Member Info for BumblingFool

Sorry poor English on my part expecting the RNS to land Monday morning, I expect the SP to kick on! I�m quietly hopeful we will be closer to 8k bod than 7 but we will see.

Expect this to drop 0700 Monday. I’m hopeful with plat 25, plat 27 and cpo5 we should exceed the 7k exit target. Hopefully SP will hold up around 19p this week and push on next week after the update.

http://www.thesharehub.com

Well Master looks like you’ve timed it perfectly!

Master It was a link to an article stating 45p target. 45 seems very positive to me given how stagnant this has been. My view expressed on Ukog was assuming we were going to get the expected flow results. The RNS today was not the hoped for one! My calls have been a mixed bag so far Pfc good Isat bad Ukog wait and see I’m small ther Sres wait and see small there too Amer I’m heavily invested (for me) it’s a wait too! My others haven’t been to spectacular either way this year.

http://www.proactiveinvestors.co.uk/companies/news/170879/amerisur-top-pick-for-2017-170879.html

Hi Daz If you look back over the monthly production figures you will see lost days due to ‘social issues’. This seems to be an ongoing issue although my understanding is that there is less trouble than there was. I think it’s a significant factor that holds SP back. But wit productivity increasing month on month it has to relate sooner rather than later. I hope to de-risk my holding by 1/3 around 24p which seems realistic in next few months to me. The other 2/3 I plan to ride out as I think it’s worth the risk for the potential return.

Really positive day. Half day tomorrow be nice to see this kick on and squeeze the shorts

We’ve been ready for months

240p! I’ll nearly break even!

Always so quiet here. Not enough volatility for the traders I guess.

Yes PFC has been a saviour for me, I’m up there as much as I am down here. My best move might be to sell there and put it all in here but I am not brave enough to do that! I sold some here at a significant loss at 485 to put in AMER before last monthly update expecting a quick jump and then back in here at lower SP. But despite increased production there the SP has fallen! So stuck now till Jan update, that will move it for sure! If I can get these ducks in a row in time it will be all good!

I’d be excited and chatty if I was buying in at this level, but as things stand I’m way down here! I’m actually hoping now it’s this low it stays here for another month so I can free funds and average down a bit before the enivitable climb.

Someone selling into yesterday’s rise.

Looking back at the investor presentation from February where they say “Target 20,000 barrels net per day by end 2019” This may be not be achieved, but the drilling program along with Mariposa, it could be. My question is.. if we achieve that where will we be in terms of Mcap/sp x3? X5?

Hi Roke Not really any derampers here, insufficient volatility to attract them! The major downside here is the SP refusing to react to an ever improving business. Why that is, is a subject of much debate, linked to persistent distressed sellers and general market sentiment due to underdeliving in the past, Will it re-rate? Should do, but not on potential, only on delivery in my view. Fortunately delivery is happening now and will continue in the next months/year by the look of things. Current price, lack of debt and level of production makes for a low risk investment in my view with a considerable upside. Please don’t invest on this view alone, research yourself and look back through this board as there is many well informed and researched posts here and a surprising lack of drivel

Drilled and soon to be in production. Steady progress continues

It’s been 15% to 25% most of the time when I’ve looked think 10% the smallest I’ve seen. There are very few trades each day. That said the spread put me off the other day and I could have bought at .157 which loks cheep now and that was before the fundraise

Hi Kels I’ve already been accused of being a deramper here so I’ll deal with the negatives, the positives already outlined by Dubs Sg and Fulmar. I share their views and that’s why I’m here. The downside for me is the low liquidity and huge spread which ties you in. 20% rises have taken me back to break even. Looking back over the history of the company there seems to have been a focus on too many projects at the same time, Without sufficient focus to get a decent steady income. Seems that the company loved the chase of discovery and loses interest to some degree once its found what it was looking for. The current focus appears to be a departure from that history with a concerted effort to get producing! There is a lot of ppl here who are heavily invested and have been in here for a long time, so they may put me straight, if my assessment is off. I’m in small, I’ve nearly added more significantly a few times but so far haven’t pulled the trigger, most likely I will maintain this holding long term and see what happens.

I added here today at .1699 took a little loss elsewhere to free up the funds but think I’ll cover that and some here.