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mangustona: it is really a sad place to be. In theory GDG has a big fraction of over 1500 wells that need to be either converted to LiFaBri or taken over and to be operated by GDG...this shoul all spell business, cash flows and profits for GEL. This is the theory, the prcatice is the share price action
stu31: new presentation out
1) Muirs has gone from 390k to 226k..drilling obviously didn't go so well which is why the results never came out.
2) Placer production is running at around 3600/yr when they said it would be at 5000 by now..although one of the GRU's has gone AWOL which is odd..the target of 7500 by mid next year looks doubtful. I also note that costs have gone up from $800 to $850.
3) They require $5.4m cash next year for their various projects which means they will be tapping/dilluting investors again (explains weak share price imo)
4) They have a new project (requiring $1.7m next year) that they haven't told investors anything about.
Greka Engineer. (GEL) Latest Trade
Greka Engineer. Most Recent Trade
05 Feb 2016
Greka Engineer. share price data is direct from the London Stock Exchange
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