18th march 2024 they stated...22 May 2024 16:38
"prospects at Rukwa, where operations have remained challenging, with limited coal production. The operations have been on hold recently due to the rainy season. While local mining staff were on annual leave during this period, they return to the mine this week to prepare for a new production cycle. Demand in regional markets continues to appear robust. Following resumption of normal activities, the Company will review its targeted production rates and provide further updates as appropriate"
Updates on
1) New production cycle.
2) Demand in regional markets.
3) Resumption of normal activities.
4) Targeted production rates.
"In addition, the Board is continuing to review potential acquisitions of additional advanced mining and mine development projects located in Africa, including one such opportunity which is being actively progressed and meets the Company's key acquisition criteria, with a focus on a commodity other than coal. While the Board is excited by the potential of the opportunity and has concluded its due diligence there can be no guarantee that any transaction will proceed to definitive documentation, or as to the eventual terms or timing of such transaction. "
Updates on
1) Board is continuing to review potential acquisitions
2) One such opportunity which is being actively progressed and meets the Company's key acquisition criteria.
3) Concluded its due diligence, so what next?
Lots that could be updated on here, wonder why nothing is being released??