Member Info for redeyemines

Black swan----please stop being a drama queen--just look at the bigger picture for once eh.

Think we should stick with this from 24th Dec for the time being.
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-"Further to the Company's announcement on 29 November 2021, the Company currently expects to publish an AIM admission document (the "Admission Document") in respect of the Potential Transaction by the end of February 2022, following which point the Company will seek the restoration of trading of the Company's ordinary shares on AIM."

36800----Tomorrow ???------------i thought we were looking around the end of Feb(ish)

Well apart from repeating the entire announcement, what was the point of your posts.
.. Do you think that be filling the bb with umpteen posts it somehow makes you look like you have a valid point.
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.. It seems obvious that SLE can't be bothered with Decklar at this junction. They are doing the bare minimum as agreed, and maybe even then they will not complete the last 2 mill dlls and reduce their interest pro rata....
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. Maybe BS, San Leon have far bigger plans now than when they first got involved with Deck, and the Oza field just doesn't fit into those plans.
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. I see nothing to get excited about, and certainly don't see the point of all your posts

Well even with the great results from Decklar, it seems SLE may have bigger fish to fry, so they've dropped the option for further investment... Makes a lot of sense with what's in the pipeline.

Great Post again Jimmy... Many thanks for this excellent research...... Did you have any thoughts on that huge seismic show, going very deep from the O sands to the left of An 1 well?... It looked good to me, but I'm no expert.. Have I misread the picture.

its all about these first wells coming on stream ASAP, which to me, now looks like 2025/26.--------sometimes you just have to except that-----------things take time.
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-It may sound like I'm trying to talk things down, but really, I'm not-----------------I'm just trying to let people see the picture without any rosy glasses on.
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-No bad news------but as things stand---it's just taking longer to get there.
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-Of course any number of things can happen in the meantime, and Char can come out with a million different things to change today's picture ----farm outs---JV---even a direct sale of the license-or even a full take over-----are all easily possible--------------but i'm just commenting on today's picture, as given by the webcast.
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-I'm sure others are seeing this, and hence we have the drifting SP, as our prize moves just a little further away.
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-Plenty could (and probably will) happen, in the next few years, to cause some big spikes in the SP , and the long term trend must be upwards, ---but expect a few dull periods of no news and stagnating and drifting share price.
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-Buy and hold-on the dips.

-GLA

I had a good close listen as today's pod cast was going on, because like most other shareholders, I was hoping to hear something we did not already know, that would set the SP alight, and break it out of this current range.
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-There it was,---- layer after layer of good gas bearing sands stacked one on top of another, and the volume of our reserves just getting larger and larger-----great.
-Then a glance around the near drill site, showed even more prospects---especially, (to my untrained eye), the deep O sands to the left of An 1 well------which was skipped over a little in the presentation, but looked huge to me.
The rest of the license block (and the licenses we are hoping to sign for), again looked stuffed full of high cos prospects----------what more could we want.
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-Well there was more-----$1 bill potential each of for two of our other ventures-----fantastic.
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--So where to start ?-------------and here comes the kicker.
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-It was said a couple of times in that presentation, that other exploration will wait until after we have got our production from these first discoveries, up and running------------EVERTHING was geared to getting these opening wells into super quick production, and that should generate cash which would then allow us to try for further projects and prospects.
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-Great, fantastic, the quicker the better--------except it's not.
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-If you listened right through to the end today----just about the last five mins----there came that quick bit of muttering that always seems to come at the end of good news.
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-First production should be at the end of 2024 going in to 2025---------"is our aggressive best guess".............. (or words similar to that------it's not on the replay)----"we need everything to work out perfectly for this to happen"
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-well in my experience, life never does work out perfectly, and it will always be trying to kick you where it hurts--------------so lets be realistic,--- anything could happen over the next three years so maybe we should give Char a bit of wriggle room and add 6--12 months on to this first production date.-----That will leave us looking at 2025--2026 before first gas (do that and then you will not be disappointed when the normal problems pop up), and that means at least end of 26 before we earn a full years income.
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-Now we look to pay back our Capex and interest----Jimmy's guess is two years---mine is three------either way that's 2028/29, before we finally have "spare cash"---so i'm not looking for any kind of a Divi before then.
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-Also that restricts us from ploughing into our other two good ventures, as unless we borrow even more cash, we will not have money to finance them, and they could be left on the back burner, until we are producing gas and earning money.
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-I can't see either of those two ventures sitting still that long, so i'm expecting others to be putting up the cash, by way of JV's, to get them going.-----but that's not our immediate priority acco

