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40% down... can’t sell!
Looking forward to our 7m 17m buyer whats it going be today ?
What keeps you invested chaps ?
90% down no point selling.
Indeed Sausage, they've been doing this for years, the "rinse and repeat" to keep the salaries coming in. The same old Lemmings keep blindly following. Mugs.
Here come the saus full of promise how about 20p to 60p plus like val...
Its not going to take 5 years for Edenville to take this from 20p to 4p!!!!!!!!
They took it from 2.5p to 0.02p in a mere four years!!!!
Actually, Aerial, no; that hasn't made me feel any better in the slightest! However a beer may well do the trick. :))
Teaye72
If it makes you feel better the VWAP is 0.029367
... if it were held. Would have thought that that 14m would have broken the seal... but no.
To think of times gone by when we jumped/slumped large % increments after the smallest of trades. Something just doesn't add up.
I was thinking more to do with the original post.
EUA back in the day when i was buying at 0.4p had a poster talking of the Russian Mafia will just take over the mine unless the BOD pay them off.. :-) He also made out he was a local with contacts in the mine. Found out a few years later he actually lived in Croydon :-)
It was like deja vu. ...
A few years back a friend (Andrew1995) on the Kibo board posted
comments in a similar vain. LSE frown on talk of envelopes,...and
he actually got banned. Hopefully not the case for esquimo!
A Walt posting porkies
And I know why!
whoops
well if its anything long the lines of val then i am happy. cheers
Sandal - yes. Equally the SP will be worth 1000x the then current value so you still hold the same amount. Anything under £3 value they will keep (and 50 shares isn't worth 3 pounds... )
What happens afterwards is another matter...
Spread better than 16.33% as the 14m was at a small premium, so more like 12.8%
what did i say the 7m buyer brought his big brother with him today lol
:)
Does that mean for example if one holds 6,833,050 after consolidation they be worth 6,833 rounded off so its 6,833,050 divided by 1000. ?
“The Directors believe that the existing share capital structure is no longer appropriate, as the high number of shares in issue combined with the relatively low price per share is thought to result in excess volatility and reduced liquidity in the Company's shares. By proceeding with the Capital Reorganisation, the Directors anticipate that the Capital Reorganisation should improve the liquidity and the marketability of the Company's shares with institutional investors in the UK and overseas”
Just received a notification from my broker about consolidation of this share, every 1000 shares will become 1 share. Never experienced this in my short term of investing, what does it mean for us?
Mining is one of the leading sectors in Tanzania, with the value of mineral exports increasing each year. Leading minerals include gold, iron ore, nickel, copper, cobalt, silver, diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, coal, uranium, gravel, graphite, sand and dimension stones.
458 coal fired power plants under construction which could go up to 903 with another 200 or so in the pipeline..
Uganda plans to import coal from Tanzania for iron and steel production. Not new news, neither is Edenvilles contracts to export coal to neighbouring countries Burundi and Rwanda new news.