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Yup +25% sadly Bid not following at the same rate as still 0.20

AND the Bid is up !!

Might even tick a bit higher....

I was looking for an RNS to see what brought on this little flurry ?

Dismal is an understatement !!

The silence continues !!

JohnZ
I think all the résumés have been impressive, so If we've learnt anything about the long distance coal prospecting and mining process over the years, it's that it is definitely horses for courses! Hopefully we have the right team in place now to take us forward.

Fazza87
Hope you got something out of the NSCI 136% spike a couple of weeks ago !

Fazza87
Ahh I'd forgotten about Nick von Schirnding, but think his appointment was too late to be party to (at least) the early stages of the ILTL agreement.

I strongly agree that this is an underrated turnaround. Let's hope it will soon be reflected in the SP !!

pi
For me it's always been about the RCPP, and the $455m Interconnector is on its way. Kibo have had their invite (all below). Also very recent news/movement with the addition of the $100m AFD concessional loan. All there for those wishing to read.

I think the bods words were something to the effect of: : "Edenville are strategicly placed at the end of the Interconnector in Sumbawanga"

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Dated: 29 April 2019
Kibo Energy PLC ('Kibo' or the 'Company')
Update on MCPP
Kibo Energy PLC, the multi-asset, Africa focused energy company, is pleased to announce that it has received formal notice from the Tanzania Electric Supply Company Limited ('TANESCO') inviting it to develop the Mbeya Coal to Power Project (the 'MCPP' or the 'Project') for the export market and thereby enabling the Company to engage with the African Power Pools regarding off-take agreements..
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"According to the French Development Agency (AFD), the Kenya-Tanzania connection is currently under construction, making the connection between Tanzania and Zambia the last link towards the interconnection between the East African Power Pool and the Southern African Power Pool"
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Recent 400 kV Transmission Interconnector news 29/06/2020

"The French financial institution is also supporting the electricity interconnection between Tanzania and Zambia through a 100 million euro concessional loan. The French financial institution also supports the electricity interconnection between Tanzania and Zambia through a 100 million euro concessional loan. AFD thus joins the World Bank and the European Union which are financing this project. The project will enable the construction of a 400 kV transmission line and substations from Iringa to Sumbawanga via Mbeya and Tunduma and the Tunduma interconnection line in Tanzania’s Songwe region to the border with Zambia. The objective of this power interconnection project is to ensure security of electricity supply to the countries in the East African sub-region and the pooling of energy resources in the region.

Full article:
https://www.afrik21.africa/en/tanzania-afd-lends-e230m-for-electricity-water-and-sanitation/

Very nice imho

Usually (but not always) when dealing with experienced professionals there are very good reasons for the decisions they make (see my fri 19:13 post) as it appears while a small minority were screaming for daily updates and tearing apart what news we did have, the company were in the process of quietly getting things in order to recommence mining operations, which happened last Monday.

This was always envisage to be a 10 year project, and even after being derailed by the nullification of the RCPP Tender (years in) we are here today at this point through the foresight and actions of the previous bods. Few will give credit to the bods, as they are mostly self-confessed Tanzanian mining experts that clearly think they could have done a better job (from their darkened bedrooms).. I can find a dozen reasons to credit the previous bod's! One of which is that without their perseverance we would not be here today!

In fairness, Startup Company, AIM, Africa, Tanzania, Third World Country, 10 year project is a recipe for disaster, SO, Imo it begs the question that after due diligence and investing in this 10 year project, WHY do some STILL NOT appreciate the present position?... (are they as MrNations suggested really shorters?)... ;)

I have been invested here now for over 9 years, and have been partly to pretty much the whole process. Time is truly relentless, and imho a few more week, months or even years will make little difference if we accomplish our aim.

All the whinging whining and de-ramping over the years has done absolutely zilch!, as here we are, up and running and in profit!

The trolls have virtually evaporated, the naysayers with them said it would never happen. The naysayers are STILL naysaying!

You really have to smile! :)

Good luck to all, especially the genuine long suffering locked-in holders !!

All imo pdyor

pi
I wonder if AM was the lone architect of the ILTL deal?, as it definitely feels like a deal done by someone with his credentials, rather than those of RS. Never forgetting the rarely mentioned Jeff Malaihollo...

It looks on the face of it like a good plan, and I still have this nagging feeling that this is the start of an exit strategy..

All imo pdyor

Norrab1 reply to Sausage 29 Aug 2018 :)

RE: Communication:
The only person that needs to "move on" Sausage, is yourself. Your constant whining and negative comments invoke the lack of response. They're probably fed up of all your whining emails, so choose, understandably, to ignore them. Suggest you sell up and "move on".

MrNation
With respect, only a new investor could be impressed with the coms :)

I agree about the upfront payment. There is much that has been achieved, but little credit will be given because as you have noted most will only talk this down !!

'Your'

Fazza87
I love you enthusiasm!

Fazza87
Hmmm, am I in touch with the bod?.. :)

I doubt after all these years that Edenville will suddenly start promoting the company.

All imo pdyor

JohnZ
No one said you had to like them

Usually (but not always) when dealing with experienced professionals there are very good reasons for the decisions they make (see my fri 19:13 post) below)) as it appears while a very small minority were screaming for daily updates and tearing apart what news we did have, the company were in the process of quietly getting things in order to recommence mining operations, which happened last Monday.

This was always envisage to be a 10 year project, and even after being derailed by the nullification of the RCPP Tender (years in) we are here today at this point through the foresight and actions of the previous bods. Few will give credit to the bods, as they are mostly self-confessed Tanzanian mining experts that clearly think they could have done a better job (from their darkened bedrooms).. I can find a dozen reasons to credit the previous bod's! One reason is that without their perseverance we would not be here today.

In fairness, Startup Company, AIM, Africa, Tanzania, Third World Country, 10 year project is a recipe for disaster, SO, Imo it begs the question that after due diligence and investing in this 10 year project, WHY do some STILL NOT appreciate the present position?... (are they as MrNations suggested really shorters?)... ;)

I have been invested here now for over 9 years, and have been partly to pretty much the whole process. Time is truly relentless, and imho a few more week, months or even years will make little difference if we accomplish our aim.

All the whinging whining and de-ramping over the years has done absolutely zilch!, as here we are up and running and in profit!

The trolls have evaporated, the naysayers with them said it would never happen. The naysayers are STILL naysaying!

You really have to smile! :)

Good luck to all, especially genuine LTH's !!

All imo pdyor

JohnZ
All the Greater credit to Edenville for what they have accomplished under the reign of this looney autocrat !! Imho
---------------------
Mr Magufuli has said that the power of prayer helped purge the virus from the country. He also promoted an unproven herbal tea from Madagascar as a cure.

Mr Magufuli claimed that the test kits had returned positive results on samples secretly taken from a goat and a pawpaw fruit.

“Our enemies will say a lot, but here in Tanzania we are safe,” he said. “We put God first, and God heard us.”