Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
How can you have two price extensions when there hasn’t even been a trade ! Maybe the mm are going to drop this pile of crud very soon !
Just re-read the31/1/18, the expected sales and production and optimism shown then, although misplaced, exceeded the current expectations.
The 3600tonnes pm, is still reliant in a single excavator not breaking down there's no mention of plans to replace the excavator to continue production??
Referring back to the 31/1/18 update, UPENDO, was supposed to be mining Namwele in March 18 after clearing the overburden, the only other mention of UPENDO was the court case for lack of payment by EDL, as far as I'm aware there's been no mention again.
EDL'S shoestring budget and inability to pay their way in the past, would not encourage people to hire them heavy plant for the mining operations.
In the latest update AM didn't exactly display massive confidence in hitting the 3600 tonne, which depended on a single excavator not breaking down.
If ILTL are still interested we need them onsite.
Good to see another buyer
still not many on offer this could move very quickly with the right bit of news
It was down 2% but is neutral now
what ? stock is unchanged
?
.
Esquimo like you I have enough but could not resist a few more as I feel that at some stage the opportunity wont be there anymore (I hope)
Bullish, agreed, RAB is a big positive, my last 4 top ups have been around the 23p mark.
Waited yesterday to see how far they would drop it, I have enough so not bothered.
I bought more yesterday on the basis of what I previously said the smart money as in Rab Cap and Tony putting money in the company at 25p was not done to lose money .
we shall see
Not disappointed, surprised yes, but never disappointed.
Edenville have told us so many times they may potentially get orders or potentially hit a stated output figure, but haven't quite made it. I'm surprised anyone has faith in what they say, as I said yesterday they publish something today that later on just gets forgotten about.
you almost sound disappointed it was up for a change
Absolutely, it was up 7% yesterday on news that the digger had broken.
not a lot on offer which is one good thing still wouldnt take a lot for this to have a proper move
.
Got to more than one to do all this work and have the best coal output to date.
As follows
November's production would have been significantly higher had it not been for extended mechanical issues with the main excavator, which was unable to be used for mining for 15 days whilst initial repairs were made and it was subsequently used for the installation of culverts, and the clearing of drainage channels, to prepare the site for the wet season. These operations have been completed and the excavator has recommenced full mining operations. Assuming the excavator is operational throughout December 2021 the Company believes it should be able to improve substantially on November's ROM coal production figures.
You literally have to read Edenville's RNSs so carefully
November's production would have been significantly higher had it not been for extended mechanical issues with the main excavator, which was unable to be used for mining for 15 days whilst initial repairs were made and it was subsequently used for the installation of culverts, and the clearing of drainage channels, to prepare the site for the wet season. These operations have been completed and the excavator has recommenced full mining operations. Assuming the excavator is operational throughout December 2021 the Company believes it should be able to improve substantially on November's ROM coal production figures.
Ok so read carefully main excavator out of action so we still have 2.
Initial repairs made so I take that not fixed properly but working.
Then assuming excavator is working in December we should do better.
Great excuses already in play ready
The trouble is, what was in a RNS as truth when stated, may not be still the truth now but Edenville haven't informed us of the change.
I'm thinking here of Sinohydro, who were in RNSs and even extended the agreement but then just disappeared and never mentioned again.
So we may have had a second excavator when stated, but that doesn't mean we have a second one now.
I vaguely recollect posts from Diggerman saying they only had one excavator.
I've interpreted today's RNS that they only have one - "the excavator"
"November 2021 was both positive and frustrating. On the one hand ROM production continued to improve, but sadly operations were hampered by the excavator being offline for half of the month"
If we have so much clarity on orders from clients, why are we not hiring in additional plant? That makes no sense to me.
Let's see if and where the price drops to during December
So what was the not main excavator going in November???? Clearing waste, rather than loading the washer crusher with the ROM from October??????
but in the rns they did say main digger was out of action.
we did have two or is this not the case now?
https://www.lse.co.uk/rns/EDL/project-update-77z3nfy5q6vzo07.html
I`m amazed that we only have 1 digger and when it breaks down, it takes 2 weeks to fix it, surely this whole farce now seems to get better and better. I know Panto season is rapidly approaching but you really couldn`t make this up.