I've been expecting things for years, as have others.
We've spent millions and achieved.....what exactly? Nothing in terms of shareholder value. If you're a long term holder and not traded or averaged down, you must be looking at about 5% left of your initial investment. If all my investments did that I'd be living in a tent.
Our business model was built on RCPP as far back as September 2013 (the scoping study). We then got RAFCO on board to look at investment partners, Lahmeyer undertaking the Power Plant Feasibility Study, Sinohydro etc etc.
September 2013 RNS snippet " We will also engage in discussions with TANESCO and other parties regarding a long term power off take agreement."
August 2021 RNS snippet "with discussions with the Tanzanian Government on power station supply options planned for September 2021."
In eight years we've seemingly achieved little towards the RCPP but chase our tails and go round in some very large and expensive circles.
It's the guessing which brings frustration, which brings the dissatisfaction, which brings invested people like me to look back at the past and feel like we've never really moved forward since the excitement of the Scoping Study and the hope for RCPP...eight years ago.
And worst of all, the market sees it.
Only our BoD can change that - jam today RNSs needed Alistair.
Where have you been since March 2010 Sausage?!!
There is zero confidence in our RNSs - zero. The market is not stupid. I read posts on a few other boards where I have shares on my watch list and some people post things like the market has missed the true value / hasn't woken up to this yet etc.
The market misses nothing and at the moment with us it's, still, all talk and no substance. Until that changes, why would the market see any significant increased value in us?
We've been talking about 10/12000t per month / CFPP for years - and delivered neither.
But the BoD will all get paid...
Every single day this goes on we're looking more and more like an AIM lifestyle company for the Directors. They have to change the market sentiment.
Agreed - we are a coal miner who cannot break even or realise profits because we cannot get the economies of scale from our mining.
It has always been the issue and there is nothing, yet, that suggests it can change. Perhaps ILTL have seen that.
Frustrating times, still.
Sausage - it's just talk until anything concrete is anounced. And, yes, it's been talk since October 2017.
It's the same as the CFPP. The whole business model was set up around RCPP back in 2013 when the Scoping Study results were released. The Government then pulled the plug, then it was we'll make a success just as a coal miner, which we've failed at and now we're talking about a CFPP again.
That's one great big circle.
I also need to dig out the very rough calculation of how much coal a power plant needs - it is huge amounts, upwards of a thousand tonnes a day for a smallish plant if I recollect. Therein lies another challenge.
Since we started washed coal production 4 years ago we have lost money hand over fist - millions - all funded through dilution. Not that the BoD have missed out.....
The August RNS was yet another hopeful news release. Until we get some proper actualised figures on sales, revenue and profit, it's all still conjecture. I suspect those figures won't come to fruition until our Annual Results (summer 2022....), but I live in hope.
No, there is still up to a month's extension under the Covid flexible approach to AIM Rule 18, but it has to be RNS'd if they agree an extension. In theory they could do that anytime up to the end of the month.
Although tomorrow never comes...
The risk of course is we mess around for yet another year and simply burn cash. There's still a lot of noise and talk in our RNSs.
"For the next month the Company expects to sell a total of approximately 2,000 tonnes of washed coal, with sales increasing towards 3,000 tonnes a month over the next few months, without including any additional orders"
And then it's the rainy season.
Not even a mention of ILTL in the August RNS - is that deal dead?
Sausage - I don't personally see a placing coming, but I do see potentially poor H1 results and minimal update on actual sales, as opposed to the jam tomorrow RNS of 24th August.
I'd also like someone to show me where the actual concrete commitment is for this CFPP. It is still all talk, as it has been since 2013. By the time somebody commits to building it we'll be using nuclear fusion power.....
"Expected, positive sentiment, potential, up to, further testing, continue to pursue, continue to pursue additional supply opportunities, continues to review"......
Perhaps if the BoD gave us something more tangible and concrete in our RNS updates the market might start to recognise it in our share price.
The question is, what have we actually achieved in H1 this year? Not long to find out. GLA
Aerial - number of seasons please?
What were the other questions you asked me..
Interconnector - I've responded
RCPP - erm, for someone who has mentioned Sinohydro so many times, I clearly don't know anything about the RCPP
Consolidation - so, how many times have we consolidated over the years and what exactly has it done to the share price
BTW, your rant at me about the seasons is now on page 271....it's not about the weather
It's indisputable facts - apology?
One for you....amazed it's still there
Facts are facts aerial, aren't they?
Finest example of a poster getting attacked on here for absolutely no reason whatsoever, wouldn't you say?
Aerial - you miss the point.
It's about your bigotted and arrogant responses to my post about the rainy season.
And if I could be bothered to find it there's an exchange between us some time back about the World Bank and links to the Interconnector project documents, so I clearly have no idea.
Why don't you share on here the posts you did in response to mine about the rainy season?
And everyone can decide for themselves.
Closing one from me as I'm bored of you - how many rainy seasons are there in the area of Tanzania where our mine is? And I bet you try and make some sort of joke out of it.
Indisputable facts Aerial, not opinions.
Looks like the cavalry has arrived. Good evening bigeye - anything factual or of possible use to other investors that you want to bring to the conversation? No, thought not.
Aerial - where did I say my research was superior? It's not research it's indisputable facts.
Still you argue against indisputable facts.
But the issue I have us not about the facts, opinions etc.
It's about your reaction to that post. I'm surprised it's still in the posting history.
Shall we start on climate then?
Invested in a Tanzanian coal project for nigh on ten years with limited appreciation of the potential commercial impacts of the climate and resulting weather patterns.
But to me, that wasn't a problem, as actually we should all be here to learn from one another's knowledge. Isn't that what these boards should be for?
It was your responses to my factual post that have to go down as the most ignorant and bigoted posts on here, ever. And still you have never accepted the facts or apologised for those responses. I'm truly not bothered you didn't know, but your reaction was just inconceivable.
Look at your post this morning at 7.45am - and you wonder why the bickering starts on here.
What ever happened to the factual and well researched aerial of several years ago, whose posts I and undoubtedly many others really appreciated, as it shared knowledge on our company? All it seems to be these days is snipe, try to undermine etc
Perhaps even you have secretly been worn down by our continued failure to deliver.