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Colonel D I would happily accept 24p a share right now and walk away with a great pay off. I would also be happy to accept a share deal bid from GTE on the basis that I believe there is oil in them thar hills of Colombia....

What is exasperating is to be back at 14p when the price of oil is up and AMER pumping 4000 bopd!.

24p bring it on!

Apparently so! Glad I purchased more last week!

From today's FT below, imo if Amerisur can find some more oil and get production up to say 10,000 bopd by year end then the sp should double but even at 4000 bopd 14p seems under-priced or am I missing something?

"Can the oil rally keep on running? The short answer is yes. 

Brent crude oil hit a new high for the year last week, reaching almost $72 a barrel and taking gains since prices bottomed in late December to more than 35 per cent. Looking ahead, there is room for more upward movement in the oil price. 

Forecasts from all the major energy bodies, including Opec and the International Energy Agency, confirmed last week that the market is now in a supply deficit. That is due to a combination of intentional supply cuts — particularly from Saudi Arabia — and the drop in output from Venezuela and Iran, which have been hit by US sanctions.

It is, however, worth noting that prices are still well below the four-year high of $86 a barrel in October, which is mostly down to the long-term shift in the market brought on by the US shale industry."

Tried to buy 2 packages of 6,000 shares for our childrens SIPs and had to leave a fill or kill order as HL unable to offer a price. Suggests market makers busy this morning trading SUMM? Or HL a crap platform? I believe the former, the RNS promising, that said what works on animals might not pass phase three trials on humans.

Glad to be in on this product at these prices and optimistic.

Yellow Cake http://www.world-nuclear-news.org/Articles/Yellow-Cake-announces-next-uranium-purchase

New Nuclear http://www.world-nuclear-news.org/New-Nuclear

Who needs German Reactors?

Matnotan......If Spain wants to ignore the riches beneath its own soil then so be it but the spot price of Uranium is up as are the share prices of those miners left in production.

Uranium is starting a Bull run but Spain is led by donkeys.

Once people in Madrid figure out what Salamanca is worth they will grant permits and bury the Green Eco Idiots.

http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=28901603&ArticleHeadline=Yellow_Cake_raises_26m_to_invest_in_uranium

"Anadarko accepted Chevron’s bid after rejecting a rival approach from Occidental Petroleum, on the grounds that there was a higher risk the deal would have fallen apart, according to two people familiar with the matter."

The above from today's FT so Occidental not quite up to grabbing Anadarko but you can rest assured they will swallow AMER in one gulp if maybe 3 out of the 5 holes due to be drilled in 2019 hit oil.

Not a fan of share buy backs but the timing is interesting. Holding and hoping!

Shatter.....and then there was! Bugger!

Robust? Spain is corrupt from the Royal Family down. It is much easier to live with this once you realise most of them think like sub Saharan Africans.

Been here a while and suffered the downs and downs but now news and 8% up, just enjoying the ride!

Happy weekend fellow share holders.

http://www.world-nuclear-news.org/Articles/Spain,-UAE-plan-cooperation-in-fuel-services

Better link, worth reading.

http://www.world-nuclear-news.org/Articles/Spain,-UAE-plan-cooperation-in-fuel-services

Spain is so stupid it agrees to a fuel co operation deal with the Middle East while blocking its own uranium mine!

Delighted that crews are making their feelings felt. They were shareholders and stakeholders in the business until Stobart and Virgin stole it from them

I am newer to the company buying last year and seeing it drop further but just topped up with another 5,000 shares at market close as I feel your faith is well placed. Antibiotics going to be an important part of big pharma making SUMM a target for a bid.

Uranium Market: The Background For Potential Investment In Cameco https://seekingalpha.com/article/4252305?source=ansh $CCJ, $YLLXF

"Ladies and gentlemen roll up and watch Spain throw away money, energy security, jobs and a uranium mine, roll up, roll up and enjoy the show...."

So two minutes ago I purchased 50,000 AMER, will be interesting to see if it is recorded as a red or blue figure.

Remain a fan, frustrated by dry well but believe that there is oil under their acreage and by end of year sp will be higher.

https://seekingalpha.com/news/3446855-crude-prices-resume-upward-march-toward-best-quarter-decade

Oil enjoys best quarter in a decade.....not here though!

Financial Highlights

Chris make a good point below re paper profit and how they might fund raise but a great deal, excuse the pun, can happen in a year.....

The Financial Highlights encouraging imo.

Net proceeds of $24.4 million (£19.2 million) received from the sale of American Depositary Shares in a private placement that completed in January 2019.

Profit for the year ended 31 January 2019 of £7.5 million compared to a loss of £20.2 million for the year ended 31 January 2018.

Cash and cash equivalents at 31 January 2019 of £26.9 million compared to £20.1 million at 31 January 2018.

British bookmakers take punt on US - https://on.ft.com/2U66Dot via @FT

Meh! Maybe....