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Tuesday 23 October 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


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Zak The Knife sticks it to worthless tossers Green Dragon Gas

2017-12-06 01:52:24

Big news today from the shysters at Green Dragon Gas (GDG) but does it change anything? Over to the City's No 1 oil analyst Zak "the Knife" Phillips at SP Angel who does not hold back:

Green Dragon - surely this is an admission that its equity is worthless?

2017-11-16 03:35:10

Drowning in debt and red flags POS Green Dragon (GDG) admitted on 30 October that it was in talks with bondholders to push out repayment terms and it promised that those talks - which had been undserway for a while - would be concluded by 20 November. Well maybe not.

BREAKING: Green Dragon Gas: Imminent Bond Default

2017-10-05 00:45:15

It was Tom’s idea to call me “Evil Banksta”, the “Banksta” bit is simple: I work for a global investment bank in corporate finance (which bank is irrelevant as I write here in a personal capacity). The “Evil” bit is Tom’s embellishment, you could never meet a nicer, more honest, investment banker! But this is simply background so that you know where I’m coming from when I write that Green Dragon Gas (GDG) has not a snowball's chance in hell of refinancing its maturing bonds; it is inevitably heading for default.

Green Dragon - mega dilution or insolvency ahoy

2017-06-01 07:00:40

Green Dragon Gas (GDG) still has not answered the questions posed by the bloody dossier almost four years ago HERE. That made it uninvestable in my book. Its chairman Randeep Gewal was in London yesterday pressing the flesh at Proactive Investors - always a sign that a hat is being dusted off. I am sure he schmoozed the dumb mug punters present but here are a few things he probably did not mention but which you can find in the 2016 annual report HERE.

Zac "The Knife" Phillips goes for Green Dragon - warns equity may be worthless, calls for management change

2017-04-27 02:57:48

We have long pointed out what a dog Green Dragon (GDG) is. Its failure to answer the questions in the bloody dossier HERE was the biggest red flag. Now the City's top oil analyst, Zac "the Knife" Phillips of SP Angel has gone on the attack, calling for regime change and warning that the company's assets could end up with its creditors, i.e. the equity could be worthless. The Knife writes:

Green Dragon Misleading Investors – When is a decrease an increase? What a frigging joke.

2014-05-12 09:49:01

This morning’s RNS from AIM Cesspit posterboy Greed Dragon Gas (GDG) plumbs new depths when it comes to spinning bad news as good. The company, its Nomad (Smith & Williamson) and its PR firm (Pelham Bell Pottinger, PR man James Henderson) should all be taken out and shot. This is such a total frigging disgrace in describing black as white. Words almost escape me.

Green Dragon Gas – Court case Lost? $70 million needed fast?

2014-03-30 09:49:02

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.

Does Green Dragon Gas go tits up next week?

2013-11-22 16:27:39

AIM listed Green Dragon gas (GDG) has yet to offer any explanation to the bloody dossier containing pictures of Chinese villagers beaten up, apparent environmental vandalism in the US and questions on other matters. But that may be the least of its worries.

Green Dragon Resources: the bloody dossier, cash and the potential $50 million black hole – could it be game over within weeks?

2013-10-22 12:50:56

It is now more than three weeks since I passed to Green Dragon Gas (GDG) a dossier showing environmental wreckage in the US and bloodied Chinese villagers. The dossier was prepared by a former trade partner. I made it clear that I would publish a rebuttal in full.  Despite promises to the contrary I have received no such rebuttal. But that is not as pressing as the cash issue and a potential $50 million black hole which could sink Green within weeks.

Green Dragon & Greka Drilling - why no statement on the explosive dossier + cash?

2013-10-16 06:56:02

On the 4th October I published an explosive dossier on Green Dragon Gas (GDG) which contained photos of environmental destruction and bloodied Chinese villagers. The company had been passed the dossier 5 days earlier for comment and its spokesman (Mr Philip Dennis of uber expensive PR firm Bell Pottinger) promised a response on 4th October. There has been no comment.

Green Dragon Gas – Explosive Dossier?

2013-10-04 10:35:34

I was passed a dossier on £312 million capitalised AIM listed China energy play Green Dragon Gas (GDG) last week and it appears explosive. I invite you to see for yourself.

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