Member Info for akramms

Also MGR Resources http://www.qatarinvcorp.com/other-investments/

This is what we should be looking forward to: 1. Close to 3m Cash waiting to be invested. 2. Interim Results soon 3. Rongsheng Heavy Industries (RSHI) Shipping and Offshore, once the largest shipbuilder in china, their assets including offshore side of the business could be purchased by Yangzijiang, deadline was 30 June 2015, but talks are still going on. 4. Jack-up Rig to be completed very very soon, to be delivered by 4th quarter, option to construct an additional rig for same client for $170m+ 5. Possibility for additional rig contracts, as we know they were in talks with lots of clients last year at various stages, some in advanced talks. 6. Oil price drop has significantly made many offshore companies cancel rig builds, giving YZJ benefit of capturing those contracts. 7. Yangzijiang compared to other shipbuilding companies have done well, even in this oil price drop crisis. 8. According to accounts should be values at 50p so undervalued already. ...

Try this: http://www.worldoe.com/html/2015/OeApp_0721/11465.html

Amedeo Resources: YZJ Offshore Explorer 1 Jackup Rig latest: Use google translate: http://www.worldoe.com/html/2015/OeApp_0721/11465.html

Use google translate: http://www.worldoe.com/html/2015/OeApp_0721/11465.html

Most recent Research Report Amedeo Resources / YZJ offshore http://amedeoresources.com/wp-content/uploads/2015/07/Research.pdf

The Super116E jackup drilling rigs, has entered the underwater commissioning and post-installation stage http://www.tcinvest.gov.cn/newsview.aspx?uniqueID=d24a14e1-7a8b-45b0-b248-ef5012bd0de8

Whitelist includes: Jiangsu Yangzijiang Shipbuilding Yangzijiang Offshore Engineering Offshore companies "white list" declaration started http://www.eworldship.com/html/2015/ship_inside_and_outside_0722/104605.html China seeks entries from offshore yards for ‘white list’ http://www.seatrade-maritime.com/news/asia/china-seeks-entries-from-offshore-yards-for-white-list.html other links http://www.yzjship.com/en/

http://splash247.com/chinas-offshore-shipyards-asked-to-submit-white-list-applications/

China’s offshore shipyards asked to submit ‘white list’ applications Beijing: China’s Ministry of Industry and Information Technology (MIIT) has issued a notice to the shipbuilding industry, asking them to send applications for offshore ‘white list’ inclusion. According to the notice shipbuilding companies should send the applications to the local shipbuilding authorities, who will review the applications preliminarily before sending them to MIIT. The deadline for applications is August 31. The central government is hoping the white list can optimize the offshore manufacturing capacity and promote merger and acquisition in the industry, with shipyards on the list enjoying favourable policies from the government and banks. Last year, the central government also released a white list for the commercial shipbuilding industry.

PIL closes in on huge box deal in China Order at Jiangsu Yangzijiang said to be for up to eight ships worth $680m in total but potentially more Pacific International Lines (PIL) is reportedly close to a deal to build up to eight boxships of 9,400 teu at Jiangsu Yangzijiang Shipbuilding. Information on the order was scarce as TradeWinds went to press but a Yangzijiang official said: “Nothing is fixed yet.” Sources indicate that the order includes four firm ships, plus four options. The choice of yard is a surprising departure and may reflect commercial leadership changes at the yards involved. PIL has been a faithful customer of Dalian International Shipbuilding Corp (DISC) and, although PIL has ordered at other shipyards in both China and South Korea, it is DISC that dominates its fleet profile. But the new order comes following a commercial management change in which Yangzijiang poached China Industry Shipbuilding Corp (CISC) executive Zhang Tao, a former DISC commercial executive. The new ships would take PIL to a larger class of owned tonnage. The company currently owns vessels from 600 teu to 6,600 teu. Of some 100 units in its fleet, 42 were built at DISC, including all ships over 3,800 teu and four more newbuildings of that size under construction. Sources say it is interesting that PIL has gone for 9,000 teu to 10,000 teu ships. It provides further support to the view that this size is becoming the workhorse of the liner industry. Deliveries would presumably be 2017 at the earliest, as the most recent options declared by Seaspan in its ongoing series of slightly larger 10,000-teu ships at the same yard carried 2017 delivery dates. An eight-ship order, however, might be expected to extend into 2018 based on available slots. No price has been mentioned but a recent Maersk Broker estimate pegs a 9,200-teu containership newbuilding from a Chinese yard for 2017 delivery at between $83m and $85m. However, one boxship player considers this to be very low, tipping a price in the high $80ms assuming normal payment terms. https://www.tradewindsnews.com

Yangzijiang brings in new marketing expert Zhang Tao, the former administrative deputy general manager of state-owned China Shipbuilding Industry Corp (CSIC), has been hired by Singapore-listed Yangzijiang Shipbuilding to bring his marketing expertise to its Jiangsu-based yard. Speaking to TradeWinds, Yangzijiang executive chairman Ren Yuan Lin said that, given the current weak shipbuilding market, it is essential yards have a strong sales team to secure new orders. “Zhang’s strong suit is in marketing,” said Ren. A respected shipbuilding executive in China, Zhang is in his late 40s and studied in the UK. Prior to his stint at CSIC, he worked as marketing manager and vice-president of Dalian Shipbuilding Industry Co (DSIC). “He is well-known in the shipbuilding industry,” said one broker. “He knows both domestic and foreign shipowners. Yangzijiang’s newbuildings orders are export driven but it hopes to get a bigger share of domestic contracts. Zhang will be of help in this area.” Meanwhile, South Korean shipbuilding veteran DS Jee, who joined Yangzijiang last year, is said to have left because of cultural differences. Jee has more than 20 years’ shipbuilding experience, having worked for Hyundai Heavy Industries (HHI) and STX Dalian. He was also once a shipbroker with Cleaves and previously worked for Hanseatic Lloyd. Yangzijiang is one of China’s largest private yards and specialises in boxships and bulkers, although it is expanding its portfolio to include gas carriers.

