Greka Drilling Share Discussion Threads

[goldfeverthrush] 30/9/2014 13:50

why waste your time posting if you think GDL is so poor?

[beazley] 30/9/2014 13:46

Why would anyone want to risk investing in a dull very badly run drilling company that is deep in debt ?
Massive losses heaped upon losses is all they have ever achieved.
As for the morons on LSE who are desperately trying to pump this dud up so they can escape(its clear they are all deep underwater)
A $65 million order is not as they try to imply money in the bank lol.
They could easily make $1.00 profit on that contract or even a $1.00 LOSS!!
I think they priced it way to cheap to get a foot in the door and you will be lucky if it is breakeven .Or maybe it was "mates rates"
I doubt they will make a penny profit on the deal and I think they will struggle for the next 10 years scratching around being dull and uninspiring.
It doesn't matter to RG as long as he gets his GDG holes drilled for free or mates rates then it wouldn't matter much if this ran at a loss forever!!
It certainly isn't an investment not unless you like watching paint dry.
That's what I think.

[guru121] 29/9/2014 22:42

A fast growing company like Gdl should be trading at 20-30X the earnings.We have seen the delays which is not our fault.Fortunately all that is history.With Gdg going on the main market,Rgrewal's strategy speaks volumes.We have a backlog and Gdl is ready to fulfil the obligations.R Grewal has always avoided the dilution to preserve the market value of his investments, v.successfully,Demand is ever increasing in China & India and we have the best technology,at a reasonable cost.
Best time to buy in Aim is when the moral is low.
Gdl has a limited free float.It's difficult to buy large volumes so the only way to get in is to accumulate slowly,slowly.
Gdl is heading in the right direction albeit at a slower pace than anticipated.
I want to stick my head out & suggest my short term target of 30p-50p.:)Atb.

[johnwise] 26/9/2014 20:15

Via GURU121

VIDEO

Greka Drilling boss Grewal hoping to drill 250 wells

Greka Drilling. Order book for 2014/2015

[kaos3] 26/9/2014 18:30

anather china stock.fine but for whom?

[guru121] 26/9/2014 13:24

Greka Drilling. Order book for 2014/2015

[apache_dropout] 26/9/2014 11:10

Is there a huge placing being lined up here.

[guru121] 26/9/2014 10:54

"Another milestone event for Green Dragon Gas this year. This move is a natural upward migration that complements the material growth the Company has seen and the Board feels that the Main Market provides the right platform to realize the Company's potential.

This year has seen a material increase in the scale of Green Dragon's operation and reserves which has been accompanied by an increase in our market capitalisation which now stands at over US$1 billion. Green Dragon has been served well by AIM since its admission on 16 August 2006 and the Board believes that a move to London's Main Market now will provide the Company with a larger liquid market with an enhanced profile and an appropriate platform for future growth."R Grewal.

[beazley] 24/9/2014 10:21

I wonder what price the placing is being worked at ?

Or will he do an ESSAR and take them private on the cheap !! ?
Good idea to get 5 brand new rigs out of China and into your home country.

[rickmay] 24/9/2014 08:17

3p here we come .

[philo124] 24/9/2014 07:39

Interims out.

[mikealig] 02/9/2014 11:29

No, just saying it the way I see it. Thanks for thinking my musings will influence the share price but I'd beg to differ.

[johnwise] 02/9/2014 11:16

mikealig, Sounds like a De-Ramp to me or do you usually shoot yourself in the foot

[mikealig] 02/9/2014 10:22

Good to hear the progress being made in India but the market seems to be highly sceptical with regards to GDL. I'm heavily underwater here but don't expect to see any return until GDL show that they are actually making money or clearly demonstrate that they will. There's no doubt IMO that if they turn the potential into reality, the share price will be many multiples of what it is now, but until then, just have to be patient.

[conc2] 02/9/2014 10:12

well undervalued

[goldfeverthrush] 02/9/2014 09:44

next up GDG drilling contract...?

[johnwise] 02/9/2014 08:35

Greka Drilling Limited Further re Indian Drilling Contract

RNS Number : 5887Q
2 September 2014

Indian drilling programme progress

[mortie1] 02/9/2014 08:24

That's good, should be 5 rigs drilling by end of month. I wonder what the remaining 27 rigs in China are doing. A complete update including a full rig utilization report would not go amiss.

[dimtim1] 02/9/2014 07:11

Rns......India progresses.