Member Info for Crash2016

why pay 7p when you will get them cheaper due to constant selling? Two instis selling means it's got a lot further to fall. Any good news will be sold into.

I told you what would happen and it's actually worse. I told you 7p would come but now you have another seller. Downward pressure will take this down further. Seller is selling at any price to get out so this will fall to 4p levels be imo

No malice intended, that was me being defensive due to the accusations. I wish you all the best going forward and hope you do recover your losses mate. I'm not happy to see anyone lose money but I will make my point to stop others losing money who are innocently investing on the back of rubbish information that get's pumped out on the bb. All the best mate and nothing personal.

I've seen enough to suggest that research is not your strong point so please don't infer things about me. Here's another post from you. Looks like your down over 10p per share now and still held all the way down from 29p? That really does take a lot of ill advised info to make someone do that. Still holding on dont want to sell at a loss. had high hopes for this share. Still my ave is not as bad as some 14.5p so hopefully we should smash through that price this year. Been holding for two years now !

You seem to be of the same opinion as robin trion. If it's not what you like then try and discredit the poster. There are your own words "Held here for over two years now , cant believe how much money i am down. Seams i am always destined to invest in Co that promise jam tomorrow but never deliver. Catch 22 i cant afford to cut my loses, on the other hand i do not want to lose the lot. Catching a falling knife --- been there done that , lost more money . Well peevied." Soory for your huge loss which you can't afford to take but don't try and blame anyone else for that huge loss. You were told and never listened. It also appears your doing it again.

Robin: Look at the detail and information I present. The best you have is "I'm out of here"? That's fine, I don't mind posting here myself. I'm quite sure the people watching this board will see the levels between us in terms of quality and informative posts. I'm also quite sure they will be thankful that someone is posting honest factual information. 1p will come.

I intend to. Thanks. Nothing personal btw and I wish you well.

If the CEO claimed he had a Eureka moment in 2008 using the Dymaxian system and then goes on to spin off the company and list GDL as having the USP of Dymaxian system doesn't that tell you that what they had found in that system was the reason they could list on to AIM? The answer to that is YES! the thought they had the holly grail and they did but it simply never belonged to them. If the owner of the Dymaxian system prohibited GDL from using the Dymaxian system in China after GDL listed does that not mean they no longer have the USP and they simply revert back to drilling company that they were? The answer is YES!! it's as simple as that. It's just sad that nobody want's to discuss that. Nobody even wanted it mentioned on this board. That speaks volumes to me. Remember: 9. Significant Trading Agreements (a) Joint Venture Agreement between Pace Drilling and Mitchell Drilling That agreement was deemed a significant trading agreement and it was terminated. None of you here want to discuss that. A significant part of the business and not any part it was the whole USP of the business and you ignore it. ALARM BELLS! Media Release Contract Terminations Mitchell Drilling International Pty Ltd (MDI) today announced publically its decision to terminate the Joint Venture Agreement between MDI and PACE Drilling Ltd (a subsidiary of Greka Drilling Ltd (Greka)) effective 4 October 2011.

Robin, You said: "Fundamental means of basic Importance , rule , or , principle . Did,nt you no !!!" You are correct that is the meaning of the WORD fundamental. What's the relevance to investing? That is what I asked you before you provided a copy and paste from the oxford dictionary of the meaning of the word fundamental as a noun.. Now can you tell me what the basic importance, rule or principle is for investing in GDL? ie the fundamentals. This is like talking to a baby. The word fundamental provides you with the meaning but not the application involved with investing. ie how you apply the fundamentals. You are really out your depth here. The fundamentals are the basic rule/law involved in making an investment. here it's once again for you. I did post it earlier, here it's again. The fundamentals are measured in the same way for any investment and it has nothing to do with that incoherent rabble posted by yourself of Friday afternoon. That's why I engaged you and asked you to explain it. I knew you couldn't and that you would make a fool of yourself which further strengthens my case as to why this is a strong sell. Anyone that listened to what you have to say can now clearly see that you know not one thing about making a sound investment and hence I suspect a lot more selling on Monday as this board has been exposed big time as a bunch of amateurs trying to keep a turd floating. For simplicity and confirmation the following is what determines the fundamentals of a company and the case for investing or not investing. When you or other investors are looking at the economics of a business, ie, the balance sheet, the income statement, management and cash flow, you and other investors are looking at a company's fundamentals. Now let you stop for a second to explain that! The fundamentals are as above The balance sheet, the income statement, the management and the cash-flow. If any of the above change then the fundamentals change and they change in either a positive or a negative fashion and that's called investing in the fundamentals. These in turn help determine a company's health as well as its growth prospects A company with little debt and a lot of cash is considered to have strong fundamentals. A company with high debt and little or no cash at all is considered to have weak fundamentals. Which one of they two statements above describe GDL's fundamentals?

