RE: Contrary view22 Nov 2019 10:54
Whilst I have never posted on the BB, I have followed the various comments with interest. I have held Amerisur shares since the Chaco days and have a similar number to Superdad. Like many I have been appalled by the Board recommendation which I feel has been pushed on them by the likes of Michinoko.
Like Superdad, JTD and others I have a number of questions on why "on the face of it" this offer is recommended. The Board have themselves substantial holdings in the company so they will suffer their greedy selves for such a low share price sell out.
Is the price offered by Geopark right? If so over the years has there been some "creative accounting" by the Board. I was an MD of a small Plc and understand how it works.
The deals done to increase asset value over the last year appear commendable, but it must be remembered the jewel in the crown COP 5 is not operated by us and as shown we are merely "puppets on a string".
Why to date after exhaustive in depth presentations to a "multitude" of interested parties do we come to the present and only offer? Have they all looked and walked away as not worth more? Time will tell.
It would be an honest thing to do for the BOD to explain their reasoning behind the recommendation but with the history of this shower it will not happen.
I am not trying to be negative but just think that these and no doubt other questions need answers to in order to be able to make a rational decision
Torreblanca