Amerisur Resources Share Discussion Threads

[acv74] 10/12/2019 13:38

Agree wholeheartedly sabre.

[sabre6] 10/12/2019 13:37

Just vote NO and see what happens. If the bid goes ahead at least you will know you have done your bit.
I am not so sure it is a done deal.

[norman the doorman] 10/12/2019 13:06

it does make you wonder where these shares are going if these disclosures are a fair and accurate record.

[tonyrelaxes] 10/12/2019 12:59

TGG
These days it wouldn't surprise me at all if it is our self serving Directors or an offshore vehicle for them if they are now in a closed period.

[thegreatgeraldo] 10/12/2019 12:31

Somebody picking up the halfpennies..... million just gone thru, couple of 7-figure buys yesterday as well

[kipper62] 10/12/2019 12:28

Andrew. That's what his bucket list said:
hxxps://www.malcysblog.com/2019/08/bucket-list-6-month-update/

[rollthedice] 10/12/2019 09:11

Pretty relentless selling again today but no Form 8.3/8.5s today so far...

[rollthedice] 09/12/2019 18:52

I'm an allrounder Eddie :)

I try and view developments on their merits. I didn't see the point of this Malcy blog entry which begs the question why did he think it important enough to repeat or who encouraged him to.

I haven't changed my mind on how I'll vote (yet), that'll only happen if another player shows their hand.

[eddie_yates] 09/12/2019 17:50

Roll doesn’t know if he’s batting or bowling!!!

[acv74] 09/12/2019 17:23

Malcys post is very random given there was no RNS and gives no personal opinion, just reiterates what the random unknown US broker has said.Take your own conclusions from this.It is clear he is a creature of the BOD. Trust in Malcy = zeroMalcy credibility = zero

[kipper62] 09/12/2019 16:58

My message to Malcy today:

How can you give credence to that derisory offer and recommendation for the acceptance of the sale of Amerisur.
The day BEFORE release of the RNS strongly advising shareholders to take 'NO ACTION IN RESPECT OF THEIR SHARES, as the offer was SIGNIFICANTLY UNDERVALUED,' we could have sold at just short of 18p. On the day of RNS we could have sold for 19.32p. On the following two trading days we could have taken between 19.88 and 19.9. Therefore, at the board's best we PI's have been advised to hang on for a 'significant' 1.1 p. At the worse we were advised to hang on for a loss 'until completion of FSP.' Can they justify walking away from this disaster by claiming that the market has nothing to do with them, when they have instructed 'shareholders' to hold onto their 'shares' until completion of the FSP? Even if this action is legal, it is morally indefensible. Shame on your support for this BOD

[rollthedice] 09/12/2019 15:49

Must admit my reaction to Malcy's comment was 'why is this US broker's opinion relevant / important enough to report on'? Perhaps BoD are worried as acv74 suggests. I'm still inclined to vote for the offer though given these clowns will still be in charge if deal doesn't go through.

[acv74] 09/12/2019 15:44

If the BOD are resorting to these sort of underhand tactics they must be worried.Keep voting NO guys.

[acv74] 09/12/2019 15:43

Lol at Malcy's post.Clearly just parroting the BOD view and proving he is bought and paid for.All after weeks of being quiet on the subject. I did email him in that period, which he failed to respond to.Just cancelled my membership to his emails, lost any shred of credibility with me.

[crossing_the_rubicon] 09/12/2019 15:36

"ISS Corporate Services has reported on the recommended cash offer of 19.21p for Amerisur Resources by GeoPark saying that the ‘shareholder support for the transaction is considered warranted’. This is based on a ‘significant premium offered to company’s shareholders, it has a cash consideration bringing certainty of value to shareholders and no other concerns have been identified’. Considering all these matters ISS have recommended the management proposal to shareholders.

The board has received a number of proposals and accepted an offer that was over 50% above the three month VWAP, in that respect it is appropriate that the offer is accepted by shareholders"

Surely the BOD should be advising shareholders of all these "proposals"

[rollthedice] 09/12/2019 13:02

I'll probably do the same to be honest, just waiting for gap between share price and offered price to close as deadline approaches to minimise 'cost' of that insurance!

[al101uk] 09/12/2019 12:58

RTD,

Yes, you're probably right and I'm not selling everything in the expectation of a No vote succeeding. I'm "buying" insurance against a share price fall on a "No" vote. The cost for that insurance is the difference between my sell price and the bid price.

"...unless you want to reduce risk/exposure"

Exactly what I'm doing.

[acv74] 09/12/2019 12:53

Just voted no via BarclaysWe only need 25%, the outcome could be close.

[rollthedice] 09/12/2019 12:37

@al101uk #25475 ~ Geopark have indicated they're prepared to go the takeover route so even if the 75% scheme threshold fails, the lower 50%+ is unlikely to. They don't need to raise bid unless another player enters the frame. Why sell in that scenario, you'll get the 19.21 anyway? If Geopark chose to withdraw entirely that's a different matter. So for either yes or no camps selling isn't the answer unless you want to reduce risk/exposure.

If Corbyn gets in on Friday and pounds falls sharply, as I suspect it would, I'd vote against this deal too as it would be worth that much less with depreciated currency.

[tommygriff] 09/12/2019 11:13

I've voted no

[al101uk] 09/12/2019 10:14

Selling is only rationale if you don't believe a "No" vote will be good for the share price and that is your sole criteria for your intended "Yes" vote.

If you're voting "No", obviously the rational thing is to hold for two reasons:

1) If the vote goes for you, you get what you wanted and you were able to participate in the vote.

2) The worst that can happen is that the vote goes against you and you get 19.2p instead of 18.xp.