Member Info for pawnsacrifice

james is likely just a trader sold out for his 10 percent . Should have researched james.

https://www-espacemanager-com.translate.goog/zenith-energy-et-ecumed-petroleum-nouveaux-partenaires-de-lesperance-sportive-de-zarzis.html?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Incredibly good update for casp imo. They seem to be really turning things around on the operational front.

I was surprised it was having an effect but if you check the charts you can see a definite reversal since the 10th when the buyback started.
I was putting it down to the relatively low daily volumes here.

Was thinking the same thing. Glad they've initiated it then and hope the buyer was just having a sick day.

Odd not the sort of share I'd expect disappearing posts on.
Must say a little bit disappointed with the sp action recently. Thought yesterday there was some hope of better things. Maybe shouldn't have turned the pc on today.

All gaps don't have to fill only common gaps do.

Good news. Appreciate this is a binary bet but loving the speed of operations.

Agree and personally don't believe the bears need to worry about the sp charging upwards in this market before the next update. Think that may contain the first keys to unlocking value with further updates indicating their word is finally being followed being the ones to move the price(should it happen)

Who tell you what we all know.
Only think I know is that constant knocking of stocks on bb's, esp when that knocking intensifies after any updates does effect the price and I can say that after 25 odd yrs trading just as much as constant ramping does.
Its the main reason we have spikes and horrific turns on aim for goodness sake.

I don't believe someone deserves respect just for getting stuck in a declining stock for a long time Green, it just shows an inability to cut your losses and move on to a more successful endeavour. Doesn't deserve disrespect either and that wasn't intended I was just having the crack after the multiposting last night is all.
Think the main thing that's changed in the last little while is the price of their commodity as the 5 yr chart is showing up and myself with these new pricing dynamics I would far rather they throw their 2.5m into this current mine than go looking for new projects to start from scratch.
Whether they manage to make a success of it with these new higher prices remains to be seen agree there entirely. My position is I'm willing to give them one or two updates going forwards to see how they do as they're extremely cheap marketcap wise and I don't see the price of coal coming down any time soon to spoil their chances.
https://tradingeconomics.com/commodity/coal

"Edenville's Tanzanian operations will now become profitable immediately with respect to any coal produced and sold from Rukwa.
what went wrong?"

Nothing went wrong they did become profitable just not in a meaningful way. Need to up production and sales as the bears have rightly pointed out.
Next few updates have to be key imo and they need to come in quick time as indicated in the last update.

I'm sorry sausage but after your overnight multi posting deramping I no longer trust you. You've gotta go mate..

"Alistair Muir, CEO of Edenville, commented: "Since entering into the agreement with NextGen a number of things have changed on a macro level that have made the economics of Rukwa considerably more attractive. The Company is determined to maximise cash returns in the current global coal environment, especially given the attractive pricing forecast over the coming years. Given its current financial position Edenville now has capacity to expand operations organically and to meet this heightened demand. I expect to be able to further update the market in the near term."

You shouldn't cherrypick quotes Sausage, makes you look a little disingenuous.

The full below quote to me reads that Upendo may well have to make financial contributions to production relative to their share which is a positive going forward I'm sure we'd all agree.

"The Company has also been advised that Upendo Group Ltd.'s current 10% economic interest in the joint venture which holds the licences governing the Rukwa Project has been transferred to a 10% direct holding on the principal production licence (the "Licence"). The Company believes this transaction may require Upendo Group Ltd to make contributions to operations going forward. The Company is seeking formal clarification of the transfer and is in discussion with its Tanzanian legal advisers to understand its implications. The Company will provide a further update once these are received."

I think they were always going to fail. look what their experience was..

"Nextgen is a newly formed special purpose vehicle established specifically for this venture. The principals behind Nextgen are the founders and owners of Tuxford Haulage Limited, a specialist logistics and haulage firm based in Tanzania that has been in operation since 2017."

Put in place before EDL thought they could make money out the mine but now the price has skyrocketed and nextgen have shown - as should have been predicted by holders really - they're not up to the task operationally so EDL get to renegotiate.
Bit mean of EDL imo but that's business and does mean there's likely to be another RNS in quick time with better terms for holders

Agre that's a decent development. Saw these as really cheap but for a good reason.
Taking back control or even sharing profits with their miners in any substantial way has to be a big improvement on prospects for holders imo.

Special dividends?

Agree its good to see non convertible debt but an addendum advising investors it was for drilling Tilapia would have been nice.

No NEW didn't multibag think it went down the pan after investors voted no to an extremely damaging placing that had been heavily forward sold so should have been the shortsqueeze of the century but management had one anyway so getting their friends out the pooh and gutting pi's who thought they'd actually won one.
Glad this one looks different all the same.