Member Info for GreenWolf

Sausage - it must be obvious to even the most bullish of PIs; there is always an excuse for things not quite turning out right, as there has been since October 2017.
I am truly hopeful that a delay in our December figures is due to there being good news, but our historic form on there being no news is normally because it's not good news.
I continue to be frustrated and bearish I'm afraid, but GLA.

There was almost a twinge of excitement when I saw we had a RNS at 7am.....almost

Come on Alistair - you could have bolted an operational update onto that RNS - it really doesn't take a week and a half to pull together the figures from December.

Not sure we need a placing? Even our BoD surely couldn't burn through a c£2.5m placing in, what, under 8 months? Plus the £900k they raised this time last year......

Operationally our accounts tend to suggest we're losing c£100k per month, but hopefully that will be less given the (limited) revenue we have been earning over H2 2021. Although we wont really know the potential upside of that revenue until the Annual Report in June 2022. In the interim, we're just guessing as investors as to how much money we are / aren't making, unless of course we get some tangible revenue figures from Alistair. I suspect we won't.

I also don't expect the operational update RNS to be quite as timely as previous months given the break over Xmas, but they do need to keep it going each month. GLA

In all honesty Sausage, I don't read it that way. There are a few other shares across the board that have similar RNSs. It is a process driven RNS than anything to be worried about.

That said, I was hoping for a different RNS to the one this morning.....let's see what the next few days bring for us. GLA

Let's hope January 2022 brings us the new year cheer we've been missing for the last four years.....
Merry Xmas all

Sausage - you were talking about 10000tonnes per month...and I saw a pig fly past...and your name is Sausage...and there was no pun intended

Sausage - no pun intended but I've just seen a pig fly past....

The thing to consider with some IIs is...where is the TR1?

Nobody sinks £1m into a very high risk AIM stock without some serious risk mitigation. I suspect that mitigation strategy is being managed by one of our nominee holders. What they are doing in the background is anyone's guess.

Look at it this way - Tony bought his shares at 25p - the share price throughout the whole of May was 35p+ or an easy 40%...
Anyone remember the Brian McMaster loan of £100k in November 2019....repaid in February 2020 for £120k.

As most of us on here know, you don't get (or stay) rich by leaving big chunks of money in AIM shares

Sorry, been watching some paint dry....

Is that you again?!!

I vaguely recollect posts from Diggerman saying they only had one excavator.

I've interpreted today's RNS that they only have one - "the excavator"
"November 2021 was both positive and frustrating. On the one hand ROM production continued to improve, but sadly operations were hampered by the excavator being offline for half of the month"

If we have so much clarity on orders from clients, why are we not hiring in additional plant? That makes no sense to me.

If you had been digging with a spoon you would undoubtedly have been more successful sandal

Pi - "so now we have a problem"...how long have you been here??!!!
We have endless problems . I'm convinced Alistair needs an agony aunt, not coal sales.

I have seen nothing in the last four plus years to convince me our mining business model works and I think ILTL have potentially seen the same...and I think they will walk unless we can convince them otherwise.

I so want to be wrong, but we keep going round in this great big circle and we seemingly get nowhere. Yet another calendar year slowly coming to a frustrating end.

Tonno - I actually don't disagree, but we have been waiting on glimmers of hope for way too long. The share price demonstrates what the market thinks.

"The wash plant is now processing material to fulfil requests for coal that have already been made. Management expects production levels to increase over the coming months and are currently targeting production of at least 10,000 tonnes per month by January 2018" - that was 9th October 2017.

It's just one issue after another...and the market is clearly tired of the continued reasons / excuses.

Yawn, more issues. And Alistair is preparing us all for the great weather ahead.
Although if you believe some posters, who have allegedly worked in Rukwa, the rainy season isn't until March.

I agree esquimo - nothing on CPP talks, which would at least give us some visibility of what's going on with regards to that
But then still nothing on where we are meant to be investing that c£2m from May....

A really inspirational RNS as an Xmas present would have been nice Alistair. Here's to 2022 then. GLA

I suspect we could probably build a small CFPP near Rukwa in a few years, but we've got to go through the process of getting to build approval first. That timeline doesn't bear thinking about as things stand.

With no-one currently saying they'll pay for it, you're back to square one in terms of feasibility study, commercial VfM / BCR etc.

Like I said earlier, at the moment it is still nothing but a pure dream regarding the a CFPP business model.

But, if (and it is a big if) we can actually get to breakeven, that changes things massively, because we can then potentially wait on the sidelines for something bigger to come along. The potential downside is shareholder return, whatever that means. GLA

Indeed they are, but I'm not aware they've started building it (are they still going through land compensation?). Wasn't it a 10year build programme?

There is no commitment or funding for a CFPP - we can't raise that sort of money and I can't see the Tanzanian government finding a big enough sofa with the kind of money they need stuffed down the back of it. The World Bank don't fund CFPPs anymore and China's investment in power stations is now locally focused.

The interconnector and sub-station brings opportunity, but it doesn't get away from the need for a very large capital outlay on a power plant. And there is also the question as to whether the business case can still stack up given the potential phase out following COP26.

It is still, 8years+ in the making, a dream for us as shareholders. Nothing more, yet.

September 2013 - we published the results from the scoping study which recommended a coal to power project.
Over 8 years ago. I dread to think how much money we have raised over that time, although I'm sure plenty understand how much it's diluted their investment.

There's just one small detail - who's paying for the / these CFPPs?