Member Info for redeyemines

Or a DCB

Technical bounce coming ??

"It would be better to develop another master plan based on domestic fuels, as these upcoming projects will burden the power division."

---Yet another "Master Plan"----like the one we have been waiting over ten years to hear.--------Meanwhile it is Import, Import, Import---except they have no FX to pay for it.

Trouble is closet trader, if its never mined then its just dirt under the rice fields..

. Compensation for our past expensed may just prove to be pie in the sky... Many are queuing up in Bangla to get paid for services and goods that have been delivered.. Gcm will be at the very back of the que.

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. Just look how the mkt values our prospects, both past costs and future coal production,.. The mkt has spoken.

If ever Shk Hasina wanted to give herself options for the future, now must be the time to try and get the licence back under Bangladeshi control.

.. Gcm has a market cap of only £3.68 million.... Surely the licence can't be worth more than £10 million as things stand.

????

Nothing goes in straight lines KB, and this rally has been overdone now----as soon as the buying stops, they will pull the plug, and we could go down a few pence.

Definitely, can't be any worse than the current shower.

£5/_ a year as a non ex direct, just not worth the hassle..... Off to ventures new no doubt.

If they pay that $3.3 billon, they will be down to about $18.5 billon in fix reserves.

-And the Taka has dropped 33% against the dollar over the last two years.

-What an absolute shambles.

Yes YKIR,---the whole world and his aunt, are being given eye watering amounts of shares, for doing nothing.

-Tang one way or the other, puts up cash in the placings, ---gets a another large slice of the co, and then takes his cash back via an absurd salary.

-Shadowy entities like Dyani, just keep getting larger and larger holdings ----for what ??

-NONE of our BOD ever "BUYS" a single share, but still manage to finish up holding huge amounts of stock.

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-The only mugs that put their hand in their pockets and keep the company afloat, --are us PI's------and what do we get in return------treated with distain and total silence.

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-This company has been carrying so much "dead wood" for so long, i'm surprised the whole BOD hasn't turned to coal.

The co keep burying their head in the sand, hoping that things will change by "tomorrow"---but it wont.

-----With an election coming up in Jan 24, Hasina will not even dare to mention the "P" word (and risk huge local protest again ) until she has firmly secured another term at the helm.---Just carry on with more of the same, and hope to find more gas somewhere in the future, is her default setting.

----Cant see anything changing here for at least 6--12 months.

----But GCM are going to be running out of cash again in the next few months, and despite our CFO (accountant ?), trying to sound confident last time round, things are just going to get tougher and tougher.

--Each raise is getting smaller and smaller, meaning they are coming frequent, and the dilution is become larger and larger as the sp level drops.

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-Will our CFO at last show some flair, and surprise us with a new initiative, or will he just go down the same old "placing" route.

----Answers on a postcard.---lol

Or typically Black Swan

The 50 loan facility is already in place, and can be drawn apon up until the end of the year... So there is no danger of SLE missing the repayment to Tosca, and forclosing on the title to Eli.

. As is well known, and stated in the last few RNS, San are pursuing an alternative loan facility at better terms elsewhere, while still keeping the 50 facility open...

. Why are people trying to make a drama out of this situation.... It has already been fully explained.

At last someone brave enough to start pointing the finger...

---- "what have you been doing for the past 10 years ??"..

--- But still, they would rather "hope" they can find gas, instead of using their proven coal.

---Serve them right if the IMF said "no" next time they come begging.

Every singke thing we do as humans, creates pollution..... The earth's temperature has gone up in direct parallel to the increase in the world's population.... Solar, wind and nuclear all have a massive hidden carbon footprint... Hydro and nuclear fission, are probably the only true green energy source, and even then Hydro (concrete dams ect) leaves a big mark.

. Top and bottom of it is, there are too many people.

"----and, if made, would entitle San Leon to up to a further 30.8 per cent. of ELI, thereby becoming the largest shareholder of ELI with approximately 46 per cent. (excluding the impact of further proposed investments in ELI as previously announced by the Company). "

----46%--(excluding the impact of further proposed investments in ELI as previously announced by the Company.

-So sounds like SLE will be well on the way to 50% and above ----(perhaps somebody can go back and find the extra)

----"Specifically, discussions with prospective alternative lenders have included larger facilities, convertible loan note facilities and the possibility of direct equity investments in San Leon. "

-----"In addition to this investment, San Leon has agreed a period of exclusivity with ELI through to the end of August 2023 to make further investments, of up to US$37.0 million, in ELI."-----

-----So SLE are looking to conclude their alternative funding before the end of Augst---GREAT.

----"These further investments, which may be made via a combination of cash and issuing new shares in San Leon, which would be on the same terms as described above, and, if made, would entitle San Leon to up to a further 30.8 per cent. of ELI, thereby becoming the largest shareholder of ELI with approximately 46 per cent. (excluding the impact of further proposed investments in ELI as previously announced by the Company). If completed in full, these further investments, which are conditional, inter alia, on San Leon completing its alternative US$50.0 million loan financing, would also give San Leon an aggregate shareholder loan to ELI of US$59.0 million, of which US$42.0 million would carry a 17 per cent. coupon and US$17 million would carry a 14 per cent. coupon. As outlined by the Company on 15 February 2022, loan repayments from ELI to the Company have, to date, been waived but interest has continued to accrue on the outstanding balance"

-----ELI was always going to be a Cash Cow that just keeps on giving, and SLE could end up with 46% of it -------couple that with the interest due to SLE----- -GREAT.

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-This is a fantastic rabbit out of O. Fanning's hat-----don't let the shorters blind you with side tracking nonsense.

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