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It obvious to me that ITIL are staying in the background until Edenville can prove the s h i t actually works, I.e. Edenville pay for as much of the worn out broken tech as possible to get them to 3,000 tonnes a month (over a time period?). Once there, itil will start their chat about handover.
SOAS, Cromwell was both ruthless and successful, ''warts and all''
agree, lot of on known one rns they throw every customers or govt talks in the rns then next follows silence all most fronts...
what the fck happened to the govt talks in Nov ????????
That’s the trouble, until Edenville gives us a warts and all update across everything I listed earlier, it’s all guesswork
ILTL have the right to cancel the agreement at any time, as they have not it would suggest that they are still interested.
EDL would appear to be putting an increased effort into clearing the overburden to make more coal available.
perhaps ILTL need to hit the ground running if they have the customers that they first claimed to have?
Pure guesswork on my part.
RNS 24 June near the end 3000 tons required before they will start whatever theeason
If you had been digging with a spoon you would undoubtedly have been more successful sandal
If I has a shovel and spade would of dug up more over the 10 years! :-)
I have read it and they not much different to other over past 10 yrs lol
expect I see bit of positivity i.e. they actually doing some work this time and digging up some coal makes a change.
Sandal
Are you reading todays RNS???????????
Expect more news with the talks with the govt, good rns today just may be edl can turn it around.
Is Edenville just another lifestyle company?
Year after year (well since January 2017) Edenville suggest potential customers, potential contracts, potential output figures, potential involvement in CFPP, potential acquisition, potential sales, potential handover, potential marketing agreements, potential anything I’ve missed?
And here we sit a month from the end of 2021 selling approx 1,000 tonnes of coal.
Surely 2022 has to be different in some way, doesn’t it????
Only pasted a part of RNS cannot be bothered to get number at present but I assume they do not want to start with a pig in the poke as they say must prove it is viable or no go for them save thier cash in moving in.
Pi - "so now we have a problem"...how long have you been here??!!!
We have endless problems . I'm convinced Alistair needs an agony aunt, not coal sales.
I have seen nothing in the last four plus years to convince me our mining business model works and I think ILTL have potentially seen the same...and I think they will walk unless we can convince them otherwise.
I so want to be wrong, but we keep going round in this great big circle and we seemingly get nowhere. Yet another calendar year slowly coming to a frustrating end.
You may have answered your own question, dilution it would again
Teaye so now we have a problem not much income and we have wages and repairs to pay for, just say we cant use Tonys cash and its tucked up safe.
Do we then have to have another raise to run the company?
How much profit can there be in approximately 1,000 tonnes of coal sold? And last month's profit?
The wages and fuel and fixing a broken digger and and and all need to be paid for. Do you think they have Tony's money in a separate 'Only Tony' bank account?
Not sure Tony would be very happy bankrolling this train unless it was going somewhere... £1m will need to be accounted for.
Can't see the price holding where it is for another month.
My thoughts on the acquisition front. As Edenville are clearly not making enough on sales of coal to cover every cost Edenville incurs, is Tony's money is being used to prop up the company?
Gwynwin, ILTL completed their DD, and were quite happy to take over EDL site with almost no production, which begs the question why are they insisting on production of 3000 tonnes? Their enthusiasm to take over the site appears to have waned.
GW. thats a fair assessment.
But is getting closer to what the RNS said as below.
Big question will we see the New boys starting soon or in the New Year.
The status of the agreement with Infrastructure and Logistics Tanzania Limited ("ILTL"), as announced on 8 June 2020, will be reviewed once production rates at Rukwa exceed 3000 tonnes per month.
Tonno - I actually don't disagree, but we have been waiting on glimmers of hope for way too long. The share price demonstrates what the market thinks.
"The wash plant is now processing material to fulfil requests for coal that have already been made. Management expects production levels to increase over the coming months and are currently targeting production of at least 10,000 tonnes per month by January 2018" - that was 9th October 2017.
It's just one issue after another...and the market is clearly tired of the continued reasons / excuses.
Nonetheless, I feel there are glimmers of hope here.
So they were able to clear 18,690 tonnes of waste, dig up over 4,000 tonnes of ROM, but because the mining excavator broke down (and excavator they mean the thing that digs the coal out the mine) they couldn't load it into the washer crusher processing plant???
Am I missing something? They cleared a huge amount, almost doubled the ROM, but couldn't process the ROM because an excavator broke?? Do they mean a digger with bucket at the front broke down, as when you Google "mining excavator" you get something completely different.
So do they only have one digger, sorry, excavator?
They have had to reconfirm to order, how long will the customer wait?
No talk on CFPP, Tz gov talks or ITIL and hand over nor the acquisition plan, oh and did I mention our digger was broken.
Come on Alistair, it's good that you are now giving us monthly updates and long may it continue, but we need updates on
Production and sales
Tz government talks
CFPP
ITIL
Hand over talks
Acquisition
Another month of silence and back to 22p to form the double bottom
Yawn, more issues. And Alistair is preparing us all for the great weather ahead.
Although if you believe some posters, who have allegedly worked in Rukwa, the rainy season isn't until March.
I agree esquimo - nothing on CPP talks, which would at least give us some visibility of what's going on with regards to that
But then still nothing on where we are meant to be investing that c£2m from May....
A really inspirational RNS as an Xmas present would have been nice Alistair. Here's to 2022 then. GLA