Member Info for davethechef

Well it has been removed as of a few minutes ago, when I checked. Yesterday a poster named 'runwaypaul' at 9.24am said the following; 'word from twitterati is the deal is off' That's his exact words as I made a note of them. Question, I have is 'why is the LIME deal taking so long? TIA

A poster on ADVFN, earlier today has heard that the word on twitter, is the 'deal is off''. Confirmation from Silver Falcon should be forthcoming if this is true. Maybe continued suspension if they're looking at further/alternative deals. ;Don't shoot the messenger', I'm just passing this on. I remain positive but an update wouldn't go a miss, if there is price sensitive news to report.

The one analyst offering a 12 month price target expects Amedeo Resources PLC share price to rise to 75.00 in the next year from the last price of 9.00. http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=AMED:LSE

Yangzijiang Shipbuilding is investing RMB 1 billion ($204.5 million) through a wholly owned subsidiary into an investment holding company in Jiangsu, China. http://www.hellenicshippingnews.com/yangzijiang-shipbuilding-to-invest-rmb-1-bil-in-new-jiangsu-investment-holding-company/

Panic sell there, still same price to buy as last couple of weeks, 9.45p to buy. I'm being quoted 8p to sell, not 7p! First trade of the week though!

Today's Results also state, as follows,' Currently, delivery is expected in the second half of 2016 at the original contract price'. Also states, as follows 'Le Tourneau was recently purchased by Keppel FELs, which has built and delivered almost half of the world's jack up and semi-submersibles in the past decade, due to the importance and uniqueness of the Le Tourneau design. Moreover, in the current new build market, there are no Le Tourneaus that have been built on speculation. All have been ordered for clients and by clients'.

So we have had a further repayment of MGR's loan, in February this year, MGR repaid $1.71Million and still owe $400,000. So says these results and states that at the date of these financial statements, Amedeo has $4.1Million. That's a robust cash pile for such a tiddly present market capital.

I say 'hold-out' for the continued recovery in the oil markets, and sell the Rig for the best price. Sod Prinsip Offshore Drilling, for 'mucking about' our JV partners, and Offshore Yard over delayed payment. Certainly since $27 POO in February, the delay, has benefited, it's worth, as the Chairman of Yangzijiang Shipbuilding points out, in my earlier link. Now 8.65p to sell hefty amounts. Difficult to buy even a £grand's worth here now, unless it goes to NT

Just found from web. Chairman Yangzijiang Shipbuilding talking about the Rig delay to customer, awaiting next 20% possible payment or to sell Rig on the open market. Best prices improving with oil price recovery. Rmb 140 Million equals £14 Million(20% to AMED) Well it seems whatever happens, further substantial payment is due to our Offshore Yard /AMED eventually. Usual poor communication from AMED, June results should update us on this. http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/938-2016/10712-yangzijiang-shipbuilding

MM's happy to take-on large amounts at 8.55p. To buy 9.45p. Maybe 'something-a-foot'! At this new low price. Ouch!

Internationally, recently, there appears to be renewed appetite for major new rig building, as these two links suggest, but whether we'll be successful remains to be seen! http://www.offshoreenergytoday.com/wsj-iran-in-talks-to-order-5-jack-up-rigs-in-south-korea/ http://www.shipandoffshore.net/news/new-ships-weekly-report/new-ships-weekly-report-article/id/joint-venture-to-design-russian-drilling-rigs.html

It's way past time, this company made clear which direction, it plans going forward, during these continued doldrum times for offshore drilling activity. And when/whether we are to receive payment for the final delivery of the Rig? Last Summer, the Chairman of Yangzijizang Shipbuilding suggested our offshore yard would 'take-on' LNG projects, whilst oil was below $75 dollars POO. Although no comment from Amedeo Resourcesand our Offshore yard partners. We were told last Results, that Yangzijiang Shipbuilding continues to provide 'work' for our offshore yard (building blocks for ships). Is this providing any revenue however? Certainly, they are hugely busy with plenty of multi-million £ contracts to keep them profitable and busy for years to come; but will 'we' see greater activity coming our way? However, our MGR 50% holding should see greater returns, on increasing iron ore/commodity prices, as were last year, going forward, so that's atleast positive. And what about the updated, change of words on Amedeo's opening page website, a few months ago, suggesting possible RTO etc. What's the latest on this!?! Maybe the next Results will give a much needed further information on outlook plans. At this much depleted share price, market capital, I continue to hold

Maybe an announcement due just before or at the AGM, 28th June? Wishful thinking!?!

Admittedly, I've not contacted Amedeo, but this link seems to support news around about the 2nd(look under outlook) http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007YR7&LanguageId=en-GB&SecurityToken=0P00007YR7]3]0]E0WWE$$ALL

Results likely during week beginning Monday 6th June, I expect. 'Gawd knows' whether this bunch of underachievers can deliver some positive news around then, News on progress would be nice; talk about quiet....!

Taking place this July at London. Might be worth checking out. http://www.fintechweek.com/?gclid=CJmzmJbEw8wCFewW0wodMDMFfQ

Interesting article re: E & P companies & oil projects drilling expectations of future activity pick-up, as oil prices recover(mainly onshore this report relates to however) AMED's Results should be early June.. http://www.rigzone.com/news/oil_gas/a/144215/Oils_Magic_Number_Becomes_50_a_Barrel_for_Promise_of_Recovery

The Bid has stayed the same, as yesterday, but the Ask price is all over the place. Started today, as yesterday, at 12.10p to buy, then up to 12.70p for that one trade, then back to 12p, on that last sell. All a bit, MM funny games I fancy; though sod all volume!

We still expect YZJ to secure US$2.5bn of orders in 2016. Taken from following link. http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/938-2016/10681-yangzijiang-secures-us-510-m-shipbuilding-contract Surely, just a matter of time before the Offshore Yard attracts a significant order, as YZJ is one of the most successful yards globally, attracting these mega-orders.

Just announced our JV partners have acquired a 510million dollars order to build a number of very large carrier ships. That at least should provide our offshore yard with plenty of continued overspill work, one believes. I'll provide link later.