Question today from Larrygrayson20 Jan 2020 14:33
"I'd love to know why LTH first discovered EDL, more to the point why they invested"?...
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Below is a larrygrayson post from when he was Jogonson and a ramper before he became a troll.
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"Kibo language around the licensing is very fluffy and as such I read the situation as follows:.
1. Edenville's mining licence (once granted) will be one of only 3 in Tanzania. For whatever reason, the Tanzanian authorities may not want to grant another one so similar to Kibo thereby doubling administrative work but more importantly creating a competitive environment between two companies that should be working together for the people of Tanzania.
3. So once EDL have the licence they are in the driving seat and Kibo may even be told to speak to EDL. SEPCO will start the JV discussions and EDL will hold the Ace card.
4. SEPCOii & SEPCOiii will turn out to be related and say to Kibo we need you to do a deal with EDL.
5. A JV will be announced between SEPCO, EDL and Kibo.
6. EDL share price will rerate as RCPP is their main activity whereas Kibo have already had their surge of interest and other projects also balance out their MCAP.
7. So the big money to be made is here whereas Kibo is probably safer.
8. Every day this moves on EDL becomes more and more attractive.
9. These talks are probably going on right now but as with all things in Africa, until it is done, there is nothing certain"
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Not sure what happen to 2.?, bit 7 is interesting: Larry says:
"SO THE BIG MONEY IS TO BE MADE HERE" (at Edenville).
Mr cognitive dissonance personified !! lol
Some things you just can't make up,.....that isn't unless you are larrygrayson!!
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