George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Notice most of his other companys all doing poorly regarding share price wise.kazera.ironveld ect.
Time running out 4 this guy and some of his other cronies.get paid 4 success which is reflected in share price.always looked after his self and other close contacts but not private share holders.not to b trusted.
I can't see this moving until the 2nd half of the year. This share has further to fall.
The major issue with Amer - they are not communicating a cohesive 3-5yr business plan, with forecast , profit projections and integrated business model. Briefly Where is the FD who's job is to integrate between all departs and re-inforce financial budgets. JW in my mind = has TOO MUCH reign and de-rails - business plans because he is a ROCK specialist and CEO last - so where does the FD go to my lovely- stand up and deliver the plan whilst JW is deep in CX1 FFS - NH is NOT an OPerational Accountant - he's a bean counter - Why Where's the Ownership of any issue. Ownership defines Kings Countri3s and Politicans - I'd rather see someone with Balls try t- than a yes my man big salary - blame very other - hide from insecurity - sorry I didn't get the ideas mayhem. Last post. Some crap on this BB - like babbling L Count add or deliver some info - not trading.
Look I know, a lot here have been Invested in Amer many years- what would be +ve is a group - collate a list of pert Q's and issue at the AGM - co-ordinate - I know the honest traders on the shorting side will - but it is in the interest of all investors - shorters and all to get a clean financial picture - which on such a small scale I spoor . HNY GLA. I've managed charities with a better vision and financial discp.
Listened to the normal Deramp blood sucking 3rd world war crap - Why leave the last RNS of a deceased NED - Why not post a follow up RNS and clean up -JR Rank. Point I make is most business drive a strategy which includes growth, Amer last 3 years have had to deal with FARC - Agree, POO Agree Block Deal making Agreed ECU pipeline Agreed - Whats left - they've cured HIV, This BOD management of earnings is pitiful, I'm not selling out - but are these guys are WHAT - doing? - With JW fair play - Dana's Dead poor man and left on the RNS which is disgraceful NH is a muppett - get on a plane get local and fecking get hands on dirty - this balance is not right - you can taste it and GC shocking tweet. I 'm not joking - pay my flight for two weeks and me and JW can meet on behalf of PI's I 'll give 50 questions - pre meeting Q& AQ and discuss -0 I have done this before - No issues - Got 30 years experience FFS - we meet in Col - One outcome I'd Challenge NW No issue. Arrange it
Gosh. What a depressing post.
Seismic results non starter , no guarantee for anything.Just a good guess but the ocean of oil was surely on seismics?
Spud Sol 1 , forget it. Spudding has no effect anymore.
AGM , who's trusting the lying beggars? Nobody I suspect.Farm out? The last one had zilch effect at £93million.
I don't expect this news flow to move the sp , I suspect a change of management only will improve sentiment. And sadly the only thing that can change that is the II's , and they are just leaving rather than changing the outlook of the company. add to that that they are not even in control of things really sums it up for me. It's looking pretty bleak to be honest
Wilec, turn the question round, what news flow is expected soon because that’s the main driver for SP.
AGM, a new presentation and video, update on drill plan.
Platanillo in fill drill spud.
Sol1 spud
OBA 3rd party permission
Put 8 farm out (possible not guaranteed)
Seismic results
Not sure but definitely not tomorrow, the day after or even the day after that....and that's 100% certain, but it won't go down either....enjoy the BH weekend!....;)
How long before we start to see upward movement?
I'm sorry to hear you won't be at the AGM, pickedpeck, as we need as many as possible of the sensible and thoughtful people from this forum to be there.
HZM a bit too early stage for me, but an interesting play: I shall follow it, now. I'm an SLP man, in metals (for what it's worth).
Anyway, back at the ranch(!) I agree with you on AMER re consolidation and also with Roth1 that the Indians would be on the shortlist of acquisitors.
I also agree that the AGM motions on remuneration and options should have hands-in-the-air against and that a buyback could prove supportive to the price (though, as CD has recently pointed out, the II selling continues to be rather hefty).
Finally, you're completely right that oil is here for a while yet and if the AMER fundamentals look attractive enough, the idea that either significant II inflows or an acquisition wouldn't take place is ill-founded.
I agree with your view that we are ripe for takeover. The asset value at the end of 2018 was £213m against a current market cap of £160m, and that was before the Indico result. the Calau duster has taken all the speculative froth out of the share so the buyer will never have a better opportunity. My money would be on ONGC. They want us out of CPO5 and who better than them to know what the full potential of the current and prospective finds could be!
