Member Info for Sausageonstick

So it's been a month since the last update, do we wait another month for the next update?

So what should be in the next RNS (take note Noel / Tim)
1) Output figures 8th November to the 8th December (So next RNS 9th / 12th December?)
2) Management continues to expand the inventory of spare parts at site to minimise future downtime - so have they been successful??
3) The opportunities for longer 12 hour or even double shifts (16 hour) and seven days per week production are being examined - What has been decided AND what has been implemented??
4) including seeking to ensure that on the ground machinery is capable of meeting the targeted output on an ongoing basis - Is it??
5) In addition, the Company has taken possession of two new trucks in recent days, which will be used to transport ROM coal from the coal face site to the wash plant, accelerating the process and ROM capacity - Has it increased ROM capacity??
6) His efforts have thus far also uncovered a potentially significant coal seam, previously unrecognised, which if proven could enable the production of additional coal for several years to augment or replace current production if the quality of coal is higher - Has it been proven??
7) If this materialises it has the potential to improve the quality of the ROM coal and the efficiency of the wash plant over time - has it improved the quality of ROM and/or the efficiency of the wash plant??
8) Company is pleased to have now identified potential customers for fines and will now look to monetise over time - have they signed a contract??
9) The Company has identified a new long-term customer who is willing to enter into a contract - have they signed a contract??
10) Company expects to increase cashflows - has it??
11) Company is taking steps to minimise the disruption by establishing ROM stockpiles over the next two months - what steps and have they been successful??
12) Tendering process has been concluded in the coming weeks - has it concluded? what is the result of the tendering process? Who won? Name of company??
13) Claim for the reversal of the transfer of Upendo Group Ltd.'s 10% economic interest in the local joint venture - what is the impact is this fails or succeeds??

There is plenty of news, whether we get facts or jam tomorrow in response to these question time will tell.

They could always ask Tony to stump up another £1m, but a placing, in my opinion, is now inevitable.

It's now the question as to what price the placing will be at.

It's now also a question of what they spend the money on.

A google search may help you answer that question

Said it for years, Edenville need a second washer / crusher if they want to hit any of their higher output targets.

I don't think Edenville will make enough $$ in the timescales, so I can see a placement to buy the washer crusher when they finally accept the need.

Hammering the same equipment for 12 hour shifts or even double shifts (16 hour) along with seven days per week production is just going to mean parts will come to the end of their life much sooner. Repairs and down time will be needed. It's a single point of failure. You can buy as many diggers and dumpers as you wants, but if the single point of failure fails you ain't producing . If you had two washer crushers Edenville would have resilience if one broke and when both were functioning output would be significant.

It's a no brainer, I won't say I told you so if they decide to buy a second washer crusher, I'll just nod my head knowingly.

...I guess we are all waiting for the update RNS. If Roland can get the wording right then I feel we may start to see some movement upwards in the share price.

Let's just be honest, it's a s h i t update.

The elephant in the room. Underpinning all the mining is the agreement with Brahma Energies Limited. As of now that agreement is suspended and a tender process is needed. Edenville will need to advertise this opportunity, receive the tenders, evaluate the tenders using a published criteria, award the tender then the chosen party needs to mobilise. There is no guarantee that Brahma Energies Limited will win, they might, which means they can get back to it. However, if they don't they have to remove themselves and the new contractor put in place. So the mine is back in the hands of Edenville right now and as they state, they have ensured there is sufficient operational expertise at site at this time.

Edenville talks about 'until such time as a tendering process has been concluded in the coming weeks' So potentially for the rest of November Brahma Energies Limited isn't running the mine.

So let's put a few things together.
1) output of c.100 tonnes per day
2) washed coal production from 7 October 2022 to 7 November 2022, being 1,480 tonnes
3) so that means that from 7 October 2022 to 7 November 2022 the mine was running for circa 14 days

Circa 14 days!!!!!!

So the facts in the RNS
- Wash plant regularly running at c.100 tonnes per day
- Excavator damaged
- Components replaced and operations are back at the c.100 tonnes per day level
- Company bought two new trucks
- Company engaged Alan Golding
- Uncovered a potentially significant coal seam
- Demand remains strong, all the washed coal production from 7 October 2022 to 7 November 2022, being 1,480 tonnes, sold at prices between US$40 to US$45 per tonne
- coal fines of 200 tonnes selling at up to US$20 per tonne
- current stock pile of fines > 60,000 tonnes
- Company has temporarily suspended the previously announced arrangement

The jam
- Company's view that a sustained output of 100 tonnes per day, and higher, is achievable
- Longer 12 hour or even double shifts (16 hour) and seven days per week production are being examined
- Seeking ground machinery is capable of meeting the targeted output on an ongoing basis
- if proven could enable the production of additional coal for several years
- If this materialises it has the potential to improve the quality of the ROM coal and the efficiency of the wash plant over time
- Further work is still required to assess
- the Company look to monetise over time both ongoing production of fines and the stockpile
- subject to the Company establishing a stable production level
- expects to increase cashflows

Anything I missed?

Yel, that sounds ominously threatening???

Why do I need to stop posting?

It's confidence, we need an update to build confidence at this point. Frequent that build on previous RNSs will show direction of travel and progress towards

...SYN to RNS this week rather than next.

.

In terms of removing the condensate the biggest concern is that SYN need equipment that takes a long time to procure, or employ a company that is booked up for ages.

As you say SYN's hands may be tied by circumstance

I'm hopeful of an update this week or latest next week.

I can't see Roland sitting on his hands with any of this in a country that desperately needs gas

They can have my shares for 1.2p each

T72

In Edenvilke's case I work from a position of not trusting them until they can prove otherwise.

Of course we need to know more.

1) The reconfiguration of the production tree.
2) If SYN has identified long lead time items and secured them.
3) How much SYN anticipates the flow rates will increase to.

The lead times on what we need will be crucial for the timescales

Why is it increasingly looking like no drilling in Q1?
"Doubt they know what the final rate will be. They have said as much previously." where have they said this? Or are you just making up like your other claim "They did tell us the plan in the last update." Before you acknowledge"in broad tetms only,"

I can see you going the same way as Novum van Nostrolboy.

Gordon1237,

I realise they said they were working on a plan, but I'm keen to find out
1) The reconfiguration of the production tree.
2) If SYN has identified long lead time items and secured them.
3) How much SYN anticipates the flow rates will increase to.

gordon1237,

Could you cut and paste on this board the plan on how they are going to remove the large column of condensate from the well? As I appear to have missed that, as I'm sure others have too?

...we certainly need a RNS to tell us the plan to get rid of the condensate and the implementation timescales.

I'll predict then that we get a RNS this week then, keep it interesting for the week ahead

You might even make a market