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5th May 2021
"Proposed strategic investment by Anthony (Tony) Buckingham of £1.00M as part of a £2.48M (before expenses) Placing, which includes participation from the Company's substantial shareholders"
So if Tony Buckingham's £1m is in a separate bank account, that left £1.48m. So correct me if I'm wrong, but the monthly burn rate is £100k, from the accounts, is that correct?
So February, 10 months after the placing Edenville will have burned through £1m including salaries for the BoD. We know we are not getting a lot into Edenville as revenue, again look at the accounts and the output figures. So for me Edenville have around £0.5m in the bank, if they are keeping Tony's money separate.
So how long before we get diluted again?
Why the silence?
Why no progress RNS'd re acquisition
I thought Rufus Short was appalling at running the show, but Alistair and Co are, in my opinion, up there with Rufus. How difficult can it be to dig up coal, since we have access to millions of tonnes of the stuff, wash it and sell it in a nation that banned the import of coal? Then tell us about what's going on.
The silence and the BoD are beyond frustrating!!!!
Again, I have to assume that something is in the works that is bigger than reporting modest coal production (which presumably won't have reached our target monthly quota to engage ILTL).
Waiting to be amazed. Time is running out.
Well, it is now 2 months since the last update and not a scrap of evidence to support that statement, even the trading volume does not hint at any imminent news.
Increased production, increased sales book, increased enquiries ( unsolicited) where's the evidence?
Echoes of the in past unfortunately.
Its all guesswork
If it was bad news they would have to let the market know and against that the same the other way
can only assume that something is afoot and its a case of waiting to see which way we go no point in speculating
All I can say is that the market wont be getting any of my stock
BB agreed re selling stock and speculation, good news/bad news and notifiable news can be very different.
No increase in production I would now consider bad news but that could be included in any update.
Again I refer to 2018 series of news releases and the period of silence.
Having said that I will not be parting with any stock but also not adding at this moment in time, GL
It would seem output figures are NOT notifiable figure!!!. Up 1% on ten shares being bought, maybe we should expect 10 RNSs tomorrow - lol
No change in the bid though - that's the important figure.
No change on anything, let alone the Bid. Silence is the only constant at the moment
The old '1' trade - RNS tomorrow then for those that believe in codes!