Member Info for aerial

2019....

Not long now!

Looking good!

Sausage
It obviously makes a difference having the Mine, imagine if we didn't have it. It's an addition to what I thought I was investing in, and possibly the natural progression. Even Kibo are currently trying to emulate a revenue stream with Mast Energy.

I don't believe for one minute that Edenville would have sort a loan/or would have been successful in raising the loan if they weren't totally confident of meeting the terms. There is much that can be criticise, but I don't think for one minute Rufus or Jeff are stupid.

Only time will tell !!

Posts removed, no current history in members search...

Setanta/Esquimo - The post is honest, and the information is correct to the best of my knowledge.

I also reduced my average last week because of my most recent research, including speaking to some informed individuals, and because of my refreshed view with regard to being successful/or not with the Tender. Also being a lth my average seriously needed reducing.

There is no guarantee, there never has been, but everything considered we appear to be better placed than ever before imo

As touched upon yesterday, for me it's RCPP or Takeover as I have no interest in the Mine other than revenue in the interim.

Market closing, looking forward to a better 2019

comes to a close, as I think there is a much larger picture that has understandably not been discussed of late:

After the years of decline, including the relentless downward spiral since the January 2017 high, I don't thinks it's unrealistic (knowing what we know) to expect the next set of figures and progress report to be substantial.

We know the company is working hard, and unlike others have a working expanding coal mine, with contracts and a revenue stream.

After further research, discussions and correspondence (don't ask, pdyor) I think it is reasonable to believe that we are well placed with regard to the Tender, and are in a more enviable position than many would give the company credit for.

We have a colossal amount of known coal (173mt plus some)...
We have a Full Mining Licence.
We have 3 additional Active Prospecting Licences (totalling 61.84 Sq. Km.).
We have a 29.62 Sq. Km. PL sitting 'Application Recommended'.
We have a Working Expanding Coal Mine with Revenue.
We were awarded our Mining Licence Live on National TV.
We are well known to The TGov/MEM as a 'Coal Miner'.
We have a Mine that is situated at the most Northerly point of the Iringa, Mbeya, Tunduma, Sumbawanga 400kV ($455 million) Transmission Line.
We are in the exact location of the Sumbawanga Substation AND have the Coal.

"There is NO other Project (that I, or anyone that I can find are aware of) that
could possibly feed the planned Substation at Sumbawanga EXCEPT Edenville"

Time will tell!!

All imo pdyor

Times from The London Stock Exchange Website

The Markets closing process commences from 12:30 New
Year's Eve 31st December and will be closed New Year's Day.

Have a good one!!

The Markets closing process commences from 12:30 New
Year's Eve 31st December and will be closed New Year's Day.

Have a good one!!

I'm sure they ain't gotta scooby about what year it is, let alone what day! lol

JohnZ
If we win the Tender then the RCPP that I invested in will in-part have been achieved. That being the case there will no doubt be plenty of experts from around the world offering Edenville their expertise, or companies wanting to step in. I personally have no interest in the coal mine, other than hoping it brings in sufficient revenue in the interim.

RCPP or Takeover imho

JohnZ

I'm really not sure at what point Rufus failed 'at the point of success'. What was the point of success?

I invested many years ago in a 10 year CPP. It's getting closer to that 10 year estimation and we have a lodged Tender for the CPP! Am I missing something??....

JohnZ
Significant figures and progress are required while we await the outcome
of the Tender process. The outcome of Tender will determine the future...

Yes, there is always something else!, and imo as far as the Mine is concerned (if we remain a coal miner) there will always be just one more 'something else'.

I was watching a CNBC financial program yesterday (how sad is that) and they say Corporate Investors look for growth. I don't think we are in that league, but seriously believe that if we are successful with the Tender everything will change. Equally if we don't, we become a target for our assets. Clearly the reward is in the RCPP or a Takeover NOT in being a Tanzanian coal mine imho

Why tomorrow?, I was looking at it earlier today!

After the years of decline, including the relentless downward spiral since the January 2017 high, I don't thinks it's unrealistic (knowing what we know) to expect the next set of figures and progress report to be substantial.

We know the company is working hard, and unlike others have a working expanding coal mine, with contracts and a revenue stream.

After further research, discussions and correspondence (don't ask, pdyor) I think it is reasonable to believe that we are well placed with regard to the Tender, and are in a more enviable position than many would give the company credit for.

We have a colossal amount of known coal (173mt plus some)...
We have a Full Mining Licence.
We have 3 additional Active Prospecting Licences (totalling 61.84 Sq. Km.).
We have a 29.62 Sq. Km. PL sitting 'Application Recommended'.
We have a Working Expanding Coal Mine with Revenue.
We were awarded our Mining Licence Live on National TV.
We are well known to The TGov/MEM as a 'Coal Miner'.
We have a Mine that is situated at the most Northerly point of the Iringa, Mbeya, Tunduma, Sumbawanga 400kV ($455 million) Transmission Line.
We are in the exact location of the Sumbawanga Substation AND have the Coal.

There is no other Project (that I, or anyone that I can find are aware of) that could possibly feed the planned Substation at Sumbawanga.

All imo pdyor

Tanzania’s state-owned utility Tanesco, for example, heavily subsidizes its power sector. A 2007 World Bank report estimated Tanesco was operating at an annual loss of USD $50 million per year, selling power at US$c7 per kWh, compared with an average cost of US$c10 per kWh. By 2017, Tanesco had debts of $363 million, could not afford to generate new capacity and was seeking a loan of $200 million from the World Bank to cover old debts. In 2018, the World Bank approved a $455 million loan for Tanzania’s power problem, and, in the same year, Credit Suisse loaned the government $200 million for its power sector. Still, the utility operates at a loss — losing about SH265.30 per unit, or about US$c12 per unit, and its overall indebtedness has only increased, according to The Citizen.

Yes the Africans are holding Africa back, (nothing new there then) AND with most of the
First World countries throwing seemingly unlimited amounts money at them.,.... a chunk
of which is mine. You have to smile! :-/

Not long now.........

I just watch CNBC's East Tech West program, and AI features VERY STRONGLY particularly in the US and Chinese Markets. It's considered that the USA leads the world in AI by some way, although and China will close the gap in the coming years,.....but not just yet!

HappyRob
If you noticed yesterday's VWAP and the fact that the mms on Bid side of the Order
Book @ 2.05p increased from one to two, then that would suggest to me that most,
if not all yesterday's trades were buys.