Member Info for bigsmoke

When/where is it? Mid May?

PB pressed the 'down' button on that elevator.

for all we know they may have struck gold. we just don't know. had they struck oil and they they were doing further tests then news to that effect might have been helpful.

guess those PGs will come in this week.

but had other climbers cut their ropes?

https://www.malcysblog.com/2019/03/coro-ophir-savannah-amerisur-genel-aminex/

Amerisur Resources

AMER yesterday announced that it had exercised its right to first refusal on the Vestra sale of PUT-8 acreage to Gran Tierra Energy at a cost of $19.1m. The amount is easily funded from cash reserves built up in the last couple of years for just such an opportunity. Commitment is 3D seismic and a well when permission allows but much more importantly AMER get to put more oil down the OBA pipeline at financially beneficial economics. With the result from CPI-5 imminent and the Occidental deal bedding in I can think of few better investments in the sector.

You don’t have any VOG? Bought and sold in an hour on Christmas Eve?

So, for example, when on 31.12.18 “VOG back in with a very small amount. risk and reward profile good - still expecting funding news that might put the price under pressure but I will invest” then on 02.01.19 you said “closed my FTSE short and topped up. We’ll need more money but my risk and reward view remains the same. More positives than negatives from an investment perspective. End of year price 55p.” Was that Not you buying in?

Popcorn, tomatoes, eggs - we’re cooking up something unique here.

Named them Foo and Dik?

Must have hurt so bad, you decided to join and tell us that.

Not on Companies House https://beta.companieshouse.gov.uk/company/04030166/filing-history

hold on a min leas - a mandatory takeover could happen??

CD - hmmmm - do you think GTE are buying back to make room for a cash and share offer?

"And jtds just because a ceo says they won't raise cash doesn't mean they wont."
- we have all been there in AIM.

PP - our experiences of AIM companies must differ. when there is no coolaide left to drink then experience sadly dictates to be watchful. I don't find "a couple of numpties coming up with a hair brained idea on a bulletin board" and "small shareholders" particularly persuasive, plus, you don't know the holdings of posters. for all you know I could be JW's holdingco.

what i would say as a last input on share buyback - it would probably be ineffective for AMER anyway, as the autobots would be out restricting any rise!!

PP - "Share buy backs happen when that is the best way of using cash to increase shareholder value." - and also just to increase shareholder value! What's not to like there?

"I have no idea where the dilution idea came from for AMER" - c.f @wait @nicetomiceu etc..

"but don’t see it as credible" - IF, AMER keeps to plan. we are now heading into Q2 and soon and very soon, slippage, may be the only PR meal of the day.

Due to GTE ‘loss’, we suffer the rumblings of potential share issue; all the while memories of JW (perhaps) overselling linger on. The question is: who is having the last laugh here? Depending on overdue news all can be forgiven!

... with share buyback of up to 5% of share capital.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=GTE&ArticleCode=63jcpul0&ArticleHeadline=Transaction_in_Own_Shares