Member Info for CrystalBallBroke

Agreed, we've been bouncing along on lows, and i will freely admit to hoping it did it once more last week/this week, as i have more funds and a limit buy set.... but it does look like i may have missed the bottom of the trough so to speak

Agreed, Time for him to go...... NOW

Over on the KIBO board there's been discussion of someone dumping shares, and the suggestion is that it's EDL's holding that's getting dumped, given our lack of cash flow, it would not surprise me, but at what loss ??

"Between 1 January 2019 and 26 March 2019, Edenville processed approximately 17,760 tonnes of ROM coal, producing approximately 3,116 tonnes of washed coal to customer's specifications and approximately 7,992 tonnes of fine coal."

So we're producing more fine coal than the presumably more profitable washed stuff.

Where's the other 6652 tonnes of material gone ??

"To date the Company has received no detailed explanation as to why Tanzania Electricity Supply Company ("Tanesco") did not move forward with the previously anticipated coal to power generation plans following the recent Request for Qualification (RFQ) submissions in October and December 2018."

Because looking at our own figures just released, we can't supply the quality nor volume required.

"Further corporate cost cutting measures have been undertaken and the Directors have not taken their salaries since December 2018, after only taking part of their salary entitlements in 2018."

Good, because on a performance scale, they've failed dismally, you hve a coal mine in a country with a coal import ban, and you can't even get your ducks in a row and turn a profit off that, i feel it's like watching the hoffmans on the tv show gold rush...... embarrassing
And to think i topped up at what i thought was a good level only to see it fall further taking more of my hard earned money with it :(

you may be right Grayling, i personally think the bottom is in sight, where exactly i'm not sure, but i've been wrong in the past (many times!)

The drop is certainly slowing for sure though

you may be right Grayling, i personally think the bottom is in sight, where exactly i'm not sure, but i've been wrong in the past (many times!)

The drop is certainly slowing for sure

ah, i looked at the percentage before and after, didn't flag the share volume

that's a healthy sized chunk.

I have a (much smaller) limit buy set, but at a sub 230 point, lets see what the next day or 2 brings

That was my initial trigger price to consider a top up, and i think, looking at how this is playing out, i will set a limit buy at the point i think will be near to the bottom of this trough

agreed, just makes my position even more hopeless

I have to admit, i had not considered the 1.7m from the tech contract as final, because they'd already deferred it once, sort of like the "i'll count it when it's in the coffers" so to speak

this mornings post was made at a time when i thought we were still over the 8.25 quoted, i was not in the red at open, but at that 8.25 would have been

i have bought 3 times, earliest was early may 2016, so perhaps not through the entire boat ownership, as originally, the idea behind it and the reasoning seemed to make sense, i classed the debacle timeline from when it was obviously a dead duck and should have been cut loose.

I don'y read the board as closely as some, i do remember something regarding timelines, and the post you quoted does look familiar, but lets face it, how many timeline/blown deadline discussions have we had here ? and it still doesn't avoid the nasty fact, that we will likely be needing operating funding shortly.

no offence taken

Looks like the little recovery has stalled at 102

I am now just in the red, i've held for a long time, and bought in at various price points.
I've held because, i saw the value and the possibilities, but, it has now become too hard to weed out the information and research, when it is 90% speculative, with no solid information being given.

I asked back in Dec, in relation to the "new contract"....

"what happens if all the contract problems aren't ironed out by March 2019 ? .... assuming the contract relates to the new terminal at Tehran ?"

the replies i got to that question were...

"Can we park that till the new year - I for one want to remain in my pink and fluffy state of denial hoping for something before year end .. thanks."

"Crystal,.... take a look at the revenue for the past 12 months..... and your ball will give you the answer."

and from yourself Etin...
"I believe there's an 8 week 'setting up' period between getting the go ahead on the contract and starting operations, so the expectation would seem to be that we'd exchange by the end of January. Assuming it's that airport and that that source is reliable."

yours being the only sensible response really, but, going by the logic you presented, surely we should have had some update/news by now, even taking into account their release stating no updates until signed and delivered, so surely as no news/updates, that calculated/speculative deadline has come and gone ..... thus my now renewed and strengthened concern, coupled with the SP now sliding below the previous resistance of 9p plus we must be running short of working capital by now.

As for not selling yet, i guess i'm not ready to give up on the pipe dream, should this recover in any shape or form, i'm at or as near as damn it at my avg, so any rise would be profit, which would allow me to cover losses elsewhere.
I've been here thorough the entire boat debacle, and as such have learned to be very skeptical of what they say, so i am not happy just burying my head in the sand and hoping it'll all be ok, been burned that way too many times

sorry, i wasn't very clear there, my reply was to chippyjo and his reference to the KDNC SP crash following a placement after a ramping RNS and pump and dump session.

As for the deal you referred to, which i think i mentioned in a different post previously, yeah, it's not in the companies best interests i don't think, it will feel like a weight dragging us further into the abyss.

If we were to focus on the important things, and getting one thing sorted/funded and on the right path before embarking on the next Foley we might finally start digging ourselves out of the cave we are currently in, but, i just do not see GR being even capable of understanding that, let alone delivering it, the BOD need to cut this fool loose

you are correct, most of my posts this morning have been negative, but all with good reason, albeit for different reasons.

This has been on a slide for a while, the company is not bringing in enough money to cover it's expenses, and they've quite clearly stated they are going to stop supplying what many consider is pertinent news, and to add to that, there is simply NO solid informational news coming from them, just constant vaguely written statements

"Bottomed?"

not a f'ing chance, now sub placing price and falling, and that's just today, give it a few days for the market to fully realise the con, and we'll be back where we were before the BS RNS potentially lower as trust and sentiment will be even lower and then no news or crap uninformative news will raise the angle of descent

yup, was complete BS, all done to allow those private placees a chance to sell into the rise before announcing the placing, market now issuing price monitoring extn after extn to try and put the brakes on the SP crash, which in itself is a con, because those extensions of the auction period should be used when there is no reason for a violent SP change.... this has every reason

"In summary, the Joint Liquidators do not currently believe there will be sufficient funds in the liquidation to make a return to shareholders."

What a surprise, can we now be told how cheaply they gave everything to the chinese ?

wonder what the 2 con-artists are upto now ?

are still playing the speculation game, with ZERO solid information coming from them again.

i'll be back in the red here very shortly, at which point i think i'll be out, this si never going to "come good" and personally i'm expecting another round of fund raising anytime now