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The MCap is currently £3.20m
The proven coal is 173mt
The unproven coal on the other licences is estimated to increase the total considerably!!
173mt of proven coal and now wash plant in operation with several new clients interested in buying the coal. Management are confident they will sell it. Have the good old days finally returned for EDL holders....EDL finally being able to exploit and produce the goods. Seems promising, at long last. The cap of £1.56m seems rather attractive ...!
And ! Dont forget there are workies on the ground on Peace work if your old enough to know what that means!
IE Share options for targets reached.
Happy fathers day to all you daddies.
I would that add nothing has changed with regards to our Fully Licensed working (soon to be in profit) mine with 173mt of proven coal etc.. Just need the TGov/Tanesco to change their minds again and it could be even better.
All imho bwtfdik pdyor !!
pi
I don't think I have ever seen a quote from the company regarding profit per tonne ?....
In any event I will probably be adding during the week, maybe even tomorrow after moving a large amount of recent in profit EDL's, AND buying back some. Everything considered, especially recent history (when I emailed Rufus telling him my property in Tenerife was valued higher than the EDL MCap) I find it slightly reassuring that I can NOW actually see way out of this after a very long, and pretty miserable time invested..
I believe the profit quoted at the time, was between $10 and $20 per ton based on the commercial coal price at the time.
In the interims it claimed that the value of 1k tons and less would be $100k when transport.was included. The EOY results should make interesting reading, as aerial said they will delay the results in the hope that they will release some decent news, or words to that effect, we shall know in a couple of weeks.
Aerial I thought that price was quoted a while ago in a podcast ?
pi
Where did you get $10 - $15 from ?..
Mark where does it say 40% profit? I thought it was 10 - 15 dollars a ton profit they were working on
Meant both mines not plants. Ah well, I'm sure he get what I meant.
See what happens.
Dear Rufus, Hope you are well, I have a couple of questions regarding the latest RNS. Timescale to 10k a month is this due to tweaking both plants for maximum output or for contracts to come in for coal resales? Once 10k has been reached and on 40% profit do you plan to pay dividend or consider share buy back? Thank you for time. Mark
I was going email Rufus, have questions regarding "within 10 month timescale" is that because waiting for new contracts signed? Could it be a lot sooner? Also want to know the plan when 10k a month / 40% profit, share buy back? Dividend? Will post reply if I get one.
Explain to me why we wouldn’t be achieving 6 k tons a month by August?