Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Clueless rampers on board talking huge rerates ! But nothing has changed !!!. Still no funding news !!! Still no Chinese Legacy Well Audit / supplementary aggreement news !!! Still no downstream operations sale news !!! Still no Hong Kong listing news !!! Mr. Grewal we exhausted investors are aware of your continued expected as allways developement plans , but , nothing will change untill above questions are answered & outcome in place . Oh.! & are you having an A.G.M. this year or not ?
So !!!!! G.D.G. have explored --- drilled --- & found CBM gas in China over a period of neally 20 YEARS ! G.D.G. have drilled & developed wells now producing gas. G.D.G. have developed & built infrostructure with the help of there Chinese Major Partners . G.D.G. gas fields proximity is near to major gas pipelines with access to high volume markets . All the above is in place in China & yet G.D.G.is struggling ! -----According to lnterfax Globle Energy ! YEA ! RIGHT----!!!!!!!!! Come on Mr. Grewal get this FUNDING "SORTED" & start producing & selling " LOADS MORE " of the $ 23 Billion dollars worth of gas assets that G.D.G. have in place . The S/P will then look after its self.!!!
Thanks for the post Sean , the lnterfax note 6th. June does seem rather strong when you take everthing into consideration. The Nordic Bond update has surely taken the pressure of with the acceptance waivers of its financial covenants , which must prove some confidence in G.D.G.future . l have been in touch with Arden Partners ( they know G.D,G,inside - out ) & spoken with there Marc Downes , who whilst cannot obviously commit himself with inside imformation , did surgest on what grounds would Mr. Grewal not continue his company going forward with a further loan offer when you consider his own vast share commitment & his partnership with the Chinese Majors helping G.D.G.to succeed with there gas production & sales there of. lt is very frustrating not getting further promised crucial news updates , but as Marc added the Chlnese are not the easiest people to do business with & do things at there pace only . l agree with Marc in that l cannot see Randeep giving up that easy after 20 years of developement in China
What funding issues are you on about Sean ? Funding is virtually in the bag !!! Mlnd you, what a crazy market Cap. considering G.D.G. equity value. As l said before a lot of jiggery pokery going on here . MMs come to mind ! Not for the faint hearted this share ! The 20 year old Saga continues !!! More News soon according to Mr, Grewal.in his latest 2 nd. June interview .
Thanks for the link Jup. But shouldn,t G.D.G. Management be providing this stuff !! & who are these investors selling neally 10 Grands worth of shares at 80 P. Surely got to be mm. at work again. Lots to look forward to once again , & we will see what our Chairman has to say once "AGAIN" !!! Got to be last chance hotel this year for Mr. Grewal & Co. lm feeling optomistic " AGAIN ", & l cannot see any reasons not to be , fingers crossed of course !!!
Lost money like most then John , l,m just keeping my fingers crossed with Mr. Grewals effort with G.D.G. & then just maybe G.D.L. will start picking up .to ..
John , the Chinese company G.D.G. listed in the U.K.did,nt stop investors spiking this share to neally £6 back in June 2014 , when G.D.G were not as well developed & ready to produce & sell gas. G.D.G. has always been volitile , having a small share float which has proberly contributed to where where we are today, but equally visa-- versa, share value can move up just as quickly on some good news which is immanent.. FUNDING -- O D P for GSS----CNOOK legacy well audit ----Confirmation are all thats needed to improve liquidity & put this companies share price back to where it should be . And remember all the above is just a formality. !! Give me a reason why it should,nt be !! Finally John , are you still invested in G.D.L. or did you sell & cut your loses like most ?
An awful lot going on behind the scenes, which is easy to ref. But the share price is being driven down even further. By what ? ? Worst case scenario for this company !! l can,t see one , can you ? Lot of jiggary -- pokery going on here l feel. The sellers at todays price makes you wonder what price they brought in at .
Hawk --- Sparrow ---- or just boring old G.D.G investors, does,nt matter what you are. Lots going on in coming 2--3 months , according to mr.. Grewal . Funding conclusion ----- CNOOK 1388 legacy well audit conclusion -----both of which would accelerate much more profit , & finally some news on G.D.G.listing on Chinese stock market . All the above would help enormously . So, yet more patience required to see if Mr. Grewal has finally got his act together after 20 years work with his Chinese company G.D.G.-----could be good !! ----- could be" VERY" good !!!!! The Saga continues.
With G.D.G. Assets & Equity value together with there current developement plans, against a market cap. of just under £160 million pounds , it is a wonder & surprising that there is not " more "interest from U.K.investors . However , for sure the lack of communication by Mr. Grewal & his management team is not helping the situation one iota . G.D.G investors need some assurence , & any other news badly .!!!
Why is G.D.G.value falling so badly is not entirely clear , when you look back over trades for several months there has not been a massive selloff , in fact it would appear that there has been more brought in value than sold . so it would seem that it is a complete lack of the markets confidence based on lack of news on progress & clarity on dept & developement funding , together with R M B currency exposure , which has obviously has been probmatic for G.D.G. However the Chinese should be falling over themselves to lnvest in a company such as G.D.G.in there own country with proven audited gas value asetts worth over $20 billion dollars , together with an advanced developement & infrostructure programme in place for same. Mr. Grewal has also confirmed recently that he is confident that talks with major Chinese lnstitutions are in there final stages on financing for G.D.G.s further developement & curent dept settlement . With the above financing in place it would allow G.D.G.to kickstart & rapidly move forward the amount of gas for sale over the next couple of years or so . The above alone could affectively generate substantial income of over $230 million dollars by 2020---2021 going on calculations based on the proposed O.D.P. ( overall developement plan ) which includes further well drilling ( about 30 Lifabric wells per year ) & current wells that will be connected & producing more gas by 2020 ( all as proposed & set out in G.D.G. latest presentation outlook . As has already been emphasized we need some good news " soon " on progress with the above Chinese funding & at what stage the 1,388 well drilling audit has progressed , which surely is near completion & will help further with promised income as per agreement with Chinese Partners. Anyway im back in at these prices !!! The G.D.G. saga continues.!!!
