Member Info for esquimo

I see mama Sam has patched up relationships with China after Magafulis debacle which ended the.power generation from Rukwa.
It will be interesting to see how that develops re infrastructure and power generation.

Well the first trading week of November is almost over and nothing positive to release to the market.
For want of repeating myself trades pre news release is always an indicator. So no offtake agreements signed as yet.
The obvious Q is , is the output as reliable as originally claimed,?

The answer to when? is when needs be.
What Bullish was saying, I assume, that we will not need to raise funds to keep the lights on but expansion is a different matter.
It's the current status we need news on.
Any offtake agreements would need to be released to the markets, so we can only assume that at this moment in time nothing has been agreed0

SoS, the answer to your Q, when will the next fund raise be?
I disagree with Bullish, I think the answer is obvious,
The next fund raise will be for expansion to increase coal production due to the increasing demand, which will be greater than it is at this moment in time. They have a huge resource and it won't be wasted.

SoS, I'm just passing one re your 13.01 post yesterday, with recommends from 2 like minded people.
Production did not start until the 1st week of Oct. at a rate of 4k tonnes pm, how could they produce that quantity in less than 2weeks. The RNS was quite clear so why are you harping on about 4k tonnes not being achieved by the middle of Oct. The reason for the delay was also explained
the sorry state of the plant etc.

The more you listen to the podcast the more promising it looks and tomorrow could see the update posted, unless they wait for 4 weeks of production which would take us into next week?

In the August RNS, the expected production would be 4k tonnes minimum increasing to 6k tonnes minimum after 2 months, reliant on the the plant working at capacity . That has not been the case due to the sorry state, poor maintenance of the plant . Production did not begin until Oct. Hence the delay. Having said that the repairs and upgrades have now been completed, which, is the reason for NLs confidence but cautious approach to production figures. As I have said we will know once the RNS is published whenever that is.
50k buy, someone likes it!

SoS, agreed, the difference now is we have a more honest, professional and capable management, who, on the face of it have the ruthlessness to clear the dross and run a business, something that EDL has failed to do in the past.
As you say we do need those figures. If NL is prepared to talk figures at the end of Oct. (as he stated in his podcast) he must be pretty confident, of course until we get that all important RNS we can only speculate.

Solid production,
Reliable volume,
Offtake agreements signed,
Improved at gate value = re-rate .
All of which we should know about with the next RNS which is due anytime now.

If the demand is there and the machines can cope with the extra load I have no doubt that the shifts will increase.
I don't think there was any production until the plant was fully repaired.
Judging by the podcast I did get the impression that there would be a steady increase in production by plant
improvements but extra shifts would be e needed to cope with increasing demand.
I am expecting the next RNS to be upbeat, although I did expect the trades to be increasing by now with that in mind, although in the past silence has always been the harbinger of bad news. Whatever the case we shall know in the next few days but apart from the silence and lack of market participation, which I put down to EDL's historical failures, I see no reason for a downbeat RNS.

In August the production target was 6k pm by mid October.
Due to the sorry state of the site and equipment production did not start until Oct.
Our CEO said in his podcast that he would be happy to talk about production rates at the end of the month (Oct).
If coal is flying out of the gate there's no sign that the market knows judging by the trades, or I should say lack of.
I would have thought such info would have leaked out somewhere down the line?

Well it now looks like the update will be next week.
I'm hoping that they are better prepared for the wet season than previous teams as the rains are due to start with heavy rains forecast in two weeks and we know the problems that causes and there's Kenya with no water and the stench of dead animals filling the air.

It just goes to show the effect they have on the market.
The recent news states that we have,
Customers lining up,
Coal going out of the gate with increasing value.
Cash flow positive shortly,
Nobody believes it judging by the trades.
Until the market gets concrete proof with figures it would seem that will continue.
Not long now before will know if we have been fed the historical brown stuff.
My money is on the new managements approach .GL.all

12 months ago discussions were held with the TZ gov. re using Rukwa coal for power generation, no further mention until the recent podcast. With updates due at the end of this month on production, pricing and take off agreements, I wonder if there will be any further mention of coal for energy, after all that was the purpose of the Rukwa project.
Whatever is in the news expected there should be a positive effect in the SP, here's hoping.

It's anyone's guess what the SP will be at this months end but with the international coal price and TZ exporting coal, the competition for Rukwa coal will increase once it is proven to be a reliable source. An increase in the number of shifts worked would be a fairly straightforward means of increasing production. We shall see what happens in the coming weeks, at least we now have something positive on to look forward to.

I have followed FDBK for 10 yrs plus but only a recent holder, they are a relatively small concern breaking into what promises to be a multi million pound market, at some point they will need to raise cash for expansion with new partners, the new share price will make that easier and more attractive to investors, personally I consider the consolidation a wise move. The next news releases and the markets reaction will be the litmus test.

From the podcast the anticipation of a positive update/s it would seem to be a general trend for the SP to tick up towards the month end with the usual fluctuations due to trading. how far that goes we shall see.

It goes to show what a shambles it has been!
Can anyone after that podcast see this SP staying this low, updates on production supply agreements and directors waiting to buy in. Oh and the mention of coal being supplied for energy!

excellent podcast, more information than we have ever been given in the past.

I partly agree with what you have said, going back to 2018 series of misleading news releases but I can't remember anytime that they released RNS stating that they were producing anything like 4k tonnes of washed coal actually going out of the gate which they are doing now.
I can accept that time will tell if all is going well but the approach of the new management is possibly the most positive thing to happen at EDL.