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124141
can not instruct broker yet as need to give meeting date
950,000
sold a lot down.
2,596,263 left.
NO.
My 136,000 is for NO.
A point possibly worth noting.
My brokers have advised that, as my account is 'execution only', they will follow my instructions to vote to reject the bid. However, he did mention that, in the case of 'managed' or 'discretionary' accounts, the investment manager may decide on which way to vote.
Might be worth checking your status, if you intend voting against the offer.
Now that Asset and Mercantile seem to have picked up 5% of the votes, the games afoot!
Not impressed, fine to sell but to encourage others - just go and stop ramping your new choice.
Investing in IT companies carries huge risks, I would advise everyone to do their own research and stick away from Bio and IT technology that relies on innovation - most investors lose money. For every Microsoft of Intel story there are hundreds of failures
I'm out guys, sorry. If you as fellow long suffering Amerisur investors want a tip, my parting gift, then I recommend investing in Advanced Micro Devices (AMD): https://www.hl.co.uk/shares/shares-search-results/a/advanced-micro-devices-com-stk-$-0.01
It's a US stock on the NASDAQ specialising in computer hardware such as CPUs and GPUs that has a lot of potential to grow due to recovering from a very low base in 2015 and they are currently going from strength to strength, I wish I had got in when the share price was $1.67 but I got in much later. Still, I am up almost 50% (accounting for currency fluctuations) from an average of $27 to the current share price of $39.88 and all the major analysts have been upping their forecasts. RBC have just upgraded their target to $50 for instance: https://www.thestreet.com/investing/amd-climbs-as-rbc-boosts-price-target-15169372.
Of course this is all strictly at your own risk and do your own research but I think I'll have better luck than with Amerisur. Good luck with Amerisur and any other investments you have.
Add my 1.6 million
And my 50000
Giibbo, you forgot the ' ocean of oil'
To say the value of the company was a derivative of £0.12 a share is ridiculous. Just cos small volumes sold for that price. Try to buy a company by buying all the shares at 12p Ha ha! As we all know the SP would have gone off the scale, In this case and many others the SP had no bearing on the value of the company. Sure you will agree. Let's see a more realistic bid .
and my 480,000... most definitely NO. Makes a complete mockery of the Stifel valuation of £ 0.37 & if I were them I would be looking to find a way to re establish my credibility. I was insulted to hear the utter waffle about a 50% increase in value from the 12p prior to the initial offer. We had a fund raising round not so long ago at £ 0.25p... we are increasing our Bopd, estimated to be 6000+ by the end of this year, we had some $45m in the bank at latest count and a funded $100m agreement with OXY...and the board are going to recommend this derisory offer? to quote our Baird...'Something is rotten in the state of Denmark'
And my 225503
You can have our "295000+
Just a thought, if any private investor has a stop loss in place with their broker then it may be prudent to reconsider. Would be quite easy to drop the sp and 'fish them out of the pot'
Running total sofar as at 10.30 this morning is:
59,051,158 shares pledged to vote NO
Amazing response guys n girls, keep the numbers coming.
MoneyLender has done us a great service by trying to gather the dissenting votes together. Please can everyone do him or her the courtesy of dropping an email to the address provided rather than simply posting here? It’s hard to follow this busy string all the time and ML is trying to help. Thanks.
Plenty of hedge funds and alternative UCITSs play these types of situations as a primary or major strategy. I imagine this is one on them.
Every individual holding that requests to vote will be processed via CREST. One share one vote.
I see it's 75% of those that vote.
How an AGM manages to add all these votes up so quickly by adding the show of hands from attendees who may be using their vote at the AGM, seems an impossibility. I have never experienced a delay in passing resolutions.
I also wonder how this is audited!
HL said I should contact the Company to ask how the procedure will work. Well ha ha ha to that one.
jointhedots I am fully aware that what I am saying could be true - we just don't know.
My point is that there is nothing stopping M&P to come up with another cash + shares offer outside the FSP as they did the first time around. Remember at that time they also said they had support from key investors
hand-some - you like the Colonel don't know what you are saying is actually totally true - the BoD chose Geo over the other offers but has not disclosed what they where of if alternative bids were higher in absolute terms, M&P offered cash and shares.
The principle that all shareholders would prefer cash only in preference to a much higher shares/cash offer has not been tested, it simply appears to be the wish of some II's.
I have read the RNS again and in the statements JW thanks the staff, but neither directors appears to thank shareholders for their support - that's because IMO they haven't got support, not even from Michinoko
230,000 to a no vote if needed.
RNS out from a Franco-German outfit, bought 500,000 and now have 1.02%.
Have they been keeping under the radar?
Geographic location is interesting as M&P are French and around 80% owner be Indonesian company (incidentally many Indonesian companies are in truth ultimately Chinese).
Maybe nothing, but they can't be aligned with Geo Park or they would have to declare they where working in concert.
I rest my case Colonel - we don't know where the shares are going yet.
so what? M&P took part in the process with their 17p bid and got beat by Geo. Nothing stops them to come back in with higher bid. Maybe Amer management told them of the proposed Geo bid and M&P refused to bid more but who knows...
The bod had multiple bids and they chose the cash offer...which was their intention from start...from the rns " The Transaction follows from a strategic review including a formal sales process announced by Amerisur on 19 July 2019 under the Takeover Code (the "FSP") to maximise value for shareholders. As part of the FSP, multiple interested parties received access to data through virtual and physical data rooms and management presentations in Bogota, following which the Amerisur Board received a number of proposals."