Member Info for LeMans07

Good old EDL, despite the SKA rebrand still the same. It gives with one hand, then cuts off both of your feet.

Https://www.insidermedia.com/news/midlands/chamberlin-to-commence-insolvency-process

That you can sell off two properties for millions and a subsidiary for more millions and not pay your electricity bill! This and the previous RNS suddenly switching from ultra-positive to negative indicate that investors are about to get shafted in favour of someone, and we can guess who that will be!

About the story the investors in the placing only as far back as January were told. I am assuming it was the positive "everything's profitable, rising revenues" story rather than the s***show that is this mornings RNS?

I met him once and he didn't impress me. This was just a comfy bit of pre-retirement income for him I think.

That is still annoying me is that £1.7m PAYE arrears that suddenly appeared. I can find no mention of this beforehand and it seems like just as they are reducing the liabilities and putting some cash in the bank, there is suddenly a huge new liability to clear and we are back to square one again. Surely there can't be any more of these?

Not needed at all IMO. Sale and leaseback of both properties completed with only some of the proceeds used to pay off the pension deficit.

Cheap shares for TB and others, averaging themselves down and diluting the rest of us.

It feels like "here we go again" at the moment. Money invested to change the focus of the company.... then.... nothing!. Money is spent on salaries for doing little and is soon all gone and back to being a mining company that can't mine to save its life.

We need some kind of update on progress.

Where did they suddenly find those from?

I hope so. I even resorted to putting some more in here a couple of weeks ago to get my 13 year old average down having depressingly written this off.

That confirms their commitment to the Walsall foundry after the sale and lease back of the property.

I hope that this is nothing to do with the old BMR Kabwe tailings "asset". Any BMR veterans will know to stay well clear of that!

We can't go out because its raining.

It's always raining with EDL.

3Card.... Couldn't agree more!

IN our "Operational" update. It basically says that we are putting more effort, money and resources into legal and financial issues than we are mining and selling coal.

We are a coal mining company that is repeatedly unable to mine coal. It never matters who is in charge, that fact always remains.

That wouldn't surprise me. As manufacturing groups go, it is not really big enough to justify a listing and the costs and admin involved do not really make sense. It would have much more flexibility as a private company, apart from the loss of access to cash-calls to wider shareholder investment.

showed a lot of confidence a couple of months ago, yet we seem to be short of news to back up that confidence?

I lose track of whether we are in the "smoke" or "mirrors" phase of the project. We have had our "daylight robbery" phase and at some point a new one will start with our new audience.

Here we go again :(

Spot on. Stop repeatedly telling us when someone orders coal. Tell us when you have delivered it.