Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It would seem output figures are NOT notifiable figure!!!. Up 1% on ten shares being bought, maybe we should expect 10 RNSs tomorrow - lol
BB agreed re selling stock and speculation, good news/bad news and notifiable news can be very different.
No increase in production I would now consider bad news but that could be included in any update.
Again I refer to 2018 series of news releases and the period of silence.
Having said that I will not be parting with any stock but also not adding at this moment in time, GL
Its all guesswork
If it was bad news they would have to let the market know and against that the same the other way
can only assume that something is afoot and its a case of waiting to see which way we go no point in speculating
All I can say is that the market wont be getting any of my stock
Well, it is now 2 months since the last update and not a scrap of evidence to support that statement, even the trading volume does not hint at any imminent news.
Increased production, increased sales book, increased enquiries ( unsolicited) where's the evidence?
Echoes of the in past unfortunately.
Again, I have to assume that something is in the works that is bigger than reporting modest coal production (which presumably won't have reached our target monthly quota to engage ILTL).
Waiting to be amazed. Time is running out.
5th May 2021
"Proposed strategic investment by Anthony (Tony) Buckingham of £1.00M as part of a £2.48M (before expenses) Placing, which includes participation from the Company's substantial shareholders"
So if Tony Buckingham's £1m is in a separate bank account, that left £1.48m. So correct me if I'm wrong, but the monthly burn rate is £100k, from the accounts, is that correct?
So February, 10 months after the placing Edenville will have burned through £1m including salaries for the BoD. We know we are not getting a lot into Edenville as revenue, again look at the accounts and the output figures. So for me Edenville have around £0.5m in the bank, if they are keeping Tony's money separate.
So how long before we get diluted again?
Why the silence?
Why no progress RNS'd re acquisition
I thought Rufus Short was appalling at running the show, but Alistair and Co are, in my opinion, up there with Rufus. How difficult can it be to dig up coal, since we have access to millions of tonnes of the stuff, wash it and sell it in a nation that banned the import of coal? Then tell us about what's going on.
The silence and the BoD are beyond frustrating!!!!
Even if it is a lifestyle company by design (which I doubt), I don't think Mr Buckingham, or any of the new investors, would be happy to see their money funding it!
News is overdue and the BOD must know it.
PS - would still like to know what Nick's role is in this setup...
....by last Friday and it hit 22.5p.
By the end of this week the output figures for January should be known by Edenville.
If they still refuse to issue an RNS for December's and January's output figures, I have no idea where this will drop to. I truly am hoping January's output figures are sufficient enough to hide December's figures.
We now move into the 10 month since Tony invested his money, which was announced by stating in regards to Mr Buckingham "His wealth of experience and broad network of relationships is expected to prove highly beneficial as Edenville looks to add additional assets into the Company as previously announced." No additional assets have been announced, so I have to ask.....
Is Edenville a lifestyle company for the BoDs?
What's even more hilarious (not)... is that it wasn't me that said it..!
Something must be on the cards [he says optimistically... and that's me quoting me, just to be clear!].
"December is a funny month" - I agree Teaye, but the biggest problem we have is that any of November to April can be funny months.
Diggerman makes a good point in his post around our operation being too small to cover our corporate costs. I can't remember how many times I've talked about economies of scale on here, profit, etc etc. They are fundamentals to our business and they don't stack up.
Coal clearly isn't our future - we've spent well over 4 years (and how many millions?) trying to make it work.
Let's get this new strategy sorted and the more news the BoD can give us around discussions and progress on that the more likely our share price is to move in the right direction. GLA
So there you go. They are waiting for good news before issuing a RNS, hence December's output figures weren't considered as good news. Enough said.
I did get a response from Tim at the beginning of the week... which was very much in the vein of old-style comms. Agree with you on the theory that they are waiting for some good news before sharing anything.
December is a funny month...
.....I can see them escaping the poor December figures is to give us both December and, if they have improved, January's output figures in one RNS. Hoping to bury old bad info with better info in the same RNS.
