RE: World Bank19 Jun 2021 09:45
esquimo
Good post yesterday, shame it got removed!
So much promised yet the company still refuse to update the market. I don’t understand the mentality that is intent on keeping its investors in the dark. If we believe what has been written, and there’s no reason not to imo, why not RNS something, anything? What is the point/purpose of suppressing the share price. Why don’t we have any PR, why is the company not promoting its intentions and plans for the future.
At ground level the monies you mention will doubtfully have any affect on Edenville in the near term, but the Interconnector (as was RNS’ed causing the largest of sp rises ever at the time) is all part of what they envisaged. Although they still show on their website that their long term view is to fully monetise the Rukwa coal deposit via development of a mine mouth coal-to-power project providing electricity to the Tanzanian grid system, from what has been said most recently it would appear that might not be the case, at least not if their current plans materialise. Will they be selling the CPP model as are Kibo hopefully giving something back to its shareholders or will they maintain an interest in the CTPP.
Whatever the case coal is the key!