Green Dragon Share Discussion Threads

[haroldthegreat] 02/4/2014 14:22

is there a smell of burnt pizza fingers today? a shame for anyone who had read shorting on the pasta menu and believed the menu.

[stevo2011] 02/4/2014 13:36

The bla has added 25% to the share price and there are other agreements to come , fingers in many pies

[wiseacre] 02/4/2014 13:28

The Chinese get 1300 wells at 90% cost recovery and GDG pay them $13 mill..
The rest is blah.

[stevo2011] 02/4/2014 07:28

And there we have it - this will de-risk the company regardless

[stevo2011] 01/4/2014 08:10

And as for getting found out eventually - he has been working in china for nearly 20 years ,they are taking their time

[stevo2011] 01/4/2014 06:07

Wrong read the RNS it has a facility to draw up to 100m

[wiseacre] 31/3/2014 23:22

And don't exaggerate. The convertible bond taken up by by CDC was only $35 million. Grewal is very persuasive as you know well. But he'll get found out eventually.

[wiseacre] 31/3/2014 22:29

Yes and you appear to be GDG's PR man

[stevo2011] 31/3/2014 12:24

Not what I've heard, another failed attempt by the failed pizza man himself - apparantly he's got a contact in the east - yeah Lincolnshire I believe.These lot issue damaging reports prior to shorting campaigns , GBO, QPPand more recently IOF have been the lasted toy .He tried in October and failed with the " dossier from china " shares have gone up considerably since then.GDG agreed a 100mil usd convertible bond in December , so ok if required ,they have signed a HOA with CNOOC and a MOU with petro china, word on the street is the compensation that is being agreed far outweighs and mitigates the court case potential costs.TW is a washed up failure

[wiseacre] 31/3/2014 12:10

Posted on iii and taken from Shareprophets; suggests shares are being ramped ahead of a placing


AIM Cesspit posterboy Green Dragon Gas (GDG) announced in December that its appeal in a Singapore Court case which it has lost, against Conoco Phillips, had been postponed. However it stated that it would probably be heard in the "first quarter of 2014." I do not wish to be seen as a total pedant, but the first quarter ends tomorrow.

A source out East tells me that the word on the street is that Green Dragon has lost and is on the hook for $60-$70 million. Given that the first quarter ends tomorrow perhaps Green Dragon might care to issue a statement to clarify this matter.

Of course Green Dragon has form in not commenting on important matters. It is yet to respond to questions from last October about the "Bloody Dossier" as revealed exclusively HERE.

There is the other matter of cash, or rather lack of it. As I have pointed out several times, but most recently here, Green Dragon has a dire track record of burning cash year in and year out and the bank accounts right now are pretty much empty. So if it has lost this case where will it get the moolah from?

Rescue placing ahoy? That little matter and the fact that this company cannot answer simple questions on the bloody dossier and its chronic inability to generate cash makes these shares, at 315p, valuing Green at £429 million, patently one of the most overvalued stocks on the Cesspit.

[goosegog] 28/3/2014 10:53

Wierd.

Trades are being hidden.

[stevo2011] 17/3/2014 13:33

Interesting new job requiredFor M&A projects Senior Financial AnalystCompany Name: Green Dragon Gas / Greka China Green Dragon Gas is the parent company of Greka, a vertically integrated gas company in China. We focus on the exploration, production, development, transportation, distribution and sales of natural gas from coal seams, commonly known as coal bed methane or CBM. We have over 500 employees with operations throughout China in Beijing, Jiangxi, Anhui, Shangxi and Zhengzhou. Responsibilities:Able to build, maintain and improve financial model for M&A project;Liaise with internal and external parties on the preparation and delivery of business valuation;Assist the company management in screening, executing and monitoring investment deals;Conduct industry and corporate research and summarize findings in management presentations;Analyse business models and business plans of M&A target companies;Assist in the deal structuring and due diligence process;Prepare formal documentation and presentations to support investment recommendations; andMonitor existing investments and prepare management reports.Requirements:Degree holder in Finance, MBA or CFA preferred;At least 5 years of experience in financial modeling; Hands on in DCF, LBO modelingBanking experience highly preferred;Strong financial analytic and technical skills;Flexibility to work in a dynamic and changing environment;Excellent interpersonal, communication and presentation skills;Fluency in written and spoken Cantonese, Mandarin and English; andFrequent travel to China.We offer attractive remuneration package and excellent career opportunities to the right candidates. Interested party please send resume with availability, current and expected salary to Ms Cheung at [e-mail]

