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same geology peroid as China and Indai plays ... Geology team are very focused on this time frame world wide. Poland next after Indonesia ... Pound to a penny it is !!!! Poland just like China has seen some majirs leave because they do not have the technology GDG GDL hold to drilling productively in this golden basin. Chinese experiences, testing and proven producion in tough tight gas fields has been vital. Buy and watch these golden tickets fly !!!
I see GDL have announced theirs on the 17th July so there is every chance GDG will be on the same day. A few nice buys going on at the moment. Perhaps some more good news ?
Some nice buys going through an two big ones today from 20th June. MMs must be sweating....
71, same as indicated in Jan ops update. Wonder whats been drilled since Dec 2013 ? RG stated that by Easter operations would be up and running !!! Surprise coming ?
Totally agree with you on the GIC position. It's screaming buy buy buy. I don't have 50m in this but the basics still apply whatever your investment.
I bought some on thurs in the low 5's...there is no way I would have waited for Monday. GIC taking another 50m with a strike price at 5.60 BEFORE the eoy was issued is a great signal that even they think stock will pop post the eoy...otherwise even they wold have waited post eoy.
Best of luck holders the clock is ticking and Monday will be with us soon enough !
I am not in here now, but still watch as my profits were put in to GDL at their lows. Lots of 10k buys and sells. Accumulation I guess, but nice to hear the views of the story today. How are you fixed for some BIG late buys of 50k + ???
Big for a pi ?
More of an implosion...I hope you meant £!!!
More of an implosion...I hope you meant £!
That sounds ominous!
When this hits its going to be an explosion of buyers. Could easily hit 6-7p in within the month I think.
http://www.naturalgasasia.com/green-dragon-gas-ups-china-gas-resources-12450 May be of interest to potential newbies.
Think we are on a winner this time. No dramatics just good solid business practice and for sure we will be at £11.00 year end. Perhaps by the autum or sooner as the good news filters out to the market. Best of luck to you.
Hi Nice have you on board. I would think there are a few IIs that are looking closely at this now GDG has such a credible investor and buying above market price. All looks set or a great Monday.
Hi Themelin, didn't want to leave you here on your own........GDG has everything in place to rocket looking forward to Mondays results. Apart from market forces can't see any downside to this, a long term hold which is rare for me.
Very soon now and who knows it may just be sky's the limit this time !
"I am delighted to report that this convertible bond issue is once again to GIC. GIC's decision to make a further investment in Green Dragon, at a premium to market, is a further endorsement for the Company, its strategy and value and from an investor that knows China and the region extremely well. With title matters firmly behind us and with CNOOC, CUCBM, CNPC and Petrochina as well funded partners alongside us, we look forward to working with our partners to progress operations and fully realise the significant value of our assets, as demonstrated by the reserve report issued last month. Concurrently, our discussions on debt facilities to expand our drilling program continue."
Convertible Bond Thu, 5th Jun 2014 07:00 RNS Number : 8791I Green Dragon Gas Ltd 05 June 2014 ? 5 June 2014 GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") US$50 million Convertible Bond issue at US$9.34 per ordinary share to GIC Private Limited Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that it has issued a second tranche of the convertible bond facility first announced in December 2013. The second tranche of US$50 million has been fully subscribed by GIC Private Limited ("GIC"), a Government of Singapore sovereign wealth fund. The convertible bond is unsecured, has a 7% coupon, a 36 month maturity, and is convertible into ordinary shares at a conversion price of US$9.34 per share. The Company has the right on the second anniversary of the issue date and onwards to call the convertible bond under certain conditions. Jason Triplitt, Head of European Equities, GIC Asset Management, stated: "This further investment made in Green Dragon continues our support to the Company and its continued progression." Randeep S. Grewal, Founder and Chairman of Green Dragon Gas, commented:
GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") Notice of Results & Analyst/Investor Call Green Dragon Gas, one of the largest independent companies involved in the production and sale of CBM gas in China, will be announcing its Annual Results for the year ended 31 December 2013 on Monday 9 June 2014. The Company will be hosting a conference call for analysts/investors on that day at 10am UK time.
The conversion is £3.80 as just been pointed out they purchased in $. Still good for GDG as it shows conviction in business.
This is indeed good news and the conversion price is just over £6.00 so should underpin the sp nicely. Jimmy Iam not a prem member now but happy to discuss on the board with you anytime.