Member Info for GreenWolf

Sausage - https://www.tanzaniatourism.go.tz/en/tanzania/facts/climate

bigeye - and you just call people names, that's reality

Sort of beat me to it Sausage and agree with you.

The market doesn't trust our messages anymore and we just need to demonstrate progress and profit to properly see the share price rise and hold. Alistair has alluded to that previously in his podcast when he talked about false starts and the need for numbers.

That's not negativity, it's reality.

We just need to deliver tangible progress and the handover is the next crucial step.

Yes, Vox markets is good, as is Investegate. LSE's reliability on RNSs has been patchy for sometime.

esquimo - AM is 69 this year so I don't read too much into his role being changed. I would think he may well be retirement planning. He's also a British National who is a French resident, so I suspect that Brexit may well have had a say in how he is now operating.
The ILTL handover and contracts do have the potential to be game changing for us - it's another piece (or pieces) of the jigsaw. But we need the numbers to back up the promises to ensure the market fully trusts us and we can properly re-rate and hold the rise.
This time a year ago we were hovering at the equivalent of 50/55p - we need to get back to that first.

Jezzac - 95% of electricity in the US does not come from coal - it's probably less than 25%
But it's irrelevant anyway.
Coal is an important fossil fuel for developing nations and we have lots of it.
We just need to get mining it at a profit.

Rolling - Five year high would probably be about £10, or 1p in old money. I'd settle for retirement on that.

Sausage - not something we're definitely party to, but I suspect Alistair was an interim arrangement.
Whether Nick is primed to be our CEO, only time will tell, but depends on how he balances all his other commitments out such as Arc's Chairman etc etc
Nick has incorporated two new UK companies over the past six months or so - Cosmos Exploration and Sustineri Group so he does have a growing portfolio.
He's also a Director of Jangada Mines, which happens to have.......Brian McMaster as a director and Chairman.
Seeing the links?

I would suggest that Alistair is probably starting to plan a bit for proper retirement. He is 70 next year.

Jezzac - have you actually listened to Alistair's interview from August 2020??

Sausage - Jezzac is under a new moniker and a long term holder on a free ride with his shares

Moaning about what?

aerial - it's because of the way you want to read it.

The Lind issue getting resolved is a huge milestone, we now need ILTL to take over and then demonstrate to the market that they can make the mining operations profitable, something we have failed catastrophically to manage to do since October 2017.

Alistair said it - it will take numbers to get us moving - it's not a negative, it's what is needed for us as investors to get the share price properly re-rated.

If we were still built on sentiment we'd be back at 0.06 / 60p plus after the RNS on Friday.

Rollinginit - I disagree, predominantly based upon the number of false starts we have had (Alistair's words) - we're no longer trusted by the market. He did an interesting podcast with Zak Mir back in August last year - it's worth a listen.

There have been numerous forecasts around production, contracts and sales and a litany of excuses as to our failure since we started washed coal production in October 2017.

It's hard facts and numbers the market needs now to properly re-rate us.

Cricket - You've used revenue figures based upon output and the sale price of a tonne of coal.
The key metric in all of this is profit.

The resolution of the Lind issue is a very important milestone.

We then need the ILTL handover which should happen next month. It's absolutely crucial that we have ILTL up and running at full capacity for when the six months of dry season kicks in. Our output figures will be different in the wet season to the dry season, so we need to be making big strides this year from April onwards.

The key then to a sustained rise in our share price is demonstration to the market that we are achieving sufficient sales to pay our administrative company outgoings and make a net profit.

Don't get me wrong, the positives are coming and we're going solidly in the right direction, but we still need some important parts of the jigsaw to slot into place before we properly re-rate and hold that rise.

Yes - that's allegedly called forward selling if I recall.....
If those are both sells of placing shares, that's over £20k profit on a c£170k investment (c12%?) - let me know where you can get that sort of return in a few days and I'll remortgage my properties
Our share has a historic habit of jumping up post placings and then dropping back. It's exactly why I have said on here several times before that my belief is a fair few of our IIs are actually de-risked in their holdings, and some possibly on a free ride.
This has been a traders dream for some time now. And of course if you're "in the know" there is very little risk on your investment.

Crystal - I don't trust them either and the signing of the CLF was a key reason I became very edgy about us as an investment. It's not called death spiral financing for nothing.
Lind have all our assets secured against the CLF - everything - and they continue to have a hold over those.

My preference would have been to pay them off and get rid of them, but I suspect the terms of the CLF don't allow us to easily do that.
Lind cannot lose, and they know that. If we fully turn this around from a profit perspective, they get paid and walk away with their money.
If we default, they can take everything.

The key milestone is we have resolved the disagreement. There is still some inherent risk there though as we're still tied into a CLF. We will mitigate that risk by first getting ILTL on site and then making sufficient profit to cover our admin costs each month. Then we don't need to dip into any of the placing money and that simply sits there gathering interest and paying off Lind in the process.

It's a very important milestone today.

It's a very important part of the jigsaw resolving Lind.
The placing we've been expecting for some time is done and out of the way.
We're making progress - that's the real positive.

Lol - "impotent bod"
Aerial - can you text Rufus and see if his male potency has returned since he resigned??!!
No wonder Alistair always seems so down in his interviews.

esquimo - it "could" be a different ball game.

The Lind and ILTL issues are critical factors for the BoD to get resolved ASAP going forward.

Then it's the easy job of us making a profit.....according to the last accounts our Admin costs are c£900k - that's £75k a month in gross profit from your coal sales just to break even.

Despite the trumpet of the strategic partner in November 2019, we're still no further on really and have burnt through a load of cash in the process.

Time is really not on our side.