Member Info for redeyemines

Be careful what you wish for YKIR,. Last time anyone tried ot oust Tang, he de_listed the Co.

... Ask POLO shareholders

At some stage, this will find a level....

... Don't be too clever trying to find the bottom

It's a rolling short.... Open it up in the morning, and force sp down.. Generate distressed sellers and use them to close the short throughout the day..... Repeat tomorrow.

... But at some stage this will find a level.... Don't be too clever trying to find the bottom

Goon----at some stage Char will announce they have a RIG and are getting ready to drill----that will be the "buy" signal---but not before.

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-As for GCM--- xxxxxx

Got to hand it to them, whoever started this rolling short has done a terrific job-----got pi's by the throat, with no intervention from II's.

"Sh@t or bust on the drill"...

... That's it in a nutshell Gooner.

. You can forget the offshore for a while now,.. Maybe drill that well later this year, then FID, and finally start development and then into production... how long will that take?.. I don't know, but I had a look at thier Karish project, and it was 6 years from getting involved up to first gas... Maybe not comparing apples with apples, but close enough to make me cautious about putting a time scale on the offshore.

. So we are back to exploration drilling onshore, as our closes revenue.... Drill Q1??, words are cheap, let's see the drilling start, then all the other things before we produce and sell first gas.

. That drill needs to find good commercial gas straight off.

Unfortunately SMTM you are of course dead right.

-There must be deals already in operation that are keeping various people in luxury, and we will need to offer a huge incentive to be able to turn things in our favour.

-One of the biggest hurdles, must be that we are still regarded as a "foreigner" trying to steal the crown jewels, and of course, i suppose we are.-------

-Would it be different if GoB owned the licence and not GCM--you bet it would---and i'm sure that if that had been the case, then the deposit would have been dug up years ago.

-So how can the Gov change things ?

--By getting hold of the licence, or at least a huge % of it----so here's a suggestion.

-It looks like we have another placing heading our way, ---anything from say £500/- to £3 mill.

-So instead of just giving it to unnamed II's, how about giving the whole issue of new stock to GoB.

--A fund raise of say £2 mill @2p could give the GoB 100mill shares, or about 33% of GCM.

that really would be a substantial stake for next to nothing, and would put us all on the same page.

-I did suggest this to the Co, but as usual, I got no reply.

I think that everyone misses the point when they start talking about how dirty coal is.

-Bangla are using coal right now to fire their existing power plants.--

--If they now stop using imported coal, and start using their "own coal", this is not a "new use" or even an increased use.---It is just using coal from a different source.------In fact the coal from Phulbari is of a much better quality than the carp being imported from the likes of Indonesia, with a much higher calorific content.---So not only is it less polluting, but they would probably burn less of it for the same effect.

-So LESS coal used, LESS pollution, and LESS FX drain

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-It's win, win, win

12, 000 MW would be almost impossible for solar power----how much land would that involve.

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-But don't like the sound of it

Must have been a few others that levered their position in the same way, and this SP drop would have put the same pressure on them as well, ----so very likely we had multiple distressed sellers.----but looks like thats maybe all finished now-----time to buy ??

Ianfer--some good research here by you, it makes a lot of sense, and goes a long way to explain the SP drop.

---Much appreciated.

Cd27.... With the length of time since the last RNS, there is clearly something going on.

. It TRAM had pulled out, I'm sure the Co would have been forced to inform the mkt.

.. Think we will just have to sit and wait.

-------Unless power china buy out GCM---

-Hasina needs that licence back under Bangla ownership, or at least not owned by GCM, as the locals have always resisted "foreigners".

---With it's involvement in projects across the country, China has been accepted as "part of Bangla", and a JV between Power China and GOB would be easily sold to the people without a fight.

Yes great work Searcher, some good finds.----As you say MUD, being talked about all the time now, and not just "own coal " in general, but specifically Open Pit at Phulbari.

----But the best bit of the lot, is that it is not being contradicted by Hasina.

-She was in the area last week, addressing a rally. If she was ever going to say "no open pit mining, your farm land will not be mined"----then was the time to say it---but she didn't.

-Her silence is the most positive thing ive read.

-Happy new year all.

-Next year we could all be ---- ect ect

Can't hear you....... Lol

Yes searcher, suspended over what could be the most important announcement in the company's history.

-If its bad, you wont be able to get out,

-and if its good then you wont be able to get in

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something is not right here---not right at all---where is all this buying coming from now ???

Suspended "next week"----you couldn't make it up.

---I'm speechless

Just a bit of pure speculation and guess work here on my part.---

---Maybe there is a bit more going on than just the transfer of that remaining £300/- from the loan facility.

----Are we re-arranging the conversion terms of the last part of that facility,---- or could we be negotiating a totally fresh loan facility, of say, another £2-3 million.(that will give us long term financial stability).

-Just guessing.

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Papp/Sear-----the talk of a development zone, made years ago, still holds true today and for one good reason-----natural resources.----and i'm not talking coal.

-----------There is an interesting component to the proposed mine which is often missed, and that is the overburden includes extremely large quantities of: construction sand, Kaolin, aggregates, clay, silica sand, as well as construction rocks such as Granite, sandstone and Tillite. The total of these materials is in the billions of tonnes. The availability of these materials is expected to spawn new industries in the area, including pottery, bricks, construction, ceramics and glass. Once established there is no reason why these industries could not continue as these resources are not at the depths of the coal, and therefore would be easy to continue to extract.

----Phulbari has so much more to offer the region and Bangladesh, other than just the coal. .and these other benefits will continue long after the coal is gone

Yes HTE, --- that has been the tactic over the last years, to just form another committee and just kick things into the long grass.---but those tactics have now come back to bite them --hard.

-Lack of action and disjointed polices, have brought the country to its knees...but.. do you really expect them to admit to these mistakes with an election just 12 days away---of course not.

----So for now they try to paper over the gaping cracks by deflecting the conversation with talk of committees to sort things out in the future----in truth , what else can they say at this stage, with this election coming, they certainly can't admit they have been wrong all these years----not this side of the election anyway.

--Stay calm and carry on, is all they can do right now,... but the press will not allow this to all be swept under the carpet, no matter how hard the GOB tries to shrug it off.--Ignore the comments of people like Majed Ali, who are being used to try and put a gloss on things, ----you can feel the growing sense of panic underneath, and the realisation that they have made a complete mess of everything.

-There will be no time for further committees after the election---their bank balance will force them into immediate action as soon as it is over.

--The long grass has been cut down, and there is no nowhere to hide, they Must mine Phulbari and save $2 billion a year in imports, --it is their only get out card now.