Member Info for Wolster

Well thats cleared that up then, must lob more funds at this gem, maybe ill be able to prop up the share price with my investment. Cause carn't see the BOD (hell of alot more draining the coffers than JW(who is the best of the lot of them)) doing anything to prop up the sp.

Whilst you would say why should they care about the SP as long as they concentrate on the business.

I would say they seem to be expanding the business at about the same rate as their director remuneration pots, what a lovely basis to earn piles of cash whilst not giving a crap about the shareholders.

Wheres our transformational year, wheres our lake of oil, wheres our 2nd rig. In fact where the f*** are our BOD ?

I rather think we have a bunch of monkeys (JW aside) running this business, being paid like rockstars.

Seriously they must be sitting round the boardroom table counting the cash in the bank, thinking how do we extract that pile of notes into our pockets vs the shareholders.

Whilst they await Oxy or the Indians to come do some work on their behalf.

The real problem Juxtapose is everyone is so one sided focused.

Lets take your post, not a single mention of shares for the boys, or large director remuneration.

I find share supporters here often convieniently miss these facts.

Just like the posters knocking the share miss off much of the facts you raise.

I utterly dispise our BOD, that last tranch of free shares for the boys whilst the Share Price tanked was pretty much the last straw for me.

The subsequent failure to block/mitigate unjustified director remuneration packages at the last shareholder meeting was iceing on the cake.

So im banking on CPO-5 only to get me out of this mess, & thankfully they are heading back to the mother load, rather than ****ing about on the edges (tho not BOD fault).

OMG tho bring on the takeover & sack the lot of them.

Quality response & I respect your opinion.

I also agree with you to a large extent.

I believe that the BCN case could rocket on an RNS to the effect of funding secured no need to tap investors, but yes the risk is there that that wont occur & could therefore crash - so High Risk.

With Amer, I agree value seems more in the takeover vs internal growth, I suppose the risk is this doesnt happen & the SP stays static for eternity.

Really the question is not which I would choose, but which would an II choose.

Appologies for posting anything none Amer on the forum, as I do value the opinions of most on this board.

Ok here is as I see it & its gonna be controversial - but my honest assessment.

Ive got new funds to invest, I principly own 2 main stocks currently Amer & BCN.
Which do I choose:-
Amer
-Pros
Highly Undervalued at current SP based on existing assets (if sentiment shifted could double).
Good oil shows in CPO-5 with large potential reserves.
Good tie ins with other oil majors for expanding our other acreage.
Cheap export of oil via OBA.
Minimal chance of significant SP drop from here(but suppose possible on dusters)
Chance of Amer Buy out (possible could double current SP)
Chance of share buy back.
-Cons
Oil currently out of fashion & isn't likely to ever get back in fashion, in fact could get worse
Amer directors (need I say more)
Any good action in future possible to get sold into by some exiting party.
Slow acreage development - could take yrs to fulfill potential.

BCN
-Pros
SP is currently VERY low compared with potential.
If all plans are acheived SP could be multi bagger & far in excess to Amer(2yrs timeline similar to Amer development)
Market sentiment is on the side of Lithium vs against oil.
Constant news reports of electric this & that all positive & all negative to oil.
Has a secondary European site in addition to the main Mexico site earmarked for floatation.
Has backing from Largest chinese Lithium producer in world & 100% of Lithium offtake pre sold at commercial rates.
Lithium price per tonne likely to increase between now & production (2yrs away)
Cons
Chinese validation of current signed deal required (end of mth)
Further capital investment maybe needed to build the 420m plant - which may come from investors.
Lithium prices may collapse (im not thinkin likely but well)
Project is 2 yrs from ever getting anysubstantial Lithium out of the ground & alot can happen in 2yrs.
New Technology could replace Lithium (it would have to scale up well so i doubt it)

There you go, in summary safer but potentially lower return over 2 yrs Amer (tho still has risks & shitty Directors) or potentially riskier (tho some mitigation) & massive returns of the level retirement beckons.

Wouldn't get to excited yet, we saw what the traders did last week with this share.

If it holds 5% at the end of the day im happy & let it ride up slow & steady.

Wonder if any chinese loans (im thinkin belt & road style monies) would be available or cheaper/bigger than existing loan facilities prior to the deal being done.
You would think Ganfeng would have contacts & leverage in the financing sections of the government.

The tone of that article seems alot skewed to the negative & the errors in it further paint a worse picture.
Sort of indicates its chances of being passed are far lower than in reality.
I am certain Ganfeng have alot more experience than anyone in the world in Lithium mining deals & getting them passed by Chinese authorities. They seemed to be determined to corner the Lithium market (& so does china for that matter) & they hace extracted a good deal for themselves out of BCN to facilitate that.

