Member Info for redeyemines

Maybe--------fair bit of trading going on

Yup Alaric--------- thanks

Please LSE just leave things alone-----if it's not broke, don't try and fix it.
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-This is just rubbish

https://tradingeconomics.com/commodity/coal---------------coal is still king

Nearly 60 million shares have traded this morning --------
----A lot of the stock from the last two placings will have been fed back into the rise today, ---maybe as much as 30 mill------but that means that we have had buyers of at "least" 30 mill.
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-That sort of buying does not come from PI's------there is some serious money coming our way, and when the placing stock runs out, we will move steadily northwards.

Silvercoin----we have a fundraise coming towards the end of this month, and it is not right to post anything (pos or neg) until we see the details.
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-Depending on what comes out, I have a few positive thoughts I can post, but I will wait until later.

Whatever you feel about coal from Bangladesh, the squeeze for supplies around the world continues unabated----------coal is still king.
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-https://tradingeconomics.com/commodity/coal
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-https://www.reuters.com/markets/europe/indonesia-review-coal-export-ban-that-has-driven-up-global-prices-2022-01-05/

I've tried to stay out of this bikkering, because all it does is distract people's minds from what is actually happening.
But.. That is the point, because at this moment in time, we just do not know.

We can now have a pretty good guess at what the final company will look like. but we do not know the details or mechanics about how we are going to get their.. And.. We certainly do not know what value per share can be put on the final company.
Yet here we are, getting bombarded day after day, by the same poster, telling people over and over again, to Sell.
You have to make up your own mind about this poster... Mine has been made up for the past three years...
. But if somebody keeps on telling you, over and over, to Sell, before you even know what is happening.. then maybe you have to ask, is he really looking to buy.
.

Let's hope that the spread of this new variant doesn't result in the upcoming drilling action in namibia, being put on the back burner again.

Wouldn't want to be short.-------must be costing a fortune to finance.----------and no way back in once this is re-quoted.

Tiggy, wouldn't that be the final joke. That after all these years of waffle, the GOB gets paid for doing what they have always done.
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-Absolutely nothing.

Morning Pappi----looks like some are a bit late in coming to the party regarding the price of coal.
-All those proposed Power Plants that we were discussing, have seen their raw material costs jump to unsustainable levels, and that's even if they can get supplies.
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-How can anyone plan a huge future project, when the basic starting point (raw material), jumps from $50 to $269 and back to $150 in less than one year------------they can't.
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-By using the coal at Phulbari, and building their own power plants to use it---then---, once the contracts are signed--- all the costs are fixed for the entire life of the project.
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-The final product-----Electricity--------will supply all the income for each of the, coal licensee, the miner, and the power plant operators--------------everything fixed and guaranteed, for the life of the mine.
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-It really is the perfect solution.

Another Cop meeting and another cop out from the big problem... The one that has been staring us in the face for the past century.

. There are too many people.
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. And all we hear is talk from everyone about how they fear for the future of "their kids and their grandchildren" without the slightest hint of irony.
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The temperature of the planet is going up in direct parralell to the amount of people on the planet.
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. Untill we start to reduce our numbers, we will never get on top of global warming.
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. Why do we never address this question.

Hope this is a mistake.
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-https://tradingeconomics.com/commodity/coal

luv it

I have asked the company three times to clarify (starting on Fri). the position re NFC, but so far thay have not responded.
.. If it now turns out that NFC have walked away, then why haven't we been informed.
.. Somebody has now sold 850/_@5p.....wonder what they know, that we still don't.

600/_ sold @ 5p...mmmmm

My guess is it expires tomorrow.
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-15 October 2020



GCM Resources plc

("GCM" or the "Company")

(AIM:GCM)



Framework Agreement with NFC

GCM Resources plc, an AIM quoted mining and energy company, announces that, further to its announcements of 11 July 2019, and 13 January 2020, in respect of the memorandum of understanding ("MoU") with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC") and Power Construction Corporation of China, Ltd. ("PowerChina"), it has now signed a framework agreement with NFC, valid for 12 months, in relation to the Company's world class 572 million tonnes (JORC 2004 compliant) high grade coal resources at the Phulbari Coal and Power Project in North-West Bangladesh (the "Project") (the "Framework Agreement").

---We've all done it---bought a share, watched it fly, but failed to sell.---Then we hold on looking for even more, only to see it drift back and we lose all of our paper gains.
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-It's like owning a house that you paid peanuts for all those years ago, and now somebody tells you that it's worth grillions, ---what do you do.
=
=Well this is now Bangladesh's problem with Phulbari------coal is dirty, polluting, finite (when it's gone, it's gone), disruptive to all the people that live on the deposit, and takes up the valuable land that is feeding the people------------so what do they do with it.??
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-This is something, that last year, was worth $30 bill-----last week it was worth $120 Bill------and today it is now worth $155 Bill--------
---BUT-------
-------only it's only monopoly money, unless you sell it.
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-We've seen it in all commodities over the years-what goes up, comes back down.-------Attitudes and technology change the circle, and what's hot today is cold and forgotten tomorrow .
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-If ever Bangladesh needed to make a final decision about Phulbari, now is surely the time.
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-Come on GCM, --put some pressure on ----MAKE something happen.

Morning Al,----- just don't think it is sinking in to some people.
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-Don't quite know what that 6,600BOD is all about, but it feels like production may have been held back a bit until our pipe line and FSO become fully operational---(why waste it on a leaking pipeline)--we will see .

-Once everything is running SLE will be a fantastic cash cow .