Sausage You're welcome to your opinion (if a little aggressive). My opinion has never change with regards to the facts as I see them, and I have posted the same many times. My opinion may be wrong, but not bull**** as you suggest, as bull**** would be intentional and unlike some I have no reason, need or desire to mislead.
As I remember the embargo had absolutely no effect at the time other than seeming like a bit of good news, and we were still working towards the RCPP.
I don't think (but don't know for sure) that they became a coal miner solely, if at all because of the embargo, or that the dates even coincide especially with the way the tgov work they could have lifted the restriction the next day!, which alone is no basis to build a coal mine.
I also don't think they planned to become a coal miner with knowledge of the embargo, how could they. That's why I consider this was a plan B due to foresight, or maybe a deeper understanding of the ways of third world governments or even a company being proactive,..who knows, or now even cares..
I genuinely don't understand why you are so angry, it's your investment and your problem! and from memory you have never done anything about your concerns other than to moan on this bb and make lists for others to present to the bod. I even offered to pay your train fare to an AGM some years back, but you couldn't even be bothered to make the effort, but suppose you consider that bull**** as well !!
I've just reread the last four RNS's, and it appears that the mine and plant are in good shape after the implemented upgrades, and operations should be ready to proceed as soon as (in their words) is practicable.
The cash situation is concerning, and looks like they might need the potential strategic investor.
Over the years lots of progress has been made, and credit should be given to the foresight of the bod for becoming a miner before anyone had an inkling of the cancellation of the mining tenders by the Tanzanian government that caused the demise of their RCPP. Look at the mess over at Kibo after circa (I think) $43m invested and nothing produced to-date except words !
We know through our own experience in Tanzania that everything is subject to change, and we shouldn't lose sight of the colossal World Bank funded $455m backbone Interconnector, TAZA, EAPP and the E&SAPG's that are still progressing and that Edenville's mine, and 173 million tonnes of proven coal is strategically (coincidentally?) located at the termination point of this huge African project.
It's not surprising that the company has never quite managed to get its toe over the line with hurdle after hurdle and the Pandemic brick-wall that has flatlined us since the 1st of May 2020. Hopefully they are now, at last, better placed than ever before to step over that line !!
The market definitely felt noticeably stronger yesterday. Aways the way when you're waiting for a cheaper entry point elsewhere.
My personal feeling is that the markets are poised to bounce as the world recovers. Always bearing in mind this situation (imho) is unlikely to be anything like 2008. I think there's plenty of money about, and the rich will undoubtedly get richer. Hopefully for the likes of us pi's, if proactive, we can also benefit from any upturn !!
cunningfox Doubtful anyone knows what the future holds if there is a complete veto, which sounds evermore likely.
I'd guess LC needs to conform some otherwise it will become increasingly difficult for him to be the face of Kibo, as at least on these boards it appears he has lost what was once overwhelming support. At some stage these companies need to consider shareholders, or as in this situation their days could be numbered and reputations ruined. Sometimes it's more advantageous to do the right thing, sadly few AIM's choose that course..
I would suggest that a wise man under the current circumstances, and irrespective of the country that he might be in would lock-down and self-isolate!,...and more so if in a country of 56 million people where the President says Jesus will save you !! Surely it would be irresponsible to be anything other than shut down until such time as it's safe to reopen!
Sausage I refer you to 7/4 RNS:: "We believe the steps taken now should enable us to return to mining as soon as practicable. The order book for our coal remains healthy and we have seen consistent demand given our primary market is currently regional industrial players, meaning Rukwa's location gives it cost advantages over certain other operations.
"I look forward to updating the market as and when we return to mining, along with any developments with respect to our potential strategic investor."
That is the last and somewhat positive news,....in fact I think it was the last news.