Member Info for redeyemines

With both sets of accounts way overdue, AIMS have got the rule book out and pulled the plug on our listing..... Fair enough you may say,... But have they been a bit premature.

... Funding, funding, funding has been the issue for 18 months now, and it's turned into a real chicken and egg situation, whereby it was impossible to complete the accounts until the funding was sorted, and distributed and the rest of the moves completed.

... Now it certainly looks like the German bond will be the final piece that unlocks the funding, which will settle any outstanding debts, complete the acquisition of Eli stakes, and, at last, let the outstanding accounts be complete.

.. This was all discussed in the last RNS, and if things go to plan, then all should be completed by late Sept, and a new listing doc should be ready, and we should be listed again... But not on Aims

... Maybe the company have now outgrown Aims, and it's time to seek a listing elsewhere, (even if we have been rather forced into it), so let's move forward.

.. Aims may have made our minds up for us, but they may also have simplified things as well, because our reorganisation wi not now be classed as a reverse takeover, and we can proceed with plans unhindered.

.. Certainly the Inv Chron article is very bullish, and I can't wait to see the details of the plans, and to see on which mkt we finish up on.

Are they just a buy and sell back, just to swamp trade and keep the sp steady ??

Don't know who these people that wrote this article are, but there some scary figs in it if they are right.

.... Energy demand to increase by 80 % by 2050 and fossil few to REMAIN at 85 %..

... That would mean fossil fuel use to rise by 80 % ( to keep proportion unchanged) by 2050.

..... Can't see that somehow.

YKIR---appreciate your post and the talk of some of my past thoughts, and glad that some found them interesting.

-Of late I have stopped posting, not for any "dark force" reason, but purely because I think it has all been said.

---We all know the case for OPM , all the benefits it can bring and not least the absolute dire straights Bangla has found itself in now, and I am as certain as anyone that OPM is a fantastic course that Bangla should take-----I have just stopped repeating it, that's all.

-Like most on here, I am at a loss in trying to understand the huge trading volumes, and the lack of SP movement----so I was trying to offer a "what if"

-Maybe we are seeing buying coming from "insiders" in Bangla, and that is being hidden by all the smoke and mirrors of the 350 mill shares being traded back and forth.--Maybe those "insider" trades could be telling us that all is well and the GL is coming soon.

---But when things look so simple, I will always look for the "what if's".

-A SP that was taken down to almost 1p only 6 months ago, is now being flagged to rise to ,god knows what, with everyone being allowed to "fill their boots" without the SP moving.

-The case for OPM at Phulbari looks compelling, --- and we should all make a fortune.

-But surely it can't all be that simple---can it ??

-- Searcher added up the T/O from early Feb and it comes to over 350 mill shares traded.

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---Think about that ---350 million shares traded.

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-Not ONE holdings RNS, and the SP is stuck , rock solid, in a tight range.

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-So how on the earth can those things balance out ??------They can't.

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-What I suspect is happening, is that the SP is being held steady by huge amounts being shuffled backwards and then forwards, with no real change of ownership, but with the effect of swamping any real trade, and making it impossible to tell what is really happening.

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-I thought we had a seller, who was filling in all the enthusiastic PI's, but that looks too simple an answer now, (and would have also required a holdings RNS by now), ----so what have we got ?

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-May well be an orchestrated buyer hiding in all the smoke, going through any number of holding accounts, so as not to trigger a TI rns, and accumulating while everyone is distracted by the huge two way turnover.

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-With the SP held steady for what seems like months now-----what price a T/O ?

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--------If our major shareholders are involved behind the scenes, then you can forget all the big numbers we have all been hoping for (£1, £2, £3--or the £10 party).

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---This could easily be just a % "Premium" of the average SP over a short historic period----

----a 50% premium is normally enough-----that would take us to 9p ---AAAARrrrhhhh.

