Member Info for GamblingAddict

Totally understand JTD. I will find it quite difficult keeping my gob shut.
Thanks for replying. Good luck with future investments.
This board has been quite professional throughout.

Boris should change the voting boundaries to reflect the number of votes cast. How can 48 seats be right for only 4% of the total votes cast. It’s a joke.

Sorry guys. Not AGM. Court and GM

I shall be the guy with my old Levellers t-shirt depicting a large pig on the front.
Well that’s if I can find it.
Another choice would be my Pete and the Pirates t-shirt, though not sure who Pete is in this instance. Quite clear who the Pirates are.

R U going to the meeting?

I agree with that, which is why I am trying to get a definitive answer to that.
I have not voted by proxy yet as I think attending and being able to vote by hand is the key.
Anyone who has voted by proxy cannot vote by show of hands as well.

to marketabusepolicy
Amerisur Resources Plc. URGENT
On Thursday 19th December, this Company is holding a Court meeting and a General Meeting immediately thereafter to decide a BoD agreed takeover by GeoPark at a price of 19.21p per share.
This all resulted from an unexpected speculative offer from Maurel & Prom at the derisory offer equivalent to 17p per share (shares plus cash) which the Company stated "Seriously Undervalued" the Company.
The Company then decided to enter a Strategic Review period to determine a satisfactory sale outcome.
The process entertained "multiple participants" which suggested a keen interest to buy.
During the process, the Company decided to exclude any shares plus cash options, thereby limiting the field to those that could muster sufficient cash resources.
This in itself may have been detrimental to all shareholders as the Company decided to recommend this paltry offer.

Paragragh Deleted from email due to poor wording.
Better wording of the paragraph
ONGC Videsh and Occidental are two major oil producers in Colombia who have a serious strategic and financial involvement with Amerisur. It is inconceivable, IMHO, that both these Companies would not be showing a very keen interest in bidding well above the recommended offer.

All these Companies are very involved with Columbian Oil assets.
Amerisur are a very profitable company with no debt and circa $50m in the bank.
This Strategic Process leading to an unacceptable offer is totally unnecessary as it is not a "fire" sale.
Clearly we may vote down this offer, but it does change the fact that the information provided to investors about the process and current trading activity has been NIL!!!!

My question is: if this deal gets cleared to go ahead and you subsequently find some "market abuse" activity, DO YOU HAVE THE POWER TO STOP THIS DEAL?

I will also add that at the last AGM the Company, when asked, flatly refused to provide the voting % for and against. This is very unprofessional.

One of my big concerns is about these voting arrangements and how can we be sure that the votes counted is done honestly.
I have contacted Amerisur by email and received no replies to my questions.
I have contacted the registrars to get an answer from the Company, no answers since 29.11.19.
Please read RNS dated 28.11.19 section Action Required, para one. It is so badly worded especially using the words "in value". What does that mean.
So I am not sure how a show of hands works in conjunction with the proxy votes!
Can you help please.

Apologies all. Maybe FCA can do something! had a call from them today correcting their comments, inviting me to send my concerns to marketabusepolicy@fca.org.uk.
Whether anything comes of it remains to be seen. If they are anything like utility regulators, they will be pretty useless.
I may publish my comments in a new message, though I am just concerned about some of my comments as to whether they be construed as defamatory.
Please send your comments in as it may add weight to a possible investigation.
I have said that there are many P I 's with similar views to mine.

Just speaking with FCA now. Not under their jurisdiction. So forget that.
Only choice is to complain to the Company and get legal advice from Citizens Advice for any possible misconduct.
Waste of time.

Thanks for info M20ASH.
Just listened to Kerim and as always, he comes over as very relaxed and in control.
What is amazing is that over the years I can only remember positive announcements from AAU.
I hope I am around for enough years to see this blossom as we would all like.

Now Venus Minerals. Interesting that this appears to be almost wholly on Greek territory.

Look at TSX:GTE as this is where you trade. No real changes since qtr results.
The LON price is crap. II and HL GTE transactions are based on TSX.

Actually it must me voting record time 17 dec. which is after the deadline for proxy vote.

All the dates are in the latest rns, I think.
What is not clear to me is what is the cut off date for share holdings to vote, which makes me wonder about the voting system as mentioned earlier.

I know this Court voting is different, but I never understood the collation of proxy votes v show of hands at the AGM. If all at the agm voted no then would the proxy votes be taken into account.
I cannot remember an example of a minority of hands showing.

I unclear how my vote will be counted, as one vote per person or by number of shares I have.
I have asked the registrars their understanding of para one, action required in the scheme rns.
They do not know the answer so I have asked them to clarify with AMER. I explained that AMER will not communicate with me ..... vis a vis my emails not answered.
The words .... representing not less than 75 per cent. IN VALUE ......
what utter crap wording.

I must interrupt this meeting before it even starts to say how delighted I am to have been able to use my Senior Railcard and save £6, and then vote at the meeting to lose £’oooooo’s!
What a great day I will have.

It’s so disappointing that we are not allowed to know the details of this process. Also whilst this has happened and even now a formal bid is accepted, we have no operational update whatsoever.
It is so convenient for the BoD who have all this knowledge when we are meant to be the important people ...... the shareholders.

The BoD have no justification at all for accepting a bid that “seriously undervalues” this profitable business. Do they think they are no longer capable of running this business to make it a screaming success. Makes no sense at all unless JW has been offered a lucrative role within GeoPark.
Come clean BoD and explain this extraordinary outcome.

Either Court meeting or General Meeting.
Do we vote at a Court meeting. I do not understand whether we are able to vote to stop this, or get bypassed.
Speaking with another PLC contact, it was suggested that the show of hands at an AGM, if majority approve, makes the proxy votes a non event.
Therefore I am thinking that meeting attendance to vote is essential. Will it be in Wales or Columbia?
Do we attend “court” ..... really do not understand, though all should be clear when docs issued.