[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Amerisur Resources Plc LSE:AMER London Ordinary Share GB0032087826 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 19.18 19.18 19.20 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 84.9 6.6 0.1 201.7 233

Amerisur Resources Share Discussion Threads

Showing 105301 to 105320 of 105625 messages
Chat Pages: Latest  4213  4212  4211  4210  4209  4208  4207  4206  4205  4204  4203  4202  Older
DateSubjectAuthorDiscuss
17/12/2019
18:39
That's the one. It's standard boilerplate, but it's not "no"
lucyp00p
17/12/2019
18:28
Response received from the Market Integrity Unit to my complaint of December 2nd.It's not been dismissed but referred to the review panel to determine whether the FCA will get involved. Clearly this is better than a slap in the face with a wet haddock. Are you listening Giles?
lucyp00p
17/12/2019
11:58
This gets worse. I had overlooked that Amerisur's Nomad, Stifel, is also broker to Geopark. But, not to worry, there's bound to be a Chinese wall! Surprising that more of the financial press have not looked in on this deal. The only piece I have read was in November in the Standard and that only seemed to highlight the lucrative payday for Clarke and some of his co-directors.
sharesure4
17/12/2019
10:07
What a cookpot of conspiracy theories, linked in with what appears to be the BOD deceiving share holders - either the company isn't worth what they were leading share holders to believe or they have cut some crooked deal (or the people interested have cut a deal amongst themselves so they don't pay a reasonable amount). I think it is very difficult to decide which is the right answer. What I do know is that I don't like the BOD issuing an irrevocable undertaking on their shares which at a top level doesn't seem to be in their of our interests. I am somewhat sceptical about another buyer appearing at the last moment but think there is a strong possibility that the shares may fall if this "bid" fails. That could be a buying opportunity, therefore the only sensible option that I'm left with is to sell half my shares, which sort of hedges on all options. :0)
mrx001
17/12/2019
09:31
I thought the deadline is today for broker votes to be in. Are most regulars on here planning to go to the two meetings?
sharesure4
17/12/2019
09:22
I think the vote is on the 19th which is Thursday.
sabre6
17/12/2019
08:40
Barclays say they have my instruction and will be registering my vote accordingly. I have very little confidence in their ability to do this but apparently they have a spreadsheet with yays and nays on it and will be submitting the votes before the deadline whenever that is.
lucyp00p
17/12/2019
07:47
Voted against the proposals a couple of weeks ago. I have just looked on my III account to discover my vote hasn't registered...apparently I did not vote at all!! This stinks to high heaven!
bibdaddy
17/12/2019
00:14
"Anyone seen OBA export figures recently?" They remain uninspiring, Tony. Average for the month so far: 3552 bopd.
bigwavedave
16/12/2019
20:06
The 'current' options exercise period ends on 23rd. 3M each for GC, NH & JW exercisable at 15p, 11.1p & 15p respectively. That's £1.2M cash for AMER in a week's time (plus a few days over Christmas while their cheques get cleared). No doubt they'll sell just enough to pay the UK tax in January to avoid having to dip their hands into their pockets. LTIP awards still in time until 22/4/21 are a further 5.5M for JW and 1.2M for NH at 00.1p each. Anyone seen OBA export figures recently?
tonyrelaxes
16/12/2019
17:08
Isn't there the caveat that some of these options can only be exercised if they have met the relevant targets. Https://www.amerisurresources.com/investor-centre/formal-sale-process The letter to Tracarta and another letter to Directors. In both letters it infers some options are not exercisable as they need to meet performance targets? Its hard to see how these options can ever be exercised even though it looks as though they have when the performance judging by the May 2019 report showing ADDITIONAL value created of over $367,000,000 ADDED to Amerisur's existing cash pile and production and OBA, leases etc. end up being sold for 19.21p per share. There is mention that any awards not ratified will be deducted, but how is that if they've already been pledged, or am I misunderstanding it, which I could accept as its complicated. So can they vote on options not yet ratified or end up not being ratified as that would be very strange. As although if not ratified deductions can be made it doesn't do much for a bid vote if votes can't be deducted. Likewise options exercised require money to be placed in Amerisur's coffers, yet it would appear to many that we have had no RNS confirming any options being exercised or monies added to Amerisur's coffers. It might appear to some that Geopark take it as read it will go through and therefore the monies for options exercised whilst Amerisur is a wholly owned company that Geopark as far as I know owns no shares in, ends up with Geopark? Rather pre judging any court but until and unless the court sanctions their purchase and the shareholders vote for it, shouldn't that money be in Amerisur's account and notified accordingly? The Formal Sales process as far as I can see showed no details on a lease granted after the FSP was started. That asset should not pass to Geopark, it belongs to the shareholders of Amerisur. Geopark's valuation can only have bid on the assets at the time the FSP started, whereas the latest lease was only notified after the bid of 19.21p was publicly announced and where in any case the FSP documents relate to JULY 2019 so any assets based up to that date. The bid was announced on 15/11/19 based on a formal sale process that had all information on assets from commencement of FSP in JULY 2019, but could not have add information on a lease not yet granted or notified. In fact Amerisur had an investor presentation dated 31/7/19 which was glowing about the value of Amerisur, but again no mention of even having applied for a new lease and where it follows the May 2019 presentation showing ADDITIONAL value creation of over $367,000,000. Publication of the scheme document was noted on 28/11/19 at 07:01 notified one day after the announcement of a new lease 27/11/19 11:04, and where to print that scheme document would have meant it was at the printers at least a week prior, so could not include the new lease as part of the assets of Amerisur? On the same theme what about earnings since the FSP July date. Where are they noted, they can't have been included in FSP dated JULY, as these earnings occurred after that and are still ongoing?
