RE: Not sure about lost faith28 May 2018 13:03
Perhaps they did deserve a our respect for what, we thought they had done, from the info passed, BUT, in the last 6 months a lot of the info given to us has now been contradicted by themselves.
They have so far refused to answer questions on why they took so long to update us on how little coal was actually being produced, against what they said it would be.
We were informed the production could be 10K tons by January, and yet they told us nothing about not meeting this.
23rd Nov 2017
"Total could exceed the initial planned output of 10,000 tonnes per month, which is targeted to be achieved by the end of January 2018."
8th Jan 2018
"In anticipation of the Company's planned increase in production, and as heavy wet season rains are affecting both production and transport logistics, the decision has been taken to initiate two shifts on the plant to help ensure production can be maximised."
31st Jan 2018
"Edenville's mining operations are proceeding as anticipated, with high quality near surface coal being extracted from the Mkomolo deposit. Mining operations have been able to keep pace with demand and plant capacity despite the seasonal heavy rains.
To help fulfil the demand for coal we are experiencing and to potentially increase the amount of unprocessed coal the Company can sell, the Company has taken the decision to also start mining the Namwele deposit. Namwele, which sits to the south of the Mkomolo deposit, will be mined by our Tanzanian partner, Upendo Group Ltd ("Upendo"). Upendo has already started clearing the overburden and we expect the first Namwele coal to be mined before the end of Q1 2018."
27th April 2018
"The Company is currently operating at up to 4,000 tonnes of coal per month and will used these funds to increase production rates in order to fulfil current and potential orders."
The first time in 6 RNS's the BOD say anything about trouble with coal production, AND BY THE WAY �740K in share placing.
8th MAy 2018
Tried to placate us with a supposed NEW company presentation???? revamped old photos...