Amedeo Res Share Discussion Threads

[knicol46] 10/11/2016 08:54

if people would stop selling this share would go up lol

[knicol46] 10/11/2016 08:47

22p about to go, 24.5p now showing on book - theres only 4 mm's controlling this stock

[howdlep] 10/11/2016 08:36

It's premium buys only if you want stock now. This may be about to move very quickly, if mm's are ready to let this run.

Maximum to buy 2500, they need to attract sellers and quick. That means the bid and ask are both going to have to rise.

[howdlep] 10/11/2016 08:16

Yes the story was correct but the intra day spike was far greater in % terms. Now what if a rumour became a reality with a new contract win, as well as the long awaited for rig delivery RNS?

Especially, as we now have proof of design, quality and delivery (shortly).


free stock charts from uk.advfn.com

[knicol46] 09/11/2016 12:32

remember this nearly 3 years ago (price rocketed to 3.19p - that's 319p equivalent consolidated price)..

hxxp://www.livecharts.co.uk/share_prices/Amedeo-Resources-rockets-after-securing-Chine-news21460950.html

update to follow early 2017

[blueball] 08/11/2016 18:59

Golden cross confirmed all great for further rise.

[howdlep] 08/11/2016 16:23

and its likely to pickup further once we begin to get those premium buys. It will be the only way to buy in size.

[knicol46] 08/11/2016 16:14

ticked up - 21p now to buy

[knicol46] 08/11/2016 12:35

Awaiting news due anytime within next 8 weeks

• The contract value for the Explorer 1 rig was upgraded in July 2013 to $175m.
• With respect to new orders, YZJ Offshore continues discussions with potential customers for further orders with the benefit that it now has a rig that is physically complete to showcase. This is important from both a marketing perspective and also from a reputational perspective.
• Progress at Jiangsu Yangzijiang Offshore Engineering Co. Ltd's marine vessel yard on its first order, a Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig "Explorer 1", continues and is expected to be ready for delivery by the end of 2016.

• 33m shares in issue, net assets $20.6m, $4m in cash at last report

[howdlep] 08/11/2016 12:32

MM's desperately short.

Can only buy 5000 @ 19.9p

but you can sell 70,000 now @ 18.35p

I suspect premium buys are coming as mm's struggle to fill any orders. They are going to have to bid for stock but they are going to struggle to get it!!

[knicol46] 08/11/2016 12:23

20p about to go, limited volume remain

[davethechef] 07/11/2016 20:05

Whether we get the Rig Sale news before the end of the year, we should be due an End of Year Statement RNS, around about the 31st December.

[knicol46] 07/11/2016 14:12

last traded +11%, 20p about to go

[howdlep] 07/11/2016 11:22

Yep it's 19.9p for a maximum of 20k

[knicol46] 07/11/2016 11:06

about to tick up

[knicol46] 07/11/2016 08:58

looks odd seeing 20p traded price - not seen in a long time on AMED, soon to rise!

[chinese investor] 07/11/2016 08:56

Code 1 => Groundbreaking RNS !

[knicol46] 07/11/2016 08:40

code 1 appeared @ full offer though you can buy for less - interesting

last time there was a code 1 - RNS appeared later same day

[knicol46] 07/11/2016 08:25

Non current assets..
Investment in associates: $16.2m (£13m)

Value of the YZJ contract to be converted to a current asset once Explorer 1 delivered expected anytime 2016

current mcap around £5m

+ already $3.99m (£3.2m) in bank at last report

well undervalue

rig contract news = unable to buy only 33m shares in issue

[chinese investor] 07/11/2016 08:20

GO GO HORSEY !

[blueball] 07/11/2016 08:16

Looking good yes.

[chinese investor] 07/11/2016 08:13

Good Start !