Member Info for redeyemines

He said the same on Thurs---------- https://unb.com.bd/category/Bangladesh/dr-yunus-now-heading-towards-beijing-to-hold-talks-with-president-xi/156504

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---------he's gone out to CHINA the biggest user of minerals in the world and the biggest polluter as well--its a place of Slave Labour, and a dictarian rule, a complete money grabbing, asset grabbing, land grabbing , world domination country, --and what does he do--reads them a story of freedom for the young, female rights, food for everyone, 4 Zeros (whatever that is), peace and love, grow food and don't disturb the earth, and look after the planet-----what on the earth is he on----bet they nearly had him arrested

Bumpia--- I never like to get involved with back and forth arguments, as I always feel that these BB are here for research and facts, but you seem to be blurring the lines, between comment and accusations.

- You have appeared on this BB totally out of the blue, and from the word go, have exhibited a very pro Tram and anti Sle stance.-------------fair enough (just) as everybody is entitled to their opinion, but now you are overstepping the mark.

-Not only are you accusing two long term posters of being paid to post by SLE, but you also question whether they are in fact the CEO (Oisin Fanning ) posting under pseudonyms. Now you go on to make dangerous statements that go beyond research and opinion.

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-------"Lying and misrepresenting facts as San Leon has "

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-Is a strong statement to make off your own back, and one that could well land you in hot water, unless of course its not off your own back at all, and it is in fact you who is being paid by Tram, or maybe are you actually Tram.??

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-There, not an accusation , just a question.

... Just passing on the bits I'm hearing.

. Sounds like Tram have asked for two weeks to file a defense, and have been asked by the court to prove they have the 50 mill odd dlrs

Here is an open challenge to all our Directors.

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-How about YOU taking up some of these placing shares, instead of just taking "freebies" and leaving all of us PI's to support the SP all the time.

That was a statement from the CEO of Petrobangla in June (23), and they are the owners of both Bara and Dighipara.

-What he was advocating was to underground mine their other field at Digh.

---Wouldn't bank on it GP---they just seem to be good at taking "Free Shares"

----"overhang will take weeks to clear"

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-Maybe now with all the information out, perhaps this is the time for the Directors to at last put their hand in their pocket, and support this fund raise with a few "Directors Buys"

As far as I can see, this "new deal" was purely a share swap----no cash, ---no Conv Loan, No Warts...

-So does it really matter if TRAM are forced/capitulate---

-Lets hope there is some sort of restriction /time limit on when any shares given to Tram can be sold------------that way we avoid having an unruly seller once we are back trading again.

I'm sure its enforceable Blu----Oisin Fanning is not that silly

--more from the Irish Times.

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----"n foot of this, and following negotiations in September 2023, Tri Ri agreed to invest up to $187 million (€173 million) in San Leon.

In a sworn statement to the court, San Leon chief executive Oisín Fanning said that Tri Ri failed to honour this agreement, and no money was transferred to San Leon.

This inflicted “reputational and financial damage” on San Leon, Mr Fanning claims. San Leon intends to initiate separate legal proceedings against Tri Ri arising from this alleged breach of contract, Mr Fanning said."

San Leon, a Dublin-headquartered oil and gas company, has been granted a short-term injunction freezing up to €50 million in assets owned by a Canadian asset management company.

San Leon plc, with offices at Crampton Avenue, Dublin 4, has alleged in the High Court that Ontario-based Tri Ri Asset Management Corp has not honoured two agreements negotiated by the firms since October 2023.

The second such alleged deal, in which Tri Ri purportedly agreed to swap shares in US technology firm Palantir worth almost €50 million for shares in San Leon, is the subject of proceedings that came before the court on Wednesday.

Gary McCarthy SC, appearing with Declan Harmon BL for San Leon, said he was seeking an order freezing up to €50 million in assets owned by Tri Ri, its director Shan Ahmad Ali, and its chief investment officer Asad Ali. Mr McCarthy also said he was seeking an injunction restraining Tri Ri from selling its 419,000 shares in Palantir.

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-https://www.irishtimes.com/business/2025/03/26/court-grants-freezing-orders-over-claims-canadian-firm-reneged-on-deal-with-dublin-based-oil-company/

----do you work for LIDL

----------in the last three weeks we have had about 100 mill shares traded.

----Some big positions being quietly taken here.

I don't like to speculate, as most times the reality is slightly different, but things are not adding up here.

-For the second time we seemed to have a deal that was complete and agreed, only for it to collapse at the last moment, and on both occasions it looks like it is Tram that have failed to deliver, rather than anything SLE have done.

-People seemed to be very quick to point the finger at SLE when the original loan deal fell apart, with lots of sideways looks and whispers that maybe Tram had "seen something" that put them off from fulfilling the deal, but was this really the case..........I cant help but feel that maybe SLE have been unfairly cast as the devil here.

-If, as suggested in the press, Tram came back to SLE late last year, and offered this new deal, that doesn't sound to me that they blamed SLE for the breakdown, ---maybe it was TRAM's fault after all.

