Member Info for davethechef

Kingben, i can think of RPT & BMN, as recent virtual 15 baggers; both rising from lows of about 3p to hitting approx 50p, in both cases, respectively. Over a period of 12-15months. Oil production growth stock RPT & mining production growth stock BMN. ASOS rose from about 3p too, reaching 4-5 thousand sp!!! Meteoric rise starting about 2004 I believe. GKP is well known & has done rather well too, from 5p lows!

It's been posted on the advfn site. You just have to click on the link. Good comprehensive write-up of UJO's assets & latest developments. Encouraging. Suggests undervalued at just £111million mkt c.

Took a further nibble yesterday & early today. Encouraging recovery. Looking good. That dip didn't work!!!

I've been keeping an eye on last few months. Took an initial nibble today. Looks to be picking up volume & expecting greater, nearing TD. And hopefully further positive developments.

Zafar Karim has previously f**k*d-up Legendary Investments, presently Eight Peaks, and is robbing us poor long suffering(& supportive, for our sins!) P.I's of Amedeo Resources too.
The warning signs were there, of misleading statements, promising the sale of the rig, numerous times; "end-of-year" or "being prepared for delivery" etc. When YZJ's own statements suggested following year's open-market availability/sale for the rig.
Consolidation, management resignation, vague website information(MGR) no communication replies.
My own recent research, revealed & links mentioned ,the offshore yard at Taicang, being prepared for extensive LNG vessel production, commencing April, with Japanese partners; now that substantial revenue payoff{although admittedly, probably a year or two away)has been cruelly taken away from us P.I's too, after all these years, on the excuse of saving a 100K a year's AIM listing. From over 200p peak, February 2014 to 2p bid now!!!

R & B legend T Pain is also launching 26th too!

May want to look at ADVFN too, as loads of interesting, informative links etc & videos of management speaking. Phe's website obviously too. Hopefully a bright future on plastic/ waste management & hydrogen produced.

QIC hold 61%. Passing of delisting requires 75%. What must the other listed shareholders be demanding, including Hargreaves Lansdown. And voting by PI's. Is this correct?

Amed have a robust cash position, & various assets, in particular their stake in the Offshore yard at Taicang, Singapore, which continues to gain activity, in preparation to build LNG vessels. It's the only subsidiary yard of YZJ which is at Taicang, and has been stated(with my posting of links) to be the chosen yard for YZJ's recent JV with Japan's MIitsui E & S, commencing April. If the voting primarily is NO to delisting at the GM on the 17th, my understanding is, we carry on trading on AIM.

If the management had made an decent PR effort on their assets, and maybe sold their disappointing MGR Resources & Copper Mine & successfully re-invested; and the rig had been sold by their offshore partners, we'd have been traded well & gained some 'traction' by now. Their new brokers haven't maybe aided.<br />Poor communication by management to their PI's.<br />The offshore yard, as I've posted many times, may in time see huge potential, supported by Yangzijiang Shipbuilding.<br />It's all very messy & seemingly 'underhand' tactics going-on.

Recent dbs report,
Taken from below link, LNG comming to our offshore yard?: 'While market has placed much focus on Yangzijiang’s order win momentum, we opine that this is less critical given that the yard is full for the next two years. We believe the key re-rating catalysts are Yangzijiang’s successful strategic positioning to expand into LNG carrier and tanker markets and overall shipping and shipbuilding recovery leading to margin improvements.'
hxxps://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/YZJSGD_SP.xml

From below link ; Insitutional Funds buying up YZJ discretly, in anticipation of LNG vessels,
hxxp://www.sharejunction.com/sharejunction/listMessage.htm?topicId=5329&msgbdName=YZJ%20Shipbldg%20SGD&topicTitle=Cruising%20with%20the%20ship%20..Yangzijiang

D & B Hoovers report, scroll down, Estimated revenue $110.53M(?)
hxxp://www.hoovers.com/company-information/company-search.html?nvind=1287&sortDir=Descending&sort=SalesUS&maxitems=50&page=3

Awaiting official confirmation & further details, I guess, but I just came across this link which states<br />'Shipbrokers claim that the vessels will be constructed at Jiangsu Yangzijiang Offshore Engineering, Yangzijiang’s subsidiary yard that was originally intended to build drilling rigs but has been idle since the collapse in oil prices in late 2014.'<br /><br />hxxps://fairplay.ihs.com/ship-construction/article/4306816/mitsui-yangzijiang-jv-makes-maiden-ship-order<br /><br />The above could be the interim orders, before concentrating on primarily LNG vessels mentioned,on my post of 18th, beginning April 2019.<br /><br />And the below, article mentions greater details, reasons for Mitsui's wish on the JV(lower wage costs, among st others)<br />hxxps://asia.nikkei.com/Business/Business-Deals/Mitsui-joins-China-s-Yangzijiang-in-shipbuilding-venture<br /><br />This will multi-bag on official confirmation from our offshore yard.

