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GW. Funny. ;) JZD - the first two words of my post are the giveaway. “It’s good...”
Good is generally a very subjective adjective. One that has no empirical definition but is rooted in the opinion of the person using it. Hence not a statement of fact; the only fact being that I believe “it’s good.”
GreenWolf I'm really not singing anyone praises. Irrespective of what you might think I'm not defending anything or anyone over or above my belief or understanding of what has gone, or is the current situation. You won't change that, so I don't know why you are keeping on?.. It's history imho, and not even relevant.
Aerial - or conversely there are those singing the praises of a CEO that masterminded one heck of a fall in shareholder value. That's why people rightly moan about him - he's been a decent prospector and found coal. He should have then passed it over to someone who knew how to take the operational bits forward. That naivety or stuborness, only he knows which, has cost shareholders dearly. GW
GreenWolf Of course there are other facts, and factors. Like The Tanzanian Government, Horrendous Bureaucracy, Africa time, TANESCO, a Foreign Company in a hostile environment, the cancellation of Edenville's Flagship Project (RCPP), the rainy seasons, labour issues, transport issues, finance issues. Yet they are still here, and still trading, and hopefully they will go into profit some time soon 9 years into their forecast 10 year project.
I'm still amazed that after everything that they have had to overcome, and that has been achieve, that all some are interested in is whining about Sally and Rufus.
You posted :- "It's good to see everyone here apart from the two stooges agreeing with what I have been saying for coming up for two years now. As for the "two" it must be patently obvious to most here now that there is a hidden agenda with them."
so which is the above? a- a view or judgement formed about something, not necessarily based on fact or knowledge. b - a statement of advice by an expert on a professional matter.
aerial - I don't disagree, but there are other facts you have missed off. We are producing revenue, but losing c£100k a month - that is not sustainable. We now have our assets tied to a CLF and debt, we have produced next to sweet FA in coal over the last six months (2.5k tonnes?) and we have an unsustainable business model that is meant to be break even by June 2020, or is it end of 2020 or was it 2018 etc etc. We have seen rises in share prices on a number of occasions now post placing / investments - you read what you want into that, but as I said last week - invest at 0.04 and sell out at 0.05 gives a very quick and healthy 25% return. Look what some people must have made on the rise from 0.02 to 0.12? You're facts don't need defending as they are true, as are mine. GW
My opinion is unchanged, as we are at this point with a working revenue producing coal mine!
Virtually everyone on this board over the years has been party to the view that "They won't even get a prospecting licence" but they did "They will never find coal" they did "They will never get a Mining licence" they did "They've got a licence, but they will never get it out of the ground" they have "They will never get the machinery to Tanzania" they did "They will never get contracts" they have, and even with the cancellation of the RCPP they didn't collapse, they did raise money, the last one out didn't have to turn the light off and, they are still trading!!
I never saw this horse being born but I was around during its juvenile years.Its dam was a sprinter and the stallion was a stayer, so after due diligence, many talks with other shareholders and the stable lad I bought myself a stake in the horse. This horse progressed as a mid tier sprinter not winning much prize money as it always was beset by something or other ! It did win a race, but only on a disqualification. I can still hear some shareholders moaning about the trainer. The trainer was good one but we shareholders decided to move the horse to a National Hunt stable to see if it would be better over jumps and a longer distance. The new trainer said he could take the horse to a new level and he congratulated the previous trainer for getting the horse this far! The horse and its shareholders have a new challenge---seeing if the new trainer can deliver the next level and the anticipated prize money! Not everything is a sprint !
LG - did I at any point use the word "statement", seems to me to your reply is a miss mash of, I do not know. You use random words to try and put a sentence together to reply. Well that seems to have hot a bum note this time.
It's good to see everyone here apart from the two stooges agreeing with what I have been saying for coming up for two years now. As for the "two" it must be patently obvious to most here now that there is a hidden agenda with them.
bigeye - that's nonsense - that's nothing but a binary outcome - win or lose. You invest in shares to get a return and you invest based upon the company information, made public by the responsible body - the Board of Directors which was headed up by Rufus. I still don't get the defending of Rufus - as a CEO he failed miserably in returning any shareholder value and the share price tells us that.
Aerial, I put money on a horse running at Kelso and it didnt win------- I blame the jockey, the trainer, the owner, the going, the weather and the candlestick maker ! oh and the bookie, but it was'nt ma fault. I made that up but you get ma drift!
Bigeye - " continually lower the sentiment towards Edl" - we've had that discussion many times before. Investors dont invest on sentiments, they invest on facts and fundamentals. All the hot air in the world on this board has no bearing on our P&L and the share price. Rufus was in charge, the share price has been decimated under his stewardship - who else is to blame? CEOs and high paid people in private companies are measured on their success around share prices and profits. That's why he's gone.