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I’ve never seen Edl look strong before in 14 years ! I feel that this is the turning point, I’ve just got 14 years of loses to claw back now !!! Rather annoying as any Tom Dick or Harry can now just jump on board and be in profit !!
Hardly any shares on offer so one would expect further gains.
Should do that and more. I guess we will have a circular this week or next for shareholder authority for Mr Van de Burgh and Mr Brewer to invest the rest of their money and hopefully bring another mine into the company and renaming it Shuka Minerals. Exciting to see what they will do.
Zak Mir reckons 17p quickly hope hes right
Nice gains so far today, news anyone?
How far could this rise to during the next 6 months?
Large buy there. £110k. Someone getting in. Must have heard something?
I'll certainly be voting for
Once this agm is out of the way we'll see lots of positive progress
Might even see a few snippets before to ensure positive sentiment
To be fair the AGM is a tick box exercise as the BoD don't have the necessary authority under the Articles of Association for the quantum. The investment is already there. Who would not vote in favour of it? They would be mad.
Nick came with massive credibility and fanfare, but that didn't quite work out.
I get what you're saying, but the time for even any hint of excuses is over. It needs to be onwards and upwards. GLA
My thinking is purely based on the fact that the two new main holders will want to be fully funded and start out with some decent updates after their investment has gone through.
Agree with what you said about the warrants but I hope that I am right over what you think , and to be clear since my investment here every board has thus far not delivered on anything they promised.
I do actually think these new guys have some credibility
Bullish - I don't quite get that logic.
If there is positive operational news, they should be telling us. Why do they need to wait?
Historically here no news, or delayed news, is rarely good. Perhaps our revised BoD should quickly learn from the mistakes of Rufus, Alistair et al from the past and start to really grow the market confidence in us as a company.
I'm more bearish than you on the implications of warrants. If we dont get to 25p, they just expire. And if we're less than 25p, they can simply buy them on the open market. It's just an option, not an obligation.
I can only assume there won't be a production update until the second tranche of the placing goes through, then I hope the good news starts coming thick and fast!
The warrants expire in May next year so will need to be well above 25p before they are converted which will be fantastic news if they are.
To provide an update.
Silence since April.
No production details, ??? contracts, all points to the same big fat, (now geriatric ) rat scurrying in the woodpile!
30 June 2023
Clean Invest Africa Plc
(“CIA”, the “Company” or the “Group”)
Mr. Noel Lyons and Mr. Paul Ryan settlement agreement and resignation
Clean Invest Africa Plc (AQUIS: CIA) announces that Mr. Noel Lyons and Mr. Paul Ryan, both Non-Executive Directors, have stepped down from their roles with the Company with immediate effect.
The coal industry globally is currently experiencing a surge in demand. This demand ought to lead to a renewed interest in the clean up technology and capabilities of CIA’s CoalTech business. Mr. Lyons and Mr. Ryan have other developing coal interests which may have an interest in CoalTech’s environmentally friendly capabilities and therefore they consider it prudent to step aside to avoid any potential conflict of interest.
The Company is currently evaluating the Board structure going forward and further announcement will be made in the coming days. A comprehensive update on the current operations of the Company’s operational subsidiary, CoalTech, will also be announced in the near future.
Shaikh Mohamed Abdulla Khalifa AlKhalifa (Non-Executive Chairman), Chairman, commented:
“On behalf of the Board, I would like to thank Noel, who also founded the Company, and Paul for their tremendous efforts over these past years in what have been difficult and challenging times for the Company. They leave the Company with the benefit of their robust guidance as non-executives and their strong connections in the coal industry. I wish them the best in their future endeavours."
The directors of the Company accept responsibility for the contents of this announcement.
ENQUIRIES :
Clean Invest Africa plc
Filippo Fantechi – Chief Executive Officer: +973 3 9696273
Peterhouse Capital Limited
Guy Miller +44 20 7469 0930
On site in sight would be good as well.lol.
Rukwa resource including the expanded licence is huge but little point in clapping until the equipment is on sight.
Wash plants, trucks, loaders, excavators, you name it. Everything for a mine to port operation.
I think that once the final instalment of the placing has gone through and the two shareholders are confirmed with their respective stakes then things will happen quickly to resolve any issues at the mine .
Does Mr van be B have a spare washer crusher, cos we are going to need it to make this profitable. I must have been saying they need another washer crusher for the last 3 years or so.!!!
I have no doubt that Rukwa will pay, but, not without further investment and, as the coal needs washing, reliable plant, that is capable of producing sufficient coal to get them over the wet season, something which they lack at this moment in time hence the failure to fulfill contracts which is why the stipulation to any new contract is reliability.
You do realise van de burgh owns and operates 20 coal mines in Africa..
I'm sure a wash plant isn't going to stop him getting coal out of Rukwa.
Further to my last post, the lack of info on current production and the running 2k tonnes pm. contract could mean another RNS might be coming shortly, who knows ?
Does it matter? I suppose the only answer to that is yes.
From pre production to production up to the present day, there's always been high demand from surrounding countries and within TZ, the out come has been consistently the same , the inability to fulfill contracts due to failure of the washer and failure to get the coal out of the ground. There's nothing in the RNS to suggest things have changed!
does it matter?
they've got new management and funding now. *****on van de burgh of qgc is a multi billionaire.
does it mateer??
they've got new management and funding now. *****o van den burgh of qgc is a multi billionaire.