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I suppose ,whatever will be ,will be .!!!
"What, I'm a lumberjack"? lol
I simply invested because of the amount of coal and the intention of mining it at a profit ! I'm not in any hurry (just as well) and am content to let it run. I'm only interested in the end game, but if it fails Que Sera Sera, because at least I can have another go to recoup the losses.
Your first paragraph is so true and am always wondering why? To those and you all know who you are--------queue a Monty Python song!!!
Most invested do not frequent this board, and it has become clear that a few of the ones that do have no interest other than to disrupt by discord. I understand all the criticism, and agree with a lot of it, but don't understand the mentality of posters that want the company to fail?.
I have been investing since circa 1980 and have had one substantial £39,000 loss. The share (OXB) crashed and bounced,....my error was setting a Stop. My point is that I don't go back to that board whining about the company and trying to tear it apart.
I spent many years communicating with Edenville, checking the Tanzanian Cadastre, sending e-mails to the TGov/MEM and speaking to Ministers, and posting that information. That information has now ceased because of where we currently are. There is nothing that the Tanzanian Government can tell us as the Company is a Producing Coal Miner (soon to be International Exporter). We know as much as is available currently from the recent RNS, and no amount of dissection will change that.
Never forgetting the Tanzania-Zambia Transmission Interconnector Project/EAPP which Edenville and Kibo (Kibo as late as two days ago) are still hopeful of being party to.
The Tanzanian Government moved the goalposts, and the CPP that I invested in changed. Sadly you can't research the future. It is only because of the bods foresight that we have a revenue stream at all.
Imho news of the TZTIP/EAPP in relation to Edenville and/or Kibo will send their respective SP through the roof.
I live in hope!
Pdyor
aerial - I wouldn't quite say worry. It's years of experience losing money and learning to trade that gets you to a point where you start to really understand the subtle signs you never even noticed before. Then you start to make that money back and more and perhaps become a little over protective of your children's inheritance. You're right about putting it into perspective. I've also not managed to make it through 2019 without personal issues, so will share that comment wholeheartedly. But as far as investing in shares goes, i'm more of a realist than an optimist now but that is through experience of a number of AIM disasters. Have a good weekend. A beer or two beckons. GW
GreenWolf - With the greatest respect, you worry too much!
You will sell out, but if we suddenly arrive at my average I will almost definitely place a Stop and sit on it. Offer me my average today and I'll take it. I'm really not interested in the risk or I wouldn't be here. I have added and put aside another 10m for the grandkids in the last weeks, so that can sit there for years if necessary. I am an optimist if you hadn't noticed, and I genuinely believe that 'what will be will be', and there is absolutely no point in digging holes and worrying about it. If it goes tits up I've lost my money. (I won't be pleased).
My younger sister died in April this year, diagnosed and dead in 4 weeks (no response necessary).
Look around, it really is ONLY money !!
Same here and on my london stock exchange feed - 6 trades
JohnZ
I can see the same as you?..
Aerial - How many shares is the missing trade? 7 trades only 6 shown????
aerial - I've said several times why I am still here as I am trying to get back to my average, as are you. The potential difference is I will sell out if I get there. The very important point in my post is around the exposure of big investors. AIM is hugely risky and you don't dump loads of money into high risk ventures and stay rich for long. You cover the risk. April's 0.02 to, what was it, 0.12ish, said an awful lot about what is going on in the background. I've seen it too many times on AIM and it allows savvy investors to seriously lower their risk profile. Why? Because you would never get them to buy in otherwise. Rich people don't buy the dream like us PIs - they offset risk. EDL is now very high risk for PIs - the P&L tells you that. GW
GreenWolf
I’m surprised you are still invested here if that is your view
aerial - I don't disagree with those sentiments, but never be fooled on an AIM share around the exposure of the bigger investors. I've said before that there was a huge trading volume in April when we shot up from 0.02 and anyone holding shares at 0.02 would definitely have traded. Furthermore many others would have bought in and sold (I did and seriously recovered my average) and I do genuinely suspect that there are a fair few who are very much on a free ride here. Lind of course have our assets secured against their debt. The significant issue is Alistair may have been brought in too late. CLF, debt mounting, production still failing - that doesn't take five minutes to sort out and as Sausage reiterated earlier, we are burning through some serious cash. I also agree with your statement around the financing - but our track record since starting production over two years ago in terms of margin isn't particularly attractive and that tends to suggest that it's not likely to be a hugely attractive deal for PIs. Genuinely GLA.
and in that regard absolutely nothing has changed.
The bod and their partners have a very great deal of share, and I have no doubt that every single one of those people have considered what their total holding will be worth if the SP reaches x amount. Consequently I think it's reasonable to assume that they want the company to succeed as much as the invested, and in most cases they have very much more to lose if they fail.
The new CEO will have a fresh prospective, as I doubt he had even heard of the company for most of the years that we have been invested and gritting out teeth.
My feeling is it's also reasonable to assume that he (Alistair) has been brought in to finally kick this company into touch!
Finance news will move this again, one way or the other.
All imo pdyor