tyler durden1
16/12/2019
16:12
query. When the announcement was made on 15/11/19 they referenced beneficial holdings totalling 59,881,111 shares. Were the options nil paid? Isn’t there still an obligation on individual Directors to notify the market when exercising options and immediately in any potential takeover situation? I can’t remember an rns recently by individual Board members informing shareholders of any exercising of options. Found the wording under the FSP data on Amerisur, but not sure if its covered by confidentiality formalities. Worth looking at the option letters.
tyler durden1
16/12/2019
13:13
How am I the one arguing the bull case for Amerisur here :-/ It's the BODs vote on the scheme of arrangement that is "irrevocable". If a higher offer came in then your right the BOD would still have to vote in favour of the scheme of arrangement but the scheme of arrangement would have to get over 75% to succeed. With a higher offer in, I would suggest that they would not get that vote despite 25% of the vote already committed. Holders here are suggesting that the vote may not go in Geoparks favour even without a counter bid... so I don't see how my view is contentious. Following the failure of the vote Geopark may wish to launch a competing formal takeover offer at or above the price agreed in the scheme of arrangement. I don't believe there is anything tying anyone in to a vote at that point. The two new offers would be considered by the board and one would likely be recommended and may or may not get the irrevocable undertaking from the BOD. At that point it's likely that only that bid would be put to the vote and the other would be rejected. A 50.1% in favour of the bid would seal the deal and the usual takeover processes would be followed. Having said all that I don't see a counter bid coming, this entire thing looks gift wrapped for Geopark, whether that's via a huge conspiracy theory or the strategic alliances that are already cemented in the area combined with a large shareholder who wants out... with the sweetner for the BOD of a few million in options for their trouble.
al101uk
16/12/2019
13:02
Tyler, a bidder gaining 50% acceptances would soon swing sentiment of the remaining shareholders in its favour. Board control is the important factor. Why bother with the compensation payment if the chances of another bidder were negligible? Facts are no other bidder has appeared. I'm not defending the board in any way but I don't see the SoA not proceeding smoothly as planned.
kinwah
16/12/2019
13:01
Napoleon, 100% correct. Half of the companies out there who are "doing well" are nothing other than charlatans with fake accounting and using debt to show short term success. The whole lot is built on a lie. It will be like a domino rally sooner or later as they all start to be found out and come crashing down around us, however the ones at the top will already have siphoned off their millions and will ride into the sunset without a care or fear of any sort of prosecution in this corrupt bloody establishment country in which we live.........
ladeside
16/12/2019
12:13
Kinwah, Is that logical? If someone offers to buy your house (out of the blue when you had always maintained that you liked it) at a price you have been led to believe is half its worth, you would reject it and do nothing. This BoD decided against that and that they had better ask everyone else if they would like to buy. WHY? Increasing the value of their Options, maybe? Look at the Nomad’s view of the company’s worth (whilst they may be inclined to be more confident, they also have a reputation to maintain). In normal circumstances one might also say the BoD has a reputation to maintain, quite apart from their general obligations to the rest of the company’s shareholders. So why sell on the cheap when there is no reason to. WHY? Options, maybe? Any Institutional Investor worth their reputation would reject this offer at half the Nomad’s valuation. If they didn’t, WHY? Total disillusionment with the management of the company, maybe? It should be worth turning up at Thursday’s meeting. If you do, don’t forget your proof of share ownership - this bunch will use any reason to keep shareholders away if past experience is anything to go by.
sharesure4
16/12/2019
12:08
kin hogwash The irrevocable would be strong enough to deter any bidder, determined or otherwise! Having virtually 25% at their disposal its a mountain too tall for any would be predator to climb, both in this process where they have to get 75% approval, or even if this process fails and its back to over 50%. Either way, how do you suppose a predator could hope to gain 75% in this process Even with a potential hostile predator gaining 50.1% it would not be enough to compulsorily purchase the outstanding shares. That requires acquiring over 90%, an impossibility under the circumstances.
tyler durden1
16/12/2019
11:30
12 years of believing there was something special with AMER I must be a misguided fool as I will walk away with a 7k loss if its a done deal. Good luck all longs 🍀
spudders
16/12/2019
10:34
What investors often don't realise is that voting on resolutions isn't a secret ballot. The company registrars will be keeping the board (through the company secretary) regularly updated with the latest state of play with the voting. A share price of 19.02p bid for nearly 10 million shares is a good indication that the scheme of arrangement is on track to go through. There has been enough opportunity for any counter bidder to have shown his hand. The irrevocables were not strong enough to deter a determined non-cash bidder willing to pay a premium to the Geopark bid but sadly no-one else wanted to buy AMER. Very disappointing for shareholders.
kinwah
16/12/2019
08:55
I'm afraid they are Lucyp00p, people are gullible fools as portrayed - Boris understood that. I also understand this from current personal experience - I am in the process of losing everything because of the stupidity of my family and can do absolutely nothing about it, they also will end up without a shirt on their back. I have searched for and asked for help for months and years and there ain't any - crazy
aceuk
Chat Pages: Latest  4213  4212  4211  4210  4209  4208  4207  4206  4205  4204  4203  4202  Older
ADVFN Advertorial
Your Recent History
LSE
AMER
Amerisur R..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210927 20:29:23