Washplant, page-12

Looks like when things were maybe looking up President of Tanzania publicly announced a Presidential Decree that IEC have not performed over the past 8 years and that Dangote be given a license in Ngaka to mine themselves due to the failure of coal to be delivered and unsuccessful operation and mounting debts to the company.

I'm just wondering where this company is heading and what the affect will be to not just future revenues but what their actual existence will be.

I took the pain over a year ago to stop posting but with this latest news maybe the management for once should honestly respond to their shareholders as they have failed to deliver on many occasions and maybe this time it could be the last time.

My concern is for the long term holders who believed in this management and board and have suffered significantly over a number of years.

Wizard!