I'm not offended, why would I be? I'm discussing my findings and nobody seems to want to engage? I'm surprised you seem to be more interested in me rather than the fact Lifabric is a poor imitation of the Dymaxian system. What I intend to achieve in one line? That's an attempt to silence me and keep me limited but I will play along. In one line: My objective is disclosure and transparency of the investment case here as opposed to the ramping that' went on. Do you not want to discuss the Dymaxian system and the fact that GDL was listing on to AIM because of what they felt they could achieve using it? Without it they have nothing and have replaced with lifabric but it's very clearly not what they intended to use. Imo that makes the whole USP here useless.

robin, you never were any good with this investing stuff. You used to think GDL produced oil. When you say nothing to add I believe it. You don't have a clue what your talking about and you addressed nothing. That's why your afraid to engage, you know that you get shredded very quickly. Lifabric is a poor imitation of Dymaxian. Lifabric was not heard of till Dymaxian terminated their JV with Greka drilling. Go figure.

As a consequence of the termination of the Joint Venture Agreement, a number of related contracts between affiliates of MDI and Greka have also been terminated, including the Licence Agreement allowing Greka subsidiaries (directly or indirectly wholly owned) to use the Dymaxion surface to in-seam methodology in China and the supply by Mitchell of specialist drilling personnel to Greka’s drilling operations in China. It was Mitchell who had the methodology, they had the specialist drilling team and they brought them all from Australia. Randy had nowt but empty field for exploration and the Mitchell team had the lot. It's there in black and white. this was 20011 remember..this was when the listed on AIM. it was all about Dymaxian and then suddenly lifabric? I wonder why it changed to liiabric so quickly lol anyone smell anything?

Media Release Contract Terminations Mitchell Drilling International Pty Ltd (MDI) today announced publically its decision to terminate the Joint Venture Agreement between MDI and PACE Drilling Ltd (a subsidiary of Greka Drilling Ltd (Greka)) effective 4 October 2011. Greka was demerged from Green Dragon Gas Limited (Green Dragon) in March 2011. Pace Drilling Limited is 100% owned by Greka Technical Services Limited, which in turn is 100% owned by Greka. Discussions between the relevant parties since 4 October 2011 have been unable to successfully resolve the issues between them. Under the Joint Venture Agreement, the parties agreed to market and operate one or more drilling rigs in the People’s Republic of China, by forming Pace Mitchell Drilling Corp and an operating subsidiary in China. MDI was obliged to firstly, construct a drilling rig capable of surface to in-seam horizontal drilling using its rights in the Dymaxion technology, secondly, contribute management expertise and lastly, perform certain other obligations. PACE Drilling Ltd was obliged to contribute funding, management expertise and perform certain other obligations. As a consequence of the termination of the Joint Venture Agreement, a number of related contracts between affiliates of MDI and Greka have also been terminated, including the Licence Agreement allowing Greka subsidiaries (directly or indirectly wholly owned) to use the Dymaxion surface to in-seam methodology in China and the supply by Mitchell of specialist drilling personnel to Greka’s drilling operations in China. In its Admission to AIM disclosure document, the independent accounting report commissioned by Green Dragon/Greka identified the Joint Venture Agreement with MDI and the Licence Agreement as being “Significant Trading Agreements” for the demerged company. The Greka subsidiaries are disputing the terminations. MDI and Mitchell Energy Services Pty Ltd (MES) and their affiliates continue to look at worldwide opportunities in relation to surface to in-seam drilling. MDI and MES are international specialist production and exploration drilling contractors with over 40 years experience in the resource industry and are recognized internationally for our expertise in Coal Bed Methane, Coal Mine Methane and Underground Coal Gasification.

