Member Info for esquimo

I read a small article that stated the health secretary intended to change the procurement policy and that there was some doubt whether a new policy would be in place before 2024, I've seen nothing since to support that comment. But there has been no news, that I'm aware of re the SW contract or the CDC's, it might all be out of TO,'s hands.

I wonder if like last year we will get a short early update at the FY end.

The pre consolidation SP is looking a little further away at this moment in time.

If it keeps this up we shall be back at the pre consolidation rate of .5p. I don't think this was in T.O's plans.

20 k should have been 10k,sausage fingers.

Read the RNS, many times as I have done over the years.

The failure to fill their forecasts is legendary.

A new coal seam

Exciting coal prospects

More contracts waiting

What appears to be a worn out washer

All points to large investment

As yet very little income.

Legal arguments still to be settled.

Why the silence re sales in April?

The lack of trading interest.

Cast your memory back to the early prediction of 20k tonnes pm, and there was even a mention of up to 20k tonnes, what are we aiming for now 2.5k tonnes pm and they are struggling to achieve that..

We need that update!

Sadly that's the truth.

It would be reasonable to assume that if they had continued with the little spurt at the end of March it would be out in capital letters.

Why not and what has gone wrong are the obvious questions. Once again EDL running true to form.

No arguments re wet coal.

The washer is a different matter, it is too well used to operate at it's design standard, although modifications and repairs have been carried out, how effective that work is remains to be seen, it has yet to be tested in continuous production. Hopefully this next update will be positive enough to quell some of the substantial doubts about EDL.

Judging by the last update, getting the coal out of the ground wasn't the problem, it was the limitations of the washer. Without going over the last RNS, I seem to remember that they had a substantial stock pile.

If true the sales last month should be somewhere near their forecast.

Up 7 fold due to the Ukraine war.

African leaders are wanting to use more fossil fuels.

Will EDL be able to take advantage of the rising demand in TZ and the surrounding countries?

Let's see what the next update says.

The weather is drying up, the rain being the excuse/reason for the lack of production, so, we should now be seeing the previous sales record being broken and they wont need to produce a lot to achieve that!

As always fingers crossed.

Well the weather has been favourable this month so production and sales will be approaching the said target of 2k tonnes, which for EDL will be a record although a long way short of the 2017/18 forecast it will be progress.
I'm assuming of course that all is well onsite!

Is now drawing to a close. The forecast for the next week or so to be virtually dry, so this month should see EDL's production achieving it's intended target, which should be accompanied by an update. The markets reaction to that should be something to look forward to.
The market will only believe it when they see it!
Judging by the last update on the late increase in production at the end of March, the continuing improving conditions should see a more stable production!

I may be misreading the RNS, if they work a 5 day week the processing of coal between March 20 and 31 would be over 10 days , it sounds like only 6 days for the washer to be running @ ?? number of hours . If they have produced over 500 tonnes in that period, then with the weather forecast looking favourable over the next couple of weeks at least, there should be a substantial increase in output this month, with hopefully an update early May.

There's very little rain forecast over the next week or so, so production should continue!
No comment on the disputes, Upendo etc?

We are currently standing at a pre-consolidation SP of .75p,
once the success/failure of the tender process is published we should see a serious re-rate, I'm assuming of course that the result will be positive!

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 !