RE: SP15 Jun 2017 11:44
Recent Interfax Global Energy quote: "China-focused CBM player Green Dragon Gas is in financial trouble. But if the UK-listed company goes into administration, its highly regarded CBM assets could be up for sale.
As it stands, Green Dragon, one of the biggest independent producers of CBM in China, is funding- rather than resource-constrained. Over the past year, the company – which has one of the largest publicly listed CBM reserves in China – has missed several interest payments on its debt obligations, spooking investors."
Was trying to find explanations for SP descent. Not a GDG expert, but SP dropping for 12 months suggest more than MMs to me. Will wait for SP to break at least 50MA before considering buying more. GLA