Member Info for redeyemines

I never saw that RNS ---couldn't have made it up ---lol

HHHMmmmm-------weeks and weeks of huge turnover----no holding RNS and no real movement in the SP.

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-Could be somebody buying-----but could also be a seller (that's where my money is----just my opinion).

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----Seen this sort of thing before, with book building and placings---but we've had no RNS to indicate anything.

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-Any ideas anyone ??

At last, an article mentioning coal and pulbhhari.. Don't know how much weight they carry, but it's good to see it being highlighted at last.

.. Good find.

Ltd, Ltd, Ltd, ---these all sound like subsidiaries, and if they are being given dispensation to not have their accounts audited, then my guess is, that they are all, either non transactional or very nearly non trans.

-Almost shell companies.

Inflation is running riot... Workers are not getting paid for months. Their currency is in free fall.... I'm not so sure is that there is an answer now.... If they care at all about the people, then the number one priority must be food.... So I'm beginning to understand why they won't dare talk about digging up farmland to get at the coal..

..... No probs Searcher, we all get ahead of ourselves sometimes......... I read an article last night and thought it was direct quotes from Yunus, (maybe it was the one you saw as well).

.. Now reading other versions of it today it seems it was completely different to how I read it, and instead of it being a quote from Yunus, it was just a comment made to to Yunu

The joyys

----" I would like to make an appeal to give preference to renewable energy and solar power generation over coal, gas and fuel oil based power plants. Besides, I would like to request adopting appropriate measures to extract our own gas and coal resources."

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---The first bit to keep COP and the greens happy-----promising to move away from fossile fuels and on to renewables--in the future.

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-But

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-In the meantime continue the all important imports (coal) until you can get your own coal up and producing.

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-Own coal to run those existing plants----until Solar/wind ect becomes practical (never)

So, I've I've read this right..... He wants to maintain all important fuel imports, while exploiting own coal and gas, and then move on to renewables.......... Is this the Green light.

.... Use imports untill you can produce your own coal.

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COP is all about dreams and big ideas---the reality is entirely different.

----Will Bangla have pressure put on them---probably yes, --but only a small amount,as they are a very minor polluter,

-so here's how I see it panning out for Bangla at COP

-Think Yunus will have to promise to transition to renewables in the future, but in the meantime be allowed to run his coal plants.----he will have to agree to not increase the use of coal by more than a set %, ----but he will argue to use "own coal" in place of "imported coal"----and they will accept that.

-------"He further remarked that the existing plan entails the operation of 10,000MW coal power plants for the next 20 years."

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-well one things for sure, they cannot afford to import the coal for these plants for the next 20 years.

Searcher, well done for all the research work you've done and posted, its kept everyone in the game with their chin up----now the herd will start to see what could be coming and we could have a strong re-rate, even without the GL------ its important to realise that the last 20 years of "NO", really was down to Hasina and her crooked dealings---now she has gone, and the daylight is focusing firmly onto Phulbari, as it always should have been.

Still got your short open Afa.... Must be costing you a fortune..... But glad you can laugh.

Logic should therefore tell people, that if we are now heading for a listing elsewhere, then we are approaching the end game.---

--All the steps, starting from the funding, paying off creditors, on to buying further stakes in ELi (which should provide funds to ELi to satisfy creditors and halt court actions), and sorting out the accounts ect, must be nearly done-----

---Cant be long now.

The company have already stated that we will be listed elsewhere, so this is a logical step.

What IS.LAT??

Theres a lot of s--t to come out over the coming months----bangla is broke, and cannot pay its debts.----Adani are crooks and will be the first bill to get swerved, and the contract cancelled---That will not go down well in the international community, --their currency will tank further---and then---some of their banks will collapse...watch this space---the Elections are either going to happen PDQ as Yunus passes the parcel---or they are years away, as the country falls apart.

That's the trouble with all old politicians, they are always stuck in the past.---They repeat ideas and views they had decades ago, almost parrot fashion, taking no account of how the world and techknowledgy has changed around them.

-What seemed a good idea 20-30 years ago, is not always right for today's world.

The RNS of the 5th June spelt out all the steps the company were about to take.

-It gave a timeline for these, and the expected conclusion of about 3 months from the date of that RNS----that should take us into Sept.

----Patience Quel, patience.

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-----"If, as expected, the Expected Refinancing completes during June 2024, the Company expects to publish the 2022 Accounts and the 2023 Interim Accounts around two months after receiving funds and the AIM Admission Document around a month following the publication of these accounts. "

Like most of the Green Energy/Zero Carbon projects, they are just pipe dreams, that only ever work in ideal conditions.

-Closing off and cutting out fossil fuels has been a big mistake, and the UK should take a good long look at how things have panned out in NZ, before we start banning new Exploration Licenses for oil and gas.---We have already shut most of our coal production and tried to rely on wind/solar.---Trying to stop all fossil fuels and rely on mother nature to supply the right conditions to make up the shortfall, could be the biggest mistake we ever make.

--Never burn your bridges.

Pull your finger out searcher