Member Info for redeyemines

Think the conversion price is more like 5.4p

Fyg ---the 16 mill are being fed into the mkt (prob by PEEL). to any buyer that wants them ----------The SP will not move until they have shifted at least half of them .--------------------------The 6.4 mill vol will be mostly day traders and mm to mm trades , and maybe only 2 mill ish are straight buys,.---------this will take several days to clear that 16 mill

Because there is a seller -----lol

BW have no contract with SLE, it is ELI that owe them the money. It sounds like Sle agreed verbally to pay ELO (because they were virtually taking over Eli) debt once the TRAM deal had settled, but of course it never did..

..im sure Sle will appeal.

Somethings not right....last trade was at 11.34 am...surely thats not right.

Excuse all the fat fingered typing please

No K&C, i think he was referring to major power plants like Rampal and Coxes, both built to receive imported fuel.... These pkants should nwver have been built in the first place, now they are crwating notjing but problems and a drain on the e chequer.

...All of the capacity from those plants, could, and should , have been covered from the proposed 6000 mw plants at phulbari, and run on constant, good quality coal, with no import bills.

...What a disaster the past 20 years have been.

And phulbari ticks all of those things Searcher

My guess is that the 864/- was a sell and they delayed reporting it while they offloaded to buyers.---then other buyers came in at 630.-----looks like its all done now.

James, that link will not open ---can you cut and paste it please

Well, here we are saying goodbye to 26, and welcoming in 26, so lets hope this is the year for SLE to wake up and flex its muscles.-

---I was having a re-read of the 2022 proposed reorganisation doc, and all the proposed share swaps and consolidation, and it led me on to look at the current situation regarding the outstanding Loan Notes, and i was amazed at how much is now involved.--

---- Reading the Corporate update RNS from Oct 23 it seems we were owed $120 mill----------then by June 24, another corporate update RNS put that fig at $140 mill, meaning that we are charging something like 25% interest on the outstanding debt.-------------------So by now we could be owed, maybe $170  mill plus.

-If that's the case, then we must now have a very strong hand in any revised reorganisation plan.-We know that MLPL  are not in any position to pay that debt in cash (nor are the Guarantors MW), but by reshuffling these paper debts, SLE could finish holding a much stronger asset hand, and STILL be owed life changing amounts.

--Should OML18 get back to full production and cash flows, these holdings could then make SLE's  fortune.--

---If the refinancing, that has often been talked about, and we assume is still being sorted, become solid cash, then SLE could be in a very strong position indeed.---- in fact we could be in the £ seats.-

---Time to start taking a very positive reread of the situation.

--- Its not worth going over all the pros and cons of Bangla using their own coal and going for OPM at Phulbari, as everything has been said a million times already-----so what's next---------we wait.

-For almost a year now the SP reached a level where everyone could see the ceiling and the floor, and the trading levels were set in stone.----5--7p just about covered it and it has been marched up, and down again, many times in that range.

-Now as we draw near to what could be the sharp end, trading has become a dangerous game, and the FOMO, (from maybe just one statement) has left many, frozen in the headlights.

-So what to do now ?

-The sensible answer would have been, to do nothing, --just batten down the hatches, and wait, ---but MMks don't get paid for sitting there with no turnover, ----they have to MAKE things happen.

-The Finals have been and gone, --the AGM has been and gone.----No news as yet on the MOU with Power China, (or anyone else), ---and no leaks about the Energy Policy-----which could leave a few weeks of news/expectation vacuum-----and NO TURNOVER.----------that's no good for MMks.

-So what do they do?

-Being near the bottom of the year long trading range, they could either accumulate, and then move the SP up and attract buyers, ---or----They could go short, drop the SP and hope to shake out some sellers---what did they choose ?

-Well I hope you all paid attention this morning, because they played an old card trick again, but I think this time, they have made a mistake.

--Looking at the trades this morning, im guessing that they went short, by filling in buying limits at the 5.50 ish level and then dropping the SP hoping to frighten a few loose holders into selling---but it has not worked.---in fact they have run into one or two buyers instead.

-Looking at the early action, I think they shorted maybe around 300/-=====maybe they got 50/- sales, but then lost another 50/- to buyers--leaving them a net 300/- short on the day.

-It's Fri tomorrow, and then we are almost into the Christmas shutdown, --(mks always have a good blue day just before the Xmass break)-----so they will need to close that short before they can close their books on 2025.

-No news --is just that ---its not bad news---so nothing to fear.

-But---An RNS about the MOU--or a leak about the Energy policy, and we are off on another run, leaving the MMks scrambling to close that short.

-

-Fun and games-------and watch the small trades.

-

-Happy Christmas and GLA for 2026.

YKIR----my post was in no way a slant at you-----you post and do, whatever you wish.

---It was the fact that all positive posts seem to be getting removed, but yours, quoting from the same article, but with a bearish theme, was left up.

-Thats all.

I have asked LSE to give me a full and complete explanation as to why they keep removing posts ect--------but so far I have had no reply.

I really do wish you boys would stopped posting about historical highs in the sp.... All it does is open old scars, and brings back reminders of how badly I make investments.

.. I made my first entry in to Gcm at 310 - (missed the top by a few pence) and I've still got them...

.. Change the subject please.... Lol

Another in depth, fantastic, pro Phulbari article. They are coming thick and fast, without even the slightest counter from any of the past antis.

... Can you imagine where the sp would have been if wed had this sort of coverage a few years back.... Probably over a £1.

.we will wake up one morning and you won't see the sp for dust.

Well here we are, coming up to December and still in single digits-----that has surprised a lot on here, me included.

-There has been a lot of ideas and stories banded about as to why we haven't moved----I've got one or two theories myself----but this is not the time to start going off on tangents, so lets just stick with the obvious for the minute .

--

--Mmks have been playing the charts and trading the resistance levels, and we haven't had the buying power to break the circles.

-

-We have a very narrow group of Shldrs here, and most have built up substantial holdings------------- (too many 1 mill plus to be healthy ???--maybe)----but what us sh's have done is---- we have gone "all in".-------------Most ISA's are full to the brim, with all the £20/- allowance used up for this year-and probably all the "spare cash" used up as well.

-That's why we have sat around for weeks going nowhere, despite the ever growing stream of good news.

-

-What we need is a new buying audience.

-And maybe we are starting to see it.

-

-This is just me, watching the trading, and probably making 2+2 come up to 5--but i noticed a pattern over the last few days (well it was another sh who spotted it), and it could be right.

-Every day of late, we are seeing a splurge of buying, first thing, and then around 10---11 am, it all dies a death, until some of us join in as the day goes on.

-

-So here's the guess--------------are we seeing buying coming first thing, from Bangladesh ?

-

-With all the positive press out there now, ---i wouldn't be surprised.

-

-If it was just you regulars buying first thing over the past few days, then by all means shoot me down, ---if not.

---Then watch the trades n the first couple of hours.

Afternoon Ripley---- well you never know, we live in hope of a requote somewhere.---------Maybe you could trade them privately (i really don't know), but I'm sure that Cert is worth more than just a piece of paper, and at least you now have something that could be worth real money in the future.

---Def don't give it to charity.

----"The two-week talks will be the first to be held in an Amazon city, to spotlight rainforest conservation."

-

---I'm sure this is the place where they flattened a huge swathe of rainforest in order to build the Hotels ect to hold these talks in.

-You couldn't make it up.

I really believe we have a very good chance of getting the SOD approved before the election.

.... And yes Searcher when have we every had constant talk of phulbari without even one anti comment. Even Anu Moh a med is silent.