Looks like LNG is indeed coming to our offshore yard. Huge investments due with the aid of our new Japanese partners expertise too.
hxxps://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/102018/YZJSGD_SP_10122018.xml#

I trust this source, which was the same source which , back in June I posted link which confirmed Japanese partners JV with YZJ was due, re: collaboration on LNG/Clean Energy Vessels for long term future. Same article below(from May)
hxxps://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/YZJSGD_SP.xml

And the Japanese JV, confirmation news, very recent release, shows our offshore yard & jack-up rig on display.
hxxp://infopub.sgx.com/FileOpen/YZJ%20PressRelease%20JV_Final.ashx?App=Announcement&FileID=529214

Now the former link, which is very recent, does indeed state our offshore yard will be the yard, excerpt from link states 'The production base for the JV will be at Yangzijiang’s existing Taicang yard in Jiangsu, China. The facility was previously acquired for offshore rigbuilding projects, but the plan was subsequently abolished after it completed its only jackup rig project. The initial capital will be used to upgrade the facility and for working capital purposes.

The JV yard is expected to commence operations in April 2019, pending relevant licenses and approvals from authorities. In the meantime, the JV could jointly develop and market for large LNG carrier contracts (170-180k cbm) which are typically worth USD180-200m. Assuming two new contracts are secured, it could lift Yangzijiang’s new wins from typical USD2bn to USD2.4bn or ~20% increase'

I've been suggesting YZJ's new strategy for Clean Energy Vessels/LNG builds, for our offshore yard, since the Chairman of YZJ stated this, August 2015 link below
'hxxps://www.nextinsight.biz/index.php/story-archive-mainmenu-60/927-2015/10190-yangzijiang-defies-headwinds-to-grow-capacity-orders-and-output'

Next six month should get interesting. Finally!

Atleast we continue to maintain a robust cash position which isn't far off our MC & with no debt, that's positive too. Will Amed seek other investments, not until the rig sale one suspects, to keep that healthy cash pile. I notice one could only sell miniscule amounts yesterday, like the 5k earlier. Now they will take-on reasonable amounts but are offering a tiddly 8p. You can buy at 10p but if you want largeish amounts it jumps to 11p.

Frustratingly, It continues to be primarily a waiting game on the rig sale & new orders, as MGR & the the copper mine investment are barely adding value. Reading between the lines, It wouldn't surprise me if they cease involvement with the copper mine as Iran tensions continue, One would think the major shareholders are frustrated too, with the lowly MC . I suspect they are better informed, as the Interims, once again, gave little update on progress/info re: Amed's investments & intended direction. However, with oil prices once again, back to prior 2014 levels & offshore E & P activity returning, new high-spec jack up rigs are finally once again attractive. It's primarily the huge YZJ offshore yard's management which are responsible for negotiating the best deals re new orders & the selling of the rig, as we are the lesser 19% tied. Although, these are mega £Mill negotiations! vs our present minuscule MC & disappointments re our other investments.

With 80% of mined platinum & pallidum comming from South Africa which is increasingly looking unstable; our resource should benefit increased prices & demand, in time. With a few big up in comming RNS due, with today's news, prior uncertainty issues now cleared up positively and with increased volume expected, I can see this as the next multi-bagger re AIM tiddlers. Imo

Next week could get interesting re the Interims. The 10.33's are buys.

Flappychicken & TDT, your negativity will be brushed aside, with the volume of buys in comming days. Today could well be the last day of buying much under 0.50p i'm predicting. No debt & a producer for just £10million MC. Can't say that for many AIM miners. Good luck to genuine holders

Today's JV involving YZJ does demonstrate their increasingly proactive & progressive growth; although will our offshore yard, be involved somehow/take-on further work. Remains to be seen. Ismalia, agreed, the website is a joke & that goes for management's communication with P.I's(returning calls & emails, notably) Their faithful, largest shareholders, one expects, are better informed!!! Just maybe, the Interims, will kick-start a greater interest here & better communication.

Approximately two weeks to Interims. (last year 26th) Hopefully, positive updates on MGR, the Offshore Yard, copper investment & the rig sale latest. It's been desparetly quiet!