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You are right I don't believe the jam tomorrow statements, how many have been delivered on?
Let's start with the 10,000 tonnes a month shall we??
Hi Bignuts, hopefully you'll be buying an Aston Martin soon! Nice 28% today! Well done.
I can't believe you think some idle chit chat over the water cooler at the AGM was official company news.
Your best mate Rufus fed you a load of flannel and you fell for it hook link and sinker. What else did he tell on the text you shared with each other?
"I was wondering when the tool would show up......" Took the words right out of my mouth.
I was wondering when the tool would show up with his regular villageristic comments !
Now wheres nobi ---last saw him at Tesco.
Sausage - you sure you've ever been invested here? Are you Sumbawanga/larryygrayson/me (!!) in disguise? All tongue in cheek mate - keep taking the tablets. You'll never be right....!!
Sausage
You don't even believe RNS's with your default "jam tomorrow"
Are you really still invested here?
All imo pdyor
Questions were raised for Sally but the replies would not have been official responses released to the market via a RNS, as such I would have treated them such.
Chit chat is chit chat, official RNSs are very different. A company can be held accountable against a RNS, but not against chit chat.
It simple, isn't it?
If it's not in a RNS, do you take it as gospel?
Are you happy for Edenville to release market sensitive information to less than 10 people in a room somewhere in London once a year?
You'll be saying next that the texts you exchanged with Rufus are official Edenville statements??
Sausage
If you genuinely believe that questions answered by the bod at the AGM are idle chit chat and are invalid, why did you make a list for Sally Schofield if the answers you requested you'd consider invalid? And what part of the August 2016 Edenville 'reported statement' don't you understand? or was that statement just chitchat because you choose not to believe it??
All imo pdyor
Unfortunately idle chit chat at AGMs isn't valid, if Edenville aren't prepared to put it in a RNS then it is just chit chat.
Completely agree, it is how Alistair gets Edenville out of the mire that counts
Sausage
No the "would surely suggest" was just so there was a different perspective for you.
As I said, the mine was discussed re small scale local production at the June 2016 AGM.
imo the only thing of any consequence (as always) is what happens next !!
All imho
"would surely suggest"
That's the trouble with Edenville RNSs, would, surely, suggest, always jam tomorrow.
The only thing I will add is that if this is foresight, God help us if they had no plan!!!!! The continual strong suggestions of clients, and before the mine closed we were producing 500 tonnes a month??
From a different perspective, and disregarding what might or might not have been discussed at the June 2016 AGM. The company's statement in August 2016 prompted in response to the tgov embargo announcement saying they were already advancing work streams would surely suggest coal production. Why else would the company be opening work streams at a coal mouth power plant site many years before the power plant would be built?
Sausage
Not everything that happens, or every thought or intention of any company is documented.
I and others were at the AGM on the 3rd June 2016 two months before the announcement of the embargo when the mine was discussed for small scale local production. The company at the time were developing a mine mouth power plant and when news of the embargo in August and the request for coal resources to be brought into commercial production by the Tanzania Government Edenville made the statement saying:
Edenville welcomes the Governments proactive approach to moving projects from exploration to production, and that the company are already advancing work streams alongside discussions with the government authorities.
Going to meetings and speaking to people as I have always done sometimes allows a better understanding of a companies intentions. There is much information that has been added to this board because of questions asked at AGM's that we would never otherwise of known.
In answer to your original post, we did know about the company's intentions to diversify, and were already at the time of the embargo announcement working towards local production.
Just another decision or foresight, me a little off the mark? you decide !
All imo pdyor
"foresight of the bod for becoming a miner"
I've been here long enough, and so have you, we may not have pieces of paper in front of us showing us why the became a coal miner, but 'foresight' didn't happen. The ban came out the blue in August 2016, nowhere prior to that did they talk about opening a mine for commercial sales, reference to any mine was always in conjunction with the power plant.
It was luck, pure and simple, that led to a mine for commercial sales. You are always on the money aerial, but with this one, a little off the mark.
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