Member Info for Sausageonstick

... Edenville are ready to walk away from coal all together. Either by selling what they have or literally walking away to become a cash shell and announce a new investment strategy. Exciting times ahead, but not in the near term. This will take time for them to choose the right investment and by the sounds of it not in Tanzania.

Once approved, it will be I retesting to see how many warrants at 25p are cashed in straight away for the free money

Thank you be54

"In addition, the Company has received new East African enquiries regarding power generation capacity and is continuing discussions with the Tanzanian Government regarding a future power plant development at Rukwa."

No update on their last jam tomorrow statement in today's RNS then

Interesting to read the RNSs about handover.

The early RNSs gave reasons for the delay, then it was just mentioned it was still being worked on. In today's RNS nothing even mentioned about the hand over. Is it still taking place? Now that it is 8 months late. Or are Edenville just moving on to new pastures?

Being that it has taken 8 months of pay cheques to still not hand over, will it take another 8 months for them to decide where their next cash cow adventure takes them. I hope no one is expecting them to tell us what they are doing for another couple of months.

Another jam tomorrow rinse and repeat RNS with another salary to pay

Completely agree aerial re: coming back to haunt, I guess they could always use the placing money to build a coal fired power!?!!

No one else stated a placement was coming, I might not have guessed the price, but with no hand over and a burn rate a placing was inevitable

22 April I said

Still feel there's a placement and further dilution to come in the near future.

I'm guessing £400k and May for a placing at @ 30p

Down 14% and heading to 25p placement price

Does the dry season make the covid go away?

Maybe the market doesn't believe aerial either?

Edenville raised a million £, can they raise enough to pay for a coal fired power station? Oh hang on Edenville are handing over the mine so they can't dig coal but aerial is saying they can build a coal fired power station?? Interesting.

Let's hope we get some news on aerials master plan for Edenville building a coal fired power station. I'm looking forward to hearing how Edenville are going to fund it.

So you can't answer yes or no, but throw the focus back on me with some random self-victimisation theory.

Who is playing a victim?

Aerial, you said "My argument as always it that it is Edenville’s plan to build a power plant" Do you actually believe Edenville can put together the funding and build a coal fired power station? Yes or no, I'll keep asking, because people are watching you squirm with each post you make right now.

Yes or no, it's so simple aerial. Yes or no

Honestly this time you're staying on filter until I decide to unfilter you.

Two filtered messages got the better if me lol!!

I'm here because I'm invested, I'm a realist, I say what I see. If its good news I'll be positive, if it's bad news, like hand over being 8 months late I'll say so. So that's your question answered

Aerial your Saturday 1st May 0903 post clearly stated "My argument as always it that it is Edenville’s plan to build a power plant" You say you never avoid anything, so stop avoiding the question yes or no? Do you believe Edenville plan to build a coal fired power station? Or just to monetise the coal through a coal fired power station? They are different.

You write long posts to avoid the question, so just post yes or no. So simple. Stop avoiding, stop insulting, stop trying to justify yourself and just answer yes or no. No long posts just yes or no.

Over to you aerial, show everyone that you can answer my question without insults.

Look at the January 2017 RNS I quoted from. Edenville suggest so much, they layer the jam tomorrow suggestions, but what they have delivered is much less that what they suggest they want to do.

Unfortunately Edenville state many things but things change but we never get to hear about it, an example, Sinohydro, feasibility study, said it was going to happen but the agreement has come to an end but we are never told anything. They told us the agreement was renewed but when it came to an end, nothing.

But have they ever said they are going to build a coal fired power station? You said "Edenville plans to monetise the Rukwa coal deposit via the development of a mine-mouth coal-to-power project providing electricity to the Tanzanian power grid”

They want to monetise via a coal fired power station, it does not state they want to be the ones to build a coal fired power station.

Aerial, you said "My argument as always it that it is Edenville’s plan to build a power plant"

Are you for real? Edenville that can't get coal out the ground and need to hand the mine over to make a success of it, you think they are going to organise the building of a coal fired power station?

They are handing to coal side of things over, their focus is elsewhere if you haven't worked it out. So you think they are handing over the mine but want to build a coal fired power station?

My side hurts every time I read this "My argument as always it that it is Edenville’s plan to build a power plant"

C'mon aerial, even you must realise how silly that sounds.

If you knew he wanted an arguement why do you engage?

"Sausage thinks he understands something I don’t. He also thinks what he posts even when he instigated a negative thread doesn’t apply to him??.." doesn't make sense?

It's not criticism, it's realism.

Is that a promise, that you'll not start a conversation with GW again?

...whether or not Edenville paid Lind, and whether it was cash or shares. If it was shares, we are running out of money.

"Rufus Short CEO of Edenville Energy commented: "I am very pleased we have been able to reach the stage where we are confident there is a long-term market for the coal from Rukwa. Our goal is to move our asset into generating positive cash flow in the near-term and to become a key supplier of coal in the East Africa region. Production will take place alongside the continued advancement of the planned coal to power project."

"generating positive cash flow in the near-term"
"to become a key supplier of coal in the East Africa region"
"Production will take place alongside the continued advancement of the planned coal to power project."

They might say they want to do these three things, but in reality have they? It's been over 4 years since Rufus stated these, define near term aerial?

Edenville don't need to say it's shelved for it to be shelved, even you must understand that aerial?

Ha ha you can't even see it.

"Edenville said..... Edenville plans....." Edenville have no say in whether the coal fired power station is built. They might plan on doing lots but they have zero influence. I plan to run 275 km through the Moroccan Sahara in October, will I be allowed due to restrictions is outside my hands. Whether the CFPS is built is out of Edenville's hands, they might want it but....

Edenville said it signed an agreement with Sinohydro, have you found the bankable feasibility study yet? Thought not.

The Tz government cancelled tenders for a reason, the CFPS is shelved.

When I get time I'll post what I think will happen with Edenville, based on my thinking.

Why don't you post what you think will happen to Edenville, I'd be interested to read.