Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Https://investingstrategy.co.uk/financial-news/edenville-energy-shares-another-brewing-opportunity/
New name/team and so fingers crossed a new start.
Good to have knowledgeable posters on this board to keep the balance.
I’m expecting a period of positivity to follow through.
The best thing to have on these boards is people who have knowledge of the company....
It’s always good to have a few stale bulls on the board.
They’ll be bought out eventually
Just for balance, we raised £2.05m in May 2021 in a strategic placing with Tony Buckingham, RAB Capital, Pitchcroft, Brandon Hill and John Story.....
It's all about delivery, as we've delivered the square root of naff all since we started washed coal production in October 2017.
£1.5 million words from those backers who are not in it to flip.
Words are easy, the difficult bit has been producing saleable coal, and until we get May's production figures that remains the case
Looks interesting with two new African specialist investors and a new respected BoD.
Future looks much better now imo and I think it should continue a recovery with the price.
You ain’t getting 5p rich you little tinker
Decent team behind this but I fancy it closer to 5p than 8p
Edenville Energy, an Africa-based mining company, saw its shares jump 45.5% to 8.06p after securing almost £1.5 million in funding from two strategic investors, and subsequently announced its rebranding as Shuka Resources
https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-3rd-june-2023/
Yoser - only time will tell.
No-one ever said this was going to be a sprint when we paid £7m for Edenville back in March 2010. God only knows what we have spent since then!
We've had lots of empty promises and fed hopes of dreams over the years.
Perhaps this one will actually come to fruition.
GLA
Do you lot think we have turned the corner i hope so ive been here like 13 years lol
Here is the link for the chart analysis - suggests 16p is a reasonable near term target, one suspects the new team have aspirations well beyond that target price however.
https://twitter.com/Share_Talk/status/1664583912306413569?s=20
Exciting times.
25p warrants shows where this is now headed
Edenville's future is not in coal.
Shuka Resources Plc
@Shukaresources_
New African-focused Copper, Lead, and Zinc miner and developer.
Can see this turning into a cash shell and them buying one or two small African copper, lead and/or zinc miners
Hopefully gets filled next few days
Might be worth putting the link on the edl telegram link so people can move across
Jason Brewer
@JB_MiningAfrica
·
22h
If you’re interested in following
@Shukaresources_
there is also a Telegram Group recently set up.
May be worth joining with plenty of news expected in the coming weeks.
This is the new twitter page no mention of coal ?
Shuka Resources Plc
@Shukaresources_
New African-focused Copper, Lead, and Zinc miner and developer.
Maybe they have a new direction for the company with things in the pipeline
Panman - if, and I mean if, we can get to an average c5000t of coal sold each month, we should be in operational profit.
There are a few of us still left on the board that have been here for an eternity and therefore we have a lot of invested (gambled...?) knowledge of Edenville.
The greatest challenge we have faced here since we started washed coal production in October 2017 has been economies of scale. I would take a read of our RNSs since October 2017 - notably the ones around operations (eg Operational Update in the title) and also our Interim and Annual results. Our 2022 annual results are due over the next four weeks, but they wont be pretty.
We also have the small issue of a long rainy season in Rukwa. Its direct impact on our open cast mining varies year to year but it means that during the long dry season, we probably need to be averaging upwards of 8,000t as a commercial resilience measure.
It doesn't actually matter who comes into our Board, how much money they have or what success they have had in the past, if the issues that have affected our coal operations for approaching 6 years cannot be overcome, it's never going to work.
Back in May 21 they did a placing with existing significant shareholder raising £2.475m @ 25p. There were also warrants at 25p that expire in 3 years (May 24). So 25p is likely where this is heading over the next 11 months. Just need to get the coal out.
Thats how I read it saus
SUKS.
"Conditional upon shareholder approval at the GM, QGC and GMI will also each receive warrants allowing them to subscribe for, in total, 5,451,691 new ordinary shares in the Company at an exercise price of 25 pence each, exercisable until 25 May 2024 (“Fundraise Warrants”)"
So they think this is going to be more than 25p in a years time.