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yeah i've held a while, topped up a few times, all before we got bent over the table and rogered senseless with the consolidation and nominal value change i'm now so far under percentage wise there's more chance of me winning the lottery than these useless tw.ats digging us out of this hole, absolute waste of money, so i've basically had to write off this "investment"
I've been expecting things for years, as have others.
We've spent millions and achieved.....what exactly? Nothing in terms of shareholder value. If you're a long term holder and not traded or averaged down, you must be looking at about 5% left of your initial investment. If all my investments did that I'd be living in a tent.
Our business model was built on RCPP as far back as September 2013 (the scoping study). We then got RAFCO on board to look at investment partners, Lahmeyer undertaking the Power Plant Feasibility Study, Sinohydro etc etc.
September 2013 RNS snippet " We will also engage in discussions with TANESCO and other parties regarding a long term power off take agreement."
August 2021 RNS snippet "with discussions with the Tanzanian Government on power station supply options planned for September 2021."
In eight years we've seemingly achieved little towards the RCPP but chase our tails and go round in some very large and expensive circles.
It's the guessing which brings frustration, which brings the dissatisfaction, which brings invested people like me to look back at the past and feel like we've never really moved forward since the excitement of the Scoping Study and the hope for RCPP...eight years ago.
And worst of all, the market sees it.
Only our BoD can change that - jam today RNSs needed Alistair.
I'm hoping/assuming Tony will want an update, even if the rest of us are ignored... ;)
I'm not expecting anything until the week beginning,27/9. Of course news could pop up next week but EDL like to take things to the wire.
There's little point in guessing, whinging and whining as it serves no purpose.
The talks with the TZ gov. contracts, and production updates may be released anytime in the next two weeks
but knowing EDL I shan't hold my breath, the only thing we can guarantee is that they will be released that will be the time to complain or congratulate or the I told you so brigade to jump in.
SoaS - so despondent, and yet it's Friday!!!!
Cheer up!
So the next RNS might contain the following
Edenville can absolutely guarantee 12,000 tonnes a month, but only if Edenville buys an extra washer crusher, ships it half way across the world and spends 3:months tinkering with it.
Edenville have definitely explored acquisition targets but only by Googling them as most of Africa remains on UK red list.
New contracts have definitely been agreed, Edenville just need to find a pen that works to sign them with.
With every possible step forward comes a massive caveat.
There really is now no point posting on here, as such until Edenville publish anything tangible this is my last post on here
I have to believe that TB was privy to something which hasn't been released to the rest of us. EDL's history will have done nothing to help any funding request, so whatever it was must have been good.
Unless the BOD really aren't paying this any attention - which I would hope they are not - there has to be something around the corner. And an RNS is overdue.
I'm not sure what they told Tony Buckingham to part with £1m, but right now without an RNS to confirm facts all we can imagine is that that £1m is going into the BoDs bank accounts as monthly salary.
Surely there must be some positive news that could be shared with the market? Output figures must be known, unless of course, as has historically been the case Edenville haven't been able to increase production.
It just the continual expect, hope, anticipate, possibly, maybe, might be, if it goes to plan, planned for with every RNS. The fact that they keep churning it out suggests that they believe the market is still falling for it, trust me, it's not.
dont know why you waist you time here saus, 10 yrs on inactivity bod are nothing but useless. ITIL take over boasting about only to be pack of lies after lies...
Where have you been since March 2010 Sausage?!!
There is zero confidence in our RNSs - zero. The market is not stupid. I read posts on a few other boards where I have shares on my watch list and some people post things like the market has missed the true value / hasn't woken up to this yet etc.
The market misses nothing and at the moment with us it's, still, all talk and no substance. Until that changes, why would the market see any significant increased value in us?
We've been talking about 10/12000t per month / CFPP for years - and delivered neither.
But the BoD will all get paid...
Every single day this goes on we're looking more and more like an AIM lifestyle company for the Directors. They have to change the market sentiment.
I'd guess that if you look at all the trades back from today to the 6th September, over 90% with be for less than £150 per trade.
You can actually buy at the share price rather than the ask price.
My opinion is that the market / investors just don't believe the jam tomorrow anymore. It's facts we need and the facts given have a negative sub- clause to them.
I've never known a time where there is so little interest in Edenville by the market and such silence from Edenville's BoDs.
Staggering
The longer the wait, the higher the expectation...
.... RNS on Wednesday? Or will they keep silent?