Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
That's approval of the current management, RAB don't waste money.
That's one little problem out of the way.
A little more of the fund raise for EDL.
Hopefully the long rains will hold off until March which will give EDL a couple of months to stock pile, then through to May will be a Q mark.
Placement shares by ?? Friday, we shall see how many are to be held.
The income from the stated orders is greater than any yearly income since production began in 2017, I would call that an achievement in the short period of time that the new management has been responsible for operations.
With my the increase/increasing price of coal, it would be interesting to know what the break even sales tonnage is now, as the only figure I can recall was 6k, I have no doubt that has changed.
Well at least everything is now in the open and the admission that the previous management were clueless, something the markets have been well aware of!
We now have the prospects of a regular income but no major improvement until after the wet season and the installation of SoSs' wash plant.
I didn't see any mention of increased shifts.
SoS, ah the deliberate mistake, my index finger can't spell, it should be December.
In October (I've swapped hands,lol) due to the increased interest from potential customers, EDL were exploring ways of increasing production above 4ktpm, as the demand was in excess of 6ktpm.
With the increase in haulage ability and the washer performing to expectations the next RNS should be on the upside with some mention of contracts.
It would seem a fairly straightforward way of increasing production by increasing working hours , if the demand is there they have the answer.
SoS, you, as far as I'm aware are correct, apart from the warrants about 2 years ago at 30% above mid price.
My point was, regardless of the fund raise that hopefully the SP will be much higher than today and any discount would still be higher than the current price.
Perhaps the next update will reveal who will be running the mining operations, although that procedure could take more time.
You never know your September 8th might prove correct.
The date doesn't worry me as the content of the RNS, will determine the markets reaction.
Financial year end boost would be good, lol.
So next week for the expected update.
Looking at the CV's of the current board/management and the search for better quality seams that will increase productivity over a longer period, would suggest that the 4k tonnes is just the starter( if they can achieve it).
They are going to need bigger investment in plant, so a fund raise next year will no doubt be on the cards, the Q is at what price,, hopefully at a much higher price than we have now.
If, (there it is again) there's anything good to release there will be no doubt that the markets will be informed post haste.
As yet the trades of single/double digits do not give any indication of imminent news!
As always with EDL, "If only " seems to be a permanent attachment to their news releases!
If as per their last RNS, they are running at the targeted volume with a consistency that encourages more interest in contracts and increased production, then that will be released to the market at the first opportunity regardless of the date, if on the other hand they wait untill the second week of Dec. I would assume things have not gone to plan.
Edl never release bad news unless forced to.
A year ago they were in talks with the TZgov . re cpp, not a mention until NL's talk in the podcast.
Up to now they've failed to. be a reliable provider to a 1k tonne pm. customer.
Another 2 days we will be in Dec. so not long before if progress of any form has taken place.
Still no hint, judging by the trades that production is going in the right direction with advancement to contracts.
As a more recent investor here I see that this share has suffered the same fate as of a lot of AIM shares, that is lack of news means a nibbling away at the SP.
Having followed FDBK for a good number of years I think the next news release will correct the drop. There's a lot going on with this company, with excellent prospects for the future.
EDL's website is still claiming production at a level they haven't achieved since mining commenced, in fact the website is so out of date it is misleading to say the least to newbies.
The only consistency they've managed so far is failure in production, even with the recent upgrades .
In another week we may find that situation has been rectified. We need to something to support this SP.
3.14, further to that a new seam has been identified which could provide coal for several years.
Kibo's RNS plus NL's podcast would suggest that CFPP's are not dead due to new technology to reduce emissions.
3.14, that is the obvious Q, ???? Answer.
I see KIBO, has revived it's MCPP.
We have a engineer searching for more sustainable and better quality coal seams.
Samia didn't go to China on a holiday!
Too many ifs, let's see if they are able to put them to bed.
Given the ongoing issues with plant maintenance, I wonder how long it will take to convince any customer that EDL is a reliable coal producer which will lead to a contract.
If, as has been said, the demand is there and the next two months are needed to stock pile to secure supply during the wet season, they really are going to need a little miracle judging by the current efforts.
If they can manage sustained production it needs no imagination to see where the SP will go.
This share having consolidated more than once has made it easier to pull the share up on your screens having removed several zeros after the decimal point as we hit new lows.