RE: plenty of buys5 May 2020 14:41
The issue is that the G3E JPL is to some degree joined at the hip with the Greka wind-down, as I understand it part of the business is in receivership and the other part is in JPL and other bits and bobs are probably pottering along. The actions of the Receivers is no doubt related to the winding down of the part of the business, which I think is Greka. The truly frustrating thing is that all of this BLX is being dragged out (receivership and JPL) thus impacting our investment as well and driving the price down.
Randy Grew is clearly a bit of a plonker when it comes to running stuff but the idea of gas extraction is a good one and the parcels he's sitting on appear interesting. If the JPL comes through OK Grew should be able to refinance the gas extraction business and start making some good wonga, the problem being that it's proving a very rocky road and time waits for no man.