Member Info for redeyemines

Think this may just be client's holdings being held in their nominee name...... Not the Co holding 8% themselves...

Bangla buying???.... Been thinking that for days...

......"Approx $500 mill a year"---as a starter--- before we even dig a ton of coal----those are very good numbers

---With the Green Light clearly visible now---lets not forget some of the LTH that cant be here to enjoy this day.

-Thinking of you Marv.

---Massive turnover since the start of Feb-----around 100 mill shares have been traded, and shuffled into new hands----maybe at least 40- 60 mill have been bought, --- this is not PI money, this is serious investment decisions.

-The whole proposal now looks like it has been put before the GOB, and the fact that it is being openly talked about in the Bangla press, can only mean one thing--- with no other options--The Gob are looking to OP Phulbari.

-With all the buying that has taken place over the last 6 weeks, the pool of free shares has shrunk significantly, and a scramble for stock is going to create one hell of a run in the SP.

Lots of day trader stock coming out this morning... A typical Fri....but this will dry up now.. Mmks happy to take these sales and tuck some away for a Monday morning rise.

----Massive turnover since the start of Feb-----around 100 mill shares have been traded, and shuffled into new hands----maybe at least 40- 60 mill have been bought, --- this is not PI money, this is serious investment decisions.

-The whole proposal now looks like it has been put before the GOB, and the fact that it is being openly talked about in the Bangla press, can only mean one thing--- with no other options--The Gob are looking to OP Phulbari.

-With all the buying that has taken place over the last 6 weeks, the pool of free shares has shrunk significantly, and a scramble for stock is going to create one hell of a run in the SP.

-

---Next stop the GL ??

-

-follow the money.

-----"GCM has submitted a full feasibility study on the

mine development to the government."

-

-This is the most positive news we have had in over 10 years.

That makes a lot of sense Adamk..... Certainly feels like a lot of churning of holdings has taken place.

. I'd place money that of the 30 mill sold to Clean Capital, at least 25 ml of them were turned back out into other hands at 2....2.2p., and since then, the turnover has been relentless.

. Certainly a bit of profit taking as we hit the 100% increase mark, but there is a solid buyer (s) that has been there all through Feb and now we'll into March..

. If he's not finished, then we won't be told... But they old saying has never been more relevant.

... FOLLOW THE MONEY.

And at long last we seem to be getting the full strength of the IEPMP report...

. When the draft was around back in june/July last year, all we were hearing was about renewables and gas.

.. Looking at what is now being said in the final report,.. yes they still talk renewables and gas... but being slowly integrated over the next 20..30 years.

. The main block of power generation is going to be coal, and not imported coal either... Home produced coal using state of the art techknowlogy, slowly being integrated with renewables... Its a perfect timetable to use the resource at Phulbari, and then hope that renewables can take up the strain, as the coal runs out.

. Surely this is going to fly now.

Some great traction building here now and it's starting to get the bit between it's teeth... There doesn't seem to be any reason for the sentiment to change, and as soon as conformation that the NED and CHAIR has been finalised, we should take a solid next step up.

. Remember all the buying that went on for the whole of Feb, as 25 mil shares changed hands around the 210 level.... Well I think there is still a buyer tucking away an ever increasing holding.

.

. Follow the money

Thanks for that Pappi..... Then energy minister formed a focus group that came to the conclusion that Phulbari was the only answer, and that group will have now reported that directly to Hasina.

... BUY

That's a very level headed report, on what was obviously a very in depth, busy, day, --so thank you Searcher.

-Without getting over excited, you have kept the rose tinted glasses in the case, and not got carried away, but have still managed to convey the overwhelmingly positive feeling being given out at the meeting.

-All the questions were asked, and replied to as best they could, or was prudent to do, and even though the obvious " when will we present" could not be answered, the reply given was good enough, ---made sense,---and was still very positive.

-The main point for me was the energy meeting that Gary talked about, which occurred on Thursday.---.

-In all the time I have been invested here, all we ever got was a comment or report from some junior minister or the other,.--Never was anything directly attributed to Hasina herself----but this could be different.

