Member Info for esquimo

yes it is and my guess (only a guess)is that the trades this week will reflect that.

143m tonnes before we get into the expanded area, RAB are no mugs.

somebody's not listening to the nob.

what the predictors of a share price drop on consolidation are thinking now!
This is looking better and better, I would like the bid to catch up with the ask though but not complaining.
buys x2 to sells so the rise looking more set.
The news on ILTL plus new contracts is going to have a substantial effect on the share price.

3 @ full ask, there could be more than one tick up today.
News could be imminent??

I hope we can say the same, "good cooperation between the various departments".
Contracts in place on handover, profit on every tonne of coal sold, plenty to be optimistic about here.

33/37 will the bid follow????

The closing of the spread by the increase on the bid is the most positive sign we have seen for a while.
To quote another poster "not long now"
Kibo is also doing well.

There's little to be achieved by arguing over past mistakes, the original mining area was a poor choice and as time has proven uneconomic too much wasted time digging up thin layers of coal and thick layers of waste, something that was kept from the shareholders until they had no choice but to move into the current area, which has proven to be more economic, hence the interest and oversubscribing of the last cash raise. you don't get people like RAB on board of a lost cause.
The SP manipulation that is going on at the mo will always be there at different levels, we would all like to see these people get burnt.
I can't disagree with the over ambitious forecast in 17 followed by the RNS's of 18 the long silence followed by the truth about the production figures and lack of cash to progress. That has all changed, they have the finance and backing of important players, how that affects the value of my holding remains to be seen but I'm hopeful of a major rerate starting with the takeover by ILTL.
It's taken some time but the coming months should see a profitable change for EDL.

Pidster, I understand your annoyance at losing money but after ten years (about the same length as myself and a few others) I don't why you have stuck it out this far and now advising holders to dump EDL. I and many more would be happier if the money invested ten years ago was invested at this price. We are now on the verge of becoming profitable as and when ILTL take over, I like you have averaged down, mainly in the last 3 years and expect to recover what I've invested with interest. Why throw in the towel when we are so close to , what we all invest for and that is to profit from that investment.
There will no doubt be some disagreement to my views but those are mine.

how close that (whoever is selling) will get this to the placing price before they fill their boots?? Which are apparently filling up with water at the mo.

Diggerman, I believe the original BFS was at Sinohydro's expense unless EDL cancelled or withdrew, I'm not sure how that works with the cancellation by Magufuli.

Diggerman, interesting but did not the original BFS for the smaller station include those details for the smaller power plant which encouraged the increased size of the plant, although abandoned by Magufuli.
A concern at the moment is Islamists stirring up trouble on the border with Mozambique with the disgruntled Tanzanians.

SoS, I bet you complain when your Easter eggs melt when you boil them.
Hay Zooos

SoS, as a long term holder you may remember when EDL were looking for customers and saying that they expected to become a serious supplier of coal to E Africa, that they were looking at feeding not only their own CFPS but others towards the coast ( not the exact words but that was the aim) no further mention of course but it must still be a consideration if/ when they as aerial said they achieve both quality and production.
That might seem like a distant quest at the mo with Magufuli and his crazy drinks but hopefully once ILTL take charge and the export of coal is in place plus EDLs locally source customers, those ambitions may not be so distant.

I have no doubt that there will be CFPS, it's the reason I keep doing the odd top up. At this moment in time it is the quickest, cost effective road to electrification and it will happen quicker than some posters are claiming.
Now the most important thing is ILTL and production.
Let's see what the remainder of this month brings.

I see TZ have their own cure for C19 A VEGETABLE SMOOTHY, it is so unbelievable it is insane.

3.14, you are right, I seem to remember them leaving MUZE, the 173m included MUZE.

£1
173m was RNS'd so will still be there prior to the BFS
We need the same people involved with the Rufigi project, they will no doubt build a CFPP, for a third of whatever is the normal cost, and in a third of the time.
Not bad for people without that engineering experience, as with most things we get what we pay for.
Let's next week shows an improvement in the build up to the take over by ILTL. It will happen as will the further contracts.

With whoever it is selling to keep the price down when they could have sold at a higher price, good for top ups.