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.
I've sent WhatsApp message
Pi DM him on Twitter
Is he likely to reply? I've messaged him
ii confirmed a data issue with their supplier. Would be good if these companies actually posted material technical issues so we didn't have to second guess...
T check you twitter.
Anyone else having issues with ii pricing - main site and also L2 Quotestream?
T
He's not well; needs our thoughts and support if anything.
T
Just to confirm, I'm NOT being held hostage by aerial.
Sounds like a classic case of Stockholm Syndrome
Does seem strange that aerial was here for ages reporting on the price of coal and giving us a running report on the %age increase on the Bid, but then just disappears.
Nope
Are you missing him?
Are we expecting aerial back this week?
Update required indeed. They know the following but don't / won't / can't tell us for some reason.
1) Output figures - they do know what they produced in August, if they don't then how are they going to identify when 3,000 tonnes are produced and thus talks about handover can start with ITIL
2) Talks about the CFPP, either taken place? or date of future meeting? "discussions with the Tanzanian Government on power station supply options planned for September 2021"
3) Contracts? "Efforts have focused on short term contract opportunities"
4) Has shipping of coal started? "with deliveries commencing at that level in September 2021" They must know the date of when it will restart if it hasn't restarted?
5) Revenue from sales?
A third of the way through September , and still silence, I just don't get it.
The delay seems to be a COVID concession that many AIM companies are taking... whether the wait adds any value / benefit to the results is dubious.
What we need is an update. We are well into September now so those talks should be underway, or imminent...
GLA
T
.......as Edenville have the option of extending the interims by 1-month I am fully expecting them to issue the next RNS stating the interims will be delayed by up to a month. My view is that if they can delay it they will.
....and the interest fades
Always something that maybe then a placing and it never materialises.
Agreed - we are a coal miner who cannot break even or realise profits because we cannot get the economies of scale from our mining.
It has always been the issue and there is nothing, yet, that suggests it can change. Perhaps ILTL have seen that.
Frustrating times, still.
Absolutely GW, it's noise, it's jam, until delivered.
I've always said we need another washer crusher, which will take the best part of a year to buy, shift and get working , including a whole load of tinkering and 12 months of salary to the BoD.
There is no way you can keep a coal fired power plant going by producing less than 3,000 tonnes a month. So when Edenville chat to the authorities about supplying a CFPP and they ask "can you reliably supply us with all the coal we need to keep the lights on?" I wonder what the reply will be??
You are right, we have spent millions to get us where? Producing less than 2,000 tonnes a month of coal, talk of contracts and possibly supplying a CFPP sometime around 2026.
The BoD need to act now or this is going to turn even more into, what is my opinion, is fast becoming a farce.
Sausage - it's just talk until anything concrete is anounced. And, yes, it's been talk since October 2017.
It's the same as the CFPP. The whole business model was set up around RCPP back in 2013 when the Scoping Study results were released. The Government then pulled the plug, then it was we'll make a success just as a coal miner, which we've failed at and now we're talking about a CFPP again.
That's one great big circle.
I also need to dig out the very rough calculation of how much coal a power plant needs - it is huge amounts, upwards of a thousand tonnes a day for a smallish plant if I recollect. Therein lies another challenge.
Since we started washed coal production 4 years ago we have lost money hand over fist - millions - all funded through dilution. Not that the BoD have missed out.....
The August RNS was yet another hopeful news release. Until we get some proper actualised figures on sales, revenue and profit, it's all still conjecture. I suspect those figures won't come to fruition until our Annual Results (summer 2022....), but I live in hope.
page not found
With the heavy suggestions of contracts and output since 2017, I'd hate to put a year on it to be honest. The handover is a year late, and then months after announcing they want to handover they announce the 3,000 tonnes a month criteria, over an unspecified time period, before talks start on the handover. I imagine at some point when the pressure from investors increases they will then tell us the time period over which 3,000 tonnes has to be produced consistently, I'll take a guess and say 3 months. This will give them 3 months wriggle room, salaries and the rainy session.
I wish I could be positive but nothing that is coming out of Edenville is entirely positive, each of the three bullet point had a negative through in for luck.
https://www.bbc.co.uk/news/business-5846923
XR block gas exploration….
We run out of affordable gas…
Coal power stations restarted..
Planning applications continue for coal
I assume you mean October 2021.....