Member Info for redeyemines

have you tried asking the company------?

---The last couple of pod casts and interviews given by OF, have made it very clear, that acquisitions ( JV ) are the next step.----------------With cash burning a whole in our pockets, we are very much on a shopping trip, and the end result must be guaranteed , sustainable income.
-Any acquisition that provides regular income will change the company completely, and will enable us to pay dividends, not just as "specials", but as "annual income", with all the different SP valuations that will bring-------regular divis== % yields, and the SP multiples that go with it.
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-O Fannings " directorate dealing" was on the 12th May and i'll assume that nothing more could be announced for 30 days-------------so we're not that far away now.
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-It's very much time to start looking forward to game changing deals--and remember any deals now will be done out of our current "spare cash"----------it has not stopped us getting a 6p divi, and being forecast to receiving another 10p ish in the near future (OF as a major shareholder now, will need that divi so i'm sure it will happen ).
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-With the cash we have now, and the cash already committed to be heading our way , any new deal that provides more income, is just icing on the cake.

It's not any old option either--------It's "Micheal Tangs ", and it's for 7 mill shares-------------------very positive if he takes them up, but quite damming if he doesn't.
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-one way or the other that should be the next RNS, even if the JV is "almost" signed, MT will want in before it's announced.

Searcher-----------i thought you were dead ----lol

Tosca had 72.2 &
MW had 13.2%
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-now OF has 23.38%
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-who has sold, ---or is it a misprint

See that XXXXXX is back again------he's the mouth piece for the shorting team (shorting co and market maker working together)-------they have a short open, (or maybe they did have) @20p (26)--could have been them closing that caused the sp spike today, but they will try again, just looking for any excuse to upset sh and stop the rise-----------you watch how the volume of posts from the rat pack picks up over the next few days.------

NM

i was convinced it was Sun yesterday, but it;s another groundhog day===AAAAAAHHhhh-----------out in the garden yesterday and it was so peaceful, no air traffic and no distant noise from cars ect-------then it starts------the one noisy lawn mower seems to cut everybody's garden one after the other-------then the home schooling starts, and even though those gardens are fifty yards away, it was like being back at school-------i learnt how to spell Kr Ah Ter----cat, and De Ou Grr---dog, and i learned all my numbers up to twenty--------today we're doing colours--------cant wait.

There is always a bright side, (oil now plus $1.43)----when you have cash in your pocket and are on a shopping spree, this couldn't have come at a better time .

Oil is in negative territory, and is trading at MINUS $23 a barrel.

Where is CEO BOB ?

careful now ricky

At last Char seem to have got their head out of the clouds and stopped chasing rainbows.
-A "get rich quick scheme" is all well and good,--if it pays off,--- but when it fails, then you should lower your expectations and concentrate on keeping the wolf from the door and making sure that the family are fed. Sadly this has not been the case with Char, as we have chased one elusive pot of gold after another, all to no avail, and now we find ourselves starring into the harsh reality of daylight, and realizing that the only way to make money, is to go to work.
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-Having heard Larry talk up all the previous opportunities to make our fortune, --all those vast numbers of potential reserves just waiting for little old Char to come along and pick them up, --none of which has ever worked---then you could be excused for turning a deaf ear to this latest idea----but you shouldn't.
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-This will not make us handsomely rich, but it will earn us a good salary-----something we have never had----------if only we can stay focused for long enough, without being lured away again by glittering mirages.
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-Now, Larry, is the time to put all our eggs in one basket, and concentrate on making a living, instead of chasing dreams.
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-The only question I would ask is---if it's this simple--------why have we taken so long to do it ?

At last Char seem to have got their head out of the clouds and stopped chasing rainbows.
-A "get rich quick scheme" is all well and good,--if it pays off,--- but when it fails, then you should lower your expectations and concentrate on keeping the wolf from the door and making sure that the family are fed. Sadly this has not been the case with Char, as we have chased one elusive pot of gold after another, all to no avail, and now we find ourselves starring into the harsh reality of daylight, and realizing that the only way to make money, is to go to work.
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-Having heard Larry talk up all the previous opportunities to make our fortune, --all those vast numbers of potential reserves just waiting for little old Char to come along and pick them up, --none of which has ever worked---then you could be excused for turning a deaf ear to this latest idea----but you shouldn't.
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-This will not make us handsomely rich, but it will earn us a good salary-----something we have never had----------if only we can stay focused for long enough, without being lured away again by glittering mirages.
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-Now, Larry, is the time to put all our eggs in one basket, and concentrate on making a living, instead of chasing dreams.
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-The only question I would ask is---if it's this simple--------why have we taken so long to do it ?

Looks like all the bigger projects have been shoved firmly to the back burner, and Char now scrambling for a bit of gas income.

GCM have doubled today and Polo have 29.9 % of them -----wakey wakey

That's a very good RNS, and as pointed out by Bluerill, by rolling the notes forward for a year but keeping all the terms the same, we are in a fantastic financial position.
-No debts and cash in the bank to the tune of $74 mill, with over another $100 mill to come by the end of next year, we must be the envy of most other small E&P companies---and not just on AIMS.
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-IF it were "spare cash", we could be hoping for a big shareholder pay out---------------but the company seems intent on stockpiling this cash, as the loan notes slowly run down.
-If those loan notes are exhausted come Dec 2221, what income will we have, ---as things stand , just our Divi from our 10% Indirect holding, interest on any cash balance we may still have, and our service revenue--------$10--$25 mill maybe.
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-$175 mill cash by the end of next year, plus our working interest from our 10% indirect holding, plus services and Barry, is still, as I said late last year, heading towards about $220-$250 mill, or about 45p a share.
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-Is that enough for our three major holders---------------no-------------so there has to be more.
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-Is that cash mountain destined for other things----------------certainly looks that way, ----and with oil at a low and many companies on their knees, there must be some wonderful opportunities opening up.

apologize it is on their webb site

That's an interesting post--------------wonder where you got that from-------it's not on their website and there's no RNS today and certainly no chat about it on their BB-----------somebody been feeding you info again ?-
-maybe you should check it's public before posting it.
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-I'm sure it's right but it's only a non-ex role, nothing more----------------but where did you get that "quote from"

Some good bits from POLO interim.
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-"NFC successfully completed their Due Diligence studies at the end of 2019 and the intention is to establish a formal joint venture arrangement."
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-Also interesting to see that we are planning for an alternative mkt for our coal should the last 2 X 1000 mgw power plants not happen--------our coal mine needs to be at maximum production to be profitable.
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-No mention of Mr Tang and the proposed share swap with Dyani which was put on hold a couple of months back---------this now looks a dead idea and leaves Dyani as a potential seller again.
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-But all in all it sounds positive.