Positive Revenue Stream..7 Jul 2019 14:30
AIM fund raising is a prerequisite prior to a positive revenue stream, which I'm sure everyone invested understands. Any AIM company will eventually fail if it is not able to continue to raise funds before it achieves a positive revenue stream. There is a point where if there is nothing on the horizon, and if a company has exhausted it's ability OR it is stopped from raising funds, that it could fail...
That is CLEARLY NOT the case here !!
Edenville Energy have a Fully Licenced, Revenue Producing Coal Mine with Contracts and in EXCESS of 173mt of Coal, and to the best of my knowledge the Company are UNIQUE in that respect as a foreign Coal Miner in Tanzania.
Investment-wise, for those long term holders (at least since the 2014 levels) it's been pretty much a downhill rollercoaster with few highs.
From a Company point-of-view it clearly hasn't been as straight forward an operation as they would have hoped in an isolated hostile environment NOT helped by the indecisive Bureaucratic Tanzanian Government and Tanseco with regards to the RCPP.
Currently looking around (at Kibo in particular) our nearest, and possibly only comparison)) we are in the somewhat enviable position of achieving revenue, even though not yet positive.
For those that believe what we are being told positive revenue is estimated by the Company to be within months.
The biggest problem (as I see it) other than the movement of the goal posts, is it is all taking VERY much longer than anyone ever expected.
Light at the end of the tunnel?... Personally I think the latest RNS is very much more Encouraging than it has been given credit for by some posters on this board, and hopefully that outlined in the RNS will come to fruition in the not too distant future !!
All imo pdyor
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