Member Info for aerial

esquimo
You really think he is still in this share? lol

21 amazing !!

A pretty damning report !!

“It is envisaged under the Agreement that ILTL will enter into a long-term Coal Supply Agreement”

Long term, nice! and pure profit!! :))

pi
Yes, those coal production figures are what we are currently await for.

AND hopefully ILTL’s intention/ambition is more than just being a labour force at a Tanzanian Coal Mine for a UK Company !!

We live in hope!

pi
Edenville will be running their Company and at the same time overseeing everything aspect of the Mine and Mining Operation, and will have paid trusted personal onsite.

I think it would be foolhardy to think they are going to allow the Contractor to Mine without total control/accounting of the coal mined.

The Contractor won’t have carte blanche, there will undoubtedly be very strict controls. The Contractor is basically (hopefully) nothing more than a more skilled labour force.

aimhopdyor

Not forgetting Edenville will be overseeing the operation and having staff onsite, on the weigh bridge and security etc. They will be running the company and getting ALL the contacts, as it is their mine! Hardly minimal involvement. The difference is they will not be paying 40 odd staff as they have Contracted a Labour force.

What is mined by the Contractor will be pure profit for Edenville, and as I said will unequivocally initially be the entirety of their income!

Sausage clearly doesn’t understand handing over the mine to a “Contractor” and looking to increase production while earning pure profit per tonne initially will be Edenville’s entire (100%) income.

He also thinks the fact that they intended to diversify is his idea!

I’m sure I read it in a RNS somewhere pmsl

Sausage thinks:

“At best coal will play a minimal part in Edenville's future.
Maybe ££ per tonne sold at best. Edenville won't mine it”

An amazingly contradictory statement lol

As you say esquimo Coal is clearly the future and will finance that future, and if they get bought out it will be the money from Coal that will be a very substantial part of enabling them to possibly morph as it appears is their intention at some stage.

Love it or hate it “Coal is key” !!

There’s is no argument, it’s quite clear. The stand down and suspension of production as a result of covid-19 is unambiguous, and as a consequence the handover couldn’t proceed.

Sausage has the ability to see things others don’t, but seemingly missed Covid-19 which we know (most of us that is) that the pandemic is the unequivocal reason it the handover didn’t happen.

Not unusually your ignorance and negativity shines through !!

————————————————

As RNS’ed 7th April 2020

Paraphrased re Covid-19:

“Edenville has elected to stand down Rukwa employees and suspend production with immediate effect until the situation is resolved”

Alistair Muir, CEO of Edenville, commented:
"As with much of the world, our operations have naturally been impacted by the rapid spread of COVID-19. Our principal focus must always be on the safety of our employees, as well as the moral obligation to do what we can to reduce the spread of the virus. …

Teaye72
I’d guess much is built in, and think the consolidation was absolutely correct. Hopefully all part of the master plan !!

LagunaB
If you know you know! :)

. …

Quite clear:
Consistent with the positive sentiment in the region the Company is working on a number of other supply opportunities in the East African region, for which further expansion of production capacity at Rukwa may be required”

“further expansion of production capacity at Rukwa may be required”

Coal is key, and will be for the foreseeable future unless we are lucky enough to get an offer !!

Can anybody tell me what they think AM and NvS have brought to the company??. …

Bang on the SP !!

esquimo
Sos obviously sees what ‘others’ don’t!, and now hedging his bets covering as many scenarios as possible in a single statement. lol

Based on what we have be told you’d think an Update is pretty close.

pi
It would!