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RBC Capital Markets analyst Al Stanton said: "Amerisur's producing assets are low cost, onshore oil (Brent linked pricing) with infrastructure already in place, and the company has material exploration acreage in the Putumayo basin.
"In our view potential suitors could include Occidental (recent farm in partners), and Colombian focused E&P companies including Gran Tierra Energy, Parex Resources and Geopark-ONGC partnership."

37p NAV 70p unrisked.

Any offer will be north of 37p imo.

Mentioned on alpha chat in the financial times today

Any offer will to be accepted will need to be over 30p. Directors recently bought at 20p

Good statement, shame the slight delay but all on track. Good to see partner commitments, anyone buying now is getting a bargain as project looks like it will get the nod very soon.

Total over reaction here imo. Time table not changed. Using the dips to top up my holding.

Liberum put out a note earlier which might have caused today's interest:

"The analysts also said that they do not believe the recent weakness in copper prices has harmed the chances of the juniors, such as Asiamet Resources PLC (LON:ARS) and SolGold plc (LON:SOLG), being acquired, given the strength of the majors balance sheets."

https://www.proactiveinvestors.co.uk/companies/news/221969/liberum-ups-blue-chip-miner-antofagasta-to-hold-from-sell-says-would-not-now-be-short-of-copper-equities-221969.html

These are going to smash 2p and move upto 4p before end of June with news imminent. Good luck

From Edison report

Valuation: 207–458% premium to the share price

We calculate that Tulu Kapi is capable of generating free cash flow of c £48.0m a year for seven years, from 2021 to 2027. With average (maximum potential) dividends of 0.95p/share for the nine years from 2021 to 2029 inclusive (after deduction of a 55% ‘minority’ interest), and assuming the full conversion of KEFI’s £4m secured convertible loan facility, this implies a valuation for KEFI of 4.70p/share (at a 10% discount rate), rising to 5.69p/share in FY21. However, this valuation increases further, to 5.35p, in the event of the drawdown of only £3m of the convertible loan facility and the conversion of half of that into shares, and to 5.85p in the event that the whole facility is repaid in cash in the manner of conventional debt. Stated alternatively, assuming full drawdown and conversion, we estimate an investment in KEFI shares on 1 January 2019 at a price of 1.53p could generate an internal rate of return to investors of 36.8% over 11 years to 2029 in sterling terms. Note however, that this valuation is based on the projected dividend flow resulting from the execution of the Tulu Kapi project alone, and ignores the exploration and development of the pipeline of targets in the KEFI portfolio. In the event that KEFI is ultimately successful in leveraging its cash flow from the mine into its other assets in the region, our valuation rises to 8.53p/share.

Cantor reiterated its price target 15th June
June 15th 2019 Cantor Fitzgerald reiterates 15p process target.

Ok the following just shows how ludicrously undervalued Kefi is. This was from a broker note in Jan after ANS increased holding.

It would appear KEFI is reducing its stake by 4% in exchange for an
investment of US$8M. This implies 1% of the Project is worth US$2M.
Therefore, KEFI’s revised and residual 50% holding in TKGM has an implied
worth of US$100M, versus a current market capitalisation of ~US$13M.

This will rerate as investors realise how undervalued kefi is. Get in before the herd arrives. 4p is first target price before end of June.

Gold miner.. Assets alone are worth 6-8P... Cantor Fitzgerald reiterates 15p price target.

cash payment of £11m end of this month will be more then the market cap.

Sorry to hear about your loss. I can see it going back over 3p very soon. Good luck

Sorry for the off topic but I suggest holders have a look at kefi minerals. Extremely undervalued and expecting a rerate very soon. I still hold Greatland also Good luck

assets alone are worth 6-8P... Cantor Fitzgerald reiterates 15p price target.

cash payment of £11m end of this month will be more then the market cap. Strong Buy

15 million to Kefi per year is my understanding. Yes I agree big move north for the share price in coming weeks.

Cantor Fitzgerald reiterates 15p price target.

Excellent news today. This will be the start of a rise in the share price as this is massively undervalued. I will be buying tomorrow at this depressed price. Hopefully I get in below 1.7p. Good luck

Agree this transformational news has not reached the herd yet. I'm sure I read a broker note which had a price target of 15p. Good luck holders

Makes the anticipation even more exciting for Black Hills results. Greatland also have blocks further north which could hold mega discoveries.

Mega results next door to our block. Early days but stunning intercepts by Rio Tinto.Exciting times