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It’s on the 1 November Clox
Just wondering if anyone attended the meeting, which I think was yesterday, and anything significant from it?
The next few weeks are going see some rises, fingers crossed. Once we have some, work done, invoices paid and money in the bank we'll see a huge difference.
What a joke the spread is. That must be holding back so many buyers IMO. onwards and upwards.
9.2m Contracts?
Really good news and like you say some bigger contracts to follow (just need GDG to sort there financing). It should be a good day for us! Cheers James
I think the contracts we have in place are worth 3.5p a share
Some more contracts, looking good and the big one’s still haven’t landed yet
Seems a bit of a overly simplified version. Granted we are in a folk in the road, one goes straight up the other well lets not focus on that..............................
Both G.D.G. & G.D.L. Are in the" mire " if Mr. Grewal does,nt get his funding by the 20th Nov. His certainly seems to be cutting it a bit fine !!!
90 Days from June? So we are have started the 73 wells?
The company is also in advanced talks with other oil and gas operators for drilling work in 2017.
Look at L.S.E. fundamentals Jamie. (current libilities ) The dept total is $41.27 million , & that was year end 2014. Whats changed over neally 3 years ago , apart from more borrowings . Likewise L.S.E. is unreliably still listing brokers forcast ( Peel Hunt ) for G.D.G a buy at �9.50 . When in fact Peel Hunts latest forcast is a hold at � 1.50 . All very misleading if your not careful . Furthermore Jamie , talking of future drilling contracts for G.D.L. , most of the Chinese majors have got hundreds of drlling rigs themselves , which do the job . Hence all the wells they have , & allmost cerntainly have adapted & designed there own version of Lifabric from the C.N.P.C. Lifabric well drilled for them back in 2013.. Another concern is the fact that mothership G.D.G dept of $88 million hopefully being financed & cleared before 20th Nov. 2017 , has also got to include l would imagine at least another $80 million odd to finance all G.D.G.proposed well drilling plans , unless they suspend drilling after just a few wells , there good at that aren,t they !!!. Tread carefully people !!!
Nice one! Let's hope we get to the 20p party!!
Hi Trion I can't argue to much with the overal message in your message, although I dot see the $42MM debt you state (didn't look to much though!). Also the two major contracts we have signed in the last 3-4 years came to very little as you mentioned. I agree people need to be careful when investing here, and shouldn't risk more than they can afford to lose however there are reasons to be optimistic. Evidence that the market is picking back up, new contracts in India and China (although small). GDG has recently cleared up some historic issues which needed sorting ahead of debt being issued, once risk of insolvency from the "mother ship" goes I believe this on its own will give GDL a boost. Government policy is still heavily in favour in China and becoming more so in India. Fixed costs becoming more and more under control, shown in H1 results. Just my thoughts and why I was prepared to buy more recently. Cheers James
I’ve managed to collect 2.5mill shares in my isa
How deep is deep here? Anyone got 1%?
The facts are , G.D.L. have over $42 million dept , very little income , & no money as such to pay for more drilling contracts etc. Anyway thats apart from the fact that past drilling contracts are not worth the paper there written on. Most just seem to evaporate as per G.D.G. 30 well contract Jan. 2015 , & Essar oil 100 well contract Dec. 2013. Hence todays share value of 2--3 pence. Thats not to mention mothership G.D.G. is on the verge of insolvency if $88 million bond dept is not cleared by 20th of Nov. 2017 . ls this going to be a last minute bailout ?. Tread carefully people !!!
When you issuing an Holding RNS...LOL
Have a read through green dragon gas RNS’s who is are sister company
RNS in relation to a significant contract win?
Just one of the many ways to generate pressure and interest IMO. Who would sell at 1.7 but on the flip side who would buy at 3p when you are in theory taking a massive hit once you hit the buy button. As for the 40% increase is to generate some interest here as such a big hike will get people looking. So with the right news we could be looking at 7p by the end of next week. But if we have no news then it could well be a 52 week low. I�m hoping for the good news obviously, but I have seen this sort of thing before and I�m betting on an RNS tomorrow and hitting 4.5-5p. But that is purely my opinion, based on my current mood and the way the wind is blowing. No facts or stats!!
how do they get away with that spread. SP at 3 and can only get 1.7 to sell