Greka Drilling admission to AIM 9. Significant Trading Agreements (a) Joint Venture Agreement between Pace Drilling and Mitchell Drilling A joint venture agreement between Mitchell Drilling and Pace Drilling dated as of 6 February 2006 and executed by the parties on 16 January 2006 under which the parties agreed to share equally in the ownership of and profits of the joint venture. The object of the agreement was to create a joint venture to construct, market and operate one or more drilling rigs in the PRC by forming PMD. PMD would own all of the shares of an operating company to be formed in the PRC to carry on the business of the joint venture. This operating company is GMD. Mitchell Drilling is obliged to construct a drilling rig capable of surface to in-seam horizontal drilling and to contribute management expertise. Pace Drilling is obliged to contribute funding and management expertise. Subject to the occurrence of certain termination events, the term of the agreement is ten years from the date of the agreement. The agreement is governed by the laws of Barbados. (b) License Agreement between Mitchell Drilling, Pacific Asia China Energy Inc., and PMD A license agreement between Mitchell Drilling Contractors PTY Ltd, Pacific Asia China Energy Inc. and PMD dated as of 6 February 2006 and executed by the parties on 16 January 2006. The agreement grants to PMD the exclusive right and license to use a drilling process known as the “Dymaxion Drilling Process” in the PRC for CMM and CBM projects. PMD is not obliged to pay any royalties or other payments in connection with this license. The term of the agreement is ten years from the date of the agreement, provided that in the event of the termination of the joint venture described in paragraph 9 (a) above, the agreement will terminate on the date of the termination of such joint venture. The agreement is governed by the laws of the State of Queensland, Australia. That's from the GDL admission to AIM document. Next post is how Greka tries to stop Mitchell taking the Dymaxion system. Keep reading.

Do you know what a significant agreement means when a company list on to any stock market in the world ? It's the significance of on agreement which can affect the viability of the business. Do you know what Greka Drilling GDL listed as their significant agreement? I'll tell you as I don't think you have the nous to investigate such things. They listed the ability to use the Dymaxian system as a significant agreement. Do you want to know something else? that right was taken away. That's right the system that Greka drilling was relying on and was the USP of their whole business was taken away from them. Not lifabric, Dymaxian, it was Dymaxian all along, it was Dymaxian in 2008 when randy had what he's claim was his Eureka moment. Had Mitchell no stopped them using it the CNPC test well would have been a success and led to more contracts imo. fter all to get into the position that GDL did in order to secure a test well for CNPC they must have showed them the Dymaxian test well and the data from that well. Do some research. It can assist in enabling you to make some money instead of losing it.

You see the Lifabric name replaces the real name that Greka did not want to lose. They tried to stop Mitchell with-holding the right to the Dymaxian system as they were about to spinn off GDL so they had no choice imo but to go ahead still and call it Lifabric. That's the truth right there imo. That's lifabric right there imo. It's the dymaxian system with a name change but an inferior version imo. That's why nobody has adopted it. It's not the real methodology that Dymaxian was and is.

Your explanation of the fundamentals is embarrassing. You should not even be investing with real money as you're investing nous is that of a complete novice. The fundamentals are measured in the same way for any investment and it has nothing to do with that incoherent rabble posted by yourself of Friday afternoon. That's why I engaged you and asked you to explain it. I knew you couldn't and that you would make a fool of yourself which further strengthens my case as to why this is a strong sell. Anyone that listened to what you have to say can now clearly see that you know not one thing about making a sound investment and hence I suspect a lot more selling on Monday as this board has been exposed big time as a bunch of amateurs trying to keep a turd floating. For simplicity and confirmation the following is what determines the fundamentals of a company and the case for investing or not investing. When you or other investors are looking at the economics of a business, ie, the balance sheet, the income statement, management and cash flow, you and other investors are looking at a company's fundamentals. Now let you stop for a second to explain that! The fundamentals are as above The balance sheet, the income statement, the management and the cash-flow. If any of the above change then the fundamentals change and they change in either a positive or a negative fashion and that's called investing in the fundamentals. These in turn help determine a company's health as well as its growth prospects A company with little debt and a lot of cash is considered to have strong fundamentals. A company with high debt and little or no cash at all is considered to have weak fundamentals. Which one of they two statements above describe GDL's fundamentals? --- That's the fundamentals explained now on to this miraculous IP that GDL claim to have. -- LiFaBriC = SIS DyMaxian = SIS = SIS = surface-to-inseam : There is many other names for this and they all do the same thing. Lifabric is one big fat nonsense. It's simply directional drilling which every single drilling company now uses. Randy claimed he had his Eureka moment in 2008 and that was The Dymaxian system not lifabric which is what he coined it after Mitchell drilling told him to do one.. ---- Do some research, proper research and all that info is out there. I'll pop back in with some more information though as you do clearly lack the ability.

