Amerisur Resources Share Discussion Threads

[rollthedice] 06/12/2019 16:48

Tyler I don't have to, I've not claimed they are voting one way or the other although I'd respectfully suggest most will follow BoD's recommendation when offer is at a premium based on past experience. It also doesn't follow that all IIs prepared to vote 'yes' would have tied themselves with irrevocable undertakings preventing them from voting for a higher bid.

Some of those who are voting 'No' have suggested IIs will follow suit because they must also feel that the offer is derisory & management change is needed. I've yet to see any IIs state they are unhappy with the offer though, have you?

I'd have been happy with a higher cash & Geopark (or other listed bidder) shares too!

[thegreatgeraldo] 06/12/2019 16:47

acv74
6 Dec '19 - 16:25 - 25444 of 25445
0 1 0
With respect, what utter tosh. So you wouldn’t have wanted shares in Geopark or Oxy

..I'd have happily taken a chunk in GPRK stock, but they're a bit precious with their paper....Geo & Park have decent skin in the game

[tyler durden1] 06/12/2019 16:40

rollthedice. Can you show any of the outstanding II's that have stated they are voting yes?

If they were, then its more likely that in the RNS it would have counted their shares in any calculation, and with irrevocable undertakings if they wanted it to go through.

[broncowarrior] 06/12/2019 15:39

People need to remember this is a full cash bid. Might have got a higher bid but would have been left with cash plus shares in some company in Brazil or something similar. I'm voting in favour, taking a very small loss and riding off into the sunset.

[rollthedice] 06/12/2019 15:39

AIM companies have been a cesspit of crooks & overpaid incompetents for years. AMER selling itself for less than we want is pretty mild compared to the lies & outright theft I've (& I'm sure you've) seen by directors on AIM over the years.

Most AIM companies fail once they've spent every mug's money they could find or their assets/ideas are found to be useless, relatively speaking. A minority hit the big time. II funds who invest in AIM are by their very nature high risk so will not flog a dead horse when a cash offer at a premium is on the table, but take it and move on.

[wskill] 06/12/2019 15:11

Will the institutions be happy to allow this sort of behaviour with their money I would think not it would send a signal to the other crooks on AIM this is acceptable behaviour.

[lucyp00p] 06/12/2019 15:03

We shall see

[kinwah] 06/12/2019 14:31

Lucypoop, I understand your viewpoint. I can't think anyone is happy with the derisory level of the bid. The 75% is 75% of the shares voted not 75% of the shares in issue so it isn't necessarily a high bar. IIs probably will be happy to be shot of this disappointing investment and will move on. I can't believe AMER represents more than a small fraction of a percent of many II portfolios so it won't make or break their performance.

[rollthedice] 06/12/2019 14:04

Tyler do you honestly believe that AMER wouldn't have sounded out all their major holders, or at least those who can vote the shares held? There is no evidence to suggest any are planning to vote against bid or indeed that they wouldn't consider competing bids if any were made (hence no irrevocable undertaking) to my knowledge.

If you know different tell the BB which IIs have said they will be voting against the bid in addition to the c100m shares of PIs who claim they will voting 'No'.

[tyler durden1] 06/12/2019 13:56

Only those with vested interest. There has been no indication some of the other institutions are voting yes and if they were they probably would have joined with irrevocable undertakings

[rollthedice] 06/12/2019 12:17

Lucyp00p ~ if the IIs come out in force against the deal it's a whole different scenario as that could result in a change of management but so far the only IIs who have nailed their colours to the mast have done so irrevocably in favour of Geopark.

[kinwah] 06/12/2019 10:43

I think the chances of a counterbid will fall away after Monday. The deadline for ii for example for vote submissions is next Friday so unless the board were to react favourably to a new bid approach, time starts to run out quite quickly next week for any holders to withdraw their yes votes. Trading in AMER also seems to be drying up with only 1 million shares traded so far today. The larger holders will probably mostly vote yes to the deal but possibly many more shareholders by number will vote against but I'd expect the deal still to go through even though the result could be close.

