Green Dragon Share Discussion Threads

[srpactive] 03/10/2017 10:06

The largest shareholder is the ceo, I believe,as
stated in latest rns they will start working on the bond issue
four options, dyor.

[srpactive] 03/10/2017 09:40

The ceo could release once bonds sorted.

[john henry] 03/10/2017 09:39

When you consider the free float here is about 2%.They certainly need to create more liquidity. Hong Kong Listing. More volume today than the last few months LOL

[srpactive] 03/10/2017 09:28

So funny making money, I agree.

5000 buyer is back, dyor.

[srpactive] 03/10/2017 09:21

Yes agree, once bonds sorted as recently mentioned in the
last rns, things could here and gdl get very interesting
indeed, dyor.

GDL feels like another one of my little finds, dyor.

[john henry] 03/10/2017 09:18

Interesting volume build up,couple of 25K buys.Stock is very thin. Bottom forming, has been a disastrous last few years for LTH

[srpactive] 03/10/2017 09:13

Offer rising along with the buys, maybe bond talks
starting as mentioned in the latest rns, dyor.

[srpactive] 03/10/2017 09:03

Buying starting this morning C.

[coxsmn] 02/10/2017 11:32

I've got a position here Srp.

[srpactive] 28/9/2017 09:51

Any thoughts?

[srpactive] 27/9/2017 11:41

C

Results out tomorrow then.

[happyholder123] 09/9/2017 08:48

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[haroldthegreat] 01/6/2017 10:20

One should obviously read the accounts before going to these presentations !!!! But life is too short .

[haroldthegreat] 01/6/2017 10:18

From the accounts
The Company has an US$88.0 million bond which is due for repayment on 20 November 2017. The bond contains a number of financial covenants that are measured by reference to EBITDA and calculated at each reporting date. As announced on 2 September 2016, during 2016 the Company did not meet two of its financial covenants. As yet this breach has not been formally waived, however no default notice has been issued by the Bondholder Trustee, and the Company has continued to make interest payments as they fall due.

In considering the appropriateness of the going concern basis the Board gave consideration to the following;

- The Company is currently actively engaged with a number of banks in order to re-finance the US$88.0 bond and to provide further funding to support future development. The Company has received draft term sheets from banks indicating that they are willing to progress lending to the Company. The Company expects that the banks will complete their appropriate due diligence steps and confirm financing in due course.

[haroldthegreat] 01/6/2017 08:52

Tom w was active a few years ago warning about gdg but has gone quiet recently. If this bond is a problem why hasn't he pointed it out ?

[haroldthegreat] 01/6/2017 08:26

That might have been a more pertinent explanation for the recent 66% share decline rather than his explanation of a major investor selling. it might be the reason for the investor selling .it is usually the questions that are more revealing than the presentations
. It might explain why he wanted Chinese denominated debt rather than us ,the sales of his downstream investments and the proposed Hongkong float.

[haroldthegreat] 01/6/2017 08:21

Why didn't you raise that at questions at the end ?