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Whatever that maybe won’t be until after 11 am

Begs the question why they didn’t release it to the market via an RNS ?. ...

I actually find this quite funny. Mainly the bit that says: “capital markets expertise of its Board”

“Proceeds from the Placing, coupled with the Company's existing cash resources, will be used to augment working capital and target additional asset acquisitions, leveraging the natural resources and capital markets expertise of its Board”

You can always guess there’s going to be a Placing!

We live in hope !!

I think we are owed the full picture !!

Teaye72
If we only get an operational update, as nice as that would be I think that would be an opportunity missed, but unfortunately we know their very strange reluctance to promote the Company and consider the Invested as it’s legendary !!

Will it tank or fly, or be uneventful ?

this is heading/likely to go tomorrow, and more so early doors Tuesday imho

Edenville have a Fully Licenced operational coal mine with in excess of 173mt of coal and four other licences covering a total area of 27 sq. ml ALL within the Rukwa Rift Valley and NOT neighbouring land per se, as it’s all part of the Rift Valley System.

If you are a Prospector as Edenville were (and really still are with the other Licences) and you are installed on 27 sq. ml. of land where the world’s largest helium find has been made in recent years imho you’d be foolish to be looking too far away from Helium. This find was not anywhere in Tanzania, it is at Rukwa!!(and the much larger Valley area).

We don’t have a Helium Prospecting Licence which is doubtfully an issue considering how established Edenville are.

With regards to fining it, Helium One CEO Thomas Abraham-James used a plastic bottle and a length of thin hose.

Obviously I could be way off, but still maintain it’s all about what Edenville have, not what they don’t have.

aimhopdyor

Call me old-fashioned, but if I was investing a million pounds in Edenville it would be because of what they have, not because of what they don’t have. Edenville have 27 sq.ml. under licence in the Rukwa Rift Valley, the location of the largest helium find in the history of Tanzania, and the largest find anywhere in the world in recent years, and never forgetting until this find it was considered that with the gas leaking into the atmosphere, and because it's being consumed so freely that we may run out of this rare precious gas within 25–30 years.

Adds to the likelihood of helium being the main contender imho

aimhopdyor

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Initially, experts estimated the size of the Rukwa reserve to be about 54 billion cubic feet, or about one-third of the world's known reserves. But Thomas Abraham-James, a geologist and CEO of Helium One, tells Live Science that new measurements indicate it's more like 98 billion cubic feet — nearly double the size.

“98 billion cubic feet” so more like $7 billion. ...

It is rather stating the obvious, as “outside coal” is what has been said!. ...

esquimo
Thanks for that!

Yes Kibo is ticking down, it was 0.54 on a spike recently so possibly a good entry point. There is tax to pay on purchases of 0.5%. I know I pay it, but have not been bothered to look at the percentage until now, just for you !!

esquimo
Africa is bad enough for investors at the best of times, and the covid-19 pandemic just threw another spanner into the works. Undoubtedly those that have lasted this long will continue to suck it up.

Can I ask how old is the piece “the President understands that her predecessors policies have seriously damaged etc”? I doubt it will make any difference to Edenville in the short term, if ever, but as always “We live in hope” !!

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There’s a Great argument going on over on the HE1 bb about the Tanzanian weather. I was debating whether to tell them there is a self professed Rukwa regional weather specialist within LSE, but then realised he’s the Research Specialist who thinks the $455m Interconnector simply connects the Southern power pool to the Eastern power pool, AND

“It just carry’s electricity that's already being generated”. ... :))

This time next year Rodders!

Not long now, maybe. ...

Ash333Ash
Thanks you! I do try to be balanced, but telling the truth (as I see it) is not always well received.

No pain per se as I have a 35 year old portfolio, and I am resigned to long term investments on AIM. This was originally just a little punt that I somehow got locked into. I’ve always had great expectations for the company especially after meeting MS and DR and the team at the first AGM and Event. Sadly my feelings were short lived and they (imho) turned out not to be the people I thought they were. ..

aimhopdyor

. ...

Every little helps !

I’ll qualify that statement as 1.5m shares is now a relatively negligible value in comparison to the million shares I have that took four long years to accumulate at a cost of c. £18,000