Update on GREEN

Ok. GREEN just confirmed my analysis with this disclosure:

http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-9193_GREEN.pdf

1. They clarified their intention to raise cash.
2. they explained the 750 M subscription by earthright.

They said that they are to process everything in 1Q of 2013.

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9 thoughts on “Update on GREEN

  1. Sir na finalize na ba signing agreement nila w/ Hydroring Capital BV or sa Jan 13, 2013 pa eto? Medyo matagal na akong ipit last Nov pa at kinakabahan pa sa US Fiscal Cliff. Entry average ko is 0.0227. 50% ng portfolio ko nakay green kaya hindi ako makatulog hehehe πŸ˜›

    Sir ano po ba insights nyo dito tataas ba ito after Jan 13?

    Salamat ng marami…

    Reply
    • Hi marlon,

      Happy new year! Sorry for the late reply.

      I sold all my position bro in GREEN.

      I was wrong in buying with the expectation for short term speculative gains.:(

      I do not know if it will go up after Jan 13 but I think we can see price action this first half of 2013 as antonio tiu infuse more assets to GREEN. πŸ™‚

      Good investing,

      Renzie

      Reply
  2. Sir Renz, medyo interesting tong GREEN, and I’ve research and it seems they have already have a groundbreaking last Mar ba (basta this year) and ang target is DEC 2014. And upon checking Antonio Tiu investment is at .010 and current price action is at .013 , it seems we have hit the bottom. Also, can’t find your original thread for GREEN, is there an estimate how much GREEN will earn ? also the possible PE Ratio assuming at .013

    Reply
  3. Thanks again πŸ™‚ , waiting for your TA update Sir Renz, I’ve actually bought some yesterday at 1.88…it seems BHP just walk out of the door w/o saying goodbye…but I’m also wondering that TA valuation should not be affected since TAP is already formed. The real question is what will happen to TAP ? are they gonna distribute it at all.

    Thanks in Advance po

    Reply
    • TAP will be distributed as declared. BHP only had a verbal statement he will not proceed with the drilling of SC 55.

      I am not adding but also not selling my TA until my target dates. πŸ™‚

      Reply
      • Thanks Sir Renz, I wish I could master the no emotion part like you do…I think TA will be okay once cooler heads prevail as fundamentals will support the price…well if there’s really gas and oil in SC55 someone will surell drill that one…why not tap another investor who has capabilities..

      • Just call me by my first name.hehehe πŸ™‚

        SC55 is an ultra-deep exploration project (1,500 m deep). Drilling a resource that deep requires special equipment. probably BHP did not find an ultra-deep drillship that meet their technical criteria. Let’s wait and see for more developments. πŸ™‚

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