BAKOVEN==reason for downward spiral is simple=a complacent Board who do not care about shareholders as they get paid even when they miss the targets they set themselves==can any name any other plc where the directors get paid for failure after failure==NO because either they get sacked or do the decent thing and resign===IDEA==the Board take no more salary until they hit the targets they set themselves in Sept 2016 ie 7500 throughput (oiriginally by Dec 2016 but in Dec 2016 put it BACK BY A FULL 12 MONTHS)=So come on BOARD update us re current throughput and agree to waive salaries until you produce as you stated....
Your sentiments are echoed. I first invested in AMER during 2010 @ ~14p . . . seem to recall it fell to 9p after having climbed to ~22p. FARC activities made matters precarious. The company has come a long way since then.
I had thoughts of re-investing here, and was astonished to see a steadily falling SP. Management thinking seems more clear-headed than it was years ago. Production is up. The field is well developed. Estimated 1P reserves on the tenement east of Platanillo appear well established. In sum, much seems to be in AMER's favour. So where vis it going wrong?
I believe there are unresolved disputes with the locals, but it hardly accounts for the steady fall since the recent 30s. There is a much greater information bank on the company to wade through now. And it's going to take some time to make sense of it.
Here we have one of the few profitable successful companies on the AIM. One of you must be able to point a finger at the cause(s).
The Board are paid by the company which is owned by shareholders so shareholders via company pay Board......Reason shareholders buy shares is to make a profit and this is done by raising share price which the directors DO control by their actions==if good actions price rises if poor goes down==as share price has drifted by 30+% over last couple of months must be poor news otherwise if good increasing share price and in Dec and Jan nothing good==still waiting to reach throughput of oil via oba as in Sept Board targeted 7500 by end of 2016 and failed miserably=If any other management team failed so badly there would be sacked..Board forecast licence for input to raise to 7500 in Sept and still not in sight=another failure==regular updates help ease the market but another month on from last update hence slippage of sp..whilst yes Sp needs willing buyers which would appear if the Board did what they said they would..where is update 1 month on re next spudding...Its a pity you think different BUT Board is paid to increase SP as thats what makes shareholders money and shareholders WHO OWN the company pay via company THEY OWN the Board--We need professional BOARD who can manage what has the potential to be a very profitable company--They do not to on the ground in Colombia as the company has representatives there---Do you Think BP 's directors are all over the world or at headquarters in UK..You are very naive with your comments==THINK WHO OWNS THE COMPANY===YES US SHAREHOLDERS
Dear Howard It is not the business of the BOD to manage the SP of a company, their duty is to manage the company. Therefore if a shareholder thinks the SP is low, then Buy. If the SP is high then Sell or Hold. Share holders do not pay their wages the company does that and makes also Profit. The fair SP is what a Willing Buyer will pay to a Willing Seller. Very simple really. IMHO. This Board has achieved what few people could. Before you advocate changes, you need to identify replacements that could do better, want to be in Colombia/Bogota ( still dangerous) Come to the AGM and see if your view receives support from the significant Shareholders.?????????
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