Member Info for Setanta1

Your philosophy in relation to selling or holding shares in much fallen companies is interesting, aerial, and also your opinion about the current prospects for EDL.
I think it is far better to sell shares when they show a predetermined fall ,(anything from 20% upwards to suit ones taste). One can then buy in again if there is a turnaround. But if one allows the fall to be catastrophic,(as many here have done), one needs the patience of Job allied to financial strength of Rockefeller to wearher the storm. Relatively speaking,of course.

But to reality. I have built a decent stake here at what I consider to be a low SP and I still think it may be worth increasing that holding. African coal mines have not been my favoutite investment. There are just too many imponderables and uncertainties in the region. But the idea that EDL is sitting on 173m tonnes of very extractable coal with a ready source for sales has taken my fancy. I feel that there should be some good news relating to finance, production and sales, as well as the Tender in the very, very near future . The SP seems to have stabilised and some of that good news would fire it into orbit.

I sympathise with all those who have lost greatly here, but that is the nature of AIM investing. We've all been there. But good turnarounds do also occur! Go well.

How I wish EDL was mining carrots. Good market with a big future and it must be profitable!!

I understand. Sorry if I offended you.

What's that got to do with the price EDL receives for coal in Tz ?

Sorry to say so but I frequently have problems understanding what you are posting about. i am referring to the English and the syntax. And you do tend to post at length. I guess it's your right but I expect you want us to understand.Your last post is a perfect example. "....that we are at present that have progressed that far with FEED completed."

And my view spud isn't different to yours. The remaining warrants are not of huge importance given that they have two years to run. I can name one director and three private investors who own as many shares in the company as those warrants represent. None of them,(us), seem to be in a hurry to sell. There is just too much positive news which will be delivered in the short term to make a sell sensible. Yes we are going to make a lot of money here and so are those who start their investment at current prices.INFA represents a rare investment opportunity. But everyone to their personal choice. Go well, spud.

Well posted O& W. Also worth remembering that there were more tham 240 M INFA shares traded this week alone. . So two years to see the back of about 150M warrants represents a veritable trickle. My guess is that the remaining warrant holders won't be in a rush to sell very much of their holdingd. Just too much to gain here.

Like you ,Mr T, I expected a late reported large sell but there hasn't been one,so one must infer that many trades which are shown as buys were,,in fact, sells as traders take a profit, The Sp has ,in fact, been a bit wobbly since the price monitoring extensions of yesterday when the MMs made sure we didn't top 2p.But INFA will be back. There's just far too much mega good news in the pipeline. A chance now for some more new blood to get in.

Four posts with my moniker on them! Calm down chaps!

Thanks for that sausageonastick. You're correct, of course, but one hopes that increased capacity will lead on to a rise in production. But a well taken correction.

1.New excavator and four additional haul trucks operational TO INCREASE THE AMOUNT OF COAL MINED FROM THE EXISTING PIT.

2.Mobile lighting installed TO ALLOW 24 HOURS PER DAY OPERATIONS,INCREASIG OUTPUT.

3.Mining in the northern area ,( said to be more productive), to commence shortly.

4.Water treatment plant in operation. IT WILL PROVIDE INCREASED CAPACITY.

5 The Nomad transition is proceeding correctly.

It looks good to me and I suspect there is much more to come ........and soon!

my holding again today because I thought the RNS was positive and because the SP is so low for a company with such immense prospects. It amazes me that there are so many frequent posters with nothing good to say about EDL. I often wonder whether many of them have any money invested here. I'm still optimistic for EDL. We'll see.

JZD, I certainly hope the BOD do not sell their shares. Just think about how that would be interpreted and the effect in terms of investor confidence ! One either believes in the prospects and viability of EDL or one does not. The tale will unravel in the near future and we shall see a great leap forward or...I'm on the positive side.

A positive RNS. There is obviously progress being made which should increase production and,thus sales. No direct mention of finance, nor are there any production figures, no mention of the GM date or of any progress relating to the Tender. So quite a lot more to come in the near future and still a good opportunity to buy in or to increase ones holding.

Intresting posts from aerial and bigeye54 relating to the future for coal especially as a generating medium. They made me think that when EDL was making its, (recent ), Tender submission they would very likely have had to provide some assurances as to capacity in terms of production and finance,(both inextricably intertwined) to be able to provide the megatonnes of coal necessary for a power plant. I cannot imagine the TZ government entertaining a Tender from a coal miner they thought might go bankrupt or otherwise fail to provide the necessary product.
I think I possibly,(and accidently),came in here at an opportune moment but I also begin to think that I should raise the stake!!
Just by the way: why do so many contributors here say that "Rufus is a geologist". I thought he was a surveyor. I'd prefer it if he were a geologist. Ithink!! Yes,I know it's immaterial!

Johnz, 21 days "as the calender flies" So to speak !

kelladee,aerial : EDL owes you. I hope they make good.

between us,Aerial. We both agree that the Tender is vitally important but my guess is that the award of it will not be for a considerable time. Synohydro haven't even been given the construction go ahead yet and from that point to requiring coal to power the plant would be a process taking years ,I imagine.
Also I am working on a premise that those who bought in at 1p plus are very unlikely to see a return to those values for a long long time. The recourse for long term holders would appear to be to take a loss and decide to begin again at these low prices to recoup some of their losses or to average down or accept the status quo.Dreadful to contemplate for those LTHs but that is the reality.
Meantime EDL has to decide whether to become a coal miner, or fold for lack of finance. We should know quite soon which it will be. By the way thanks for clarifying the GM dating.

I agree with the first two paragraphs of your last post but I do not think the tender will be awarded in the next few months, at least. I think those months will be crucial for EDL. In fact I think the next month will be crucial. Production of subsequently sold coal will make all the difference and permit EDL to meet its financial obligations and that,,in turn, will revitalise the SP which is why I am here. From the current ultra low level this could easily treble in the very near future.

A lot of obsession with the tender and In the longer term that will be vitally important, but in the short term what will push EDL forward is news of more contracts and larger production, and actual sales. Those are the key elements to success and SP upward movement. Let's face it news must come very soon or we're in trouble. I think it will and I'm considering adding to my,by now, decent stake. The SP is a real bargain for any new entrant with enough well researched belief in EDL.

mcadder, in your last few posts. INFA looks to be on the verge of great things. Great for all of us. Viva JW!