Member Info for Latino

Believe these are codes between traders..could mean anything or nothing. I’m anticipating we’ll get an update from the company this week..so let see. Like I said earlier, it’s the calm before the next storm I think..gla

Calm before the storm? We know significant news due here on many fronts...it has to after JPL! Investors reminded of how swiftly this went from 3-17, then 13-39..and now down to 16p. This is one stock on the edge..once it starts moving you ain’t going to get in unless you pay premium!

Bargain basement now but not for long! Hugh risk of JOL dismissed, company already has significant asset value of over $1Bn..plus upto $250 RBL any day..plus in talks with a buyer already...note has hugh partners such as PetroChina, CNPC, CNOOC...!

‘In view of the significant asset base and investments of over US$1billon in the development of its assets, the Company is seeking to re-structure its assets and liabilities in accordance with its previously announced business plan and believes that the JPLs will facilitate such execution to the benefit of all stakeholders. As such, the JPL appointment under the supervision of the Grand Court of the Cayman Islands is, in the opinion of the Board, the preferred path forward for the proposed restructuring of the Company and its subsidiaries. Under the JPL appointment, the directors will retain control of the day to day management of the Company while the JPLs can focus on identifying, facilitating and executing a comprehensive restructuring plan. The Company expects to continue as a going concern through this process and following the re-structuring.’

MMs flushing hard this morning..,unbelievable drop 39-15..on all good news!

Excellent opp to load up...no bad news only good news and more to come..tiny free float MMs will flip this very quickly..

Yes can only look back 10 years under ticket GDG, in this time rose to £6/share 2014, then:
- £3 2016-17
- 0.63p 2018 at rename to G3E
- 0.03p Nov 19
- 0.2p Dec 19
Bottom line is this is a full LSE listing, and is on a turnaround. This is now rising from the ashes so high re-rate is on...has assets that could pay these debts at least x10 over! This could be one in a decade share...watch and learn fellas!

Just look at what their doing to flush the last lot...spread all afternoon over 15%, now for last 20min increases to over 20% without any sells! 22.6 buy sell 18.4!

Interim report Oct confirmed 2xmajor banks already involved so we should hear more in this very soon and also RBL loan which they are now entitled to up to $250m:

‘ Our focus as a Group continues to be on resurrecting the balance sheet through the sale of the producing assets through a dividend in specie of our wholly owned subsidiary Green Dragon Gas ("GDG"). The trade sale processes led by Citibank and Credit Suisse during the period concluded with a viable alternative on selling one of the fields but with an unknown timing to close due to conditions beyond the potential buyers control.

GDG has engaged an experienced bank and advisors to conclude a Reserve Based Loan ("RBL") of up to $250m, which has become a viable option to it following the approval of the Overall Development Plan ("ODP"). The proceeds from the RBL are expected to be sufficient to pay the intergroup loan to G3E enabling the dividend in specie to be concluded. Once independent, GDG maintains its plan to proceed onto a public listing.

Upon receipt of loan repayment proceeds from GDG, the Company expects to have successfully restructured its balance sheet, should be debt free and can proceed onto its exploration focused business plan. G3 Exploration shall in turn use these receipts to settle its outstanding debt, including to its Nordic Bond holders and Convertible Bond holders.‘

This is one flush out by MMs..that surely are day traders / weak holders fully flushed out. Hopefully now this can re-rate properly! With the meteoric rise and tiny free float MMs we’re always going to do this. Remember big holders over 60p still fully loaded in here...

Jump to 25p shortly...!

Could not even get a buy quote for 50min...just got now and bought more! What this tells you is that MMs are accumulating only allowing sellls...with such tiny tin free float, MMs take advantage of any weakness by manipulation..and then release!

This has already dropped 50% after yesterday RNS release 39-20p! Which tells you day traders have just traded this...once we clear them this will rise rapidly watch and learn!

Looks like some day traders still trapped last night being flushed out..all selling at a loss it appears. Gla

This should re-rate nicely from here, traders and weak holders more or less flushed out yesterday. 93p broker target, and we are on our way with the restructure through JPL..gla

Lol - lot to learn. Tomorrow / next week hold tight...lots to come here. Not for day traders!

Unfortunately this attracted too many day traders today who sold into the rise. Dampened the excellent saving RNS..too much news to come here so we should star to motor on..

Last few hours were interesting when MMs locked sellers in, but allowed them out only a few minutes before close...they were straight out as you can see last few minutes.

More flushing at the death...day traders desperately trying to get out before close!

PI article: https://www.proactiveinvestors.co.uk/companies/amp/news/909079?__twitter_impression=true

GL getting in now..sale over me thinks!

That’s a lot of weak holders/traders now flushed out it appears..hold tight!