Good luck to all LTH10 Aug 2019 06:12
I've been here for 3-4 years since the early days of the OBA conception, and shall we say "delivery".
It's been a tough time for longer term holders, the guys that got in at 12p have done exceptionally well when sentiment was at an all time low.
The BoD have delivered some great wins during the downturn but their failure to build production in other areas has been the problem.
Think under different management we would have seen a multiple of todays share price, the acreage obtained has been largely undeveloped.
I would say listen to the board, now is the time to hold, this story won't be over within a week, we are still cheap. Hopeful for an actual bid within the coming weeks as companies digest the inside information, do think the company will be broken up which should give us a decent return given the current mcap.
Baysil, the one downside to Amerisur selling up is I will no longer be able to see your insightful predictions and information sharing, one of the few things that has kept me looking on here everyday.
Hope some of the LTHs that are no longer with us will be sending us some divine intervention.
Since everyone has had a prediction, my predicted take out price is 32p to knock us out the park. We hit 30p after the OBA got up and running, I don't see why we would not be worth at least this given the lift costs and future expansion opportunities.
This will be my last oil company investment bar BP, the sector is unloved and the major's need to diversify to come back into favour, while the world still needs oil, the climate change will become more apparent with extremes of weather, Energy usage isn't going to go down, but we need a solution to the amount of CO2 we are putting into the atmosphere. I don't have it but who knows what scientific advancements are round the corner. Helium 3 mines on the moon unlocking potential for cold fusion, we are lucky to live in a lifetime where this could be possible.
GLA.
Niles
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