Member Info for aerial

I would add that having an idea of at least some of those (wholly underwater) in the list)) positions, a take-over of any description would have to be quite substantial, which would be very nice, but I won’t be holding my breath.

Institutions account for 81.01% of EDL’s outstanding shares. The general public holds a substantial 17.11% stake in EDL.

Not my words, and I’m not sure how substantial 17.11% would be in a hostile takeovers, but I gather even an acquisition of more than 20 percent of any company's shares must be approved by the shareholders, so they’d have to get past the list below first.

Major Holders:

Neal Griffith (Brandon Hill Group)
Oliver Stansfield (Brandon Hill Group)
Alexander Fullard (Pitchcroft Capital Limited)
William Orgee (Pitchcroft Capital Limited)
David Thomas (Pitchcroft Capital Limited)
Brian McMaster
John Story
Jeff Malaihollo
Rufus Short
InterTrader Limited
Spreadex

and undoubtedly some others.

Ha norrab thinks we are never going to break-even, clearly not up to speed lol

BigEye
“talking your usual sh--e nobi !” Never a truer word pmsl

We need something, just a crumb!

Hmmm

-13.64%....

I have no idea, but I know what I’d like it to be, should it ever happen. Being ripe for a takeover has been the case for years. If anybody wanted this company they should have perhaps made strides when the mCap was £275,000. Currently there is to much in Edenville’s favour, and I would hope they will exploit their position to the utmost.

are down yet again.

Clearly not the leading company in shareholder communications !!

Edenville’s have worked very hard for ten years, and are believed to be unique in Tanzania being an independent foreign miner with an in-profit fully licensed coal mine and a proven 173mt of coal. It has taken 10’s of millions of pounds to get to this point, so the short answer imo is no not even close, everything considered. (the $455m Interconnector, export contacts, African power pool, local power AND the coal!,..etc etc)..

We know the company said they would consider an offer when discussed at an AGM in around 2014, but they said they’d had no offers, but much has change in those years.

I’m not sure hostile takeovers happen often at this level (but I don’t really know). I’d guess if anybody with deep enough pockets wanted to accumulate enough shares anything is possible, but far easier and quicker to make a sensible realistic offer you’d think..

aimhopdyor

Mininginvestor1
An interesting first post. I’m not really sure what you mean when you say: “The issue would be acceptance by long term holders” ?..

robbdabank
There are numerous reasons, but no one really knows why mms do what they do with any certainty.

aimhopdyor

mms have only reduced the L2 Offer from 0.25 to 0.24

Odd imho

5p? I can’t remember exactly, but 4.20p was a long time low. I think we paid more like 7p,8p back in the day. Interesting that in all these years LC’s tone has never changed. Hopefully we all live and learn, and no matter what age now many of us are circa 10 years older. You can’t change the past, and to a degree there is no point in harping on about it, but it shouldn’t be forgotten that LC has never achieved a timeline and never ever earn a penny in income since the inception. We are where we are and at some stage something has to give. Personally I (as always) am positive about the future.

Looking to add, missed an opportunity Wednesday and Thursday...

aimhopdyor

Teaye72
An astute observation!

....

A very difficult statement to dodge imho

...

Everything considered I don’t think it’s bad at all. Not much wiggle room as “a few weeks” is a difficult statement to dodge. Let’s hope LC is genuinely confident about that statement.

by the time I’d logged in to ii its was back up, SO for the second day the mms have been actively shaking the tree! Hmmm?