Amedeo Res Share Discussion Threads

[mike111d] 17/4/2015 18:41

Fund raising?

[davethechef] 17/4/2015 16:15

Recently updated on website
hxxp://yzjoffshore.com//news/index/7

[howdlep] 09/4/2015 07:51

Zak Mir just out with 1p target

[howdlep] 09/4/2015 07:18

no RNS re that analyst upgrade (see post 1794) so a real opportunity for pi's to get in at the bell

[howdlep] 08/4/2015 23:17

Amedeo Resources CEO excited by the offshore opportunity (4/11/14)

Excellent background information

[howdlep] 08/4/2015 22:03

Background re holding from RNS dated 24/9/14:-

Introduction

Progress continues at both Jiangsu Yangzijiang Offshore Engineering Co. Ltd. ("YZJ Offshore") and MGR Resources PTE Ltd. ("MGR").

YZJ Offshore

YZJ Offshore's marine vessel yard (the "New Yard") is now operational. The build of its first order, a Le Tourneau Super 116E Class design self-elevating mobile offshore jack-up ("Explorer 1") is continuing at the New Yard, with the keel having been laid in April. The build is progressing to quality and to schedule, with the customer being impressed with the build quality. Explorer 1 is expected to be delivered in the second half of next year. In addition, the New Yard is ready to absorb overspill from Yangzijiang Shipbuilding (Holdings) Pte Ltd's yard, Amedeo's joint venture partner.

As a new fabricator, YZJ Offshore needs to develop its reputation and brand. With the build of Explorer 1 now taking place at the New Yard, third parties are able to inspect the New Yard and build quality and are doing so. Indications are that they are satisfied with the New Yard and build quality, and indeed both compare favourably to other Chinese yards. Several discussions are taking place with respect to placing orders, some of which are advanced. The New Yard is capable of building a wide range of offshore vessels. YZJ Offshore's management are confident that they will obtain further orders. Though there can be no certainty that such orders will be obtained.

Amedeo has an indirect 19.0% stake in YZJ Offshore which it holds through its 47.5% (see below) stake in the joint venture company, YZJ Offshore Engineering Pte Ltd ("YZJ JV").

MGR

In the period under review, MGR continued to build and improve the quality of its business, despite a difficult market. Demand for ferrous ore into China softened and the "Free On Board" price fell from approximately US$115 per tonne to less than US$65 per tonne. Consequently, brokering margins decreased. Nonetheless, against this difficult environment, MGR managed to remain profitable (after interest of US$146,000 payable on the loans that Amedeo has made to it). In addition, MGR managed to move from short-term contracts with many customers to longer-term contracts with higher quality customers. Moreover, the new contracts are indexed to price, thereby reducing the risks that MGR bears. These contracts became effective post the period end.

With its operations in ferrous ore being established and profitable, MGR continues to seek new opportunities in other metals, including chromium, nickel and copper.

Fundraising

In March 2014, Amedeo raised US$8,554,000 via an equity fundraising, which resulted in the issue of 521,764,569 ordinary shares at 1.0 pence per share. Following the fundraising, the Company's enlarged issued ordinary share capital comprises 3,265,384,202 ordinary shares.

Of the funds raised, US$5,059,000 was utilised to pay up fully Amedeo's stake in YZJ JV and to increase Amedeo's stake in YZJ JV from 46.5% to 47.5%, thereby raising Amedeo's stake in YZJ Offshore from 18.6% to 19.0%.

In June 2014, US$2,040,000 of the funds raised were utilised to make a working capital loan to MGR to enable it to

[howdlep] 08/4/2015 20:44

Analyst upgrade now out. This is a must read given AMED's 19% stake in them:-

[howdlep] 08/4/2015 16:18

Director warrants @ 1p provide real confidence in the future. Indeed Karim has even bought up third party warrants @ 1p too. PI's can buy in at 50% of that price for the moment!

[howdlep] 08/4/2015 16:04

Daniel Stewart note from back in Dec 14. YZJOE Stake now around 19%, up from 18.6% if I remember right:-


Daniel Stewart started covering Amedeo Resources’ (LON:AMED).

Its joint venture with one of the top five Chinese shipbuilders provides a “transformational” growth opportunity, it reckons.

The firm invested US$15.3 mln into the new venture – YZJOE Singapore – which is a collaboration with major Chinese shipbuilding group, Yangzijiang Shipbuilding (YZJ) – a group with a market cap of US$3.5 billion.

Amedeo has a 46.45% stake in the venture.

YZJOE Singapore has in turn a 40% share of YZJOE China – a new Chinese offshore rig building yard – in which Amedeo has an indirect stake of 18.6%.

[howdlep] 08/4/2015 15:42

an example of what good news does for this stock with such a tiny free float


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[howdlep] 08/4/2015 15:28

MA50 @ 0.40p. A break above there and we can start to look towards MA200 @ 0.63p. MACD already positive. Primed for a move up...

[dosser2] 08/4/2015 15:21

Wakey wakey................

[loverat] 08/4/2015 15:20

This one has come up on my list of stocks due for a run. A toss up between this and a couple of other sleepers.

Can move fast when it wakes up.

[howdlep] 08/4/2015 15:19

Free float is a tiny 19.24% so this will move very quickly with any good (or bad) news:-


Key shareholders > 3%


Qatar Investment Corporation 61.09%

Mena Global Investments 1 Limited 9.20%

Global Tech Investments 1 5.28%

Dune Engineering PTE Limited 5.19%

Total 80.76%

[howdlep] 31/3/2015 08:32

comprehensively sold off but now ready for a rally, particularly as options are exercisable @ 1p?


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[psyco] 30/3/2015 15:33

are we looking at 1p or more ?

[dosser2] 30/3/2015 14:44

we are offfffffff

[mike111d] 24/3/2015 10:57

Do they need to raise funds?

[dosser2] 24/3/2015 10:31

Thanks for buying

[dosser2] 24/3/2015 10:18

Buy please

[sirraman] 24/3/2015 09:33

new low...what's going on here...wish the BoD would issue some updates to give shareholders soem idea what they are upto !!