RE: Pandemic8 Apr 2020 12:03
There are clearly many issues, mostly of which are a direct consequence of the actions of the Tanzanian Government. This would be a very different share now if the RCPP had proceeded. Edenville was formed to become a supplier of electricity not a commercial supplier of coal.
Edenville got to this point against all the odds, and with absolutely everything stacked against them, and if it had not been for the absolute foresight of the bod we would have no mine, no prospects, and possibly would not be trading by now.
It's clear that the company is basically surviving, but at the same time we are led to believe that they are not that far from breaking-even.
Hopefully they can reach that point as the season changes and the current restrictions are removed.