The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
@3.14,
You read like an ancient Greek tragedy. You could have made your money back. Instead, you moaned, groaned and still moan and grown. lol
It's a placing that saved the company so where is the downside? If dilution saved the company from folding how can not having dilution raise the sp?
It's priced in.... if anything the sp should rise further with a successful placing....
@3.14
RNS 4th October 2017 the sp was 0.66 way way north of what it is now.... even so it's old news and priced in.
If it wasn't priced in the SP then these should be a lot higher since the company has been rescued through the placing. Without dilution being priced in this should have risen back to where it was prior to all the recent distressed SP. You'll need to look back at the charts to get what the SP was back then. It's nowhere near that level today.
Dilution is certain since the RNS on 29th April. The GM is just a rubber stamp exercise. It would be priced in since then.
Priced in......
3.14,
It's not the same. There is slight difference. Unknown is when you don't know about something or it's not been discovered yet. Not known is when something exists, you know about it but choose to ignore it and not passed on, for instance.
Both unknown and not known are what's called a dichotomy. This dichotomy was famously enunciated by Donald Rumsfeldt when he spoke of unknown unknowns and known unknowns. So, there is this ambiguity which swings both ways.
I didn't say unknown. I said not known. There is a difference.
All information (known or not known) is included in the current price so the answer to that will be yes. You depend exclusively on fundamentals which are squarely based on past data. You ought to mix fundamentals with technicals to get a clearer picture of where this is going.
You may hold this view LARRY.. but the technicals don't agree with you. The charts are showing recent patterns not replicated in past data. All of which point out a major reversal in EDL fortunes is on the way. Given that the charts are saying this it means broad agreement across the board in the interaction between buyers and sellers showing a major reversal is happening. Once again you are moaning, stuck in past emotional losses to seize the opportunity. I think EDL will prove to be a bitter lesson for you but you'll learn by it eventually and who knows you might even become a better investor for it.
Problem is Larry is consistently wrong. He was wrong when he took out a position thinking this was going north and it nose dived big time. He then sold at a loss and now he is wrong slagging off the stock as it's going north. Therefore, he should just belt up and stop trying to influence people.
Larry why would anyone listen to you now. You've consistently been wrong directionally. Can see you moaning all the way that this climbs north whilst others will be buying on dips. You've turned into a do the opposite you say signal. In that case, I shouldn't discourage you and just buy every time you say sell.
Priced in..... can't believe you missed out once again Larry. You've had so many chances here to win back your losses and even turn a profit. Unbelievable really... why do you bother coming on here?
You'll be in tears if this stock comes good....
The counter party has to buy when someone sells. It's two sides of the same coin. There has been a seller for days now but it hasn't stopped the price rising.
It has to test 0.15 eventually. That seems to be a bit of resistance as well as break through the 0.11 resistance. The news yesterday shows increasing production, clients and discussions with Tanesco still ongoing so that has the potential to come good. The power plant project is still very much on the agenda. By the sounds of it, it never got off the agenda.
Let's see where this goes from here. EDL has definitely turned a corner..... time to get this off the "sucker stock" list with positive cashflow very much arriving....
Catch you all later... time to walk the dog lol
Larry don't tell everyone on here that your negative emotions got the better of your stock picking AGAIN... sorry to rub it in... first rule of trading/picking is: DON'T BE SWAYED BY YOUR EMOTIONS. DON'T YOYO like the markets otherwise you'll go nuts....
Good to see EDL come good again.... sometimes you have to go with your gut feelings and be contrarian. :)
Wonder if Larry got in down there? He would be a case of being the grumpiest stock picker in history after having missing the boat twice...
@3.14
RNS on the 29th supersedes the RNS on 1st April. Therefore, 29th states increased production in several places:
"Moreover, Edenville also expects to be able to benefit for the first time from the additional investment in plant and equipment that was made in H2 2018, whilst also opening up the new northern mining area at the Project, which should collectively lead to a further increase in production levels."
"Access to the additional capital from the Firm Placing and the Conditional Placing will allow the Company to open up the new northern mining area at the Project and increase production levels."
"The net proceeds of the Placing, which are estimated to be £454,200, will be used as follows:
· to expand the existing mining operations at the Company's Rukwa Project, specifically the opening up of the northern mining area; and
· to provide additional working capital primarily to allow the Project to increase plant throughput and generate additional sales of washed coal."
"The most important near-term milestone for the Group will be to open the northern mining area at the Project and increase the production of washed coal."
"the Company is also looking at ways to upgrade the fine coal to a product that will have more commercial value and appeal. Further beneficiation and / or briquetting are two options that are being considered."
ALL the above (in back and white) states increasing production.
Nothing traded here since 10:05 am. Yes, it's POETS day..... go on larry get yourself a handful of these for prosperity.. lol you know you want to......