Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I wouldn't say they were drowning in debt...the bond is not due till 2017. They still have the option of raising cash via a RBL and Asset sale. I dont think a placing is on the cards.
considering the finance options they could consider, i would be very surprised if they did a placing. Why would Randeep the Chairman dilute his massive holding?
up that much on confirmation of ops update!!
I remember asking Rollo about this a few years ago and was told they didnt have the facility to be an MM.
GDG needs GDL to drill LiFabric wells!
Our models reflect a drilling schedule of 60 LiFaBriC we lls at GSS from 2016 (compared with 30 being drilled in 2015) until 2P reserves are produced. We anticipate development of GSN from 2017 with an evolving drilling campaign up to a peak of 160 LiFaBriC wells/year by 2020. Current GSS 3P reserves are assumed to migrate to 1P and 2P over 2015-17 (mainly proving up of CS #15) and will be developed from c 2020 onwards. We do not anticipate any substantial third-party drilling beyond the wells already drilled at GSS and GCZ.
LOL they have already released an RNS stating Feb for an update. What makes you think that we will get a early update if we continue to harass them? Let management get on with their jobs. I am sure those wells will be completed, we should be more concerned about work 2016. As it stands we have zero visibility on drilling for this year
I think it is a fund that has exposure to small caps in Asia that is selling shares There was a big sell off in Chinese related stocks the day the drop crashed
5 January 2016 Greka Drilling Limited ("Greka Drilling" or the "Company") Share price movement Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, has noted the fall in the Company's share price; it is not aware of any reason for such movement and, consistent with previous years, intends to make an Operations Update in early February. For further information on Greka Drilling, please refer to the Company's website at www.grekadrilling.com or contact: I got an email from Rollo saying this month LOL
CONFIRMED FOR JAN LETS SEE THOSE GDG WELLS COMPLETED
Out of everything that is going on in China that is your concern?