Member Info for BilboMultiBaggin

At the end of the day, my thoughts are.....We all know aim is a very risky market, as they are mostly just shells, I understand the frustrations, but RS has got us into production without creating dept.... I've been in so many companies that get to this stage, and then watch the dept kill us.... I know that not everything Is going the way pi's wanted it to... But IMO the recent fund raiser was the lesser of 2evils

If RS gets his finger out, our mines could be Stupid phone lol

I think glen ore produced 31m tons of coal this year.... If RS gets his fingers our mines would have depleted in no time at all :-p

Norrab, you know as well as i do that China agreed to close coal plants, but they will only shut the dinosaurs that should have been de commissioned decades ago, to keep the tree huggers happy...

Hahahaha that's why there are over 800 coal power stations in America, China has even more....hundreds are either popping up or being planned all over Asia and India, Japan are moving back to coal after the tsunami caused that nuclear disaster...... And Germany have more coal plants than most of Europe put together.......why is it such a sin for Africa to have a few ? Please tell me why? After all the USA uses more power just to light Christmas decorations than the whole of Africa uses all year Why is coal dead..?

We are all entitled to our own opinions, Sean, I have aired concerns recently, but they differ from yours... I was under no illusions, as to what it was I was buying when I first bought shares here... if that makes me a happy clapper so be it, I won’t lose any sleep

Lmao, I really do wish you all the best of luck with that! ..... If you all really think RS is not the best man for the job....your asking all the wrong questions...

Pie, there's also a mention of them in the March 2017 rns, Dont forget back in 2010 there was a new mining act that was past throughout Africa Upendos have obviously done a lot of mining in TZ, and there focus may have been other projects at the time, I would imagine I any assets they couldn't afford to develop got sold or revoked

Partner, that's your answer, if that's the word they've used.... Regarding machinery we most likely pay a hire charge on machines we don't own, So the more machines we own the cheaper our production costs, If one day we own all the machines on site .... We only pay upendos a labour bill as opposed to, plant and labour That's how I view it any way

I'm trying to find the relevant rns to read quickly first but I can't seem to find it.... But I was just under the assumption Edl had contracted upendos to do all the mining. please correct me if on wrong on this

3.14, Edl have barely started mining...... This isn't going to be a 2-3 year project..Edl need to set the mine up for a much longer lifespan, cut corners now, and we stand to pay for it later on down the line.. Production has be disappointing I agree, based on RS 's targets, but if RS has taken a decision to develop the mine now to save time money later on in the project, it's all worth while... Also this is just IMO The deputy minister of minerals, would have also asked fo certain upgrades, on there last visit....we can't ingnore them, they can shut us down... Someone else also asked today why we are opening the 2nd mine... I've said I'm not happy about this, as it would be way cheaper to up production at the 1st mine... But I can only assume it's int the Ts and C's of owning the license. It been well documented that TZ wants to revoke licenses that are idle

I just think that that bonds may or may not cause a short sharp spike when there launched.. But it's going to take quite a long while before they start generating any real income, so I'm not overly fussed if this leads to any temporary delays

Larry I can only compare Edl to other aim miners I've watched go into production .. I've watched RS dodge many of the pitfalls, that I've seen so many times .... No one like dilution... but we have no dept... And I think that speaks bundles.. Because most of them continue to raise funds, not only for running cost but also they have to pay back what they borrowed as well.... 2nd point is that it was only a couple of weeks back that everyone was complaining that we had signed no contracts... IMO how much in fines do you guys think EDL would end up having to pay if couldn't deliver ?

Mccobr I couldn't agree more with your 2 posts today......

Is Krispy on holiday again ?

It always been the LSE rules that your not allowed to post emails from the company... as they can be tampered with.... read the chat rule book

I just want to be clear All my statements tonight are simply the way I see things too date..... My prediction of 10k per month is based on running 1mine....not 2

I think RS target of 10k per month is most likely where he see us starting to make profit from the sales...

I very much doubt there was hardly any profit, in the trial coal, as opening and development of the mine would have wiped out most of that, and will probably continue to do so throughout the next year or so

Did you guys all think RS was going to open the 2nd mine with nothing but shovels and wheelbarrows ?