Member Info for Fevertreeman

So runners and riders: Oxy, GTE, the Indians for starters

The BoD had an obligation to the market to disclose the announcement s it is price sensitive. IMO this now kicks off a game that could last several month, involving who blinks first. having worked on deals like this, my guess is that the first offer will need to be substantial enough to try and deter others from entering the fray, and the BoD can rightly point to the fact that the sp fall has been on back of heavy II selling rather than any major change in fundamentals (beyond disillusionment with their management).

Totally agree with you. The business has (1) Cash (2) The pipeline (3) producing fields (4) Major partners (5) Substantial acreage (6) CPO

Still time to get back on board

I would have thought that the BoD will be keen to pump out updates

IMHO the BoD had thrown in the towel a while ago and were just looking for an exit. The Chairman and FD have been AWOL here for some time.

I said last week that Clarke was likely to be winding down/up his listed company activities, and we had the Ironveld announcement. the pity is that it is at this pitiful starting point - we'll see if they can generate an auction....

Who knows if they are in close period or not but it is 6 month since any of them bought any stock and you've got to go back to November for director buying at this level. Wtf is wrong with this group: massive disconnect between optimism expressed about 2019 and actual director support for the business. Suggests to me that many of the board don't believe the hype and they have been right not to catch this falling knife - stats on Morningstar show just how relentless the institutional selling pressure has been. And yet Clarke and Wardle refuse to acknowledge the extent of disillusionment

Buy of £50,000 just stamped

On balance is the next announcement good news or bad news for the sp do we think?

Well I wouldn't expect them to pony up themelves - MBOs usually involve bank financing

Here's a thought! Perhaps GC, JW and the Finance Director, whose name I refuse to remember on the basis he seems completely detached from the business, are planning to take the whole gig private and stitch up a deal away from peskey shareholders. They don't need to raise money (cash in bank) so why retain the listing; what deals they have done have been done for cash, and this would allow them to cash up but keep the business. MBO any one?

Lets hope so

That's cracking value destruction from Clarke and co.

No sooner does the share price show some buying activity it gets hit on the bid with a succession of sells. The fact is that the institutions are continuing to vote with their feet and there just isn't the buying firepower to stem/reverse the selling pressure. This is against a backdrop of sterling dropping to its lowest level (c$1.2418) against the dollar since Apr 2017!!!

As has been pointed out already, where's our transformational year!

Indeed...assuming there is oil to transport of course

I am increasingly of the view that the BOD has little appetite to commit to any proper drilling programme despite cash in the bank. Rather than E&P we now appear to be content with being a pipeline, production & property business. There is so little energy around this management team, as if they've given up any pretence of being an active exploration company, and are hoping that wheeler-dealing farm-outs plus their acreage and pipeline will prove utterly irresistible to a bigger company. Any thoughts?

Share price was 18.5p when Wardle warbled the following post Indico: "We are extremely encouraged by the progress made across our portfolio during 2018.....The activity we plan in CPO-5 and in our acreage in the Putumayo basin during 2019 has the potential to transform Amerisur - I have never been more excited by, or optimistic about the company's future."

That's interesting. I note by the way that Mr Piper is Head of Business Development and Comms and not the other way round!
IMO the most siginifcant news item its today's Ironveld RNS that Clarke is trying to sell. I think this is the starting gun for him gradually extracting himself from his listed company activities....so watch this space with Amer.