Member Info for redeyemines

---Right, lets try and see what is really there today.

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-ELi needed cash to settle its outstanding bills, and conclude the pipe line----SLE are now providing that cash, ---both short term and then long term.

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------SLE are charging ELI 17% on the short term loan and are borrowing this money from TOSCA @10% -----great bit of business.

----In addition SLE will provide a total of up to $59 mill ---$42 mill with a coupon of 17% and $17 mill with a coupon of 14%------again great business for SLE.

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-SLE will finish up with 46% of ELI-------GREAT.

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----SLE are in the end game of sorting alternative funding of at least $50 mill (maybe more ???)-----This should be done by the end of Augst----and TOSCA should be re-paid no later than 7th Sept------GREAT.

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-So all of the hold ups with the ELI pipe line are now sorted and the work can be completed.

-Huge new finance almost completed, which will allow SLE to pay all its creditors and get the ACOS operational.

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-I don't know what the ABC have been reading, and to be honest i don't really care---but they dont seem to be reading this RNS---or they are looking for bad things, that just aren't there.

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-This is a great RNS-----read it again.

Are they finally waking up to the reality of imports.... They can't afford them..

. They should read these boards, we have been telling them that for ages.

This must be the closes we have ever got to getting the Go B... Talking about mining phulbari.

.. The other deposit at Dighapour would just be another underground mine and would be small beer compared to the country's needs.

. So they must be talking Phulbari.

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. If its not just another mis quote or bad translation, then this could be really positive..

GLA

This just like the. "never ending story"... "JUST CALL MY NAME" ... Say Phulbari... Lol

Produce your own fuel--

--save on your carbon footprint, by not transporting your coal needs from half way round the world

--gain energy security, by not being held to ransom by world events, and fluctuating prices.

--and save your balance of payments, by not having to pay out for imports.

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-Remember, -----you will be using coal for your plants, no matter where it comes from----so use your own, better quality coal, rather than importing rubbish from places like Indonesia.

No wonder nobody speaks up against Shk Hasina...

Just say phulbari

I asked you that question, because i knew the response you would get.

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-Over the years I have tried to engaged the company in some sort of dialog, but have failed.

-In the days of James Hobson, things were different, and although he never gave me any "insider information " at least you could have a flowing constructive conversation with him.....but not nowadays.

-Any direct questions just get met with Silence (or at east to me anyway), and I wanted to see if you or anybody else had got a better response.

Gooner, have you every asked the company what their strategy is... What it is that they are trying to achieve with this total silence?

Thanks

I've forgotten how big a footprint this mine site has (hectares), does anyone know off hand please .

Paying 100 mill to try and pay some of the outstanding import bills... Is just a waste of money... It solves nothing..

... Pay that money to Gcm, take the lease back, and produce your own coal.... Surely that has to be the way forward.

Wonder who took all the stock,---could it be our potential new JV partner.-----Still sorting out the terms of farming into Anch, but putting up the cash for the extension to the field---would make sense.

Maybe thi is an extension of the e isting field and they just couldn't say no.

. Onshore would produce much quicker than offshore.

. We need more details.

----If a JV was almost done, then you would think that the other party would snap up the whole of this issue.

-Chariot's famous DATA ROOM seems to be like a Worm Hole----people go in , and are never seen again.

-Suddenly we are off on ventures anew (again)----wonder if we will need more cash for our other two side lines.

-One things for sure, their timeline is slipping, and the prospect of first production by 24/25 looks like it could be fading into the distance.

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-Really don't know why they stuck their neck out with those predictions, -----life will always find a way to scupper you, or at least slow you down.

-Where now with the SP if we start looking at 25/6 for first production.

Funny how some posts get removed, and yet other ongoing share bashing are allowed to stay.

. Same old.

That was such an obvious reply from Afaf... Caught with his pants down, he has cobbled together a red herring, to try and convince everyone that he isn't in a mess.

... I've always thought he was just the "mouth piece" for a much larger player... Somebody definitely shorted them, you could see the stock being sprayed around the mkt once the buyers had gone quiet, pre suspension...... Now it seems that Afa may have been running in front of his bosses order, and running a spread bet for his PA.....naughty, naughty... That won't go down well Afa.

. Anyway.... What it boils down to is that somebody has a short open and with the sock in suspension, they cannot close.

. Any good news for us, is bad news for them.

I have been saying this to the company for the past 9 months, but have had no constructive reply.

. I, and others, have em every English speaking paper in bangladesh.... We have told the story, and highlighted all the false "facts" put out by the gob,... But again no reply.

It seems nobody wants to put their head above the parapet and challenge Sk Hasina.

Article after article in the Bangla press just staighting the obvious.

. We have all been pointing out the problems that were going to be heading banglas way, not because we are any kind of financial wizards, but because it was so bloody obvious.

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.... You cannot rely on imports, when you can't afford them.

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. The difference between us and them, is that we talk about the obvious answer.... AND THEY DON'T

. What is the point of highlighting the problems all the time if you don't talk about the solution.... Its like talking to someone with a broken leg about how much its going to hurt, without telling them to go to hospital.

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. Just say Phulbari

And you won't get an answer either Alaric...

.. .. Of course there has been a short being run (not by Afa, he's just the mouth piece). And if you were watching last week from Tues onwards, they were desperately trying to close it.

... But they failed, and are stuck with it over the suspension...... Hense they are out in force, and will be over the whole suspension period.

.. God help them if we get positive news while still susp.

.. And I bet we do.