Member Info for redeyemines

another 7.3 mill just gone through @27.5, -so looks more like a cross now

don't see how it can be, we need court approval before we can start.

somebody is keen---7.3 mill @27.5

At last we seem to be moving closer to getting a return from OML18.--$80 mill should allow Eroton to start paying Divis very soon, and any divi to SLE plus the loan repayments, (coming every qutr), are going to put SLE into a very cash rich position.
-$10 mill SBB to start very soon, maybe followed by a further $10 mill, or better still maybe an actual Divi to SLE shareholders, which will attract strong ii following.
-This share has got plenty of legs-------follow the money.

follow the money.

woops-ive been looking at the wrong stock -----sorry

iv'e been waiting all along to see some sign of II buying-not in GCM but in the major stake holder POLO----
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-now we have just had a spurt of buying in GCM and a 500/- buy in POLO.
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-Still all depends on Hasina, and maybe we'll have to wait until late spring, but the pace definately picking up now.
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-hold tight-

Stephen the basic answer to that is simply ---more buyers than sellers-------and that is what the Share Buy Back is going to trigger.
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-Look at the volumes down here, and ask yourself how SLE are going to be able to buy 20-40 million shares-----the answer is, they are not----------so to invest $10 mill they will have to chase the SP ever higher----
---and if you read the RNS about SBB carefully, it sounds like $10 mill is just the beginning (personally i'd like to see additional money being used to pay a divi rather than SBB, ---maybe we will).,
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-So you have to take things at face value-=the company have reiterated their plan to Buy Back $10 mill worth of shares starting around end Jan 2019---------by this time they will have received another $18 mill-and the same amount coming again in March.
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-If they return more of that cash to SH via a SBB or even a Divi, -then the SP has to be a lot higher than it is now.
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-All the candidates are out in force trying to generate sellers
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-I have no doubt that some of the bigger players are loading up now, ready for SLE to try and start buying.
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-We should be doing the same (follow the money).
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Stephen----i think the mkt (or someone) does want to buy san leon shares-----just look at the trades.
-----70000 sold today between 23.4 and 23.70-----no buying , and still we are 23.40 bid.
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-you think nobody is buying ????-----------somebody is working a big in-house buy order--when it's finished-we will move up.
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Yes Alaric we are heading back to that 23 ish level, and the "idiots in various guises"-keep appearing, and all first time posters----somebody wants to find some sellers.

--- Iv'e been out most of the day and have nothing to add about this mornings RNS, that hasn't already been said by Blue and Alaric,--The Nigerian press article was carp, and the SBB looks to be on towards the end of Jan.---Great.
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-but there is something a lot more mundane that might well be worth keeping an eye on.
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-The other weekend 1.3 mill shares changed hands, and it looked like they went to a separate buyer (rather than an in house swap)---------ever since then we have had a buyer around the 23ish level sitting quietly in the background.
-(you may have noticed how one mm forced the price down first thing Mon (22.10-22.90) only to be promptly taken out and the 23 bid re-established.-------now it looks like the mm's are trying to get the SP back down to the buyers level----------be interesting to see what he's made of. ----were the appearance of all the idiots (in various guises) trying to get stock for this buyer ?
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-There's no volume at these levels, and with the SBB confirmed, there can only be one way for the SP to go over the next months-----feels like someone's trying to gain a position.

Thanks for your thoughts Alaric.----
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-just for the record, I did not quote from the article or give a link to it, but merely commented on it's content.
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-I notice the links to the article are still on the BB.

-Off out for some golf now.

---I notice both my posts concerning the recent press article in Nigeria have been removed.
-I fail to understand why.
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-But just to reiterate, ---i think the article was nothing more than very poor journalism, and that the date set in Feb is more likely to be just so that the conclusion of the deal can be confirmed, and Sun Trust to formally stop their action.
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-Admin please contact me and explain why you removed both my posts.

The potential of GCM cannot be overstated.--
--For the past couple of weeks I have been giving some thought to a post mining Phulbari, and it's implications for the local population.
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-At first i thought that maybe the people would be left high and dry, and the area would deteriorate into an economic wasteland, much like the Welsh mining towns and the North East shipyards have done---but it was pointed out, that maybe I had overlooked one enormous commodity .
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------The overburden.
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-This is not just some waste material, (as it would be easy to assume), but a highly valuable resource which could trigger a whole new range of industries and economic prosperity for the area, long after mining has finished.
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-The overburden is in the BILLIONS of tonnes, which contains extremely large quantities of: construction sand, Kaolin, aggregates, clay, silica sand, as well as construction rocks such as Granite, sandstone and Tillite.
--These could go on to spawn many new industries such as pottery, bricks, construction, ceramics and glass. Once established there is no reason why these industries could not continue as these resources are not at the depths of the coal, and therefore would be easy to continue to extract.
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-Just yet another piece of value that should be added to GCM, and one that sustain the economic health of the region long after mining has finished.
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-Another good reason for the GOB to say yes.

As the value of Sterling declines , the value of our coal reserves (priced in $ per tonne) is increasing.

A real event indeed, and even though Eroton are doing the drilling with their rig, i'm sure SLE will be earning money on it.

Yes Bluerill, maybe we are starting to attract fresh buyers at last.---Also I note that the late trade on Fri of 400/-, which looked like a sale, seems to have been absorbed, with no impact on the SP.
-If we are now bringing in fresh II interest, things could move quite quickly if this is coupled with any Share Buy Back.

-------------?????---------GP back------the conversation please

-------------------this company has never made any promises----------

No RNS but has the SBB begun ?----------Broth 7 /Sis8 been generating sellers for their MM pals/employers