Member Info for G_G_G

We need JPM and Slater to tell them to p!ss off and find a new buyer. If they do this GTE will either need to fold or raise. Or we need a new buyer to front-up in the next 1 month. Will be interesting to see how this plays out. I'm holding until the end. If these greasy f@cks get it over the line the sp will jump to at least 13p prior to everything being formalised.

I believe so Kestas. Reckon the next week will be the last of the 30-32p range and we'll slowly inch higher with each week up to the expected announcement of successful hook-up in 4 weeks. I'm expected 35-37p n hook-up and providing gas flows are as expected, we should hit the low 40's in the first half of October. All down to execution now. If they can prove they're capable the tide will have turned and optimism will be the general sentiment moving forward. We should also get an announcement on the next two drills being spudded over the next 2 months. All v.positive news providing Casc 2 & 3 go according to plan. Now up to 825k holding at 32.35p. Clock is now entering count down territory. GLA

great article tony. sums up the ****ty offer very well. majid is a slimy little pr!ck. i still cannot get my head around how they could put the 'for sale' sign up and have gone through a 'competitive bidding' process without telling the market. surely it cannot be competitive if the entire market doesn't know the assets are for sale. it's absolutely extraordinary given the words that have come from his mouth about our under-valuation and how this will re-rate with improving aeco and our much awaited development and appraisal plans in the next 6 months.

this deal absolutely stinks. as does majid. unless we get at least another 10% i'm voting no. and as oakbloke points out any value even at today's depressed commodity prices should be closer to 20%, meaning 15.3-16.65p. anywhere between that range and they can have my shares and i'll move on. majid is a d@g (my new sign-off).

vote no folks. we'll have this value again in 6 months. i also believe we'll get more. and at the very least you won't have allowed yourself to be f@cked by a d@g. gla

Mgt need to do a lot of things Corry. They're pretty useless at doing any shareholder comms let alone interviews etc.

Not sure you've cleared anything up Corry :) Appreciate the answers though. Doesn;t make any difference if you intend to hold I suppose.

I'm guessing that's because it went ex-divi on the 31st. If anything the sp should rise before ex-divi date. But this is PTAL where mgt likes to sit on cash and tell the market nothing about their plans. An even semi-dialled in mgt team could add 25% to the sp just by doing some more interviews and increasing the BBs and Divi payments by 25%. We have ample cash. Not much point continuing to build it and not reward shareholders of whom many are under-water. One of the most frustrating shares I have owned.

Good to see the sp ticking up at least. Surely another bid is going to land for 15p or more. It's an absolute smash and grab at 13.5p. F@cking Majid!

Sorry LSE didn't pay attention to Sturm's stating record date. Well that sucks for sp performance. At leats we get 1p dividend tomorrow. Now watch the sp drop by 3p.

Another 37,500 at 31.18. Some nice bottom fishing down here :)

Thanks Sturm, so Friday then.

When do we go ex-divi folks, tomorrow or Friday?

Thanks for your response Tony. Is it fair to say this was the only remaining legal issue facing the company and has now been resolved? Obviously the CEO scandal will hang around for a bit. But wanted to check if there's any other skeletons that are still being uncovered...? Geo-political risk big issue but they're huge and been managing this for years.

Also, what is the estimated EV:EBITDA ratio at the moment? Must be quite silly for a miner about to be throwing off 1m oz a year.

shame the only **** deal majid has done is to sell the entire company. surely there are onlookers thinking this is way too cheap and willing to add 10-15% to buy the company. i'd rather sell out for +15p (cash) than hold with someone like majid at the helm. can't see gte going above 15p, especially if it's a cash offer. at current commodity prices the company pays itself off in 3 years. bonkers really. still holding until the end and will vote no. i can't lose either way. will pick up some more if i can get them for circa 12.35p again.

question, who do we think is buying premier shares? they look as thought they're going to offload the lot. jpm isn't buying in volume. hopefully another fund that is willing to turn the screws like at shg. majid is a lying d@g. gla

Good post fairdealer. Majid has certainly turned out to be a slippery f@cker. Hopefully a counter-bid lands in the coming weeks and we can put this mess behind us. Anything over 15p and they can have my 0.35% voting shares.

Quite the ride for you folks. Almost jumped in this morning but had a feeling it may pull back. Many on here need to keep in mind the sp has doubled in a matter of days. This sort of thing usually involves a retreat. Question is whether it will pull back further before the next news cycle. I'll let you folks know if I join the party. Good speculative stock for my pf.

start of the slow climb with a few bumps along the way. providing they execute on time and forecast production we're going to be in for a lovely re-rate in 4 weeks. low to mid-40's is my guess if all goes according to plan.

reckon i picked the bottom today. bit annoyed with myself for not buying more but nervous with these small caps that have a habit of doing great & **** things in equal measure. if we drop back below 31p i'll pick up 100k more but that will be the end of it for me.

Yes I believe it has been communicated that Polus have given irrevocable undertakings. I don't believe they have anything from PM, JPM or Slater. We only need two of these to vote No and the deal is off (or needs to be improved). I would almost certainly be turning the screws on GTE if I were them. An extra 10% gives them £2m for doing nothing other than saying No.

Given my lack of trust in JPM (good for us now), I think they're buying more because they already know there's another offer incoming. They're probably even arranging the finance for it :)

Agreed George. Polus has simply started the sale process. Either we vote No and GTE up their offer. Or another offer lands that's good enough to scare off GTE and be approved by shareholders. In the event of a No vote and no better offer we will drop back to 10-11p imo.

I'm thinking a cash offer of 15-16p would be the lowest level that would knock GTE out of the running and obtain shareholder approval. GTE obviously cannot go down the cash route so would need to be far more generous with the share offering to get it over the line. One needs to keep in mind their sp will drop by a similar amount to the shares they will be printing, but overall the offer will be better as the base remains the same. Hopefully +15p cash lands and we'll re-rate to the 14's and not feel as sh@fted by mgt. GLA

Tony, does this mean END is receiving far less than originally agreed for the two mines? It says the initial deal was worth up to $300m.

That's right oilhead. And GTE sp has been dropping so the deal value is closer to 13.6p.