Amedeo Resources - Re: AMED Stream Log - If I remember the strategy...

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Re: AMED Stream Log
06:27 03/06/2015
Thediceman
0 replies 0 0

If I remember the strategy behind the investment in MGR was to provide more day to day liquidity for Amedeo, whilst it's paid its interest it hasn't paid a dividend and the future seems bleak. Will it be able to pay this 15% coupon next time around. They have laboured the point that the yard can take overspill and is in fact doing so, however it would have been good to see how long this has been happening and a rough idea of the monetary benefit. Hopefully Lau is out of the office securing a big order!

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