Member Info for esquimo

Surely they are not going to post a delay, Wednesday is the last day this month, I suppose there's still time.

A snippet on China, they are complaining about the rise in coal prices because they have a shortage of water to run some of their power plants and need to boost coal fired production. A little ironic.

No interest no fun .

Aerial if you and others wish to continue the fun on the charity bet, how about when the orders reach or exceed 3k tonnes, I don't mean production as we will not get to find out what that is for some time.
There's been a lot of talk about it perhaps we might get a few interested apart from those that say it wont happen.
All in a good cause.

Just a point about contracts, pre the chaos caused by the pandemic, I remember Alister Muir, stating in one of the RNS's that EDL had a substantial order book which would have been a good start for ILTL to get cracking on, he said in the last RNS that he expected to fill the order book. No doubt those that walk around with a rain cloud as big as a dustbin lid on top of their head will rubbish that.

Hi JEZZAC, you will get no arguments from me re the run of misleading RNS's in 17/18 which lead EDL at the mercy of anybody prepared to lend them any form of finance which put EDL's Mcap so low they could have been bought out of the back pockets of some people.
Presently, the addition of the new investors, the talk of diversifying, the latest RNS I see as a positive. it would seem that the request for
EDL to look at supplying coal to an onsite CPP(which some have said would not happen) and the contracts that they are chasing makes this completely different, of course I can hear the shouting ''we've been here before'' but as I've said before the recent investors are not mugs and I do not believe that they are in
EDL for a quick buck or to lose money.
Regardless what people think the pandemic caused a major disruption to EDL.

Just a point on the CPP which needs to be in operation fairly quickly, no mention of the Chinese.
We will need some good news after the results methinks. hopefully by the end of July we will know where we are heading, we will see if the latest RNS is as some claim ''just the same old story''.

SoS, what in the last RNS makes you think they are not interested in coal????
The RNS was about coal, it has always been about coal.
They've been asked about supplying a CPP project,
cement works local and previously international cement works, and you claim they want to be out of coal??????

3.14 re 3000 tonnes, agreed, I did say if things have changed we should have been told of those changes,
GW no arguments on the track record.

3.14, My understanding with the ILTL not (ITLT) agreement was that ILTL would import the skilled personnel capable of running the mine, to feed international contracts whilst EDL pursued local contracts, the production targets were well in excess of 10k tonnes pm. so EDL would take a %age of whatever was produced, the statement being a profit on every tonne.
If that has changed then it should be made public.
EDL obviously thought that was a good deal, how things have changed since then we have yet to find out.
Personally I don't think the latest RNS is the same as the historic failed promises, the likes of RAB etc. would not put their money into the hands of incompetent people, they put their cash in for a good reason not on a whim.

Jezzac, this RNS is no different, that in itself is the question, you can't say that it is no different until the time comes when it can be proven. You can assume but you can't verify what you say, that is why I say I can't answer it until it can be proven that you are right or wrong.
We have the whole of July to go.

JEZZAC, ask that question in a months time and you may get an answer, by then you could answer it yourself.

I think that you will find that 2018 through choice of area was spent digging more mudstone than coal. They have since moved the mining operations to the northern area where the coal is commercially viable.
2018 was not EDL's best period for communications, hiding the fact that they had only produced a few hundred tonnes of sellable coal but plenty of finings which they have at last found a customer for.
All the old RNS's can be quoted but do they have any bearing on the current situation?

3k tonnes wont be a problem with the washer starting up, what I do find interesting is, a year ago ILTL would have moved in with the small production at the time, now they want 3k tonnes before they move in, why is that?
EDL are expecting to produce considerably more in the next couple of months or so if/when those contracts are placed.

GW, The interims in Sept. may give us a clearer picture of the financial situation.
Any real expansion wont be for some time yet.
10k tonnes PM what a debacle that was, I have posted on that before.
The RNS might be a bit of good news before the results, I have no doubt we shall be in need of that.
Next month could be a different story.

I'm assuming that production has been near or at zero for sometime, if they are needing to restart the washplant.
The hint at expanding production may mean another fund raise but this time to increase income, I'm ok with that.

I will sort my donation out to your chosen charity.
Nothing else to say other than watch the SP.

Did somebody say that coal is dead???

Article on the AR, between 2014 and 2020 the Chinese announced 52 coal fired projects outside of China, of these 25 were suspended, 8 cancelled completely 1 in production. The reason seems to be the rise in the loan spread of 38% and the increasing cost of coal rather than environmental concerns.
Coincidence perhaps to the TZ cancellations or was it just Magufuli telling the Chinese what to do???

Not always but generally when news is to be released there's a leak and trading patterns change immediately prior to that, if that is true there's no indication of news as yet, with four trading days left this month the results should be posted, hopefully with updates.
With the right update this should fly if it is the news we all want?

I see Kibo's copy of honest John has been quiet today.

We just need that update!

The history of EDL has been consistent, long periods of silence has never been followed by good news.
Any production and sales last year will not be that significant, so so don't think anybody is expecting too much from the EofY results.
My interest is what has encouraged the new investors to participate in the fund raise, hopefully we will be find out in the next week if the results are published.
Thursday will be a good day, if not we still have another four, lol.