Member Info for redeyemines

Things never change here.----The Rat Pack always out in force just before something is about to happen----wonder who they are working for.

eye eye ---what's up here then-----SBB run out or something cooking

Back in early Dec it was worked out that Dyani would finish up with about 3% more than they were allowed to hold, and so would not be granted all their entitlement until they had reduced their holding.
--Ever since I have been looking for evidence of somebody feeding into any news that generates trading volume.
-We have had a couple of episodes that may have let them reduce a portion of their holding without making waves, and this might be another.
---You could argue that they should hold on until really positive news raises the SP substantially, ----but would they have the time.
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-At the moment they could dispose of that 3% and make about £400/- clear profit , as that 3% would be replaced by the company.
-If they wait and GCM get taken out, then yes they would make a fortune (like the rest of us), but it would be very sloppy business to have missed out on a free £400/- windfall.
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-Maybe the reason each bull run grinds to a halt, is just that 3% still hanging in the wings.

---We all know Oisin Fanning is up to something-------------"Get it done"

holdings RNS tomorrow could be interesting.

Yes Mclean------couldn't agree more.

Well, at least it's not dead in the water---that's a very big plus.-----Months and months of silence was testing the faith of even the strongest believer, with many starting to fear the worse (admit it, you were worried).
-Although this AR has said nothing new, and is really just saying something for the sake of saying it, --the company had to clarify the position before any AGM, and at least let us know that we still have hope.
-We missed the 2019 Feb presentation to GOB date, and reading between the lines, we still have a few problems to sort out and agreements to arrange, and so it looks like we could be into Q2 20 before we get things presented and find our our fate.
-But we are alive and well-------------and that's good enough for me.

Looks like they could about to be more than 3 mill shares over their limit-----wonder if we witnessed a bit of organised lightening of the load in that Volume we saw on Fri.

Not quite sure what's going on here, but that is twice this morning that the volume has been adjusted downwards.------it was showing as 1.14 mill and was put back to 960/-------then it went up to 1.63 mill and has just been put back 980/-
-Feels like somebody is working a big order in the background, and it's getting posted by mistake-----maybe.

---volume alway signals the shares have reached a level, and that a movement is coming ----which way though--------for every buy, there's a sell-------------i'm hoping this is buyer led.

Now if you adjust for the recent SBB--we have
Tosca ---72.01%
-MW-----13.07%
-OF-------2.09%-----makes 87.17% all tied up

Cant remember how many shares Tosca held----the web site is up to date----maybe it's just the % that has changed with the reducing no of shares in issue---

---Just an open question.----------Has anybody had any sort of sensible contact from the company over the last 6-9 months.
-I'm no talking about people who may have built up personal relationships with individuals, but people who have just contacted the Co with any sort of request or queries, ----has anybody had any sort of "proper" response, apart from the cursory "thank you for your EM, as per the RNS-ect".
-I have found it almost impossible to engage the company in any sort of conversation, --has anyone else had similar problems ?

Jazzer, yes you are correct, if the GOB pulls the plug here and gives a definite no, then they will have to compensate GCM for all the expenses they have incurred to date.
-BUT
-If GCM cannot make this work, and the numbers don't add up for both the miner, and the power plant operator, then the buck stops at GCM's door.-----If GCM are forced to pull the plug because the business plan doesn't work, then it is not the GOB who are liable but GCM themselves, so no compensation will be coming.

0.51 g/tnn of gold sound pretty low to me

If nothing else, the SBB has steadied the SP even though we had quite an aggressive seller.
-Certainly looks like the seller has now finished, and with the relentless £25/- a day coming from the SBB, things must start moving north at some stage.
-I wouldn't be surprised to see the company upping it's buying to £35/- or even £50/-shortly, even if it's only for a week or two---(that's just a guess, but if they want the SP up, that's the time to do it)
-So if you just take things at face value, and just listen to the RNS's, then maybe we should get the long awaited Divi at the end of this year, which isn't that long away now, and with the SP being supported, there can't be many better opportunities to start adding ---(how many times have we said that).
-But
---I still feel that there is something far more spectacular coming our way soon.
---Institutions don't hold 85% of the stock , (with the loan notes running out), for nothing, --something must be about to change the Co, as we understand it. Running the clock down and relying on our assets as pure cash, will not give those Insti's any sort of decent return on their investment, no matter how high you try and value those assets.--
---Loan notes plus interest, 10% indirect OML18, Barry, Albania, and cash, can't come to more than $220-$270 mill, worth about 50-55p a share, --surely not enough for Tosca.
-I don't want to get into the guessing game as to what may happen, but logic tells me something has to change.
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-Maybe it's time to follow the Co and buy a few.

----are you around ???

Mr Fanning has always been the Magician of the deal making------and somewhere in the very near future, i wouldn't be at all surprised to see him pull a rabbit out of the hat.
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-Just make sure you have not been taken out of the play before we see the end game .
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-I rule nothing out here.

---Now here we are---almost at rock bottom levels, but with three players holding tightly on to 87%, --with a SBB that is quietly sucking away at the remaining "free float", and increasing their percentage with every purchase---------so you have to ask.
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-What is it that these three see and we are all missing ??
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-As a "cash cow", to the extent we are now, SLE is time limited, with the loan repayments and interest, running out in the near future, ----and even if our 10% indirect holding in OML18 was ever to be at maximum return, it will still only be a small fraction of the cash currently being generated by these loan notes.
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-Maybe we are due some back payments and interest from our 10% (are we ??), but this would only be a one of payment, and will not compensate for the upcoming demise of the loan notes.
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---So there has to be more.--------------these 87% share holdings are telling you that.
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-Mr Fanning has always been the Magician of the deal making------and somewhere in the very near future, i wouldn't be at all surprised to see him pull a rabbit out of the hat.
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-Just make sure you have not been taken out of the play before we see the end game .
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-I rule nothing out here.

-Then with MW having bought their stake, and the T/O finished----------out come the "rat pack" again-----------for weeks and weeks on end, driving the SP ever lower again.
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-The Interim Figs that followed, contained--no Divi, flat growth and nothing forecast to happen until Q2 next year---------so no reason to buy.
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-and now we have this latest SBB.
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-Not a Tender Offer, or a large amount of cash coming into the mkt to support the SP, but just a small amount that can sit below the radar, and adsorb any sellers, without lifting the SP.
-With no Divi there's is no reason for new Institutions to enter the mkt and change the SP basis, and so the Co can just sit on the bid (or at any level they deem fit), and soak up any sells without ever having to chase or force the SP higher---------------I noted the comment the other day, about how the SP has risen since this SBB started, but I must point out that we were 33p just before the Int Figs----and it feels like we may have to run a bit of an uphill marathon before we can even get back to that level.
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-It's starting to look like a war of attrition--the SP has no reason to go anywhere and the SBB is not chasing the offer price----now we sit and stagnate, bobbing around the bottom until people get bored and cash in there chips.
-Every sale (no matter how small) just increases, and consolidates the major player's stake here, with the rest of the holders being quietly taken out of the game.
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