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I do wonder whether NvS had any input into that RNS.
I tend to think he will have read it and sighed, shaking his head....
Agree GW
"The East Africa / Tanzanian Govt bits are just talk - good as they sound and they are a positive - but the market has had plenty of silver lining in the clouds comments from our BoD before. It's a nice way to temper the disappointment of the first bit of the RNS."
Agree Pi "they are not even promises"
Greenwolf they are not even promises they are vague suggestions things will happen.
Esquimo - but look how long the handover has been progressing. I can't recall all the excuses - permits, elections....what is it now?
Delayed handover from September, then October, then November, no handover in February, no specific date mentioned in our latest RNS. It's not really how you inspire the market, whatever we discuss on here.
We were at the equivalent of 50p back at the end of August when we confirmed the final SMA sign off, so I suspect the handover isn't as yet priced in, which should give a nice uplift when it does finally happen. Remember we placed at the equivalent of half of that - 25p.
The East Africa / Tanzanian Govt bits are just talk - good as they sound and they are a positive - but the market has had plenty of silver lining in the clouds comments from our BoD before. It's a nice way to temper the disappointment of the first bit of the RNS.
We just need to start delivering on these continued promises.
I read from that RNS that the handover is in progress and unlike previous vague dates a definite date will be given when everything is in place and the formal handover will take place and ILTL will forge ahead with production and new contracts.
RNS is put of due to february take over, and no more then that.
You've got to read what's in the RNS not what you want to read in RNS
It's pretty simple to see. My opinion is that the piece in the RNS regarding talking about power generation capacity was added so that the RNS wasn't completely focused on yet another delay.
Basically let's give them a snippet of possibly good news that we're talking to people to upset the bad news that yet again the mine has failed to be handed over and that we're not even stating which month is going to now be handed over.
The market is responding as I expected