Edenville Energy Share Discussion Threads

[bibdaddy] 07/6/2016 21:47

I don't know anymore!!

I am just hopelessly clutching at straws!

[jacksonpollack] 07/6/2016 20:50

Bibdaddy. And your point is?

[bibdaddy] 07/6/2016 19:43

hxxp://www.dailynews.co.tz/index.php/home-news/50414-us-avails-2-6tri-funding-to-dar


US avails 2.6tri/- funding to Dar

THE government of the United States has announced that it will pump 2.650 trillion/- (1.21 billion US dollars) to Tanzania, just two months after its foreign aid agency – Millennium Challenge Corporation (MCC), pulled 472 million USD (nearly 1tri/-) of funding in protest over alleged suppression of democratic rights.



US ambassador to Tanzania Mark Childress told President John Magufuli at the State House in Dar es Salaam yesterday that his government will release 800 million USD, nearly twice the fund cancelled by MCC, to support development projects.

“The USAID is expected to sign another pact with the government of Tanzania. The pact will see the aid agency commissioning 410m USD next year,” the ambassador said shortly after meeting President Magufuli.

According to the envoy, the new support is not related to the one suspended by MCC earlier this year. “Cancellation of MCC-2 funding has not changed our relations with Tanzania, and this includes development support,” Mr Childress noted.

The envoy assured President Magufuli that his government had a number of shared interests to team up with Tanzania, notably in the area of improving agriculture, education and health in the country.

The US independent foreign aid agency ceased its maiden support to Tanzania, citing the March 20 election re-run in the semiautonomous Island as ‘neither inclusive nor representative’;. In the election, incumbent president Dr Ali Mohamed Shein emerged victorious with 91 per cent of total votes.

The planned 472m USD was an addition to 700m USD the US had given to the Tanzania government in 2008 to improve transport, energy and water. Mr Childress, who was in full support of the MCC decision, immediately noted that Tanzania was the US’s largest bilateral development partner.

“We will continue our work together to improve health and education, promote economic growth, and advance security.”

Before the support was brought to annihilation, the government has earmarked to speed up clean energy supply and policy reforms that would change the state-run utility, Tanzania Electric Supply Company (TANESCO).

However, in his remarks to the US ambassador, President Magufuli said his government will continue improving bilateral relations with Washington, adding that the funds were vital for economic development.

“The ambassador has assured us that the US will offer development support to Tanzania amounting to 800m USD. Moreover, another agreement amounting to 410 USD will be signed anytime from tomorrow,” he said.

He added that the decision to suspend MCC support has not affected the country’s friendship with the US. ‘’Tanzania and the US will continue being friends and now they are pumping more money to facilitate Hapa Kazi Tu efforts,” the president observed.

President Magufuli had in the morning met Belgium Deputy Prime Minister Didier Reynders to chart ways to improve bilateral relations between the two countries.

The two also discussed on the progress of projects

[stevie050] 07/6/2016 15:12

"Disservice to clowns"..... nail on the head

[jacksonpollack] 03/6/2016 19:50

All resolutions passed, lol. Oh, edl you do crack me up. I wonder what exagirated bonus they'll be paying each other this year. Calling them clowns does a disservice to clowns, but it does sum them up nicely. The share price is slipping too much for the next wages placing to be as high as .0175. I'd expect it to be .0145 or slightly lower.

[stevie050] 03/6/2016 14:12

Perhaps they had them on tick...... next week at .0175 ? Anyone agree ?

[bibdaddy] 03/6/2016 12:46

I thought the placing would be today to pay for the prawn sandwiches and coffee at the AGM.

[stevie050] 03/6/2016 09:24

Thought the placing might have been today.

[bibdaddy] 03/6/2016 08:57

This BOD are a shower, fortunately KIBO, another coal to power supplier in Tanzania give investors a continual news stream and their share price is on the rise. I have a holding in both companies but I am far more optimistic in KIBO.

[jacksonpollack] 27/5/2016 16:29

KIBO up on no news, Edl down on news, lol. Looks like the share price is being primed for the inevitable wages placing.

[whoppy] 27/5/2016 14:45

Setting up a new Tanzanian power company to raise finance does away with dilution.

[glasswala] 27/5/2016 14:34

dbno, Ditto Stevie050

[stevie050] 27/5/2016 14:08

I would love you to be right...... but this situation & todays RNS does have an ominously familiar ring to it.

[dbno] 27/5/2016 13:57

stevie050, certain doomsayers don't like me repeating myself so I'll just keep shtum and let you draw your own conclusions.

[stevie050] 27/5/2016 12:35

Does anyone think there won't be a placing in the next week or two ? Only real question is at what level - sub 0.02p ??

[dbno] 27/5/2016 12:24

If I am able to attend the agm one of the questions I intend to ask Rufus is whether he feels the BOD are complying with their fiduciary duties in respect of shareholders.

[stevie050] 27/5/2016 11:12

Totally agree.

[jacksonpollack] 27/5/2016 10:46

dbno. You forgot to add. And no money or finance to pay for it. Wages are paid first and everything else comes a distant second. The only finance they have is through placings to add to the laughable 10 billion shares in issue

[dbno] 27/5/2016 09:25

Did some of you miss this bit?




Highlights:

-- New subsidiary established to advance the power project
-- The Project Concept Note for the power plant accepted by Tanesco
-- Environmental Impact Assessment registration application and Project Brief for the power plant submitted

-- In discussions with a number of power plant developers that could finance the project up to construction and potentially part of the construction cost

-- A site visit with two of the interested groups are now commencing

[stevie050] 27/5/2016 08:17

Exactly. News + Price spike = placing.
This to me says "We're doing really well, working on funding - it's not quite there yet, but will be soon, we promise it will........ but we're going to need another placing, just to tide us over until we get the funding." Same old story

[cpap man] 27/5/2016 07:45

Yup and we all know what happens next don't we?!?!?

It begins with the letter P

'nuff said!

[rich2006] 27/5/2016 07:41

Well at least it is a full update with clear details of tasks completed and tasks still outstanding

[never_say_never] 27/5/2016 07:13

This time next month we will be millionaires....lol