RE: HongKong12 Sep 2016 10:05
We can see from the most recent ops update that H2 2016 will be better than H1. And if (if !) GDG gets the financing it says it will get, then a US$100m drilling order is certainly well within the realm of possibility, which would put GDL on a 1x P/E for 2017. Also, then GDG would be self financing and order flow would be recurrent. Such that a 10-15x multiple might be justified making the stock a 10-15x bagger