Member Info for esquimo

SOS, it would seem we see what we want to see, trees ha!

Big eye, it's the word we have all been waiting for (well some )
I don't understand how that RNS can be seen as mb a negative.

So much for zero production until the end of April.
Disruption is a different word to cessation.

Aerial a sense of humour is essential with AIM.

Held my original buy for 10 years, give or take and they have less value than the ink in a full stop,.
I have of course averaged down since then, that original buy will never recover its buy price since the dilution and consolidation with more consolidation to come.
That is AIM !

The truth never came through until we were bankrupt with Rufus, he did develop the mine albeit in the wrong place!

As I've said in the past this is a buy until proven otherwise. Coal going out of the gates in the next couple of weeks, so at least some income albeit restricted by the weather.

I wonder now what our economically viable coal reserves are. They were 173 m tons, now southern pit finished, Muse disposed of Namwele big ??, The expanded area as yet untested.
EDL's web site seriously out of date.
I hope AM continues to keep the markets updated.
The investors obviously see value in EDl to continue financing this project. If only we were privy to the same info!

Today, no sell off so Aerial is most likely correct it has been traders trying to make a few Bob (a bit late responding Aerial)
SOS, it's clear that production will commence in the next couple of weeks but hampered due to the wet season, it doesn't rain 24/7.
We shall see what the next update reveals.

Hi SOS,it is obviously a misprint on the lse/ EDL web site under news.

they have been talking to RS

lol

???

the markets have given their opinion, back flat.

in the past has been the lack of information,hiding production figures and generally misleading the share holders.
We now have a CEO keeping the markets updated with what, as far as I can tell a good deal of honesty.
The latest RNS is no more than should have been expected. We have named customers with contracts, if they were unable to fulfil them I doubt the finances would have been made available, so production in a couple of weeks albeit limited, so I would imagine that there will be a further update following that and more contracts further down the line.
Don't tar AM with the same brush as RS, until he has been given at least half a chance!

As I have previously stated why was so much time and money spent on the southern pit, absolutely shambolic.

For me the stand out question from the RNS is, why after all the testing and RS's qualifications was so much time and money spent on the southern pit when it has proven to be uneconomic, 2 years digging up mudstone?

Agreed, for EDL I should have followed the small step with what the man on the moon said "a giant leap"
We shall see what reaction we get.

Coal out of the gate with income is what the market needs and we are only a small step from that.

Well there's the update, production limited by the wet season as expected but everything set for any dry periods with May for full production.
I assume AM will provide another update at the end of March.
What a difference from RS.

Having more or less just received the financial backing I would imagine that the concentration will be on fulfilling the existing contracts and it would seem to build up the stock piles to pursue further contracts.
I am looking to seeing exactly how AM is going to achieve these targets, if the RNS is to be believed he seemed pretty confident in his ability to make this happen once the financing was sorted. One thing is certain we will know if he is on the right track by the end of this Q.