Member Info for esquimo

Brightspark, the reason for the lack of production was zero cash, they should now have no excuse. You are correct, there should be a significant rise in the SP, whether that happens remains to be seen.
I did expect the trades to pick up by the end of this month, along with the SP, only two days left?

A child in a sand pit could have filled more buckets than EDL did up to Jan 22nd. having said that it would take little effort to increase production now that the cash side has been solved. The lack of trading volume doesn't indicate that a RNS is imminent but as Aerial keeps saying you just never know.

JZD,
Sorry to hear that I was looking forward to your update, I hope things aren't too bad.
Best wishes
E.

The RNS will have been prepared, unless they have to scrub the word accepted.

RNS Feb. 5th

At the current SP, doubling of the shares in issue will still give a small Mcap?

Financing doesn't appear to be a problem, ramping up production to over 12k tons pm is their biggest problem, if it can be achieved in good time then more contracts will be available.

Who managed to reduce the Mcap to, £2m,
Who released some dubious RNS's, then went virtually silent to hide the like of production.
BUT in the same period has managed to develope a working coal mine on what, realistically, was a shoestring.
His successor, AM is developing a customer base for the for the sale of the coal, for which there's an obvious need/demand for, from a mine that has been developed by RS.
We have a current Mcap of £3m, what will it be in 3/6/12 months, my guess is not £3m, but there again what do I know?

and no mushrooms?????

The 64 $ Q

Jogonson offered similar advice on other boards, if my memory serves me right he was told to live up to his name.
I might add, not by me!

Drop based on the last UT, buy and sell have been static since December.

Our situation in a nutshell.

I think that the expression is tongue in cheek.
The only gaurantee that we have is that there will be news sometime in the not too distant future.
The Government elections are due this year, let's hope we are on our way before then, (Magufuli/Mugabe) who knows what could happen, especially if he throws a tantrum when he realises his hydro scheme isn't quite working out.

We are all waiting for an update from Diggie, LOL

I have no doubt that AM has the intelligence/experience and ability to make EDL a success, his first problem though is keeping the lights on and time is short. Having topped up again this month I am counting on him to come up with the goods.

seems to be continuing the well established habits of EDL re-information.
No heads of terms, (due in December)
Nothing to say that they will have sufficient funds to continue.
Nothing to say that they will be fulfilling the latest contracts.
The bank balance must be desperate?

On top of that they are in a country where the the president (Magufuli) is behaving more like Mugabe, who seems more interested in him self than getting the country on a good economic footing.
His obsession with Rufigi is likely to bankrupt the country with a scheme that is unlikely to pay for itself, thats if it ever gets finished. Up and running in 3 years, he must be on wacky baccy.

Just cleaning my shades.

It's amazing how the non edible mushrooms enjoy the cold miserable damp weather but disapappear when the sun comes out.

too right