Amedeo Res Share Discussion Threads

[howdlep] 14/12/2016 15:04

Real spread is actually 31/32 with max buy 5k. When you can sell at the mid, a mm really wants yours shares.

I suspect a double tick up coming shortly, bid and offer...

[howdlep] 14/12/2016 13:22

Max now is 5k @ 31.75p. MM's need to encourage sellers again...

[cpap man] 14/12/2016 13:05

AMED are imho just way too cheap especially given what is likely to happen next!!!!

[cpap man] 14/12/2016 13:03

Just bought another 15k

[howdlep] 14/12/2016 12:51

Ignore the quoted spread of 28/32, it's really 30.01/31.5p for 10k. MM's want your stock!

[oilbuy] 14/12/2016 12:39

Best volume day in a while

[howdlep] 14/12/2016 12:31

I note the 16k share sell. Now let's see if it encourages one or two others, particularly if the ask drops. There will be dips and opportunities. That is the only way to accumulate AMED in size.

[howdlep] 14/12/2016 12:28

Indeed, DaveTheChef. The rise in commodity prices should have aided MGR's trading and of course AMED own 49%.

[davethechef] 14/12/2016 12:22

Thanks cpap man for your insights today.

As a LTH, long may the reversal continue; it's been somewhat a struggle to see it fall to 9/10p, but my confidence & patience will hopefully be rewarded from 2017, on interesting developments playing out. Indeed, the on-going oil price recovery, ignited by the historic OPEC meeting, will add stimulus. I don't forget MGR Resources!

[fission453] 14/12/2016 12:15

Beware CAP is a pump and dump merchant!

[cpap man] 14/12/2016 12:10

Ref: posts 9467, 68 & 69 [FAR 9 thread]

Not sure if you ever look at AIM stocks mel but if you do perhaps worth taking a look at AMED?

Great looking chart at AMED with a lovely basin [bowl formation] shape plus c&h now all pointing to a share price for AMED some where north of 100p+

melfaraj18 Nov '16 - 11:41 - 9468 of 9848 1 0
Cpap man, AMED, oil

thank you for highlighting AMED above.

I must admit that in this turbulent market many would veer away from smaller stock running into the safety of the larger more stable and dividend bearing stocks. but this may not be the best of strategies. certainly one has to apportion his portfolio between the stayed and the adventurous!!

now, what adds to the fear from a stock such as AMED is the fact that it is an oil prospecting stock, and oil has not been venturing well. but again one can always pick up a gem or two from among such stock. and oil prices have been rising during the recent months.

back to AMED. I like the chart very much. in particularly the rising volume that has resonated with the rises in the price. volume is particularly important, in my estimation, in respect to smaller stocks. Curved bottom charting formations are among my favourite formation. what curved formation chart tells you is that the rate of rises are increasing exponentially! so the rises are going along the lines of 1,2,4,8..etc rather 1,2,3,4.

To wrap all, i have added AMED to my monitor.
Thank you Cpap man for your highlight. please do not hesitate to post more interesting issues here again. this is a thread for all.

[howdlep] 14/12/2016 11:51

Oh and who was the Explorer 1 jack-up rig sold to?

Only Keppel FELS:-



Now doesn't that open up future possibilities.....

[cpap man] 14/12/2016 11:50

Many thanks howdlep

These buys just added to previous buys most recently 30K at 25p

My research leads me to the conclusion that AMED will soon have a £1 handle i.e. 100p+

Others such as Zaf Karim think that this is just too conservative and that AMED could be £3 or £5 or even more £'s....

Happy to be on this AMED journey to the NORTH

[howdlep] 14/12/2016 11:46

Well done cpap man re purchases.

You are right re the BOD's plans, as I indicated yesterday with these interviews/articles:-

Here is the Proactive Investor interview with Glen Lau, dated 3 November 2014. It clearly emphasizes the global offshore opportunity and how Amedeo Resources, via the JV, are looking to build a multi year, multi revenue order book. However, whilst Mr Lau talks about big ticket items, the lack of too many competitors and being able to attract the right skillset, from Singapore and Europe, he is very clear about the need to deliver this first order to the highest quality. That will allow the JV to increase marketing and win further big orders.



