Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I do wonder whether NvS had any input into that RNS.
I tend to think he will have read it and sighed, shaking his head....
C
Agree GW
"The East Africa / Tanzanian Govt bits are just talk - good as they sound and they are a positive - but the market has had plenty of silver lining in the clouds comments from our BoD before. It's a nice way to temper the disappointment of the first bit of the RNS."
Agree Pi "they are not even promises"
Don't care how you do it, lift one, drop one, but make a market and you might get some buys.
The market is responding as I expected
What the public sees is the -5.01%. You can split hairs if you want by quoting previous figures compared to today, but -5.01% is where it stands right now.
And?
It cost 33.75 to buy just now.
https://constructionreviewonline.com/news/kenya/kenya-ethiopia-interconnector-line-construction-to-be-completed-by-june
“The project is expected to integrate power systems of five countries including Ethiopia, Kenya, Tanzania, Uganda, and Rwanda under the Eastern African Power Pool (EAPP) Master Plan that seeks to take advantage of excess capacity within the network and facilitate the trade of electricity between member countries”
I think Sausage meant “as I hoped for” rather than “as I expected”
It cost to buy last week 34.9999 (when I and Teaye72 added), currently, today it is 34.00
Just -2.90%
Sadly not the crash Sausage needed! lol
Greenwolf they are not even promises they are vague suggestions things will happen.
Esquimo - but look how long the handover has been progressing. I can't recall all the excuses - permits, elections....what is it now?
Delayed handover from September, then October, then November, no handover in February, no specific date mentioned in our latest RNS. It's not really how you inspire the market, whatever we discuss on here.
We were at the equivalent of 50p back at the end of August when we confirmed the final SMA sign off, so I suspect the handover isn't as yet priced in, which should give a nice uplift when it does finally happen. Remember we placed at the equivalent of half of that - 25p.
The East Africa / Tanzanian Govt bits are just talk - good as they sound and they are a positive - but the market has had plenty of silver lining in the clouds comments from our BoD before. It's a nice way to temper the disappointment of the first bit of the RNS.
We just need to start delivering on these continued promises.
I read from that RNS that the handover is in progress and unlike previous vague dates a definite date will be given when everything is in place and the formal handover will take place and ILTL will forge ahead with production and new contracts.
RNS is put of due to february take over, and no more then that.
They have all this coal and were unable to dig it out and process it regardless of orders. Then they were digging in the wrong place so moved. Things improved slightly but we were still unable to satisfy announced orders . When they realised they were crap at it, they agreed to hand over running of the mine to people who would undoubtedly be far better. Now, after six months we are still waiting for them to prove to us that they can even do that right!
Get the transfer done and we will almost certainly see some serious returns here! Seriously, just get it done!
As for dragging back up the power plant possibility, I agree it's always been on the cards and will almost certainly go ahead at some stage. But on the performance of EDL management, that jam is so far in the future it will be mouldy.
You've got to read what's in the RNS not what you want to read in RNS
It's pretty simple to see. My opinion is that the piece in the RNS regarding talking about power generation capacity was added so that the RNS wasn't completely focused on yet another delay.
Basically let's give them a snippet of possibly good news that we're talking to people to upset the bad news that yet again the mine has failed to be handed over and that we're not even stating which month is going to now be handed over.
The market is responding as I expected
I take the delay as bad news :-) if we had some material bad news then not good.
nothing in the RNS is bad news quite the opposite, delay agreed.
If my memory is correct, the original aim for EDL was a Rukwa power plant as well as supplying east Africa coal for power generation so that they became a major supplier. I'm going back to when even SoS was a keen investor in EDL.
Whether that is linked to the current proposals I don't know.
As I have said there's more to this RNS than has been written. Although the handover is a fiasco, the RNS gives more than a hint of where EDL is going, no doubt others will have a different view which they are entitled to. As NvS has stated this is not a 2 to 3 month quick profit share (what a statement) LOL.
Ok so if they agree today to build a CFPS, when do you anticipate Edenville getting paid for the coal. A year or two, once the CFPS is built or sooner??
I absolutely agree it is not the news we (most of us) were waiting for, but apart from that the RNS looks better every time I read it!
Continuing discussions with the Tanzanian Government after New “East African” enquiries re Power Generation Capacity.
We are not talking about local buckets of coal requested by the Sunbawanga Wafipa Fipa tribe, or even local power. East Africa is key imo
Teaye72
Oblivious: “Not aware of or Concerned”
I am sure the Market is very aware, so it appears to be the latter currently. ...
RNS:
“In addition, the Company has received new East African enquiries regarding power generation capacity and is continuing discussions with the Tanzanian Government regarding a future power plant development at Rukwa”
“The Company has received New East African enquiries” (Not Enquiry, but Enquiries) and “Continuing Discussions”
Interesting, I wonder who that could be if not the TGov? and imo can only be related to the $455m Interconnetor/Transmission Line Project and relate to the EAPP’s as the enquiries were about capacity..
aimhopdyor