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Could this paragraph not have been put in the last RNS Like how they say..."should increase productivity" Cleaver with their wording
Appears to have put all his eggs in the Power Plant basket and probably not even trying to get new contracts.
As he has not mentioned any contracts this surely means there are no new contracts.
Not sure how he can justify his position or his salary
Feel free to make a copy too and save in Excel
they can delete if the like i have more copies
There you go:
https://docs.google.com/spreadsheets/d/1oT1MLiOgD9niKb3XgDRIJvdcxKBQFT6Zp6eAG-PysNo/edit?usp=sharing
What email address is there for the FSA?
Why do people expect anything else from Rufus?
He has let us down time and again whether its missed targets, poor share performance and lack of news in terms of figures, production etc. He has under achieved in this since the day before forever.
He knows we are unhappy with him and his level of communication,, lack of him putting his hands in his pocket but nothing changes.
Why not let us know what his plans are for the rainy season
Production amounts
If he is unable to deliver why not just put the company up for sale
Sausage
I agree with you. It appears that the BOD were the last to know about the news and released it when they found out that it was out whether reading this BB leaving the PR guy trying to contact Rufus to decide what to do and only managed to get hold of him late in the day.
Communication is and always has been very poor from this company and Friday was a prime example.
Sounds like Rufus was the last to hear the news hence the late RNS.
For a country in need of electricity Tanzania are not very good at helping themselves
What has rufus achieved this year himself?
Know we want better comms.
They also know we are not happy with the sp and the placing.
They are arrogant so will not change how they do things.
I think if there was anything to tell us they would. The silence only tells you that there isnt anything to tell.
bad job by the BOD.
When I brought up them buying shares Rufus was adamant that he has bought all he can afford even though I told him I earn a lot less than he does yet own a lot more shares than him.
They normally release an RNS every three months spouting old news or they release an RNS like today which has no real bearing on the progress they are making with the advancement of the project what so ever.
And only one contract achieved. And the bod all pat themselves on the back
If they can not simply produce financials which they know are due by a certain time each year how can any on this BOD be trusted to run a company?
At least the BOD shook my hand and introduced themselves. Tim didn't do that and just hoped to blend in. He's a plinker anyway and the way we expressed ourselves in terms of the RNS, responding to emails etc not being good enough it was Rufus who apologised for s feeling this way when it in fact Tim's job where we do not feel like that which is. Bad reflection on him and his so called pr company. If this is still the case at the next AGM then a lot of questions will be directed at him
Sat at home nursing a bad back after the dad's race at sports day. I have slept in the AGM now and think Rufus intentions are good. I'm not sure he has the accumen to deliver but I hope he does. It would have been great if we got an rns yesterday saying they signed a couple of long term contracts and increases production but nothing of the sort. It's good to see fellow investors and sorry I could not hang around and say hi to you all. Hopefully Rufus can pull something off. I do think more failure by the next AGM he will surely have to go. Maybe put the company up for sale even. Any thoughts welcome or Cheers and gla
I wish I could have stayed longer mate but I did not need the boss sending a search party out for me.
Hope everyone got what they needed to off their chest.
Aerial
I left early as had to get back to work.
What was your over opinion of the AGM?
Did more turn up than you expected?
Edenville Energy plc (AIM: EDL), the company developing a coal project located in southwest Tanzania, announces that at its Annual General Meeting ("AGM") held earlier today all resolutions put to shareholders, being resolutions one, two and three were duly passed.
Resolutions four and five relating to the potential future issue of new ordinary shares in the Company and the disapplication of pre-emption rights were withdrawn by the Company and not put to the meeting. The directors of the Company took the decision not to put these resolutions to shareholders to remove any uncertainty in the market about future equity fundraising plans by the Company. Any future equity fundraising by the Company will now require shareholder approval.
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ALLIANCE NEWS DETAIL
EDENVILLE ENERGY EXTENDS PARTNERSHIP WITH CHINESE COMPANY IN TANZANIA
[ 25 Jun 2018 15:46 ]
LONDON (Alliance News) - Edenville Energy PLC said Monday it has extended its memorandum of understanding with its Chinese engineering, procurement & construction contractor at its Rukwa coal to power project in Tanzania.
The memorandum of understanding with Sinohydro Corp of China has been extended for a further 18 months to December 2019. The extension will "allow tasks to be completed on the technical and financial aspects of project development and construction.
Edenville said the "greater clarity" being provided by the Tanzanian government means the company "can now focus on optimising the project parameters".
The two companies expect to focus on the construction of the Sumbawanga to Tunduma section of the Zambia-Tanzania-Kenya power transmission line.
A feasibility study on a 120 megawatt plant is being carried out but the "potential for a significanlty larger plant of up to 300 megawatts is now being considered". Edenville said "much of Sinohydro's work will be focused towards this option".
Shares in Edenville Energy were up 4.6% Monday at 0.34 pence each.
By Paul McGowan; paulmcgowan@alliancenews.com
Copyright 2018 Alliance News Limited. All Rights Reserved.
lol im not holding my breath