happening is the full year results coming out and in the same rns it will say "jv talks are at an advanced stage"but god only knows if that will start heading us north.Would not surprise me to get them tomorrow !
how Companies's like EDL are allowed to remain listed....share price has decreased over 80% but hardly any meaningful announcement or effort by BOD to arrest the fall....no detail on why the emergency fund were raised at such a huge discount....
If PI's get stitched up as well. The cynic in me thinks the current SP is not an accident so that we can be bought for a song and BOD just get loads of bonuses, jobs and shares with newco. Let's hope I am wrong but I have seen it happen before. Oh and the II's get looked after with placings in the newco etc. All only my opinion of course.
As KIBO look to be in the much stronger position they will get the JV / Partner on board in the very near future as their RNS suggest (which will / has already come with Central Government Approval) for their plans and be a huge deal or so. This looks a stick on to happen IMHO. When, not if.
KIBO, later in 2014 will then allow EDL to ‘reverse’ into KIBO (KIBO have near term previous of doing this with the MEL Acquisition in April 2012 where they got Rukwa in the first place) and offer EDL and ‘’X’’ amount of shares for the EDL to reverse into KIBO. This would seem a good deal at this point for EDL as they don’t have Central Government Support for their plans yet, only a JORC Coal Resource. They are way behind KIBO in their plans.
Then new KIBO (with EDL) Company then have the capability to expand the Rukwa Coal Power Plant (RCPP) all the way up to 1000MW (which they have already publically said the plans being drawn up can handle) up from the current plans of 300-300MW and will control all of the Rukwa Area Coal Fields.
The new KIBO will now have a ‘Super’ Coal Resource to Generate both Power through RCPP and Sell on the Open Market, a duel play for the Coal they posses.
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