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Uncomfortable with you lol
Aerial - you have naff all idea about me and it almost seems to be why you are so uncomfortable with me.
You also resist the idea of learning from people who you've decided you can't trust, which distorts your view of reality sometimes. We should all embrace each other's knowledge.
You're so preoccupied with putting certain posters down, like me, that you aimlessly argue against facts. That's not a good trait, but I'm not going to preach to the converted.
And I'm comfortable you having little idea who I am, because I would trust you (or anyone on an open public forum) with that information almost as much as you trust me.
Bet your up the pub with the boys watching the footy! and there’s me having been lead to believe you were more pimms and croquet, clearly bit of a keyboard warrior though :)
John Z - I vaguely recollect there was something in the agreement about level of overburden, so I reckon we won't get info on our margin / commission until we have a few months under our belt with IlTl.
But it's a key figure.
Just need to wait a bit longer (!!) - I'm hopeful we might get something bolted into the Interims.
Love it - you make yourself look a d**k on Monday about having zero knowledge about Sumbawanga's weather (how long have you been invested?!) and then dispute the facts. Your library must be rubbish.
I daren't chat to Sausage because you'll then accuse me of turning him against you....another classic.
You're a prize numpty when you're like this.
won't even tell investors their gross commission margin per tonne.
I may be they want to keep it a secret as it may be different depending on what price they agree for the coal.
Also it could depend on the coal grade
Disrupting the fact lol
My research is wrong, yours is correct
I’ve accused AM of fudging pmsl
I’m deluded! Is that an attack on my mental health? Is deluded worse than stupid??
There you go Sausage whom has me on filter has just popped up. Go chat with him you’re well matched!
It's the profit thing that makes me chuckle
I filter him, but sounds like he's back to his old tricks.
Aerial - why are you disputing facts? Yes, I am more knowledgeable than you on some things and you are more knowledgeable than me on some things, but why are you so quick to have to argue the facts when somebody knows more than you do?
Your posts about the climate around Sumbawanga were garbage - you know it, you could look it up on Google and know you're wrong, yet you still argue the point?! It's the same on here today about profit, again.
You've now accused AM of potentially fudging his RNS statement - it truly beggars belief.
You're deluded sometimes - just admit you're wrong about the weather, apologise for the stupid responses to my posts (only you know why you did it) and saying AM had made a mistake in his RNS and we'll move on.
*If I were selective (which I’m not) about which of Alistair Muir statements I believe, imo it’s more likely he would use the weather as a fudge, as it would be foolhardy to lie or mislead about Profit..
GW
You’re clearly more knowledgeable than me, why you are invested here is truly beyond me!
Oh, your weather link: Disclaimer
The information on this site is provided as is, without any assurances as to its accuracy or suitability for any purpose. Weather data is prone to errors, outages, and other defects. We assume no responsibility for any decisions made on the basis of the content presented on this site.
Mine information came from the Tanzania met office, but it’s of little concern, at least to me.
Still don’t understand why you believe AM’s statement about the weather but not his statement about the Profit?
Rhetorical, please don’t reply as you only want an argument, best you debate with sausage he thrives on your negativity. :))
Oh the never going to break-even was a Norrab comment. You shouldn’t worry, it’s not all about you!
aerial - and your point? I changed my tune very close to when we got caught up in the CLF - check my post history. That's what changed my view somewhat.
I'm a realist aerial - I see the facts and that drives my sentiment towards all the shares I own. Those facts can change and they have here.
Becoming an active mining company as opposed to being a prospector changes the landscape of Edenville massively - and we've never been able to make it work. Perhaps my proper understanding of what our accounts mean puts a different perspective on things for me. You clearly have a narrow view of what the word "profit" means for an operating company.
That's your prerogative - but it's wrong.
And where exactly are the facts that we are breaking even? Nowhere.
We're in a much better position now but we've still a way to go. Perhaps accept that fact - even AM has talked about what we need to demonstrate to the market. I suppose you haven't even listened to that podcast.
