Global Energy Development Share Discussion Threads

[neo26] 30/8/2016 08:53

it would be nice if ged do what eme are doing, they are giving some money back to shareholders very soon. They have also disposed an asset.

Well two weeks to go we shall hear something at the interims.

[neo26] 29/8/2016 12:46

Ged should consider giving back $10m to shareholders from their large cashpile of $35m.

That will make the current cap of 9m tasty.. :)

All the scaremongers who have recently sold at a lost will go away.

Fact of the matter is they have big pile of cash and a good asset in Colombia..

[family values] 29/8/2016 07:51

Mark Twain must be laughing in his grave....

[neo26] 28/8/2016 21:10

That's the reason why they have loaned out as they are getting more than if they left in bank. Had they lent to a party which was not related and had no decent collateral then I would be worried. They pay back or don't it doesn't effect our net asset value much.

They pay back our cash value per share is around 75p they don't pay back and their shares cancelled our cash value per share is around 70p.

So I don't know why family value is agitated.

At some point like Huge Pant stated they will have to write our assets back into acc. Price of oil has recovered from the lows of 30 dollar..

[anangf] 28/8/2016 21:02

No risk but loan pays 12%.....hmmmm

[neo26] 28/8/2016 20:49

Bad gateway,There was no risk involved in lending this money out, as everest held great number of shares in our co. They wont dare default and if they do their shares in our company are cancelled and we made $1m in interest this year to cover our expenses.Price of oil is around 50 dollars we need it to increase another 10 dollar and things get interesting again with our asset. Company certainly worth more than 9 m...

[bad gateway] 28/8/2016 20:27

I think its good business. A 12% return on equity at a time when there own business was crippled by the low oil price and secured on their own shares whose value is backed by $25m in cash.
Win win situation for ged hope they do again. They're better as a loan co. than an oil one imo.

[neo26] 28/8/2016 20:13

Well this will be sorted by 15 sept, then we can go forward..

[anangf] 28/8/2016 18:55

The loan calls into question the corporate governance of the company. I don't see any good in this. Anything priced at 12% is risky.

[neo26] 28/8/2016 17:15

On fundamentals even if the loan is not returned after cancellation of shares the cash per share is around 68p, this doesn't include the 22m valuation for the Colombian asset.

[neo26] 28/8/2016 17:08

Family ValuesThe share price wasn't at 25p when loan was arranged. So your point doesnt make sense.On top of this $1m interest has been received by everest.Like I said if everest don't pay loan back their shares are cancelled it like a buyback.

[family values] 28/8/2016 11:41

I feel your anger and denial Neo.

to quote Mark Twain

"It's easier to fool people than to convince them that they have been fooled."

[family values] 28/8/2016 11:38

I forget to mention the option to buy 2 laid up 40 year old ships.

[family values] 28/8/2016 11:36

9300000 x 0.25 = ?

[neo26] 28/8/2016 11:11

Familyvalues

They have put down 9.3m shares they owe in our company as collateral, so I don't understand where you are coming from. Also they have been paying us monthly interest fees.

So I don't see a problem here..

[family values] 28/8/2016 10:16

hxxp://www.theinvestigativefund.org/investigations/1182/hillary%E2%80%99s_mystery_money_man/


You couldn't make this stuff up.

Sleep well if you have money invested here.

[bad gateway] 28/8/2016 09:17

I'll take that as a no.
enjoy your day F.V..

[family values] 28/8/2016 09:09

Think St Patrick and the shamrock, like a mini vampire squid.

[bad gateway] 28/8/2016 09:00

You asked me do I know who everest and lyford are I replied no and asked you if you do. Why have you now changed tack? Do you know or not?

[family values] 28/8/2016 08:55

The original "loan" if that is what you want to call it was for 6 months.
It wasn't paid back.
A further 2 million was then "loaned".

Does that seem sensible?

[bad gateway] 28/8/2016 08:47

Do you and are you going to tell us in simple terms what you're alluring to?

[family values] 28/8/2016 08:45

Do you know who Lyford are?

[family values] 28/8/2016 08:44

Do you know who Everest are?

[bad gateway] 28/8/2016 08:28

Because they're were offered a chance of earning 12 percent per year wasn't it or 80k/month if you like at a time when the oil price was pants and expected to go lower?
Seems a sweet deal. Do you have a reason why its not?

[family values] 28/8/2016 08:13

Who are Everest?

Why are our board giving them enormous loans ?