http://www.yzjship.com/news_info.asp?id=104

Amedeo's new website: http://amedeoresources.com/ Almost $3m cash to invest Director warrant can only be exercised if targets are met and exercise price is 1p, almost 3 times current share price. Iron ore prices have began rising again good for MGR resources. Hard to buy shares considering free float is under 20% http://amedeoresources.com/investor/detail/2/Significant-Shareholders Rig should be completed in 1-2 months and be delivered in August/early Q4 as scheduled. http://www.prinsipodc.com/ Yangzijiang is considering buying shipping & offshore assets of Rongsheng, currently known as Huarong Energy, once the largest private shipping and offshore company in China Decision to acquire Rongsheng's assets to be made by June 2015. YZJ JV agreement between Amedeo and Yangzijiang states that any offshore business brought in by Yangzijiang is to be gone through the YZJ JV, giving amedeo the upper hand. Yangzijiang share price rose from 0.04 to 1.45 today, considering their assets are in the billions this is a big rise.

XSplit is Heading to E3 "We are heading down to E3 this coming June 16 - 18 2015 and it’s going to be our first time attending the event. We are super excited to co-exhibit with YouTube at Booth 801 to demonstrate their recently announced 60fps live streaming capability and how seamless the integration is with both XSplit Broadcaster and XSplit Gamecaster. We still have plenty to reveal in the coming days so make sure to follow our Twitter and Facebook to not miss out on them." https://www.xsplit.com/blog/xsplit-is-going-to-e3-2015 related links: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=DDD&ArticleCode=kxlb6s9w&ArticleHeadline=Trading_Update__Result_of_AGM

By Zak Mir | Wednesday 10 June 2015 Although we can see from the daily chart that shares of DDD Group are perhaps not the most liquid in town, the overall pattern here is unmistakable, and leads us to believe that this is a stock which is in recovery mode. It helps that one can draw a rising trend channel in place since as long ago as November. The floor of the channel currently runs level with the area of the 10 day moving average at 1.93p, so in theory while this zone remains intact the bulls are in charge. The ideal scenario though, is that the stock will be able to recover the 50 day moving average at present levels and start to accelerate to the upside, in the wake of the extended basing we have seen since March at and below the 1.5p area. In terms of what the upside could be the favoured destination at this point is seen as being the top of the November price channel at 5p. This is a target which could be hit as soon as the next 1-2 months. Only cautious traders should wait on a clearance of the still falling 200 day moving average at 3.17p before taking the plunge on the upside. http://www.shareprophets.com/views/12737/zak-mir-s-great-request-show-borders-southern-ddd-group-independent-resources

So we now know who the rig was actually built for http://www.prinsipodc.com/ http://www.prinsipodc.com/rigs/

Buy trades showing as sells

As at the period end, the carrying value on the balance sheet of investments in associates rose to US$19,205,000 (31 January 2014: US$15,132,000), primarily as a result of the US$5,059,000 investment to pay up fully Amedeo's stake in YZJ JV. Current assets rose to US$5,576,000 (31 January 2014: US$2,624,000) primarily as a result of the US$2,044,000 loan made to MGR. Cash as at 31 December 2014 was US$1,179,000 (31 January 2014: US$582,000). At the date of signature of these financial statements, the Group had US$2,972,000 of cash and cash equivalent balances. Trade payables increased to US$344,000 (31 January 2014: US$200,000) due to timing differences on when invoices were paid around period end. Overall, at the period end, net and total assets were US$24,437,000 (year ended 31 January 2014: US$17,556,000) and US$24,781,000 (year ended 31 January 2014: US$17,756,000), respectively. Post the period end and in line with Amedeo's policy of aligning Directors' incentives with those of shareholders, Amedeo awarded to Glen Lau, the Chief Executive Officer of Amedeo, 260,721,118 warrants to subscribe for new ordinary shares of 0.01p in the Company. The warrants have share price performance and time vesting conditions. They have an exercise price of 1.0 pence compared with the share price of 0.35 pence at the time of the award.

Amedeo's Final Year ended Dec 2014, results should be out before end of June. Investments YZJ Offshore: Jackup rig to be completed in two months or so and be deliveryed by August MGR Resources profitable despite iron ore price almost halving. Their last interims showed Total Assets: 25.579m, Cash 1.7m Amedeo's Current MC 11m Recently directors purchased warrants to be exercised at 1.0p and can only be excercised if certain targets are met. The initial JV with Amedeo/YZJ gave Amedeo the upper hand, including any offshore business Yangzijiang brings in, was to go through the JV. Yangzijiang is in current talks to buy Huarong Energy, previously called Rongsheng (RSHI), professional in shipping and Offshore, The decision is supposedly be made before June 2015.