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-They could of course be very generous and offer 20--25p----thats a huge jump from 5.5p

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-Don't ask me how they could sort the mechanics of such a bid, --all I know is that it's starting to feel like a distinct possibility to me----ESPECIALLY with the one line denial from the Co.

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-Hope i'm talking carp.

Still worried about a cheap T/O heading our way.

-The only reply I have had from the Co over the last 6 months was a one liner to deny any T/O.

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-Just my personal opinion----but-----I do NOT trust our BOD.

If the turnover drops away while there is a holiday period in Asia, then that tells us exactly where all the buying has been coming from.

-Bangla (insider) buying can only mean one thing.

-The GL is coming.

-If so ---follow the money---and it will be a STRONG buy

Yes I know we've been suspended for a long time and the first attempt at raising finance failed after what seemed to be a done deal.... So as Sam said, don't be surprised if SLE seek compensation from TRI .

... That was for about 150 mill dollars, which seemed a huge step for us at the time.

. But, now look at what is in the offing.... A bond to secure future finance, over the next three years, for anything up to half a Billion (500 mill) Euros.

.. No wonder this has taken a time. These sort of deals don't come overnight, and all credit to OF for putting this together.

.. I've said it many times before,... HE IS ALWAYS 8 STEPS AHEAD.

.. So what are the plans for the next three years and that potential 500 mill of finance.

...

A 500 million euro bond facility over a three year period, to secure finance from a well known third party.

.. Don't know what is coming but it sounds large, and typically OF complicated.

. Could well be with the wait.

Well that should free things up and finally get the refinancing sorted.

At last they seem to be waking up, and coming to the right conclusion.

Taxes and duties on imported coal would rise from 5% up to 22%....that would surely seal the fate of imported coal.

... They could not afford to import any more and be forced to use their own coal.

Maybe this is the time for Bangla to give India back the desastrous Dyani plant.

... Let India have the electricity, and the capacity charge, and see if they will pay the exorbitant end price... No chance.

... This is Banglas ideal time to play a get out card, and "help out" theit neighborough in the process, a win win for both countries.

Tfft.... Yes mud, I've given up reading and posting, it just gets lost in petty squabble...

.. What the hell has happened to this bb, is was full of good research, and now it's been infested with personal arguments.

... Please... Keep your personal stuff offline somewhere,.. Or be the bigger man and just use the filter button and ignore.

I've been out all day, and with a couple of posters on filter it's hard to follow what's been said.

... Has Mankini been band, and if so why, and who has proposed it...

... He has been a solid shareholder and good contribute to the bb for longer than I care to

remember......

... So what has happened here today??

Yup, this is one of those "major projects" that Hasina will want to have a fanfare announcement over, amid maximum publicity.

---A project worth up to $100 bill with an initial outlay of $1 bill from Power China, is "Major" in any bodies language, and it will not be left to underling ministers, to announce.

---A formal signing between Hasina and China is what you would expect.

-Send the Finance Minister out there next month, to do all the paper work and agree the figs, followed by a bit of DD, and then the formal announcement from Hasina and China when everybody is agreed on the detail , a little later on.

-In the meantime things will leak out from various meetings ect, (we await news from the one last weeks), and it will be all well known, and out in the open, long before the big whoha signing ceremony.

-Greater ties, loans, funding projects, it all smooths the path to OPM at Phulbari.

Nm

---Thanks Terry--- Got over excited-----thought i'd had the last of that problem 60 years ago-lol

There you go 1.1 mill at 7.20

...its done.

... If you have been part of any large, late reported trades today, then please feel free to correct me.

.. This is what I think we have seen today.88

.. I think, (and it's just my opinion) that the " rump" of these subscription shares, has been spread around the other mmks.

... My guess is that they each all taken 250/_ ish, and now the one main holder is out.

.. A few mms with 250 each is not the bottle stopper we have had, and will clear, or be run, much easier now.

.

. So my bottom line is

.. It's done.