Member Info for Sausageonstick

"To date administrative delays have hampered the relocation of ILTL staff into Tanzania, although we have been advised these issues will be resolved by mid-October, enabling the transition under the terms of the CMA to take place before 1 November 2020".

So the visa issues were supposed to be fixed by mid-October, we are here come the end of October with no news whether they issued the visas or not. The visas were due to be issued amidst the run up to a general election.

We will find out in 5.5 hours whether it's a horror story on Halloween for Edenville.

I'd also say that if Alistair says " too many false starts" he realises what he's up against.

When the man at the top says "too many false starts" you got to accept that even the company realise they've promised a lot but delivered less.

If there is no RNS at 7am I will worry, if they delay it through the day I will get the feeling they want to delay it as far as possible towards the close

Even if it comes at 7 am I'm not confident the market will react positively

If it's blinding news then they are keeping tight hold of it. Looking at the red trades there not much confidence out there at the moment

I'm sure, in time, this share will " fly", but not until the basics are in place, I'm sorry. This will not fly while there is uncertainty over funding, this will not fly will Edenville control the mine and the machines. Edenville has failed, time and time again to get output up and handing it over is an acknowledgement of that fact.

I agree with Mr N and numerous others that nothing is priced in, but that's because the market has 0.0375p of trust in the BoD. It's given us jam tomorrow for years, and I mean years, suggestions that customers were there in January 2017. Through consolidation. Didn't we consolidate to 2.5p and now look at our share price. Step by step confidence needs to be built, so cut out the shizney that says hand over date 1st September, then when that fails to happen, we find out weeks later there's a 60 day mobilisation clause. Just tell us the whole truth the first time of asking.

Alistair, you take the money every month, I implore you to communicate with the very people who have invested money in keeping u in that job.

CBB, what's the opposite of 10 bagger?

Interesting they sell just before interims, and the post period statement.

I'll preempt the interims. There will a statement saying that due to the Tanzanian election the visas for the incoming ILTL personnel have not been processed but as such the mine has not been handed over. There is always an excuse outside the control of edenville to prevent us from victory. Edenville will snatch defeat from the jaws of victory wherever it can.

Morning Mr N

Looking forward to another day of jousting

Friday RNSs seem to to be bad news for Edenville, so not looking forward to the entrance coming tomorrow morning. that is if edenville release them at 7 a.m. they could wait until later tomorrow to publish the interims just as we go into the weekend

Silence continues as Edenville take it to the wire yet again. If they say end of month they always take it to the end of month.

So interims tomorrow or Friday?

Is this supposed to be the new and improved site?

Sausage by name, sausage by nature

Huh? You mentioned 93% didn't have access to electricity but now you are talking about coal being in demand.

Don't get coal and electricity mixed up!!!! You'll be going into your local white goods retailer asking for a coal powered dishwasher.

London stock exchange states this is down 11%

How broken is this site today????

Ok so I'll give you a clear answer in a vain bid that you give a clear honest answer, rather than just banging out the same positive tosh which we can all see through.

BoD changes.
Rufus going is, in my opinion, a very very good thing. (Agree) Alistair started well, but announcing a mine hand over, then saying there was a 60 day hand over people was wrong. Tell us the facts upfront, not suggest something and tell us later there's essentially a get out of jail card. With regards Nick Von Schirnding, I think that is very positive addition. (Agree)

Operational changes
So we have bought a partner in to run the mine but the big question is how much do we get per ton for being a backseat driver as it were. ( Much better model for us, we can concentrate on sales, I believe there is huge demand and have answered this later)

Priced to fail
I've answered this one but will say that all you need to do is look at the share price when Rufus join the company and the share price on Rufus left the company and all that went on while refills was in charge ie consolidation. (LTH have a right to be annoyed but I'm in it for the turnaround. Its a different proposition from my seat. Same as UFO, LTH were furious at 0.07, placing after placing, new management and the rest is history, can it happen here, yes imo)
175 MN tonnes of coal
Yes you are right 175 million tonnes of coal, but surely you're not going to say that every last nugget of coal is usable?( Agree with you )

Demand for coal
Yes there is demand but I've never said huge demand and I'll stand by by that statement. (Only 24% of Urban areas have access to electricity/ 7% rural, I would say the demand is not the issue)

******** Demand is different to how many people don't have access. Are you saying that EVERY single person in the 93% of rural dwellers will demand, because no one will believe that. You need to be clear when talking about demand, as opposed to the %age that don't have access********

Mine hand over
This is one of the two fundamental things we need to get right. It needs to happen before the 1st of November and certainly before the rainy season arrives. (Agree, its not idea that its been delayed but it does not change why I invested, TIA, comes with a risk)

$580,000 by the end of November
This is the second thing that needs to be put right. We will not go anywhere if the market is unsure if we have the financial viability to be around in 2 months 3-months 6 months a year. (We feel it is within our gift to pay in shares, this will end up in court & take years to sort out, or we will come to an agreement)

************** So where is the money coming from because we don't sell enough to go it alone? Edenville will be paying interest and diluting for years to come if they can sort this out *********

Looks like we are in complete agreement Mr N

All red trades today (becareful and read what I said not what you think I said)

Mr N I've answered you, you dance around actually answering my questions, but when you you refuse to give an objective answer, your mask begins to slip ( you see we can all use that phrase)