Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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revenue for the year as a whole of £105,228 (2020: £33,852)
This BOD are takin the P-I-S-S.
and a Sept/Oct timeline for major customer orders to be in.
"The lack of progress by Nextgen culminated in the announcement on 31 May 2022 that the Company had reached an agreement with NextGen to terminate the contract. Following the termination of the contract all mining equipment has been brought back into service by Edenville, whilst an additional pre-strip excavator has been added to the fleet. Up to three additional trucks have been sourced to rapidly scale production. Our initial goal is to satisfy existing demand from local customers of 1,500 tonnes of washed lump coal product and 500 tonnes of coal fines in the immediate future, targeting sales of 5,000 tonnes per month of washed coal late in Q3 2022, with coal fines sales also expected to continue and possibly expand. During the first half of 2022, 9,466 tonnes of ROM coal has been mined. "
See how they do then.
At least they got the results out in time. lol
So they've eaten into Tony Buckingham money which was for a new venture?
Apparently later this year?...
"As at 27 June 2022 the Company had cash balances of approximately GBP515,428. Whilst this is sufficient for the Company's current needs, at Rukwa, where it is expected the Company will become cashflow positive later this year as production ramps up."
This time next year Rodney!
there is a saying, when you are in a hole stop digging.... this is a case in point, revenue is 105k, the cost to dig it up 685k... so if they stopped digging the coal out of the ground they would save money, just to reiterate it in a different way, previous year sales were 34k, so this year they have increased by 71k, but the extra cost to dig it up rose by 101k,
Time to down tools and walk away, sell the asset for whatever you can get
Now it turns up
Anyone find any RNS? Not seen as of yet.
Doesn’t bode well… at 10p…
Whoever sold 240,000 yesterday is either a genius or a crazy mad fool dependent upon tomorrows results (if they get published)
S h i t and bust more like
a late reported sell from yesterday of 240,000 shares popped up tonight hmm
I always find it amusing that the very people who speak knowingly about "tree shakes" and "MM manipulation" generally discount the effect of consistant negative BB sentiment; the most likely targets of such ploys are the weak hands (small investors) who would also make up a good portion of BB audiences. Herd fear is a very real phenomena.
I'm sure we will find out tomorrow why the price has halved in a month.
And it's not because of this board
"The bashers on this board have taken the stock down from 20 to 10 the other day" lololol thats the dumbest post ive seen on a BB in a long time and thats saying something...
Bullish - you're saying MMs with portfolios worth tens or hundreds of millions take that level of interest in a tin pot AIM company with a MCap of £2m? No, sorry. I don't buy that.
I know what you have said before about MMs having gophers on these boards. You can see that level of orchestration when certain names appear on shares that get very quickly linked to ramping / deramping crews on Twitter and the like.
It's even seen here occasionally when we get incentivised, sorry incessant, ramping crews.
But the views on this board for Edenville have no bearing on our share price - there simply isn't the interest or the volume for MMs to make a crust.
From that 1 trade, looks like my 7am RNS prediction was a day out of kilter.....!
RNS before end of day, or we think tomorrow?
:))
That's those people in the MM office that read this bulletin board. They've put a 1 trade through so we write about it on here
1 trade at Bid... someone playing games...?
"I didnt call anyone out yet guess who is the first person to react ha says it all"
Nobody said you did, but I responded, see point below
"If you really dont think negativity and constant bashing has no bearing on a share price then you are mistaken"
Please tells why you think we are mistaken, what is the connection between anonymous posts and the MM dropping the price? How are they connected? By what process? Is there someone in the MM office reading this stuff and then says Hey SOS posted let's drop the price because they are moaning again?
"18p going 15p coming 10p next s h it or bust tomorrow need I say more its crazy if your a holder ?" I'm a holder but a realist, if the company is not adding shareholder value I'll say it. Other than through consolidation, show me three months where the share price has been higher in the 3rd month than the 1st month.
"hoo its reached my target and by the way I've lost 1000s of pounds Im so Happy" Only gamble what you can afford to lose and you should take the emotion out of your investment choices.
Green yes your right the market makers put the prices on the screen but if you don't think bbs tweets etc have no bearing on which way they take prices up or down then you are wrong...its not all about fundamentals with them the market is sentiment driven as well. So if negativity seems to be the norm then they will feed off of that I'm afraid
Anyway we shall see soon enough I guess so things will be clearer to us all to make a fact based decision on what to do next.
Bullish - "If you really dont think negativity and constant bashing has no bearing on a share price then you are mistaken".
No, the MMs have taken the price of our shares down and over the next two days we're going to learn why.
The miserable level of comms from our BoD, something well known to many of us on here, will have done nothing but allowed rumours in the market to take hold and drive the price down. PIs are always last to know, always.
The annual results will be what they will be and have already been priced in before now - there's been little to cheer about in 2021 so we can expect the usual figures.
I still think there's a discount placing in the offing.
Hopefully bust
I didnt call anyone out yet guess who is the first person to react ha says it all
If you really dont think negativity and constant bashing has no bearing on a share price then you are mistaken
18p going 15p coming 10p next s h it or bust tomorrow need I say more its crazy if your a holder ? woo hoo its reached my target and by the way I've lost 1000s of pounds Im so Happy