[rollthedice] 06/12/2019 10:36

The only hysteria over Brexit are from those who don't like the fact that they lost. There's more to life than just money and that's all the remainers had to peddle and even those arguments were exaggerated or haven't come to pass. People did not vote against the status quo & for the likelihood of at least short term economic disruption unless they strongly believed that it's for the best.

Holders should vote how they wish, I just don't get why you'd vote for continued failure, a depressed share price and for the same BoD responsible for both that & this 'sellout'. Those voting 'No' have yet to explain how rejecting a cash offer 50%+ higher than the pre-bid price will change this company from being a habitual underperformer.

[al101uk] 06/12/2019 10:18

I agree about Brexit, I disagree with the parallel drawn.

[tyler durden1] 06/12/2019 09:53

you don't think there's been hysteria over Brexit?

I beg to differ but good luck whatever way people vote on that and Amerisur

[al101uk] 06/12/2019 09:02

tyler (re post 25427),

There are only about three people on here who intend to vote "yes" and the motivations are far from Board friendly.

You might want to read your post again and then revisit your "hysteria" comment.

[charlieeee] 06/12/2019 08:51

Bletchley Park

Extract from the RNS below:

Blue proxy form for the Court Meeting and White proxy form for the General Meeting

If you are still unclear

"If Amerisur Shareholders have any questions about the Scheme Document, the Court Meeting or the Amerisur General Meeting, please contact Amerisur's registrars, Link Asset Services on 0371 664 0321."

"Event Time/date(1)
Latest time for lodging Forms 11.00 a.m. on 17 December 2019(2)
of Proxy for the Court Meeting
(Blue Proxy Form), making an
electronic appointment of a proxy
or submitting proxy instructions
in respect of the Court Meeting
via the CREST Proxy Voting Service
Latest time for lodging Forms 11.15 a.m. on 17 December 2019(3)
of Proxy for the Amerisur General
Meeting (White Proxy Form), making
an electronic appointment of
a proxy or submitting proxy instructions
in respect of the Amerisur General
Meeting via the CREST Proxy Voting
Service
Voting Record Time for the Court 6.30 p.m. on 17 December 2019(4)
Meeting and Amerisur General
Meeting
Court Meeting 11.00 a.m. on 19 December 2019
Amerisur General Meeting 11.15 a.m. on 19 December 2019"

[bletchleypark] 06/12/2019 08:12

Thanks for all assistance here

Voted NO at AJ Bell. Easy now its shown as corporate action.

There is only one resolution to vote on according to AJ Bell, No vote which can't be used as a proxy. Vote for, or vote against but the vote is only for the Court Hearing. Presumably if there are enough in favour its then voted at the AGM, but how do express a vote then?

[tyler durden1] 06/12/2019 08:05

My vote No in now.

Suspect that we will get the NO voters subjected to the same sort of hysteria accompanying Brexit. So I voted NO to get out of the Amerixit Geopark steal.

Anyone remember the hysteria over the Millennium Bug. BILLIONS spentfor absolutely nothing, yet all the predictions of doom and gloom.

Same with the vote NO scenario in my opinion, and expect new or non usual posters to appear about voting YES along with those who have always sided with BoD, and draw your own conclusion

[sharesure4] 05/12/2019 21:16

My ‘no’ vote, along with those of connected family shareholding’s, has been instructed. Although I may attend the two meetings later in the month I don’t think the Board could tell me anything that would convince me that this is anything other than a stitch-up. They have no credibility as far as I am concerned.

[3roach] 05/12/2019 19:44

Years ago I might have believed it, here's hoping though!

[tyler durden1] 05/12/2019 19:00

We know he was pushed into the procedure so you might just be in the button

[stmellons28] 05/12/2019 18:30

The clock is ticking yet still No counter bids ? They told us don’t sell our share’s ? We buy another block when we have agreed a sell price ? NH has said he won’t sell Amer for 19p after 13 years of hard work ? Offer Geo 2.4m if it doesn’t go through? This isn’t over yet for Amer, I can imagine GC saying I did tell you peasants Not to sell your shares as he pulls something out of the bag ? Wishful thinking or watch this space ? I’m Not selling something is happening in the background.