Aerial, in profit well done wait until sos hears that! The one thing missing at the moment is the doom laden it will never happen brigade, of course I may have spoken too soon, LOL
And that is the motive for the drop. The pandemic is not the reason as Tanzania is back to normal working as if there was no such thing as a pandemic. We are down to days not weeks before we get some news definitely an interesting period!
Mr Nation it won't be long now before we know. Tanzania is being encouraged to increase its power production with international aid. A CPP would be a reliable source to fulfill the energy needs. We have the coal right next to the proposed substation, it's a no brainer. The end of next week could see a change in trading even without the expected updates.results could be out the following week of not before. I expect ILTL to give a substantial update after running the mine for a month.
No concerns just curious. Having re-read the recent updates I see no reason for the current SP apart from manipulation. I know it's been said before but I can see this SP disappearing in my rear view mirror in the next couple of weeks, unless of course we have a repeat of 2018, I do not believe that to be the case!
RE: Re: If it’s not today it could be tomorrow15 Sep 2020 16:01
Perhaps I'm missing something but are the results not delayed due to the pandemic with the annual results due at the end of this month being delayed from June. 2 to 3 weeks we will know.
Aerial, just a quicky, you could well be right any day from now this could take off as they are quite capable of taking the market by surprise. The recent news releases are an improvement on the 2018 misleading releases. If ILTL can convince the markets that they can get the coal out of the ground to customers accepting that the wet season is due, bearing in mind that the CPP is in the background, I can't see this being held down much longer. BB could well be right.
If not there's always next week and the week after, LOL. I remember a post by (I believe it was Big Boffer) some time ago? 18 months/2 years ago, who said, "given the right news this could go up 10 to 20 times in as many minutes" he might just be proven correct. Depending on the updates etc. In 3 weeks we might know.
Then he will be asking other posters what we have been writing. Not that it matters I have my own ball to play with. Looking forward to the next 3 weeks.
How long will it be before we get the go ahead with our proven reserves. AM plus N.V. Schirnding will prove what they are there for in my opinion, in the not too distant future.
Hopefully, that will be evident in the coming months, value/worth is what keeps traders going. We shall see how they succeed in getting this stuff out of the ground and delivering it to the customers.
RE: Re: My worst share of all time !7 Sep 2020 14:06
Pidster, to save going through the RNS's you could read Aerials recent posts, and that might help you decide. I'm content to average down at this price but that is a personal opinion. I have not sold any in ten years, so I'm owed a bob or two which I expect to recover fairly quickly now, things can change of course, that's AIM.