Member Info for Sausageonstick

...Tim and Rufus urging Rufus to do the honourable thing.

It's your choice if you want to express your feelings direct to Rufus, his mobile number was posted on here some time ago by aerial.

I can't see him resigning, I want him too, but he's on a gravy train. He's planning on a little or project, the gravy train is still rolling and he isn't going to leave while he's on that

...the major share holders let this continue before realising that Rufus has not added any shareholders value.

How many shares were in issue just before the last consolidation? And how many are now issued? I would image we are getting back to pre-consolidation levels of shares in issue? Especially after more share are admitted tomorrow.

I'm expecting a big placement in the next 10 days or so at a heavily discounted price for mates rates and because the price is on its knees so they will have to give a big discount to attract people to invest. My opinion is that that placing will be forward sold to get the money out quickly. So I'm truly expecting a placement at 0.04p or 0.03p. Once the organisation that takes the placement has sold out, consolidation will occur. Another 20:1 in my view.

I certainly believe Rufus is now looking for a way out, this is not looking good on his geology CV!!!

.... Edenville have 170+ million tonnes of coal but Tz government don't want Edenville to build the power station.

It's yet to be confirmed Edenville can produce the saleable output needed to fulfill orders and hence achieve $$ required to pay back Lund.

It's pretty certain in my opinion, after raising about 10% of what they wanted from the oo, that a discounted placement is coming at about 0.04p, again in my opinion.

Edenville have borrowed a shed load on the back of winning that Tender.

I'll give it to June 2019 before consolidation happens.

So Rufus, what are your plans to get share holder value for this share? I guess you weren't expecting the rejection of the tender docs, do is there a plan b?

When will you do the credible thing and resign? I'd like to warmly shake your hand, say well done and hand you your carriage clock. Please, just accept you are not the right geologist for the role.

If Edenville put another company presentation on the website, we will know the placement will follow. Next RNS will be the placement in my opinion.

Tanzania still want to build a power station, and a transmission line close Edenvilles coal, but doesn't want to use Edenvilles coal? Is the crux of it?

"Lind has also advanced a loan to the Company which has a face value of US$900,000"So Edenville have another £900k in the bank, right?

...guess the placement price???

Wanted to raise £619,099 actually raised £62,418 plus directors bit.

Just shows the confidence in Rufus and company as a whole.

Disappointed that Rufus didn't announce his resignation

.....to see if they now have to do a placing what price it would be!!!

I am hoping that Rufus announces his resignation at the meeting today. My opinion is that he really has taken us as far as he can. He's done well, but now it really is time for someone to try to match Edenvilles submission to a published set of criteria if he can't.

.

Only 48% down and not 50% down!!!

When was / is the closing time for the oo?

...." did not qualify in relation to the criteria set forth in the RFQ documents."

So Rufus had a criteria set out in the RFQ documentation, that he had to match his submitted documents to.....and he couldn't even do that. Why has he not tendered his resignation??

All he had to do was make sure Edenville satisfied a published set of criteria before submitting. You had one job to do Rufus, and fckd it up.

Unbelievable

.....buy some more when Rufus takes us to 0.05p

Well done Rufus for getting the share price where it is, I'm sure you've been paid handsomely for all your share holder value you've added

....11% or will the mm take us back to flat?

....are trying their best to get the price up, currently anyone taking up the oo is looking at an instant 22% loss.

Time for shareholders to hold their nerve and show Edenville just how much faith they have in Rufus.

I'm not expecting the price to go down by close of oo, but I'm expecting it to drop if they do a placement to take up the slack after oo closes.

.....to see the timing of someone dumping over 2.5% of the company. Just as Rufus is telling us he needs more money to get the mine output up and filling orders, acquisitions being looked into and general good sentiment, someone isn't keeping the faith and dumps over 2.5% of the company.

Remind me, is it below 3% they have to stop reporting sells? Let see if they continue offloading as it would surprise me if they dumped 2.5% then just stopped. My opinion is they are exiting fully.

...people decide on the open offer, remember that Rufus has always been able to make placings at ever decreasing price over and over again, but suddenly now they have failed to communicate and back themselves in a corner, we shareholders get...

"Directors are of the opinion that if the Resolutions are not passed the Company may not be in a position to meet its future operational commitments in Tanzania and its corporate obligations. Accordingly, the Directors strongly recommend the Shareholders to vote in favour of the Resolutions at the General Meeting."

So now they have this grand plan involving funds from Lund and, open offer and a subsidiary company the Board tell us they might not be able to keep the lights on....really Rufus!!!???

Unbelievable, all they would do is consolidate, rinse and repeat, issue confetti shares at a huge discount and carry on paying themselves salaries while claiming it was all out of their hands.

Anyone believe this type of threat will actually happen?