izzy bear
09 Oct 2017
Re: The Rig I did say the Rig was being prepared, in my previous post, well that is what it said in the results, as we both know, Nice climb today on no news, trouble is, when I see that I start to wonder when exciting news is due,I topped up last week, as like you BOWOOD, I feel this share is way under valued.
BOWOOD
09 Oct 2017
The Rig Lest we forget:- the interim results told us that the rig was being prepared for delivery - not the rig is ready for delivery.A subtle but much more positive wording!
BOWOOD
08 Oct 2017
Re: Has the Rig Sank At the moment the cash and loan to MGR are worth more than the 10p sp and then we have the investment in the mines and the substantial investment in the yard, so assets of at least 50p and good earning potential. We are all focused on he sale of the rig but there is a lot more on offer here. Importantly we also ave some interesting investors who are simply waiting to free up cash from the rig sale before making the next move. Interesting couple of months ahead IMO.
izzy bear
08 Oct 2017
Re: Has the Rig Sank As it was stated in the results, they were preparing the rig for delivery, Well I hope your assumption is correct BOWOOD, that there is a possibility for the shares to reach 30p, I would be happy if they returned to 20p.When the Rig finally goes, I'm wondering what will happen to the ship yard, as no news has been reported for any other work, or work in the pipeline,With no New builds, I would imagine they could use it for refurbishments, or storageBe nice to get something positive from Amed, some over due good news maybe, that's if they have any,
BOWOOD
07 Oct 2017
Re: Has the Rig Sank AMED is not for day trading IMO. However I do feel it is one to buy into ahead of the year end 31 December as I am sure they will want to get the sale of the rig in the year end numbers. Were that to happen and with good progress on processing metals into China by MGR there should be scope for a massive rerate. Such a rerate could come via a pre close statement in December following the receipt of proceeds from the sale of the rig. There could be scope for 30p plus by the end of the year.
Oh Wise One
06 Oct 2017
Re: Has the Rig Sank Guys as I have said on the advfn board, it's just a day trader taking a £462 loss from his 27,227 purchase on Monday!MM's happy to take a sell like that all day long.Have a relaxing weekend 
.
izzy bear
06 Oct 2017
Re: Has the Rig Sank I would imagine there is still a lot of cash tied up in the rig, money that could be utilised for other investments, Whilst I realise the MGR investment could reap big rewards, with the copper price on the rise, the Rig in my opinion is becoming a thorn in its side.Still only one trade today, so no real reason for the drop, Spare cash is a bit short at the moment due to investments in Plutus and N4Pharma, but I agree, this really is worth a top up at the present price.
BOWOOD
06 Oct 2017
Re: Has the Rig Sank Market is thin so may be worth picking up a few. The rig is a big thing here but I feel the more interesting investment is MGR; and its links to the copper mines could produce massive returns. MGR is highly operationally geared and increased brokering of copper and other metals into Asia will bring huge profits from our 49% interest.
izzy bear
06 Oct 2017
Has the Rig Sank One trade today for less than £2 1/2k and the shares drop 13%, has something happened in the background and no one is telling..Oh well, lets see how it closes
Oh Wise One
03 Oct 2017
Are pi's ready for a cycle upturn? It's all a numbers game, as the market anticipates rig scrapping and increased demand. Of course, the latter will be influenced by geopolitical events affecting the oil price and day rates. That is why companies with high spec jackup rigs will eventually be in a very strong position.Interestingly, as we progressed through a much lower capex spend for oil companies, that decreased demand for rigs, triggers further scrapping. Something that is vital for the industry. This allows the big players to benefit hugely from the cycle upturn.Note the last paragraph headed "85% (utilization) will happen eventually""We don't know when we will see 85% utilization across the market. But we expect the jackup and semisub markets to balance first. And once someone decides to scrap the first modern ultra deepwater drillship, we'll know we are getting close.[link]
izzy bear
01 Oct 2017
Re: RNS - I disagree Well they did say in the results, that "they were preparing the Rig for delivery" which surely can't take that long, we are into October now, so I'm hoping the rig will be delivered before the end of the year, and the money is in the Bank,Just a pity the Rig wasn't sold and delivered after completion at the end of last year, as it would have given Amed the money for re-investing, instead of it being tied up.
BOWOOD
01 Oct 2017
Re: RNS - I disagree Copper seems to be the current flavour and MGR should benefit as should the association with the copper mine investments. The sale of the rig which could be sooner rather than later will provide a massive rerate. if I you need to be patient and if not there is good reason to buy in and at least double your money before the end of the year.
izzy bear
29 Sep 2017
Re: RNS - I disagree It seems that those who sold out on results have made a mistake, and failed to see the bigger picture, it looks now we are back to pre results levels and a stronger price.Come on Amed, get that Rig sold and give the bank balance a boost.
BOWOOD
29 Sep 2017
Re: RNS - I disagree Having read the Interim report again and the wording regarding the rig I feel convinced that the rig will be gone within weeks rather than months thus freeing up substantial funds for re investing. And this will be a bonus for the sp as the current investments in MGR and the mine, together with cash in the bank is worth about 12p a share. This value would increase more than 3 times on the rig sale so any positive news about this would substantially increase the sp - the trick is to be invested before this happens. Also the investment in MGR could prove a good earner as the business develops further. I will be adding in the coming week as I see little if any downside.
Oh Wise One
27 Sep 2017
Re: RNS - I disagree We just need more newsflow and our brokers to earn their fees for once!Total volume yesterday, including the two buys, was only 38,478, so less than £4k. The price movement simply reflected a thin market for what is an illiquid stock. This is why accumulating on weakness will continue to be my policy.As we know, the top four shareholders account for 81% of the shares. Of those, Mena Global Investments purchased at 100p and Qatar Investment Corp, Global Tech Investments and Dune Engineering at 50p. These figures I have adjusted, post the 100:1 consolidation.Warrant options are priced in the 50p-100p range, with the latest for Mr Glen set at 100p.In my opinion, the risk/reward represents a real opportunity. Time will tell, just how good.
