I'm more and more convinced...14 Aug 2020 09:42
So correct me if I'm wrong, and this is to develop a healthy positive discussion for people to add to how they see it.
So we have Nick the NED from ARC Minerals who had joined us
We have also run out of coal in the southern mining area and moved north, leaving this area looking for a purpose in life.
We have a mining licence for the southern area, is it just a coal mining licence? Or a mining licence for anything?
"Minerals available in Tanzania include gold, diamonds, gemstones (such as rubies, aquamarine, tanzanite, sapphire; emerald, rhodolite, opal, zircon, alexandrite, garnets, tourmaline, spinel, peridot, iolite) Iron and Base metals (nickel and cobalt), platinum group metals: (platinum, palladium and Rhodium), Industrial minerals (soda ash, kaolin, salt along the Coast and inland lakes, vermiculites, limestone, silica sands, phosphate, gypsum, mica, dimension stones i.e. granites, travertine, marbles, quartzite) and coal resources.
Tanzania is the 4th largest gold producer in Africa after South Africa, Ghana and Mali and is the sole producer of the precious stone Tanzanite in the world."
The coal mine in the northern area is being handed over, so why bring ARC Minerals' Nick NED on board at this moment? At exactly the time that that work in the coal domain reduces?
Are you following me? I know this has all been said before, but I'm just getting it straight in my head. The chap with extensive experience of minerals in Africa, joins at the very time Edenville Energy is looking to find something to do with their new found time on their hands and with a whole lot of ground that is looking for something to do?
Am I missing something? Or am I expecting Edenville Energy to rename itself and issue a new strategic vision refocusing on minerals?
Thoughts?