The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It’s dollars. Finger trouble on my behalf. But when we state the sum of £45k (no dollar sign on my phone:- don’t know why) that’s only for the loan repayment. We have salary’s, repair costs and what ever else we need to pay for. AND yes. I have looked at costs of excavators. I’d buy one second hand. £30k max. https://www.google.co.uk/search?q=excavator+for+sale&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
The loan is offset against the mine is it not? If I were lending a relatively small amount of cash against a mine with 170 million tonnes of coal would I be bothered if It was paid back? Do the maths. Would you not lend it? I would.
For an excavator a loader and a bit of outdoor lighting??? You could see this coming if you were looking down from outer space. Now with salary’s, ongoing costs and the £45k a month repayment... How many tons do we have to produce to break even?? Hope you have done your maths Rufus and not pinned your hopes on an excavator and loader bailing you out. You need tonnages and ££ numbers to get out of this!! Something that hasn’t been produced in descent quantity as of yet to stimulate the sp.
End until EDL say they are producing all the coal for the given contracts. Numbers and profit needed for the market to show they are making profit. Otherwise another placing is on the horizon in my opinion.
Descent postings on here this morning. One from John Z. A 100 percent rise is coming...... actually had a great laugh with my croissants this morning. Thanks John. The other is sausage and a second crusher. It’s going to probably be the only way to cope to get to the 8k a month. Even then it may not happen at 266 tonnes a day. As they have been no way producing half of that. If they say they are producing it then the sp will rise. Until then sorry folks. Cash burn means placing. Another contract yes. But no proof yet that they can maintain the output. That’s why the sp is stagnant.
More ridiculous numbers floated around again by the same people. It was a good RNS but they have to get it out of the ground. Until that happens.... be cautious. That’s 266 tonnes of coal per day in a 30 day month.
What you say Larry. The masses will appear say your completely wrong..... be given Sarcy comments when you try to help them.... and then oh yes. We’re digging up masses of coal with a linear style equation. I have simply no words. In the mean time were on our way down to the mid twenties!!
I don’t think doubling is as simple as that Octupus:) even with the Lamela screen they are installing by end of Sept. I hope your right and get a good target. If they can say they are producing 10k a month (as they stated by end of year) but say they are storing the coal then winner. They have logistic issues. Until they are saying they are stockpiling Im afraid they are not mining enough.
From April to June. 5500 tonnes produced. Only 2500 were sold. The July to Sept figured were better. 6200 produced 5000 was sold. If they said 15k tonnes produced and 5k sold I would then believe there was a transport issue and not a producing one. I think selling 80 percent of your product is not a transport issue.
Is saying I’m another “Sumba” and I don’t read RNS’s And I’m not invested in EDL not Catty? Please .... Not even going to rise to it.
It’s comments like doubling the output and doubling again that frustrates me. Sorry Octopus. That is NOT going to happen over the next few months. How are comments like that John well researched...
Told you yesterday it would probably drop back. Just want to stop some of the nonsense that gets said and newbies get caught out. If they listen to some of you from yesterday they would be 10 percent down now.
Ridiculous non sensical post John. My facts are correct. Not personal to anyone nor any share....
The shipments. Are we not supposed to be shipping 6000 tonnes a month? Therefor from 1 jul to 17 Sep that should be 15000 tonnes and only achieved 5000. Someone correct me if I’m wrong. Therefore we can’t mine enough product?
Well that was predictable!!
Who is back tracking?? Not me. Just saying as it is!! £4K is nothing. May have gone up 10 percent today but see if it holds tomorrow??
That it is cash positive. That is what EDL was working towards. However £4K could turn cash negative overnight. It’s a few tyres on the digger!! That’s how close it is.
That it is cash positive. That is what EDL was working towards. However £4K could turn cash negative overnight. It’s a few tyres on the digger!! That’s how close it is.
£4K profit. Laughs out loud. At least it’s a start.
Has been limited. This is aim. I agree if you don’t communicate to the market the sp will fall. Although it’s the first time in a while I have seen the sp hold recently. Maybe the tide is turning here and sentiment is returning? After all we have been promised good news over the next few months and with the recent contract I can only see the sp rise with news. We just need communication that we are producing the mined coal required. The new equipment is in place. And a several new contracts would see us re-rate for sure. Not much then. Positive news from Sinohydro would definitely be a plus. The PR team need to get motivated. Come on guys.