The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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They keep gently chipping away at it.
Agree Pi,
Edenville have made hard work of digging, washing, grading and selling the coal. You'd think being a bunch of people with coal mining experience it should be what they are getting paid for.
Monday will be over half way through the month and still nothing on the July jam suggestions.
Could politely just list the date and RNS number that shows "looking to expand the mine" thank you aerial.
In what way do you feel the naysayers are hurting?
esquimo
As you say there’s nothing to suggest that’s the way we are going. RNS’ed looking to expand the mine and in talks with the TGov re the CFPS. Whatever the diversification coal will be financing it, and if they sell coal will have paid for it!
Quite simple (no pun intended Norrab1) lol
Which direction are we travelling in?
Jeff's
NvS
Tony Buckingham
Alistair Muir
Seems like we have a tug of war going on unless they can all agree on the strategic direction.
Which one will leave first, my money is on Alistair.
Seems all the naysayers are hurting lol
Not long now!
Coal is Key here !!
Affect meaning to influence or have an impact on something.
So sad and petty norrab1 for a seemingly intelligent guy. …
once again rattling a load of garbage.
SoS, coal is our source of income, until NvS comes up with a viable alternative it is our future!
Until we have the update there's little point in arguing over the value of our resource and income from it.
I don't understand your obsession with getting out of coal when there's little to suggest that is the direction we are going.
Get on to the phone and tell Jeff to give NvS a poke to settle you down.
What’s happening in the world will have little affect on Edenville and likewise not a word said on this board. The only thing that matter is the SP/Bid !!
Sausage it may be a good price to sell but as far as we know edl still cant produce enough coal to hand over the mine. I wish an rns will prove me wrong soon.
$146.2 a tonnes is great for those selling, not so good for those buying. Makes electricity generation more expensive, but if selling coal is Edenville's only revenue then it's a good thing for us.
Agree the price has headed south recently, I'm not sure it's plunging.
Coal will be around for decades, it isn't going to stop overnight. What is key is when each company involved in coal will step away from coal, and that is key for Edenville.
When will Edenville move away from coal, as we know NvS feels coal is not the future for many reasons.
Abu Dhabi, United Arab Emirates pmsl
Nice!
Exactly SOS .
Good to see someone with objectivity on here.
There really is no interest in coal anymore, it's a dirty expensive, deadly form of power generation.
Hence the plunging share price.
Renewables will have a place, displacing coal is a major problem. Power generation needs to be reliable and easily controlled to meet demand and as yet coal is and will be for sometime to come.
How many of these green pursuers have more than one car per household larger engines than necessary mainly for status.
The latest research on hydrogen, says that the production of hydrogen creates more greenhouse gas than diesel coal and natural gas..
I think norrab's point is that whilst it's good for those selling coal for the price to go up, for those buying coal to put into a CFPP to burn in the generation of electricity it makes the cost of electricity generation higher. Thus if there is a cheaper alternative, such as renewables, people will begin to use them rather than coal.
I think you are looking at different sides to the same coin
Basic arithmetic???
Increasing demand V reducing supply= rising price.
SoS is correct the SP is the result of no news and lack of a trading market.
The 'plunging' share price as you out it hadn't got anything to do with coal price going up or renewables going down, it the sheer lack of news and failure to deliver by Edenville's BoDs.
The two July suggestions never materialised, the mine hand over is two weeks from being ONE YEAR delayed, we aren't told output figures in relation to the 3,000 tonnes a months. As I posted recently, I said there was something else blocking the handover, and that is this mysterious 3,000 tonnes that wasn't announced at the time but was slipped into a RNS. Much like the 60 days after hand over to move resources that just appeared one day.
Yesterday's sell, yes less than £10,000 but a sign that those holding 'larger' (and that is relative to the sells we have seen recently) are now prepared to sell. We generally get up to three sells a day, although recent day there was more. There's no buying here to support the drops so people feel it's going lower or not worth it right now. Essentially the market has no faith in Edenville right now
We need news.
Indeed!
Every dollar increase in spot price of coal makes renewable energy generation more financially viable
glad you finally grasped it!
Basiic arithmetic really!!!
Hence the plunging share price, the big boys know this.
Yet the lemmings maintain their delusion.
Coal price continuing to rise.
The IEA has forecast the increase of coal fired generation to be 3% this year followed by a further 3% next year.
Abu Dhabi, United Arab Emirates, June 22, 2021 – The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts (GW) or 62 per cent of total renewable power generation added last year had lower costs than the cheapest new fossil fuel option.
(Hopefully the clown that keeps posting the spot price of coal reads this)
There is a positive read on the lack of response to an email sent directly to JM (versus via a third party or anonymous email address)... and that is that news is indeed around the corner thus replying with anything of substance might constitute privileged info.
As I've said before... the glass is usually half full. :)
If I ever get chance to chat to Jeff, I have way more than one question to ask!!!! But I would nudge him to reply to you T72 for sure.