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They could have also said, we expect to hand over in the next 1, 2 ,whatever weeks or that they expect to hand over in March. But they did didn't.
You've got to go with what's on the page, not what you hope to read on the page.
Does make me chuckle. Good luck all.
The point is if it was material they would have said talks on handover are off...but they haven't its only a few days after February so in my mind could come at anytime now.
And once again why would RAB Capital come on board if they thought it wouldn't happen? they are no mugs
Oh God!
Bullish - but it is material news, hence the RNS.
Talks are ongoing - great - but where's the action? What's the delay now?
They should have handed over on 1 September...six months ago. That's potentially cost us over half a million pounds.
Green ..the point is if they had material news to announce then they would have done so ..talks are therefore ongoing re the handover which is good news in my book
And for me the fact that RAB are onboard is a big plus they wouldn't have done that unless they thought it was going to happen either.
Bullish - they should have handed over in September....it's been delayed at least twice already. Oh, and again today.
Whilst we continue outside of handover, we're losing over £100k per month in operating losses.
How is it not "bad news"?
Rab would not have invested or put their name to this stock unless they were confident enough that it will make them money either
If it was bad news they would have had to inform us as it would be material, therefore talks must be continuing .
I take the delay as bad news :-) if we had some material bad news then not good.
nothing in the RNS is bad news quite the opposite, delay agreed.
If my memory is correct, the original aim for EDL was a Rukwa power plant as well as supplying east Africa coal for power generation so that they became a major supplier. I'm going back to when even SoS was a keen investor in EDL.
Whether that is linked to the current proposals I don't know.
As I have said there's more to this RNS than has been written. Although the handover is a fiasco, the RNS gives more than a hint of where EDL is going, no doubt others will have a different view which they are entitled to. As NvS has stated this is not a 2 to 3 month quick profit share (what a statement) LOL.
Ok so if they agree today to build a CFPS, when do you anticipate Edenville getting paid for the coal. A year or two, once the CFPS is built or sooner??
I absolutely agree it is not the news we (most of us) were waiting for, but apart from that the RNS looks better every time I read it!
Continuing discussions with the Tanzanian Government after New “East African” enquiries re Power Generation Capacity.
We are not talking about local buckets of coal requested by the Sunbawanga Wafipa Fipa tribe, or even local power. East Africa is key imo
Teaye72
Oblivious: “Not aware of or Concerned”
I am sure the Market is very aware, so it appears to be the latter currently. ...
RNS:
“In addition, the Company has received new East African enquiries regarding power generation capacity and is continuing discussions with the Tanzanian Government regarding a future power plant development at Rukwa”
“The Company has received New East African enquiries” (Not Enquiry, but Enquiries) and “Continuing Discussions”
Interesting, I wonder who that could be if not the TGov? and imo can only be related to the $455m Interconnetor/Transmission Line Project and relate to the EAPP’s as the enquiries were about capacity..
aimhopdyor
BigEye
Doubt Sausage will need an uplift today, as he will draw negatives out of this for months, in fact probably forever lol
08:20 and just two trades and we have been blue since open?...
Not Company Update or Letter to Shareholders, Not Mining or Progress Update, but Tanzania Update.
Edenville are a Foreign Miner working in Tanzania. This RNS imo was about the Country and not the Company. ...
Even so as Teaye72 said very bland!