Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Why all the arguments over cash resource the company has already stated that they have sufficient resources to expand organically and to this end they have already started to use a modest amount for this expansion, it's all there in the RNS's.
Finally it looks like we will have an income from coal but more investment will be needed.
that must be the shortest AGM ever, talk about cut and dried.
They have an unambitious target of 5k tonnes by the end of Q3. to be achieved in 6/7weeks, we shall see if that has changed in the next RNS. Having said that the website still has production at 4k tonnes to be increased to 10k tonnes pm, that is 4yrs ago, give or take a month or two, as yet to be accomplished.
Different management extra personnel and machinery we shall see if they can at last justify their claims on their website.
The intention of the new board members is to import experienced personnel from other coal operations to expand production and sales to become cash flow positive.
ILTL said the same, let's hope that we will have more success and we get proof of that in the next few days.
All equipment plus extra excavator plus increased haulage, brought into service in June, so 2 months production or I should say hopefully, to satisfy existing orders.
Surely there will be an update prior to the AGM next week.
At the moment there's not even a whisper so almost zero trades, we shall see how the next few days progress.
Diggerman my mistake/assumption, I seem to recall that you claimed to be on one of EDL's photos.
Agreed we do need that update but it will come and the traders will make the most of it.
In the meantime it is an opportunity to average down.
I noticed Diggerman(an ex employee of EDL) thinks this will now be a going concern and to be fair to him his previous posts have been correct.
The talk of a fund raise cannot be ruled out but it will not be to keep the lights on it will be for expansion/acquisition.
The next 12 months will see a different EDL, as a long term holder the only thing I can say it's about time!
How far away is that, It's obvious to me that that the promised update is what the market is waiting for, It will impact the SP. The new board members seem to have focus and a business plan to work with.
Having said that the dry season is continuing and as at this moment in time has not been taken advantage of, Let's hope that the update is sooner rather than later.
If they follow that RNS with solid evidence of coal going out of the gate then 25p will be history.
The expectation will be well in excess of 25p before they are bought.
After the activation of all mining equipment at the beginning of June I did expect some update on coal production to ease the effect of the results just to say hey, we are back in business. With nothing on those lines it would be too easy to assume it's the same old EDL. The market wont react until we can confirm that coal is going out of the gate.
It's good to see the CFPP is still on the cards, it's the obvious solution to TZ's power shortage. Why should they hold back when China is still forging ahead with their CFPP's on such a huge scale, at least TZ's efforts will reduce the number of trees being cut down for charcoal.
4yrs for TZ to put power into the grid, they will have to get motoring.
We shall see what comes from the talks with TANESCO, if anything.
The 2nd half of 2021 was spent preparing the ground for coal extraction, expecting with their original plant to satisfy production of 3000 tonnes, never achieved. Nextgen failed to produce any coal hence the kicking off of the site. We now have another excavator clearing the overburden plus extra transport(when it arrives). All the plant on site has been activated as of June ?? 1st. but no mention of any coal going out of the gate. with everything in place there should be no excuse for not achieving accelerated coal production in excess of the 3000 tonne target they aimed for in the 4thQ 21.
Another tick up and sos still betting on 10p.
As for me after the expenditure of clearing the overburden I will be disappointed if they only achieve 5k tonnes by the end of September.
Zero trades as yet. Traders undecided how to profit from that news.
RNS, as expected, what we need now is how effective the the intended rapid increase production is, or, what is going out of the gate,
I have no doubt that the next update will have details of the current production and the forward expectations and the reason for the decision to undertake the responsibility for coal production, the increase in plant and haulage is obvious to satisfy orders. for me this is a buy signal but each to his own.
BB, the problem with SoaS is originally he was enthusiastic re EDL, expecting production sooner rather than later.
The debacle of 17/18 and the continuing fiasco since has not tempered his mood and to be fair I can empathise with him.
That is now in the past the future does look promising, we have 173m tonnes plus the expanded licensing which I think is still in place. It would seem from the last RNS that EDL's strategy has changed with a more determined and focussed effort at production.
The web site is still the same as it has been for years claiming production figures that they have never achieved, plus the ongoing issue re the power station, why as a company they are still displaying this is or has been misleading to any body new researching EDL. The next update will hopefully clarify some of the ongoing doubts with this company.
bid rising and the spread a little closer,