You show utter contempt for people on here sometimes - demonstrated quite succinctly by your posting on Monday around the weather - five posts in 15 minutes taking the **** out of my post.....and your facts were completely and utterly wrong. You even said AM made a mistake
And not even a whiff of an apology - that sums you up I'm afraid – you’re never wrong. Did you actually click on my link?
I’ll post it again so everyone can see what a fool you made with those five posts - you might want to understand first how big a country Tanzania actually is and where it is in the World - and you think it's covered by one climatic zone?!
https://weatherspark.com/y/96844/Average-Weather-in-Sumbawanga-Tanzania-Year-Round
GreenWolf
What is it about the word profit that you don’t understand?.. You are just another naysayer that interestingly use to agree with my every post,....I still hold, I haven’t changed my position in a decade, clearly that can’t be said of you!
Talking of naysayers and Profit
Who said this: "We are not going to break-even"
Harry has never really grasped accounting principles, I doubt whether he could run a sweet shop never mind a coal mine.
Net profit is the only valuable indicator here and the company won't even tell investors their gross commission margin per tonne. So what chance do LTH's have??
Trading the dips is the only way.....or invest in Food.!
aerial - I'm not sure why we keep going over this. The difference between gross and net is fundamental to understanding a company's P&L.
The annual report is 100% clear in my view and is no different to what AM has already said in previous RNSs:
"These agreements ensure that operational costs will now be borne by the strategic partner and that the partner will purchase a minimum of 3,000 tonnes of washed coal per month, at a healthy profit margin to the Group."
It even uses the word operational - this is gross profit - it is about cost of sales vs revenue.
Yes, we will make a gross profit on every tonne of coal that is sold via a commission payment - but that is not our net profit for the company as a whole.
It's been explained in numerous posts today, John Z and myself included - we will make a profit (gross) on every tonne of coal we sell. Nowhere does it say that level of gross profit will be enough to cover our admin expenses and therefore realise a net profit for the company.
And that is what will move our share price onwards, as per AM's comments in the podcast.
Perhaps embrace the fact that plenty of people on here are actually knowledgeable in what they are talking about as opposed to looking for a quick pop at someone. How many times did you post about the weather in response to my post and talking about your so called facts, that were wrong – you even said AM had made a mistake - five times in 15minutes?
I was sharing facts and you took a pretty low swipe at me. What was the point of that?
We're here to share that knowledge aren't we?
Profit
noun
1. a financial gain..
No a loss, a financial gain!
How much, we’ll probably find out in 2021, but I wouldn’t count on it
pi
Thanks for that, and I get your point, but 1p pt would be counterproductive :)
So Alistair Muir the Edenville CEO said in a RNS “in Profit from the first tonne mined” (hope that’s correct)..
So the naysayers and jam tomorrow mob still don’t believe what AM said as was written in the RNS! Interesting that they believe him about the (negative) bad weather, but not about the (positive) profit?. Lol
esquimo yes it will be more but i was getting at the fact a penny would be profit
PIE, the statement said a healthy profit????? a penny?
Aerial, yep that was stated but again I assumed he was talking of per tonne although it is open to interpretation.
Whatever, each tonne means an increase in profits whatever your view and they are talking well in excess of the original targets in 2017, looking good to me!
Aerial yes from the first ton mined its a profit but how much? they could be getting a penny a ton as that is still a profit for doing nothing..I dont understand why they dont tell us how much a ton we will be getting.
esquimo
I agree, and the biggest problem has always been the lack of communications. I don’t understand why AIM companies choose not to keep the market fully informed, so not unique to Edenville.
Wasn’t it in a RNS about being in profit from the first tonne mined, or words to that effect?.
I don't think AM has misled anyone with his RNS's although, I would have appreciated a bit more info on production.
The reference to profit I assume is per tonne, without volume we are just guessing the figures.
I can wait a few more weeks for the interims to clear that little matter of tonnage and customers.
It's a pity that some seize any opportunity to have a go, specifically the nonsense over ILTL taking over the mine, it's there in the RNS with the date, nothing has been rescinded.