Member Info for knicol46

why did the 2015 Capital Reduction voted for at the 2015 AGM not proceed? 'The Capital Reduction voted for in the 2015 AGM went all the way through to the Court, only to be knocked back because our Professional Advisers failed to spot that the new Articles, adopted in February 2010, for some inexplicable reason, failed to contain the power to effect a Capital Reduction.' incompetence by those paid to do a simple job

33m shares in issue net assets $20.6m $4m in cash at last report even 30p share price is still 40% below nav at last report current mcap around £4m – well undervalue

only 33m shares in issue

page 12 - ready stacked, http://www.braemaroffshore.com/rig-list-October-2016/

looking very positive - only 4 mm's control this stock

The contract value for the Explorer 1 rig was upgraded in July 2013 to $175m Explorer 1 news due anytime this year - positive news will see a large % climb - good luck all 33m shares net assets $20.6m $4m in cash at last report current mcap around £4m – well undervalue

on the move

few trades gives good rise - Explorer 1 news due anytime within next 2 months.

http://www.shippingherald.com/klaveness-sells-last-kamsarmax-bulker/

awaiting news

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20161025:nRSY3929Na

..

currently. last traded +7%

Progress at Jiangsu Yangzijiang Offshore Engineering Co. Ltd's ("YZJ Offshore") marine vessel yard on its first order, a Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig ("Explorer 1"), continues and Explorer 1 is expected to be ready for delivery by the end of 2016. The contract value for the Explorer 1 rig was upgraded in July 2013 to $175m. A joint venture, YZJ JV, with Amedeo holding a 46.5% stake, was established. YZJ JV in turn has a 40.0% stake in YZJ Offshore which has an offshore marine construction vessel yard. Amedeo has a 19.0% stake in YZJ Offshore. 33m shares in issue net assets $20.6m $4m in cash at last report current mcap around £4m As of 3 February 2016, 66.37% of Amedeo Resources PLC’s shares are not in public hands. Positive news will see a large % climb - good luck all!

The contract value for the Explorer 1 rig was upgraded in July 2013 to $175m A joint venture, YZJ JV, with Amedeo holding a 46.5% stake, was established. YZJ JV in turn has a 40.0% stake in YZJ Offshore which has an offshore marine construction vessel yard. Amedeo has a 19.0% stake in YZJ Offshore. current mcap £4m well undervalue!

news to follow anytime this year - Explorer 1 Rig 33m shares in issue net assets $20.6m $4m in cash at last report Well undervalue current mcap around £4m As of 3 February 2016, 66.37% of Amedeo Resources PLC’s shares are not in public hands.

looking good - news?

Explorer 1 rig news to follow anytime before end of year - rising steady over last few days, low shares in issue, a good mover

showing

Nomads are useless and receive a payment for being useless, I can only assume they resigned due to not receiving payment