Member Info for Sausageonstick

To save me an email.

Tim, what are they doing to cuts costs, including their salaries.?
Are they still taking money out of the company when the mine is closed?
What are they doing specific now and not jam tomorrow to save money?

Yes again a wall of silence is met from the board, they need to speak and speak clearly to their investors. This continued silence with regards to cost is unacceptable.

I hope that you will manage to convince them to release an RNS within the next 48 hours, providing specific details of their cost saving measures. Not bland generic open sentences.

The ball is family now in Edenvilles court to communicate with it's shareholders, over to you Tim

I guess we either get answers or give up.

We can't continue on borrowed money forever

The only way to get an answer is through Tim PR.

And he will rightly regurgitate what is in the public domain.

The only option is for us to apply pressure collectively, Tim's contact details are on the bottom of each RNS and his email address is publicly available on his company website.

If you contact him please ask about BoDs salaries, have we received monies owed plus any thing else you wish to ask. My email will go this afternoon.

Tim PR reads this board, so I'm sure he'll be sat waiting to collect up all the questions we have and get back to each one of us with individually crafted email, and not a big standard response.

Good luck with your questions and even more so with your responses.

It's time Tim Alistair and Rufus earned their money responding to difficult uncomfortable questions

The focus won't be on any electrical cable running across the country for months.

As covid-19 cases rise in Tanzania and gatherings in churches (or any mass gatherings) are permitted. I can only see the number of covid-19 cases rising further. How many weeks are they behind in the death rate.

Still no RNS saying the board have given up their salary, or even partially sacrificed them. We were down to our last £60,000 from £700,000.

The board of directors must act and must act today. The situation with the Edenville cannot wait.

Give me a reason why this would go blue?

We are days into what could be 3 months shut down

Indeed 3.14

12 weeks plus three days sharing churches to save themselves, you do the math

Tanzania has confirmed 84 new cases of the coronavirus, raising the total number of infections to 254, the health ministry has said.

In a statement on Monday, Health minister Ummy Mwalimu said the new cases were reported across the country.

“For the samples taken on April 18 to April 20, 84 have tested positive for Covid-19 raising the total confirmed cases to 254,” said Ms Mwalimu.

According to Ms Mwalimu, the commercial hub Dar es Salaam recorded the highest number of infections at 33; Arusha has four; Mbeya, Kilimanjaro, Pwani, Mwanza and the capital Dodoma have three cases each; Manyara, Ruvuma, Morogoro and Rukwa two cases each; and Tabora, Lindi, Mara, Mtwara, and Kagera have single cases."

Can't see the mine opening for 12 weeks from now, 12 weeks to get through the worst of it didn't Boris say?

What and only get £2500 a month when they can still milk this dry???

"Edenville has elected to stand down Rukwa employees and suspend production with immediate effect until the situation is resolved. "

Everything else falls out of this. It isn't producing, selling, no income, increasing debt, BoDs still being paid.

How this is still at 0.035p I'm amazed!!!!

We are running out of money, surely?

We need clarity and leadership, are you prepared to give us that while we pay you?

Your guess is as good as anyone's, we are totally in the dark if they have spent over £600,000 in 10 weeks then I certainly don't have a clue!!!

*fear

I gear the burn rate prior to shutdown hasn't put Edenville in a good place.

I can see the nomad withdrawing soon although Tim PR will want paying until the lights are switch off.

No you haven't missed anything. I posted on here about Christmas time asking. We've heard nothing, even to say they are no longer engaged with Sinohydro, if they were then the extension should be announced.

I forgot to add, and all the time the BoDs taking full whack every month.

Have a read Alistair, you'll need to remove the spaces in the htt ps. No pressure on you Alistair, but you are being paid with money you borrowed not earned through your coal sale ability.

htt ps://tax.thomsonreuters.com/blog/the-coronavirus-pandemic-executive-pay-cuts-a-sign-of-the-times/

htt ps://www.ft.com/content/63ea021a-bfa3-48c9-a644-ba211f0c0567

htt ps://www-bbc-co-uk.cdn.ampproject.org/v/s/www.bbc.co.uk/news/amp/business-52182153?amp_js_v=a3&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15872404629848&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s

"Edenville has elected to stand down Rukwa employees and suspend production with immediate effect until the situation is resolved. "

They are not producing, they can say they can start at short notice, but that's jam tomorrow (jt).

I would average down, I would spend a bonus if there was an ounce of positive here. There isn't!!! What strategic partner would in their right mind sign up now? Edenville exist on borrowed money, postpone loan payments in favour of diluting warrants.

Health minister Ummy Mwalimu in a briefing on Friday said the new cases were reported in the commercial hub Dar es Salaam (38), semi-autonomous island of Zanzibar (10), Mwanza City on the shores of Lake Victoria (1), northern Kilimanjaro (1) eastern Pwani province (1), Lindi region (1), and Kagera in northwest Tanzania (1).

In response, Tanzanian President Declares 3 Days of National Prayer to Help Defeat Coronavirus.

This is not going to end well for the nation or I feel for Edenville.

The UK with all the social distancing and medical services in place has over 15,000 deaths and the Prime Minister stated the UK will be through the worst in 12 weeks. How many deaths are we anticipating in Tanzania? I can only image what the R value at the moment is in Tanzania. How long are we expecting the mine to be shut? Even when open they need trucks to shift it and customers open to buy it.

My own feeling will be that Edenville will keep the mine shut until the start of the next rainy season then blame the rainy season on low production. All the time borrowing money and diluting, then there will be consolidation. I'm still expecting the need to buy another washer crusher which will take up to a year to bring online proper.

As far as we know from the RNS we cannot fulfil the orders fully, although when they say 'up to 4,000' tonnes then even producing 1 tonne satisfies that criteria. Let's face it, it is worded 'up to' for a reason, but they can't pull the wool over our eyes.

Overall, while the mine is shut and money being borrowed I see this heading sub nominal value eventually.

Only time will tell if Edenville can survive the shut down, but from where I'm sitting, as a realist, it doesn't look good.

It's the first time that I've actually accepted but we may lose all our money on this one

You're not wrong there aerial!!!!

I doubt it.

The mine is shut and no sales

Even if they signed another contract they can't fulfill it.

The only good news would be to stop paying the BoDs

It will be back flat in 30 mins or stay at 60% spread!!

.... have £60,000 and we are paying the BoDs, how long will that last?

0.02p or less here we come unless Alistair does something pretty amazing from here.