Who knows whats going on behind closed doors with the Greka group of companies. The only "one " board of directors R.G.is in complete cohesion with all the Chinese majors & could have been for years planning things that investors are not aware of, GOOD or BAD !!! As usual a complete lack of communication with investors !!!
,You seem to agree & disagree with some previouse comments that were made. But generally speaking l dont understand what your talking about , & feel that if you did some proper research you would understand just how much G.D.G.is doing to turn there gas reserves into cash. (however slow the process.) Your position on holding G.D.G shares is not made clear in your post after statlng what you would do or not do if you were considering owning some . However if you do already own some shares , Please do a lot more research to better understand G.D.G situation. lf you do not already own shares , with your understanding l would not bother either .
G.D.G . broker Peel hunt who on the 26 th July , reiterated a" buy" & share price target of £5.61 for G.D.G which was later updated on the 4 th Oct. to a "buy" & target price of £5.63 . Nine days later Peel Hunt released yet another note statlng a downgrade prediction & current S/P target price of £ 2.40. What a volatile set of predictions on a companies S/P value when there were no apparent changes to G.D.G business market outlook during that period. lf Peel Hunt feel that the target S/P of £2.40 is right at this moment of time , on what did they base there expertise & calculations on when nine days earlier there forcast was for a" BUY" & target price of £5.63 .? Surely these same brokers should be responsable to state on what grounds they make these crazy predictions , that can profoundly affect a companies current share value. Meanwhile back on L.S.E. South east website there last Peel Hunt G.D.G.listed S/P Buy target forcast was on the 4th. Jan. for £9.50 . Furthermore L.S.E . same website for G.D.G.have not got under fundermentals section a listing for 2015 company financial results yet . All the above & there inability to record accurate buys & sells ( l have brought shares in the past which have never even been shown ) its a wonder us private investors know whether we are coming or golng .!!! ALL THE ABOVE PROFESSIONAL BODIES CERTAINLY DONT. & to think we place our financial confidence in them at times . Now in Proactive lnvestors latest video of the 28th. Oct. Randeep Grewal in interview is very upbeat & stresses the determination to complete & monatise all the G.D.G companies effort & hardwork over the last 20 years. He finalizes by saying G.D.G. is now at the beginning of a string of successes & there doors are open for a farm out partner who is completely interested in domestic gas production ln China only , that would complete there prefered funding option . Randeep has previously stated that he feels G.D.G are at a presipice of there developement with audited gas reserves exceeding 25 trillion cubic feet & more to come from there vast acreage in China . With soon to be released news on the audited revenue expected from there Chinese partners agreed percentage of there gas sales , the saga continues .!!!
Still climbing to nowhere !!! All the rungs broken on the ladder due to the business incompetence of Randeep Grewal ., the one & only director on the board of G.D.L.
On the strength of what , dribble of work in lndia , G.D.L. is climbing the ladder to nowhere at the moment , only more dept proberly at the end 2016 !!!
l don,t know anymore , not a mention of the Audit of CNOOC drilling sales & volumes on our Licenced Areas. Not even very positive about reaching gas output targets . ls there anybody in line for farmouts , again, not very positive . This company is like treading in treackle , always dragging its heals . When is this company ever going to move forward , with the CBM gas assets G.D.G have developed in China over the last 20 years we share holders should all be laughing . ls it Randeep thats the problem , why does,nt he get some help on the board , instead of being the one & only member CEO & Chairman , but nobody else . l suppose we have got to wait another couple of months now , or , who knows maybe even more for the next boring update . Please somebody tell me lm wrong , & reinspire my confidence . Perhaps lm missing something ?
P.l.s. still buying in here hoplng for a spike , what they don,t realize is end of year results Dec. 2016 are going to be worst yet.. And further G.D.G.mobilisation drilling orders are always minipulated by Raneep grewal to suit G.D.G. means As he states clearly in G.D.G.video on there Website. He clearly states that G.D.G. do not need to drill any further wells at this moment in time , & the emphasis will be to concentrate on the connection of all the existing drilled wells to produce there gas targets during 2016 & 2017 . l,m still invested in G.D.G. But clearly the point has been reached , where , can anybody believe or trust anything Randeep says anymore. The market certainly does,nt trust him looking at the S/P of both G.D.L. & G.D.G. l hope l,m wrong for both G.D.L. & G.D.G sakes ,but l know who l would rather be invested in !!!
REWIND, here we go again people talking about multi-bagging with G.D.L.four years ago & look where they are now . HongKong brought in some shares last week & is trying to ramp up G.D.L.for a splke & a quick sell. lt would be o.k if this Chinese gentleman new what his talking about , but he clearly does.nt
YAWN & YAWN again , M.M.s Rubbing there hands together ( l can here it !!! ) Mind you its got to be a good price to buy at , ( has,nt it ? ) lm not really ever sure anymore with these Greka Group of Companies . With all the right ingrediants & everthing in place with G.D.G they still manage to flounder . ( As per Share Price ). That aside ," When" we get our lnterim report showing the ever increasing CBM Gas output production & all the infrostructure in place know to produce even more gas , the market has got to wakeup & Finally realize the potential in G.D.G.once & for all . ( thats for sure ) & then 225.00 per share will seem a crazy price for a part of G.D.G $ 25 Billion gas assets audited so far in China ,complete with there partners CNOOK & CNPC Etc. Enough said !!! l have stopped myself " YAWNING "