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I am very very impressed by messages from long time holders for ten and even fifteen years - perhaps dreaming of a ten bagger and instead watching the share crash down to 10p . If only there had been an ocean of oil after Indico 2
Attended the AGM and it looks like it is a done deal, cash in January. Festive wishes to all and good luck in your other investments.
I have been a holder since the Chaco days and have a significant (for me) holding in Amersur.
I cannot subscribe to the view that the Bod have acted in the best interests of the shareholders - quite the contrary!
Forgive my naivity (there are far wiser and more experienced heads on this board than mine), but I also cannot believe that, having apparently either consistently misled shareholders, for a number of years, as to the value of the company's assets/prospects, they can blithely now claim that the valuation of 19.21p per share is fair - and disappear into the sunset, uncensured and scot-free, with their pockets bulging from the generous options they awarded themselves.
Consequently, my view is that this deal is highly suspect.
Posters on another board have recommended PIs to report their concerns to the FCA, which I have followed (text available if required - feel free to message me) or even funding a class action against the board (highly unlikely).
My questions, therefore, are this:
1. Are the FCA totally uninterested in policing the AIM - have they no interest in protecting small investors, or do they really function as a robust regulator?
2. If enough concerns are raised by disgruntled PIs, would the FCA investigate and, if necessary, potentailly unpick the deal (as has been suggested elsewhere)?
3. Or are we just content to be meekly accept our fate and shuffle off like lambs to the slaughter?
In closing, my sincere thanks to the wise heads that have freely shared their knowledge and experience.
I'm definitely with you on this. Having held these for over 10 yrs, what's to lose.
Sadly I think the vote will sail through, but here's hoping
I have not sold. If the vote goes against, it will be because the big boys are staying in. I'm with them.
Sold out, sick of this share.
Hope Giles gets what he deserves.
I think a lot waited until the last possible minute before selling in case of an increased offer, I know I did and sold yesterday, 19.04 is as close to 19.21 as I was willing to risk in case the deal didnt go through and although in profit not as much as I was hoping for
well billsboro I am not prepared to gamble on the deal being voted down and the SP retreating with the vote. I made a small profit so am happy to get out intact.
getting poorer why would you sell now at a price between 19.04/1906 when if everything goes through you get 19.21 and with the amount of shares i hold thats about a grand less in my pocket if i sold now ? ps i have voted no to the deal
please turn the lights out. I hope this doesn't give any more misery to those still holding for better news.
I'm all out and into pastures new , no oils either.
Good luck to you all , already have seen some familiar names on other stocks I bought with the sale proceeds.
And a very Happy Xmas and prosperous New Year.
I sorted my votes out a couple of weeks ago 250K+ All helps. I notice the post on here have dryer up hope it's not because we are the only ones still holding.
Wonder when we will hear result - and comments! Twist or bust.
If this deal is thrown out, it has bid increase written all over it. This BoD have too much to lose and no appetite to continue as AMER. They will get a deal done with GeoPark at all costs.
ONLY MY OPINION ......... NOT A RECOMMENDATION TO ACT.
Clearly brought in to get a deal done under the guise of “business development manager”, whilst the rest of the BoD sat on their fat backsides. What a joke.
Amerisur is a case study where so much was hoped for and so little happened over a two year period - just Indico 1 and the OXY farmout. For a long term holder it is quite simply a tragic deception.
Totally understand JTD. I will find it quite difficult keeping my gob shut.
Thanks for replying. Good luck with future investments.
This board has been quite professional throughout.
GA - I've voted my shares "NO" but I'm not going to the meeting, I'm not prepared to spent any more money or time on this until we have something to fight for. I've eased off posting as I have nothing useful to say really until something changes
Very unhappy with the BoD, but the vote will really be dependent on if some institutions or groups of are plotting something behind the scenes - we're done our bit this time, many have voted against and if I went to the meeting I'd be tempted to hit someone
Sorry guys. Not AGM. Court and GM
I shall be the guy with my old Levellers t-shirt depicting a large pig on the front.
Well that’s if I can find it.
Another choice would be my Pete and the Pirates t-shirt, though not sure who Pete is in this instance. Quite clear who the Pirates are.
For what it's worth I've added my small holding to the NO vote
Easyp, the humour may be in Private Eye, but with AMER the joke has really been inflicted upon the Private I by the BOD.
Apparently we got a mention in Private Eye.
One has to believe that all we were told was not totally accurate as else cannot understand why the bid was accepted as is in real terms bearing in mind income generated lower than the original offer... which was apparently totally undervaluing the Amerisur assets. So some one is telling porkies imo. And I do not see another higher offer coming in... grand incompetence as the state of the sp does not lie.
On to iweb this morning...160k votes no...
Apologies thought offer was 19.02 not 19.21 so 'ask price' still below offer. please ignore previous comment.