G3 Exploration Share Discussion Threads

[zen12] 11/12/2019 19:00

Just been calling it wrong since the 3-4p days so obviously aggrieved to miss out on 3.5 baggers abs counting!

[srpactive] 11/12/2019 16:31

J

I accept all you say and do not disagree, I was just commenting
on how the share price was moving.
Not questioning you, please do not get angry.

Everyone as you do very well must dyor.

active

[zen12] 11/12/2019 15:41

News shortly..looks like we have small leaks!

[srpactive] 11/12/2019 15:00

J

I think you might have got this one wrong, I
wish this had happened at gdl.

dyor

[pre] 11/12/2019 14:41

if goes into liquidation then zilch...red or black? risky and not for widows or orphans.

[mally6] 11/12/2019 13:58

JAKNIFE BACK boom time coming just do the opposite of whatever hesays

[zen12] 11/12/2019 12:37

Buys locked out??

[zen12] 10/12/2019 13:38

MM manipulation going on, controlling share price to cause panic here and load up on these very limited shares in issue. Fact is company has credible proposal therefore highly likely to be sanctioned by courts, court case hearing not until tomorrow so no inside info yet to worry from the sells...these are MMs trying to flush weak holders in my view.Hold tight or sell and if expected news drops buy back at premium...simple!

[iamgreat1] 10/12/2019 10:20

Looks like curtains here mass bailout now

[zen12] 10/12/2019 07:38

RNS Out! Suspension request withdrawn, all set for court hearing tomorrow for which G3E have already put forward a credible proposal...gla

[zen12] 08/12/2019 19:36

Believe this is the broker article from Oct 19, with target price 93p on BH resolution!https://www.proactiveinvestors.co.uk/companies/news/903743/vsa-capital-market-movers---g3-exploration-903743.html

[zen12] 06/12/2019 12:00

Bottom hit 4 times now - 17. Looks like we're going to see a hugh bounce up at some point.

[hope67] 05/12/2019 21:23

have you got a link?

[zen12] 05/12/2019 18:36

Where you got this, is it from an article? It's accurate enough and can't disagree with any of it. Still hugely undervalued when you consider their assets!

[serialinvestor1] 05/12/2019 16:04

As investors eagerly await the verdict of the Grand Court of the Cayman Islands (GCCI), it seems increasingly likely that the GCCI will approve the appointment of JPL’s over JOL’s as the outcome pretty much delivers – on point – the objectives of both (G3 and bondholder Nordic Trustees) parties.

Simply put, the institutional investor-favoured outcome will allow the bondholder to get their cash through a court-sanctioned scheme (the highest available protection in corporate law) whilst the company will be able to continue implementing its restructuring plan.

The plan would see the Joint Provisional Liquidators (JPL) re-structure G3’s assets and liabilities in accordance with its previously announced business plan (September 30 2019) which was to employ a £193m (US$250mln) reserve-based loan (RBL) to refinance the company’s balance sheet. In broad terms, the RBL would enable G3 to pay off its inter-company debt and carry out the spin-off of production subsidiary Green Dragon Gas through a dividend in specie.

An experienced bank has already been appointed to move the RBL loan forward.

It’s worth noting that, following the aforementioned spin-off, the company would be left with an exploration arm, where G3E has expended circa £207m (US$270mln) on its portfolio, and which it estimates has a 2P/mean value of over £625m (US$816mln).

That said, the company’s current portfolio in China is vast and provides a solid five-year backlog of projects. The most advanced of these, is the Guizhou exploration block (GGZ) which is expected to commence test gas sales at the backend of 2019.

More importantly, however, it’s important for investors to note that the company has invested over £765m (US$1billon) in the development of its China assets.

In fact, a recent report, conducted for the RBL in October 2019, valued the producing Green Dragon Gas, GCZ and GSS blocks at £372m ($485millon -1P) and £996m ($1.3 billion (2P) respectively, and giving a total asset valuation of £1.37billion!

Given the moderate debt owed – which is more than covered by the company’s staggering assets – and given the company’s current market cap of 27m (19p), G3 is increasingly turning out to be one of the most undervalued resource plays on the main market. Accordingly, the market is rapidly adjusting its risk premium ahead of next week.