Member Info for redeyemines

might well be some tax probs being sorted at the last min--seems to be happening in a couple of aims stocks (and being exaggerated by futures positions being forced to close)-------maybe there are bargains to be had between now and Fri.
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-Understand your bullishness Bees----lets hope my fears (and yours) are ill-founded.

Morning Bees----you seem a bit more relaxed than of late (thought you had the same worries as me-what's changed ?)
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-I don't think for one moment it would be POLO who would make a bid, --as i said, --they, in conjunction with Tang and Dyanni, could except a bid from elsewhere.
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-Companies spring up all the time-but it's who's behind them that counts.
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-If this SP stays at 25-28 for much longer, then a bid of 100p---150p would seem very generous, but not the £20 value we seem to think it's worth.

Another trading day, and the same old pattern.---What is going on ?
-A good strong start, with a consistent string of reasonable buys, and as soon as the buying slows, the SP is dragged back to 25p--AGAIN.
-You would swear that we have an on-going seller at that level, (one that is big enough to squash any amount of buying), but the bgns are not bearing this out-----there are no big sales or even strings of smaller ones, to justify the drop back in the SP,----------- a seller would just not act in this way.
---If a mm was working a big sale order, then the SP would be encouraged gain traction and move upwards, that's the only way to attract buyers and get rid of stock. Keeping the SP at this level and killing any volume will help neither a seller or a buyer---so why ?
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-The SP has been killed on every rally, ------no matter what the news or how good the prospects seem------somebody wants the SP at this level for a reason-----------even with the prospect of New Tax Year buying in peoples ISA's tomorrow (you would have thought that the MM's would have created a false rally just for that alone), still the SP is stubbornly held at 25---28 P.
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-According to the latest shareholder lists (as at 29th March), Dyani has not sold any, and still holds the same amount and Kilkenny, who were a seller at 40 plus, still have their 3.3 mill , ---so neither of the obvious two candidates are selling at this time.
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-----It makes no sense to hold the SP down if you need to do some fund raising (something we will need to do in spades on the GL), so the only other thing i can think of is the dreaded cheap T/O.
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-Tang
-Polo
-and Dyani (who are they ????)

-hold the balance of power here, and i suppose in depends on who would bid for us, as to whether these three holders would except--------there is more than one way to skin cat --eh Mr Tang.

morning all----just trying to make sense of the trading over the last week, --all those nearly matched bgns.-----just wondering if many of you have freed up some cash in your ISA's (poss from the Tender Offer in SLE maybe) and are switching some GCM holdings into them ???----is that the explanation for these trades ?

well this SP has been held at this level for far too long for it just to be "normal trade"------somebody is doing something.

Don't worry about today's price movement-i'm sure that's just a Mon morning "puff"
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-but it's what may be going on in the background that , that maybe we are missing.
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-This was suggested to me, by another well respected poster, who is not around to post today, and he could be right.
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-Kilkenny-bought at around 23p and 33p (from Griffiths in Augst 16 and Jan 17)---and have since sold at around 40p
-are they now buying back in again ??

Sorry BEES, --i was writing my post and got sidetracked by other things-came back to it and posted it, without seeing your next post.
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-I can't agree more----we look vulnerable to a cheap T/O.
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-one SH holds the key here.

Bees, can't challenge your thinking here, because the case is so compelling.
-A third world country, with a huge population, many of who have the right mindset to change things for the better.-they have the will to better themselves, and the backing of other wealthy nations, to kick start the process.-------they just lack the one basic element to get their economy moving---and that's energy.
-After all the options have been explored, it comes down to them using their own resources, and the only one they have is Coal.
-So what is stopping them?
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-If this coal field had been under Bangladeshi ownership, them i'm sure mining would have started long ago----nobody likes a "foreigner" taking the country's jewels, and I'm sure that the GOB has tried everything it can think of to rest this license back to Bang, but they have failed, --so now it's all about making sure they can maximize their share of things.
-They will be looking to keep as much as possible, and that is where our current proposal is such a winner.----ALL the coal to be use LOCALLY to generate power just for Bangl. and to develop the area.----------------Somewhere along the line Bangl will want to get a really decent return on this--------------upfront they will demand a %, which may sting a bit, but will be fare, ---and underneath, no doubt, a few will make a killing, one way or the other----but will we, the GCM SH get a share of the cake ?
-I don't like the SP being were it is, ---it raises too many questions, and makes me uneasy.
-How do you see things, ??

gggg------the number of shares has doubled, but so has the price of coal-----so we are as we were------------- but now we have an 80% interest in 4000mw power plants another 2000 mw plant, and great backing from a leading Chinese Co.
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-------25p --?????

