Member Info for john_z_doe

well all the imo or imho... etc...

Thought I would add a new twist to it...

Sorry Aerial

Just My Take...

Aerial - my post was a bit tongue in cheek.

I know there is always exceptions, but I think if it is a substantial RNS then it would be better coming at 7am and not late on, on a Friday.

JMT

Aerial - Do you mean 4:29:59 on a Friday?? :)

I would be VERY surprised if there is a RNS, apart from the one for "General Meeting to be held no later than 16 February 2019", before Christmas.

It is the RAINY season so it may hit production and RS et al will want a relatively good RNS????

LG - should be simple and easy for everyone to understand

Along the lines of :-

BOD to give up any Salary increase since beginning of 2018

BOD to prove that EDL can pay the 20 monthly $46,350 payment (includes 3% interest)

BOD to give up shares and options and give shares to LIND

NO NEW shares to be issued...

Aerial -you could be correct but then if nothing else it might galvanise the BOD into action????

Potter - I contacted Tim several months ago asking for the cola "production" figures to be updated.

I also suggested that certain parts of the web site be changed so that Tim/BOD can manually change the details without going back to the web designer, but have never had any reply.

This was a way they could save on update requests to the site designer.

Two year contract for coal supply of 4,000 tonnes per month secured - WHEN IS EDL starting delivery????

From 1 July 2018 to 17 September 20,945 tonnes of Run of Mine ("ROM") coal processed, producing 6,186 tonnes of washed coal and 9,523 tonnes of fine coal. Of the 6,186 tonnes of washed coal, 4,947 tonnes were shipped - (about 5.25K tons per month)

Average daily shipments (calculated on a calendar day basis) of coal of 63 tonnes post H1 period, up from 51 tonnes in July 2018 and 23 tonnes for the first half

Plant upgrade tasks nearing completion = STILL NO ADDITIONAL INFO????

RNS - November 23rd 2017

These initial, "test shipments", currently totalling over 1,000 tonnes, are to parties that have expressed interest in placing long-term coal orders with the Company, subject to finalising pricing and quality, that in total could exceed the initial planned output of 10,000 tonnes per month, which is targeted to be achieved by the end of January 2018.

RNS 8th January 2018

In parallel, the Company is in detailed discussions on contractual terms with several of these groups and others on potential orders that total over 10,000 tonnes of coal per month. One group is requesting a regular order of 5,000 tonnes per month, whilst two others are requesting 3,000 tonnes each per month.

A year later and we are still waiting on the 10K per month

Then we heard

RNS 27th April 2018

The Company is currently operating at up to 4,000 tonnes of coal per month and will used these funds to increase production rates in order to fulfil current and potential orders. The balance of the net Placing proceeds will be used for general working capital purposes.

3 months after we had been expecting 10K tons per month???

JZD - 9.627M approx

Aerial you have probably read this before but it does make some sense :)

I like my CEOs to have decent "skin in the game".
I like my CEOs to have had prior evidence of successful entrepreneurship in building a listed business to a multi-$mn MC.
I like my CEO to have surrounded himself with Board members with specialist expertise in particular areas , to add value to the oyverall team approach
I prefer company spokesmen who do not overuse words in the English language that clearly imply a near-term event, when the hasn't got the knowledge to back it up with a deliverable event.

RS has failed on all four counts.

2,950,887?????

Do we need an EGM and if so what are the aims.

Reply Yes/No

Please make the aim point(S) about 10 word points MAX?

Sorry EGM NOT AGM

LG - I disagree to most of your post, but I agree with the main point.

I suggested an EGM prior to the last AGM, hoping that it would spur the Bod into action and they would be more open to SH's concerns and I thought that they had heard us at the AGM, but we can see nothing has changed. If anything they appear to have closed the shutters and baton down the hatches, and just put the SH's completely out of the ring,

Lets see how many on here think and AGM is the way forward, and take it from there?

1M sell and price goes down, 8M buys and SP only goes back to flat????

Aerial - with the rainy season approaching I am not too optimistic on any increase in production being mentioned, as I feel it will fall back over the next 3 months, Mid December to April.

BUT if there is news that they have been keeping back and the SP goes above 0.29p, the price Lind is looking to have 100M shares for, questions will need to be asked of the BOD.

By the way they act and the decisions they take, it appears to me they do not think about the share holders, so in my opinion they act like they do not care about us.

Even after the AGM and all that was said, they have not changed there attitude or the way they work, we are still at the bottom of the pile.

PI - I am not sure that they are required to put out an RNS, as all the details are in the RNS of March 2017. If you go on the website you will see under the Investor relations - sub section - Share Structure it says

"At 20 November 2018- the following share options had been issued and remained outstanding"

Aerial - I am not sure that I agree with your comment

"they know exactly what the situation is?" - DO THEY and more important DO THEY CARE?????

PI - the only "HOLE" in your post is that these involved in the share options would nee to pay 1.08p per share, and who in their right mind would pay so much over the current SP? But then again who said the BOD etc are in their right mind?

Sorry....