Amerisur Resources Share Discussion Threads

[crossing_the_rubicon] 14/1/2020 17:54

Disappointing few weeks on the "Takeover front" it has to be said.

Amerisur taken out on the cheap and now Endeavour walk because they couldnt get CEY on the cheap.

Thought takeovers were meant to be exciting and rewarding????

Clearly only if you're "in the know"

[griffinred] 14/1/2020 17:32

Even with the most thorough research AIM companies are a total gamble. Yes sure you may be lucky, but usually you're not. Only the company directors always win.

[dayway123] 14/1/2020 17:25

Good luck al101uk and to all the posters that have contributed some great reading over the years. Hope your future results are more favorable than what we’ve had to endure here.

[al101uk] 14/1/2020 16:25

Last trading day for Amerisur tomorrow... I guess that't it guys!

[3roach] 13/1/2020 23:31

Agreed, you're right.
Rose tinted specs binned for good, will read all future Aim RNS's with a sceptical eye from now on.

[kinwah] 13/1/2020 23:08

3roach simple answer is no-one was willing to pay more. It's a hard fact of life that something is ultimately worth what someone will pay for it. Sadly it didn't work out for shareholders but time to move on. There are plenty of other oily fish in the sea.

[bigbas] 13/1/2020 23:03

Thieving bar stewards

[3roach] 12/1/2020 20:46

Will we ever get to know why we got such a rum deal? Somebody somewhere must know how we got here.
Will take my 19.21 and c'est la vie, but still bloody peeved.

[big7ime] 10/1/2020 15:41

Typical of this co though, first it was 80 odd k, now it’s 3.2m

[bryet] 10/1/2020 12:57

Main thing nothing to stop deal going through just waiting for cheque then I can move on from this underperforming load of tosh!.

[al101uk] 10/1/2020 12:38

Both sides claiming a win then... sounds like a typical court case.

I would love to see that headline BWD :-)

[bigwavedave] 10/1/2020 12:16

"Court freezes assets of Giles Clarke company" would make a nice headline though. ;-) And the case appears not be "without merit" as he previously claimed.

[al101uk] 10/1/2020 10:14

Someone elses problem then...

"Amerisur Resources plc ("Amerisur" or the "Company") announces that the first hearing of the Application Notice seeking a worldwide freezing order against the Company (the "Application") was heard yesterday. At the hearing the Court agreed with Amerisur's position that the substantive merits of the Application should be heard at a later date, expected to be in early March, following the completion of the Transaction. The Court did not grant a worldwide freezing order and declined to order any disclosure of assets by the Company (as sought). Pending the Court's consideration of the merits of the Application, the Court has issued an interim freezing order in respect of approximately GBP3.2 million of the Company's UK assets (the "Order"), a value that is significantly lower than the amount claimed in the Application."

No last minute reprieve for holders who didn't want the sale to progress.

[fatgreek] 08/1/2020 11:43

I can't believe they told us to sit tight as if we would be rewarded.GC et all will have a bad name from this and my other question is how can JW via an offshore company afford to buy shares?Was there skimming going on with the oil profits in the first place? Not insinuating anything but amazes me a)why the need for an offshore vehicle and b)how can a regular guy have millions laying around in an account there....? Where did it come from....

[tyler durden1] 08/1/2020 09:47

Parasitic action, but where its for a low low claim, just to get a settlement before others then try it on.

ALL POWER TO THEIR ELBOW!!!

Normally I can't stand the no win no fee parasites

[quidnunc] 08/1/2020 09:08

Leigh Day too late in the day? Perhaps here is the reason for the rest of us being sold down the Putamayo Q

[kerri28] 08/1/2020 08:29

This is all very depressing especially when the oil price will spike up over the next few months.

[moneylender] 08/1/2020 08:11

Cruiser you have hit the nail. Just sit back and wait for a cheque. Amer shares will cease trading next week, we have been sold down the river by Clarke and Wardle.

[kipper62] 08/1/2020 07:54

Ha ha, some folk hoping to get some compensation for the questionable activities of this BOD. At least some people may make them accountable for some of their actions.

[cruiser70] 08/1/2020 06:19

Hi guys, It's been 5 long years since I've even looked here, I hope you're all well. My mental health has kept me away from all of this world as I've had to step back and reset my life.

I see some of the old names that I remember from back then. I still have a few of these and I see we've been sold :( I was here way back in Chaco days. So I guess I do nothing and will just get a check when we get paid or what's the procedure?

I'd appreciate an insight on how this is expected to play out.. I wish you all well

[bigwavedave] 08/1/2020 04:24

National news at last! But not in a good way!!

[fatgreek] 07/1/2020 23:37

A Colombian tribe is mounting a last-ditch attempt to thwart a £240m takeover of Amerisur Resources, a London-listed energy company which has agreed to be bought by a larger rival.Sky News has learnt that the law firm Leigh Day has lodged an attempt to secure an injunction that would prevent Amerisur being sold in the coming days to GeoPark, a Latin American oil and gas explorer.A court hearing is understood to have been scheduled for later this week.Leigh Day is representing members of tribes who live alongside Colombia's Putumayo river, following long-running allegations that Amerisur polluted local water supplies and endangered locals' health.The company, which is listed on London's junior AIM market, has denied that it was responsible for the alleged contamination, which was reported by The Guardian newspaper last year.Residents had told the newspaper that they and their families had suffered severe physical symptoms from the disposal of wastewater directly into the Putumayo.It was unclear on Tuesday evening what the prospects were for Leigh Day's efforts to secure an injunction blocking or delaying the deal.In a statement to the London Stock Exchange on Tuesday, Amerisur made no mention of the legal challenge, and said the takeover by GeoPark was on track to complete next week.Amerisur is chaired by Giles Clarke, a colourful businessman who founded Majestic Wine and spent eight years as chairman of the England and Wales Cricket Board.Last year, Mr Clarke and his colleagues in the Amerisur boardroom put the company up for sale following expressions of interest in acquiring it or its assets.Before agreeing the takeover by GeoPark, Amerisur rejected a bid from Paris-based Maurel & Prom, another resources group.The legal effort by the Colombian tribe to try to prevent the Amerisur deal being completed is the latest in a growing number of environmental protests and legal claims against sizeable natural resources companies.BHP, the FTSE-100 miner, is facing a multibillion pound legal action over the 2015 Samarco dam collapse which became Brazil's worst environmental disaster.If the takeover of Amerisur goes ahead, it would represent another in a long line of oil and gas explorers to disappear from the London stock market.An Amerisur spokesman declined to comment, while Leigh Day also declined to comment.