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Not sure on that ismalia, September results will update us further. The shipbuilding & offshore market is indeed recovering, slowly. An article as recent as today, mentions Keppel Fels agreement with Borr drilling for the payment of high spec' jack-up rigs. Taken from below article, The price for each rig, which includes the milestone payments already made by Transocean, is $216 million, compared to the original contract price of $219 million. hxxp://www.offshoreenergytoday.com/keppel-borr-firm-up-delivery-dates-for-five-jack-ups/ Also posted today, South Korean shipbuilder Hyundai Heavy Industries (HHI) has seen its newbuilding orders surge during the January-May period. And I hear today, the Gulf States intend to start to build the largest ship yard, for that part of the world. The market is in recovery mode. I do believe the Rig will be finally sold this Summer, and the yard may way pick up another sizeable yard, finally too, as the market recovers, as mentioned. The SP will rocket, on both counts.

This month's article on how our JV partner has been preforming, including the Chairman speaking(strong growth/outlook) hxxps://www.nextinsight.biz/story-archive-mainmenu-60/939-2017/11477-yangzijiang-firm-share-price-on-order-and-earnings-momentum Hopefully, our Offshore yard, has picked up greater work/revenue, since last results. We should hear next month

Encouraging article, states following; For now, the hunt goes on. We expect to see more transaction activity from more players throughout the year as the market reorganizes itself and bid/ask spreads come closer to each other. Newer assets (jackups, harsh environment floaters, and to a lesser extent, ultradeepwater drillships) owned by high quality owners or yards will be primary targets. Like I've said I believe our offshore yard, are holding out for the best price/deal on rig sale, how long that takes, who knows! However, maybe next month's Results may update us further. http://www.offshoreenergytoday.com/bassoe-the-hunt-for-offshore-rig-deals-continues/

Very recent interesting, detailed view on rig market, present & future. Mixed, but again mentions high spec' rigs are most in demand, as we know. hxxp://www.offshoreenergytoday.com/bassoe-forget-rig-oversupply-the-offshore-rig-market-presents-opportunity/ It's the continued waiting game, re rig delivery. However, it'll be interesting how MGR Resources has preformed on last year's second half commodity price rises especially, in June's Results(last year came out on the 14th) Bit strange, but if you click under Investments on Amedeo Resources website, & onto MGR Resources, there appears no information. Perhaps the page is being updated??? Or there's some announcement due. Has the offshore rig yard, picked up greater work & revenue too(overspill work from YZJ)

Another encouraging article on recovering rig markets, mentions KEPPEL FELS, which our rig is linked to. Taken form yesterday's article, 'Troim and Fredriksen go all in on rig purchases while droves of investors look to jump on for the ride. If the market continues its recovery, they'll do well. Rig values are rising again, and a lot of people are betting on a full recovery and a return to good times.' hxxp://splash247.com/norwegian-tycoons-cash-record-low-rig-valuations/ As I've mentioned before, I'm of the belief that our JV partners/Keppel FELS are holding out, on the recovering/better prices expected rig market; which could make substantial £ difference. If our rig is not sold by June results, I'd expect an update re progress then.

There has been updated figures and wording re MGR, on QIC's 'Other Investments' page under Background. Maybe it was updated for the New Year, but I can say I checked the previous page(wording) about the end of 2016, and MGR's total transactions read then, I'm pretty sure about $55Million. Now it read's totalling $93.5Million. We don't know when these figures take us to, but that's an impressive improvement! hxxp://www.qatarinvcorp.com/other-investments/ June's Final Results were on 14 June 2016, so should be about 3 months wait. They should excite, as will the Interim Results in September. As for the rig delivery, I'm of the increasing belief it'll be in the Summer(an update would be useful) BWTFDIK!

Shukan, all good & well for you to mock, but the facts are that CEO Beeston has so far underachieved & under-delivered on his suggested time-fame that he'd have huge deal within a year, of an interview mention, from December 2015 I was hoping that we'd hear something exciting, last week, at the time of their investor appearance at the 02, but again, it ended, mere,wishful think, and a disappointment.

