Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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YZJ 10 bagger! https://worldmaritimenews.com/archives/237023/brokers-yangzijiang-shipbuilding-bags-order-for-up-to-ten-bulkers/ https://worldmaritimenews.com/archives/238216/cma-cgm-linked-to-boxship-order-at-yangzijiang/
Fantastic news. Shows the market recognise YZJ as one of the key players in their area. Seems like a lot of big news and AMED still only had a sub £4m market cap. Hopefully we get a nice RNS by the end of the week.
Dshox Maybe they are waiting for the ink to dry before releasing news and will include this is a bigger update on the 21st December. The fact we haven't had a big rise today is frustrating though. AIMHO, Bickmaster.
Amedeo have a 19% indirect interest in YZJ Offshore, via our JV with Yangzijiang Shipbuilding. This is detailed in the investment section of our company website, which can be viewed here http://www.amedeoresources.com/en/content/7-investments/17-yzj-offshore Amedeo only benefits directly in new orders, if they are won by our JV yard, or receive other overspill work. Our investment yard relates to Jiangsu Yangzijiang Offshore Engineering Co., Ltd., details of which can be viewed here http://www.yzjship.com/en/company.asp?sid=11 Obviously, Yangzijiang have not always disclosed where new orders will be built, as they form part of their future order book. So it would be reasonable to state that further information will be disclosed in due course. From a general market point of view, this latest order win is a clear reflection of a cycle turn, as their order book is huge. Note, new orders won today, are likely to be delivered in 12-24 months time. Having a market leading partner like Yangzijiang, is huge for Amedeo. However, Yangzijiang are very much the junior partner when building rigs. We have the skillset and the contacts. Now the jv needs a new, big ticket order, which is why our top four shareholders are fully supportive investors. PI's seem pre occupied by the delivery of Explorer-1, but those new orders and the development of MGR Resources, as a commodity broker into Asia, are equally important. We await an update shortly. This is a time to be accumulating. It is a Super opportunity.
Yes, YZJ Offshore is the yard belonging to YZJ Offshore Engineering Pte Ltd, (“YZJ JV”). We have a 19% indirect interest in it. That value is reflected in the nett asset value, as detailed in the Interims and Finals. Currently, that NAV is circa 41p. Remember, in addition to the yard, Amedeo also have a 49% and 2.5% interests in MGR Resources and GKC respectively. MGR are also a loan debtor (asset), again as detailed in those reports.