Member Info for bonum

o/t there was some important news on GNG today but dyor as always gla

Firstly, the 'genuine holder' comments weren't targeted at anyone but more anticipation of what i expect the board to descend into once confirmation of a successful completion of the sale occurs. I think it'll be pretty much anarchy here, so just acknowledging all the genuine posters currently contributing to the debate. Regarding the other points, a major issue for investors or potential investors was the very short term financing situ related to 'technical defaults' associated with the bank debt. Although Standard did give a verbal agreement not to call that in until the turbine sale concluded, the arrangement with Bluestone now introduces a much greater level of assurance with the secured loan now having been paid. Reagrding current negotiations, we alraedy now that a party has indeed come forward & is willing to pay the price agreed with Iris ie $31M. That's clearly stated in the 1st March RNS "negotiations are now taking place with another party willing to acquire the turbines for the same US$31 million price agreed with Iris". However, its also states "The board continues discussions with other parties who have expressed interest in acquiring the turbines" Obviously the BoD are looking for the very best deal for the Company (and shareholders) going forward & to underpin the growth strategyu & potential inherant in the geographic sector. The Blustone deal means they're in a much stronger position to do so whilst adding reassurance for investors looking to enter positions for that sale processs to be formally concluded. atb

New SaaS Contracts due as you say - many who are familiar with the investment case, underlying geographic market factors & tendency of the price to experience strong moves would concur with your mid 20p estimates atb

Most shares owned by the Management & company employees so very few free to trade. That's what instigated the exeagerated price drops in the first place & should see equally large moves up as a shortage of stock should reflect in major upward price hikes gla

Should get a good recovery in the SP being initiated now, as the uncertainty re: the CULS has been taken away & the Company regain traction underpinned by growth in the domestic market. dyor & gla

There was a general market sell off yesterday due to certain comments re: cyprus, banks etc so most stocks were impacted in some form or other - however, the overall macro sentiment is still looking towards equity markets gaining in strength as other investment vehicles ex govt bonds etr become less viable. The Company are in a really good position now & strong indication of further parties now active in the negotiation process rather then being sought. This will be a top riser stock very soon imho & for the reasons given. Until then we have the security that the blustone financing has provided while we wait for the RNS to be released. atb

"The Company intends to provide a full year trading update on 20 May 2013 with the results scheduled to be announced during the second half of July 2013."

Excellent & as expected by many of us here

GEONG International Limited ("GEONG" or the "Company") Part repayment of Convertible Unsecured Loan Stock "GEONG International Limited (AIM: GNG), a leading Internet software solutions provider and operator for large enterprises in China, announces that it has reached agreement for the part repayment of its outstanding £2.5 million convertible unsecured loan stock ("CULS")." http://www.investegate.co.uk/geong-international-limited--gng-/prn/part-repayment-of-convertible-unsecured-loan-stock/20130328080836P513F/

Yes, they look to be in a much stronger position to conclude successfully now for maximum Company & shareholder advantage. atb

You mention a potential upside - none of us has a crystal ball but some factors to take note of A worked target price of 23p, NAV above 11p, a recent intrady move around 6p & the low number of shares in issue should result in a very high, impact upward move of the SP on successful conclusion of the sale. Add to that the inherantly strong prospects for growth within the region, increased energy capacity & the company's zero debt situ to capitalise on that growth potential. I'm certainly expecting the price to move strongly into double figures on near term news & progress further as a wider growth strategy is implemented. That's why im very confident of a major price increase here (moreso now that the short term financing by Blustone's been concluded) with further appreciation as the wider growth strategies implemented. atb

There's wider market uncertainties that initiated the price drop yesterday - fairly easy to see when viewing a wider stock watch & assessing macro market sentiment. All part of the transient, short term price movements although reiterate the overall, expected move upwards as part of the company specific & macro market recovery. New contracts should be be forthcoming Good luck all

An excellent RNS yesterday (just a shame the wider market was experiencing its own jitters). The short term financing situ has now been addressed taking away many uncertainties in that regards & Blustone are unlikely to have entered the agreement without a near term resolution of the sale process. The company mentioned the possibility of other parties entering negotiations in a prior RNS & seem to be confirming that now with the statement of "negotiations on a number of fronts". The original party to the negotiation had already agreed the same price ie $31M as Iris Eco Poer as a 'starting' point so further parties to the negotiation process could raesonably result in a higher price being achieved. A lot of near ter uncertainty taken out of the equation here which gives the cCompany (and investors) confidence to see the sale process taken to its successful conclusion. atb to the 'genuine' holders here.

Many of us will be looking at further then a near term move on the sale conclusion anyway with the capacity increase anticipated in Q1 & major demand growth within their geographical area of operation. Thats why IPSA are so uniquely positioned to benefit from the gamechanging financial position the sale will put them in. The 23p targets etc can certainly be realized imho but a major upside & re-rating due anyway, especially from the beneficial entry levels available atm. Do your own independent research as always & good luck fellow holders - should be an exciting journey here soon enough.

http://www.telegraph.co.uk/finance/financialcrisis/9951680/Cyprus-agrees-10bn-bail-out-deal-with-eurozone.html

That's what I'm led to believe and the basis of my comments in the post ofn Fri 10:05 about 'contracts currently under negotiation' . That's given me enough confidence to have increased my holding level by circa 30% (thru the liquidation of other stocks) & im expecting an RNS confirming that very near term. atb

Let's see when the sale's concluded. People can certainly pull estimates for that out of the air but negotiations are current now so will comfortably retain my own holding for comfirmation of completion or an update on further parties entering the process as suggested previously by the company. Have a good weekend all

They should get the financial restructuring completed within Q2 as per the recent Financial Results statement "The Group expects to conclude discussions with lenders in a satisfactory manner and has continued to meet all interest and other payment obligations.£ I think the major pull down on the price for Lamprell & other stocks has been the uncertainty around the Cyprus situation although they seem to be suggesting some sort of solution may be on the cards tonight - what that'll be we have no idea as of this moment US stock shave pulled up sharply anyway, which suggests an underlying risk on scenario is still prevalent. Lets see how that plays out. http://money.cnn.com/data/premarket/ atb

Fair enough good luck

Intetresting comments & they have been addressed here before. The liquidity issue resulted in the sharp drops previously seen on the sale delay & again off relatively low volume. The sale could be at a lower level but looking at the relative probabilities from what we know, the last RNS stated the other party are (already) willing to acquire the turbines at the same price as Iris ie $31M. (tahts apart from the $3.1M already received from Iris as part of the non refundable deposit paid). It goes on to mention other interested parties, hence if anything there's a greater 'likelihood' of a higher price being obtained if anything & due to a bidding situation arising. The note about working capital has been mentioned previously but it should also be noted taht the main creditors have given an agreement to not call in the debt until the turbine sales concluded. However, as a caveat, the sattement re: working capital did mention agreement from 'all' creditors so we'll have to see how that plays out. What we do know is the price is near enough the 52 week low it was at prior to both the initial Isis sale development, $3.1M deposits paid & new bidders on the scene. Along with the NAV at a much higher level, worked estimates of 23p targets etc & reasonable expectations of a near term conclusion of the sale process, the current entry level seems an advantageous one. Regarding speculation on other boards, is taht due to them instigating a rise or responding to one? Its really neither here nor there as plenty of people are watching this stock imho & current holders are looking towards the successful sale conclusion resturning us a multiple increase on our investment atb