BUT written better. NO MORE of this will let you know later...
The last RNS could have been split into 2.
First one could easily have been sent shortly after the initial SBS results RNS. All it had to say was EDL in ADVANCED talks with Tz companies to supply coal. nice and easy, could have helped keep the share price up.
Then the RNS with the remainder of the SBS coal results. There was no need to wait and slip in a one liner about discussions with companies to supply coal.
My question is they complaining about the countries poor coal quality for cement, Edl confirmed their coal is good, no brainier then we in advance discussion they raised the 500,000 and said primarily for the sale of coal to be used, let's hope Rufus gives us all an happy Xmas RNS.
May turn out a good thing the directors own no majority shareholding, as at being a 3m cap and possibly going lower maybe we will see a takeover when a few more building blocks are in place ! The directors will be powerless probably to fend off any decent bid for the company if the shareholders vote with their feet There must be lots of eyes on the valuable coal assets !!
Nail on the head Krynap...... I have been saying this for ages. Rufus ownes no shares so no interest in share price, just dragging his job out for as many years as possible. Share price will return to 0.02p due to all the placings to pay his wages.
by talking about Investor Evening in more real way. Rufus even forgot to introduce himself. While without projector, he kept mumbling from the booklet, I gave him some water to be able to understand his words. I was fighting the temptation to rise the glass up exclaiming that I changed the water into wine - so as to rise some spirit.
I was sitting close to him, I saw the man (maybe good natured) but hopeless, helpless, without marketing skills, testosteron, without zest for life, but focusing on his seat to last long, until he builds a plant run on coal - but I know that until then, a new technology to produce energy from sand will replace it. The only focus on income was by Placing, why bother with selling coal ... or put his seat at risk that someone else with funds would overshadow his African limelight.
I kept asking herself, why such a weak man came alone to face those Investors cheated out of money. (We invest, may not be successful with gains, but we shouldn't lose our fortunes). If I were him, I would bring another person to seat behind giving some psychological support.
I sold with loss, while watching EDL from time to time my heart is crying for you. Actually, you great loosers are the only investors who kept buying so as to lower your avarage, and so on, and so on.
At the end of Investors evening, I asked what SP would be at the end of project - general laughter - yet it is normal, investors speculate always on this.
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