JW giving it a preach
https://twitter.com/AmerisurResourc/status/1123445662081798146
CYB - My bet here is for market consolidation in the way the currently stressed market is likely to play out, I see AMER as a sitting duck for a larger US or Chinese buyer. It seems inevitable to me at some point as Colombia starts to look a lot more attractive than deep offshore or other worse alternatives and the money and investment capability consolidates into fewer players. I do believe there is an ongoing shift from Carbon based energy to cleaner forms for a variety of reasons, denying it seems pointless. That’s not to say the oil price will collapse any time soon, just there will be a rebalancing of exploration and production efforts. A serious reduction will take 20 years or more, plenty of time for some asset monetisation here in the meantime. As a result of the shift though there are opportunities in the materials and mining sectors which will grow as electric power develops. Tesla and others are saying Nickel (amongst other rarer metals) is going to be in short supply as battery production ramps up. So my hedge for AMER is another play in S America resources, HZM. A bit like AMER they are sat on a huge unrealised asset (in the ground Nickel resource) but do not have the capital themselves to develop it and are in the process of raising funds. It could turn into a world class / top 5 Nickel mine. Perhaps even more speculative than Amer, but macro economic drivers in favour rather than a headwind. Meanwhile back at the ranch, this is the rainy season, previous years have seen little activity in country at this time so understandably quiet. plus can’t make the AGM now as have to work for a living still... I would vote against remuneration and options, and demand some buy backs if I was there.
The very monied interests I mentioned who stand to profit by exploiting the climate ''-Crisis'' -
Yes carbon credits taxes, fines and rules make lots of money- 'with added virtue''
Read through your posting history, you appear to be more of an actavist than an investor.
Just my opinion, agree or disagree, I care not.
Calling people a pratt because you disagree with them is not a reasoned argument, commonplace amongst climate warriors. Any scientific assessment of the issue of global warming or climate change - it's new name since humans are now also accused of causing cooling or warming or both - should be one where the evidence is assessed and conclusions drawn. Errors and statistical probabilities are an essential part of the process. With 'Climate Change' the predictions are just that predictions, based on a computer mode/models. There are also extrapolations of past and current trends, that is somewhat muddled by the leftovers or not of the mini ice age circa 1700 ( or 1450-mid19th) . Predictions like weather forecast are largely unreliable and quite inaccurate - Current published data shows a mean temperature rise of 0.4 degrees this millennium. The current temperatures are below this trend.
Climate change is something that happens all the time, attributing the correct man made factor to the current change is difficult, but is more than likely that there is some, just the amount is vague.
The climate change lobby approach the problem with a evangelical blindness and fervour. The destruction of the eco system undoubtedly goes on but many Climate change theories are more a lifestyle choice than a scientific 'Crisis'.
The real scientific analyses has been taken over and oft corrupted by virtue signallers, political manipulators and monied interests.
There are certainly no simple solutions to the perpetual cycle of population growth, natural ‘check’ and/or climate change - just ask the dinosaurs...but in all seriousness, reducing emissions and finding cleaner ways of burning fuels (e.g. IMO 2020) and cleaner energy generally is not only common sense it’s been the trend since the early C20th- even in the late 50s early 60s London’s air was still a toxic soup with literally hundreds of thousands of homes burning coal!
Renewable sources of energy of course tend to be intermittent and I think only right to question their greener-than-green claims. Certainly the economic and environmental credentials of the current storage/battery technology leaves a lot to be desired - I believe carbon capture will play an important role in achieving something closer to a ‘future balance’ though what exactly that means and how it will be safely measured and maintained is another question altogether, esp when one thinks of the catastrophic emissions from a volcano or forest fire - some things are more easily controlled than others...
I think it’s fair to say the world has been warming since the last ice age. Of course in the history of the planet, those extreme events have come and gone countless times before...and so they will continue with or without us (dinosaurs)!
Climate change is definitely not a hoax imho.
And a more micro point if I may:
''Energy as a sector in the recent period has seen inflows not outflows as it is deeply undervalued.''
In terms of AIM oilers at least, it's small and selective inflows and that only very recently imho LC.. and versus the cumulative MASSIVE outflows from this AIM sector for years from approx. mid 2014, any recent net inflow are peanuts imho.
Sure you can pick out a few gainers more recently but is two years into a good PoO recovery now and on a five year view there are many many AIM oilers at very very low levels versus pre 2014/15 crash levels.... and I accept some of those have proven to be not strong/good co's but there are plenty of producers - not pure explorers as that's just hard core gambling - who have progressed themselves significantly - including balance sheets strengthening- in recent years and there have been nothing like the sustained II inflows one might expect to match imho : eg President, Trinity, SDX, Tullow, and - surprise, surprise - Amerisur for e.g.
(Generally, timing is of course huge on AIM and you may - or may not - be in the right place at the right time this time but longer term AIM oiler producers players have had a very bad run of it on average.. and if that's changing it's only very slowly, so far at least ..imho )
I would like to know whether institutions are getting out of AMER due to
Climate Change / fossil fuels or due to the slow exploration success of
Amer. Or Both.
I am sticking out for a long term profit hoping for a buyout in 3/5 years -
both JW & Giles must have that strategy and they may not be too concerned over
short term share price.
A few more, buy when low, and wait for the good news to kick in ,
GLA LTH Cheap as chips currently, imo
Sell in May...
Didnt we get computers and easy market access a couple of years ago?
;-)
May 01 - 3.8