Back in the dim and distant GCM got up to about £9 a share (i'll have to take others word for that, as it was before my time), before things came to a halt with the riots and deaths of protesters.
-Then we had another rally, --as the GL was "just around the corner", and we got up to just over £3 (yup---I paid the top here), before once again the anticipation was met by silence, and the long slow drift began.
-Even when Sheikh Hasina made her infamous statement of "leaving it in the ground for future generations", we were still around the 150-170 level.
-Now we are here, with the best JV partner money can buy, ---massive proposals of 6000mw power plants, --Local people and MP on our side-no bad noises coming from Hasina (in fact quite the reverse), coal being mentioned , left, right and centre--a total love affair going on between China and Bangla (to the point where Bangla can not say no),
-Days, (weeks) away from presenting the most comprehensive power plan to the GOB, in the country's history, ---one the GOB knows is coming, and has made no negative comments about-so you have to assume they're happy.
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-Then why are we @25p ????

so it works out at about 55% of what was tendered (10 % plus 50 % of excess tendered)---wonder if that will trigger any holdings RNS.

Yes Bees, I don't see how we could do anything more than we are doing. Presenting a complete parcel of mining, power plants, funding, development etc-we have left no stone un turned here, --we even seem to have full support of the local people and MP's, ----what more can we do ?
-When this is put before Hasina, it is not something she can ignore, --and with the amount of Chinese involvement, both here and throughout Bangla, she will have to give an answer, one way or the other.
--This really will be Make or Break, as I don't see us ever being able to make a better proposal, at a better time------------it's now or never.

Not worth us getting into a flap about how POLO will come out of this.---They financed us, when we needed cash, and took the risk to be able to convert their loan to shares-----now it's coming off for them, well done POLO (not directly Tang)---The rest of Tangs options were under water for a long time, and like the rest of us long termers, I feel he's entitled to benefit if it now all comes off.
-Lets leave POLO's problems to the POLO shareholders.

Afternoon Bees, i don't think i'd find it acceptable if Tang had options over 10 mill shares, ---so I had a little look back over past accounts.
-It looks like Tang got 1,750,000 in May 2015 exercisable @ 11p until May 2020 and a further 5,500,000 in 2013/ 2014, also @11p --so in total he has 7,250,000 @11p and no more have been issued for the past 4 years.
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-Give the ride we've had in that period, with the SP as low as around 4p, i don't find that unreasonable if he manages to pull this off.
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10,000 mw from coal planned so far--three plants named-where's the other 6000 mw coming from ?---could be.

"The government wants to see some action from the experts, who must come up with specific plans on the power and energy sectors, he suggested."
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--Our plan is heading in her direction any day now.

you got a friendly mm ?-that's a nice discount for a Fri afternoon .---lol
-GWE all

Bandit i had noticed that myself this morning. ---Having been all through everything and checked on the webb site, ---Capital are still listed as having 34 mill (even though Tosca has been updated today).-------I am assuming Blue is correct, and that it was Capital, as he does seem to be fairly accurate most of the time.---So I look forward to reading his reply.

That sounds like a very fare guess to me 99-

Bandit-i must admit that the next move after the T/O has settled, all depends on the amount of ii participation (if any at all) in the offer, and to what degree PI's are taken out of the game, by having all of their tendered stock taken from them.
-There is, i suppose, the possibility that the Co will not be offered the whole 50 mill, and will have cash left over.-This will be boosted by a further payment on our loans, which is due to arrive even as the company is writing the cheques on the 29th for the T/O.
-Having offered $30 mill for the T/O by 29th March, we will be getting $18 mill back again on 1st April (plus any cash that may not have been spent in the T/O) , leaving the co once again with a very strong cash position, and I'm sure you're right, that it's a question of, when, rather than, if, more of that cash is directed back towards shareholders.
-IF (and it's only an IF), the co do not get all the stock they are after, will they then come back into the mkt with another offer (at a higher price ??), ---or maybe even pay a cash Divi.
-"along with other news in the pipeline "-couldn't agree more here, maybe an update on our proposed new pipeline and FSO,---updated production figs,-- new wells ect.
-Either way, for now I can see no reason to be selling at anything under 46p, and depending on the outcome of this offer and the level of ii participation, then maybe we should be setting our sights very much higher.