Member Info for GreenWolf

There is no doubt that somebody is offloading into the rise.

Bullish - somebody is definitely offloading in 100k chunks and there's been about 20 of them according to my London Stock Exchange data - look at the times of the trades and the value. They are sells.

Sausage - looking at the times, they're sells.

11.5m to churn through initially and, low and behold, somebody potentially offloading at c40-50% profit......

You can't beat experience.

Bullish - 5th May 2021.....

"Nothing has changed" - having been here since Gemstone days and the abject failure(s) since October 2017, I truly hope something is finally changing.

I really wouldn't assume that those buying in at 5p aren't flipping shares. Even selling at 7p......that's 40% almost instant profit. This is AIM and we've seen spikes after placings before here.

And the Warrants at 25p - we have plenty of those currently outstanding.

https://edenville-energy.com/share-structure/

I truly hope it does finish up and this is possibly a new dawn, but we've been in exactly this position many times before with placings and then a spike and a fall back.

Makes you wonder what goes on in the background.....

Annual results due next month.........

Neil - no worries. Glad it's remained civil.

I've only posted this morning as I had a long conversation with a friend last night who has lost a fair bit of money on this since IPO - I'm talking six figures, so it is life changing for them. They're not in the best of places and asked for my opinion on whether they should punt some of their savings in to recover.

Like I've said on here - it's gambling, nothing more. Just be prepared to possibly lose more money. If you're comfortable with that risk, then you don't need to take any notice of anyone on public open forums.

I think my point is everyone should be aware of the complete facts - that's the second RNS from 17th May.

There is no guarantee of £2m return. None.

The usual danger on these boards is the short term punt trader looking for the quick spike and then those who haven't seen it before buy in and get left holding the baby. It's the ethical piece of people making money at the expense of others.....

It is just gambling. If you're ok with that, then that's fine.

"In this scenario though you won't' lose' the lot as there is money back to share holders"

No, there's an "estimate" that there will be a return to shareholders. Given the devastation the BoD has already done to the MCap, do you genuinely believe they'll be more worried about returning anything to shareholders or closing out their own liabilities as Directors first?

There is no guarantee of anything coming back - "Net Cash Proceeds available to be returned to Shareholders is an estimate and will be dependent on a number of factors....."

So, yes, you could lose the lot.

Like I said in my earlier post - pure gamble.

Neil - £2m after costs is an estimate - my quote below is straight out of the RNS, not any articles.

I don't like anyone getting suckered in on these falling knives unless they understand the whole picture and are fully prepared to lose the lot.

Pure gamble

"Accordingly, as a result of these factors, the amount of the Net Cash Proceeds to be returned to Shareholders could be more or less than is currently anticipated and, in the event that the gross amount of cash retained at Completion is less than £5.5m or unanticipated liabilities arise which cannot be recovered, it is possible that Shareholders would not receive the amount anticipated or any return at all."

Good luck to those with big cojones who are buying in. I genuinely feel sad to those longer term holders who've been royally taken to the cleaners here already.

If I recall somebody dumped 150k shares at 5p the other day.

If I hadn't been here for so many false starts Esquimo, I might get excited.

That said, the bid is up and the closing spread is quite tight which might signify a bit of market action.

There's only so long I can live in hope....

GLA

As a long term holder (and also a trader) I can't disagree with the Carolyn sentiments.

The charts - I'm no expert by the way - appear to be trending towards us being oversold, so perhaps there's a small tick up due over the next week or so. Every little helps.

Unfortunately I've added today so I suspect there's more likely to be a further fall.

Good weekend and GLA

I'll keep holding for my £3......

Good weekend and GLA

I did wonder if you were on about that. I don't actually see what progress has been made there since the RNS and placing of 5 May 2021.....apart from blowing Tony's £1m.....hopefully you're not being spun another PR yarn.

Re: volume of buys - I cant say I've noticed that personally, but happy to understand your facts. It's pretty much impossible to tell from the Buy Sell postings, even via the London Stock Exchange data. Additionally Spreadex have increased their holding, so their activity over the last few months will certainly have impacted volumes. And the VWAP, which has a habit of masking what's really going on in the background.....

I've probably been here far too long to see the green shoots though Teaye. It's been endless failure in all honesty and given we've got next to nowhere since start of washed coal production in October 2017 (approaching six years.....), it doesnt fill me with particular positivity that we're looking at investing more money in coal. Didn't we talk about diversification at some point?

Good weekend and, as usual, GLA.

Go on Teaye.

It can't be market sensitive info being released to you by our company, as that would be illegal.

Perhaps cut and past the relevant paragraph from the publicly released RNS and post that, with no other comment.....

The book of excuses was written by Rufus, refined by Alistair and we're now on version 3.....

As long time sufferers here Esquimo, we generally know that no news isn't good news.

We can but hope, eh?

The washer isn't a problem - it's designed to handle up to 10k tonnes per month.

The issue is the stockpiled coal was too wet, so couldn't be processed.

I wish our BoD would stop talking about needing an additional washer and just get on with getting our day to day operations more aligned to a professional company, as opposed to a half bit outfit that seemingly doesn't understand some of the fundamentals of running an open pit mining operation.

We operate in an area that has annual issues with heavy rainfall. Coal that is too wet can't be properly processed and certainly cant be sold on. It doesn't take a rocket scientist to work out what they should be doing.

No change in the bid though?
Looks like the offer has just moved up and widened the spread. Those round number of shares trades (yesterday 20k and today 25 / 50k) always worry me when they are clearly sells.
I'm not getting too excited just yet but as usual GLA and have a good weekend.