Another interview of importance, was the one dated 3 November 2014. This talked of Amedeo Resources plans to rival the world's biggest rig builders.



Will the oil price rising thanks in part to the OPEC supply cut, AMED via its JV with Yangzijiang Shipping, are perfectly placed for that upturn in rig orders.

Just imagine what a second rig contract would do for the sp?

[cpap man] 14/12/2016 11:35

He also said that you can forget the PENNIES as it will be in the POUNDS!!!!

[davethechef] 14/12/2016 11:29

Some one give the share price a nudge again, it seems stuck again, LOL!!!

[cpap man] 14/12/2016 11:13

When i recently met with him he stated that AMED would look after itself and soon!

[howdlep] 14/12/2016 11:12

Worth reposting that subscription article from late yesterday. For those new to this thread,, perhaps start at post 175:-


howdlep
13 Dec '16 - 16:27 - 175 of 193 1 0 Edit

Explorer 1 to be delivered on schedule. Time for a big re rate:-





Image: Photo of Yangzijiang yard



YZJ Offshore Engineering, a subsidiary of Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding, is expected to complete and deliver a jack-up drilling rig on schedule, bucking a trend that has seen rigs and drillships being deferred amid weak oil prices.

IHS Fairplay was informed that the rig, Explorer I, will be delivered to Mena Offshore Investments by year-end. Mena Offshore Investments was established to build, sell and lease drilling rigs.

Amedeo Resources, a UK company listed on the Alternate Investment Market (AIM), has a 47.5% interest in a joint venture with Yangzijiang Shipbuilding, which in turn have a 40% interest in YZJ Offshore. This gives Amedeo Resources an 19% indirect investment in the yard. The other shares of YZJ Offshore are held by Creon Resources Plc, which is also listed on AIM.

Philip Howdle, a shareholder of Amedeo Resources, told IHS Fairplay: “Obviously, over recent years, we have seen a real downturn in the demand for new rigs, due in no small part to the decline in oil prices. Hopefully, as that begins to increase, helped by the recent OPEC supply cut, the JV should be ideally placed to attract new global orders.”

The rig is capable of drilling to 30,000 feet in sea depths of up to 350 feet. Up to 120 people can be accommodated in the rig. Originally ordered for USD170 million in 2013, the rig was constructed after YZJ Offshore built a new yard. The order marked Yangzijiang's first rig contract.

IHS Fairplay was told that the rig will be delivered at the stated price.

In a recent earnings briefing, Amedeo Resources stated: “While the rig market in general may be oversupplied, YZJ Offshore’s first rig is a Le Tourneau Super 116 Enhanced Class self-elevating mobile offshore jack-up. The Le Tourneau is the most established design in the offshore world. It has a very popular footprint, i.e, its legs space dimension is one that has been used for many years and for many wells. Other rig designs don’t have this significant advantage.”

Le Tourneau was recently acquired by Keppel FELS, a unit of Singapore group Keppel Corporation.

Amedeo Resources said: “Moreover, in the current newbuild market, there’re no Le Tourneaus that have been built on speculation. All have been ordered for clients and by clients.”

[cpap man] 14/12/2016 11:12

Just bought another 45,000 AMED

[howdlep] 14/12/2016 11:10

Indeed this is just the beginning and not to forget the cash on the balance sheet for a possible acquisition. Oh and that asset value...

[davethechef] 14/12/2016 11:08

Top of the Tree/ Risers list!!!

Started slowly, and a b@@@@r to buy first thing, but gaining momentum nicely now.

It's been many months since we were last above 30p.

Recovery to continue

[dosser2] 14/12/2016 11:04

Well a market has now been created.

[howdlep] 14/12/2016 10:37

Last management warrants were at 100p (post consolidation price) back in 2015. A week later, on 20/3/15, Zafarullah Karim (Exec Director) purchased £20k existing warrants from a third party. How often do you see that?