Member Info for redeyemines

Flowkey41--------it's up over 100% from where you TOLD every one to sell---------------best you show your face on the BB.---eh

You are needed on the GCM bb

---Whether this project comes off or not remains to be seen.
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-But you have to feel for any SH that were persuaded to sell at 5p by a certain poster, who was adamant that "5p was your last chance to get out", and "that it would never happen".
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-You know who you were.
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-The SP is now 100% up------------------any chance you will apologize ?????.

With the world in disarray coal is on the march again, and its up 10% ish this morning at $262.50--------(-i'm sure you knew that.).
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--Where on the earth does this leave Bangl----------Gas Oil and Coal all soaring and totally unpredictable, --Nobody can plan future energy projects using these commodities, as the financial models will be obsolete before the ink is dry on the paper.
-Renewables offer a more stable outlook but are still expensive, and their production is unreliable.
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-So where is the middle ground.
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-It has to be --"in house".------Where fuel supplies are NOT subject to World fluctuations in price and availability.
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-A scheme where Bangl uses their own coal to make their own Electricity, and which does not have to supply the coal, at the Mkt rate---------
-----the whole project would depend on what price the electricity is sold for, and not on fuel or production cost.
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-The Tail really could wag the Dog.
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-The coal could be mined and used at the equivalent of say $100-$150, turned "in house" into Electricity, which could then be sold relatively cheaply, to the population.

-So long as the unit price of the final product (the Elect) is set right---then everybody makes a good return (the lease holder, the miner, and the power generator ), and the country gets a reliable, steady, and cheap supply of power for at least a whole generation.
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-Surely we are pushing this sort of proposal to the GOB ??
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-You may think that we (GCM) are selling ourselves short-but would we be ?
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-!8 months ago coal was $50 and we would have been happy to mine and sell it at that.
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-Now we are in a position to offer the GOB almost Half Price coal and guarantee energy supplies for the next 30-45 years.----------A real tempting carrot that any other country would bite your arm off for
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-We don't have to be greedy to make a fantastic living, and give Bangla what it needs at the same time.
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-Come on GCM ---PUSH

See coal has jumped 10% this morning----------- now $262.50

that 7.2g/t has come a bit out of the blue.
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-other results started at 0.5 g/t and ranged up to 0.64 and 0.68 g/t-----------with a hoped for overall return of 2.1 g/t.
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-I'll have a read back--but it sounds out of place to me.

Mapping and rock chip sampling; which has returned gold grades of up to 7.2g/t
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-7.2 g/t---that's not to be sniffed at-----------------hope the new samples can return the same sort of values.

---!" I suspect that the company is already in discussions with elements of the Bangladesh government to that end and has been since late January."
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-that's an interesting comment Papp, and certainly ties in with the buying we have seen from mid to late Jan.-------------The timing of the trades always made me think that the orders were coming from the far east-----------------let's see.
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-We should be about due for some news on funding soon (today ??), and i'm hoping for more than just a common placing.---Will we get a new investor ??

Well done Nord, your charts were spot on.

Yes we are.... Let's hope its more than just a placing to ii, s.

Watch the trades

Yup

Morning Black Swan----nice to get a post from you that's not looking at a half empty glass for a change. (Iv'e even ticked you up---that's a first)
-I'll take it at face value and believe that it is genuinely a positive post. Please don't spoil it by coming back later with a sting in the tail post .
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-ATB

This is just a guess.
Maybe, just maybe we are indeed going to get a new investor, and could that be from China... Power China???
.. Its something that makes sense to me as it would give them the larger slice of the pie that they have been saying they are after, and then maybe they will sign into the JV and let us present our package to the GOB.
.. I've not picked up any whispers on this, but something is starting to stand out, and it's pointing to the far East.
.. The buying that we have seen everyday now for the past two weeks.... Its all come very early in the trading day.
. Are these orders coming across from the fe overnight and then being worked on for the first few hours of our day.
. Watch the trading.

With all that's been posted on the bb over the last couple of days, it's easy for the real message to have been overlooked.
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... In the very near future (hopefully before these RTO negotiations are concluded). The pipeline will be completed and hooked up to our fso.
. From then on, all of our oil will go straight out through this pipe and onto our fso.... No more leaky pipes and down time.... Our daily production should rise dramatically and be consistent....
. All that oil will be offloaded by Shell, and they will pay us directly... No more waiting for Nnpc, just quick, guaranteed revenue.
.. Then of course there's the matter of sle interest in Eli, and the income that will come straight to SLE for every barrel of oil that goes through that pipe.
.. All this will happen in the very near future, and will totally transform SLE.

And here, s my last post to you BS.
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. All of our oil will now go through our own pipeline, and be off loaded from the fso by Shell.
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. Shell will then pay us directly....... That is the whole point.
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. The ball game has completely changed......
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. Do try and keep up, instead of looking at your half empty glass.
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. Are you really a shareholder here?????

Black swan, thank you for at last making your point.-----You worry (and worry and worry and----) that Decklar will not be able to repay the loan notes-----and you do this purely to help guide other investors.
-Very commendable.
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--Now lets look at these loan notes and see what it means to SLE --"IF" they ever did miss a payment.
-$4.75 million @10%--means $475/- a year, and maybe the same again if the capital repayment was also missed----so about $1.5 mill a year.
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-$1.5 mill a year ----and you fret and post, and fret and post.
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-but yesterday we had an RNS about receiving back unpaid royalties, and not a word from you.
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-Euros 5.7 mill received, and court cost to be added, ---plus ongoing royalties to be paid monthly, forever.
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-That's about $5.7 mill coming to SLE and not a word from you----why not.
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-Answers on a postcard please.

What are you babbling about now, you really haven't got a clue have you.

Thats about the same depth as Phulbari, and ****stan haven't hesitated .---They will use it, and it will be an open pit mine for sure-----------Come on Bangla, it's no good just left in the ground.

MMMmmm