Member Info for esquimo

Missed the LOL of that post.

each tick up results in the full ask being paid, more to come me thinks.

is persistent, remember folks coal is dead,

Slowly closing the spread, the demand is there and full ask paid.

I wonder if this is just an appreciation of our current situation or whether there's more news coming?

I would like to see it closer in the right direction.

Aerial, re the negotiated deal, that is something we would all like to see LOL

Nothing to say other than strong buy.
To quote aerial ''not long now''.

Can't beat starting the day with a chukky egg and a chuckle, what say you SoS.
Things are looking better and better.

still trying to sell cars with dodgy engines and it would seem with some success, LOL

Aerial you are absolutely right, with all the problems of the last 12 months, we can only be encouraged by the response by the investors, I believe the offer was over subscribed, RAB on board is a big thumbs up.
If only we had their info. £3m MCAP, not for much longer. We shall see what the market thinks in the coming weeks.

12500 tonnes.per month.
? Operating for ? number of days, ? number of hours,
Is it double or single shifts.
The intention of ILTL (if my memory serves me right) was to increase production to 20,000 tonnes per month to supply an expected increase in demand.
I assume that once ILTL take over the updates will be more regular re production and cash flow.
Everything to look forward to now.
We may have to wait a short while to appreciate the impact of ILTL. to justify the last 3 years of averaging down. I wonder what the run up to Feb. will bring?
GLA.

We need the first batch of profit takers out of the way before the next move up?
If ILTL do manage to take over in Feb, coupled with the new contracts this should really take off.
For that poster asking why I said a strong buy, I think that question has now been answered.

I remember when the two gentlemen behind RAB were deemed by the market to have the Midas touch this is not an insignificant addition to our share holders.

Well said BE

TRP-BPC as I've said with ILTLs involvement, assuming they are still involved this will be a different ball game, of course it could go wrong if ILTL can't get on site, so it is just my opinion and I'm happy with that.

The problem EDL had raising funds was one of their own making. In 2017 the start of production and into the start of 2018, EDL gave the impression that they would be producing enough coal to to satisfy customers ie. 10,000 tonnes per month with the option of selecting only those that could be trusted to pay. They also gave the impression that the demand was in excess of 10.000 tonnes. this was followed by some shall we say iffy RNSs and long periods of silence, the end result was a pile of fines and rubble with only a few hundred tonnes sold leaving them more or less broke.
I remember a comment from J. Malaihollo in one of his RNS's saying that 1000 tonnes had an income value of $100,000 when transport etc. was considered, I have no doubt he regretted saying that.
So it is understandable the PIs reluctance to raise funds.
I fully understand that with ILTL involved we are/will be in a different ball game, if the current production was that good we would certainly know about it , there is a huge market out there and we have the resources to supply it , at the moment it is just a waiting game.

3.14, EDL have the continuing constraint of little income through poor production/sales, they have been developing this project on a shoe string, the target being the MCCP which was ripped from under their feet. They have been going round with a begging bowl just to keep the lights on. ILTL is the road out of of this situation but the necessary permits are being with held by the TZ gov. EDLs cash constraints have been magnified by LINDs demands and as yet we have had no updates as to the progress with either of the two issues. I can't see ILTL holding back their personnel just to see EDL scratch for fuel for there machines whilst trying to produce saleable coal, so yes EDL need to get moving but they do need a little help.

Uganda are looking at Mbeya, Rukwa and Njombe, EDL are producing coal, or will be when ILTL are installed, so you have to ask why the delay with the permits???? EDL must surely be at an advantage with a working mine and suitable coal. For a president who is claiming to boost the country economy he sure has a strange way of achieving it.

At the current Mcap a fraction of the real value, not beyond the realms of the imagination!