Member Info for redeyemines

That's a good reading of the article Searcher, and a good conclusion.

-----I HONESTLY did NOT see this SP move while I was typing---you couldn't make it up ---lol

Been away for a bit for personal reasons and haven't really paid too much attention to things, so have come back today to take a look at the state of play.

----First off, let me say, that as things stand-------------its all in the price.

---We've had Yunus spouting "next Gov should use own coal ", --we've had a placing, which then killed momentum, --and then we've had two or three tipsters pilling all their naïve retail customers in at the top, which gave us a spike at about 7.20, and that has proved to be the ceiling at this state of play.

--As those "thundering herd buyers" (remember ML) ran out of puff, then without any new news, a pull back was always on the cards.

---Buying limits filled in at 6.25 and below, until all the PI cash was spent, and then pull the plug------good market making.----Then it has just been a case of one step up, two steps down, until the weak holders lost their nerve and allowed the MM's to close their shorts---------------again ----good market making.

--Now where ??

-Feb Elections (Yawn) that's all in the price------- and no mention of "own coal" again, ----and now we are where we are.

-So what's going to spring life back into things--------could be a repeat of any of the past events from earlier this year, in the form of another round of tipsters---------but they will just produce another trading opportunity, and again a spike of somewhere around the 7.20 level.

---We could REALLY do with seeing the BNP manifesto, and seeing Phulbari talked about again, that would shift us to the moon,----- but I think we will have to wait closer to Feb before we see anything like that.-so we're a bit thread bare at the moment, and maybe we'll just wallow around for another few weeks yet.

---but

---Having said that, MM have a job to do, and mouths to feed--they need turnover, and at some stage, they will have to change the SP basis to generate interest again.

-Could this be the right level to move them back up from ???---------I think it could be.

-It's a good chart support level (4p ish) and the panicky sellers have dried up---and a few well orchestrated buys could easily turn the tide--------certainly get the feeling that all those small buys of today, are maybe just a MM trying a bit of fishing to see if they can encourage others to bite.------------Everybody like to see a bit of Blue, even if the whole lots only adds up to a few quid, but it may be enough to stop the rot, and steady the ship.

-Is this a good level to buy ?-----could well prove to be,---- for the LTH

-Is this a good level to buy -for the Day Traders-----only just------------we should rise from here, but without news, i'm not expecting many fireworks.

-All just my opinion.

Just so you know.. The 5.25, s are buys

Ive got buy limits in at 520 and they are not being filled----------very strange

NCTrades-the locals WANT this.

Yup NCTrade-close all those oil power plants that are too expensive to run, and just cost the economy in capacity charges, --and open up a power plant at Phulbari using own coal--it all makes perfect sense.

Yup NCTrade---they will have to stop importing dirty polluting coal, and use their own superior high grade clean coal instead.

Yup NCTrade---they will have to stop importing dirty polluting coal, and use their own superior high grade clean coal instead.

Wow, hold on a min.... So elections could be In 90days.. About end Oct....

Is that what they are trying for???

I said it yesterday, that I thought someone had gone round and filled in all the buy limits that were on the books, and I guessed that maybe we had an undisclosed ongoing seller.

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-Hands up all of you that got your buy limits filled in.

-

-Now here we are today, with no limits left and no trade for the mm to work on----until now.

-Indicating that they were happy to sell 6.25 (see the small bgns--3 of them) right from the off, this was always going to be struggle today.----------now at the close 6p offered has appeared, and you have to ask---were to now.?

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-Who is the seller and how low will they take.?

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-The limit order book could give us the answer------------i'm guessing the next orders are at 5.75 or more probably now 5.5, as some orders may have been pulled -----so will they get filled in tomorrow?

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-Maybe it is just MM shorting a support level--or do we have a seller-and if so -who and why?

-well, here is my guess (and it is a guess).

-

-Is this still the placing stock from March----------Have Allenby still got volumes on their book, and are trying to offload as the volumes picked up-maybe.--------------Certainly the seller is "in House" (just living on commissions, no turns) and the stock is being passed straight to buyers, so not showing both the sales and the buys.

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-As I said-just my two penneth worth-and could be completely wrong.

Very strange that out of the blue we get a string of reasonably sized trades and the SP holds steady.

-If I had to guess (and it is a guess) i'd say that these were all limit buy orders on the books that have been filled in.-----God knows where all that stock would have come from, unless they have an, as yet, undisclosed sell order---lets see.

-Or are the mm shorting a support level ---who knows.

So in order balance the US/Bangla trade gap, they will import grain etc from the US.

One of the major arguments against OPM at Phulbari was the loss of fertile, arable, land (even if most of the loss was only temporary ), and the need to maximise food production.

----That was always a poor argument, as the annual value of the lost crops, (even with 3 yearly harvests), was only about $50 mill, which they now concede can be imported.---( strangely 300,00 tons of wheat costs about $50 mill -)--

-

-Just the coal , mined at 16 mill tons a year, will SAVE them $1.8 bill annually on imports.

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-Its a no brainer-------just get on with it.

Ripley..... Why not

Shouston....... 🤣🤣🤣🤣

At a rough calculation, Yunus has borrowed about $20 bill on behalf of the Bangladesh people, since he got in the hot seat, and apart from that, he has done nothing, except galivant around the world.

-Well at least he can repay some of Banglas debts, using his newly acquired loans----- don't worry about exports collapsing, factories shutting, unemployment soaring, and a banking on the point of imploding, as NPL (bad debts) rise by 45%, and now account for almost 40% of loans.

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-3 Zeros is about what it all adds up to.

---Nero fiddling while Dhaka burns

Ah, thats better--

two German bond for a total $500 mill,

funding complete within 6 weeks,

a new investor, (although no details given )

and a return to a listing --either in London or an International Mkt, ...by the end of the year.

...No wonder the crazy gang have been out in force

There is a story on this in the "Business Post" but I cant open it to post it

Interesting the way things work across the pond.-----Although OF won the first case W.Man services have appealed, and a "special referee£ has "recommended" damages of $25 mill..---This is not a "Judgement" and OF will appeal.

Money repaid is all smoke and mirrors.----------Yunus has been round the world borrowing from Peter to repay Paul.,

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-look how the interest is skyrocketing.