Member Info for pawnsacrifice

Sausage is unable to understand that stating that stating..
"You keep going on about burn rate as if they're spending the same each month (your fabled burn rate) I pointed out it wasn't so it was investment in plant and machinery"

Isn't the same as stating all cash spent for the 6 month period was for said investment it merely correctly stated that sausage couldn't extrapolate his "burn rate" going forward on those no's as a proportion had been investment in plant and machinery to prepare for production.

Your head still telling you you're posting for everyone else sausage?
"C'mon Pawn, we are all waiting for your answer"

You post for yourself alone mate.

Waiting on your answer sausage.
Is that what your head is telling you i posted?
Don't swerve yes or no will do.

I never once stated that sausage.
Is that what you have convinced yourself I said ?

yes or no will do.

You make me larf too Sausage. Tell me do you really beleive they did all those upgrades and bought new plant for free?
I'll give you a clue as to the answer..


It's either

Yes

Or

No

Why would I swerve a question I've already answered below?

You keep going on about burn rate as if they're spending the same each month (your fabled burn rate) I pointed out it wasn't so it was investment in plant and machinery and believe I've proven my point with the below..

"Following the termination of the contract all mining equipment has been brought back into service by Edenville, whilst an additional pre-strip excavator has been added to the fleet. Up to three additional trucks have been sourced to rapidly scale production."

Now the investment in plant and machinery has been made they can move forward with production and their burn rate can be discovered as they do so.

Thanks sausage, appreciated.
" My own belief, not we but my own"

suasage if you take the time to read the RNS's you'll find thats fairly old news and relates to the time when they had a contract agreement with Nextgen.
That contract was cancelled due to Nextgens failure to deliver and the co. took control back..

"The lack of progress by Nextgen culminated in the announcement on 31 May 2022 that the Company had reached an agreement with NextGen to terminate the contract. Following the termination of the contract all mining equipment has been brought back into service by Edenville, whilst an additional pre-strip excavator has been added to the fleet. Up to three additional trucks have been sourced to rapidly scale production. Our initial goal is to satisfy existing demand from local customers of 1,500 tonnes of washed lump coal product and 500 tonnes of coal fines in the immediate future, targeting sales of 5,000 tonnes per month of washed coal late in Q3 2022, with coal fines sales also expected to continue and possibly expand. During the first half of 2022,
9,466 tonnes of ROM coal has been mined.
We believe there is sufficient demand based on the Company’s order book and recent discussions with potential customers to sell any coal that is produced at Rukwa. The Company is also exploring the potential of exporting its coal for the first time, given margins would be expected to be even greater"

As can be seen it wasn't "cashburn" it was investment in plant and machinery ready for this uplift in fortunes.

It wasn't their burn rate it was money spent upgrading and buying plant ready for production uplift.

From what you know sausage not from what "we know."
STOP TELLING US WHAT WE KNOW.

No you wouldn't. You'd have hated that.You're a hater and despise the fact its known that they have washplant capacity of 12ktonnes/month already.

Its not "us asking the question sausage its "you."
Will you please tell us why you keep pretending to talk for every one else.
Sure we'd all like to know?

Below quote was from their finals..
https://edenville-energy.com/pdfs/A06-Edenville-Energy-plc-FINAL.pdf

No reason to believe they won't imo. As we know they have peak washplant capacity of 12,000T/month and have been investing in the required plant this year.

"Edenville’s growth strategy is focused on the continued development of its mining operations in Tanzania by tapping into opportunities to leverage of the current high demand for industrial coal in Tanzania and East Africa and from the high price of export quality coal alongside the planned development of a mine mouth power plant at the project site which will sell electricity to Tanesco and the East Africa Power Pool.
The near-term objectives are that, after the the mutual termination of a second coal mining agreement this time with NextGen Coalmine Ltd, the company has taken control of mining operations and started to use its current capital to invest in the equipment needed to boost production towards peak wash plant capacity which has been advised is excess of 12,000 tonnes per month."

Interesting report. Sounds very much like the new export contract is a gamechanger for them. Big increase in revenue/tonne but they could very much do with it being extended into a long term arrangement.

Theres a gap between 16-18p. Would be highly surprised if it dropped lower than that.

End of 2023 is quite some wait. Do believe in one of the recent podcasts colin said "sometime" in 2023 so he's been fair on the timelines imo.
Going to need a lot of bitcoin mining to keep the market interested for another 18 months though if the pipeline is to take that long.

Bought a few more on the back of the divi comment (that and the foresight of hedging short term coal ahead of the russian influence).
Planning to repay the listing price in dividends next year. Quite the goal and heck of a yield at todays price.

Impressive divi planned for next year.
https://www.youtube.com/watch?v=V9KxKxYUa50

Thanks Evan, appreciated is good to have a no. at all. Would give 15 BTC/Q which isn't to be sniffed at for
additional cashflow imo.