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We will soon know if the price goes over the 19.21 this week it will be an incoming bid higher
fingers crossed
still voting NO
Will be interesting to see the Rns coming this week. Deffo worth hanging on a while to see how this plays out
I'm sure other iis won't be happy with the price.
Willec I mentioned this friday. Its thought geopark might be buying up shares . I am not convinced. I tend to lean toward the party is just starting. But who knows your guess is as good as mine.
16:57 hrs 19.0791p - 2,000,000 - £381.58k
17:14 hrs 18.9414p - 2,529,504 - £479.12k
13:33 hrs 18.89p - 1,450,000 - £273.91k
13:31 hrs 18.89p - 2,892,600 - £546.41k
08:49hrs 18.84p - 2,000,000 - £376.80k
13:33hrs 18.89p - 1,450,000 - £273.91k
13:55hrs 18.90p - 3,000,000 - £567.00k
13:55hrs 18.90p - 3,000,000 - £567.00k
These trades all appeared after hours. Does someone know of another counter offer or why such heavy buys at this price when take out is 19.21p. See what happens tomorrow after people have taken the weekend to digest the information.
Me Too, sent my questioning email
feel I have been raped by the boss
Willec,
Sent off an email just now... hope they're sitting down when they read it!
Is there no possibility of setting up a shareholders committee to investigate (1) what other bids were on the table above the 17p original offer (2) why accept any bids at this price when the alternative is to run a profitable company better. There are a lot of unanswered questions and we need a legal mind with the clout of a sizeable number of shareholders behind him.
Remember just one post here or one email to Amerisur easily done and let them wae up to a horrible shock at 09:00am tomorrow morning when the office opens.
Is it worth all of us bombarding their inbox at info@amerisurresources.com so they recieve 1000's plus emails tomorrow morning on how disgusted shareholder are and telling them to get something better and to keep sending the emails all week until them get the message.
I'm so disappointed, if a counter offer comes will it really be significantly higher? Also, if we vote this down then what? I want the board to be fired immediately as I can't trust them to make anything of the assets so voting the offer down by itself is not enough when we are being suffocated by such incompetence. I am debating whether to pack it in next week and move on.
Yes, it’s worth it: willec. Please hold on and vote!
Is it worth it for only an extra 0.35p before takeout. Money to be made else where.
If you do not need the cash to invest elsewhere, particularly in light of the political upheaval in UK, stay with it. Ultimately there can be no downside IMHO.
It is a great shame that RH is not on board!
I have just sent my broker a e-mail instructing him to vote NO for my share holding.
I suggest you watch the interviews with Malcy to understand what a lying little turd Wardle is
What is the realistic chance on a counter offer and also how long normally until the set price is finalised and the share suspended to getting cash to the shareholders? Also I can not see many people investing in a company run by John Wardle or Giles again - there reputation has been destroyed after this, hasn't it?
They need 75% of the vote for it to carry. Our little positions matter! ;-)
Seems to me that the situation is that we have 23.8% of shares already committed to the sale. If we allow, say another 6% for shareholders selling out, that still leaves 70% of free-voting shares out there. This deal can be outvoted and should be. Why haven't we been told of the alternatives offered?
Vote
....please!
There is still a chance to defeat this.
Essentially - Yes, out at any price but happy to take more if on offer.
Allegedly:
If you're new you probably didn't read my post on Jeremy Coller after we learned he controls Mickinoko. ethical guy and very astute/well connected. I suggest, not the type of guy even GC wants to lock horns with.
He has lead a huge, powerful, grouping of multi-nationals investors in a quest to push for responsible agricultural (in particular) investment, and it IMO will not look for him giving speeches extoling the virtues of ethical investment and also owning an interest in an oil company allegedly encroaching on important Amazon territory.
Join - the - Dots for yourself - it's not hard to imagine him delivering an ultimatum to GC
https://en.wikipedia.org/wiki/Jeremy_Coller
Think I said the same last Christmas. JTD I agree with your analysis the timing of this sale at this level makes no real logical sense when the next steps of exploration all fully funded and much a carry could have given us 3x the value or more. Some II might be on both sides of the deal so a change in ownership to a more competent management team who has been accelerating production and exploration makes sense
JTD,
So in your opinion Michinoko want out, agreed, but at the expense of any SP reward? Would they be involved in wanting a better price? Have they got an interest in just this current offer, ONLY?
Eric - All below are qualified as alleged for obvious reasons:
Before the last AGM there was an article in the times suggesting Michinoko were going to vote against GC, that changed and presumably they backed. Many of us at the time thought GC had had to do a deal with Michinoko . The context to this was years of another anchor investor Rex Harbour falling out and dripping shares to the market for years, do not for one minute underestimate the importance of reputation and pride to GC, a second achor shareholder revolting would be acutely embarassing.
I believe he and the other 2 directors who are in truth controlling everything had maybe were no choice but agreed to sell up or face shares being dumped over a protracted period again.
Ask yourself this - does the BoD give any indication they were or are happy with this outcome. IMO, they don't want this but have no choice as they will challenged by Michinoko and maybe a few other II's if they don't "Get Sell-out Done".
That's the way I see this - we are accommodating a subset of shareholders at the expense of everyone else.
Just saw a post on linkedin by Arden partners representing Amerisur as joint broker on the “cash and share” offer by Geopark Columbia.....did I miss something , but I can’t see any mention of shares in the RNS?.
I don’t doubt any of that, but I fail to see what they have to gain. Clearly? the bigger prize goes elsewhere and they get remuneration in some other way. I know I’m naive in these areas But FFS it didn’t seem too difficult to get to £1 by next Xmas!