Member Info for GreenWolf

Bigeye - it's not "truth" it's just unfounded opinion. Amazing how you seem to disrupt this board....
And you know which words you used.
Like I said, people are also welcome to check your posting history, not just on Edenville. Abuse to anyone you simply don't agree with.

aerial - it wasn't spot on - it was just abusive towards me, as usual

aerial - indeed we haven't and I've posted in that time. Amazing how I make a post of my own opinions and I get nothing but abuse. I thought we'd all grown up. Clearly someone hasn't. GW

MrNation - I truly hope you're right. GW

No, aerial - it's not because I'm back. Bigeye's abusive post has been removed and he knows I didn't report it.

esquimo - but why is our share price not moving?

It's all "potentially" great news, as I posted when the 29th July RNS came out (despite some saying I never say anything positive). But we've issued too many "potentially" good RNSs in the past.

It's not about the opinions of any PIs on here and all the abuse, accusations etc etc (I'm not saying from you) is irrelevant because MMs don't give a stuff what we're saying, it's how the market is viewing us as a company based upon the information AM is telling us all. It clearly isn't enough, yet.

The market is after one thing - tangible figures on profit.

According to AM, we'll be going from a position of losing c£70k+ per month on our operations to being profitable on every tonne we sell. How does that work? If we are going to be profitable on every single tonne from 1 September, why do we need to raise funds, borrow money, retain the CLF, set up a £1m loan agreement etc. If it's so easy, why haven't we done it before?

That would lead me to believe that we will potentially be profitable on our cost of sales, but our profit from the mining might not cover our administrative expenses, BoD salaries etc until we can get much larger tonnage throughput and better economies of scale.

It's quite clear to me - until we can demonstrate to the market that we have a business model that works and will get us into profit as a company with some supporting figures, I feel there will remain limited confidence in us. GLA

Francn79 - do you have some figures to support your post regarding cash and borrowing?

Great news

alex - of course it's legal and above board - it's designed to do nothing more than take money off PIs.....oh, hang on..

This is way, way oversold now and unless we get some catastrophic interims a week on Thursday, I'll stick my neck out and say we're pretty much at the bottom. But that could of course be the kiss of death.

aerial / esquimo - RS is still registered on Companies House as a Director for Edenville (South Arica) Limited. It's probably just gone under the admin radar.

aerial - we've been hoping for better comms for a decade now - it's the single most frustrating issue with our BoD. It's never changed.

esquimo - Edenville (South Africa) Limited has Rufus as a sole director - company number 11725186 - it's 100% owned by Edenville Energy (they own the single share!)

It's yesterday's sell that has dropped the bid. Even if someone bought those at 0.04, they've made a quick 5%. And if they bought at 0.02, that's a nice tidy profit to spend on a summer holiday!
Looks like Rufus is still a Director of Edenville (South Africa) Limited. That might just be an administrative oversight though given everything else that has been going on.

If that was the price of coal per oz, what would 170m tonnes be worth?!

Sausage - some interesting points there - my biggest question is indeed over the commercial model.

If we're now planning to make a profit on every single tonne of coal (I suspect that is simply revenue greater than cost of sales - that makes some sense if you're contracting out plant and labour operations) then why do we need to sign a loan agreement?

From 8th June RNS
"Following the completion of the Placing and the payment to creditors, Edenville will have a cash balance of approximately £375,000. When coupled with the proposed loan to be provided by ILTL, Edenville is comfortable it will have sufficient funds to bring Rukwa into a position where it is cashflow positive from operations."

But we've said today we don't need any money to bring the operations into a position of being cashflow positive and we had £375k barely six weeks ago? I'm slightly confused.

However, the real positive is we have something more tangible on the mine date.

A good RNS and just need to get that mine going now.

Teaye - I wouldn't worry too much about the transparency - it's never really changed in our news pipeline. The biggest failing of our BoD (and it continues) is the lack of good news flow, information and updates.

Critically we are eating into the dry season, we're not producing and there has been no operational update now for over six weeks. The latter is simply unacceptable, notably given reopening of the mine holds the key to everything going forward.

As far as ILTL goes, the only "history" I can find is a cross reference to Ubungo Investments which seems to have the same company number with BRELA ORS - 55264. I suspect that has simply been a name change at some point.

But ILTL is a private limited company so outside of something like BRELA my view is you may struggle to find too much on the internet anyway. I'm not overly concerned personally, but....if nothing is happening on site, all we're doing is burning cash on our back office salaries, overheads etc.

We have to get the mine back up and running.

Starting to look oversold though, which might present an opportunity. Slight issue is we've closed below our support levels in the 65p range today, so it will be interesting what happens tomorrow. GLA

Teaye - did you get chance to do any further research on ILTL? BRELA has sort of come up with a brick wall for me - not sure if I can do a manual request for additional info or I need to be registered.