The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
New approach probably means starting to try marketing ..
reviewed if the vols go over 3k/month…ILTL might take it on? Their must be a tipping point where it makes the project viable for them to do it and it must be around that volume if that's what they are talking about.
Recent in the same breath as imminent.
But we still cant sell the stuff??
Green wolf this proves it's not the work permits if they need to be up to 3000 ton a month before hand over??
Esquimo again if they are going to feed international customers that they get contracts for why have they got to wait till edl get local orders for 3000 ton ?? It just dont add up.
Sausage thanks.
The question that then comes to me is say for arguments sake edl are shifting 5000 tons a month and making a profit, why would they then hand it over to just get a small commission on the sales?
Ok so now it all makes sense we haven't been waiting for Iltl to move in as thought, it's all down to edl yet again to pull their finger out.
"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."
So in a nut shell if edl cant exceed 3000 tonnes a month then no hand over will take place.
So lind took the cash didnt want shares.
No word on hand over then, this looks just like the smiling faces of that round the table picture.
Tr1 time soon?