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Esquimo, you ask "If you can explain to me how EDL is going to increase shareholder value in the next 12 months by a means other than coal I am all ears."
As such as no one knows what the future holds this is my opinion on Edenville's future
They are going to need to get to 3000 t/m over more than 1 month, so my view is the handover isn't going to happen in August.
If they can get it to 3000 t/m there is going to be a choice. Hand over or sell up completely. At best coal will play a minimal part in Edenville's future. Maybe ££ per tonne sold at best. Edenville won't mine it.
They may sell up completely
The money raised will go into the acquisition of a company that already has an extraction licence for, say, rate earth minerals, helium, gold, copper.
I think Edenville will change its name
Edenville will issue a new investment strategy
At that point the sky's the limit on the share price
But most of all we just need news. If it's bad news we just need to flush it through the market. If it's an announcement of concrete facts that's good, we have to stop these jam tomorrow RNSs.
Just to confirm aerial, do you believe that covid was the only reason to suspend production and thus handover couldn't proceed? Or is covid ONE of the reasons why production was suspended and thus handover couldn't proceed?
So you're saying handover couldn't proceed because production was suspended?
There’s is no argument, it’s quite clear. The stand down and suspension of production as a result of covid-19 is unambiguous, and as a consequence the handover couldn’t proceed.
Aerial, it's unlike you to give a selected response in order to support your arguement!
Aerial
"So which is it? Delay in handover due to Covid or delay until this magic 3000t is reached?Or perhaps delay due to elections and work permits?"
Although I'm still not convinced by the Operational Updates and notably the differences regarding ILTL in the RNS of 24 June and the one of 15 January.
In January....expected handover in February.
In June...no mention of handover but "The status of the agreement with Infrastructure and Logistics Tanzania Limited ("ILTL"), as announced on 8 June 2020, will be reviewed once production rates at Rukwa exceed 3000 tonnes per month."
Then in 29 June with our Annual results..."The expected handover of operations under these contracts has been delayed due to the Covid-19 pandemic."
So which is it? Delay in handover due to Covid or delay until this magic 3000t is reached?Or perhaps delay due to elections and work permits?
It's mixed messages which, given our PR track record, comes across as continued excuses. It's a sure fire way to build trust in the market. And perhaps that is exactly why we have next to no volume.
We do need an update, although I worry we may have to wait until interims in September for post period updates. I genuinely hope I'm wrong and we can get something positive to move the share price on a bit.
Sausage has the ability to see things others don’t, but seemingly missed Covid-19 which we know (most of us that is) that the pandemic is the unequivocal reason it the handover didn’t happen.
Not unusually your ignorance and negativity shines through !!
————————————————
As RNS’ed 7th April 2020
Paraphrased re Covid-19:
“Edenville has elected to stand down Rukwa employees and suspend production with immediate effect until the situation is resolved”
Alistair Muir, CEO of Edenville, commented:
"As with much of the world, our operations have naturally been impacted by the rapid spread of COVID-19. Our principal focus must always be on the safety of our employees, as well as the moral obligation to do what we can to reduce the spread of the virus. …
The delay with ILTL has been given an explanation in a RNS, which will be as much as you will get, so little point harping on about it.
The 3k tonnes pm condition I would guess is so that ILTL can continue without any delay in production and just slot their personnel into place.
3k tonnes pm should not present a problem if as they say everything is in place to build up to the full capacity of the washer. That is what we will find out in due course.
Is an 11 month delay part of the master plan??
Mastery is still to be proven.
But I'll take a plan, though, if one's going!
Teaye72
I’d guess much is built in, and think the consolidation was absolutely correct. Hopefully all part of the master plan !!
....the price holds.
Positive, IMHO.
[Context: https://www.y o u tube. com/watch?v=-hJQ18S6aag]
Picnic basket?
. …
Quite clear:
Consistent with the positive sentiment in the region the Company is working on a number of other supply opportunities in the East African region, for which further expansion of production capacity at Rukwa may be required”
“further expansion of production capacity at Rukwa may be required”
Coal is key, and will be for the foreseeable future unless we are lucky enough to get an offer !!
Can anybody tell me what they think AM and NvS have brought to the company??. …
SoS, TB is exploring future acquisitions, he says. What are they/ How will they be funded/when will there be a return?
Coal is at this moment in time our only source of immediate income and according to the RNS our future income. If TB can improve on that all well and good and who will argue? The RNS is quite clear our immediate future is coal. If TB can improve my share value by diversifying (I don't mean in another ten years) then I'm all for it.
If you can explain to me how EDL is going to increase shareholder value in the next 12 months by a means other than coal I am all ears.
As I've said, this I'm sure will come good, but for me we will be a very different looking company when it does, even potentially a name change.
Esquimo, you missed this bit....
"On the acquisition front we have recently spent time with our new strategic investor, Tony Buckingham, and we look forward to exploring opportunities with him and his team, alongside those provided by other parties."
Acquisition front.......
NvS also states for a variety of reason coal is not the future for Edenville.
Aerial I've said it before SoS seems to have a rain cloud hanging over his head the size of a dustbin lid.
When the interest in trading picks up I will take that as indicating news imminent.
We should now be in a genuine transformational phase but we need that update !
I have no doubt that the increasing price of coal will be causing some intense discussions re contracts.
We shall see what the rest of the week brings.
esquimo
Sos obviously sees what ‘others’ don’t!, and now hedging his bets covering as many scenarios as possible in a single statement. lol
Based on what we have be told you’d think an Update is pretty close.
pi
It would!
SoS, we all read the news releases, you obviously see what I don't, the last update stated that we were producing coal with the aim of consolidating contracts with a target of 3k tonnes to satisfy ILTL, plus a full order book to come, and what was their original aim a CFPP. As I have seen no news release to contradict that I
see no need to speculate outside of what might happen to their current source of income which is a coal mine with sufficient coal for 30yrs plus.
If they can't make this work who will trust them on a new venture?