Member Info for GreenWolf

Pawn - I've said many times on here there is a big difference between gross profit and net profit. Our accounts show how much we are losing each month both from a gross and net perspective. That's why I am so interested in our annual results due in June.

Four and a half years of trying to get the economies of scale on both ROM and sales and just over three months into a potentially transformational relationship (whereby we strip out our cost of sales) and it's clearly not working, still. Whatever happened to MarTek Global?

Upping production isn't quite that simple without significant investment. According to our BoD, that strategic money from last year (c£2.5m?) was earmarked for acquisitions, not continual rainbow chasing on our mining operations.

Sausage is not a deramper, he is a frustrated long term holder, like a fair few on here including me. He has been here a very long time and deserves respect for that alone, none more so than I expect he is over 95% down if he hasn't averaged lower / traded over the years like I have.

We need a wholesale change on the Board. They have continually failed (who agreed a flat fee as opposed to a %age of sales revenue in a rising energy price market......?) and replacing Rufus simply hasn't resulted in any tangible change for shareholders.

Wednesday's RNS wasn't positive given the history here since we started production in October 2017 and the market agrees.

I think somebody mentioned yesterday that the market had missed the significance of the RNS. Not sure it has.

I hope the whole BoD goes when they reshuffle / review it because they are starting to demonstrate incompetence of the highest order.

Bullish - it's those "meaningful amounts" that we've been promised since early 2018 and they have never transpired. Q1 quantities were nothing short of pitiful.

Its a rather meaningless RNS as it stands. I'll be interested to see our 2021 full year results next month. GLA

Pi - there's undoubtedly a reason why no mention of sales, revenue or profit in that RNS. Same reason we've lost money since 2017. We couldn't make it work and it appears NextGen haven't taken long to come to the same conclusions. What a mess.

To me it smacks more of Nextgen pushing back on the contract terms because they can't make it work. I suspect they have discovered in three and a half months the same thing longer term holders here have endured since October 2017....

Continued noise about increased interest in our coal etc etc - perhaps Alistair has never read the numerous RNSs from early 2018 - the one on 27th February is particularly telling. And what is "heightened demand"? It didn't exactly transpire in the first four months of this year, or in the last four and a half years.

We'll see how it turns out (more waiting....) but what worries me more are statements like "Given its current financial position Edenville now has capacity to expand operations organically and to meet this heightened demand". The only financial stability we have is what's left of that c£2.5m placing and we're still losing money each month. That money was meant for a new strategic investment / acquisitions - that RNS statement suggests they're looking at investing more in our mining operations.

I don't really see many positives in that RNS and the price action suggests neither does the market. A few block sells into that little spike too.

Need more Alistair - perhaps where our additional asset acquisitions are that were promised on 5 May 2021 or confirmed sales of coal at almost double the price it was three months ago?

Sausage - some very factual posts this morning.
With regards to our CEO - your views on Alistair and Rufus are similar.
Not disagreeing one bit, but I have also seen very similar CEO traits across numerous AIM stocks over the years.....just saying...
The Alternative Investment Market - I think we all know what that really means.
GLA

pawn - but our own funds are being diminished. It is the cost of sales we are now removing from the P&L (c£50k per month) but we still carry our admin expenses of a similar magnitude. We no longer pay for the mining, but we are paying for our BoD and all those head office costs...

Our Gross profit now is simply whatever we receive via the contractor per tonne. That needs to cover our admin expenses so we aren't yet out of the woods until Alistair actually gives us those figures...which he hasn't.

Half an update, in my view, but given we get the square root of nothing normally from our BoD, I'll take something as opposed to nothing.

Well, it's an update.

Not sure how much it really gives us in terms of our new operating model "..whilst the Company has not to-date benefited from material revenue generation, its existing cash resources have largely been maintained.." - Really?

While we still have admin expenses of c£50k per month - it's purely the cost of sales that now drop out of the P&L - we're losing money unless we're selling several thousand tonnes of coal, although we can't actually be sure exactly how much money we are getting per tonne, so what is our break even tonnage now?

Despite the rise. the RNS it is still smoke and mirrors.

The difficulty I have is we have sold c1,000 tonnes of coal in three months, from our stockpiles. That doesn't particularly suggest it's in quite as great demand as the "strong interest" and potential orders referred to in the interims.

Bit more info please Alistair. GLA

Gwynwin - not too dissimilar to my own thoughts, hence my post about end of June.
That said, nothing like a Tuesday morning RNS after a bank holiday....here's hoping

Annual results by end of June..

Edenville is the only share in my portfolio not showing red today - every cloud, eh??!! GLA

For those believers in secret RNS messages!!

esquimo - traders were expecting fireworks; company fundamentals currently portraying a slightly different story. Need to get back to 25p first. GLA

Tend to agree with you KD37; I was really positive about our Nextgen agreement but the realism of being in and out of this share since the Gemstones days tends to always leave me on the disappointed side.

Bullish - I am happy to see the rise, but there are a lot of holders on this board, me included, that have probably been here too long.
Our last placing was at 25p. Once we start to rise above that then perhaps things might get a bit more interesting.

Interesting start to the day GLA

The BoD of the other share probably pay him more.... Tim isn't unresponsive but he's never been very forthcoming with any info. Alistair is a better bet.

Teaye - pointless in my experienced view. He is nothing more than a puppet for the pay masters and has no authority to respond on anything that isn't in the pubic domain. I suspect he has more standard email responses to cut and paste from than the politicians.

Next to no info about what's happening on the ground (2 updates in over 4 months?). It is an utter shambles, even by our BoDs track record on releasing news.

Agree AB - as a going concern we really have been through the mill over the last few years, but the 2021 results were very different and positive. Debt reducing, making better margins etc etc. Definitely a recovery stock for me. GLA

Didn't we consolidate 1000 to 1 last time? That would mean £500k would be.....way more than our MCap!

We're starting to look a bit oversold and I wonder whether there is a tick up coming.
Would be nice - we were over 25p in mid January.....
We'll see if technicals marry up with what we actually know of our company!

They don't......and neither do we...