Member Info for davethechef

�So for these reasons, when it comes to investing for a couple of decades into a fleet, then definitely LNG is THE fuel of choice,� https://worldmaritimenews.com/archives/247762/what-will-be-the-marine-fuel-of-the-future/

I came across this recent article, could be very significant for our offshore yard sometime in the future. Our JV partner YZJ's Chairman Ren Yuanlin & CFO Liu Hua give insight on developing tie-ups & LNG fuel stations (which I believe will involve our offshore yard) It's been mentioned before in previous years by the Chairman, Clean Energy Vessels/LNG will be part of our offshore yard's future but this article, dated earlier this month, gives the greatest detail & would appear to be only a matter of time. From the below link, it states 'We are looking into investing in LNG fuel stations along the shorelines of our shipyards as demand for LNG is becoming more widespread. With the rising importance of environmental protection, there is a huge demand for infrastructure in the resource sector. Our shipbuilding value chain is a huge platform for such opportunistic ventures'. Plus they mention 'We are in talks with foreign players with advanced technology to possibly collaborate in high-end LNG carrier vessels. It will be difficult for the Group to maintain high margins if we build only containerships and bulk carriers'. https://www.nextinsight.biz/story-archive-mainmenu-60/940-2018/12056-yangzijiang-fy2017-net-profit-surges-67-to-rmb2-9b-cautions-on-risk-of-margin-erosion

Wishful thinking! Moved up to 2.41p to buy now. Results due soon & hopefully news of funding soon too.

Recent article on a huge �Billion deal on oil shale investment in TEXAS. Wow!!! hxxps://www.rigzone.com/news/wire/exoccidental_chief_in_266b_deal_for_enervest_shale-20-mar-2018-153944-article/

Was trading these a dozen or so years ago, and made a small profit before the horrendous slide last few years. Kept an eye on them very occasionally since, and have taken a wee punt on them today; on surviving with funding, and finally someone taking-on the shale licences. Here's hoping. At a mkt cpt of less than a million, I think it's finally worth a gamble! GLA

More latest news on Singapore's Maritime industry's future hxxp://splash247.com/singapores-innovation-drive/

This news today, looks positive & encouraging for our overall area's future growth hxxps://worldmaritimenews.com/archives/246683/singapore-invests-more-in-future-maritime-industry/

Back in the Summer i posted that i thought they'd likely have to sell the rig to an another client. I'm ok with that. As myself & howdlep has posted a number of times over the past months, the offshore, rig market is very much in recovery mode. Ours is one if the most highly spec' rigs built & consequently in demand. However, it needs to be at the right premium price. It won't be sold cheaply. As previous RNS's have mentioned there has been credible interest but i guess they are seeking the best price. It's my opinion that the original client can't raise the required funds; they've had well over a year now since that December 2016 news. But last September's Interims news is puzzling re delivery. DYOR The first trade likely a buy. You can sell hefty amounts at 11.55p. To buy now 13.37p

Total buys 100k including the 10k at 14.5p. Sells total 70k. No surprise really!

Jumped to 15.90p to buy now, so without any obvious recent buy showing may be a delayed buy going through to take the price up from earlier quote I had of 15.22p

Not reported at the time by AMED, but this JV does directly involve our offshore yard(two links below) This JV and our 49% interest in MGR look increasingly progressive, particularly the latter, revenue producing on commodity price rises. http://infopub.sgx.com/FileOpen/Announcement_YZCK-Fin.ashx?App=Announcement&FileID=468166 http://splash247.com/yangzijiang-establishes-new-offshore-structure-manufacturing-jv/

YZJ results won't directly influence Amedeo, is my belief. Apart from some overspill work as has been reported in past RNS's. However, the most profitable ship yard in China(non state owned) YZJ 'looks good on our C.V' we have a JV with them through our offshore yard 19% interest. We are awaiting the rig sale and further contracts. Below is my post of 21st when the SP was a mere 9p 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.

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.

Those recent 'sells' are buys. You can buy at 8.46p. So reading trades can be misleading; which isn't unusual of course, especially with AIM and the MM tactics. GLA

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)

China's the future and at the forefront re Shipbuilding & LNG is the 'talk-of-the-town' for future too. After Asia's largest shipping show, last week. hxxp://splash247.com/marintec-china-showcases-future-shipbuilding/

Latest forecast: Positive future expected for Iron ore(MGR Resources) https://www.bloomberg.com/news/articles/2017-12-04/iron-ore-surges-toward-bull-market-as-china-supercharges-steel

On the same lines at YZJ's link from Knicol, this mention from today, on how LNG is increasingly seen as the future. http://worldmaritimenews.com/archives/236647/survey-lng-retrofitting-sparks-high-interest/ Indeed YZJ's chairman has stated this over the last couple of years, and has stated our yard, as I've quite recently posted. Just a matter of time before an interesting development occurs.

A certain cpap, on the Top Traders thread for Professionals, this morning was posting that he heard, read; Rumours of a major deal @ AMED When I asked him his source, he said, from twitter & LSE. I haven't seen any mention on LSE. Even without above, our M/C should be a lot higher anyway. I believe, our Offshore yard, will be involved in a clean energy vessel/LNG deal next year, & maybe another rig construction deal. Plus MGR should have performed a great deal better with help from the loan & copper investment. Would be nice to hear from the long awaited rig sale(payback) into our offshore yard JV partners, before year end too.

As I suggested months ago, I believe our Offshore yard could be delaying/holding-out(negotiating) for an increasingly better price for our high spec rig, as months pass. We've not been told the latest on whether it's still for the purchaser, mentioned 21 December last year, or whether a new buyer has emerged. However, as this link suggests, the rig market continues to improve. https://www.bassoe.no/jackup-rig-values-to-rise-further-on-back-of-market-moving-deal/news/63/ Interesting howdlep. Seemed someone wanted out today