sjd, that was me that said the licence will come once all the PPA and TLA are sorted. I'm sure Tanzanian government are happy with licence application, after all it is recommended. They just need assurance that Edenville will agree to a fair price under the PPA and feed into via the LTA.
I'm in agreement with the poster(s) - may have even been you - that the license is going to come with everything else.
I get the feeling that the license has progressed through, and now the minister has been meeting with EDL et al. to see how they plan to capitalise on it. No sense granting a license to a company who don't have the finance to use it; perhaps why we've now got Rockface's CEO finalising budgetary concerns.
Things are lining up. Just hope we can get a financier before we run out of working capital.
As we move forward and more is achieved and revealed, I'm sure we will soon get that buzz back. At the moment it's a bit boring.
I swore that I wasn't going to top-up anymore, but because our (Andrew1995) and my 0.0395 top-up 4 or 5 weeks ago has taken a further hit, I took the oppertunity to lower my average some, and bought a few more last week @ 0.0325.
It can get a bit scary being overweight on a particular stock, but being the advocate that I am, and the trust I have put into EDL, it's a risk I am prepared to take.
Imho we are very close to the most important announcement in our short history. With a 300MW (plus) project, we are one of the largest CPP players in Tanzania.
Once the Mining Licence is granted everything here will change!
Interesting read, on similar lines. Can anyone tell me if a partner is found to take the business forward, how thats going to work financially. Inter Energy got a $5million investment from two companies by issuing shares as a placement. I take it EDL would do the same, so further diluting the shares in issue, and the price accordingly...
Now I can see why the share price is one long nosedive.
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