[stevo2011] 06/3/2014 17:56

China-focused coal-bed methane specialist Green Dragon Gas reported Thursday that it has entered into a memorandum of understanding with PetroChina regarding the company's interests in the Chengzhaung block – part of the Shizhuang South Production Sharing Contract. The MOU requires PetroChina to provide information for Green Dragon to complete an audit that will enable it to conclude and accept the capital expenditure needed to develop the block, as well as gas production, gas sales and related revenues. Commercial gas sales from the block began in March 2010. The two companies have agreed to conclude the audits and the related definitive agreements on payments during the first quarter of 2014. PetroChina will continue to be the operator of the Chengzhaung block while Green Dragon will continue to operate the Shizhuang South block. Green Dragon Chairman Randeep Grewal commented in a company statement: "We are pleased to be in continued cooperation with PetroChina and look forward to partnering with them as they operate the GCZ block. Following the upcoming audit, we will be able to confirm the amount of expected receivable from prior year gas sales as well as the related capital spent for the block's development. "We now look forward to progressing this MOU to a successful conclusion for our shareholders early in 2014." - See more at:

[stevo2011] 06/3/2014 14:23

But has already agreed in principal a mou with petro china and a heads of agreement with CNOOC with the big old CNPC to follow.

[wiseacre] 06/3/2014 14:03

RG is persona non grata in Beijing

[stevo2011] 05/3/2014 12:29

He goes drinking with RG

[wiseacre] 05/3/2014 11:56

Contacts in Beijing

[acliff] 05/3/2014 08:39

where/how did you hear about this?

[stevo2011] 05/3/2014 08:39

Wiseacre you just keep posting the same stuff from months ago. The 1500 rogue drills will far outweigh the costs and outcome of the court case , check out the GDG presentation on LSE , once the complete audit has been done not only will they see the benefit of any production earnings they will recoup capital costs and more importantly have a case study as to present to the big players as to this is what the competition is poorly doing in the field against grekas methodology which production levels far outweigh the poor Chinese competition, GDG will see long term benefit here

[goldfeverthrush] 05/3/2014 07:50

we will see soon enough wiseacre. can you trust your sources?...

[wiseacre] 05/3/2014 00:09

The court appeal in Singapore has been heard and word is that it did not go well for GDG. I also understand the total liability to Conoco Phillips could be $70 million rather than the $46 million previously quoted. We await the judge's ruling. Be very careful of this overhyped stock. Mr Grewal, who is a consummate salesman, has stretched credulity to the limit. All announcements are open to question and the shares are too easily manipulated.

[aim_trader] 03/2/2014 10:24

Stephen Hill, VP, will be updating investors on 19th February 2014 in Mayfair, 6pm.

Link:

[scrutable] 22/1/2014 08:49

A very bullish RNS from Green Dragon Gas,yesterday: a 304% Y on Y increase in gas production to 7.19 billon cubic ft,(=1.2 million barrels of oil equivalent) .........signifying a striking increase cash flow......and CEO Randeep Grewal's statement....." We remain confident of achieving our target exit rate for this year of 18Bcf"
.
That's a promise of a further 150% increase in production during 2014,

Also the paragraph ......"During the closing days of the quarter, we successfully raised US$35m through a convertible bond, issued to GIC Private Limited, the Government of Singapore sovereign wealth fund. This enabled us to launch the 2014 drilling programme....."

That secures finance for the first 25 wells of the 150 well contract issued to Greka Drilling last week.

[scrutable] 15/1/2014 08:54

apologies wrong page