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http://www.seatrade-maritime.com/news/asia/yanzijiang-invests-in-another-vessel-leasing-chartering-jv.html YZJ results due 28 Feb
With Borr Drilling's acquisition of Paragon Offshore, another 30 rigs (35 years or older) are effectively scrapped. Quality will emerge, eventually. https://www.bassoe.no/borr-wakes-up-to-reality-and-becomes-a-real-company/news/78/
and below nominal 10p price to buy - awaiting news. YZJ results due end of Feb
Generally positive article on the recovery in offshore drilling hxxps://www.rigzone.com/news/wire/offshore_oil_recovery_beginning_in_worlds_harshest_environments-21-feb-2018-153604-article/ Our current SP is frustratingly near new lows(mainly due to bored P.I's selling in response to the continued delays in the rig sale) however our market capt is now equalled by our healthy cash position & substantial loan owed, in due course. We have no debt, a 19% stake in an offshore yard, which has seen increased work, a 2.5% stake in a producing copper mine which in turn is 'feeding' copper to our 49% interest in MGR Resources. MGR Resources, come June's Results will see substantial increase in revenues/profit, through the increased copper feed/prices and increased iron ore prices, in particular. Clean energy vessels & burgeoning LNG appetite has been mentioned for our offshore yard along with new rig production. Our JV partners & Amedeo are well connected & operating in one of the world's most progressive & well sourced growth areas. Amedeo have �Billion shareholders, who are supportive too. One suspects they are well informed. The shares are tightly held. It's frustrating waiting for news, but it'll be interesting to see what our JV partners & Amedeo do with the cash pile, on the rig sale & next developments. I see a possible 5 bagger FWIW, this coming year, on interesting developments.
In July 2012, US$15.3 million (�10.0 million) was invested in Jiangsu Yangzijiang Offshore Engineering Co. Ltd. (�YZJ Offshore�), through a joint venture, YZJ Offshore Engineering Pte Ltd, (�YZJ JV�), with Yangzijiang Shipbuilding (Holdings) Pte Ltd (�Yangzijiang Holdings�). Yangzijiang Holdings is the largest non-state owned container shipbuilder in China and is listed on the main board of the Singapore Stock Exchange. A joint venture, YZJ JV, with Amedeo holding a 46.5% stake, was established. YZJ JV in turn has a 40.0% stake in YZJ Offshore which has an offshore marine construction vessel yard. Amedeo has a 19.0% stake in YZJ Offshore. As soon as I find some information on AMED I will let you know - your so eager for news like the rest of us
has YJZ results got to do with AMED ? IT IS A TOTALLY DIFFERENT FIRM THAT HAS NOTHING TO DO WITH AMED Also, with the BID at 9p ...isnt it about time that you had some news from AMED and not from a totally unrelated ship building firm ?
due next week
Sorry.... Yeah I see, ship order coming in thick and fast...... Err yeah
Tsakos Shipping and Trading ordered two bulk ships, 82,000 dwt, 25.5 million each in Jiangsu Yangzijiang Shipbuilding. Delivery dates for both ships have not yet been announced. The company still has seven dry bulk vessels (three Capesize and four Panamax).
best deal current buy 25000 @ 10.75 or improved deal.. 10000 @ 10.45, then seconds later 15000 @ 10.75
will give rise. Even any placing the minimum price would be 10p however as only 33m shares in issue (with around 80% not in public hands) expect this to be at a premium to current prices. http://www.amedeoresources.com/en/content/8-investor-information/21-significant-shareholders Just awaiting the payment for the completed/tested rig = $$$
Thank you for taking the trouble to post. Appreciated. Scargs
25000 at 10.75
Can you buy at 10p If Yes, how many are available. Thanks. Scargs
nominal minimum price is 10p!
Superlucky.. watch This space...
Exactly, not AMED yard or anything to do with AMED. And as you can see, they have a huge and well established yeard with loads of capacity. it is stupid to think they will pass work to the tiny little AMED, who have never built a boat in their history.
that will be with http://www.yzjship.com/en/company.asp?sid=9 rather than our yard.
https://worldmaritimenews.com/archives/243352/tsakos-tied-to-bulker-order-at-yangzijiang/
Good news https://www.bassoe.no/owners-of-old-jackup-rigs-realize-their-gamble-isn-t-paying-off/news/74/
Markets & AIM markets some what recovering alittle. But you can still buy AMED at 11.495p. Could prove a bargain! Copper & iron ore present/futures prices looking strong & positive(MGR)
Good morning super, We are both right. Amed have a jv, called YZJ Offshore, with Yangzijiang Shipbuilding. This is detailed here http://www.amedeoresources.com/en/content/7-investments/17-yzj-offshore Orders won by the jv are built at its yard http://www.yzjship.com/en/company.asp?sid=11 rather than one of the other yards listed on the left hand side of that page. Ship orders are relevant to AMED if the order is won by the jv. Yangzijiang are, however, primarily interested in AMED's expertise and contacts in the rig sector. That said, as stated on AMED's website, "the new yard is fully operational and has the capability to build various marine vassels including jackup rigs, semi-submersible and accommodation units, as well as the ability to build blocks for container ships and gas carrier vessels." As for the current rig order not being built for a client, you know that is wrong and you really should be careful about making such statements on a public forum. I say that with respect. The original order, as detailed in the RNS, was for $170m and was then modified by the client to include additional features, resulting in a re pricing to $175m. However, Keppel then took over the order and decided against the additional features, meaning the order value remained at $170m. I can only presume, as it is not confirmed by further RNS, that it is its client that is arranging finance for our completed rig. Obviously, Keppel themselves are a huge player in the rig market. I hope that clarifies things for others. We are both at one with the current positions It's just I am a large holder of AMED stock and you are a former holder. I feel sure you will get back in at some point and I hope it will prove to be a profitable position for you. Meanwhile, it is tin hats time for the general markets today.
Should stick with technical people at the helm. As soon as I see financiers involved, sets the alarm bells ringing. These fellas don't have a clue about the industry they are trying to sell this rig into. Jokes
Zafarraluh Karim as exectuive What the he'll does that fella know about anything else other than spinning new shares out in LEG.L