The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Jay Kay. Yes it’s half a mile away.
Of really good info on this board. I really don’t know much about Hooking up and foil etc. There’s a tanker on vessel finder parked next to her. Does this actually mean anything or is it coincidence?
I wouldn't add the 32k. Those are fines. NOT sellable coal as per the contracts. Therefore the 15k is more accurate in my view as that is what is being sold. An absolute disgrace to the shareholders. £750k loans for what? 1.2k a month sellable coal. Rufus please resign. No communications at current productions, No shareholder value, No idea. I reckon your salaries alone wouldn't cover the sellable coal.
Earth is going on. Only 15k tonnes in a year. Am I missing something like a nought at the end? That's only 1.2k a month. That is what the market has seen. Company is in chaos. If the maths are correct just stop mining Rufus and hope you get the tender. That will be EDLs only saving grace.
Sorry for the English, stood up and being bounced around on a train.
If only £2 million pounds now. What’s the company going to be worth If you pay the loans in shares Rufus? The company is now on a shoe string. Stop paying yourself a salary NOW until things are turned around. ( That is not going to happen as he won’t even buy any shares in his own company).To be honest a suspension may well be in the shareholders. I know it’s not what people want to hear but it would buy the mining project some time with an ever decreasing sp.
Nice upward trend from here on in with hook up, Foil and the drilling to start in Feb. Hopefully the Brexit vote won’t inpact the sp to much. Fingers crossed.
If you don’t vote for a share issue then where does the money come from? They will dip into the 750k but that wont last long. Then what?
If you think the BOD are going to give up there shares to pay the bills your in cuckoo land. That is NOT going to happen.
I say 45k loan. That’s obviously 45k a month for nearly 1 and a half years!!
A post that makes sense.
Makes perfect sense to me. I’ll say it slowly. NO NUMBERS. I’m not frustrated. This share had potential but then after a few RNS’s the maths didn’t make sense. I sold out mid 50’s. Thankfully I did as I don’t get attached to shares as that will lose you money. I said it to everyone back then. So 750k for what. Lighting and an excavator. (A posh word for a large digger). Lamela screen now active. So what? What’s the numbers? How is the 45k loan going to get paid back? Most probably a share issue in my view. You need numbers. Not ramping or deramping as most idiots say. Just saying what I see and investing in shares that make money!! So what’s happened to the share price as you state it’s a positive RNS. It’s declined..... Why?? I’ll say it slowly again. The can see NO NUMBERS.
No numbers. I can state I’ve started the richest gold mine ever but if I have no numbers I may have been digging in the wrong place. Numbers mean everything. Sounds positive but without numbers .... same old same old.
Trying to be the grim reaper just stating the facts. If I had won the £115 mill this week though I sure would buy the whole mine at this mcp. It is so low compared to the value of the asset but the market can only see the company needs cash flow. The mcp is dessimated for further placings. Can we afford to pay the loan back? Think not in my opinion with my calculations. Maybe paid by company shares?? Further dilution in my view.
Do the maths in two and a half months they produced 6.2k of washed coal from mining 21k. In one month therefore they produced 2.5k tons of quality coal. To increase that to 10 tons of sales per month that’s a ramp up of 400 percent. Granted there’s the fines also but there cheap. I would be extremely surprised to see them make the quota.
Is an absolute disgrace compared to the asset EDL own. However if you can’t get it mined and processed then it’s useless in the ground. As someone said earlier. You could have a contract for 50000 a month but if you can’t produce it then it’s pointless. (And maybe in breach). If they start issuing shares to pay loans then it’s only a downward spiral in my view. You could well get these cheaper when/if they start issuing shares.
We need proof it is being paid back. Not only to give the shareholders piece of mind but to boost the ever declining sp. This could be over quicker than a dog eating a ham sandwich if EDL default.
We need proof it is being paid back. Not only to give the shareholders piece of mind but to boost the ever declining sp. This could be over quicker than a dog eating a ham sandwich if EDL default.
Sometimes I have to give up. :) :) :) :)
I believe Norrab is stating there increasing production because they have the contracts. Otherwise there’s no point increasing capacity if they can’t sell the stuff. Fair point.