Global Energy Development Share Discussion Threads

[hugepants] 06/1/2017 16:47

Not much action with this unpolished gem of a stock then. Anyone heard any news on the boats? I suppose if oil gets to $65-$70 there could be some value in the Colombia licenses.

15th Jan is the current due date of the note receivable. The countdown is on. Brace yourselves for some news.

[neo26] 06/12/2016 09:29

These guys are getting a wage for nothing.

[neo26] 06/12/2016 09:28

Oil will not go over $60 for a long time..

[anangf] 22/11/2016 23:51

What regulatory authority?

[family values] 21/11/2016 22:59

Nothing to stop shareholders making their opinions known to the Directors and the regulatory authorities.

Putting a little heat on their collars might bring some of them to their senses.

[anangf] 18/11/2016 23:54

Dross is the right word. It is a failure of the system that retail investors can be prejudiced in this way.

[hugepants] 18/11/2016 23:32

I admit it's pretty unpleasant being a shareholder in this dross. Even though the loan is secured AND its paying a great deal of interest ultimately you just feel as though the company is being used by other parties for their own ends. And the hint that the company has "first option" on a couple of boats makes me think the directors may be idiots. Branching out into the shipping industry are we? Maybe they've had enough of this oil and gas caper. Not much you can do about it though. Just glad I've only a small holding.

[anangf] 15/11/2016 21:26

Yeah the loan is a great deal right..... You didn't have to be mystic meg to know they were going to roll it. This is known in banking as 'extend and pretend'.

[hugepants] 15/11/2016 21:08

The concert party holds 65% of GED. I doubt its going to be in their best interests to screw over GED shareholders given they are the biggest!

Getting 12% interest on a secured loan basis is not actually a bad deal. eg. Look what Bowleven have done with a big part of their cash over the last 12 months; squandered it on a mediocre gas project.

I think the concert party must value the listing otherwise they could offer GED shareholders 35p a share and I'm sure most would accept just to escape.

[anangf] 15/11/2016 13:54

The whole thing stinks

[bigdazzler] 15/11/2016 13:30

In my opinion this loan stinks.

[nick rubens] 15/11/2016 13:29

Is this loan note likely to get bigger?Did it start at $8m and is now $12m.

Are they paying the interest and is it paid from continually increasing the loan note?

[neo26] 15/11/2016 12:35

pi's dont have enough votes to request return of funds.

[xow98] 15/11/2016 10:13

Has anybody had direct communication with the BOD on this?

[family values] 15/11/2016 08:50

HP

Have you checked the age of them?

No sane investor would want anything other than a return of cash.

Someone with interests not aligned with those of smaller shareholders?, I think you can guess.

[family values] 15/11/2016 08:46

Surprise, surprise

At what point will an adult call a halt to this nonsense.

[hugepants] 14/11/2016 22:23

Not much happening with this gem then.

Family Values
It sounds like you have personally inspected these boats. What exactly did you not like about them. Was it just the rust? Did you notice any holes?

[family values] 12/11/2016 13:25

HughPants, are you having a laugh?

2 rust buckets from the bloated shipping sector.

One of our Director's other companies was unable to sell them on, and is now going to offload them to GED.

Why do I fear that GED will swap a large amount of cash for these disasters?

But rest assured our trusty, independent, Director, Mr Blindy McBrown Envelope, will say everything is fine.

This company stinks to high heaven.

Keep your ships, return the cash to shareholders!

[neo26] 03/11/2016 22:21

this company looks dodgy!

[hugepants] 03/11/2016 20:50

Good question. Someone posted a link to the 2 ships a while back. Anyone have it? I don't think they are rust-buckets per-se. And I'm not sure acquiring a couple of boats is going to do any harm to the share price given where its at just now.

[loafingchard] 03/11/2016 11:32

Huge pants and others; What does it all mean ?Thanks in advance

[anangf] 02/11/2016 18:30

Yeah how anyone can think this is a good outcome for shareholders.