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Alan Golding has been employed to determine the next best sites for coal extraction. His initial efforts have uncovered a previously unknown seam (yet to be tested) with potentially sufficient coal for several years.
The original 30yrs estimate does not take into account the expanded licence area, which is a substantial increase, although there has been no further mention of it I'm assuming EDL still hold the expanded area..
The talk of supplying CFPP's is just talk at the moment but it is the quickest route to power generation which TZ desperately need. Other countries have no qualms about using TZ coal so why should TZ miss out on power generation especially with the new technologies available.
3.14, that is what has been discussed, we don't know what the production is and won't until the update, we can't assume but we can hope that things are changing with the effort that has been put in re maintenance and improving efficiency bearing in mind the limitations of the wash plant.
The employment of an engineer to search for more productive seams doesn't sound like a company that will not increase production but is preparing for further investment in plant in the near future.
3.14,
If RAB and Cantor Fitzgerald are willing to put money into this company then I can only assume that they have an idea of what is coming, that is a sign of confidence in the current management but we still need that update.
I don't think that getting the coal out of the ground is the biggest problem, it's the processing and reliability of their 2nd hand equipment that is affecting coal for sale.
10m Mcap would be a nice starter .
Ping Noel, is that a hint of news to come?
Is wait a little longer longer than soon?
All we have done over the years is wait, soon, near term and production ramping up are familiar expressions , none of which have had any basis, I'm hoping Noel can live up to the optimism he displayed in his podcast/interview.
Re Rufus, looking back at his production forecasts you have to ask ,what was he lacing his morning cuppa with because he most certainly was not on this planet.
SEP. 21. A meeting was scheduled with the TZ gov. re supplying coal for power production, I assume that it was cancelled as there has been no further comment on that.
At this moment in time EDL are struggling to keep up with the low rate of production to keep the lights on.
The next update will hopefully show a change and more reliable figures.
Ask Rufus, it's like his 4k to 10k TPM, LOL.
I see continues, no production figures for Dec.
Nothing as yet to indicate imminent news.
As usual it makes you wonder what they are holding back.
+/-.
Who knows? at least it's the bid that has ticked up!
We all know that there's an update due, what it contains is a different matter and will determine the direction of the SP.
let's hope that it's just a one off.
Silence has always been the harbinger of bad news with EDL, let's hope it's not a sign of things to come and the current board really is turning things round.
That would apply to any small operation, sadly it's something that EDL have failed miserably to do and yes the next update will tell us if they have managed to clear that hurdle.
The EDL website is is still claiming 4k TPM, something that as yet has never been achieved.
Is never golden when it comes to EDL!
The demand for TZ coal has increased with exports to neighbouring countries, Europe and the far East increasing, I'm hoping EDL can at least make a contribution to those exports with the demand from their neighbours.
It would seem that TZ intend to invest $50b in transmission of power over the next 20yrs. $30b of that for power generation.
West TZ will need some form of generation due to the cost of transmission.
You have misread my post the reference to coal was for the generation of some not all of the short fall in energy generation.
Yes coal will be necessary for the infrastructure.
Coal will be needed for power generation for some years if TZ wishes to build it's productive economy.
Article in The Citizen,.
The Julious Nyerere hydro scheme ( they've started filling the dam) will increase the electricity supply upto 3800 megawatts , currently 1500 megawatts.
The requirement for the country for the 60m population is 60k megawatts.
I can't see that happening without coal and we have plenty of that. Merry Xmas all.
So next update will be Jan. let's hope that production has continued without machinery failure and it really is a happy new year. GLA.
Well the traders have pushed the SP down since consolidation, let's see how long it takes for them to push it back up . The early results plus this morning's RNS tells me that there's more solid news to come in the near future.
T72, I agree with what you say but no further mention of intention to increase production would appear to be a problem other than hiring and floodlighting, l do realise that there are other aspects to increasing output.
What has been brought into the open is what a shambles this outfit has been, the removal of senior managers and suppliers plus some stake holders doesn't make for good reading, like you I would not be surprised at some more news before the year end in light of the new investments.
With a Mcap of £2M it's not exactly a huge investment but still encouraging.
if they have the demand for their coal then why has there been no effort or seemingly no effort to increase production via increased hours , is it that the washer is still not robust enough for the extra load?
As always we await the next update.