Seems alot of smoke & mirror tactics to part us from our shares imo.

Just

To me it just tested the 40p bottom barrier & soundly bounced off it.

Makes sense, prior to the news 40p was our upper barrier & lots bought in around that point.

Did I misread back somewhere that Cadence holding was abit of a grudge/falling out issue.

If so I wonder if that was the reason for the Friday afternoon(vs Monday morning) release of the key agreement being signed, so the ineviable rise may not be a pronounced & therefore not raise them as much cash on the sell off.

I could be clutching at straws obviously.

I have started buying more, its being forced down, it'll spring back soon enough.

MM's playing a blinder, helped by the profit takers.

I was expecting a tree shake not a cyclone, but the potential is larger than the ususual so I suppose it should be expected.

These shares will be so valuable soon, all it takes is some Institutional investor to think I need more exposure to Electric Storage (even if they arn't already in the backgound gathering).

I think we all surprised.

But when your in the trenches its difficult to see the whole battlefield & when have the MM's & AI traders ever given easy gains.

Think we have a long upward battle ahead no point worrying about day 2, on a 2 year build plan.

I may have had a tipple.

I think the relief of a gain sent me over the edge (tbh I was expecting a storming day today as well - but the MM's have once again locked me down(how on earth I should moan tho 10% this morning if it had been in Amer i'd be over the moon)last mention of None Amer on an Amer board from me tho)

Im sticking with Amer with half my initial stake, as like you I believe in the future still.

But my early days conviction of Amer being the ONE to get me to retirement has been dampened down a little.

Hopefully my original stake could make a return before further major CPO-5 updates land, im not expecting great shakes here till another month at the minimium, tho what do I know.

One other thing worth saying prior to the carnage of Monday is, just remember we PI's suffer alot at the hands of the MM's, the AI traders & the deramping shorter scum & you have all just held your nerve through the riskiest part of this whole investment cycle, it would be a shame if having done that you now fall at the first tree shake (if you feelyou maybe tempted to make a quick buck turn off your PC for the day - though what a shame not to watch your investment blossom before your eyes) - Just dont sell cheap, make them bleed for your retirement(vs them bleedin you out of it), how often does this opportunity hand itself to the average PI - enjoy the moment. GL all.

Ok so I see alot of the $1.7b NPV being used, can we all start to move onto where this SP is likely to be now & expectations going forward.
@47p MV = £65m.
Stage 1
17,500 tonnes @ $11,000 less Production Costs $4,000 = $7,000 =Annual Gross Profit $122m.
Stage 2
35,000tonnes @ $7,000 = Annual GP $245m.

Obviously considerable costs will need to be accounted for below the line (of which none of us will yet know an accurate build up) (inc tax - tho I would imagine some losses b/fwd & substantial capital allowances would assist in the initial years)

Valuing a company.

On a NET profit generating basis.

On a reserves in the ground basis.

On a potential dividend basis.

All could give wildly different values, thoughts on this folks maybe highly useful before the Monday carnage.

A little harsh tbf.

Its not like I havent suffered alongside the rest of you at the hands of the II selling & my personnal bugbear the greedy directors taking free shares when we shareholders are already being kicked to the floor.

Its also not like I didn't moan about it up front at the time either, its just I decided enough was enough & for once my timing was alot better than it was here.

But as far as im concerned the Amerisur investment is still viable on the asset basis, just im unsure about the directors.

Neway at least the drill on CPO-5 is heading back to the monster zone where we all wanted it now, so happy days goin forward for us all - hopefully.

The only missed opportunity is being trapped in this share, (whilst it stagnates under the selling agis that has plagued it for over a 2 year period (with one brief moment in the sun when a monster cleared away the crap)).

Personally I dont much care nemore, as banking on this stagnation, I liquidated half my stock & followed the big money into the car battery sector.

My bigger issue is even when I know this stock is massively under valued compared with its assets, can I be bothered to bring my stake back here & await the inevitable boom / bust, followed by the next exiting II who feels the directors have had zero regard for its shareholders past & present.

I dunno anymore, confidence is sapped, but CPO-5 is where the next big action might be.

FECKIN YEEESSSS.

Had a right shitty week at work (taking shit from all & sundry) had so much shit didn't even check the shares till tonight.

Had £64k riding on this doozy. OMG im off to get ****ed. laters :)))))

Feels like the MM's r trying to keep a lid on it.

Glad I topped up this morning @36.9p lol not that they even showed that trade (feels like they been keeping a lid on it most of the day.