Edenville Share Chat (EDL)

bE lol

Sausage
You're welcome to your opinion (if a little aggressive). My opinion has never change with regards to the facts as I see them, and I have posted the same many times. My opinion may be wrong, but not bull**** as you suggest, as bull**** would be intentional and unlike some I have no reason, need or desire to mislead.

As I remember the embargo had absolutely no effect at the time other than seeming like a bit of good news, and we were still working towards the RCPP.

I don't think (but don't know for sure) that they became a coal miner solely, if at all because of the embargo, or that the dates even coincide especially with the way the tgov work they could have lifted the restriction the next day!, which alone is no basis to build a coal mine.

I also don't think they planned to become a coal miner with knowledge of the embargo, how could they. That's why I consider this was a plan B due to foresight, or maybe a deeper understanding of the ways of third world governments or even a company being proactive,..who knows, or now even cares..

I genuinely don't understand why you are so angry, it's your investment and your problem! and from memory you have never done anything about your concerns other than to moan on this bb and make lists for others to present to the bod. I even offered to pay your train fare to an AGM some years back, but you couldn't even be bothered to make the effort, but suppose you consider that bull**** as well !!

All imo pdyor

Square Go?

Aerial

"Over the years lots of progress has been made, and credit should be given to the foresight of the bod for becoming a miner before anyone had an inkling of the cancellation of the mining tenders by the Tanzanian government that caused the demise of their RCPP."

Aerial, that's bull****, you know as we all do, there was no foresight, it fell in Rufus's lap when Tanzania banned the import of coal, at that point they decided to open a mine. It's total hogwash to even suggest anything different, unless you are suggesting Rufus knew the coal import ban was coming and hence planned in the knowledge of this???

I've just reread the last four RNS's, and it appears that the mine and plant are in good shape after the implemented upgrades, and operations should be ready to proceed as soon as (in their words) is practicable.

The cash situation is concerning, and looks like they might need the potential strategic investor.

Over the years lots of progress has been made, and credit should be given to the foresight of the bod for becoming a miner before anyone had an inkling of the cancellation of the mining tenders by the Tanzanian government that caused the demise of their RCPP. Look at the mess over at Kibo after circa (I think) $43m invested and nothing produced to-date except words !

We know through our own experience in Tanzania that everything is subject to change, and we shouldn't lose sight of the colossal World Bank funded $455m backbone Interconnector, TAZA, EAPP and the E&SAPG's that are still progressing and that Edenville's mine, and 173 million tonnes of proven coal is strategically (coincidentally?) located at the termination point of this huge African project.

It's not surprising that the company has never quite managed to get its toe over the line with hurdle after hurdle and the Pandemic brick-wall that has flatlined us since the 1st of May 2020. Hopefully they are now, at last, better placed than ever before to step over that line !!

All imo pdyor

Its a bank holiday dude

Is LSE working correctly as there are NO risers nor fallers?

bE Clearly a wise man !!

Same to all----I'm staying at home.

Good weekends, all...!
T

...

Hopefully not too much longer before mining resumes !!

Apologies if posted previously:
https://uk.finance.yahoo.com/news/african-nation-t-energy-industry-190000189.html

Run out of cash Again

I would suggest that a wise man under the current circumstances, and irrespective of the country that he might be in would lock-down and self-isolate!,...and more so if in a country of 56 million people where the President says Jesus will save you !! Surely it would be irresponsible to be anything other than shut down until such time as it's safe to reopen!

All imo pdyor

I think we have the poor infrastructure destroyed by rain to address first. I do wish AM wouldn't agree to put things like that in press statements. A number of us made the point about Covid-19 being used as an excuse - so what is the excuse now?

They will announce when open again, no announcement, so they are closed in a country that isn't lockdown

Sausage
I refer you to 7/4 RNS::
"We believe the steps taken now should enable us to return to mining as soon as practicable. The order book for our coal remains healthy and we have seen consistent demand given our primary market is currently regional industrial players, meaning Rukwa's location gives it cost advantages over certain other operations.

"I look forward to updating the market as and when we return to mining, along with any developments with respect to our potential strategic investor."

That is the last and somewhat positive news,....in fact I think it was the last news.

Everything else imo is pure conjecture !!

https://www.africanews.com/amp/2020/05/20/god-will-help-us-tanzania-president-rejects-virus-lockdown/“There is not going to be any such thing as lockdown in Tanzania, God will help us. We need to work hard, once the other East Africans are done with their lockdown, they will come to us, and we shall still help them with food, we will not against discriminate them.”So the President keep saying no lockdown, so why haven't we heard that the mine open. Has it shut for good? No money after paying salaries for Alistair and Rufus?

Am currently in email correspondence with Link Asset Services to gain access to their website... have explained why... let's see if there's any more information behind the door... I don't have an IVC (any ideas?) so couldn't get past the registration.
T

Seem pi's on the Kibo bb have rattled the bod and are hopefully on track to defeating the bods arrogant lifestyle proposals in the upcoming EGM. If they (we) manage to defeat the Kibo bod the AGM will result in a culling of dead wood !!

All imo pdyor

An astute observation JohnZ :))

Not a lot going on with this share????

*noT.
Positive thoughts...

Sausage, LSA offers loads of corporate services. Let’s no assume the worst... yet.