Gran Tierra Energy Share Discussion Threads

[scott84] 05/1/2011 07:40

Tell you what that was pretty good for you knowing, that really made me
laugh what you posted last night.

I dont have you filtered because i think you are a guru, i think you are
a idiot actually, for years you just pick out stocks and then just ramp
them without any useful information, in all this time you dont seem to have
progressed to even the basics of reading accounts etc etc.

Your method of investing is to buy illquid small market caps and then just
keep ramping them until they move then you dump and move on.

Dont bother to reply as i will return you to the filter as you dont have
a clue ;-))

As for 6kenny, he's been filtered for a long time

[knowing] 04/1/2011 23:05

Give it a rest Kenny! You have achived status of lost credability already.

[6kenny] 04/1/2011 22:56

yas/jwe,

do you think gdas is serious,on the wind up or cannot read an RNS?

[knowing] 04/1/2011 22:56

dnfa no it's an American company ;-)

[6kenny] 04/1/2011 22:49

the bickering or the company....

company hangs in the balance...the bickering is eternal...

[dnfa1975] 04/1/2011 22:46

is this finished?

[6kenny] 04/1/2011 22:45

yas,

what was todays RNS all about?

[knowing] 04/1/2011 22:44

Scott I have sold most of mine into the rise having bought at 3.25. Wouldn't you having doubled your money? I do not have to declare my position especially not to you of childish rants. Anyway I was in avid discussion with Kenny who puts the stock down being a holder. I am intrigued by his trading philosphy you see.

You don't have me filtered because I add value. You know that as well as I do and don't deny that you haven't made money on the back of my fantastic tips!

You should also learn to read properly as it was Kennys target I was mentioning not my own laddy. Try to keep up please. Anyway need to book some hotels in India so ta ta for now.

[scott84] 04/1/2011 22:29

Your just as as bad as 6kenny knowing.

You were talking this up last week and kept mentioning you held and
have not sold and now you wade in with a price target almost half the
current price meaning you dumped and now you are deramping it, bit like
most stocks you hold, pointless one liners until the dump then not so
subtle deramps.

Cannot understand why i dont have you filtered, probably to warn others
when you post your garabge on small caps.

[yasx] 04/1/2011 22:29

6Kenny,

I would not read too much into that. The company is hardly going to concede defeat until (or if) it is staring it squarely in the face, and equally any optimism has to be measured and set against the context of the impediments that exist.
One could argue that without the sale the future might have been unsutainable, so that would be one way of interpreting this statment. The other way is to consider that following the disposal there is the potential to benefit from a leaner, more sustainable operation with less of a debt overhang. But all that can be considered later - in the near term the focus for shareholders ought to be on the completion of the asset sale, and the terms of any restructuring of the loan notes.

Incidentally, and especially in the absence of any firm proof, I think it is neither wise nor appropriate to infer that others have deliberately sought to mislead.

This is my interpretation only - others can judge for themselves by researching this stock.

Regards

[6kenny] 04/1/2011 22:25

I am strange! I am not going to keep repeating myself for your lack of understanding but FINALLY....I buy 4 or so AIM stocks reasonably high risk of which 1 generally goes bust, 1 multibags, 1 stagnates and 1 drops a bit and I have to wait eons for a return.

I hold BAO,ANR,ANGM and GTE....based on the above which stock of my 4 fits the 'going bust; tag?

I don't care if you invest differently to me, it is the way I DO IT.

Your 1-2 line posts on this thread are rather tedious. Why not drop the front and enter into the debate....what is your current take on GTE and what is your average buy price?

[knowing] 04/1/2011 22:18

GTE is very illiquid and I see it settling at 2.75p-3.25p by close of play Friday

So you are still holding are you Kenny? Why when you believe the above? You could sell and buy back double.

Seems very strange to me Kenny!

[6kenny] 04/1/2011 20:48

An extract from the RNS of the 29th..

John Grant, Executive Chairman of GTE, commented:

"The sale of the aviation assets is a significant milestone towards a sustainable future for GTE. Having decided that our aviation business was no longer core to our strategy for growth, the sales of its assets, for a fair price, will help the Group focus on its primary business in providing performance enhancing solutions for gas turbines in the power generation and oil & gas sectors. We are continuing to explore strategic options for the company and will update shareholders as appropriate."

For further information please contact:

Gas Turbine Efficiency plc

John Grant, Executive Chairman Tel: [phone]

Based on John's first sentence about ...."milestone towards a sustainable future for GTE" , it is either highly misleading or he has an ace card up his sleeve.....what are your thoghts yas/jwe?

[6kenny] 04/1/2011 20:30

yas/jwe,

Great posts as usual. Seems highly misleading in the RNS of the 29th when they say things like ...GTE is well positioned to take advantage of blah blah blah' and then the next RNS is the biggest clanger we could have ever imagined!

The cash burn is deplorable and is just cast iron proof that the current management is very,very incompetent with regards to running a company.

They need to speak with the loan note holders and major investors immediately and ask for more time whilst they look to sell the entire company, pay everyone off and then all do a COURSE IN BUSINESS MANAGEMENT whilst they also do community service for fleecing private investors through lack of regular, clear and concise communication....IMHO!!

