Member Info for esquimo

What is not to like, we have waited all this time for a capable management and production team, they have stated that the plant is running at a production rate of 4k tonnes pm. and looking to improve that in the coming weeks, they are already in negotiations for a higher price at the gate, with orders increasing potentially above the 6k tonnes, something that we haven't achieved in the last 5 yrs, some people are not happy, I give up!

The bit I liked was they are already looking at ways of increasing production due to the demand potentially beyond the 6k tonnes, they are already talking about 4k as a minimum. The next few months are going to be very interesting.

SOS, I hope that RNS improves your mood, production commenced last week with an increase at gate price.

We should get notification that production has commenced, 3 more days to go this week.

It's new management and I'm really only saying what they've stated in the RNS. It defies logic to have a target of 4k tonnes pm and then expect that by the end of this month when as yet there's no production, if and I do say if, they can manage to accomplish that then 6k tonnes should not be a problem.
Of course I am positive I wouldn't be here if I wasn't, although it is a test of endurance,LOL.

Re the RNS, maintenance and repairs were still ongoing, and the market would be informed when production commenced. So as yet no production, the monthly target is 4k tonnes, they expect to produce that by this month's end. We are into the first week of October if they can produce 4k tonnes in what is left of this month from the commencement of production then surely the 6k tonnes can't be that far away?

EngineerTZ, your first post is in need of a translation.

BB, GW has got his figures right, we need either 8k tonnes per month out if the gate or a multiplication of the$10 per tonne, like you I have topped up on the original guesstimate of a minimum 6k tonnes in two weeks which has now up to 6k tonnes sometime after April 23, a big difference between at least to possible if all goes well.

SOS, there's little point in arguing on speculation, I like you and many long term holders, as you say, are well under water, some of the more recent investors not so.
Markets are what they are and would have no problems in dropping the price to make a profit.
At this moment in time the major holders are behind the firing and hiring and about time too.
We shall see what happens in the next few weeks with some sort of production imminent.

If there's any consolation to be taken from yesterdays RNS there doesn't appear to be any attempt to dump EDL's shares.
The other point, more curiosity, is how are they going to fund increased production , which they said they will do at their sole discretion if deemed necessary with their current funds?
Just another month to add to the ten years plus to see if we can get coal out of the gate.

Perhaps this is a little naive but the talk of production I assume is washed coal / fines going out of the gate which relies on the wash plant etc. which is out of commission due to maintenance issues. We have an extra excavator plus two more trucks, I assume that they are not idle and being utilised to clear overburden and stock piling coal. If that is the case then once the plant is up and running the 4k tonnes should not suffer any production hold ups, having said that there's no mention of stock piling in the RNS.
Plant idle time would be a good time to accumulate feedstock for such a small operation as EDL with the coming wet season.

As EDL has stated contracts and reliable income will not materialise until EDL can prove to be a reliable coal producer, the Q
is when will that be, 4k tonnes should not be a huge target but it would appear to be for EDL.
An update at the end of Oct. saying that they have actually managed to get coal out of the the gate might give the markets some glint of optimism.

As I said recently, the longer the wait the more disappointing the news..
Still maintaining EDL's 100% record of failure

One or two not waiting for the results but as yet no hint of any leaks to the market which I find hard to believe.
We shall see what happens as the day progresses.

Re fingers DITTO.LOL.

Friday is possible but I have hopes for tomorrow that is what I have pencilled in.
We shall see how the trades, if any, progress today.

BB, after 10 yrs plus I am well practiced at the wait and see exercise, as are few more, another couple of days is neither here or there LOL

GW, to leave any notice untill Friday would not be very good but would be in keeping with EDL's mode of practice.
As I have recently said the longer the delay the more disappointing the news tends to be, my hope is that the new management does have a more honest and positive approach.
Re the market traders will know long before we do whether the news is positive or not so I expect an increase in trades before any RNS.

We shall see what happens, only 3 days left assuming that Friday is not included.
No doubt the traders will be in action.

The longer we wait the more disappointing the news tends to be interims next week plus update is what I expect ,after all they did expect a minimum of 6k tonnes by the middle of October dependant on ongoing repairs.
They also said that they would update the market as the upgrades/repairs were completed, as yet no RNS to confirm the completion of those tasks.

Arcontec consolidated 125_1, quite successfully and followed with a maiden dividend which has continued, the pandemic has caused them a few problems resulting in a drop in their SP. Overall the consolidation has been a success, mind it doesn't always work out like that.
Having listened to the recent podcast I see no reason why this should fail for FDBK in fact just the opposite, it would seem that the current low income is due to change and the current SP is a good entry point/stake build price.
It's been a long haul but they are on the cusp of reaping their well deserved rewards .