Member Info for redeyemines

This looks like a move which will force the settlement of this outstanding 16.6 million dlr debt, and let the whole ball start rolling.

...with oml18 producing 32000 bod , Eroton will surely now settle this issue...

..What is also does is vindicates Sle ,s position that it was never our debt, .

..There was never any contract between BW and SLE, as the debt was always between Eroton and Bw (and eli), and at last it looks like this will force Eroton's hand, and finally put this to bed.

.Will be interesting to see if Sle make any sort of statement...especially as to what happens next.

.Could this be the cork out of the bottle now.

"This is a key hurdle: if TRAM cannot prove it has the assets to be frozen, the order—and San Leon's potential recovery—may be worth very little."

.

...couldn't help yourself, could you BS...The mask has slipped again, and you're back to your snidey little comments.

.I really don't want to engage with you, but I will just this once.

.If you think that Oisin Fanning, has gone all the way along this route, without FIRST making sure that Tram were not just a hollow shell, with no assets that can be recovered, then I have to question your sanity.

.

..In my experience OF has always been lightyears ahead in everything to do with SLE. ...once you realise that you , would never make comments like that again.

Oisin Fannin's oil exploration company has secured a court judgement against a Canadian firm that did not deliver on a $50 mill investment last year.

San Leon has been pursuing tri Asset Man, its former chief investment officer Asad Ali, and his father , Ahmad Shan Ali, after two proposed investments fell through.

----A plan to invest $187 mill fell apart in 2023, while a plan in 2024 to swap £50 mill worth of shares in Palantir, the US software company, also collapsed.

Last march SLE initiated High Court proceedings seeking to force TRI to hand over the 419,000 shares in Palantir.

The case will be heard again in March when the precise value of the judgement is determined.

Irish Sunday Times today.

-I cannot get a link to this, so I will just post this outcome.

-

-San leon have secured a judgement against Tri Ass Man and the father and son sad Ali and Ahmad Shan Ali.

-This is in relation to the failed deal of $187 mill in 2023, and the share swap, in 2024 ,of $50 mill worth of shares from Palentir and SLE.

-Last March a court ordered TRI to hand over 419,000 shares in Palantir---- which TrI have so far failed to do.

-Neither of the defendants were at court or represented, and a judgement to establish the value of SLE's claim will be heard in March.

Searcher you are 100% correct.

..you cannot dig a deep opm , from scratch, in that tiny mine foot print...... it is almost physically impossible .

..Add to that , the economics of digging a huge deep hole, for such a small resource,... makes it a none starter.

..Call it what you like.... Phulbari or Bara South, this mine will start where it is most profitable, and where it can be sustained.....and that is on the shallower, thicker seamed coal at phulbari.

.Phulbari is not the "dirty word" it was 20 years ago.

OPM and Phulbari were openly talked about by Bnp before the election, and the people voted for them.

....The locals are in favour of the.mine and all the personnel benefits it brings them, there is no.local opposition to the mine.

There have been quite a few posts about the different merits of both Bara and Phulbari, but I think we should look at the bigger picture.-The whole of Bara/Phulbari is one continuous coal seem---

--

--so how will it be mined.-

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-It would make absolutely no sense to have one operator working, on say, Phulbari for thirty odd years and then, as the coal runs out,  hand over to a new operator to continue into Bara.-----------------This whole seem will be mined by one operator, ---that is just plain and economic sense.-

-So where to start.----- and here is the problem.--

-

The mine footprint at Bara is too small to house all the mining infrastructure/ overburden ect---so where will it go?-

---If phulbari and Bara were separate operations, then there is no reason for Phulbari to allow Bara to use its land for working / storage ect------why would they?-

-These two parts of the same seem, can only be mined as one joint venture, with both Bara and Phulbari working hand in hand, and treating the whole deposit as one mine.-

-

-So what does that mean for GCM.--

I know i keep on saying this, ---but it really does make sense.--The mine must be a JV between Phulbari/PC/ and Bara--------------- quite obvious really.-

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--But there's more.

