The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
There's very little rain forecast over the next week or so, so production should continue!
No comment on the disputes, Upendo etc?
SoS, fair point.
Another point not commented on is the absence of the strong demand for the coal that they, at this moment in time are unable to produce.
£1m Mcap, cutting it a bit fine.
SoS, fair point.
Another point not commented on is the absence of the strong demand for the coal that they, at this moment in time are unable to produce.
£1m Mcap, cutting it a bit fine.
Are easing this coming week to be dry over Easter.
Whether that is a sign of a shorter wet season remains to be seen.
An explanation of the several months before production picks up is warranted, what damage has been caused by the heavier rains, it was stated that they were spending time preparing for this wet season? What has gone wrong,?
With the increase in the coal price, what is now the break even level of production?
The price per tonne of the last 3 months production was hardly generous!
BB agreed. I have April / May for buying back those that I've traded and gained elsewhere. Just keeping an eye on the price at the mo.GLA.
It's a far cry from Zak Mir's 90p that he predicted.
I would like to know what this exciting new coal opportunity is?
It would seem that the current management are spending their efforts sorting out the mess that they have taken over.
No major selling, looking for a second washer and looking at further expansion of their coal business, as poor as the SP is, it doesn't sound like they are going to go under.
The mining licence, should get fixed.
Several months is more than the 2 months to June before increased production and income, so when do they expect a decent income?
No worries they have come across an exciting new coal opportunity !
I wonder what the next target date is for production to pick up, several months?????
2k tonnes when they as yet can't manage 1k in 3 months!
The only ray of hope that I can see is that the major holders aren't selling.
What a fiasco the previous 14 or so years have been.
I've followed this share from it's early days of prostate diagnostics, the SP then was 1/1.5. having only recently invested here (12 months) and now in profit, the SP has yet to achieve those early levels.
The future expected income is huge, yet to be confirmed!
I find the selling by a few to be odd with being so near to the expected increase in income.
For me this will be a strong buy for some time to come.
We should be getting the results of the dispute with Upendo plus the Environ refund this month.
April/May whether or not we are fulfilling contracts and able to increase production to more than 2k tpm.
I think crossed fingers have now fused together.
Well minimal production/income for the next 3/4 months of the wet season.
That should be an opportunity to organise the workforce for increased working hours to increase production .
They are confident to agree 2k tonnes pm. they should have no problems doubling that at the end of the rains with the existing equipment. They might just get things moving before the next short wet season.
Whatever happens I'm in to the end hopefully of this debacle and looking forward to the next update.
The section on the wash plant isn't totally clear, they're negotiating contracts for (up to) 10ktonnes pm. They are looking for a washer as that will be essential to increase production above 10k tonnes pm. They've previously stated that the existing washer has very limited capacity, so for me a new washer is necessary to produce up to 10k tonnes pm.
That says they have a rust bucket for wash plant and no real income this year apart from keeping the lights on.
Strange going on with the bank account?
The production less than 2k tonnes per month until June, if I've read that correctly.
What will the market think of that???
I can guess so I'll leave it there.
T 72 ,thanks for that , you don't post nonsense so I assume that your comment had some foundation.
It's been imminent since Jan. The last update was Dec.
It would be interesting to know if imminent was based on ear to the ground info or just speculation.
My memory of imminent re EDL was sometime ago and that took over a month.
It's for sure that the one thing EDL have excelled at is their ability to disappoint. 2 clear months with no update (as yet). The price of coal has plummeted, and the lack of trades is no indication of news.
Another month or so before the start of the wet season, let's hope that they have the necessary stock pile.
Continues, I've concentrated more on FDBK, which will continue it's move this week with what looks like substantial contracts both in the UK and internationally to totally transform this company.