Member Info for esquimo

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,

Not on my screen, 10-50 was the ask this am.

smells of a production update.

The last RNS stated that only a modest amount of existing cash has been used to expand production so cash in the bank!
Any coal produced can be sold due to existing demand.
Why then would they need a placing and why the drop in the SP, the next couple in of days should provide the answers to those Qs

The other reason (possibly is if one of our investors has dumped their holding) leading to a holding RNS.
that has leaked.

Sorry all the mining equipment.

All the mining back into service, an extra excavator in service plus the need for extra haulage, says to me that coal production has been continuing this month, if something has gone wrong with nil production then that would be or could be the reason for the drop, if that is not the case then with the cash in the bank and coal going out of the gate we should not be at this level. In the next 3/4 days we should have the answer. I don't think the results are the cause as it is no secret that they can be nothing else but poor.

The 5k tonnes is targeted for late 3rd Q.
If it takes extra machinery and haulage to hit that target why with the original haulage contractor did they not achieve this in 17/18?
I would not be surprised by an RNS being issued with current production at the end of this week, to soften the impact of the results, can you imagine what the interims will be like, so we do need solid production, if that gets going the 5k figure might just be conservative!

Read what you will, it is obvious that with the existing machinery now operational and the need for more haulage says to me that they are digging up the black stuff, I did not mention any amounts huge or otherwise but anything above the previous zero will have an impact on the SP, as I've said previously the next update will give a clearer picture.
They do need to convince the market and potential customers that they are a reliable coal producer that I accept as it is something that they have failed miserably to do in the last 5yrs.