-The Gov have said that they want energy cos to be "quoted" cos in Bangla, so as to keep transparency and stop future corruption.-----very commendable.-

-Petrobangla are the owners of the Bara site, and they are a Gov body. So what better than to form the Gcm/ PC/ Bara jv, and put it all under the Petrobangla banner,-- (say a sub like Coalbangla),-- and float that on their stock mkts.-

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-Working out the % parts should be straight forward, but they need base line figs to start with, --and all GCM have , is their Mkt Cap----------------- is that fig being held steady (no rise in SP), while this plan is being put together.??-

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-A nice cheap (undervalued) float on their exchange, would give the people of Bangla a golden chance to participate in "their" mine and make money.----a win win all round.-

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--That's a big picture that looks good to me------ let's wait and see.

Pitstok, that has been my train of thought over the wording "Bara south"....

.there is no bara south...it is Phulbari, ....and phulbari North is Bara.

.now why do you think they put Bara as the head and not Phulbari as should be the case.

BARA IS A FRACTION OF THE SIZE OF PHULBARI.

.and the recoverable reserves are really all at Phulbari, so why call it Bara south.

...is it all to do with Petrobangla.

..I've said this before but I'll repeat it.

..are bara and phulbari going to be classed as one mine under the umbrella of Petrobangla and floated on their exchange.

.

(.maybe this is why the sp is being held while the numbers are being sorted , but that is just another guess)

SP control---------------bloody predictive text.

Wow...look at all those bgns going through. (not).

...This speech control is killing all the interest again, just like it did at 6p.

With Peel dominating things and sitting on the bid and offer (8.60..8.90) none of the other mm are getting a look in.......I bet they are not even making enough to buy pencils to twiddle with. And remember we have 2 extra mouths to feed as well now.

...They will have to release the sp, or move it around to generate some turnover soon.

Same time of day as Mondays large trades.... I was expecting the same yesterday, but it didnt happen.

..I still think this is coming from America.

Ok thanks dose....no prob

Where are you seeing these volumes dose

Why don't you play a different record phulbari....it's people like you who have stifled developments over the years, and dragged the country into the mess they are in today.

Let's see if we get the same sort of trading as we had yesterday....a big 2 hour lull in reported trading , and then towards the close, some late reported lumps..

......just a hunch.

Just a real "shot in the dark " here, but are we seeing a bit of buying coming from across the pond.?

-Lets see if we get some more lumps changing hands when the Yanks wake up.

Its always difficult to try and add the numbers together, as any placing unwinds.

Buys show as sales (and vici versa), trades are delayed and reported out of sequence, and the picture is deliberately clouded, so as to make the real totals hard to get to.-------- but one thing is certain-----------we must be very close to clearing this overhang, ----

---How close ??

-that is the $64, 0000 question, but it has to be almost done -----but here's the bit that is now standing out.

---That tight sp spread tells you that we have found the level, ----larger lumps changed hands yesterday within that spread, and we are here again today.----so where to now.

-Like moist plcings, you never know that its all done until you look back and realise, ---"that was finished X days ago"----and i'm sure this will be the case now.

-One thing i'm certain of, is that we have found the bottom and the next move will be a gentle climb up, before people gain the confidence to jump back in, and put the sp back to somewhere near where it should be.

-

-Time to buy ?------Definitely

We are all talking privately and you are being left out ------Lol

Let's hope that he gets the job then....We couldn't ask for anyone better..

..His appointment will nail on the GL for us

Jamess you are asking all the question I have been privately raising with others over the last year..

.. the sp seemed to be held rock solid around the 6p level for months and months (5..8. Range, but always coming back to 6p)...

..now when we feel that we should be maybe 20p plus, we get hit with 2 placing and the sp goes nowhere..

.unless it is somehow tied in with Polo and it's struggles to revive the convertible loan, or in forming a base for some kind of merger, then at the moment I really have no answer.

.

.and at this, post election ,stage, I do not buy the argument of keeping the sp from running away so it doesn't upset the locals.

That has to be one of the worse, I'll informed posts I've ever read...