Amedeo Res Share Discussion Threads

[davethechef] 27/9/2017 10:40

Can't post won't allow, but go to their site proactiveinvestors.com

[davethechef] 27/9/2017 10:39

Amedeo Resources haven't even updated their own website on yesterday's Interims however here's yesterday's proactiveinvestor's link
[...]

[davethechef] 27/9/2017 10:17

My thoughts are, disappointed we didn't get much 'meat-on-the-bones' in the Interims, for example, MGR's latest benefits owing to the tie-in with the copper mine stake & rising copper, iron ore prices; year-on-year(will be included in the Finals next June I expect) And no mention of whether we've received further work from YZJ or mention of last month's JV as follow; ''the The Board of Directors (the “Board”) of Yangzijiang Shipbuilding (Holdings) Ltd. (“YZJ” or the “Company”;) is pleased to announce that its 79.6%-owned subsidiary, Jiangsu Yangzijiang Offshore
Engineering Co., Ltd. (“JYOECO”;) has entered into an agreement with strategic partners to establish a joint venture company in Jiangsu Taicang to be mainly involved in steel structure fabrication of steel pipe pile for international seas, port, bridge and offshore projects. However The proposed name of the joint venture company is “Jiangsu Yangzi Chengkang Marine Equipment Co. Limited.” (“JYCMECO̶1;) although it has been said any revenues will not until next financial year I understand.
However, this is still a strong hold for me, our MC is piddly at £3.5mill compared to our growing/ expansion potential of MGR in China, S.E Asia, our copper mine stake, our assets, multi-mill rig, ship yard value, our high-spec rig to generate substantial cash to our offshore yard/our 19% holding etc etc!
Think of this, I'd have though South Korean rig,shipyards(China's main competitors) are not in favour with the escalating tension with North Korea on their doorstep, presently. Another all important multi-mill £ order is just a matter of time, especially with oil prices, vessel markets recovering, although slowly.

[howdlep] 26/9/2017 14:07

papillon,

The "pump and dump" you elude to, was based on a Far East article suggesting that all was on track for the rig to be delivered. Unfortunately, the client requested a delay, pending finance completion and rig employment. That is still the case, although I note the wording change in the Interims, which stated the "yard is preparing to deliver the rig".

When that occurs, or better still, new orders are received, I suspect the rise will be far greater than 30p!

Time will tell of course.

Best of luck with your investments.

[papillon] 26/9/2017 11:21

papillon 6 Sep '17 - 15:30 - 521 of 541 0 0 Edit
Chart still looks awful

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I was right. Still looks awful, but could be due another bounce up.

Approaching last summers low. Then a bounce up? Then another pump & dump up to 30p like last year?

[howdlep] 26/9/2017 07:59

Yes "the yard is preparing to deliver the rig" is the key statement. Given that it is not expanded upon, I would suspect we may get a further separate RNS in due course. One presumes that means the status is 'ready stacked', implying quick delivery once client finance is approved.
NAV now 0.40p v 0.11p sp, which confirms what a big re rating will follow once client finance is arranged,
I would have liked more info re GKC mining operations, but that will be for the Finals. MGC key going forward.
Cash position still very healthy, with loan in place to MGC as well. Commodity price rises massively important to operations going forward, as that will result in the further 5% investment in GKC going forward.

[chinese investor] 26/9/2017 07:25

So much happening behind the scenes !

[howdlep] 22/9/2017 16:09

Reported NAV (next week) will be over 30p so the current share price is ridiculously low. We just need the catalyst for the huge re rate to begin. A great risk/reward at the current levels. Try accumulating stock when a client rig finance RNS is issued.
I look forward to reading additional information re the commodity trading and our copper mine investment. In due course, I am sure we will take up our option for a further 5% interest.

[knicol46] 22/9/2017 14:49

tick up on just 2 trades, positive news will see this seriously climb, well undervalue

[knicol46] 19/9/2017 21:28

Update may come this week - released last year 22 September 2016

[howdlep] 19/9/2017 13:24

MM's continue to want to attract sellers but any dip in the ask is now quickly bought up. Keep an eye on any volume pickup and of course changes in the NMS. As always, it will be very difficult to acquire stock with news, something we will have by 30/9.

[howdlep] 19/9/2017 13:11

Wave of consolidation ready to hit the offshore drilling industry (or not?)

[davethechef] 14/9/2017 15:27

Hopefully good news on the rig in the Interims.
The recovery in oil prices should help our cause/sentiment.
Maybe it's a case that a potential buyer of the rig is looking at oil prices sustaining at above $60 & all parties, with lengthy negotiations over the rig sale price.
hxxp://oilprice.com/Energy/Oil-Prices/The-Most-Bullish-Oil-Report-This-Year.html

I've taken a few more chunks over the last few weeks, at these prices. Hopefully we'll see the back of them soon

[davethechef] 13/9/2017 11:06

From a couple of weeks ago, our JV partner further development plans, although may not impact on our offshore yard. Remains to be seen.
hxxp://www.businesstimes.com.sg/companies-markets/yangzijiang-to-raise-s2088m-via-share-placement-to-fund-new-investments

Interims likely any day now. How have we preformed re MGR & further revenues/work on our offshore yard & what's the latest on possible rig sale?

Present share price near record lows. MM's happy to take-on large amounts at 10p

[knicol46] 12/9/2017 10:35

if share price was 20p and it increased 100% it would still be below the net asset value at last report..

The net asset value per share at 31 December 2016 was US$0.56 (£0.42)

[knicol46] 12/9/2017 10:23

100k buy above offer £12500 worth

[knicol46] 12/9/2017 09:15

only 33m shares in issue, of which 66% not in public hands, reached 40p+ back in Dec, results and/or news due this month

[chinese investor] 12/9/2017 09:12

Looking Good !

[oilbuy] 12/9/2017 09:12

Oversold double bottom

[knicol46] 12/9/2017 09:10

strong demand

[knicol46] 12/9/2017 09:06

rig sold? news? buys flooding in

[knicol46] 07/9/2017 20:39

awaiting results and rig update later this month

[knicol46] 06/9/2017 21:40

when the buying starts with only 33m shares in issue (of which 66% is not in public hands) = high % rises ahead, difficulty buying volume unless premium paid
hxxp://www.amedeoresources.com/en/content/8-investor-information/16-aim-securities

good luck all

[howdlep] 06/9/2017 15:51

Not the risk/reward opportunity that is of interest to you. Nothing wrong with that. However, let's see how good news will change that outlook drastically.

Mind the gap (up)...