Closer to something15 Dec 2018 12:49
than ever before:
In January 2017 we had little EXCEPT a 'Full Mining Licence and 173 MILLION TONNES of COAL',.....which I think most that were party to the process would agree that that was quite an achievement in itself.
In February 2017 the company secured the Wash Plant and shipped it half way round the world as we watched, and by September it was finished and in October they started Washed Coal Production. Just 14 months to-date.
With further help from investors the production targets are once again pretty much within the company's control, unlike the Tender. Should the company win the Tender it will have been no mean feat, and imo really shouldn't be underestimated, neither should the expertise and effort that went into it.
This was the company that would never find coal! The company that found coal, but would never ever get a Mining Licence. The company that was awarded a Full Mining Licence LIVE on Tanzanian National TV. This was the company that would never ever ever be able to build a 'Producing Coal Mine'....... and even if they did they would never be able to negotiate ANY contracts, let alone SUBSTANTIAL contracts...
Kibo is also down a third in recent weeks, and have a MOU with The Mbeya Cement Company that they have no possibility of honouring in the next few years if they got their SML licence tomorrow. The Mbeya Cement Company themselves had a colossal Prospecting Licence, some 90 Sq Km, far greater than Edenville's, that it now appears that they were unable to succeed/proceed with and has run its course, and has expired!....
I understand as much a anybody about the disgraceful SP, and the disgusting lack of communications, but Edenville are in a far more enviable position than most would give them credit for. Should the company meet their production targets and/or win the Tender their will always be those that will continue to slag the company off without any consideration for what HAS been achieved.
My reason for investing in this company has not change, although because of the natural progression what I invested in has. Even so, I am still hopeful of eventually seeing a return for my years of prolonged anguish.
The Tender is currently the pitot, as a mine it will take a bit longer, BUT I personally believe there are several scenarios yet to be realised as a consequence of the success or failure of the Tender.
All imo. Please dyor
Sign In
Follow the stocks
