Duly noted, Laptop. Not sure that I shall join your group. A couple of reasons follow.
Although I have been AMER-connected since October 2010, I find myself in disagreement with some management features. The BoD collect obscene sums annually for mediocrity and failure. My recent examination of 2015 accounts -- and a quick browse of several previous years -- left an uneasy feeling on exploitation of the coffers. Until recently, it leaves the impression of having gone unchecked.
The AGM this year may turn out to be a cauldron of discontent. A shake-up is very necessary in my view, but that opinion is likely to be very much in the minority.
I believe the minutes have omitted a line on "re-election" of board members. One of them, of course, has only just joined the board, and he should not be regarded as one of the problems.
No wonder everyone in HQ is scrambling to put oil on troubled waters. Those responsible are probably desperately wanting to give a heads-up on OBA, if nothing else, in the next few days. In fact, I expect a series of updates before the AGM comes around.
In sum I give this crowd less than 18 months to see if they turn over a new leaf.
That mplies you wull Not approve those who do not conform to your rules. The other option is thronged with LTH who know people in the City and Ecuadorian govt as well as anh Colombian oil people.. do you work for a fund or even dare I say the Nomad? Freedom of choice is preferable to.me. No need to invite me now. Don't bother yet arsee.
Hello everyone, just in case you are interested in joining our AMER long term shareholders group on twitter, just follow me Chris Brown and i can invite you. We have a good group of people plus we have malcy in the group which is great as he really knows his stuff on Amer.
GSA Capital seem to have had a short position since Early April. Now 0.60 per cent. Don't think it's a hedge as they are not one of the institutional shareholders. Seems a bit daft considering the news in the last few days. You would have thought they would have closed it. When they do the share price should jump.
I like Amer simply because they are producing, getting on with it and all seems pretty low risk. They don't seem to be over egging the pudding with their news unlike Sou( which I also like but a bit more rollercoaster) Would love to see a steady slow rise over the next 3-6 months
Just read in the AR that target for 2017 is between 6000 and 7000 bopd on average. I make that around $110m in income as opposed to $47m in 2016. Even with $44m in exploration and development costs I make that a healthy profit if we can carry on with the cost reductions.
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