Perhaps there's an opportunity coming......27 Nov 2020 08:31
I'm not entirely sure how anyone who has been invested in here longer than two minutes can possibly see any tangible positives in the words of that RNS.
No progress since 6 October on work permits (that's almost a direct copy of the previous update). - are there really that many people trying to get work permits to enter Tanzania?
More talk of us fulfilling orders - but we've made losses on every tonne of coal we have sold since October 2017 - the Edenville operator model is loss making
We've now passed the deadline of 1 November for ILTL handover, which means either side could potentially walk away
The use of the words "material uncertainty" - I can't honestly say without looking that I have seen those in one of our RNSs before - but it's really not a good phrase to be trumpeting to the market
But.....
Reading the board over the last few weeks, new names appearing, continued talk of placing etc etc
I'm ready for a huge discounted raise, a subsequent spike for IIs to offload and some PIs get holding more of the baby. Not that we've seen that before.....
Alistair - I'll free up some funds for a raise at 0.02 as long as I can offload them at 50% / 100% plus along with IIs on the subsequent spike.