Global Energy Development Share Discussion Threads

[larva] 02/10/2016 13:26

Reminds me of the Buffett quote "you can't do a good deal with a bad person." Suggest we all put this down to experience and move on! Dont cry when it is one penny

[anangf] 02/10/2016 12:40

This stock is basically legal fraud.

[neo26] 29/9/2016 12:44

wakey wakey ged..

[neo26] 28/9/2016 09:52

cesspit!

im beginning to wonder, come on ged!!!

[neo26] 28/9/2016 00:20

everest wont be paying the loan back i bet they rollover for another month.

[larva] 21/9/2016 11:51

AIM cesspit

[hugepants] 20/9/2016 23:39

runwaypaul19 Sep '16 - 14:23 - 2813 of 2817 0 0
twitterati banding around a research note

Does anyone have a link to this research note?

[anangf] 20/9/2016 21:02

And people wonder why this is trading at such a discount to cash....the company clearly has no interest in maximising shareholder return

[tattooed93] 20/9/2016 20:41

useless people

[roy keane] 20/9/2016 08:48

It does look that way, us pi's can just watch and see the cash burn every year.Really scandalous, the mafia hold this stock....

[royaloak] 19/9/2016 14:34

Thanks, one I am watching, concerned they are running it more for the benefit of Management not shareholders though.

[runwaypaul] 19/9/2016 14:23

twitterati banding around a research note

[royaloak] 19/9/2016 14:20

Any reason for the move?

[family values] 19/9/2016 10:08

How is this one working out for you Neo?


Don't fret, remember you have first option on 2 rust bucket ships.

A more cynical man might predict that the remainer of your cash will be stolen, sorry, i mean't invested in those 2 nightmares.

[neo26] 16/9/2016 13:07

Anangf

$31m in bank and 8m mkt cap how long will that give ged before they run out of cash that 6 - 7 years.

Come on.

[anangf] 16/9/2016 00:38

The company is not cheap. The market is doing its job in discounting the cash for the likely future cash burn which is all the more apparent today.

[neo26] 15/9/2016 23:40

i know i keep saying it, the company is still cheap, its looking more likely Everest wont pay loan back.

But im prepared to hold these long term and forget about them. Cash is king.

[anangf] 15/9/2016 20:29

Why does this surprise anyone?

It is a disgraceful outcome for shareholders.

[larva] 15/9/2016 20:08

killing it softly

[neo26] 15/9/2016 19:48

That 18 months to find lucrative deal they would burn further $7m by then.

Where's the salary info? How much are they getting for doing nothing

[loobrush] 15/9/2016 15:48

Unfortunately the only ones that will gain out of this is the directors. Look at the salaries and overheads for a company basically waiting for a deal.This share has always looked cheap
but is unlikely shareholders will see any benefits at least for quite a while.

[hugepants] 15/9/2016 14:36

So they can't find a value-enhancing deal yet but don't mind burning through $4.5M per annum on keeping the lights on until they do find one? Where's the logic? By the time they do find a great deal they may have only $10M to invest. Sharp as tacks this lot.

[neo26] 15/9/2016 12:42

The Group has been actively vetting acquisition prospects in both the petroleum development sector as well as the oilfield services sector during the first half of 2016. Sustained low oil pricing has created enhanced buying opportunities stemming from highly-leveraged companies that are challenged within this current downturn. Global continues to have financial strength with a strong cash position and a debt-free balance sheet and believes that multiple sectors within the energy industry provide excellent "buy low", "hold" and "sell high" scenarios. The Group is seeking to use this downturn to capitalise on these opportunities.

Timing is key in successfully executing any strategy. Although the exact timing of an oil price stabilisation and following recovery is unknown, the Group believes that a future price recovery is, at some level, inevitable. We believe that over the next eighteen months there will be an opportune period to consolidate and acquire within the energy industry at low prices in order to expand and create a more diversified portfolio of assets and or companies that can take advantage of a future oil price stabilisation and longer term recovery. Global has not limited itself to looking at traditional petroleum exploration and production plays and has expanded its geographical research to cover potential opportunities outside of our current South America focus.

==============

another 18 months of putting your finger in your bottom, didnt say much about the loan due now in 15 oct.

They shouldnt be getting a salary for doing nothing.

[neo26] 15/9/2016 08:30

damn, still cheap stock