Member Info for bcl42

That I am not finding the continuing silence somewhat unsettling. I have no idea if things are progressing, stalled or what. Some comms from the company would now be good.

Wimbo. Did you say that LC is in London?

I really did speak with St. Brides yesterday about 20 mins before that tweet. Obviously I couldn’t be told anything not on the public domain but sought clarification that anything negative would have been RNS’d which was confirmed. Also that nothing has changed and was told to just remember the fundamentals and why I was invested.

Is a buy. Fortune favours the brave.

Indeed it’s when.

I am sure that Mabesekwa has great potential. However let’s not kid ourselves that it is anything other than extra to the MCPP. With no MCPP the SP is likely to be sub 2p (it’s only 4.85p with it) credibility will have been shot to pieces and raising funds to see a couple of years through to completion (we all know that it will take at least that long) will not be easy. It’s all about the MCPP.

The delay has got nothing to do with a PPA being complex. LC is as frustrated as we are with the TG.

Wimbo. I agree that we will see but it certainly won’t be soon enough for me.

If there was anything bad it would have been RNS’d.

I was speaking to them only 10 minutes ago. The only message I can give is to remember the great fundamentals here.

Any economic turndown in Tanzania must, at least in part, be due to the huge self inflicted and ongoing structural institutional change. A recent article posted on here suggested that Tanzania is now seen as less investor-friendly and every shareholder here can certainly attest to that. We therefore have a ‘chicken and egg’ situation whereby it seems the government hold things up because they are afraid of being ripped off by foreigners and foreigners are becoming increasing uncertaint about investing in Tanzania because they expect the govt to distrust them. It’s a good job that LC is trusted otherwise this might have taken a lot longer, god forbid.

Nice post Dave.