Member Info for esquimo

So next week for the expected update.
Looking at the CV's of the current board/management and the search for better quality seams that will increase productivity over a longer period, would suggest that the 4k tonnes is just the starter( if they can achieve it).
They are going to need bigger investment in plant, so a fund raise next year will no doubt be on the cards, the Q is at what price,, hopefully at a much higher price than we have now.

If, (there it is again) there's anything good to release there will be no doubt that the markets will be informed post haste.
As yet the trades of single/double digits do not give any indication of imminent news!

As always with EDL, "If only " seems to be a permanent attachment to their news releases!
If as per their last RNS, they are running at the targeted volume with a consistency that encourages more interest in contracts and increased production, then that will be released to the market at the first opportunity regardless of the date, if on the other hand they wait untill the second week of Dec. I would assume things have not gone to plan.
Edl never release bad news unless forced to.

A year ago they were in talks with the TZgov . re cpp, not a mention until NL's talk in the podcast.

Up to now they've failed to. be a reliable provider to a 1k tonne pm. customer.
Another 2 days we will be in Dec. so not long before if progress of any form has taken place.
Still no hint, judging by the trades that production is going in the right direction with advancement to contracts.

As a more recent investor here I see that this share has suffered the same fate as of a lot of AIM shares, that is lack of news means a nibbling away at the SP.
Having followed FDBK for a good number of years I think the next news release will correct the drop. There's a lot going on with this company, with excellent prospects for the future.

EDL's website is still claiming production at a level they haven't achieved since mining commenced, in fact the website is so out of date it is misleading to say the least to newbies.
The only consistency they've managed so far is failure in production, even with the recent upgrades .
In another week we may find that situation has been rectified. We need to something to support this SP.

3.14, further to that a new seam has been identified which could provide coal for several years.
Kibo's RNS plus NL's podcast would suggest that CFPP's are not dead due to new technology to reduce emissions.

3.14, that is the obvious Q, ???? Answer.

I see KIBO, has revived it's MCPP.
We have a engineer searching for more sustainable and better quality coal seams.
Samia didn't go to China on a holiday!

Too many ifs, let's see if they are able to put them to bed.

Given the ongoing issues with plant maintenance, I wonder how long it will take to convince any customer that EDL is a reliable coal producer which will lead to a contract.
If, as has been said, the demand is there and the next two months are needed to stock pile to secure supply during the wet season, they really are going to need a little miracle judging by the current efforts.
If they can manage sustained production it needs no imagination to see where the SP will go.

This share having consolidated more than once has made it easier to pull the share up on your screens having removed several zeros after the decimal point as we hit new lows.

GW, with the current production they are going to struggle , it would seem that a fund raise if not inevitable is looking highly likely.

I know it's early days but a figure of 6k tonnes was given some time back as a break even target (that may have changed since) .The figures just produced are a long way off that in fact they are struggling to reach 4k tonnes, to get over 6k tonnes would seem to be a high hurdle to get over judging by the production struggles they are experiencing. How can it be expected for the market to react differently to today's trades.
As much as I want the current managers to succeed it seems as in the past they need considerably more investment in reliable equipment.
If the demand really is there that should not be a problem.
Another 6/7 months to the end of the wet season to find out if they can actually be a reliable profitable coal producer. What's another year???

Just idling on the SP.
If the SP was about the same or higher with zero income, the current prospects of income potentially increasing would make this SP, cheap.

It's not exactly what we were hoping for after NLs podcast.
A customer identified, which is different to the several inquiries per day for coal in excess of 6k tonnes pm.

We now have a value for the fines, which is a positive.
I'm not so sure about the increased production if they can't guarantee the reliability of the existing machinery under more intensive usage. Without reliability, offtake agreements will be difficult.

Well we are at least selling coal, not long to know how the market takes that bit of news.

Traditional end to the period of silence!

Electricity is part of the infrastructure agreement, implementation/generation is at this moment in time not known.
Samia has tied herself into a financial aid agreement as part of China's belt and road initiative how that works out remains to be seen. She is no fool and is forging relationships with several country leaders which is the opposite to Magufuli.