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A bit of wishful thinking, after all it's what the market is waiting to hear as that will have an immediate affect on the SP.
Do you think they are going to tell us 1st week of September what the output is?
I think that we are all waiting to see if they can achieve 5k tonnes this month that would be a major step in the right direction, the 12k tonnes will need to be seen to be believed. 1st week in Sep. we should know.
Esquimo, I`m not holding my breath on a reply, just thought it was worth trying. Shame they don`t keep us better informed, considering we are paying their wages and have done for many years. Let`s hope things change regarding comms and movement/sales of coal. GLA
Agree with esquimo, no chance of getting the £ answer to that question.
The general response is that Edenville will communicate with investors when it wants to or legally must do so.
For me they showed that by not publishing output figures, even if those output figures were 0 they still could have / should have published them. They chose not to. It's shows me a lot how this Board are going to treat us going forward
Hawkander, you will not get a reply to that Q, contracts will vary with each private customer.
Before the rapid rise in coal prices I recall a comment in one of the news releases that 6k tonnes would be cash flow positive but I could be wrong on that.
Thanks for the replies, I have written to EDL to try and get a net figure and if I get a reply with any info, I will post it. GLA
The only reference to cash from coal was a comment made by JM about 4yrs ago in one of the RNS releases.
He claimed that 1k ton of coal had an income value (not profit) of 100k, I can't remember whether that was $/£s, that was covering all expenses, transport etc. It will be there amongst the myriad of claims on production and double shifts to cope with the huge demand, as yet to be realised.
Nope, they have never released anything that we could get a rough estimate from
Does anyone have a rough idea what the net profit is on a ton of our coal? GLA