Edenville Share Chat (EDL)

Diggieboy , where is the info from?????

Of course Norrab1 agrees with larrysumbawangajogonsongrayson you wouldn't expect anything less lol

Truly made my day !!!! :)))

Came from Fergussons at Hunterston when they went bust

As per RNS NOV. was the month when consolidation will take place.
Why make any other date up? Sheer nonsense.

Well diggieboy??????
I guess you know the name of the seller also?

Where did you find that info diggieboy

Well Nobi I guess you are wrong as well or should I say again!
Most think your posting skills are clearly embarrassing to say the least.

The wash plant came from the West Coast of Scotland. The engineer who ran it there (now left) came with it.

Agree with Larry here, the organisational skills of the management are clearly embarrassing.

I can see a consolidation announced with (or most likely just prior) to a placing, in the next few days.

Under the terms of the Variation Agreement Lind has agreed to extend the First Convertible Security Repayment Holiday from 16 February 2019 to 1 September 2019, in return for which the Company has agreed to:

· increase the amount outstanding of the First Convertible Security, which is currently US$855,000, by 15 per cent. to US$983,250 with effect from the date of the Variation Agreement;

· convene a general meeting of the shareholders of the Company, prior to 30 September 2019, at which a resolution will be proposed to approve the consolidation of the Ordinary Shares on a 100:1 basis (that is, such that each 100 ordinary shares of £0.0002 are consolidated into one ordinary share of £0.02) ("Consolidation");

Should be quite interesting to see the company deal with the

Magazine smile has his facts wrong again!
Only the engineer ( if still contracted ) is from Scotland.
And only laughing boy could make that up------- what a villager!!

Exdragon - yep, I’m quite surprised the trucks weren’t shipped from Scotland to be honest, like the washer. It really is like watching someone doing their first DIY project. Like “oh maybe an electric screwdriver would help with all those screws.” And then “oh we’re going to need some driver bits for that screw driver.” And then, “maybe if we get another battery for the screwdriver, we can do more screwing without having long breaks in between for charging.” And then “oh this screwdriver is not powerful enough, we best get another one.” Etc etc except with a coal mine in Tanzania. Is it any wonder the government don’t trust them with a power station?

but hey ho, that's just the optimist in me !!

It will fly imho, it's just a matter of when..

Boffer
Guess you read my Bloe posts!? I was in and out (10 to 12) someweeks back. Now back in with a larger investment (not colossal) @ just below 7p. I'm not that up to date with the fundamentals and am not really interested. I'm trading it on sentiment alone!! :))

Yes Kibo needs some news and I think they well eventually do well. I have had an order in for three weeks that will finally achieve a 50% reduction in my average if dealt. We live in hope!!

the frustration, but really think that if it wasn't for the bods foresight several years ago, well in advance of the unforeseen nullifications of the Power Tenders THERE WOULD BE NO EDENVILLE, and we would have all lost our money.

As it stands there's a chance the company will move into profit in the new year or before. We all know the story, but I believe there is a Great deal of credit missing because of what has actually been achieved in Extremely adverse conditions. If they succeed they will be unique in east Africa for sure, and due purely to of their foresight imo.

Have a look at Kibo Energy, they have 7 new Tanzanian Mining Licences and No mine, No money (we assume) and No foreseeable revenue stream in Tanzania..

All imho pdyor

Ey up Aerial, I think BLOE is where it will all explode over next few weeks / months but I could be wrong. Taken my eye of the ball with EDL for now but I may reappear at some point. As for Kibo.........well !! Words escape me.

The RNS dated 21 Aug 2019 came out of the blue and represented another unbelievable instance of an incompetent BOD and staff totally out of their depth in quarrying and coal production.

This advised that "Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to announce it has taken delivery of two recently acquired 30 tonne trucks to be used in mining load and haul at its Rukwa Coal Project (the "Project") site." Utilising a modest part of the proceeds from the fund raising undertaken in May 2019, the trucks will provide the backbone of load and haul operations at the Project. As the Project expands the trucks may be supplemented with additional units. The Company has previously been relying on trucks supplied by contractors, which in the past have sometimes proved to be both an expensive and inefficient option. The two new trucks will operate on a two shift per day basis, compared to the single shift for the previous contractor's trucks, increasing the amount of coal that can be delivered to the Company's wash plant. As a result, the wash plant is expected to move to a double shift basis in the coming weeks, thereby boosting productivity at the Project.

Previous RNS's from 14 Jan '19 to 13 June '19 gave no indication that company haul trucks were necessary with EDL relying on trucks supplied by contractors as noted in the RNS Number: 8910Y on 14 Jan 2019 "As stated in the announcements made on 6 Nov 2018, 17 Dec 2018 and 20 Dec 2018, the net proceeds of the US$750,000 Initial Loan from Lind are being used by the Company for a number of purposes. This includes the purchase of a second excavator to open up the new mining area to the north of the current excavations. The Company is pleased to confirm that this second excavator has now been acquired and together with the existing excavator and four additional hired haul trucks, is in operation at the Company's Project site. These vehicles are currently all being employed to increase the amount of material being mined from the existing pit, but the newly acquired second excavator and associated haul trucks will shortly move to the new northern mining area to begin opening this up. The mobile in-pit lighting to allow 24 hour per day operation in the existing pit has been installed, further increasing the Company's mining capacity".

The 14 Jan '19 RNS had noted that the requirement for extra trucks was being handled by the four (4) additional trucks with no mention of a need for company purchased haul trucks NOR was it advised in the RNS dated 14 May 2019 NOR in the RNS dated 13 June 2019 which advised that the first coal deliveries to the plant from the Northern Area were scheduled for July 2019.

PS No production figures given post the plant upgrade etc; let's hope the board surprise us.

BigEye
You can't fail to miss the post similarities!
Too much of a coincidence don't you think?
We've had our fair share of narcissists over the years lol

Just waiting for SXX to hit my target and will be adding 1 or 2 more !!

John, this fool is just another narcissist trying to keep EDL from progressing to where it should be!
All real investors know these morons are just that.

JohnZ
I think the lth's here have lost their ability to do their own research! There's a Great set of newer pictures on the website and loads of information. The only thing missing currently is figures and tonnages etc. Looking better from where I'm sitting :)) Not long now !!! lol

Definitely a Buy for me, oh I did. An extra 10m in recent weeks :))

So the trucks EDL bought cannot carry the same tonnage as the contractors ones??

Edenville Energy adds two new trucks for Rukwa coal project
(Sharecast News) - Coal mine developer Edenville Energy has taken delivery of two recently acquired 30-tonne trucks to be used in mining load and haul at its Rukwa coal project in southwest Tanzania.

Do you know anything or NOT...

You say "They have now decided to buy 2 smaller trucks with around half the capacity of the contractor trucks and no dozer"

Then you ask "Does anyone know the spec of the trucks EDL bought, all I know is they are Tata from India."

??????

Does anyone know the spec of the trucks EDL bought, all I know is they are Tata from India.