Amerisur Resources Share Discussion Threads

[dayway123] 09/12/2019 08:43

Voted against this morning.

[napoleon 14th] 08/12/2019 16:16

aGREED, Stmellons287 Dec '19 - 15:17 - 25470

[3roach] 08/12/2019 08:03

Just voted no via The Share Centre, easier to do than I'd imagined.

[wskill] 08/12/2019 06:57

Makes sense to me why sell now will wait until the end voted against this offer for my small holding 300k not that it will make any difference .

[stmellons28] 07/12/2019 15:17

If we had 30 days to make a counter bid on a company would we bid in the first 3 weeks ?? I personally wouldn’t? I would let it run down hoping punters have sold most of their shares then with a few days left submit my offer ? They want us to sell ? We have waited long enough so why not wait till the death ? If you are worried about the vote sell up the day before? Can you imagine if a bid comes in late ? Been invested in Amer for years but sold up a week or so to go ? No chance

[al101uk] 07/12/2019 13:40

Lucy,

"So sell In the market and pick up after would be the logical idea then."

Yep, sold my first tranche last Thursday ('bout 16% of my holding).

[al101uk] 07/12/2019 13:35

Well done Foiled, you got for and against to agree! :-)

I think you tell a very similar story to me, but draw slightly different conclusions... which is 100% fair enough.

[lucyp00p] 07/12/2019 13:17

Foiled you are in excellent form this morning.

[responsible investor] 07/12/2019 11:13

Drop it - the game is over with this company. Sell in the market or agree to the Scheme and move on. If you hold on and the Scheme is not approved, expect a 30% fall in the share price. There are plenty of other undervalued oil E&P companies with much better prospects and also seriously undervalued. They also have much less awful managements - some of them have excellent managements.

[griffinred] 07/12/2019 10:37

Voted against, every little helps I guess. But like most elections democracy is an illusion.

[farview1] 07/12/2019 10:02

Voted my 0.6m against with Hargreaves L. Easy to do

[eddie_yates] 07/12/2019 09:46

I've voted against the paltry offer!!

[tyler durden1] 06/12/2019 20:44

Charlie: "Moneylender put in a stout effort and sufficient numbers were not there."

How the hell do you know? I believe Moneylender had about 86,000,000 but do you know how many others will vote no? None of us do, but 86,000,000 is not a bad start?

As mentioned if II's were going to vote yes and had as others have suggested talked with BOD, but did NOT put their quota in the RNS or made irrevocable undertakings I cannot see how anyone can suggest that they will vote YES?

They all add to Moneylender's total, unless of course some are persuaded by others on the bb or elsewhere to sell, which I would imagine is exactly what Amerisur Geopark, Occi and ONGC would prefer.

Lambs led to slaughter

Don't think there's much point in posting on this board any longer

[acv74] 06/12/2019 20:35

I'm surprised some people on here don't baaaa rather than speak English, allowing the BOD to shepherd them where they want them.Not in this lifetime for me.....

[rich2006] 06/12/2019 20:22

Rollthedice
I totally respect your position
But by voting yes you are not going to potentially increase the offer, you are not rolling the dice ( excuse the pun)
I do agree that if the vote does fail to give the required 75% then changes to the board need to be made.
One step at a time.

[tyler durden1] 06/12/2019 20:11

Interesting times

al But Geopark obviously don't share that view? They value is almost 3 times what they are paying.

If Amerisur had that view then it would make the 2019 May presentation deliberately mis stating figures?

They valued the asset creation alone at more than the bid from Geopark, let alone having the OBA, and substantial assets and positive cashflow and a big cash pile, along with its JV with Occi, who also could not have found it too unexciting a prospect.

Plat is comparatively tiny to the potential out there but its still producing substantial amounts of oil without any new drilling, and the value creation did not even include production from Indico let alone the other planned drills deliberately held over.

[lucyp00p] 06/12/2019 19:17

If you think a large number of pi's visit this board and see the posts from Moneylender and use this as the basis for your decision then you're nuts.

[lucyp00p] 06/12/2019 18:17

If you think a large number of pi's visit this board and see the posts from Moneylender and use this as the basis for your decision then you're nuts.

[rollthedice] 06/12/2019 18:12

Tyler who the hell is suggesting that an II would post anything on a BB?

Why would most sensible IIs commit themselves to voting against a better deal by giving irrevocable undertakings, only two have and even then one has an out clause!

[acv74] 06/12/2019 17:55

As for what happens post vote who knows, but in the long term it's likely to be a damn sight better than allowing Clarke to sell us down the river.Have some minerals mate.

[acv74] 06/12/2019 17:53

Charlieeeeee, as if we lowly PIs would get the chance to put forward an alternative anyway....not sure what planet you think that would happen on. A different planet to the one we inhabit, for sure.We have great numbers and if a few dissenting IIs vote no as well we can get over 25%.

[tyler durden1] 06/12/2019 17:18

But neither do I. Why would an II post on a bb its intention to vote NO?

Your logic is duff though, because if as you suggest Amerisur contacted these II's already and got agreement, then in the RNS showing the support, it would have showed their support too, and quote possibly irrevocable undertakings from them?

If it had, then I'm sure with over 25% shareholders would then vote accordingly, but no other shares from II's showed up in the RNS supporting the bid which seems to make little sense if they met with Amerisur and were in agreement.