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Yes Aerial a full Gable end missing.
?Magufuli? is off his trolley!
At a Sunday service Magufuli said: "The virus is "Satanic" and therefore cannot thrive in churches"
And people are blaming Edenville for the situation they find themselves in !!
esquimo
The questions to Rufus were based on the fact that I thought he
had left the company. We now know why he couldn't answer them..
Aerial and GW, both opinions are valid, GW's logic is correct, Aerials assessment is also correct. I have to agree with Aerials reasoning, although the questions that he asked would be interesting but that is his business! The lack of answers is no surprise.
I can see the £300k being used when production restarts as there is no way they can mine without the reddies.
I wonder if Magufuli will realise his mistake with Rufigi in the next year or so as that will be the Albatross around his neck.
The CPP was the cheapest quickest and most obvious way forward we shall see .
Nothing to do but wait and see how this all turns out, no real sell off but there's time yet I suppose, mind production will need to be a little bit better, just a tad, LOL, GL all.
Teaye72
Yes, I spoke to Rufus 12 days ago mistakenly thinking he had already left, but that wasn't the case and my questions remain unanswered.
I think you are missing the point. The model was destroyed by the Tanzanian Government and if it wasn't for the foresight of the bod it's doubtful that they wouldn't have survived. The model was the RCPP, it's not the past it's a fact. No need for a reply!!
All imo pdyor
Is anyone in correspondence with AM?
T
aerial - but the RCPP hasn't proceeded and therefore there are huge question marks over the commercial model now. We can't live on the past. The company is surviving on debt - we're losing money operationally and not only owe c£0.5m to Lind but are looking at another £300k loan etc - all the P&L figures and RNSs tell us that. We raised £700k in January and in 10weeks we have £60k left. There is no evidence to suggest we can actually get to breakeven because we don't appear to be able to get anywhere near the tonnage we need with the existing plant - the whole of 2019 was a litany of excuses as to why we couldn't manage it, including the belter of them all which was the blame over the Open Offer. Alistair keeps talking about our order book - if we can't mine the stuff efficiently enough to make a profit, we can't pay off our mounting debt. I just have no confidence in the business model - and the share price tends to suggest that the market agrees. GLA
There are clearly many issues, mostly of which are a direct consequence of the actions of the Tanzanian Government. This would be a very different share now if the RCPP had proceeded. Edenville was formed to become a supplier of electricity not a commercial supplier of coal.
Edenville got to this point against all the odds, and with absolutely everything stacked against them, and if it had not been for the absolute foresight of the bod we would have no mine, no prospects, and possibly would not be trading by now.
It's clear that the company is basically surviving, but at the same time we are led to believe that they are not that far from breaking-even.
Hopefully they can reach that point as the season changes and the current restrictions are removed.
GW - in the RNS it says "as well as the payment of certain local and international creditors"
Unfortunately we do not know exactly how much this is...
aerial - perhaps through the mist of trying to educate me in the wonders of our English language, you might find the phrase "sense of humour". Or perhaps not. Like you say, I'm free to interpret it how I like. That aside, I'd really like to know from our esteemed Board of Directors where £640k of our January placing money has gone in a little over 10 weeks...…..that's clearly a very big issue.
Sausage
I agree there are clearly issues, but my post wasn't about Edenville it was about everyone using the virus as an excuse. Companies will be laying people off, cutting wages etc etc etc, and they'll say it's all down to the Pandemic !!
GW
'Everyone' is a pronoun meaning 'Every Person'. I don't understand what part of 'everyone' that you don't understand?.. I posted the same observation on the Kibo bb at 12:18, but you are free to interpret as you wish !!
Lol - surely if it's posted on the Edenville message board it relates to this share. I see you wavering, aerial.....
I guess it will depend on whether perceive Edenville to have a problem or not. I know my views on that.
My 12:24 Post was General (hence the word 'Everyone'), but feel free to interpret to suit !!
Haha oh I see, and yes dire RNS
Sausage - I was referring to aerial's unabated support for the strengths of our company and BoD!!! Let's face it, that's a dire RNS this morning. No other word for it.
GW, I would doubt it but you never know.
In what way can any of this been seen as the worm turning?
aerial - is the worm turning, perhaps??!!
Everyone with a problem will use the virus as an excuse !
It's yet another get out of jail bonus which deflects the blame !!
All imo pdyor