Member Info for redeyemines

Brother 7 ----please try and at least read what i have written before you make another stupid post ----50% ---per cent----not----$50 mill.

----now look forward. - -GLA

should have read -----I can see no reason why this Avobone saga----

---- I can see no reason saga should not be done and dusted after this court hearing-so lets start looking forward. - ------On or before Jan 1st SLE will receive $19 mill and then again on or before April1st another $19 mill and in July and in Sept.--------so about $80 mill in total --and that is JUST from the loan repayments and interest. - ------If we ignore any earning from our 9% odd of OML 18 until Eroton are in a position to pay-and just look at this $80 mill----what does that do for us . - -Pay Avobone and maybe a few other creditors and we're left with about $60 mill.--------that's bloody good going for an AIMS co. - --Now add in the earnings from OML18 and we have the potential to be sitting on a huge cash mountain.---------the stated aim of which is to return 50% to shareholders--------you do the maths. - -all that without evening talking about mergers, joint ventures or takeovers, and the upside here is very exciting. - -most of this could start happening long before we ever get re-quoted-------no wonder certain posters are trying their hardest to talk things down. - -Ignore all the on going carp (we've heard it all a million times)-look to the future.

I heard the list was too long on Tues and it didn't even get to court.----I think it was put off until today.

-------"over Loan Note repayments have resulted in $20.6 million being received by the Company to date, and approximately $19 million expected on a quarterly basis as a minimum from Q4 2017 onwards, until the Loan Notes are repaid in full."

---"Things will change when we receive payments, but when will that happen?? " - -you ask when money will be received-----read the accounts - -----"To date, San Leon has received approximately $18.5 million from MLPL which have been applied in satisfaction of principal and accrued interest on the Loan Notes." - -----so maybe the money has already started to come in.

----Chariot raised cash for a "special opportunity",-- and they already have acreage in Morocco------could they be after ours??