Amedeo Res Share Discussion Threads

[mach100] 02/6/2015 14:16

Yes. Results were actually ok I think, just disappointment that there was no contract news. Looks like it is only down 3% now so those who sold on the rns have been short-changed.

[dosser2] 02/6/2015 13:01

Drop was well over done

[the stigologist] 02/6/2015 12:04

well done mug punters

still about about a hundred per cent over valued

good luck you will need it

[oilbuy] 02/6/2015 11:55

Drop is over done Dosser2

[dosser2] 02/6/2015 11:54

And down we go!!

[nash81] 11/5/2015 15:57

if Yangzijiang pulls out from the offshore (as they want to focus on LNG), then what will happen to the JV? will the JV be wound up? with oil price in depression mode, many rigs are available and not many drilling is happening, and hence, not many rigs will need to be repaired and as such, perhaps this is the reason why Yangzijiang is pulling out?

can someone gives some hindsight?

[howdlep] 05/5/2015 19:29

Indeed they might. This from AMED Interims, RNS dated 24/9:-

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").

[davethechef] 05/5/2015 16:08

Yangzijiang Shipbuilding are majority shareholders in YZJ Offshore, so good to see them doing well with a very encouraging future.
Plus it has been voiced by management of YZJ that they may get an overspill of business from Yangzijiang Shipbuilding, that's my understanding.

[genises] 05/5/2015 13:49

the last major spike was on a contract which never happened.
nice though.

[genises] 05/5/2015 13:46

yep offshore and holds no interest in the shipyard.
your post on the shipyard was for what reason???

[howdlep] 05/5/2015 13:45

this is what contract speculation can do for the AMED share price.


free stock charts from uk.advfn.com

[oilbuy] 05/5/2015 13:31

muppet boy stig at it again. He craves negative attention.

[howdlep] 05/5/2015 13:01

For those new to this thread, AMED have an indirect 19% interest in YZJ offshore:-

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%.

[alchemy] 05/5/2015 13:00

well the articles are there Stig!

[the stigologist] 05/5/2015 12:55

trying another pump and dump hodlep

[howdlep] 05/5/2015 12:49

Yangzijiang ready to build 400,000 dwt VLOCs



UOBKayhian recommends 'buy' for Yangzijiang

[oilbuy] 05/5/2015 12:40

Paying .35p

[howdlep] 05/5/2015 12:31

and with a tiny free float, this will move very quickly...

[howdlep] 05/5/2015 12:30

a few nibbling. More will follow on a break of MA50 @ 0.35p

[oilbuy] 05/5/2015 12:07

This could pop

[mach100] 24/4/2015 11:27

Results aren't until June but we could do with a contract before then.I think we can discount the Times rumour from back in November about contracts being signed soon as not 100% correct.

[dosser2] 24/4/2015 10:00

Need some good news here

[papillon] 17/4/2015 20:54

Zak Mir? Lol. He gets it wrong just as often as he gets right.