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That’s devastated and gutted in the same word.
My busiest day of the year and the board drop this pitiful recommendation on us. I’m only glad I was ignorant enough to think they might prove true value, in turn buying so many shares to have averaged down enough to make a small profit. My sympathies go out to those who are left with a loss and I hope they can recoup elsewhere. I was a bull through and through and I’m not naive enough to think that my minimal posting persuaded anyone to buy but I would like to state it was always with pure intent. Disappointed doesn’t scratch the surface.
I’ve given up the stance that the longer it takes news to drop, the better the news will be, whether that’s in relation to drills or FSPs. I understand the logic of the assumption but Amerisur have never been forthcoming with bad news. I don’t think they’ve ever “ripped the bandaid off” but rather prefer to let it soak until they have a lollipop to divert you’re attention.
That’s not to say that I think the outcome of the FSP will be a negative one, quite the opposite. I still have high hopes for my 37p target price.
GLA.
It’s a shame that we might never see Bays write HNY on a post within the socially accepted timeframe for doing so ever again.
An 8.5 RNS at 07:00am on a Friday is just mean.
Which should serve to highlight further the benefits of the OBA being buried and in turn a lot less prone to these attacks.
Which should serve to highlight further the benefits of the OBA being buried and in turn a lot less prone to these attacks.
I would caution against setting a date, even a speculative one. If in four weeks time there is still no news then you will be chomping at the bit. I however will be satisfied that it still hasn’t reached my 40th birthday, the time frame I’ve allocated for the FSP.
I should add that we are dealing with Amerisur and potentially and hopefully ONGC.
And also that I am not yet 30.
There’s been talk of offers not being accepted with the FSP coming to nothing and in turn aggressive take overs being orchestrated. I lean towards the view that Michinoko have forced this FSP, as with Ironvelds. Even if Michinoko didn’t force the FSP it would definitely seem that somebody wants their money out of both companies and are happy to wait a short while to maximise their profits.
If that is the case then I would imagine they will accept the best deal presented. I could of course be wrong but if I’m right then the only remaining question is what that deal is. A hell of a mark up from what is currently being offered, imo.
I’m so overweight here I should have a gastric band fitted, I literally have to fight the temptation to add more on a daily basis. I keep thinking back to July when it was bobbing along around the 12p mark and thinking to myself why am I not buying more, this is free money at these prices. I didn’t, I luckily managed to pick some up around 14.9p when the news dropped but I hope that lots of us will be kicking ourselves come Christmas for not buying more at these levels. There is rarely such a thing as free money but this certainly seems like it to me.
Much appreciated bigsmoke, my own brows have been furrowed many times since 2015 when I first bought for 36p, thankfully I have averaged down to 18p at various stages along the way. Your vocal furrow-browing has been the catalyst for many discussions and a little humour along the way. Although there have undoubtedly been many failings since 2015, the board have added exceptional value in that time. The market hasn’t shown it for reasons we all know but I hope with a little resilience from all investors concerned that a competitive bidding process will take place and that Amerisurs true value will be realised.
My hope for a take out price is anything over 36.28p, the price I first paid for Amer stock and a price aligned with recent valuations.
I would have liked to see our assests developed further before a takeout but hey ho, we’re a small fish guarding one hell of a pearl in a sea of ever increasing sharks. It was only a matter of time before we got gobbled up.
How exactly do you filter someone Rossannan? I look forward to reading this board every day, the level of knowledge and insight I have gained from some of the fantastic posters has been invaluable. Luckcounts has been great for posting the firm facts that make this such an excellent opportunity on a daily basis for any new investors that might be interested. I rarely comment because I don't have much to contribute but I read everything and there is no other poster on this board who's opinion I do not value. I am extremely bored of you however. I look forward to seeing new comments posted and yet find myself disheartened every time I see another comment and it turns out to be an exact replica of your previous. Please enlighten me as to how I can filter you so I can do so with immediate effect.
Purely speculation at this stage but Amer are known for coupling positive news with bad news to soften the blow. Surely if they had known or had any indication that Sol would be a duster then they’d have held all or part of today’s RNS back to release it at the same time as Sol news?
BBN hitting the nail on the head as usual. This is surely a precursor to the OXY deal with the big news being that we are now licensed to transport third party oil, I.e OXYs future oil, and not that we are making a few bucks on the side.
Thanks LC.
My thoughts exactly JP2000. I would be scared if it was 5000 BOPD as this would suggest that spare capacity wasn’t required for our own production later in the year.
I seem unable to find the RNS in this BB, the company website or my HL app. Can anyone forward a link? Much appreciated.
Couldn’t have said it better BBN, I add my deepest condolences to the family, friends and colleagues.
Disappointing result which couldn’t have come at a busier time for me. Biggest disappointment however is plowing all the spare money I had into AMER before the result leaving me with little to average down with now. Lesson learned. I’ve managed to buy a few more today averaging down to just over 18p. I expect it’ll not be long before that is passed.
So many have said it here and I concur that the fundamentals have yet to change. 15-20% drop on Calao being dry is purely sentiment. Those with available funds buy, those without available funds sit tight and those without patience who have sold, I thank you for the top up below 14p. I didn’t think I’d have an opportunity to do that again so much appreciated.
It’s maybe a bit premature to start a witch hunt on the BOD just yet. Frustrations are understandable however considering AMERs consistent history of over promising and under delivering. JW freely giving a timescale for this drill which hasn’t been adhered to doesn’t help in investor confindence. If Calao does come in dry, however unlikely, and the two recent RNS’S were an attempt to soften the blow then a lot of investors will lose faith as many have before. Willecs earlier comment “This share is a joke, so much good news and can't break 17p.” is a prime example. If it is a gusher and the lack of update is ONGC enforced for extra testing or whatever then investors will naturally be sympathetic.
I hope that ONGC lifting AMER under one armpit and OXY lifting them under the other will have all of us LTHs escorted to the bank, preferably without someone trying to mug us with a 20-40p takeover on the way.
Would that not add credence to bigsmoke and co’s buyback suggestion to try and bolster the price against such attacks?
At 51.25 minutes**
Shared on the ADVFN board yesterday, Malcy talking about Amer at
https:// audioboom. com/posts/7198407-reabold-resources-oil-discovery-full-time-trader-ian-murphy-plus-o-g-specialist-malcy
I would imagine that higher price has little to do with market sentiment and more to do with geopolitical change. The first deal was done one month after the ceasefire, the second two and a half years after. Price of oil also considerably lower in 2016.