Member Info for Sausageonstick

I see Quint has reformed into a new Twitter handle. He's promoting a few companies to bag and SYN isn't on his list anymore. I wonder if he has sold out and moved on to pastures new?

My opinion is that we haven't hit 4,000 tonnes in October or consistently hit daily output figures that would get us close to a monthly figure of 4,000.

If we had, Noel, in my opinion, would be singing about it from the roof tops.

The RNS when it comes will confirm, but according to the previous RNS Edenville are now aiming for 6,000 tonnes a month from mid-October.

If they haven't hit 4,000 what hope have they of hitting 6,000?

15%!!!!

Yes Callum, that was on the 19th October.

I'm sure, my opinion, that in the two weeks since that RNS Roland has finished that plan and is moving towards the next stage of the plan.

Maybe too early for an RNS but once they have the plan and implementation plan we will hear from Roland I am sure

Could do with a RNS to let the market know what the plan is to remove the column of condensate and timescales involved.

Completely agree BullishB, as I've said before, I believe Edenville's long term future is not in coal. Tony invested, in my opinion, for investment elsewhere outside of a coal mine.

T72, can't see the announcement coming tomorrow, might be wrong but the level of trades doesn't make me think it will happen.

esquimo, I think the question was "when?" rather that what the raise is for. We think we believe what they would use money for, but my question still stands "when the next placing will be?"

* decided not decoded!!!!!!!!!!!!

Someone decoded to lighten their load by 6,000,000 at an almost historic low Bid price, that's gotta hurt, but again gives EspenV and others a cheaper top up or newbies a cheap entry price. I've already topped up and lowered my average. So happy where I sit until next pay day.

I think the key word you use is 'if', my question was more based on what we know rather than what we think might may expected believe think anticipate may happen

Just crossed my mind about money in the bank. What's peoples views on if / when the next placing will be?

16th Aug
"a thorough review of the asset and settled on a contracted output and sales of 4,000 tonnes of washed coal per month, potentially rising to 6,000 tonnes per month from mid October 2022"

So 4,000 tonnes up to mid-October, 6,000 tonnes from mid-October onwards. So the next update should give us the average daily output to tell us if we are on schedule to hit 6,000 tonnes a month.

If they hit those targets this will see blue trades in my opinion. If they fail on the 4,000 tonnes and fail on the 6,000 tonnes there will be a lot of p i ssed off people and down we will go in my opinion.

...the Ask. Kinda has a feeling this may drop further before any rise. The only positive is that it's cheaper to average down/ top up.

And there's the market telling us we need that update. The update is late, we are way passed the middle of October. No output figures means to me they didn't get to 4,000 tonnes.

It's time just to be honest with shareholders Noel, either you did or didn't get to 4,000 by mid-October?

Although not big in itself, a £6k+ buy shows someone is expecting positive production figures I'm guessing

esquimo,

It's the 2nd November. If he was going to chat to us at the end of October he's 2 days late already. This is the bit Noel has to understand. Shareholders have, in my opinion, not been treated the best by previous BoDs. Noel needs to keep to his word in my view, and he's late and no output figures from mid-October are forthcoming.

If they do appear and are 4,000 tonnes by mid-October I'll be the first to sing his praises, but he has to deliver and he has to deliver the facts not the jam anymore. At the moment, there are some fact s in previous RNSs issued by Noel but a lot of jam

Morning Espen,

I'm very confident as well, although I'd prefer not to see these little dips as we see today!!! It means will need a few buys to go through to get us back to were we were at 8am. The market almost tells us when it needs another update from Roland, and I feel a 4% drop is the market doing so today.

Esquimo,
Your 0038 post could have applied in 2017, 2018, 2019, 2020, 2021 and today. We have been waiting for all those things for so long now.

Pressure needs to be applied on Edenville for a RNS that details the mid-October output figures.

Yes the share price should be higher if they have achieved the desired output, but if they haven't I can see more people throwing in the towel with the inevitable impact on the share price.

BullishB

Until Noel gives us an update, all I can do is compare him to Rufus. Both have given us the talk, can Noel deliver? The next update is crucial for the market to trust Noel and Edenville as a company. They said 4,000 tonnes by mid-October, we are well passed mid-October but no output RNS.

I shall be emailing Tim PR to ask him why no RNS,I suggest others do so as well.

12 January 2017
Rufus Short CEO of Edenville Energy commented: "I am very pleased.... Our goal is to move our asset into generating positive cash flow in the near-term ..."

11 October 2022
Noel Lyons, CEO of Edenville, commented: "I am delighted to confirm operations at Rukwa have recommenced....... Accordingly, with the Company expected to be shortly turning cashflow positive on the basis of current production levels and anticipated supply agreements...."

Over 5 years after Rufus talked of generating positive cash flow in the near term, Noel states Edenville will shortly turning cashflow positive. Can't help but feel we have heard this all before.

By that I mean talk is talk and Edenville have been good at the talk. We simply need the facts now, output figures. We are expecting 4,000 tonnes by mid-October and still no output figures as we head into November. I'm sure they know the output figure for the 31 days up to mid-October. If they haven't published them, for me, it can only be for 1 reason, they didn't achieve the 4,0000 tonnes. Unless anyone wants to convince me that they have achieved 4,000 tonnes but just want to keep the news to themselves at the moment.