If no (December &) January figures are provided by end of next week, my own opinion is production is deep on the doo doo!!!
And knowing we need several thousand tons a month before conversation starts with ITIL about handover, then if production is poor, handover is still further away
If the capital burned over the last 4 years had been available at the start the the equipment would have been in place to produce a reasonable amount of coal for industrial applications. A typical undercapitalized operation that has been drip fed to keep it going.
I still think this could be a success as industrial coal but the operation is too small to sustain the corporate costs alone.
Esquimo - the CPP was a dream but I pretty much agree with Diggerman that it's a non starter. The lack of a business case, funding, our lack of coal output....there is simply too much working against us, even if TZ got agree it's a good idea.
RCPP was (not is) the cornerstone of our future. Its gone and we should all move on. The continued mention of "talks" is all noise, nothing more.
Our future clearly lies somewhere else - the strategic investments our BiD have talked about. We need updates on lots of things now. We're getting nothing. GLA
without an update and it will be two full months.
In October discussions to continue re the CPP, EDL firmly believe that the Rukwa coal is the answer to Tanzania's energy problems.
December the shovel handle was broken for 15 days in November so fingers crossed we should be able to fulfil the current orders and satisfy the customers new and potential that we can increase production conditional on the shovel handle not breaking again.
There's been no further comment on the CPP talks, no contracts to be seen. Diggerman flying around saying that the CPP is and always has been a non starter in complete contradiction of AM's statement, is there any wonder that the SP is where it is.
GW, apols missed your post, I was just blathering, I have heard no rumours and judging by the trades and ongoing silence neither has anybody else with an interest in EDL. As a long term holder silence has always been ominous, hopefully this time they will buck the trend.
.
Hence the move away from Coal possibly
So none of his experience is in coal, which speaks volumes for the future
For me the last appointment of Franco Caselli is important look at the cv
Franco Caselli has a degree in Geology from Florence University, and he is also a geoscientist professionally chartered by the Swiss Association of Energy Geoscientists and a member of the International Geothermal Association.
Mr Caselli has more than 40 years of experience in the energy sector having previously worked with majors ENI, Fina, BP and Norsk Hydro and with US and UK independents OXY, Hunt Oil and Heritage, gaining considerable energy business experience in Southern Europe, Africa, Middle East, Far East and North Sea. Professional roles range from exploration leader to business developer and general manager.
He has worked across both the hydrocarbon and renewable sectors in geothermal and solar energy and is the director of geothermal exploration with new high temperature technologies for Geolog Green Energy. He previously worked for Enel Green Power in deep high enthalpy projects in Italy and Latin America. He founded Terracon Resources S.R.L. which was involved in energy and mining projects in South Europe and Africa and has also managed integrated energy projects with international institutions and governments.
He was also at heritage which Tony was at and sold for a significant amount of money , joining the dots and you can see a plan I think!!
Esquimo - I like your logic around the impact of the next RNS..
Seriously though, why would we need a fundraise? Have you heard rumours?
Will have an impact on the SP, whatever it is!
There's 2 outcomes,
It will be a belter ,
A fund raise.
History would suggest the latter due to the silence,
Ever the optimist, I am going along with BB's option of this being a good year for EDL holders.
Only 3 days left this month.
Bullish
I agree, coal is dead for Edenville in my opinion. The sooner they can hit whatever target it currently is to start talks with ITIL the better. Sell it or give it away, just stop spending a £100k a month to stand still!!!
As said before this is now no longer just a coal play so although it would be nice if they have managed to fulfill orders and targets that were previously mentioned (for me ) its not the be all and end all.
For me I am much more interested in what the other direction will be, I think of it as almost a shell company with a small asset that might get a bit of cash back if sold or kept.
So for me now is time to be patient and wait to see what happens
Fact is the stock remains steady as big holders are not offloading at all (I wonder why)
That's one way to look at it BullBear.
Another way is that those that want to accept a massive loss have gone, those that have invested £1m, have TR 1 holdings and those that really can't be arsed anymore stick around.