Member Info for Sausageonstick

Update required indeed. They know the following but don't / won't / can't tell us for some reason.

1) Output figures - they do know what they produced in August, if they don't then how are they going to identify when 3,000 tonnes are produced and thus talks about handover can start with ITIL
2) Talks about the CFPP, either taken place? or date of future meeting? "discussions with the Tanzanian Government on power station supply options planned for September 2021"
3) Contracts? "Efforts have focused on short term contract opportunities"
4) Has shipping of coal started? "with deliveries commencing at that level in September 2021" They must know the date of when it will restart if it hasn't restarted?
5) Revenue from sales?

A third of the way through September , and still silence, I just don't get it.

.......as Edenville have the option of extending the interims by 1-month I am fully expecting them to issue the next RNS stating the interims will be delayed by up to a month. My view is that if they can delay it they will.

....and the interest fades

Absolutely GW, it's noise, it's jam, until delivered.

I've always said we need another washer crusher, which will take the best part of a year to buy, shift and get working , including a whole load of tinkering and 12 months of salary to the BoD.

There is no way you can keep a coal fired power plant going by producing less than 3,000 tonnes a month. So when Edenville chat to the authorities about supplying a CFPP and they ask "can you reliably supply us with all the coal we need to keep the lights on?" I wonder what the reply will be??

You are right, we have spent millions to get us where? Producing less than 2,000 tonnes a month of coal, talk of contracts and possibly supplying a CFPP sometime around 2026.

The BoD need to act now or this is going to turn even more into, what is my opinion, is fast becoming a farce.

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With the heavy suggestions of contracts and output since 2017, I'd hate to put a year on it to be honest. The handover is a year late, and then months after announcing they want to handover they announce the 3,000 tonnes a month criteria, over an unspecified time period, before talks start on the handover. I imagine at some point when the pressure from investors increases they will then tell us the time period over which 3,000 tonnes has to be produced consistently, I'll take a guess and say 3 months. This will give them 3 months wriggle room, salaries and the rainy session.

I wish I could be positive but nothing that is coming out of Edenville is entirely positive, each of the three bullet point had a negative through in for luck.

So we might not know output figures until the end of October then.

Looks like LSE has found a 50p for the meter, site is back up

Do Edenville legally have to publish their interims by the end of September?

Aerial hasn't posted on any lse board since 27th Aug 2021.

I imagine their salaries get paid on time.

Until we get to 3,000 tonnes of output, over what time period they don't tell us, there is no handover conversation let alone a handover.

They are implicitly telling us it is not close when they state they don't expect to get to 3,000 for a few months.

Just to point out that between expecting to have output at 12,500 tonnes a month, 12 months ago, the BoD have worked really hard to get us down to expecting to sell 2,000 tonnes a month now, whilst taking a year's worth of salary.

Well done the BoD reducing your expectations from 12,500 to 2,000 must have taken some effort to achieve.

26th Aug 2020
"- EITL, MarTek and ILTL have agreed to focus on maximising production from Rukwa with a target of increasing capacity in the near term to circa 12,500 tonnes per month."

24th Aug 2021
"For the next month the Company expects to sell a total of approximately 2,000 tonnes of washed coal,"

So many suggestions, so little coal delivered.

Let's see what tomorrow brings.

Lots of ifs, but if that was a sell and if we get a negative RNS now that would be interesting!!!

It's rare we get two drops over two consecutive days, usually the price drops steadily over a couple of weeks. Even rarer for the second day drop to be larger than the first, as if the drop is gaining momentum.

Will be interesting day tomorrow for sure. If drops rises or even if it holds steady.

Will be interesting to see tomorrow the price of any buys and if the sells are going through at the Bid price.

Dropping over 3% yesterday, and dropping by over 6.5% today suggests something is known/ happening that is negative.

....from aerial? Is he still on his 2 week break in Bridgewater?

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