JD There has to be 'Something' otherwise the granting of the licences would be totally pointless. The problem as always is timelines/how eager they are, and I'm not sure if they do eager!?.. Lets hope the synergy is not communicated by tom tom...
You know my view on the Stiegler's Gorge project!, which I guess is not dissimilar to yours.
If the Institutions and big holders believe, then it's doubtful they would have been sitting on their hands. It is extremely difficult to lower an average from a high position with a relatively stable SP, but any trough is a good time to average down AND increase ones stake/position, Especially if you have a mind to make a bid.
I personally think there will be offers, and sooner than later, but not until the product is fully understood and considered proven.
At this level, surely it's not inconceivable for a really big player to buy the company for itself ?
Gary1960 I'm not one to hold back, so my real quandary is whether to invest with a reasonable stake (as an investor not a day trader) or not?.. Whatever the case I will be watching and listening for the foreseeable!
Boffer and I have been invested in the same share for many year. He didn't advise me, and doubt he even knows I bought in. It's just that I like to take heed of the views of people I know. I think most would agree that taking advice from anyone is a fools game.
Nov 2018 2.55p 52 week low.. May 2019 17.50p 52 week high... Since June 2019's 14p it's been almost continually down hill....
I bought in @ 10p as a punt on the views of my old friend BigBoffer, and out (which is not something I usually do) @ 12p with a small profit.
I am looking to try again with a longer view, and would be interested to know what the current expectations (in-short) are from those invested. I know it's a VERY leading question, but I've genuinely not been watching since mid June.
Q: What is the current expectation?, a levelling or a rise, or will it continue to drift before it turns??..
I think there is clearly some movement within the MEM with the granting of the seven Mining Rights for the MCPP, and agree there is very little else (never forgetting Stiegler's Gorge), that will fulfill Tanzanian's 'Obligations' to the overall project.
If the TGov/MEM/Tanseco fail to meet their obligations they also lose the benefits to businesses and households along the high voltage transmission line, which starts in Iringa, goes through Mbeya and ends in Sumbawanga, with additional benefits of improved reliability of power supply to the Southern Agricultural Growth Corridor of Tanzania (SAGCOT), which is on the line route.
Part of the projects aim is to establish cross-border transmission capacity connecting Tanzania with the Southern African Power Pool (SAPP) and the Eastern Africa Power Pool (EAPP).
Imho (pdyor) time is running out !!
Stiegler's Gorge History in-short: Alexander Telford conducted the first systematic development surveys of the Rufiji in 1928-1929, with engineer C. Gilman carrying out further studies in 1938-1940. These studies primarily envisioned irrigation infrastructure with a small dam at Stiegler's Gorge to reduce flooding and protect downstream irrigation infrastructure....
Planning for the Stiegler's Gorge project advanced with three donor organisations. The Japanese External Trade Organisation supported feasibility studies in the 1960s
A Tanzanian spokesman recently said:
"There have been minor delays since the inception of the Stiegler's Gorge Project, but we now expect it to be completed in 36 months".....