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The quality of the coal is known hence the interest from POTENTIAL customers, the problem is the inability to gaurantee supply due to ???????,
If they can dig it up in sufficient reliable quantity then they will be able to sign contracts.
5yrs, with so little production and enduring problems is no way able to build confidence in their ability to fulfill contracts.
Since the predicted monthly production in 2017, without totting up the total sale of coal out of the gate, have they managed a full month's predicted target in total over 5 years?
Now they are talking of expanding organically, it does take some imagination???
Although EDL have had zero income from Nextgen any coal sales from the stock pile will be at the rising coal price hence the claim that there's little effect on the bank balance. The rising price of coal makes a substantial difference at the gate.
Not an inspiring RNS, more questions than answers.
Zero production since handover with delays,
production problems yet to be solved in the near term,
whatever that means?
Production targets, what are they?
What difference will the more favourable coal prices make to EDL as they have accepted $10 per tonne, unless of course they have altered the agreement with the increase in the price of coal.
Nextgen are obviously having problems if they are getting round a table to verify if they are capable of producing coal to the required targets, again no mention of what they are.
Discussions re power plant appear to have vapourised.
End of year results in June will obviously be dire,.so let's hope the production problems are sorted before then.
6.8% drop , I think some were expecting a better start to the week.
Bunsen, Zak predicted a much higher SP than that about a year ago, charts don't always work.
Hi Merlin, I thought that you were in contact with Aerial, sadly Aerial has passed away, a great loss to his family and all who new him. E.
No concerns at all! The placing and open offer were for the be right reasons and not just to pay the directors salaries.
Both well oversubscribed.
Ian12, it's not as bad as EDL, a share I have been in for over 10yr. I have followed FDBK for about the same length of time, dipping my toe in about 2 months ago and adding since. The SP 10yrs ago was 1-1.5p, I'm adding now because of what would seem to be (AIMs favourite saying) huge potential the let down of many an investor, I think this time it could be correct, as always time will tell.
No surprise there!
As GW said June is the most likely date, it will take Nextgen at least that long to establish customer supply lines but who knows what surprises could turn up.
I can't see Nextgen providing updates on production so no surprise if the next update comes with the results, re income and forecast income. Having said that they just might break the silence and reveal their next venture.
The current state of trading doesn't give any hint of news anytime soon.
Browns99, it would seem you were spot on re the long rains, heavy rain and thunder forecast for the coming weeks.
How that affects Nextgen production remains to be seen, assuming that they are actually digging coal up.
I assume that's a wind up!
If not, EDL have a pile of coal but up to this point have been unable to extract it and been totally reliable on fund raising for income, NEXTGEN may be about to change that.
A soaring coal price and high demand, paying EDL $10 dollars per tonne, whilst they look elsewhere to spend whatever cash they have left.
Without any update we can only guess that coal production is going ahead.
The takeover by Nextgen looks like a real smart move for them, a rising coal price high demand and paying EDL not a %age but $10 per tonne.
and we are into March.
Will we get that update?
Will Nextgen fulfil the outstanding 3600 tonnes, will there be an increase above that?
There's no problem with the rains for the next couple of weeks as they are still fairly light, March could be heavier.
January was spent preparing the ground for Nextgen's takeover so from the first of Feb. they should have hit the ground running.
Whatever happens now there should be no reason for the miserable production of the past.
It would seem that we have everything to look forward to.GLA
Plus their own personnel and equipment. I'm sure that if the production picks up someone will know and the trading pattern will change. Speculation on my part!
BB agreed. Once we see the increase in production, which is the purpose of the handover then the buyers will return, hopefully after a months production, which lets be honest , couldn't be much worse than the previous attempts!
Profit on every tonne has to be a catalyst for the market.
And be still unable to produce more than a few hundred tonnes, abysmal performance!
All eyes will be firmly fixed on Nextgens performance.
End of month production figures plus further contracts and the ability to fill them it's any ones guess where this SP will go.
Interesting the lack of of info on the CPP talks.
BB agreed re selling stock and speculation, good news/bad news and notifiable news can be very different.
No increase in production I would now consider bad news but that could be included in any update.
Again I refer to 2018 series of news releases and the period of silence.
Having said that I will not be parting with any stock but also not adding at this moment in time, GL
Well, it is now 2 months since the last update and not a scrap of evidence to support that statement, even the trading volume does not hint at any imminent news.
Increased production, increased sales book, increased enquiries ( unsolicited) where's the evidence?
Echoes of the in past unfortunately.