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I am hanging in there and surprised that things are moving with no releases to date.
But very happy long May it continue.
New investors queuing up.
More importantly anyone who wanted out has had the opportunity to sell so fresh investors on board now
I’m in with 2.4 k . I’ve been in and out of this company for 12 years with a heavy loss but I feel now is the time to get back in , there definitely something brewing and EDL seem a different company now ! Good luck all !
Well, I've had worse days as an Edenville investor!
Nice to see some positive movement in our share price again this week. GLA
Just had my last small top-up to bring my average down again, certainly hope I haven`t thrown more money away, but now looks more positive with all the recent news and hopefully further developments. GLA
worth joining the @edenvilleenergy @shukaminerals_ telegram group
****/c/1963546641/6…
this is just the beginning and lots happening
#edl #zinc #coal
Well of course, if they priced them at 25p then it follows that they expect the price will be well over this figure.
They won't cash warrants untill well over 25
Similar in maru. Many of the 5p warrants are getting converted at 10p share price
Blimey. You think this project will be injected into EDL?
Looking strong here and my eye is on the 25p warrants as a near term target.
Kabwe zinc est 6.8 Mt @ 13.3% Zn
QGC is currently in the end stage negotiations in respect of a high grade Zinc and Lead asset in the heart of Zambia.
Which Project site has produced results of the presence of Zinc at an average grade of 13.3% and Lead at an average grade of 3.3% with the reserve set to yield approximately 6.8Mt.
The site further presents opportunities for sulphide ore mining as well as further exploration in the hopes of increasing the current declared yield.
This transaction will represent a value growth increase from 801 Million USD to 1.03 Billion USD
QGC.co.za has been updated to include Edenville and future project
You don't mention how much you invested. I'm with Teaye72, reinvest a third of your original stake and you should be alright.
DYOR, no advice intended etc etc.
I have no idea what the catalyst will be but am happy to put my faith in the Brewer magic to make the share price go up.
https://www.share-talk.com/top-8-small-cap-shares-to-watch-in-summer-2023-ondo-ggp-kod-maru-edl-prem-bres-sav/
Average down and you might make your money back...
In 2008 this share was 3p its been consolidated twice, first time 10:1 second time 1000: 1 so when this hit £300 ill start to get excited
Worth following Jason Brewer on Twitter. He is an active poster.
Bullish - I've questioned the capacity need for a second washer as the one we have, apparently, has a throughput of 10k tonnes per month.
The info we have from our P&L suggests we need about £150k per month to break even. That's from 2019 which was the last stable production year when we did all the mining, so carried all the costs of sales etc. I suspect the cost of sales will have increased a little since then.
Our income is about £35 per tonne according to the last operational RNS (March) so you're looking at somewhere between 4000t and 5000t per month average to pop over the breakeven threshold. But....with the impact of the rainy season, which can be an unknown, I think we need to be upwards of 8000t a month in the six month dry season to give us a fighting chance of annual breakeven.
That's very rough and ready from the top of my head as I'm on the train.
Time will indeed tell, but like I posted earlier, I'm no fan of spurious investor reports when they don't appesr to pull out the facts we actually have in the public domain.
I too am wary of any report that does not come with a disclaimer of 'Zero renumeration received from featured company'
Apri/May have been reasonably dry so I would expect production targets to have been met. Which makes me wonder what has happened due to the lack of updates after April's production and May's production.
No doubt we shall find out by this months end if not before.
If our new investor was able to get a new/or reliable washplant etc on site quickly as some have suggested on other boards we could still produce some decent numbers even at a 6 month run rate dont you think Green?
Given our last update was talking about only 2k tonne we could do significantly more you would have thought?
Time will tell I guess
Interesting article. I'm always wary of these things when clearly the writer has done limited research. "March-May is the long rainy season in the country, so this is a problem for three months in every 12."
Nope, the seasonal rainfall in Tanzania isn't the same across the country. Our wet season is October to April - always has been (we had extensive floods in Jan 2020 due to rainfall..) and it always will be.
https://www.tanzaniatourism.go.tz/post/FACT/17
With the increased funding and JB getting involved with the intention of developing the Rukwa coal field into profitability, another update with the results, should see a sustained rise in the SP over the coming weeks/months but we have had promises before?
Thanks for the link.
I fully expect a MARU type situation with the same team onboard.
I’ve bought a few.
Https://twitter.com/StockBoxMedia/status/1666054430095974400?s=20