Member Info for JohnHenry

Thats the problem here. TRUST. Look how long it took GDL to acknowledge the Indian failure. Yesterdays RNS can it be trusted. The market is saying NO.

Imho the SP will trade around these levels until the Ops update. GDG is the only contract they are drilling.

service resumed at a lower price.

LSE not showing try another site RNS as posted. At least it shows they are awake

Either High worth Private Investor or institutional Investor selling out. Could be 101 different reasons why. AS with the past you will never know who as Greka never bother disclosing.

The Market Makers

Someone clearly liquidating their position here whatever the price.

and maybe the 2.6M dumped at 2.5p LOL

is the amount of Job vacancies in China that havent been filled. Unless they simply havent bothered updating the website.

selling supply stock. Has been on the offer all day. As soon as stock gets bought the offer is reloaded. 50K lots at 4p and now 35K at 3.75p

somewhere between 6-8p

GDL have been listed nearly 5 years and to have achieved pretty much next to nothing. They where spun out of the Greka stable, drilling for its parent company. The plan being to grow as a stand alone company and pursue 3rd party drilling contracts. In 5 years they have achieved pretty much nothing. Probably, is best to go back into the stable, if you havent been able to move the business forward in 5 years then the chances are your not likely too.

IMHO GDL will be taken private for around 25-30M A big problem heare is the massive mistrust UK investors have of Chinese companies. You see so many Chinese companies cooking the books and going bust. JQW rececently

Company is capitalised at around 15M. Assets minus debt is worth considerably more.

capitulation for someone. Margins calls or just had enough.

Sat there all day yesterday Jimmy at 5p. Didnt appear this morning, seller appeared at 4p and was mopped up.

a tight range for nearly 6 months. would appear a seller has broken down that pattern. Recovery play if drilling continues with GDG

to be buyers at these levels. Volume way up

1.5M on the bid yesterday im wondering if they are mopping this seller up.

my biggest worry here is the overhead cost GDG have. They have a lot of rigs and staff basically doing SFA. However at these levels GDG looks a good recovery play.