Think they brought James Hobson back on board, as a Non Ex director, to get the numbers up and keep our new Nomad happy... Surely they will have to fill that space at some stage (I did volunteer.).
... I did suggest, to the Co, that maybe it makes sense to raise funds by offering stock to PC rather than random UK ii s, but the response I got didn't sound like they were going along that route.
... Whatever they do, I hope its more imaginative than a bog standard placing

Yes TMF I too would like to see the extra funding coming from China.. More specifically I would like it to come from Power China...
.. By issuing them 25...35 mill shares @3/4P we would raise a much needed £1 MILL, but more importantly PC would gain around another 5% of the overall project...
.. This could go somewhere towards meeting their desire to gain a larger slice of the pie before they will sign the JV, and let us proceed to presenting the package to GOB

No howler---but just confirmation that production is three years away.

Lots of further prospects, in both wells and in the License-------plenty of gas and good flowing sands-------but still no gas until 24/25

Not the billions of barrels that Char always chased, but 250--300 mill is not to be sniffed at.----Lets hope for confirmation and some more detail next week.
-Wonder if this will come up in tomorrows Webb Cast.

You ramping again Alaric ----lol----
-With Mart Western being one of the original JV partners in ELI, i wonder how much of it they actually own and how much is going to be transferred to SLE as part of this RTO. (I did try asking both SLE and MW, but of course I didn't get the numbers).
-Apart from the oil through put, and resulting sales that will generate the cash for Ereton, the handling fee of about $5 on every barrel of oil that passes through the pipeline, (whether it comes from Ereton or others), will be "money for nothing", and SLE will be taking a huge chunk (if not all ???) of it.
-Lots of things need answering before we can get too excited, so i'm waiting for the details before I open the Champagne.-------I can foresee a few shortish term problems in the first couple of years, but if SLE (Oisin Fanning) has been as smart as I think he is, then the answers should all be there in the first RNS.
-Lets wait and see.
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-GLA

Bloody hell, here, s a rave from the grave SEARCHER...... Thout you were dead, or just hiding?
... Wonder indeed how they will raise money this time round...... Surely can't be just a bog standard placing.
.. They would have to issue 25 mill share just to raise £1mill, and that's if they could get it done at 4p
..There is a possibility that crossed my mind.
Power China have stated that they want a larger slice of the pie.... And we need to raise money.
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. Just a thought, but maybe the company will just take a lazier option.

Looks like we may have had a biggish seller this morning.... The later big trades could be where they have managed to place the stock.. My guess is that it may be safe to go back into the water a little

Well now Sasa43, unless 43 indicates your date of birth, then it could be a close run thing as to who has the longer history on the SE..... I was there during the Posiedon days..... And you??

This was something that was always drummed into me in my past life in the Stock Exchange, and it's as true today, as it was then.
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-All the good news from Chariot regarding this drilling, was already priced into the stock price. (the Find)
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-Nothing bad was announced, but nothing new, that wasn't expected, was added either.
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-So where too now?------------------We wait.
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-Now the "mine" part is starting to sink in.
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-No production (or revenue) before end 2024 into 2025-and that's assuming no unforeseen hiccups along the way------that's a long wait for impatient shareholders, who want to see a "Blue Day" every day.
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-With profits on the table for a good few, the temptation to bank those profits and move on, has proved to be too much------------and the Mkt see this.-------------------hence the shake.
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-There will be continual loading up by those with deep pockets, and plenty of patience, as time is on their side-------------II's and PI's alike.
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-3 years is a long time in the Aims world, and many will shift funds from Char to ventures new, with a view to coming back "nearer the time"
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-So if you can afford to wait, then load up on the dips------------but remember---------news could come from Char at anytime---so don't be too cleaver trying to pick the bottom.

o

Been watching that all along-----It's like all of our planets are aligned.---Just need to open the pipe line, and watch the $'s start pumping through.