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Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Edenville Share Chat (EDL)



Share Price: 0.755Bid: 0.73Ask: 0.78Change: 0.00 (0.00%)No Movement on Edenville
Spread: 0.05Spread as %: 6.85%Open: 0.82High: 0.82Low: 0.735Yesterday’s Close: 0.755


Share Discussion for Edenville


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DegsyAlmomd
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.755
Edl chart
Today 00:44
Back testing support / breakout at 0.7 - and held still have 1.1 as upside target short term.

https://twitter.com/donks77/status/822241819832569860
 
john_z_doe
Posts: 481
Off Topic
Opinion:No Opinion
Price:0.755
I am not suggesting anyone sell
Thu 23:40
I am keeping mine. What I am saying is that price speculation may be way off target, so you should not take anyone serious when the talk about 5p + in a couple of weeks/months. If you want to put the crown jewels on this share it is up to you.

It may happen if EDL is very very very lucky, but I for one would not count on it this side of summer.

DYOR
DegsyAlmomd
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 23:23
I think the market likes speculation. Especially 171m t of coal and production speculation. We'll see.

Risk reward does seem to be in our favour following the last news.
BilboMultiBaggin
Posts: 1,038
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 23:04
How do we not know that contracts will be paid quarterly ? Then it will be q3before we see any cash?
We have no idea about the quantity we are supplying?
It might cost us to produce 5k tons per month
But we could 10k a month might be profitable
Those a amounts were pure speculation and just used as an example I plucked them out of thin air
We have no details at this stage
DegsyAlmomd
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 22:56
Exactly that's all we can do but as long as contracts do follow the upside hatch is opened for all holders.

Contract updates could come tomorrow, Monday or for several days on the trot. That would be something worth being in for.
BilboMultiBaggin
Posts: 1,038
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 22:53
Well see
DegsyAlmomd
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 22:47
That's from the RNS. They aim to be cash positive this Q. The thing is the potential customers that have taken coal have been in tow for many months so we don't know what has been organised around these potential contract of which there're expected to be several.
BilboMultiBaggin
Posts: 1,038
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 22:32
I very much doubt we will be cash positive this quarter
We have plant to pay for...... Possibly hired/bought
We still need to develop the mine
Have no details about potential sales
I am positive here
But I just think a few here are getting a bit ahead of themselves
DegsyAlmomd
Posts: 8,230
Off Topic
Opinion:No Opinion
Price:0.755
RE: Edl
Thu 22:22
Producing this Q from 171m t high grade coal resource worth $6.9b and our cap sits at £5.6m.

Contract news to surface at any day now.

Cash positive Q1.

Anything else?
sharefall
Posts: 258
Off Topic
Opinion:No Opinion
Price:0.755
I know the reason for the drop
Thu 22:12
It's me buying in again. Sorry chaps.




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