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esquimo
I fully agree, that’s why I think this will be a news rich period. I doubt the big guns invested to wait another ten years.
If something is known (they have knowledge we don’t) about the $455m Interconnecter, which I’m sure they do, the RCPP/CFPP will undoubtedly be part of the plan, be that selling it all off at a premium or fully monetise the Rukwa coal deposit via development of a mine mouth coal-to-power project providing electricity to the Tanzanian grid system themselves as is their documented long term aim. …
esquimo
Yes the SP is holding well currently considering this is the lowest period of trading I think we have ever seen. My only criticism is the speed at which the company is moving when they’ve had some 16 months to do the talking. Hopefully they actually have a plan.
update I feel Q3 could be an extremely interesting period !!
Edenville Energy (EDL), the operator of Rukwa Coal Project in southwest Tanzania served up its audited results for the year ended 31 December 2020. Interestingly enough, the highlights here were arguably post period. During the first half of 2021, the Company reached an agreement with Lind regarding its outstanding debt and in January and May 2021 raised an aggregate £3.4 million which enabled it to pay off the full amount outstanding to Lind. The company also gained new major shareholders including RAB Capital and Mr. Anthony (Tony) Buckingham.
esquimo
Looking very promising everything considered imo !!
Tue, 29th Jun 2021
Edenville Energy PLC - operates Rukwa coal project in southwest Tanzania - Revenue for 2020 slumps to GBP33,852 from GBP233,414 in 2019, but loss for year narrows to GBP1.2 million from GBP1.8 million. "The Covid-19 pandemic dominated 2020 across the globe and unsurprisingly impacted the company's expected operations at Rukwa. Despite this strong headwind, the company was still able to make progress, albeit not as fast as we would have liked," firm notes. Says business environment in Tanzania is improving, and it is seeing inquiries from former and new customers for coal. "We believe that as business conditions improve further the company is well-placed to take a major step forward through the adoption of this new operational structure that will ensure Edenville draws revenue from every tonne of washed coal sold," it says.
Year-to-date change: up 32%
On the other hand if it wasn’t for the spike we’d actually be +53.33% since January 21. Two sides to every story!
Although that high was a spike. …
c o n s p i r a c i s t s
The above moderated because of the word within the word. What is the world coming to? lol
esquimo
You won’t need the glasses as the conspi******s are running out of conspiracies !
Sorry did somebody say Coal is dead?. … :))
Who’d of thought it lol
Looking good, and moving forward !!
“Boring”
and me
Could you define “top men” ?. …
Indubitably!
esquimo
I think it’s a case of most of everything that can be said has been said, and virtually every word has now been cast into history. No more blaming Sally Schofield or Rufus Short! It’s all down to the communications deficient noneffervescent Alistair Muir !
Everybody knows AIM is a lottery. Hopefully those that have
survived to this point will eventually cash in their winning tickets !
me