Member Info for redeyemines

What a disgraceful summing up of 20 years of hard work and solid research......you should be ashamed of yourself.

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Are you Senn.?

I have been trying to report things, and even that won't work tonight....

..TELL ME HOW YOU HAVE MANAGED TO GET YOUR POSTS TICKED UP .

I don't what strings are being pulled here tonight.........but try and "tick up " a post by anybody other than YKIT and it won't work....(I know others are trying..)......and yet every post of his is getting ticked.

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Wow, that's impressive if they can scale it up.

----While inviting suggestions from the opposition Rahman said he was willing to listen----------------------------------------------------------------", stressing that any practical and implementable proposals will be accepted in the interest of the people."

I want to go back to something I have posted a few times over the last months, and see how it fits in with these latest reports.

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-When you look at these proposals it's important to spot the common denominator .

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-----"Barapukuria coalfield in Dinajpur, the development of an underground mine in a 15 sqkm area in the north-western part of the Jamalganj coal field, spanning Naogaon and Joypurhat, and the establishment of an underground mine in the Khalaspir coalfield in Rangpur. In addition, there is a plan to develop an underground mine to extract coal from the Dighipara coalfield in Dinajpur.“

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---They are all owned by the Gov, under PETROBANGLA

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-To mine Bara would mean mining Phulbari (see the map I posted earlier), and it makes no sense to have two different contractors doing the mining, so it will obviously be all one project.

-so who runs it.----- PETROBANGLA

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----a JV between GCM, Power China and Petrobangla---has to be the way this will end up and all under the umbrella of of a Perobangla sub, --like say --Coalbangla.

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-Working out the percentages, as to who gets what, is the bit they must be talking about, and GCM can only offer their valuation (market cap) as a yard stick to their claim------and that needs a stable SP whilst things are finalised.

Ttps://www.researchgate.net/figure/Figure-1-Location-Map-of-the-Barapukuria-Coalfield_fig1_303524899.

--Take a look at this map of Bara and see how small the whole deposit footprint really is.

--If they are seriously talking about just OPM in the southern portion, then you are talking about a mine of less than 1 (one) square kilometre.---- The slope of the walls (45% at best)would take up 700 metres to get down to the coal at 350 mts.

-That means that the mine site would have to be almost three times the size of the deposit in order to extract all the coal.-------and that is without finding somewhere to put all the overburden spoils and mining equipment.

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- It just doesn't work.

Looks like that 6.20 chart bottom is going to hold...upwards now.

Thks

The Polo holding was always set at a max 30%. Tan

.YKIR...i did think that that should have been the situation, but I then looked back at past interims and finals and could find no mention of it.

.Of course I could have missed it, and it may have been there all along and not have been a new move,

..If you have found it on previous rns, could you give me a heads up .

Any t/o would be at a premium.....might not be the £10party we all dreamt of, but it would be a premium nonetheless .

.So if we ever get a GL and full run to production, or a cheap t/o for peanuts , either way we will all make money from here...but maybe as much as we wanted.

.That of course depends on gob going for open pit mining......... it's still all in the balance.

Yes dose, I think you are on the right track....

That conversion price takes them to about 30% ...if they achieve that, then we are extremely vulnerable to a cheap t/o.

.BVI have dragged out Polo reregistration for over 9 months now, so things are not going Tangs way.

...or are they ?

.Before the interim we had an alarming situation brewing...whereby Polo could have delayed registration and let the loan accrue interest.(gcm could not force an early settlement of the loan, while polo was dissolved)..I think the time limit was 6 years, and it it had gone that far, we would owe Polo about £10 mill, and if that was ever converted then Polo would have already had about 200 million shares , or nearly 45....50 %.

.This was obviously a worry to the board, and so in the interim we suddenly had this 30 % limit imposed on Polo.

.Was Tang OK with this, or is he planning a way round it, or even a hostile t/o

Doze, I like your thinking here......We don't have the detailed explanation as to what governs the setting of the conversion price...but it must be a ratio of the recent sp average.

..If your figs are correct, and the set price of 7.5p (up from 5.2p) will give Polo about 30% of the then enlarged number of shares in issue,..

....then it must be..."job done"

..because nothing else can now earn Polo a bigger slice of the pie. now that a 30% limit has been set on their stake.

.Maybe they could take the brakes off the sp now, but that could let it run away and make the 7.5p conversion price need further upward adjustment....and that won't suit polo as it would reduce their percentage.

..So if you are right, then it's all eyes on Polo and the reregistering of Polo Resources in the Bvi....once that is done, then Polo can convert and fix their % holding, without the danger of a rising sp forcing a higher conversion price, and diluting their holding.

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As you say, big trades are not pi's, they are big boy pants , serious orders.

.Even when the placing was first announced, back in early Feb, with 16.6 mill shares on the stall for sale, we never saw buying interest like we have this week.

..Turnover ,of 5% plus, of the company since the end of Ramadan has to be telling us something is coming to a head.

...The two big questions have to be....who is selling, and who is buying.

... I'm still hanging on to the idea that most of the stock is coming from the rump of the placing, plus whatever else Peel has managed to pick up by sitting on the bid for weeks on end.

...As for the buying..the timing tells you it has to be coming from Bangladesh.

..Sooner or later UK ii's will arrive to join in, but will the stock be as readily available by the time they get their wallets open.

Sorry didnt mean to post, as i hadn't finished.

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.today's volume stands out like a sore thumb....massive orders, (many of which were hidden and delayed), have surprised everyone.

..Peel who has been holding the bid up for weeks, has obviously supplied most of the stock today, but who has done the buying.

..If you pull things apart, it looks like most of the buying orders were on the books right from the off this morning, ....so where did they come from.

..could these be coming from Bangladesh.?

The timing, coming as it does, with the end of Ramadan, and the reopening of their exchange, makes this a good possibility.

..watch the trades over the next few days and see if something g could be leaking out there.

Compared to the last few months, today's volume stand

Any Muhammead has been one of the major objectors to opm at phulbari for the whole of the past 2 decades ...what a mealy mouthed hypocrit he is, ..can't even bring himself to say Mine own coal at Phulbari...instead just he talks in broad terms and puts pressure back on the gov to come up with answers.........

...He should be arrested.

Ripley...back in October you posted about your holding in sle that was in an isa.At the time I told you mine had been transferred across from Jarvis to ii without a problem....,...

...That now turns out to be wrong.

It appears that once a stock is not listed on any recognised exchange for 30 days, it cannot be held in an isa.

.My holding is now being transferred from my Isa account into my Trading account....and they will go into that account at today's value ..ie..ZERO.

.That means that no matter what you paid for them, you are now regarded by HMRC to have bought them now at Zero, and any price you sell them at will be subjet to CGT., ....you will not be able to offset any loss you may have from your Isa purchase price.

OUCH.

The Irish Times.

-San Leon, the Dublin-headquartered gas and oil exploration firm, has been awarded damages in the region of €16 million by the High Court, after a Canadian asset-management firm sued by San Leon over reneging on an investment agreement failed to defend the lawsuit.

San Leon plc brought the action against Tri Ri Asset Management Corp (Tram) last March, accusing the Toronto-based firm of failing to follow through on a deal to swap 419,000 shares in US technology firm Palantir for a 10 per cent shareholding stake in San Leon.

San Leon, with offices on Crampton Avenue, Dublin 4, also sued father and son Shan Ahmad Ali and Asad Ali, director and chief investment officer of Tram respectively, and both with addresses in Toronto.

The Tram defendants failed to enter a defence to the lawsuit. Last month, the High Court granted judgment to San Leon in default of defence against the Tram defendants.

Look like a cash and ISA