Member Info for Gwynwin

now is the time to move all to a ISA or at least the 20 grands worth just the same as a share but in a Isa the money is save from taxes you can sell or buy just the same as the other as long as you are only investing the first 20 grand. I believe that what is in there can be bought and sold with in the Isa at dealing costs of course but maybe wrong.

No opinion but IWEB £25 to open and 5 pounds a trade no mater what the size of dealing 1 or 1,000 000

That's a profit to me but the smart bit maybe the wealth connection more profit ha ha.

What rubbish India China the States Africa and China building a power station every week burning coal like its xmas and 3 millions saving tuppence in UK, wonders never seem to amaze me.

Sorry not 10 ton but I had seen big trucks turn up every day and unload whatever.

I think that fine coal could add to the pot as I can remember my poor old dad shovelling 10 ton a day into the boiler in a linen mill back home on a 12 hour day.
Stoking it up at night so it could be fired up in early morning to do it all again
Maybe the companies in South Africa are still in the early days as it was in the 50 to 1970,s so could be a lot of use to have a cheap good return coal for the industry’s
Here’s hoping things are about to change for EDL.

Maybe they hit tanzanite millions of dollars worth and they got to agree with the gov how to shift it haha
However this plays out it could blow very soon in or before July.
Just a hunch.

See. See should have been 2.59 million then maybe 6.59 fingers are useless

The extra 3% adds up to 107700 extra barrels at the 5.59 mil but if the 6.59 mil then very good deal indeed so roll on production. At twenty dollars a barrel could be 1.5 million pounds for and extra 150 thousand at the low end no maths please this is only an estimate could be right could be wrong.

Oh I agree the breakdown but we were supposed to have good supplies on hand ? Must have been wrong spares Rainy Season Convid19 and not enough monies in the account was the big one that broke the camels back with spares or parts right behind the rest was normal run of the mill However there is light if we get up and running with the North Side and a good quality product Maybe just Maybe the light will get brighter just my opinion only No Guarntee

"I look forward to providing further updates over the coming months as the upgraded plant becomes fully operational and the Company looks to increase production once the Northern Area is open. As previously disclosed the Directors believe the coal from the Northern Area has the potential to provide greater yields than areas mined previously. We consider Edenville is on track to become cashflow positive within the next 10 months, targeting an initial 6,000 tonnes per month which we consider to be a breakeven level, increasing to 10,000+ tonnes per month thereafter."

That was on 19 Dec 2019 hopefully they have it lost out because of downtime and rainy season causing a stoppage. The contracts may not have started or they had enough to keep he supply until the work begins again.

With the last RNS when Edl had signed up to 9 thousand ton of coal with this new partner and another 3 thousand tons a month.
With a 6 thousand break even then that would make another 6 thousand with profits, this could be a very nice little earner hopefully the company will improve
Sooner than later when the production starts and the parts and washer keeps running the new partner delivers and profits alongside EDL.

Seems we got a tough line to cross 0.21 will need some good news to get a leg over like starting the drill somewhere Spudding somewhere.
Lots of resistance until then?.

Well it seems that the rains of Africa is here in the UK the last three weeks the heavens have been opening up over different regions and coming back around a week or two later but only for the odd hour or half an hour at a time lucky are drains are holding otherwise would be in the brown stuff.

Will it be tomorrow or July 2020 seems like a long waiting game here, surely got to be soon I hope. Want to see what he new broom will do or start of with.
Much of the same as or change of tact 64000 dollar question good bad or indifferent.

I like this slow building on share price should do well when the news starts to flow in August Sept and I mean good news like oil in abundance and testing will take us to Xmas for the results on how many a day production

Let’s hope they do not want to unload the lot one day
But I have a feeling this is not the last RNS this week ?.

Signing of a RNS for this week .

I like it. But did not see the DB info that says sept before oil production.
What does H2 2020 mean second quarter or the second half of 2020.