Our JV partner, looking increasingly strong with a healthy outlook. https://markets.ft.com/data/equities/tearsheet/forecasts?s=BS6:SES With oil prices stagnant(although analyst expect a brighter 2nd quarter and further into 2017) it's been mentioned before by the Chairman of YZJ that for our offshore yard, LNG & clean energy vessels could be the future. One expects our yard to have picked up greater 'overspill work' since last results/September.

Our JV partner, looking increasingly strong with a healthy outlook. https://markets.ft.com/data/equities/tearsheet/forecasts?s=BS6:SES With oil prices stagnant(although analyst expect a brighter 2nd quarter and further into 2017) it's been mentioned before by the Chairman of YZJ that for our offshore yard, LNG & clean energy vessels could be the future. One expects our yard to have picked up greater 'overspill work' since last results/September.

https://twitter.com/Shukan007

Interesting very recent article re: Chinese Iron Ore strong demand/margins http://www.reuters.com/article/us-china-ironore-idUSKBN16911Q Taken from above article, booming Chinese steel market pushed iron ore .IO62-CNO=MB to $94.86 a tonne last month, its strongest since August 2014. With Beijing expected to boost infrastructure spending, the raw material looks set to rally further, making domestic production more viable. All looking positive re; MGR Resources especially come September's Results

Well, year-on-year, results for June & particularly September's revenue re: MGR should be substantially higher with the much improved copper & iron ore prices in 12/18 month period(and a 10% yearly interest on loan) Plus, especially benefited by our copper mine's stake & 'tie-in'. I'm pretty sure AMED will up their stake in the copper mine, once the rig monies surface. The commodity 'cycle' has returned with favourable prices after the depressed prices, leading up to a year or so ago. That's fortunate and looking positive for a considerable period, one hopes, with major global infrastructure spending planned, once again.

Bid up suddenly, on one buy, and difficult to buy more than 1k now! Was 10k earlier today limit, then NT. Shares increasingly 'tight' to obtain.

Interview posted today, on offshore drilling markets. Summaries, with 'On the newer rig side, high spec jack-ups and harsh environment semis have the best potential in the medium term' http://www.offshoreenergytoday.com/rig-values-have-bottomed-out-cold-stacked-units-unlikely-to-come-back/

At least MGR Resources should be doing well on continuing high copper prices(& iron ore)but as for the rig delivery delay, zzzzzzzzzzzzzz...! http://www.mining.com/copper-price-surges-bhp-force-majeure/ Certainly out of favour, at present AMED, no buys all week!!!

Again, can only buy a few hundred £'s worth . Real spread tighter, 19.50p now to sell, 20.98p to buy. As this report suggests, just maybe holding on further, the appetite for new high spec Rig's may about to return. I'm sure like us PI's, awaiting, seeking, another Rig & like, deal, has tested our patience. But oil prices very slowly are on the increase, and becoming once again, looking more attractive for costly offshore drilling. It'll be interesting to see how much our share of the rig sale is. hxxp://oilprice.com/Energy/Crude-Oil/Is-Deepwater-Drilling-About-To-Make-A-Comeback13192.html And we have the increased potential gaining in our MGR Resources, fortunately.

Can only buy a few hundred £'s worth Strange going-on's here, I fancy. Taking it down a fair % on small volume. News soon???

Encouraging report re; copper future https://agmetalminer.com/2017/01/26/is-copper-setting-the-stage-for-another-20-price-rally/

The nine companies appearing at Momentous o2, 9th March, confirming Silver Falcon. One suspects a re-listing around that time or before. http://www.momentousevents.uk/eventsuk.html

Copper hit a 19month high at 2,710 dollars per pound buoyed by concerns of Chile Miner's likely strike. And some forecasting possible 3,000 dollars if strike continues long-term, in one of Chile's largest mines. One expects MGR to benefit handsomely on continuing high prices on copper & iron ore( I can't paste link as PC down)