Member Info for redeyemines

Did a virtual knock (em), ---no reply-------maybe they have all scarpered.

Some interesting stuff there BS.

The over blown energy sector took a big hit yesterday as Matrix420 has pointed out, and char are coming down in line with the rest.
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-Char's prospects, with its Gas, Oil and renewable projects, look very strong for its future------------but not at this stage in it's life.
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-Much of it's future prospects are fully discounted in the SP as things stand.---so were to now.
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-The much awaited CPR report, has also been well signposted and most are expecting a huge increase in reserves.
-Those numbers now need to be at the top end of expectations to avoid any disappointment.
-Even then we may see a short spike that will be sold into.
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-If the numbers are middling or worse, then we will see a retrace in the SP.
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-Lots of things could happen to change the picture--------we could get JV's-T/O---------action in Nambia -ect ect----------------but as things stand at the moment-----------it is all in the price.
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-If the SP holds up in this mkt climate, then it will stand out as being overbought, and will be sold down by hedge funds covering losses in other sectors.
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-Otherwise it is time for a breather and the SP should drift back a bit.
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-Still plenty of time for buying opportunities over this next year.

I'm sure Oisin won't have missed that trick. Decklar oil is always destine to flow through our pipeline.

xx

I think we have to put the shareprice performance into some sort of context.
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---Yes we have a terrific gas find (which is getting bigger with every RNS), and our other projects should prove to be absolute money spinners-----------------In fact, things could not be any better.
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-So why is the SP falling.
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-Well its all a matter of time------------------time before any of these money streams arrive in our bank account.
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-Somewhere between 2 and 5 years, seems to cover all the guesses (i'm looking more towards 25/26 before revenue starts to flow), and that is if there are no unforeseen hiccups, but whenever the cash does start to roll, it certainly wont be this year.
-So where are we.
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-No matter how much the reserve are increased, it feels like all the expectations are now "in the price" as regards to the current SP.
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-Bigger players have taken positions earlier, or are waiting for a big drop, or more positive news, before moving in again, and PI's seem largely to have spent their cash and are now just holding positions,.
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-With the general MKT looking like it is heading into very troubled waters (inflation and interest rate rises can only mean one thing for equities), we could see a sustained period of bear mkts for the immediate future.
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-So are Char looking over bought at this stage.------ a share that was 5p not so long ago, has risen to 25p and now stands @19.5p, long before any revenue, and against a background of falling mkts.
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-If the general mkt continues to fall, Char will stand out as being "over bought" and will be used to hedge loses elsewhere.
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-There is plenty of time before Char take the next leg up, and some maybe forced sellers before that happens.
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-Buy on a find sell on a mine

Having read the RNS again, maybe I was a little over optimistic yesterday.
. It sounds like the 705/_shares going to our cfo was probably part of his original package and not a fresh acquisition as I had hoped.
.. Sorry to got so excited yesterday and I don't want to miss lead people.

Iv'e been waiting to see, when at last, the Directors move to take stock.
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-This is a very positive sign.

CEO--Keith Fulton gets shares as part salary.
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-A strong BUY signal.

Retrace today-no great surprise, but well done Nordell.

Fcw if you're going to tell stories to new investors, you could at least tell them the full story.
Ceobob was the first one to get excited about char, when they were 20p.....He told everyone to buy them, describing the whole Namibia oil adventure as "hitting the apex ball in pool and the balls will go everywhere"... Char then went all the way to 320p.....at that time it was frontier stuff, and wildcat drilling... Sadly none of the drilling (by us and others) came in, and all the dreams turned to dust..... Not ceobob fault.
. But remember they went from 20p...up to 320p...if people didn't sell, that was down to them.
. Don't blame ceobob.

Welcome back ---I always enjoyed your posts, as you were the original BULL and talked many into these for that famous run up to 3.20.----You disappeared (thought you were dead), but your comments about Rothschild had CEOBOB all over it.
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-Lets hope you get your just reward this time round.

Are you ceo Bob????

"CHAR's drop to 2p almost made me tell my better half ! "-------
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------very nearly had to come clean on this and another stock, but kept a poker face.
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-bet i'm not alone.

any body know whatever happened to CEO Bob ??

A nice little feature in your back garden. Your own personnel volcano.------Beats a rockery anyday.

yes CF73---thats how i saw it, ---.
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-Polo (and maybe Diani and Kilkenny) took some of these subscription shares-but not all.
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-Is this 3.9 mill the rump of the sub shrs ?-------are they all placed now ???
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-If Polo, Diani, and Kilkenny got all their stock from the Sub shrs----who took all the "placing shares"
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-Lots of questions---including
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-Why are GCM now openly talking about a different kind of project "potentially supplying large scale solar power, thermal power and high-energy thermal and metallurgical coal to Bangladesh's domestic markets."
-and now calling it an Energy Park-----?
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-This sounds like we may be in the later stages of finalizing our project, ready to present to the GOB , and if that is the case, then the SP will fly---regardless of whether we get the go ahead or not.
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-What price GCM sp just on presenting ???
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I see close on 4 mil shrs have traded at 5.14 at the close....
. Does anybody know the mechanism for the "subscription shares"..... Have we been seeing the company supplying the buyers with these shares?.
... Could this be the reason for all the double booking of large orders?
.. If all buying orders have been filled by the Co selling these subscription shares, then that would explain why all buys today appear as sales.... As it is the seller who is being reported.
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. I really am guessing in the dark here, and will be happy to be contradicted and put right.

After a meteoric rise all week, the price of gas has had a major correction today.
.. It is down 30%..156 dlrs... Down to 355 again.
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. These swings should make no difference to Char in the long run,.... But maybe that's why we have come down a bit today.

Yes I'll second that Kingb.... With 3 years before first production, there will be plenty of trading and minor corrections on the way up.
.. Plenty of trading peaks and troughs, that will be predicted on many charts.
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... Keep it up Nor....