RE: Half way through September...17 Sep 2021 09:57
I'm not expecting anything until the week beginning,27/9. Of course news could pop up next week but EDL like to take things to the wire. There's little point in guessing, whinging and whining as it serves no purpose. The talks with the TZ gov. contracts, and production updates may be released anytime in the next two weeks but knowing EDL I shan't hold my breath, the only thing we can guarantee is that they will be released that will be the time to complain or congratulate or the I told you so brigade to jump in.
3.14, the distance from Sumbawanga to Tanga is 900 miles by road about 20hrs driving. It was the coal fired power station I was interested in, EDL did mention in a RNS, what seems like an age ago, That they had interests for coal supply for another power station in TZ. Nothing but curiosity on my part.
RE: Makes you wonder in light of the27 Aug 2021 12:59
EDL can get the coal out of the ground and they are going to prove it. EDL's mistake was mining a non commercial area, which begs the Q why after the drilling and testing. The forecast income they expected in 2018 never materialised, what cash they had was wasted digging up mudstone and stock piling fines, which they are now selling. It was a mistake which they are putting right by mining The new northern area hence the local and international interest in their coal plus the original reason for the development of Rukwa, the CFPP. Where ILTL fit in now remains to be seen but before the pandemic they were keen enough to run the mine with the intention of exporting Rukwa's coal there's been no reason as yet put forward that they have changed their minds, why would they with the current demand for coal? Have a good BH all.
The interims, which could turn up anytime from the middle of Sept. could be the next build up on the SP. At least it will be an expected update. We should know then the status of any expected contracts plus what the coal production really is. Not to forget the discussions on supplying the CFPP.
RE: Tanzania: Coal to Produce 200mw As Tanesco, Stamico Ink Deal19 Aug 2021 10:40
Aerial, I agree that any news could come as a surprise to the general market but I doubt any co. is watertight. There's an old saying a secret is no longer a secret when two people know. I don't think that I've known such a long extended period in EDL's past when there has been so little interest in trading. I think that they've migrated to HE1. We do know that in the next 6 weeks there will be news due to the interims with whatever impact that will have on the SP. The run up to the interims will be a lot different to the current level of trading. Just my opinion!
RE: Tanzania: Coal to Produce 200mw As Tanesco, Stamico Ink Deal19 Aug 2021 08:18
Given TANESCO's acceptance that coal is the quickest and most reliable approach to the energy shortage that is holding the countries economy back, it would seem reasonable to expect a mention from EDL as to their expected involvement via a CFPP in their next news release. The lack of any volume doesn't indicate news imminent.
It's convenient to quote current energy production, what is important is the future production requirements ,that is what the TZ gov. is looking at and there is no way renewables will be able to supply that demand even if they do play a part, therefore coal which is fast and currently cheaper more reliable and more controllable to meet unexpected demands, that is why the TZ gov. are choosing coal. I don't believe that N1 believes the rubbish he is spouting, his main purpose is to antagonise anyone who bites.