Member Info for redeyemines

That's some write, no wonder some people are trying hard to generate some selling.

Can't believe the numbers are so small, but maybe its just bad reporting, or lack of knowledge-----either way, it's on the rise again.
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-https://www.dhakatribune.com/health/coronavirus/2021/04/16/covid-19-bangladesh-reports-101-deaths-as-record-breaking-surge-continues

Tosca holding------------"Toscafund Asset Management LLP held 328,362,373 ordinary shares in the Company, representing 72.98% of the issued share capital of the Company."
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-Must be a change, but can't remember what they held before----------anyone ??

and of course it's Ramadam for the next month.---and nothing will happen .

I think that being in the UK we are a little bit spoilt, and a bit detached from the situation in other countries.
-We have a great regime of vaccination which has brought our outbreaks of Covid under control, and we are now starting to live our lives again.
-BUT
-This is not the case elsewhere in the world.
-Most of Europe is struggling, and are still in a lockdown, with the prospect of a third wave of infections on the horizon for the late summer.
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-Third World countries such as Bangladesh, are now starting to really suffer.--------They have somehow managed to have a proportionally small death rate so far, ---but they have not got things under control at all.
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-With everything you can imagine in such a country (high density population, poor sanitation, and very poor health care ), things could rapidly go seriously downhill, and it sounds like that is now the way it is heading out there.
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-The country has been placed on a higher alert again, as cases start to quickly rise, and it is only a matter of time before they have a full scale emergency on their hands, and are forced into another total lock down.
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-I cannot see any quick progress being made with this project, while the country struggles with this pandemic, ---for them, there are more important things to worry about, ---and I'm sure we still have a longish wait before things move forward.
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Very sad news.

Black Swan----------it does seem to have taken an age, but reading the last RNS's, I'm sure we will get confirmation that the funding deal has been completed, very shortly now.----
-If the deal did not look as if it was going to proceed (as you inferred), then why would SLE have put out the RNS this morning highlighting the progress Decklar are making.
-No I think are progressing nicely.

Well that's GOOD news then.

with a vol of 5.7 mill today, you would have to guess that there were about 2.5---3 mill buys hidden in there, somewhere between 7.50---7.75

unless they took stock in the placing.

and US$0.09 million in cash which will be funded from Chariot's existing reserves. Deferred consideration up to US$0.75 million, is payable within a 24-month period dependent on certain project pipeline targets being met as well as the

Yes Scouse, that was my worry-------finance.
-So far AEMP only had a profit of 0.2 mill, and it looks like Char will have to fund 15% of any future expansion.
-There is talk of leveraging future cash earned at Moroc, to finance future growth here.
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-Lets earn some cash first, before we start spending it.

I had listen to today's Podcast, and it took me back a few years.
-Lots of big numbers being banded about for the future (remember all those Billions of BOO we had in Nam), made everything sound so rosy------but it was not what most of us were hoping to hear.
-In Moroc we have the prospect of finally earning some cash, and it is here that I wanted to see us concentrate our minds, and not get sidetracked chasing rainbows again.
-Ok, we are still very much centered on Moroc, but listening to the PC, the company are not looking to start getting the cash flowing from there, until at least two years time-----and being so far in the future, it leaves a lot of scope to be stretched further away(as always happens in these big projects).
-So we sit here again, waiting for a JV partner to come on board, and start putting some meat on the bones ,of what was, our major project, ---------but instead of just focusing on getting this up and running, and a cash flow started (even if it was 2/3 years away), we have gone off on a tangent again.
-Now, we have a bit more dilution to contend with---before we even get to financing Moroc, ----and a cash drain of $0.9 mill which has to be repaid over the next 24 months.
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-Lets hope this new side line can generate some very short term cash, and doesn't prove to be a drain on resources and a distraction from our main goal.

Despite all the calls to abandon the use of coal, the demand continues to rise.
-China has secured most of the Asia production, for it's own use, and the rest of the world has been left to chase what is left.
-Coal has now risen by over 81% since Sept 2020, and shows no signs of reversing.
With about 570 mill tns of coal, now worth about $91 a Ton, this is asset that cannot be allowed to stay in the ground, and forgotten.
-The arguments for the need of power, and the benefits the project will add to the Bangladesh economy, are becoming louder every day, and the value of the Phulbari project cannot be overstated.
-As Bangladesh (and the rest of the world) return to some sort of normality, things will gather pace, and a decision, by the GOB, will have to be made, as to whether they use this natural resource, or leave it in the ground forever-------------
---The sheer $ value of Phulbari, and the weight of the Chinese partners, will not let this project fade away, ---one way or another, this will get presented to the GOB (almost certainly this year), and a decision will have to be made.

The dividend, and the ongoing dividend policy.

You will of course need a "certificate of residence ", and this form---which i'm guessing you have already sent.
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-https://www.revenue.ie/en/companies-and-charities/documents/dwt/dwt-claim-for-refund.pdf

--This was the response from my Broker, and you should have had something similar-----try them again.
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-"Further to your conversations with my colleague XXXX, I can confirm that the link you have is to the correct form.



You will need to complete this and send it to the Irish revenue along with copies of a Consolidated tax certificate which is not normally sent on ISA accounts, but we will produce these later and send them to the contact email on the accounts.



Once they have received your claim form the Irish Revenue will contact us requesting a copy of the block dividend voucher which we received and detail of the amounts which we have on record as belonging to you."

16 mill BOO stolen, would sound like we should be owed more than 500/--but it's a start.

As we seem to be pausing for breath, I had a little time on my hands and had a listen back to the pod cast with Malcy back in June.
-Over the course of the interview, lots of figs were given out about cash to be returned to SH's.---I know this is not an RNS, but just a conversation, so many things are said on the spur of the moment, but by putting the three or four comments together, you get a good idea of what the intentions were at that time.
-There was no time order to the questions, (they jumped back and forth for over a 15 month period) and the answers did not follow the calendar ---so i'll try and put them in order.
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-From June 2020 onwards
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-We have $115 mill still to come.
-50% at least of that to come to shareholders
-$30-40 mill to SH over the next 12 months/year (takes us to June this year )
-$60-70 mill to SH over the next 15 months (takes us to this OCT)
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-As I said, this was not an RNS, so can't be relied on. Also certain other things have changed since this Pod Cast, which may or may not change the company's thinking, --- but at the time it looks like the co were anticipating paying divis in June and Oct this year

nm