Member Info for GreenWolf

WhaGwaan - I'm not sure it's quite that clean cut. The 11 Dec RNS states that they will be transitioning to SPAngel, subject to the normal regulatory processes required, so I don't expect there to be an issue. Northland has c20 companies so it's not just us. GLA

Greendave - I said "reasonable market pump" - you've assumed incorrectly that I was on about pump and dump. You know what they say about assumption.

Greendave - where did I mention "pump and dump" in my post exactly?

Vulcan - in my experience with previous CW "investments" there is undoubtedly a reasonable market pump due at some point, so certainly worthy of a punt at these prices. GLA

Ironic - but this was the best thing since sliced bread according to you last week.

Ironic - I'm not holding here but why the significant swing in your sentiments from last week to this? Can you explain please??

Yes, I wonder whether one or two of those people will be here in January....GLA

Setanta - some good points, but never forget that margin is far more important than revenue. Hopefully we can get economies of scale from increased production but also remember a few of us have been here for a very long time and continually taken the jam tomorrow line from Rufus et al. Personally I can't see this going much lower looking at our tangible assets and MCap but I've said that more than once before. Good luck with your investment. GLA

JZD - broadly agree with your figures - and now you can see quite clearly what our commercial issues are. Company's P&L isn't about revenue. It's about margin. From EDL's own published figures, we're currently a net loss making business, which is exactly why we've had to negotiate a loan. GLA

Setanta - I agree with aerial's response to you. Your positivity is commendable but there are a lot of LTHs on here with extensive knowledge of EDL as a company, so sometimes you need to temper the over enthusiasm and avoid the teaching Granny how to suck eggs syndrome. It concerns me slightly that you say you have taken a decent position but fail to understand a fair number of the fundamentals. Surely you would know things like tonnage, Rufus' salary, financial liabilities etc from your due diligence before investing here? It's not my problem of course. The reality is this - we have a company with massive potential (note "potential") being run, still, by a group of mining prospectors that have stumbled on a seriously big deposit of coal but whose ability to both manage the business and the PR side of things is, to say the least, coming across as more and more amateurish. You cannot commercially justify a salary of over £150k a year on a business that is clearly struggling to post a decent profit as it is unsustainable. So how does that come across to IIs, MMs, professionals etc? You see my point. I say it more or less every week - until Rufus can show us that we can operate as an effective, profit making business, we are, I'm afraid, going nowhere and we are on the cusp of saddling ourselves with a decent amount of loan debt. That's really concerning, particularly as we don't have a very buoyant share price that would minimise dilution if we had to issue shares to pay off debt. In summary, if I wasn't already invested here, I wouldn't be investing in EDL - that is a really sad thing to say as a shareholder, but that is how I and probably a fair number of LTHs feel. Let's hope 2019 is finally our year but there are still some rather tall hurdles to overcome just yet. GLA and a warm and healthy Xmas to all.

Larry - so if today's news is good, why hasn't the market reacted? I take your points but it almost sounds like a defence for an incompetent BoD, incompetent PR company and incompetent CEO. The sad fact is we've proclaimed jam tomorrow as a company now for too long and the market simply doesn't trust us. That in itself is a mountain we are struggling to climb. It simply needs a RNS with revised production figures and, dare I say it, some positive operational margins. The market is quite clearly disinterested in anything else. It's surely all about value for shareholders isnt it, unless of course you're comfortable on a c£150k salary.....GLA

Larry - RNS from 14 Aug - this is the whole problem with our comms. How are our PR gurus building trust? They're not and the main losers are us PIs. GLA

3.14 - Profitable operations might be a good start, to get the share price moving. GLA

Sean - it's evasive wording, like most of the RNSs we have had over the past year. It's one of the main reasons there is no trust of our BoD by the market and why our share price is on its backside. GLA

It's also very important you read the company's Articles (of Association) as these are more detailed and specific. Company Law Club just has suggested model articles on it. GLA

If you leave a shovel out, someone will inevitably dig themselves a hole at some point. GLA

Which means it's c5% down on the day. I took a smallish holding in Wishbone last week and agree there might be some mileage here. Honduras is the key. GLA

Sausage - agree with your sentiments. I'm also worried that there is a clear red flag in that RNS - "There is no defined time limit for the review and at present no assurances can be provided that this re-submission will lead to a successful outcome for Edenville." There was no negative tilt at all in the 22 Oct RNS - "Although there is no defined time limit for the review, the Company will provide shareholders with updates on any material developments as they occur." That subtle change in stance worries me. GLA

I think we just need some patience. If Mediclinic didn't want to come back in, they would have offloaded. I get the feeling they will wait until January when we normally get a post close trading update. GLA

....when one or two certain posters appear. Obviously the 5p Virgin bid news earlier in the week hasn't quite had as much of an effect as planned. GLA genuine holders.