There is a heading on the new Yahoo Finance website entitled CONVERSATIONS. Perhaps we could communicate there. We would have to use the symbol GGLR. They've stopped allowing the symbol GGR. Would people be willing to try it? I'll start by testing it now.
When I use my PC, there is no way to get on this message board. On my android phone, there is a box to type to name the message board I'm looking for. This is using Google Chrome. Is anyone else having this problem?
Is Yahoo in the process of eliminating message boards. Is there a contingency to keep in touch?
What does he mean by what will happen? It's a carried interest. Is he trying to find a way out for GSPC? Hasn't this been adjudicated?
From the time GSPC was supposed to come on line (about three years ago?) until fairly recently, the hold up was blamed on a strategy to get higher prices. It wasn't until this year that the technical problems and costs to build out DD were exposed as the culprit. This leaves GSPC at ONGC's mercy. Where does that leave GGLR? Would a sale of a stake take GGLR out of the partnership or would they get paid to approve the deal, assuming they have that right?
They would have to find an underfunded company with good potential assets. That's not easy. After all the years of hardship, does anyone connected with GGLR have the stomach for another go at it? It would have to be a property that the larger companies wouldn't bother with due to size and/or difficulty (like dealing with foreign governments or technological complications). They would have to put up their own money, no more carried interests. One bad deal and they're out of business. And where would they get a solid management team?
Any thoughts on what would happen with a buyout of GGLR's position in Deen Dayal? Would there be a cash distribution? There certainly are enough loss carryforwards to shelter it from corporate taxes.
I think your previous answer under the previous topic indicates why. They offer more to preempt a spin off. As.for the article, could it be to help someone get out of a position on this stock? Stock is pressured under a penny and traded 365,000 one day late last week.
If only ... I'm not very confident in Indian press accounts. Why would ONGC pay more than accumulated investment when larger investment is going to be necessary in a very difficult property?
I take it relinquishing limits upside on this property. Is the selling today related to concerns they don't have the means to complete Deen Dayal so they can maximize production? Will this force a sale?
Sounds like a price I crease is a must. If if doesn't happen, how can Deen Dayal be worth anything to GGLR? What company would want to come in and bail out GSPC?