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GW
You said they knew not me! I said it was foresight so if that's playing with words so be it !!

Bid up

GW
No contradiction. I've showen they made the decision to become a miner before the coal embargo. You said they knew, I said it was conjecture to say they knew in answer to your remark in your 11:37 post, second sentence !!

All imo pdyor

GW
In answer to the bull**** remark I think I have shown that mining wasn't as a consequence of the coal embargo. It's conjecture to say they knew because we don't know that, but what we do know is that for whatever reason the company had already decided to diversify and start small scale production.

The bod made the decision to become a coal miner, no one else! I like to think that was foresight !!

All imo pdyor

Sausage
It is absolutely pointless talking to you, as you now appear not to believe anything irrespective of where it comes from unless it suits you.

I spent some time on Monday checking to see if what I thought was wrong. Yesterday I explained in some detail the facts, including a snippet from the Sharecast and Proactiveinvestors articles with the comments of Edenville. Sadly you are not interested in Edenville quotes that are in articles from interviews, or the AGM discussions, and you spend the time between RNS's criticising every aspect past and present, which is your prerogative.

In all the years I have been on this board I have never heard a positive comment from you? I can understand to a degree with your investment (if still as you posted during the failed EGM attempt),.. but I can assure you there are people invested here that are very seriously down.

Just because we have all lost some money it really doesn't mean the company won't eventually be a success.

GW
Yes exactly as I stated and think that I have demonstrated to be the case.

All imo pdyor

Sausage
You don't even believe RNS's with your default "jam tomorrow"

Are you really still invested here?

All imo pdyor

Got to keep the weighted average up !!

Sausage
If you genuinely believe that questions answered by the bod at the AGM are idle chit chat and are invalid, why did you make a list for Sally Schofield if the answers you requested you'd consider invalid? And what part of the August 2016 Edenville 'reported statement' don't you understand? or was that statement just chitchat because you choose not to believe it??

All imo pdyor

Sausage
No the "would surely suggest" was just so there was a different perspective for you.
As I said, the mine was discussed re small scale local production at the June 2016 AGM.

imo the only thing of any consequence (as always) is what happens next !!

All imho

Looks like I missed that price, but it's still currently pending?

+4.76%

as currently it's the only way it will take my order ...

From a different perspective, and disregarding what might or might not have been discussed at the June 2016 AGM. The company's statement in August 2016 prompted in response to the tgov embargo announcement saying they were already advancing work streams would surely suggest coal production. Why else would the company be opening work streams at a coal mouth power plant site many years before the power plant would be built?

He has a lot of explaining to do, but doubt he will ever acknowledge it as a grave error of judgement or a decision made in desperation..

Sausage
Not everything that happens, or every thought or intention of any company is documented.

I and others were at the AGM on the 3rd June 2016 two months before the announcement of the embargo when the mine was discussed for small scale local production. The company at the time were developing a mine mouth power plant and when news of the embargo in August and the request for coal resources to be brought into commercial production by the Tanzania Government Edenville made the statement saying:
Edenville welcomes the Governments proactive approach to moving projects from exploration to production, and that the company are already advancing work streams alongside discussions with the government authorities.

Going to meetings and speaking to people as I have always done sometimes allows a better understanding of a companies intentions. There is much information that has been added to this board because of questions asked at AGM's that we would never otherwise of known.

In answer to your original post, we did know about the company's intentions to diversify, and were already at the time of the embargo announcement working towards local production.

Just another decision or foresight, me a little off the mark? you decide !

All imo pdyor

bE lol

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 !!

All imo pdyor

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 !!

All imo pdyor

LC (it appears) has totally blown his once overwhelming support because of what can only be described as personal greed !!

All imo pdyor

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 !!

All imo pdyor

bE Clearly a wise man !!