Member Info for knicol46

http://www.proactiveinvestors.co.uk/companies/news/111185/amedeo-resources-says-first-rig-remains-on-schedule

Curtains ahead

$3m in cash good position

it could happen here

be out tomorrow, were out 4th Wed in Sep last year so may be out tomorrow the same.

gee

for starters

Net assets: £14m Current mcap: £4m!

Annoyed I find out from a newspaper and not from the bank and also theres nothing on Santanders website about it.

from Santander, from 11 January 2016 the monthly fee is increasing 150% to £5 month!!

from 17 July 2015 RNS: Results for the period to 30 June 2015 are expected to be released on or around 15 September 2015

the Company intends to seek the approval of ordinary shareholders for a voluntary liquidation.

Buy, Hold, Sell, Panic - you decide

I think the administrators are only paying themselves £600 per hour to administer the BHR assets. Surprisingly theres now nothing left for them to even bother continuing.

£850k net assets and 58m shares in issue gives a current MCAP share price of 1.46p until further news is released

it probably will - or bankruptcy or liquidation or other - shareholders unfortunately bottom of the pile = 0p

the extension of the standstill agreement the Board is now of the view that it is unlikely that there will be any value for distribution to holders of Ordinary Shares or Preference Shares.

current mcap £9m, only 33m shares in issue. Well undervalued

MGR Resources PTE Ltd ("MGR") has had to operate against a background of steeply declining iron ore prices which have depressed margins. Nonetheless, MGR has remained profitable and paid US$444,000 of interest to Amedeo after the year end. MGR is exploring opportunities in other commodities.

@ 30p is only £300!