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esquimo
Just checked and Bigboffer is over at BLOE not BOIL as is said.
esquimo
I was watching something recently after the G7 with regard to Chinese world domination by stealth and it made your point exactly. We know that the Chinese have lost much world influence over recent years, but it’s doubtful they’ll disappear completely as that’s what they do. The Chinese were possibly needed financially for the larger project like the CFPP, but as we don’t yet know the score moving forward it’s not possible to make any informed judgments, or really even speculate.
Bigboffer who I believe is no longer in EDL or Kibo is occasionally over at BOIL
Another week closer!
Re trust/confidence in Africa as a whole will take some building if it can ever be achieved.
China was suspected of a latent form of colonialism through debt and trade dependency plus immigration.
They do not appear to be as free with their loans but also they are getting less dependant on African resources as their belt and road initiative is opening up more and more countries for them to exploit.
Whether that is the reason for the lack of information re Chinese interest in Kibo and EDL I don't know.
There has been no mention of 2nd BFS for EDL, I know Magufuli stopped the project but I do wonder if the Chinese have withdrawn completely.
100m MCAP I look forward to that.
If that did happen I could see Big Boffer saying "I told you so"
Let's see if we can get those results this week.
Teaye72
The only AIM’s I hold currently are EDL, Kibo, which I sold 2/3 of my holding in early April’s spike of which the proceeds I intend to buy back in with are sitting at ii. The others are LSAI and HE1. HE1 is pure profit as I withdrew my capital some weeks back.
Aerial - did you ditch ARCM?
T
esquimo
I think you are correct, but the Africa Time corruption third world cynic in me wonders how many years it will take to change attitudes and rebuild confidence in Tanzania.
A single example (below) of why third world countries fail so dismally is largely because of Ineducation (yes that is a word) and consequently an ignorant population allowing corruption,greed and misappropriation to be the norm.
e.g. Filipe Nyusiof President a poverty-stricken Mozambique’s which receives millions from British taxpayers has recently splashed out £7million on a private jet, and there are hundreds of other examples… It’s no wonder confidence needs rebuilding.
From an investment point of view, as I’ve said many times before I have had the Africa kicked out of me and my only interest is the success of Edenville for me and all the long suffering, sadly there is nothing anybody can do easily about Africa, but I have no doubt the first world countries will continue to throw money at it.
aimhopdyor
Aerial yep you are right until they inform the markets we do not know EDL's intentions, the reason I posted on the World Bank was to demonstrate how a change in the presidency has affected attitudes and, trust in Tanzania. How we benefit we, with luck, may find out with the next news release.
esquimo
Good post yesterday, shame it got removed!
So much promised yet the company still refuse to update the market. I don’t understand the mentality that is intent on keeping its investors in the dark. If we believe what has been written, and there’s no reason not to imo, why not RNS something, anything? What is the point/purpose of suppressing the share price. Why don’t we have any PR, why is the company not promoting its intentions and plans for the future.
At ground level the monies you mention will doubtfully have any affect on Edenville in the near term, but the Interconnector (as was RNS’ed causing the largest of sp rises ever at the time) is all part of what they envisaged. Although they still show on their website that their long term view is to fully monetise the Rukwa coal deposit via development of a mine mouth coal-to-power project providing electricity to the Tanzanian grid system, from what has been said most recently it would appear that might not be the case, at least not if their current plans materialise. Will they be selling the CPP model as are Kibo hopefully giving something back to its shareholders or will they maintain an interest in the CTPP.
Whatever the case coal is the key!
Mrs Mara Warwick, country director for the world Bank, has met with President Samia this week and assured her that the $4.9b plus the $290m loan newly approved for Zanzibar is there for infrastructure completion in Zanzibar and mega projects in Tanzania.
Previous donors had withheld funds due to Magufuli's
Human rights violations.
It would seem that president Samia is successfully changing the running of the country.
I hope the spread of C19 variants does not stop her efforts to implement a vaccination program.