would bring about a very serious situation warranting investigation the like Amerisur has never seen.

It would initiate sorts of accusations, whether true or false. Others would point to the BoD seeming to do little for some time to staunch the massive fall in the share price that has taken place and if JW or any director were to be in some way involved it would be little different to an MBO. Expect a shi&storm of trouble if that occurred

[charlieeee] 13/10/2019 21:59

The truth is, TD, that if the Bogota participants decide to act as a cartel, then the method of sale, either sealed bid or a series of bids over time, makes no difference. What will make any such cartel difficult is "the dark horse" concept: the London based chancers.

In some ways, because it is a whole company sale, JW/advisors have invited multi party bids, with said parties left to sort out the sub division, as they choose: by far the best way of proceeding, as far as we are concerned, for all sorts of reasons such as taxation and approvals etc.

The reason that I referred to some kind of sealed bid process, is that it is a mechanism for extracting the "best and final" and stops the ongoing drip of offers, where multiple parties are interested: it is commonly used for this kind of purpose and usually the terms preclude making any further offer, to concentrate minds and keep the process on track.

I just don't think that it is likely, when everyone has had every opportunity to go through the friendly bid process, that someone realistically goes on the offensive with a hostile bid at a higher price, but if they do, it would clearly have to be substantially better to attract sufficient shareholders away from the certainty of the friendly bid.

No complaints from me, if that is the sequel and it results in a further short delay and oodles of extra dosh!

GLA

[lucyp00p] 13/10/2019 20:59

That's not what Charleee was referring to. The "price of paper" in JW's pocket is not his own bid, but the minimum price he would accept for any successful bid. He referred to it at the AGM.I strongly suspect that not even the mighty Tracarta can outbid the parties here.

[tyler durden1] 13/10/2019 20:43

in this instance a sealed bid might be the worst of all worlds for shareholders.

Highly likely that for example ONGC and Oxy are liaising, and a sealed bid means nothing if the parties involved have already agreed to bid x and then share the spoils afterwards.

Better for them to hold an auction in the room, with Giles then able to hold leverage of them not reaching the reserve price.

JW? So what do you know Charlie that we don't. Who has mentioned JW bidding?

If he did, then the whole process would be a farce, and no different to an orchestrated MBO, which would bring the ceiling down on them, as well as a major investigation by the usually toothless FCA.