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Coal orders???? Lets keep our feet on the ground. Remember Edenville state they can produce up to 4,000 tonnes a month, they need capital expenditure to increase and plan to get to 10,000 tonnes a month by end of 2018.

The RNSs are great news, but I'm not getting carried away that Rufus can get this done. My own opinion is that this will develop into a critical mass of parties moving it forward, World Bank, TZ gov't, Sinohydro with Edenville gripping firmly onto their shirt tails as this races forward. This will get across the finish line with Edenville, not because of Edenville, just my opinion.

After spending $$$$$ over the last 18 months, extending for another 18 months shows me they plan to go nowhere.

World Bank funding in place
Tz Gov't election promise to electrify rural areas
Power plant needed
Edenville have the rights to 173mt of coal.

What's not to like??????

Let the 10%ers out and those that realise the journey is just beginning in.

AGM on Thursday and I'm expecting a RNS in the morning of the AGM, operational update would take the sting out of all the carp over the last few weeks.

https://www.share-talk.com/share-news/share-talk-bulletin-board-heroes-25th-june-2018/

That's true Larry, My point being that World Bank or TZ, it's fallen in Rufus's lap once more, he needs to grasp it with both hands and make the most of it, otherwise the euphoria will rub off quickly.

I'm a realist, as I've said. 18 months ago Tz gov't banned the import of coal, that positive news fell in the lap of Rufus, but 18 months later Rufus hasn't exactly exploited it to the maximum. This news has fallen in Rufus's lap once more, so lets see how good he is at finishing it. The Tz gov't 'keep crossing the ball', last time Rufus took a Messi penalty aka Iceland, let's see if he can score a Ronaldo fee kick with this piece of news

On the face of it this is excellent news and the market has responded in a positive way. It's great to see the share price move in the right direction.

I'm a realist, as I've said. 18 months ago Tz gov't banned the import of coal, that positive news fell in the lap of Rufus, but 18 months later Rufus hasn't exactly exploited it to the maximum. This news has fallen in Rufus's lap once more, so lets see how good he is at finishing it. The Tz gov't 'keep crossing the ball', last time Rufus took a Messi penalty aka Iceland, let's see if he can score a Ronaldo fee kick with this piece of news

My opinion is also that yesterdays RNS was time to deflect from Thursdays AGM, those who are attending please don't get swayed by Friday's RNS and the subsequent share price. Challenging questions are still needed to be asked of Edenville, and answers therefore obtained.

My opinion is also that the timing of the Friday's RNS will lead into the BFS RNS come the 18th July when the MoU expires and they have to make a decision on what to do. Will they continue to work with Sinohydro, or will they have to do another placing to raise $1million to pay Sinohydro off for the work they have done. We will only know that after the 18th July.

All in all excellent news but Rufus has to make the most of it
I'm sure they will focus on it at the AGM to deflect from the Friday 3.30pm RNS about the low low price placing. Don't let them.
I'm hoping this news feeds into the BFS RNS after the 18th July.

Good luck all, the Tz gov't has literally thrown shareholders a life line.

I have a lot of time for Aerial and his views

Any guesses?

It may of been old news but until the significance of the news to Edenville is put into an Edenville RNS and release a connection can only be implied. Now it is stated it is much more significant.

.....then they have impeccable timing re AGM and BFS MoU ending?

This site is so bad at the moment, it crashes and I refresh and it posts twice.

For those of you paying money for this site I pity u

My understanding is that no new news can be announced at the AGM, unless RNSed before it.

I am still expecting a RNS on Thursday morning, now it could contain much more than I first thought.

My understanding is that no new news can be announced at the AGM, unless RNSed before it.

I am still expecting a RNS on Thursday morning, now it could contain much more than I first thought.

Agreed, In my mind I'm sure now that $455m World Bank funding gives the green light to the project, there will be a number of parties coming together to put in beds for all parts of the project including the power plant which will consumer millions of tonnes of Edenvilles coal at $$$$, but the reality of it is this doesn't change my view on Rufus and his abilities. He has to deliver.

On the face of it this is excellent news and the market has responded in a positive way. It's great to see the share price move in the right direction.

I'm a realist, as I've said. 18 months ago Tz gov't banned the import of coal, that positive news fell in the lap of Rufus, but 18 months later Rufus hasn't exactly exploited it to the maximum. This news has fallen in Rufus's lap once more, so lets see how good he is at finishing it. The Tz gov't 'keep crossing the ball', last time Rufus took a Messi penalty aka Iceland, let's see if he can score a Ronaldo fee kick with this piece of news

My opinion is also that yesterdays RNS was time to deflect from Thursdays AGM, those who are attending please don't get swayed by Friday's RNS and the subsequent share price. Challenging questions are still needed to be asked of Edenville, and answers therefore obtained.

My opinion is also that the timing of the Friday's RNS will lead into the BFS RNS come the 18th July when the MoU expires and they have to make a decision on what to do. Will they continue to work with Sinohydro, or will they have to do another placing to raise $1million to pay Sinohydro off for the work they have done. We will only know that after the 18th July.

All in all excellent news but Rufus has to make the most of it
I'm sure they will focus on it at the AGM to deflect from the Friday 3.30pm RNS about the low low price placing. Don't let them.
I'm hoping this news feeds into the BFS RNS after the 18th July.

Good luck all, the Tz gov't has literally thrown shareholders a life line.

trying to post

It sums it up for me

http://twitter.com/The_Cuckoo_Man/status/1008648281864441856

Aside from the shut down in communications The main problem as I see it is that coal buyers want large quantities of coal, and Edenville has 173+mt of the stuff in the ground , HOWEVER, they cannot convert the coal into the ground into sellable products in sufficient quantities to convince buyers to sign. They have one contract direct but that is for 2,000 tonnes, so between Edenville and Upendo (presuming they are still processing) they can cover this order. This is why I can't see any new coal contracts being signed for months, it is expected that the 10,000 tonnes a month will be achieved by year end 2018, so there will be a ramp up of production but when will the production stabilise enough to give coal buyers the confidence of a regular supply. Only at that point will people sign. For me the next news announcement will be after the 18th July, once Sinohydro agreement ends, but that will depend on when Rufus wants to let people know what happens next for the BFS. I think in the run up to the 18th July we need to put pressure on Rufus via Tim PR to issue an RNS a day after the MoU ends. There is no reason why they couldn't, they should know what has been achieved and what the agreed next steps are with Sinohydro. The share price is in danger of drifting lower until solid news is released