Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sausageonstick
Posts: 6,576
Observation
Opinion: Strong Sell
Price: 0.36
It still boils my p1ss.....Today 16:33...when I read the RNSs
9th October 2017
The wash plant is now processing material to fulfil requests for coal that have already been made. Management expects production levels to increase over the coming months and are currently targeting production of at least 10,000 tonnes per month by January 2018. A range of sizes of washed coal will be produced to allow the product to meet specific end user requirements.
"We look forward to providing futher updates on the progress of the project in the coming weeks, including with regard to coal sales and contracts."
10th October
The Company recently started treating coal through its wash plant and once up to full production, currently anticipated to be in January 2018, and utilising the current plant and equipment levels, the Company anticipates production volumes of at least 10,000 tonnes of coal per month.
23 November
These initial, "test shipments", currently totalling over 1,000 tonnes, are to parties that have expressed interest in placing long-term coal orders with the Company, subject to finalising pricing and quality, that in total could exceed the initial planned output of 10,000 tonnes per month, which is targeted to be achieved by the end of January 2018.
31 January 2018
To help fulfil the demand for coal we are experiencing and to potentially increase the amount of unprocessed coal the Company can sell, the Company has taken the decision to also start mining the Namwele deposit. Namwele, which sits to the south of the Mkomolo deposit, will be mined by our Tanzanian partner, Upendo Group Ltd ("Upendo"). Upendo has already started clearing the overburden and we expect the first Namwele coal to be mined before the end of Q1 2018.
Processing plant
The Company's wash plant and associated equipment is currently running at a throughput of 30 to 40 tonnes per hour, operating six days a week for 8 to 10 hours a day. Edenville is therefore in a position to process 8,000 to 10,000 tonnes of mined material per month.
supply contracts may take, but we are confident that once logistical issues are resolved long term contracts can be entered into and further updates will be provided as appropriate.
27th February
Importantly, the Company believes it has now found solutions to the recent logistical challenges with transporting mined coal, as detailed in the announcement on 31 January 2018, and now has several transport options available at competitive market prices and with no current requirement for capital expenditure by Edenville.
Then once the money has been raised and investors locked in..........................
Sausage I saved a post of yours in premium chat a few years ago its still at the top page as no one posts.
I'll get it.
I think the last thing EDL needs are suggestions for more 'filler' verbiage to add to their already bloated useless RNS releases
Am reading up on some companies, one has an RNS which includes the following, wouldn't it be useful if Edenville added this to their RNSs?
"Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholder holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority."
The thing to consider with some IIs is...where is the TR1?
Nobody sinks £1m into a very high risk AIM stock without some serious risk mitigation. I suspect that mitigation strategy is being managed by one of our nominee holders. What they are doing in the background is anyone's guess.
Look at it this way - Tony bought his shares at 25p - the share price throughout the whole of May was 35p+ or an easy 40%...
Anyone remember the Brian McMaster loan of £100k in November 2019....repaid in February 2020 for £120k.
As most of us on here know, you don't get (or stay) rich by leaving big chunks of money in AIM shares
....if they actually kept the digger going this month or if the temporary repair let them down?
I've read past RNSs, and I'm well aware of the delta between what they suggested is going to be 'delivered' and what they actually delivered. Go back to January 2017 RNS and read about potential customers, read the RNSs from January 2017 to today. Make a list of what they suggest and another list of what they have delivered, you'll be surprised, or may be not!!! Lol
Haha I dont know what your worried about the bod said they will do it, just read the past rns what they said.
If I was waiting to see if ITIL take over the mine for the last 7 months, I'd keep my million squid in my own back pocket
And maybe TONY is waiting to see ITIL started in new year and he and board can move on to other things that I’ll make this share bubble.
Either way, unless Tony is happy with just getting thrown a bad of K’s frosted flakes, does it matter?
Diversifying will help our overall standing, but if the lights go out before we’ve diversified we are, to use a similar term, toast.
Still holding. And far too much invested to ignore.
But if…
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Tony’s money was announced on the 5th May 2021, some 7 months ago and still nothing confirmed.
My own opinion is that Tony’s money is being spent on company business and not acquisition targets. Does it really take over 7 months to identify an acquisition target and make an announcement?
I am I have a good feeling for this stock next year.
I always follow the money so Rab and Tony will change this around for us probably a new direction .
Patience and there has been plenty of that will be rewarded I think .
Thing to remember is that when something happens there's not a lot of loose stock to hold it back.
!
Either way will do
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Nothing to say here until the next update on production, contracts and ILTL.
President Samia is pushing trade deals etc with electrification being a priority, we need to know the outcome of the meetings with EDL.
My holding here is enough for the time being, my efforts are with FDBK which I have followed for a number of years, a stake build there will now be well timed and rewarded, their progress in the NHS here and India alone will be serious money that's not being missed by their investors.
Sorry, been watching some paint dry....
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Not me this time, keeping powder dry currently until back at 22p
Is that you again?!!
New buyer on the prowl Edl moving on into ..????
You’re better off selling EDL and buying Ben , now that’s what I call a coal company who don’t disappoint! on any level !