Amedeo Res Share Discussion Threads

[papillon] 06/9/2017 15:30

Chart still looks awful

[howdlep] 05/9/2017 09:04

Now is the time to be acquiring rigs, as the big players build their empires.



which explains why our jv partner, Yangzijiang Shipbuilding, has raised cheap money to grow their business and expand its jv's:-



we await our Interims with great interest.

[chinese investor] 31/8/2017 10:08

I've been quietly accumulating today !

[howdlep] 31/8/2017 08:38

Yes it drifted down on very few trades. Now watch it move up equally quickly, as we know Interims are out in September. Ridiculously low market cap given rig asset, 2.5% copper mine investment in Ganjine Kani Company ("GKC") (with a 5 year $2m option for a further 5%) and a 49% holding in MGR Resources. This from the RNS of 11/1/17 re MGR:-

"Amedeo has made available to MGR Resources Pte ("MGR") a loan facility of US$800,000. The facility bears interest at 10% per annum and is intended to be used for working capital. The iron ore price has been rising since its lows (around US$38 per tonne) at the end of 2015 and now is over US$70 per tonne. This rise has led to increasing opportunities in the iron ore market which MGR intends to take advantage of. MGR has an existing US$400,000 loan from Amedeo."

Re the 2.5% investment in GKC, this from the RNS of 19/1/17:-

"GKC has been selling copper concentrate into Asia, including China. MGR Resources PTE Ltd ("MGR"), which trades and brokers iron ore and in which Amedeo has a 49% stake, intends to work with GKC to increase GKC's supply of copper into East Asia and China."

Glen Lau, Chief Executive Officer of Amedeo said "We are pleased to have made this acquisition which will allow MGR to widen the commodities it trades and brokers and, at the same time, give MGR a captive supply of copper."

Given the risk/reward at the current levels, this is a great entry price imo.

[chinese investor] 31/8/2017 08:24

Good volume !

[knicol46] 31/8/2017 08:22

last traded +12% on the move - news

[chinese investor] 30/8/2017 19:24

When will this cease !

I sensed this was gonna be a unicorn !

[papillon] 30/8/2017 15:17

Hi, oilbuy. "How's life"? Well I'm still alive! Every day is a bonus at my age! LOL. How's life treating you? What shares are you in these days? You could be correct about the double bottom.

I've only one share. AMYT. Interim results Monday. Fingers crossed (it is on AIM!)

[knicol46] 30/8/2017 14:20

theres so low shares in issue that anyone selling drops the price - same applies to buys. Will quickly climb upon positive news - results and update due next month

[oilbuy] 30/8/2017 08:06

Hi Paps hows life ?Double bottom coming ?

[chinese investor] 30/8/2017 06:56

This doesn't look great !

[papillon] 29/8/2017 22:43

Big volume today! Chart looks awful.

[howdlep] 28/8/2017 15:53

More order wins for Yangzijiang:-

[davethechef] 24/8/2017 14:12

hxxp://infopub.sgx.com/FileOpen/Announcement_YZCK-Fin.ashx?App=Announcement&FileID=468166

[davethechef] 24/8/2017 13:42

Further news re above, and then RNS by Amedeo Resources I guess.
May be mentioned in September's Interims, due in two or three weeks I expect.

Looks a positive & proactive JV by our offshore yard, for future major revenue streams, as the oil rig market continues poorly.

[davethechef] 24/8/2017 13:37

A MAJORITY-OWNED subsidiary of Yangzijiang Shipbuilding has entered into a joint venture involved mainly in steel structure fabrication business.
YZJ said after Wednesday's trading close that its 79.6-per cent-owned subsidiary, Jiangsu Yangzijiang Offshore Engineering Co, will subscribe for a 40 per cent equity in the new JV. Some undisclosed JV partners will hold the other 60 per cent interest.
The JV company, Jiangsu Yangzi Chengkang Marine Equipment Co, will be established in Taicang, Jiangsu province, with an authorised share capital of 100 million yuan (S$20.4 million).
The JV will be developed as a manufacturing enterprise dealing with integrated services. These services relate to the provision, distribution, import and export, as well as after-sales support for certain steel products.
YZJ noted that with China's "One Belt, One Road" initiative gaining momentum, demand is promising for infrastructure-related structures from countries located along the land and sea routes.
The Taicang-based JV is poised to benefit from China's clout as a leading steel exporter, accounting for 22.8 per cent of the world's steel export in 2016.
YZJ added that the JV also stands to tap "huge room" for infrastructure development in South-east Asia.
For a start, certain amount of leasing income for YZJ will come from the use of its existing production capacity and facilities by the JV.
YZJ has rallied recently on a strong showing in its second-quarter performance, having posted a 73 per cent surge in net profit to 719.9 million yuan.

[cpap man] 24/8/2017 08:02

TROLL simples....

[chinese investor] 24/8/2017 07:36

Good morning genuine AMED holders.

Let's hope we have a good day.

[davethechef] 23/8/2017 22:47

New JV announced today with our offshore yard,

Interesting new development, two links below

hxxp://www.offshorewind.biz/2017/08/23/jiangsu-yangzijiang-sets-sights-on-offshore-structures/

hxxp://splash247.com/yangzijiang-establishes-new-offshore-structure-manufacturing-jv/

[knicol46] 10/8/2017 08:36

YZJ positive results.. hxxp://www.yzjship.com/upload/doc/2017年第ߚ8;季度业绩ౙ6;报.pdf

[soupdragon55] 03/8/2017 18:13

I take it nobody knows or is bothered about the coincidence that so many Amedeo related companies that loan money to each other are all registered at the same address?

[davethechef] 02/8/2017 21:08

Iron ore prices received a major boost Monday hitting its highest level in eight months after upbeat Chinese data showed its construction sector in July grew the most in almost four years, see below link. With the continued copper prices' resurgence too, year-on-year, all looking positive for September's(and hopefully into next year's) Results re MGR.
It's highly geared towards metal prices, particularly aforementioned & the January's loan & copper mine's direct input additionally helping with profits, one expects.
Plus the offshore yard should've taken on greater work from YZJ. And news on the rig delivery latest expected. Results approximately five weeks away.

[howdlep] 01/8/2017 07:38

Yet another new order for our JV partner, Yangzijiang Shipbuilding:-