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Sorry but reckon that will be when news breaks, just a hunch and gut feeling between 30p -50p. Calculated price plus current market plus strength of assets on sale = 40p. all my opinion from in depth research and Billy the hotel doorman from Bogota ;-)). Hope we can all calm ourselves for one more week. Patience patience the right honourable shareholder will be heard. At least we have the world cup rugby. Come on England. Will the Scottish rule the porogueof Parliament unlawful..seriously not biased..OMG what a fiasco. They want democracy but what happened to democracy for the last vote to leave the EU. Would appear that does not count and many are doing what ever they can to try and remain. Gutless and very undemocratic. Go on Boris we need you to fulfil the wish of the democratic vote. I would vote leave this time round as I believe democracy is paramount and the will of the last vote and result Must be respected. Thomas cook 1.7 billion of debt how do they get away with carrying that much debt. Well done to the govt for not coming to it's aid and sinking more good money down the black hole. Oil prices to rise with latest tensions in Middle east just to bring this back on topic. GLA. IMO news could drop any day from this Friday and expect to see the sp rise as no one will want to be out of this over the weekend.
I just don't see £1 happening. People have been saying this for at least 10 years and it still hasn't happened. I want them to sell at a reasonable price and I want to get out, preferably before the 31st of October.
As would I but it wouldn't happen. I fear the AMER goose, that should by now have been laying golden eggs, has been well and truly cooked as long as this bod remain in any way connected. What the AMER goose does have is a nest full of eggs that glisten to some extent but without the necessary polish for a meaningful glow that could have been achieved in the, I forget how many, years that I've been 'invested' here. I would like to see the 37.5p that Stifel had as a forecast value achieved (at least) as that was the, near exact, price I paid for my initial stake and twice my current average . I'm still under water after all this time but I held on, as many other lth's, knowing that this time would come and the company sold on to a serious oil company believing that the only redeeming feature this bod has is its ability to close a good selling deal. Well, here's hoping. A good weekend to all: another week nearer to the end.
We tend to value CPO5 just on the Indico/Mariposa oil production. But you have to remember that the rest of CPO5 (prime acreage) also has an exploration value which is possibly worth as much as the Put acreage and certainly shouldn't be ignored.
Clearly the reserves update, being very professionally calculated under strict principles that have to be believed (!!!!!!!), show a Company value of $250m assuming CPO-5 P2 increase. Add OBA value. Add PUT acreage. Add $45m cash. It is a no brainer so long as POO remains viable and no political crisis occurs in Colombia. However the sale does depend on acceptable offers. Longgggggg termmmmmmm holders have, to put it in Oz terms, “NO WORRIES”. Buy buy buy OMHO
I am with Rhodi on this. Minimum acceptable bid 32p. Likely bid between 32p and 40p. A good deal would be 40p+ to knockout the other bidders and secure the whole package. Sale of all the company preferred but only if we get full CPO5 value!
Having read the rns again, it is explained that a more conservative approach has been taken on the life of the field. This is utter professional assessor b....... as there should be only one way to value reserves. This type of value judgement stinks. They are paid to assess with all things considered. What a waste of money having reports of this nature. F...... B....... ! IMHO Just like bleeding accountants. Paid fees for ****.
imo cpo5 is growth potential only if ongc choose to grow it whilst we have a 30% slice. I question if they will. That could then scupper us if it was to be our sole income stream having sold everything else. NO I would like a complete t/o as I am sure would many and the BOD need to consider Brexit and any potential upside or downside that could occur depending on when we get the Brexit departure.
I expect the sale to be for the whole company. I have no doubt following this report that the different acreage will be sold off to the company that offers the highest bid for each part. I presume that each interested party will put in bids for each of the differing blocks inclusive of the oba pipeline on the assumption that they are happy with just that part of the business for the price. Then I believe the company will be looking for a price offering off interested parties for the purchasing of amerisur a whole. Obviously if someone would like the "whole" they may need to beat the individual sum of purchase offers. Dependant on ease of sale and cost implications of whole sale compared to a split sale, the board then need to put the recommendations to the shareholders. Still see offers north of 30p but by how much is a finger in the air job. I believe that we stand a better chance getting $200 to $275million for CPO5. Pay it out in total as a special divi? But unsure if incurs tax to my knowledge but happy if anyone can advise if held in isa or sipp. My gut feeling is that this will be sold and amer will cease to exsist but the bod will get a price that if not accepted will lead to an aggressive take out at lower price. Only my opinion but happy with reserves. Will we have to wait till November. Not in my opinion and this will be announced in end September with finalisation in October. Will the BOD ask for a price in sterling or pounds. And timing could benefit the buyers massively. It remains a waiting game but happy with rns and fail to see why this will not rise soon as cannot believe with all interested parties that this will not leak. I have to remember to calm myself as this looks better by the day as each one passing we are getting that much closer to a reward for loyalty to the board. GLA.
Wolster, I thought the sale process was for the whole company. In any event the only downside I see here is if the management decide the offers are insufficient for them to lose their jobs, i mean recommend to shareholders. That risk is small imv and so I have bought some more !