Member Info for Baxi44

Has anyone followed Lucypoop's suggestion (over on ADVFN) to email the FCA, questioning the suspicious behaviours of the BoD?
Simple copy and paste.
It's a long shot but if enough conerns are formally registered, then perhaps they will be prompted to closley scrutinise the deal.

If this offer goes through, then the price is crystallised. If the offer fails, and everyone walks away, then we live to fight another day, even if the SP retreats to 12p!
Don't forget the SP was walked down from 20p to 12p due to RH dripping vast numbers of shares into the market.
I reiterate that it is essential not to lose sight of the fundamentals:
Amer is producing at over 6,400 bopd.
We have significant infrastructure ownership.
Between the estimated value of the CPO-5, Platanillo, OBA, Oxy carry, and cash, the net asset value of Amerisur is roughly US$670 million. The Geo offer vales the company at US$315 million - an implied discount of over 50%.
And when you dial in the $60m cash balance, the offer is actually worth 16p a share !!!

gettingpoorer
You are, of course, entitled to your opinion and I apologise if my comment caused distress. I suppose, in the present febrile atmosphere I am deeply suspicious of posts on BBs that appear to undermine the battle ahead, that some of us are prepared to join (if there is to be one!).
If my decsion was to cash in my chips, I would simply get on with it and dispose of my holding without further public comment - but that's just my way, and I should, perhaps, be more accommodating of others' ways. Peace!

Then just move on gettingpoorer and save your keyboard time
Then leave the rest of us it.

Mathurin
Totally disagree.
In a nutshell, the PIs are being stiffed!
The net asset value of Amerisur roughly comes to the neighbourhood of US$670 million. By paying US$315 million, GeoPark gains the control of assets at an implied discount of over 50%.
And when you strip out the $60m cash balance, the offer is actually worth 16p a share !!!
Certainly GC and NH must go (particularly after strongly recommending 'no action' from PIs whilst they negotiated a sell out) - but JW could surely be induced to remain to develop what still, fundamentally remains a very sound company with outstanding protential. Why ever would you move on from that? IIs please take note!

Duncando
Please email moneylender@gmx.com with the number of shares you own.

Superdad.
Thank you for the courtesy of your response
Unfortunately, I no longer share your belief, or confidence, in the Board – quite the contrary!
Much of their “considerable stake in the company” has been acquired by means of – in the view of many investors - over-generous share options; and some key players apparently have little ‘skin in the game’.
Nor do I share your faith in “trusting ‘experts’ to determine the fate of my investments” over considering the views of well informed and experienced investors on this , and other, BBs. I have paid the price of trusting experts!
It is important to remember that this is not a distress / fire sale!
Amerisur is producing at over 6,400 bopd and has significant infrastructure ownership. Between the estimated value of the CPO-5, Platanillo, OBA, Oxy carry, and cash, the net asset value of Amerisur roughly comes to the neighbourhood of US$670 million. By paying US$315 million, GeoPark gains the control of assets at an implied discount of over 50%.
And when you strip out the $60m cash balance, the offer is actually worth 16p a share.
There seems little doubt that ONGC have been deliberately dragging their heels on COP-5 – with the consequent negative impact on the SP - and the reason for this could be a post-sale redistribution of assets.
To quote the CEO of GeoPark “"GeoPark and ONGC…the operator of the CPO-5 block, have a long term strategic alliance to acquire a portfolio of projects across Latin America. ONGC brings significant operating knowledge and expertise to the CPO-5 project. "
https://www.geo-park.com/files/releases/GeoPark_Announces_Amerisur_Acquisition__Final_002_EN_1.pdf
You go on to say: “What you are doing is voting down and probably removing the board.
Who will then run the company and how will you realise more value than the best offer anyone has given for the company?”.
I really find it hard to believe that the Board, which has a long established history of enlightened self interest, would walk away and forego any share awards that are performance related. Just doesn’t run true to form!
I also find it hard to believe that a group of IIs, faced with a potential 2x – 5x relatively short-term ROI could not recruit an effective team to effectively manage and fully exploit this outstanding investment opportunity. In fact, given the appalling operational track record of the current management, a change would be highly desirable.
I therefore strongly urge all investors – and I include IIs who may be reading this - to support ML’s campaign and ensure that this lamentable offer is robustly rejected, so that we can, in time, realise the full value of our investment.

Superdad,
I bow to your significant City experience but I would, respectfully, put this point to you.
You say "if you vote it down the Board will resign and the shares will plummet.", and that could wll be the case (bearing in mind that some have invested their own funds, so they may reconsider that optiion).
But if we support the bid, then we crystalise the value of our investments at, what some well informed and highly respected posters consider to be, substantailly below their true value.
Alternatively, if we vote against the offer - which I intend doing - we continue to remain invested in a debt free, cash rich, company with high value assets in a low cost oil producing area. The shares may well plummet but, if we are to believe the data, this will only be a relatively short term (for LTIs) phenomenon and, as a long term investor in Amer, I am in for the long haul. I would therefore strongly urge all PI's (and any IIs that may be reading this) to support ML's campaign and robustly oppose the bid.

Probably! But, going off the form book, Niles, are you really surprised?

A point possibly worth noting.
My brokers have advised that, as my account is 'execution only', they will follow my instructions to vote to reject the bid. However, he did mention that, in the case of 'managed' or 'discretionary' accounts, the investment manager may decide on which way to vote.
Might be worth checking your status, if you intend voting against the offer.

Correction to my last!
DavidWK is correct (and not Lonestag).
Apols all round for the confusion - late at night :(

Lonestag
Thank you for your intervention. I fully endorse your statement.
I contacted my brokers this morning specifically to clarify this point. They hold my shares in an 'execution only' nominee account and assured me that, following my instructions, they will vote against the proposed deal, and that each share will count as an individual vote.
I would strongly urge all shareholders to support ML's initiative.

MoneyLender sent.
Excellent initiative. I hope you overcome inertia and muster significant PI support

I have just over 1 million - I'm up for a fight, if there's one going!