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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."
I think the last thing EDL needs are suggestions for more 'filler' verbiage to add to their already bloated useless RNS releases
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.
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..........................
27th April
The Company is currently operating at up to 4,000 tonnes of coal per month and will used these funds to increase production rates in order to fulfil current and potential orders. The balance of the net Placing proceeds will be used for general working capital purposes.
10,000, 10,000, 10,000 oh no
I've never posted on Premium, so I guess someone cut and paste it there
Will Edenville ever see 10,000 tonnes of saleable coal produced per month?
sausage i pasted it there a few year ago to save it
Sausage - no pun intended but I've just seen a pig fly past....
GW - explain?
Well I stand by what I said then, suggestions of 10,000 tonnes, then when they place, the truth out at 4,000 tonnes
Sausage - you were talking about 10000tonnes per month...and I saw a pig fly past...and your name is Sausage...and there was no pun intended
We should be getting Edenville's production RNS in the new year. We shod also be told whether they delivered on this
Orders of 3,600 tonnes of coal for December 2021 delivery confirmed from two largest customers
Plus whether the initial repairs to main digger lasted or if it was out of action being fixed properly.
Still silence on ITIL, would be good to know they are still at the table.
Let's hope January 2022 brings us the new year cheer we've been missing for the last four years.....
Merry Xmas all