-Now we have this new deal (just a straight share swap), that all seemed to be agreed, and signed, but once again uncompleted------------ this cannot be right.

-If I've read things correctly, SLE have waited for weeks for the shares to be delivered, and have made numerous attempts to get TRAM to complete-now they have taken them to court.

-----What else was SLE meant to do ??.

-I said earlier that there are questions unanswered here------but instead of looking at SLE to find the fault------maybe we should be looking at TRAM, ----lets wait and see.

-Just my opinion.

You're quite right 36800, we shareholders are a little in the dark as to what is really going on.---- but again the Irish Sunday Times, seems to have the full story, and has spelt it all out again today.

-By the sounds of things TRI approached SLE late last year and tried to resurrect a deal. We dont know the details of this latest deal, other than this proposed share swap, and buy the sounds of things , all was agreed ---(and signed ???).

-The problem appears to be that once again TRI have not followed through and completed their half of the deal.

-The deal from 2023 collapsed as the cash loan from TRI never arrived..(no, I do not know the reasons why).

-Now here we are again, and it looks like a similar problem.

-A deal (instigated by TRI ?), which on paper looked fairly straight forward, has again hit the buffers, --and certainly I am at a loss as to understand why.

-The deal (or at least the part that we now know about), involved just a straight share swap of $50mill worth of SLE stock for $50 mill worth of Palantir Tech stock.----As far as I can make out, this deal was signed and sealed, but not delivered.------------------------Once again TRI did not complete their side of the deal, and reading between the lines, this is what has created all the tension between the two parties.

-I'm not sure how long the share swap has been outstanding , but reading things, it seems that weeks have passed and no stock has arrived from TRI (the same as the cash never arrived from the first deal), and this has been the source of the friction, and now the pending court case.

-I'm at a loss as to understand TRI's position here.---if a deal has been done -why do they not follow through and deliver the stock, and conclude things.

-To do it once was maybe understandable, but to do it again leaves questions unanswered.

For all those genuine shareholders that have not seen this article , i will tell you what it said.

-It was published on last Sunday, March 16Th.

-I cannot find a link to it, so I will quote directly from it.

-It involves----- "a $50 mill share deal that was not consummated"----this is news and is different to the deal from 2023.

--"as part of the deal Tram would take a 25% stake in San Leon, and in return, would transfer to the company $50 mill worth of shares in Palantir Tech"

-It goes on to say how this was originally going to be a parcel of stocks, but was later whittled down to the one stock.

-"however the relationship began to break down last month and the deal was never consummated"

-This plainly a new deal; from the one in 2023 and the article goes on to confirm this , by saying.

-"San leon and Tri have had talks over a funding deal in the past. In 2023 the two announced a $178 mill agreement made up of a loan facility, and the issue of shares and warrants ".

-----This was the deal we all knew about.

-Clearly the deal now being discussed is a new deal.

36800 you are proving to be quite a rude poster, and I'm am trying my hardest to be polite here.

... I would have thought that you would have a least availed yourself of a copy of the Irish Sunday Times, and read the article for yourself, before making further comment.

... Clearly you have not bothered.

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... I stand by my post, that SLE and TRI were in fresh talks, about a new deal.

. If you want any further information.... Go and find t yourself.

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I haven't got a link to it-but it was in the Irish Sunday Times -----It gave details of a deal that were different to the deal we all knew about back in 2023.

-Then it went on to say that over " THE LAST MONTH" things had broken down and SLE were suing.

-This sounds like SLE/TRI had been talking again about a new deal.,

I can't seem to find out much detail on this latest proposed deal, and like most deals SLE do, i'm sure it will be quite complex.----so we will have to wait for the full story-----Maybe it will come out in the Court case.

-A company source tells be the case should be in about two weeks time, and also that the deal was for a 20% stake and not 25% as reported in the IST. ($250 mill valuation).

-Its a shame that the two sides seem to be having a spat, as its quite obvious that they both wanted this deal to go ahead, and would not have been talking all this time if they didn't.

-Lets hope they can put their differences to one side and complete the deal, rather than the Court forcing them to make up.

----Interesting bit in the IST.-----------Looks like SLE have being talking to Tri Ass Man again, with a view to TRI taking a 25% stake in SLE for $50 mill ---given us a valuation of about $200 mill.

-I think that would value us at around 40p.

-A couple of years back we tried to do a deal with TRI for around $187 mill ---which was part cash, part convert loan, and part warrants-----------I wonder if this reported deal was part of a similar package.

-Once again it appears that the deal is being stalled by TRI and this time SLE have taken them to court.

-Now we have to wait for the full details, as the bit reported on in the IST only referred to a share swap. If this deal was anything like the previous one, then i'm sure there would be other elements to it ( cash loan, warrts ect).

-Tri do seem to be an awkward customer to do business with, and I wonder now if this latest court case will include any reference and damages claim for the first attempted deal.

-The IST seem to assuming that the break down in talks has scuppered the deal, but with action being taken by SLE via the Court, this deal could well conclude , whether TRI are having a hissy fit or not.