Member Info for esquimo

I wonder what the next target date is for production to pick up, several months?????
2k tonnes when they as yet can't manage 1k in 3 months!
The only ray of hope that I can see is that the major holders aren't selling.
What a fiasco the previous 14 or so years have been.

I've followed this share from it's early days of prostate diagnostics, the SP then was 1/1.5. having only recently invested here (12 months) and now in profit, the SP has yet to achieve those early levels.
The future expected income is huge, yet to be confirmed!
I find the selling by a few to be odd with being so near to the expected increase in income.
For me this will be a strong buy for some time to come.

We should be getting the results of the dispute with Upendo plus the Environ refund this month.
April/May whether or not we are fulfilling contracts and able to increase production to more than 2k tpm.
I think crossed fingers have now fused together.

There's plenty of info on the BB plus the RNS releases. We are still below 1p as before consolidation, so some ground to cover yet, that could happen in the blink of an eye with the expected news which is imminent.

Well minimal production/income for the next 3/4 months of the wet season.
That should be an opportunity to organise the workforce for increased working hours to increase production .
They are confident to agree 2k tonnes pm. they should have no problems doubling that at the end of the rains with the existing equipment. They might just get things moving before the next short wet season.
Whatever happens I'm in to the end hopefully of this debacle and looking forward to the next update.

The section on the wash plant isn't totally clear, they're negotiating contracts for (up to) 10ktonnes pm. They are looking for a washer as that will be essential to increase production above 10k tonnes pm. They've previously stated that the existing washer has very limited capacity, so for me a new washer is necessary to produce up to 10k tonnes pm.

That says they have a rust bucket for wash plant and no real income this year apart from keeping the lights on.
Strange going on with the bank account?
The production less than 2k tonnes per month until June, if I've read that correctly.
What will the market think of that???

I can guess so I'll leave it there.

T 72 ,thanks for that , you don't post nonsense so I assume that your comment had some foundation.

It's been imminent since Jan. The last update was Dec.
It would be interesting to know if imminent was based on ear to the ground info or just speculation.
My memory of imminent re EDL was sometime ago and that took over a month.

It's for sure that the one thing EDL have excelled at is their ability to disappoint. 2 clear months with no update (as yet). The price of coal has plummeted, and the lack of trades is no indication of news.
Another month or so before the start of the wet season, let's hope that they have the necessary stock pile.

Continues, I've concentrated more on FDBK, which will continue it's move this week with what looks like substantial contracts both in the UK and internationally to totally transform this company.

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.
+/-.