Member Info for Awstin

More years ago than I care to remember my initial buy in to AMER was at just under 37p with a forecast of up to 70p. The company is in a much better situation now than back then. I have averaged down from there but still under water, though I can now see the surface.

A few months ago we discussed the sale of the company as the 'end game' : this is the beginning of the end game. Bring it on!

I hold shares in three GC chaired companies, all of which are in the red. In the last week the other two companies, IRON and AMER have, effectively, been put up for sale. We are halfway through the two week window between the Cricket World Cup and the Ashes Series and I believe there will be a major announcement here by the end of next week before GC gets back to his cricket.

It doesn't seem to matter, it drops on both.

Not being a follower of cricket I wouldn't know. Then he's got a two week window.

It's interesting that IRON is now being pitched as a Vanadium source not a High Purity Iron source which, I believe, it was up 'til now. Hopefully Va will bring in the money that Fe failed to attract.

Now the cricket is over GC can pull his finger out and concentrate on his businesses. Today he's put Ironveld up for sale with a glowing RNS which seems to be reviving the sp a bit, albeit from a pitifully low level. Could AMER be next or will we have to wait while he attends to his other African hole in the ground (and hole in many portfolios) KZG.

Sorry guys and girls I've also topped up, another sure precursor to a fall in the price.......

Mathurin, I agree: a sense of involvement goes a long way

Thanks gmed. That explains a lot. Most of the time I can hazard a good guess but I'd never known what you've explained today. Cheers.

The black trade for 60000 shares today is a buy: mine.

Wolster,

I too have been staying away from BB's for much the same reason.

I've read the report you mentioned and it is indeed interesting and shows how AMER's future value could be enhanced by the fall in production from the world's current major oilfields as production falls further into the future.

It also shows the forward sightedness of JW and AMER in buying up the many blocks/licences in Colombia, especially when they were cheap.

They continue to sink their own boat.

Agree Choppy - they know they're behind the curve, the problem is it's their own design and don't want to change.

Thanks telegraphist50 - rang ii and submitted my vote, mostly no apart from JW, Elodie and share buyback.

I'd like to add my thanks to Roth1 for the find and HullFC4Ever for the translation of this informative article. Let's hope for more of the same.
Last night I came across a programme on BBC iPlayer 'Simon Reeve on Colombia'. Bearing in mind that it was filmed in 2016 and does not mention the oil industry specifically, it does add a bit more insight about the complexities of the task of working in Colombia, not least the nature of the terrain and the lack of infrastructure.
It also shows why the government needs the inward investment and oil revenue as it builds new schools, hospitals and community projects.
It also showed the government's fight against illegal gold mines and their pollution of rivers with mercury and other chemicals. This brought to mind that this could be a potential source of the pollution resulting in skin complaints by some of the indigenous population for which Amer is being blamed.

Thank you, Colonel.
That's what we all need: a goer!

Apologies If this has been mentioned before, I missed it.

I've recently added GTE to my watchlist and yesterday they issued an RNS showing that they are part way through a share buyback programme on their Canadian listing.
I don't have the knowledge (or currently the brain power: side effects of meds!) to comment on any significance re. a potential buyout of AMER but at least it shows that they're observant of their SP and the interests of the shareholders. Unlike some I could mention.

On the contrary: a takeover/ buyout is what we're aiming for, just not based on the current SP.
I just don't want our dreams to turn into nightmares (I bet I'm not the only one over 25% down here)
You're right that this will play out, even if at the suggested 24p.
As for the bucket I hope it's way over the other side of a range of hills which lie across an ocean of oil.

Bigsmoke, GamblingAddict - I have always been positive about AMER and its future prospects, and remain so. I am, however, frustrated by the big red hole in my investment here. Looking forward it is plain to see that the company is advancing, albeit slower than many of us would like or expect, and accumulating future value.

However, I don't feel that the same attention is being given to 'protecting the rear' as the SP is, as suggested here, manipulated downwards, rendering the company dangerously vulnerable for the low-ball takeover.

On this basis I feel it's valid that GA's q4 should be bs's suggestion of the possibility of a SBB. If only to get an answer/reaction to it.

willec - exactly my thoughts.