Ann: Quarterly Activities Report, page-33

Ha! Edenville had to do a deal with a ILTL to grease the right palms imo. I'd be surprised to see them buy up IEC's share.
For IEC to go from the first coal mine in Tanzania, with much better coal & licences than Edenville to selling their business to Edenville would be a great disappointment and a failing of IEC imo.

@Seth - favorable tax/incentive ROFL!!!! We've been screwed by the Tanzanian government with regards to taxes! It would be a nice thought if you were right though. They just want the project for themselves now that all the hard work has been done by others.

I figured this price movement would bring out the traders.
I hope any future sale of the coal assets retains some kind of exposure though. Management & shareholders have waited too long to just walk away and GR has invested a LOT of money into this.