-Now we hear, that probably for the very first time, she has attended a meeting about "future energy needs" and not left it to her ministers, and it's an absolute certainty that Phulbari would have been discussed.

-No matter how "secret" they may have tried to keep that meeting, it will leak out, and the trading volumes should give us a good idea of what has been agreed.

-With everything coming together in a perfect storm for Bangladesh, it really does feel that it is now or never.----

-Lets hope that after all these years, and with a complete new term of government in front of her, that Hasina will finally bite the bullet, and do a U Turn.

-All eyes on the Bangla press, ---and watch the trading for any sign of Asian buying.

-GLA

Yes MUD about time Searcher pulled his finger out... Lol

Hi GUN... its in the fund raise rns

Sadly not MUD, please if you or anyone else who's going, ask them for us all.

And one other question

5) __ if they could generate buyers of 25...30 mill shares over three weeks...... Why have they stopped generating them now.??

On the 2nd of Feb the Co raised £500/- by the issue of 30, 300, 000 shares , which they sold to Clean Capital Management @1.65p--

--That gave the Co an enlarged Share Capital of 237.8 mill shares in issue.----=-CCM therefore had 13.7% of the co.

-Since the 2nd of Feb, up until Fri 24 th, we have seen huge two way turnover totalling over 50 mill, and it appears we have had a seller of about 25-30 mill share @ about 2p----This looks like CCM.

-------If it was not CCM , who else could have sold that amount.?

--Buyers have been generated to take all of this stock at between 205 and 220 over a three week period.

-Now lets look at the Co web site---

---It shows the enlarged Shares in issue @237 mill

---But it only gives Large Shareholders up until 2nd Feb (Polo and Diani)---no mention of CCM who held 13.7% after the fund raise.

---If, as I suspect, CCM have sold down their holding, --they may now only have 5 mill shares or maybe even zero.

 

-But lets go back to the buying.

---Somebody was out, beating the drum, and has generated buying to the tune of 25--30 mill shares over a three week period.

-------HOW    ?????

--What story was being given to these buyers to get that sort reaction ??----and who was spreading it.

-Now, don't get confused and think-- "this is standard placing action "---because it is not.----The placing was done @1.65p----those shares were maybe then sold back into the mkt @2p

-and all the buying of 25--30 shares has been done at the full ask of anywhere between 205 and 220-----not a placing at a discount---but buyers at the full ask.

-

-So let's be clear---All the buying (25--30 mill)  has now stopped, just as the selling totalled around 25-30 mill ---this is not a co-incidence

-

-So now, here are some questions that need to be asked at the AGM

-

-1) --why have we had NO Holdings RNS to say that CCM held 30 mill shares (12.7% of CO )

-2) --Why have we had no Holdings RNS to say that CCM have disposed of their holding.

-3) --Who generated the 25--30 mill buyers---was it our broker

-4) --What was the story that they have used to generate all this buying.

-5) --If it was our broker (or the Co itself), why didn't they do that in the first place, in order to raise the £500/- as this would have only needed the issuing of about 23 mill shares and cut down on the dilution.

-

-Question (4) is the one i would really like the answer to.

-

-

In the run up to us being suspended, , Afa openly admitted he (his boss) was running a short...

.. With a week to go he struggled to get sellers and couldn't cover their position, in the end they were forced to go round the mkt trying to get stock.... And it didn't work.

.. They were caught short and have been locked out ever since.

. Now as we get near to a requoted, they are out in force again, trying to unsettle holders, and weaken any strong opening.

. Don't forget this.

, Don't get swayed

. They are just traders (or their boss is)

.

. The A B C... of shorters

Well looks like the rump 4 mill is with the mmks, and we have a bit of "pass the parcel" on a Fri afternoon.

. Buyers taking it bit by bit, and mmks happy 5o take a small turn, Nd pass it on to the next one.

... What a great day..... Look at all the interest... 25..30 mill shares been placed., there must be a hell of a good story doing the rounds...

...AGM.will sort out the NEDS, (, or at least put our minds at rest),.. No way back down now.... If you've missed the 2..210....then you'll just have to pay up..

..