Member Info for Themerlin

Totally agree with you on the GIC position. It's screaming buy buy buy. I don't have 50m in this but the basics still apply whatever your investment.

Best of luck holders the clock is ticking and Monday will be with us soon enough !

Think we are on a winner this time. No dramatics just good solid business practice and for sure we will be at £11.00 year end. Perhaps by the autum or sooner as the good news filters out to the market. Best of luck to you.

Hi Nice have you on board. I would think there are a few IIs that are looking closely at this now GDG has such a credible investor and buying above market price. All looks set or a great Monday.

Very soon now and who knows it may just be sky's the limit this time !

"I am delighted to report that this convertible bond issue is once again to GIC. GIC's decision to make a further investment in Green Dragon, at a premium to market, is a further endorsement for the Company, its strategy and value and from an investor that knows China and the region extremely well. With title matters firmly behind us and with CNOOC, CUCBM, CNPC and Petrochina as well funded partners alongside us, we look forward to working with our partners to progress operations and fully realise the significant value of our assets, as demonstrated by the reserve report issued last month. Concurrently, our discussions on debt facilities to expand our drilling program continue."

Convertible Bond Thu, 5th Jun 2014 07:00 RNS Number : 8791I Green Dragon Gas Ltd 05 June 2014 ? 5 June 2014 GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") US$50 million Convertible Bond issue at US$9.34 per ordinary share to GIC Private Limited Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that it has issued a second tranche of the convertible bond facility first announced in December 2013. The second tranche of US$50 million has been fully subscribed by GIC Private Limited ("GIC"), a Government of Singapore sovereign wealth fund. The convertible bond is unsecured, has a 7% coupon, a 36 month maturity, and is convertible into ordinary shares at a conversion price of US$9.34 per share. The Company has the right on the second anniversary of the issue date and onwards to call the convertible bond under certain conditions. Jason Triplitt, Head of European Equities, GIC Asset Management, stated: "This further investment made in Green Dragon continues our support to the Company and its continued progression." Randeep S. Grewal, Founder and Chairman of Green Dragon Gas, commented:

GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") Notice of Results & Analyst/Investor Call Green Dragon Gas, one of the largest independent companies involved in the production and sale of CBM gas in China, will be announcing its Annual Results for the year ended 31 December 2013 on Monday 9 June 2014. The Company will be hosting a conference call for analysts/investors on that day at 10am UK time.

The conversion is £3.80 as just been pointed out they purchased in $. Still good for GDG as it shows conviction in business.

This is indeed good news and the conversion price is just over £6.00 so should underpin the sp nicely. Jimmy Iam not a prem member now but happy to discuss on the board with you anytime.

That's spot on. Post recommended !

Neophyte The RNS on the 28 Oct was just an estimate this is now the fully audited results. Less than previously estimated but still a load of saleable gas ! To give you an idea of how much gas it is the whole UK will consume 180bcf per year !

Our risked DCF based valuation infers a core NAV of £3.21/share based on GDG’s development of 475bcf of gross GSS 2P reserves. GSN is now the clear front- runner for upside development with CUCBM committing an additional $100m capex, while we can also expect more rapid development of GSS now with 1,300 CUCBM wells available. Based on these our RENAV moves to £11.64/share, although the true upside on offer remains unclear, pending an imminent resource audit that will include all third-party wells. With 25tcf of net gas in place (GIP) in GDG’s portfolio, the potential if all goes to plan could be many multiples of our current RENAV This is building up towards June and for the faithful will offer an excellent ROI.

Find it yourself if you are serious about the business.

You should read the latest broker reports as it's all there.

Unlike many others on the market you have very little free float so when things move the swings are very dramatic.

looking good.

I read that late Friday and placed a buy order at 580 just in case it dropped a little and got filled so back on the horse again and feeling good for a long term position.

I think GDG have every chance of hitting £10.00 over the next 12-18 months. Hiwever I really do believe GDG Greka Drilling has it all now, because the parent GDG is now fixed with loads of cash the only why they are going to grow the business is by drilling further wells, the only company to do this is Greka Drilling which was a spin out of GDG a couple of years ago. Greka also has an order book this year of 97m excluding the contract for the additional 140 wells worth 200m and this order will be confirmed in the next few days from GDG. Greka has a market cap of some 50m with assists approaching 100m and shortly an order book of 300 million. Mis 30s by the end of the month is my personal prediction . GL

Look for that little red dot as its coming ! Now the parent is fixed it will be time for the offspring !