Oh, well in that case I will refrain from explaining until you've had a chance to read all the posts and give me a full reply. Better that we cover all the questions posed so we don't skirt round the important issues.

In my opinion the proprietary lifabric as a poor imitation of Dymaxion but not as effective or as good: Here's my reasoning: In 2008 in the Shizhuang South ('GSS') block, GSS031 became the second successful Dymaxion Coal Inseam well drilled in China, complementing the earlier successful GSS008 well which has been producing above expectations since beginning operation in March 2008 and continues to demonstrate its capability of producing in excess of 7,000 m3 per day. These two consecutive successes indicate that the role of Mitchell Drilling's Dymaxion horizontal wells in fueling the CBM development in Australia may be replicated on the Company's blocks in China. These horizontal wells are expected to produce 10,000-15,000 m3 (353-530 mcf) per day within a month of commencing production compared to 3,000 m3 (106 mcf) per day for each of the vertical wells. The Company will continue to drill vertical wells with a higher number of Dymaxion wells as the pace of block development is increased. The Company's Chairman and CEO, Mr. Randeep S. Grewal, commented: 'We are very pleased with our Mitchell joint-venture with its obvious accretive value being demonstrated in the successful horizontal drilling at the GSS block. The second well was drilled successfully with an increase in the inseam length from 816 meters in GSS008 to 1280 meters in GSS031. We expect this increase to be demonstrative in the production when the well is put on. GSS008 continues to demonstrate its capability to produce in excess of 7,000 m3 per day. Now to me Randy was very happy with the Mirchel Dymaxion drilling technique hence why he made the acquisition. Mitchell later terminated it when a dispute over the tech arose and this was at the time RG wanted to spin of the drilling team. Randy stated lifabric was in the making for years but it's clear from what was said above that Dymaxion would still be the preferred method used today had mitchell not pulled the plug and I also believe that Randy had already gone to far with the demerger and spin off of GDL that he went ahead with and then named his version of Dymaxion lifabric. Lifabric came after Mitchell told Randy to run and jump and walked away with his Dymaxian IP.

Debt is $42 million. Where do you get NET Debt of $22 mill? Net debt means how much short term debt, long term debt and cash in hand. You can't include banking facilities which is another form of debt if drawn on so where do you get this figure? The over all debt this company owes and would have to pay if called in tomorrow is $42 million Yes or no? Does the company hold $42 mill in cash to pay this? Could the company survive if the debt was called in? Paris COP is one of many events attended by randy over the last 10 years where he gets networking etc and drinks fine wines and talks but nothing has ever once come of these events. Why even mention it? It has no bearing on GDL. I'm quite sure if there was anything of any note on the LiFaBric methodology it would have been snapped up and bought out years ago. The truth is it's old tech now. It was established in 2006 and slightly modified in 2007 but there is nothing new tech about it. Name me one other company in the world using Lifacbric methodology today? That's right, there is none. Only one company uses it and it's in millions of debt, debt up to it's eyeballs and it's USP is an rehashed version of Dymaxion System created by mitchell drilling in 2006. LiFaBriC is the same as the Dymaxion System. The cost of the IP for the Dymaxion System was $2 mill. It's worth nothing in real terms. Mitchell Drilling owned the IP for the Dymoxian syystem and that was acquired by PACE and PACE were acquired by GDG and GDL was spun out of GDG and therefore proving that the Dymoxian system is old technology with very subtle changes and and a name change to LiFaBriC then presented as this new great hype. It's simply not.