The share price going south on a good stock is a great opportunity and it does not come along too often.
Fully funded exploration and development and a decent operating profit on existing production at current prices (and a lot below, now that the OBA is operational) is quite a rare beast.
All that extra strategically placed acreage added in December, Plat 24 now producing and Plat 22 and 21, teed up and ready to go as soon as the peace process beds in and still no recognition in the SP.
There is far too much sentiment and little rational analysis applied in the AIM casino and here, investors prepared to buy at 30p plus, but not leaping forward with both hands to grab the same (or better) goods at 23p.
Completely agree with you jtd. Investors start to worry when they see the share price going south, it is human nature, but really the best time to buy unless you think the company is heading for the rocks. I'd kept some cash back for a possible market correction but found myself dipping into it over the past few weeks as I couldn't resist the prices here. Happy to sit and wait now.
Reason for farcical sp is farcical bod=they are not interested in sp as not taking any actions to help--ie updating market regularly and with some positive news for a change===FOR ME== easy change bod =change of sp==WE NEED BOD WHICH CARES for shareholders as we are technically their employers as we pay their fat wages
It's about time it started on it's way back up to 30p. The SP is farcical.
This is typical of many of these small oil companies, goes up and down for no apparent reason and is disconnected from the oil price unless it moves drastically - much to the investor frustration comes from not understanding the logic. Some asking WTF is going on or why did I buy this pile......
Relief from the stress comes as soon as you accept there is no logic to it "that's just the way it is", it's then easier to watch your money disappear lol
Joking aside, I actually have great hopes for this and I'm steadily increasing my holding, as always time will tell if I'm right (no advice intended).
No problem. It's best just to fez up and then the debate can move on without rancour. You are right to be suspicious about the motives of some people of the bb though. One would be foolish to base any buy/sell decision on opinions although I do find factual comments interesting and worthwhile.
I read a day or two ago that the last of the FARC rebels groupings, 300 (the ones that are surrendering to peace) entered a transition camp - sounds like a shambles as the camps are simply a clearing without any reception buildings in some cases.
Anyway it seems to be a mixed bag of news, apparently as FARC are leaving other opportunist thugs are moving in on their operations and terrorising locals The areas are proving hard for the Army to reach - I suspect that doesn't apply to AMERs operation area as there is access.
On the flipside apparently the government have opened up peace talks with the next biggest rebel group after they released an kidnapped soldier and are hopeful hostilities will cease - that will allow the Army to tackle the criminals I suppose. I'm hopeful the company will be able to advice things have settled soon.
Finally I'm not one for being paranoid but with regard to our alleged persistent seller, I took a look at our main shareholders - with regard to our largest there is a history of slowly increasing a stake and making a challenge to management with an offer for the company - worth keeping an eye on them,
I looked to see if any other major shareholder might be working together with them, but it's hard to find out who owns what. Destabilising a company's SP to create despondency could with worth someone throwing a few shares at it for the long game. i.e. knock the SP down then make a premium offer (that is nothing of the sort). Perhaps I am being paranoid lol.
Dividend, special dividend (threat/warning?) and now management rights all help fend off threats for companies with cash. Bowleven are busy fighting off a big shareholder who wants to asset strip them.
I only understand about half of what you say but you seem like a nice enough fellow so I hope your optimism about this dreadful company proves right one day . Of all the commodity stocks I own this one is by far the biggest dissapointment both in terms of share price and quality of management. I am hoping that either there is a bid for amerisur or an activist investor takes a stake and shakes this company up ( a la bowleven ) as otherwise I cant see this going anywhere whilst it is being run by the current boys. Very dissapointed to have invested here for the right reasons ( pipeline at long last) only to see the share price lower than where it was before that announcement.
nearly a month sine last update and share price has drifted by over 15%=time the board update us with hopeful increase in throughput of OBA and where they are upto with potential spudding of Plat 2. Also any if any progress re increase in licence to get throuhput up from 5000 to 7500. I hope but would guess, given the boards inert skill, that progress has been made but doubt it as never have any qualms over drifting share price. So come on Giles and Co, get off your behinds and do something PLEASE
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