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So we might not know output figures until the end of October then.
No, there is still up to a month's extension under the Covid flexible approach to AIM Rule 18, but it has to be RNS'd if they agree an extension. In theory they could do that anytime up to the end of the month.
Looks like LSE has found a 50p for the meter, site is back up
Do Edenville legally have to publish their interims by the end of September?
Teaye72 check your Twitter.
Probably on holiday…
Aerial hasn't posted on any lse board since 27th Aug 2021.
Very true Dawto, he was certainly well manipulated by the bod, hopefully the other Lemmings will realise before they reach the cliff edge.......
Norrab1, if he has disappeared down the proverbial rabbit hole, it may not necessarily be a good thing; could it be that the puppet masters have decided they have come to the end of the road and so have no more need of rampers?
Well it looks like Harry Aerial has finally seen the light and bailed out.
The BB is now a more harmonious place, without the constant commentary on the sp and incessant ramping...
Well, PIs have been waiting for almost four years since October 2017 for those aspirational production figures.....
I imagine their salaries get paid on time.
The only thing they get done on time is a cash raise, I wonder how much longer the big investors are going to be happy with this lack of production.
Until we get to 3,000 tonnes of output, over what time period they don't tell us, there is no handover conversation let alone a handover.
They are implicitly telling us it is not close when they state they don't expect to get to 3,000 for a few months.
Although tomorrow never comes...
The risk of course is we mess around for yet another year and simply burn cash. There's still a lot of noise and talk in our RNSs.
"For the next month the Company expects to sell a total of approximately 2,000 tonnes of washed coal, with sales increasing towards 3,000 tonnes a month over the next few months, without including any additional orders"
And then it's the rainy season.
Not even a mention of ILTL in the August RNS - is that deal dead?
Just to point out that between expecting to have output at 12,500 tonnes a month, 12 months ago, the BoD have worked really hard to get us down to expecting to sell 2,000 tonnes a month now, whilst taking a year's worth of salary.
Well done the BoD reducing your expectations from 12,500 to 2,000 must have taken some effort to achieve.
Tomorrow is always a day away….
26th Aug 2020
"- EITL, MarTek and ILTL have agreed to focus on maximising production from Rukwa with a target of increasing capacity in the near term to circa 12,500 tonnes per month."
24th Aug 2021
"For the next month the Company expects to sell a total of approximately 2,000 tonnes of washed coal,"
So many suggestions, so little coal delivered.
Let's see what tomorrow brings.
Yes sorry 551 miles by plane, still a lot closer than the other two mines.
3.14, the distance from Sumbawanga to Tanga is 900 miles by road about 20hrs driving.
It was the coal fired power station I was interested in, EDL did mention in a RNS, what seems like an age ago,
That they had interests for coal supply for another power station in TZ. Nothing but curiosity on my part.
Lots of ifs, but if that was a sell and if we get a negative RNS now that would be interesting!!!
It's rare we get two drops over two consecutive days, usually the price drops steadily over a couple of weeks. Even rarer for the second day drop to be larger than the first, as if the drop is gaining momentum.
Will be interesting day tomorrow for sure. If drops rises or even if it holds steady.
Sausage it wouldn't surprise me that the 90k reported trade was a delayed sell hence why now the price is tumbling, smoke n mirrors.
Esquimo it's about 540 miles away but still a lot closer than the other two producing mines in the country, Edl are on about sending coal to other countries so why not simona sp.??
The Sinoma cement plant couldn't be much further away from EDL in TZ, interesting the original plans included a 1200MW coal fired power station and as far as I'm aware that is still the case.