How low do we go tomorrow, still a heck of a lot of people to cut loose after the buying frenzy of last week.

GTE is very illiquid and I see it settling at 2.75p-3.25p by close of play Friday.

[jwe] 04/1/2011 19:59

Yas-I find your research and assessment very thorough and well written-it also happens to concur with my own assessment.However you are completely wasting your time with gdas.He either does not want to see and understand or worse.Unfortunately i feel it is the latter.Best filtered i feel

[yasx] 04/1/2011 17:42

Kenny6,

I did not call the company today, but I shall try tomorrow. But I do not think there is any alternative to the outcome outlined above. The reason I wanted to speak to one of the Directors was to determine why they needed the cash so urgently - and if that is something that shall become routine every now and then. Of course, they are unlikely to tell me that, but you have to read between the lines to form a view, one way or another.

dyor.

[yasx] 04/1/2011 17:39

GDasv,

You really are hopeless - you suggest that dilution is not necessary, yet the original loan notes are now due on the 15th of next month (instead of Dec. 2012 as was the case previously), and the most recent loan notes are due in a few weeks time. So unless the company enters into an arrangement to swap notes for equity, it cannot continue (unless some for of alternative financing such as bank debt can be sourced). That is not my view, it is the view of the company. This from the RNS the other day:

'' If GTE cannot reach agreement with the Loan Note Holders by 15 February 2011 the Loan Notes will become immediately due and repayable on 15 February 2011. In the event agreement is reached with the Loan Note Holders by 15 February 2011 and such recapitalisation is not implemented by 15 March 2011, then the Loan Notes will become immediately due and repayable on 15 March 2011. In either case GTE will not have sufficient cash to repay the Loan Notes''

So let me summarise this for you -


* If the recent asset sale does not complete, it's likely to be game over.
* Even if the asset sale does complete there are significant impediments.
* Upon completion, D Loan Note holders will have to be paid more or less immediately ie this month
* But even after sorting that issue out, there is the problem of the loan notes - they are due in Feb now rather than the later date that was proposed previously. It seems inevitable that they will look to recapitalise these into equity since there does not appear to be any other plausible option. This will mean substantial dilution to existing holders
*If they do not or cannot recapitalise, then the loan notes become due and they have insufficeint cash and thus will need alternative financing which is hardly a given - again, that probably means it might be game over.
* So the most optimistic scenario is that the sale is approved, D Loan note holders are paid off, the rest is retained for working capital, and the remaining loan notes are converted to equity so shareholders get diluted but at least they end up with a stake in a company that might have a worthwhile future.

The onky other alternative I can think of is that they suddenly receive an approach for some or all of the remaining assets, and that approach ensures sufficient value to pay off the loan notes and reward shareholders. With only a matter of weeks to go, I very much doubt that.

Perhaps you ought to read the release again, but this time take the grit out of your eyes first.

Hope that helps.

dyor.

[gdasinv2] 04/1/2011 17:08

YasK, Yell don't have any Asset that it can be sold at the size of it's market cap.

When GTE Sold Only aviation business , the return was @11p for aviation only, at the time the share price was only 4p. The sale will now will be used in D-notes and excess will be used for further growth. If you look at Core asset , they are themselves worth 50-60 Million$ itself. So calculate the Share price after the Debt. Yell is nowhere with 0.5 Billion

[gdasinv2] 04/1/2011 17:08

YasK, Yell don't have any Asset that it can be sold at the size of it's market cap.

When GTE Sold Only aviation business , the return was @11p for aviation only, at the time the share price was only 4p. The sale will now will be used in D-notes and excess will be used for further growth. If you look at Core asset , they are themselves worth 50-60 Million$ itself. So calculate the Share price after the Debt. Yell is nowhere with 0.5 Billion

[6kenny] 04/1/2011 16:37

yas,

did you try and speak to the directors of GTE today?

[yasx] 04/1/2011 15:22

GDasv,

Do not be seduced by revenues alone - that in itself is not a reliable indicator. I can explain why, but I might be wasting my time. Alternatively, you can take a look at YELL, which has for quite some time generated significant revenues but the price goes the other way.

[jwe] 04/1/2011 15:12

Scott-Yes a serial plonker obviously

[gdasinv2] 04/1/2011 14:08

what will happen here - Some guys who were so praised the GTE asset - now showing their Zzzzz" and fews are wafting to grab at bottom like me :-). I have added a few more on dip.

I can't see any technical difficulties here for GTE to get through easily, still got 40Mellion revenue and sold the Aviation business more than market cap at the time when needed and also a prized , nicheassets, can be a BID/Takeover target at this price.

Asset is the Key here not the share price inho.

[gdasinv2] 04/1/2011 14:08

what will happen here - Some guys who were so praised the GTE asset - now showing their Zzzzz" and fews are wafting to grab at bottom like me :-). I have added a few more on dip.

I can't see any technical difficulties here for GTE to get through easily, still got 40Mellion revenue and sold the Aviation business more than market cap at the time when needed and also a prized , nicheassets, can be a BID/Takeover target at this price.

Asset is the Key here not the share price inho.