Member Info for guru121

At last some good news on our way,fingers crossed.:)

Q1 next year before the multibag potential is on the table,imo

Mr Chow,congratulations! You have officially become a sixty-niner!

a sleeping volcano,this one,comes to life every so often,the time is nearing though.:) Get your positions right before it's too late. On going talks with multiple parties,we should be hearing some good news soon.:)

It will be a tall order as you are a different species. we are human species.

Peel hunt on .20,never seen that before.

As the company is in the process of getting new orders,"The Yard" is still busy with the work. "In the meantime, the New Yard is absorbing overspill from Yangzijiang Holdings' principal yards by building blocks for container ships. Along with completing the order for Explorer 1, these activities keep the New Yard busy while NEW ORDERS ARE OBTAINED.

The trend appears to be away from deep water vessels to mid and shallow water vessels and more advanced and specialised (by locality) vessels. The New Yard is well placed to build such vessels. Moreover, in addition to building oil rigs, the New Yard has the capability to build various other vessels including offshore vessels (jackups, semi submersibles and accommodation units) and fabricate blocks for container ships and gas carrier vessels. DISCUSSIONS REGARDING BUILDING SUCH VESSELS ARE ALSO UNDERWAY.

From Rns dated 02/06/2015, Amedeo is in continuous discussions with respect to obtaining further orders, and some of these discussions are at an advanced stage.

As mentioned in the interim statement, as a new fabricator, YZJ Offshore needs to develop its reputation and brand. With Explorer 1 now having been launched, third parties have been inspecting it, its build quality and the New Yard. Indications are that they are satisfied with the New Yard and build quality of Explorer 1, with both comparing favourably to other Chinese yards. The launch will be the catalyst as the company as the company is in advanced discussions.

Finances have improved considerably & the co. is sitting on a healthy cash pile. Notwithstanding significant weakness in the iron ore price, MGR marginally profitable, and paid over US$400,000 of interest to Amedeo · Excluding non-cash items and one-off items, loss on ordinary activities before taxation reduced by 53% to US$128,000 (year ended 31 January 2014: loss of US$272,000) · Successful equity fundraising of US$8,554,000 02/06/2015

Launching Explorer 1 Http://yzjoffshore.com//news/index/7

Shareholders as at 01 July 2015 with a 3% or more interest in the Company’s share capital. Qatar Investment Corporation (1) 61.09 Mena Global Investments (1) Limited 9.20 Global Tech Investments 1 PTE Ltd 5.28 Dune Engineering PTE Limited 5.19 (1) Qatar Investment Corporation is a wholly-owned investment vehicle of Mr Ghanim Al Saad, Non-Executive Chairman of the Company.

AMEDEO RESOURCES Strategic review Amedeo Resources is a resource and energy related infrastructure and asset investment company, with the Qatar Investment Corporation being the majority shareholder. The Group is headed up by Glen Lau as Chief Executive, previously having held senior positions at PPL Shipyard in Singapore, a US$1bn revenue offshore rig producer, part of Sembcorp Marine (listed in Singapore). The first investment has been in YZJ Offshore, which is currently building its first rig at its yard, located 130 kilometres north of Shanghai on the Yangtze river. Amedeo also owns a stake in a small commodities trading business, MGR. Recent History Looking at the recent history of Amedeo Resources (originally Creon Resources), £12m was raised in June 2012 to fund a strategy of investing in the resources and supporting infrastructure market segments. The largest investor in the fundraise was the Qatar Investment Corporation at a price of 0.5p. Shortly after this, the Group made its first investment in YZJ Offshore, with the current Chief Executive, Glen Lau and Chairman, Ghanim Bin Saad Al Saad being appointed. In December 2012, YZJ Offshore received its first order for a Le Toureau Super 116E design jackup rig worth US$170m (subsequently increased to US$175m). Fig 4: Timeline 06/12 - £12m capital raised 07/12 - investment in YZJ Offshore 09/12 - Appointment of CEO & Chairman 12/12 - First order received - S116E $175m 04/13 - Acquired 49% of MGR 06/15 - On track to deliver S116E Q4 2015

In April 2013, Amedeo acquired a 49% stake in MGR Resources for £30,000 plus a 15% coupon convertible loan to MGR of up to US$1.95m for working capital. A further £5.2m in equity was subsequently raised at a price of 1.0p in April 2014, of which £3.3m was used to fully pay up Amedeo’s stake in the YZJ Offshore JV. Group structure & investments Amedeo’s investment policy is to invest primarily in the resources and energy related infrastructure sectors worldwide, whether it be a controlling or non-controlling stake and act as an active or a passive investor. Investments may be either quoted or unquoted and maybe in companies, partnerships, joint ventures or direct interests in projects. The structure of Amedeo’s investments needs to be clearly understood, particularly in relation to the YZJ Offshore JV, where Yangzijiang Shipbuilding (SGX:BS6) is the other significant shareholder. Amedeo holds a 47.5% stake in YZJOE SingCo, a JV established between Amedeo and Yangzijiang Shipbuilding, which in turn owns a 40.0% stake in YZJ Offshore China, providing Amedeo with an indirect 19.0% stake in the yard. Amedeo’s second investment is at 49% stake in MGR Resources, a small physical commodities trader, the aim of which is for the profits due to Amedeo to cover Group overheads.

Fig 5: Investment structure YZJ Shipbuilding (mkt cap $4.3bn) Amedeo Resources | | | YZJ Offshore JV - Singapore (47.5%) MGR Resources (49.0%) | YZJ Offshore - China (19.0%) Source: Amedeo Resources YZJ Offshore In July 2012, Amedeo made its first investment, costing an initial £9.6m by taking an original 46.5% stake in YZJ Offshore Engineering Pte Ltd (subsequently full paid up with a further £3.3m investment), which has a 40.0% stake in YZJ Offshore. Amedeo’s partner in this venture is Yangzijiang Shipbuilding, the largest non-state owned shipbuilder in China. YZJ Shipbuilding’s shares are quoted in Singapore and Taiwan, with a market capitalisation of US$4.1bn. YZJ Shipping produces a range of large commercial vessels, such as container ships, bulk carriers and LNG vessels, having gained a reputation for delivering its vessels on time, on budget and strictly to the quality standards set. YZJ Shipping has backed this venture with Amedeo as it looks to expand into adjacent markets, in line with China’s economic strategy to move increasingly up the value chain. There are currently ten offshore yards in China, including YZJ Offshore’s yard, capable of producing rigs; the other nine are state owned. Rigs built in China to date out of the nine state owned yards have had a number of quality issues. However, the economics of building rigs in China are clearly highly attractive if these quality issues can be addressed. The Chinese Government is firmly behind YZJ Offshore, providing the land on which the yard is located at an attractive rate, in combination with investing in the surrounding infrastructure such as roads. MGR Resources The decision to invest in MGR Resources in April 2013, in which Amedeo now holds a 49.0% stake, was taken with a view that dividend payments from MGR to Amedeo would cover the day to day running costs of the company. The business historically focused on ferrous metals and ore into China. With the fall in the price of iron ore, and subsequent fall in brokering margins, MGR has since been exploring opportunities in other areas.

28.12 to buy,not bad at all.

Morning gents,how long before the "most anticipated news"?

I just saw a post by smiffy@home,next minute it's gone,bizarre.

how many belong to you kiwi?