Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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available to buy after 14p
Yes the market seems to be valuing the GKC and MGR Resources investments, plus the cash. We can value the rig when the client finance and employment RNS hits. Mind the gap (up)!
limited volume
$17.7m net assets at last report vs �4.5m mcap
1 blue, 3 to go
before the buys hit
Looking good... phill research is spot on and much appreciated!
on the move
moving North
current
few of them will give jump
Interesting postings on iii - realistic and compelling.
current - something leaked?
The rig market is now far more buoyant, something highlighted by the 50:50 JV (ARO Drilling) between offshore driller Rowan and Saudi Aramco. A real commitment to growth. I particularly like the concluding two sentences:- "Rowan and Saudi Aramco have agreed that ARO Drilling will purchase twenty future newbuild rigs that will be constructed by a Saudi Aramco manufacturing joint venture and are expected to be delivered between 2021 and 2030. Each newbuild is expected to have a sixteen year drilling commitment upon delivery to ARO Drilling." http://www.offshoreenergytoday.com/rowan-saudi-aramco-launch-offshore-drilling-jv-aro-drilling/ Now is the time to be announcing the financing and employment of our Explorer 1 jackup rig and maybe follow it with further orders.
Keppel, whose businesses include rig building, property development and infrastructure operations, said net profit for the quarter ended Sept. 30 was S$291 million, compared with S$225 million a year ago.
Interesting that our client for the $170m Le Tourneau jackup rig is Keppel FELS, a real market leader in the sector. http://www.kepcorp.com/en/content.aspx?sid=80 So it is very interesting to note, how they are developing their industry offering. This from March 2016 highlights just that:- http://www.offshore-mag.com/articles/2016/05/keppel-acquires-letourneau-jackup-design-range.html We await the client financing and employment RNS, which I suspect is very close now.
�4.5m current mcap vs $17m net assets at last report awaiting rig 'delivery' cash sale
remain
China's Belt Road Initiative, updated link today http://splash247.com/chinas-belt-road-initiative-supply-chains-asia/ That's my 11k top-up.
positive movement on a buy
awaiting rig 'delivery' news - cash event ahead
It was interesting that the half year report said that the rig was being prepared to be delivered rather than being prepared for delivery (at some point) so I too feel we are almost there. An interesting few weeks ahead.
Yes it is very illiquid and it needs to be remembered that the top four shareholders, accounting for 81% of the shares, are long term holders, looking for a multiple return on their investments. Note, Mena are in at 100p and the other three, including Qatar Corporation (61%), at 50p. These figures adjusted, post 100:1 consolidation. Now the problem pi's have, is that any rig payment/deployment news will ensure a big gap up and it will be extremely difficult to acquire or accumulate a holding, once the herd arrive. So my policy has been and will continue to be, accumulate on weakness. However, I now believe we are very close to a decisive move and the mm's know that. Their actions in relation to their own books, will be very interesting. Soon premium trades will be common place. All imo.
The problem that AMED has is that it is very illiquid and gets little in the way of write ups. A ticking up on small interest may happen or it will be existing holders topping up. The big move will be a rerate on positive news which of course could come at any time as it will be the actual delivery of the rig. Such an announcement may accompanied by positive trading news on the copper mines and MGRs brokering.
at 11.50p. Is that a BUY or a SELL?