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I'm encouraged by the size of that buy (presuming it is a buy). Bearing in mind the spread he's already on a big loss. He must know something to invest that heavily. Maybe my buy at 4.50 on Friday wasn't such a disaster after all
Probably to let that 1.5 mil buy go through
can anyone more knowledgeable than me hazard a guess why the spread was dropped prior to closing when it has remained the same for most of the day?
Only added $15 million over 3 years.... that's about £4million a year and that doesn't take in to consideration costs and wages. The market cap is already £10million so I'm not surprised this came straight back down.
4% down
The Chinese and Indian players only trust this company because it is UK listed, I would suggest it would not be in his own interest to take it private.
be another FXI where the BoD think AIM does not reflect the true value they see in the company and delist .just a thought.....B
Crazy
I bought initially at 11p then started selling at 17.5.... dropping down through 8p i bought back although much smaller amount and sold at 5p for a loss... Have recently been accumulating a modest amount anytime under 3p which I think offers fair risk/reward for the current state of play... Def has the potential to hit 20p again but need the money in the bank before sentiment returns...
AIM is very weird, seems to bee picking up early afternoon.
seems a remote possibility here, AIM is so weird !!. feeling sorry for those who bought at 4p+ this morning.........I held these years ago when @19p........... seems it will need a bigger push to get in to double figures again (if ever !)....B
Well we needed new blood and its arrived, maybe now they should have a look at what we do... Yes, there is definite multibag potential here but not from this contract - this is merely pocket money to keep us going until the real ones hit from China. Have a look at GDG latest investor presentation: https://viz.tools.investis.com/green_dragon_gas/efr/live/Apr-2017/index.html#12 bottom line of page 12, Launch GSS LiFaBric drilling programme... Who does their drilling? GDL. How much is a LiFaBric well worth to GDL? $1.5m Now have a look at Dec 2016 GDG presentation: https://viz.tools.investis.com/green_dragon_gas/efr/live/Dec-2016/index.html#10 Page 10 - Have a look at how many they plan to drill, maybe just 2 this year, but then 9 in 2018... Not to mention further contracts due in both China and India. This company is well below NAV as China is in a slump and will continue to be for a while, 1-3 year timeframe we could easily see this at 10x current price IMO. A long way to go and with the volume we have currently the spread will kill any day traders... This share is still a HOLD but GL to the newcomers...
See The MMs are here to help out
nm
that's simply not true. Buys are not coming in, the price is now 21% up and sells are coming in. Good luck all long term suffers here, still a mountain to climb
Wouldn't be surprised to see this finish flat at the end
Auction again this is gonna pop
Which way?
No Auction
suspended?
gla
I don't think he will take it private. But saying 10p today is never going to happen. 10p buy year end maybe if other contracts come in.