Green Dragon Share Discussion Threads

[abeygale] 11/10/2017 10:53

It's Greka Drilling everyone needs to buy. They go up on every single 1k buy or more. Long term they are the best oil play.

[srpactive] 05/10/2017 08:29

Well the move this morning could move a few stops out,
I do not have a position here.

So it is TW and co here.

[abeygale] 05/10/2017 08:12

Its lucky I am not in this and in Greka Drilling. Contracts are contracts and have to be completed whether this is bust or not.

[srpactive] 04/10/2017 14:18

JN

Thank you, I know you are short which is what it is, but
you must base your investment on good and bad news.

I know you feel it is very unlikely but if they managed to
sort the bond maturities out successfully, what do you feel
the share price would be and do you ever go long stocks?

[srpactive] 04/10/2017 13:32

JN

Thank you, as I say I do not hold here.

Could they have a new lender lined up also?

[srpactive] 04/10/2017 12:10

Outlook

-- Monetisation of vast acreage through development, production and sale of CBM gas
-- Concluding Bond maturities
-- Progress Hong Kong listing alongside London to deliver shareholder value
-- Continue exploration activity at the GGZ Block and submit Block's ODP in 2018
-- Launch GSS LiFaBriC drilling programme to further increase sales volumes

[srpactive] 04/10/2017 11:14

They are going for a hk listing, last results rns.

They could be getting the revenue streams in place before
discussing the bond maturities, dyor.

[john henry] 04/10/2017 08:16

I do wonder why GDG bothers with a main market listing.

[abeygale] 04/10/2017 06:49

Greka Drilling will earn a fortune from todays RNS. Therefore fantastic news for me.

[coxsmn] 03/10/2017 18:52

Srp, its looking promising here, once finance is sorted i see gdg could rapidly expand production and become highly cash generative.

[srpactive] 03/10/2017 10:51

JN

Thank you, I do not.

[abeygale] 03/10/2017 10:34

Well at least if that happens it will not effect Gregga Drilling.
As Green Dragon will just be sold off to its debtors and the contracts for GDL will remain in place.

[john henry] 03/10/2017 10:25

JakNife look forward not back.

[john henry] 03/10/2017 10:24

3x25K buys news leaked.

[srpactive] 03/10/2017 10:19

This from the last rns, are you saying it is untrue?

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

We maintain a conservative balance sheet with gearing at 22% and a net equity of US$654 million at period end. We are now focused on the upcoming Bond maturities and concluding one of the four viable options. We expect to present our conclusions in the near term.

[srpactive] 03/10/2017 10:13

Okay, do you have a position here?