Not handed the mine over?28 Sep 2020 01:25
On the 29 July Edenville wrote
"Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania (the "Project" or "Rukwa"), is pleased to advise that the recommencement of operations at Rukwa has been brought forward and will now begin on Monday 3 August 2020."
On the 4th August Edenville wrote
"Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania (the "Project" or "Rukwa"), is pleased to confirm operations recommenced at Rukwa on Monday 3 August 2020. "
So they confirmed it approx 6 days later.
On the 26th August Edenville wrote
"Coal Mining Agreement ("CMA") with ILTL, which provided for a fixed rate mining and processing contract at Rukwa and which is scheduled to take effect from 1 September 2020."
The Agreement was due to taje place 6 days later, but no confirmation has been given, why???? Did the hand over happen????
If it took place that has impact on the share price, if it didn't take place that certainly has an impact on the share price. Either way we are entitled to know, as shareholders, if the hand over happened.
It's not rocket science Alistair, but it does mean you have to do your job and inform the market of what is going on.