Member Info for redeyemines

It is.... You always have to remember that on their own GCM could not dig out a rose bed.... That is why they did the two jva agreements... (PC to build the power plants and CCG to do the mining).

.. Take GCM out of the picture and replace them with GOB and the plan is the same.

This is maybe not the day to say this, as we are so excited about the trading volume and the rise in the sp, that it may be quickly over looked and forgotten, and I've said it before, so shouldn't be a new idea.

. It is election year in Bangla, and I don't think Shk Hasina will risk reigniting the thorny question of open pit mining, this side of an election.

. After the election she may well eat humble pie and do a u turn...

.... But will that be the golden solution for Bangla problems that everybody seems to think it will.

. Because at the end of the day, the coal belongs to GCM and the gob will still have to pay for it.. So how do Bangla take full advantage of what should be one of their crown jewels?.

... They must get their hands back on the lease.

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. Either through negotiation, or through compulsory purchase, Bangladesh must buy Gcm out of the lease.

...£200mill will more than compensate GCM for all their past expenses and give a profit on top, and even in the very short term, this will be a very cheap investment for Bangla.

. After the election, and with the lease in her pocket, Shk Hasina will have no problems in pushing the open pit mining scheme and convincing the population that it is all in their best interest.

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. Because it will be.

ABC

-it goes into suspension at around 15p

-While suspended ---The accounts will be sorted and filed, ---SLE will secure their alternative loan facility, ---maybe the Arbitration will be complete, and the $750 financing will be rolled out. --- Sle will fund ELI to complete the pipe, and settle its dispute with Brightwaters,--- all other debts will be paid.

-So what price on the re-quote-----one things for sure it wont be 15p or maybe not even 25p

-These look so very cheap at this price.

Was never in doubt......

The shorters cannot find the sellers and have now had to go round the mkt and pay the full offer price....

.. Lol

And there we have it ---the full ABC of the shorting team---all getting a bit desperate now as time runs out for them to close.

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-Only two days and one hour left, and all you've manage to get so far today is about 10/-

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-Think you'll have to go round the market and pay the offer price.

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-Watch out for the AT buying

Callas just stop guess and keep it short --your first answer was all I wanted to hear.

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-, -------"I haven't a notion what will happen post suspension,"

Think we have to be realistic here and expect to get our a---s kicked for the next 6 months.

--There is another fund raise heading our way at the end of this year.

--With an election in Jan Hasina is sticking her head in the sand and hoping to get another term---she will not rock the boat with major projects this side of that election.

-- The struggle to do the last placing tells everybody that there is no ii interest at this time and it is all down to PI's to try and support the SP----no chance.

-The mm's will play games with this (and make pots of money) while we wait for "proper " news.

Callas you've missed the point here----it goes into suspension at around 12.5p.

-While suspended ---The accounts will be sorted and filed, ---SLE will secure their alternative loan facility, ---maybe the Arbitration will be complete, and the $750 financing will be rolled out. --- Sle will fund ELI to complete the pipe, and settle its dispute with Brightwaters,--- all other debts will be paid.

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-So Callas ---what's your guess at the SP post suspension ?-----what price on the re-quote ??

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-One things for sure, it wont e 12.5p ---or maybe even 25.5p--- and only 3 days left to close those shorts.

-These look so very cheap at this price.

So reminiscent of all the miners from English mining towns, that have been left high and dry once the mine closes (shipbuilders the same), or any town where the population depends on one industrial employer.

-An Open Pit mine at Phulbari, would have been so very different.

-. 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.

-Plus of course a good % of the land would be returned to farming after the mining has finished. --So there would always be an alternative opportunity for employment post mining.

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-It's a Wi Win Win for the local people and for the country of Bangladesh

Always---lol

SLE are due to be sus for a while from Mon while some accounts are finalised.----I'm guess this will take about a month.

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-The threat of this sus has put the buyers off and the "shorters" have had fun, and have driven the SP down to this level.

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---Will they now try to close those shorts before the last trading day on FRI.

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-watch the buying and join them now.

India lining up to dump its polluting rubbish coal on Bangladesh, while Bangla grows rice on top of its own high quality coal.

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. You couldn't make it up

Https://thewire.in/south-asia/india-bangladesh-democracy-economy-sheikh-hasina

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-this is a damning commentary on ShK Hasina and the Aswami L.----and this bit could answer the question as to why she wont OP Phulbari .

--" the Hasina regime took a very different route in the 2010s. It struck a deal with the country’s emerging business tycoons whereby, in exchange for helping the prime minister rig elections, the oligarchs would be given access to infrastructure mega-projects and other business opportunities without oversight."

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-Was this what happened with the underground coal mine at Barkapour.?.----

---This mine has been a disaster for years, and barely produces 1500 tons a day (even when its working)...It has caused properties to collapse, land to subside, and flood, and has polluted nearby surface waterways.

-But it sits next door to Phulbari and would almost certainly be put out of business and made redundant, by a super efficient Open Pit mine on its doorstep.

-If she did do a deal to let this mine start operations, unsupervised, all those years ago---how can she now risk putting it out of business.

Just had a word with the company, and they have confirmed that the new shares were issued this morning, and the shares in issue now stands at 207 mill.

. The % share holdings given on the Webb site are now correct..... So none of our major sh took any shares in the placing, and the share holding % have therefore been diluted.

. I have no idea who has taken the new shares.

Their Webb site is quoting 207 mill shares in issue, and the now lower % holdings of our major sh... So it does look as if none of our original large shareholders have taken any new shares.

Shares in issue still showing as 187mill...so the new shares have not been added yet.

. Maybe when they are, we will see whether polo ect have taken shares and maintained their %.

Think maybe they have just been diluted with the issue of these new shares..... But it does mean that none of those existing sh took any of the stock...

Lots of people "in talks" for partners , and Char should get back a lot of their expenses from last year if these partnerships conclude.

-But if they don't, then Char has enough cash to last until Q4 23 only

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-" If partnering fails to complete, management is confident that alternate financing options are available to fund ongoing project work and overheads. In the event that neither a partnering agreement or alternative financing is concluded, the Group has sufficient cash to meet its corporate overhead until Q4 2023."

---"The proceeds of US$5 million raised from the issue of underwriting shares to Magna Capital LDA in January and March 2022, as well as the equity fundraising completed in June 2022 of US$29.5 million"

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-Char raised £34.5 mill last year (plus whatever was still in thier bank) and ast at Dec 22 they had $12 mill left.

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-What have they got NOW in end June 23