Member Info for Sausageonstick

... at this point Roland either needs to come out and promote all the good work going on behind the scenes or get an investor relations person in sharpish.

I agree Gordon, and if Roland is too busy, employ a investor relations person to do the job.

Are you expecting production to start this week?

I'm sure there is lots of good work going on in the background by Roland and his team. However, if he is too busy to do promotion himself maybe Roland should employ an investor relations person to do it for him. After all, getting the positives out to the market is half the battle, isn't it, but I guess it would be another mouth to feed.

I guess it will be more of the radio silence from Edenville until early November. If there are no output figures RNSd in the first week of November then I consider us to be deeper in the do do with the rainy season already being forwarded as a reason they may not hit target.

Rufus Short's time at the helm metaphorically knocked the positivity out of me.

These MM's, what are they like?

Esquimo,

I admire your positivity, I really do. As you state yourself production has re-commenced, or they would RNS it.

They have failed to hit any target they have set for the passed god knows how many years. Then all of sudden, are you saying, that over a few weeks in October they are going to bang out 4,000 tonnes of washed processed coal ready to sell?

I admire your positivity, I really do.

Let's begin the chat on production, when Edenville are producing.

£180k is less than 3 months at current burn rate. As I say, placement before year end

I'm at such a loss , it's pointless getting whatever is left out.

I'll likely average down at some point but not until good news occurs, and not before the next placing

I've said it before and will say it again, I'm a realist. If its sh 1 t I'll say its sh 1 t, but when good news flows I'll be the first to shout it.

Follow you where?

This Board thrives on speculation re: Edenville. If it relied on facts it would be tumbleweed for months on end.

Most people are so under water, they couldn't do the weekly shop with what they have left in Edenville, hence no dumping of shares.

We all know what is coming down the track, and to be clear it is not a train full of coal. A placing for me by the end of the year to keep the lights on and that Tony's cool £1m and been p155ed up against the wall.

Placement at sub 10p and price drops to match the placing price.

If they fail to get to 4,000 tonnes by the end of October, they have the rainy season to blame for failing to get to 6,000 by end of April which covers the next 7 months of salary for them whilst they blame the rain for zero revenue.

Like I've said, once Edenville can give me positive facts, I'll be positive.

We could all agree to buy more SYN shares at a certain time on a certain day. Only invest what you can afford to lose and all that

With a 14% spread there's not a lot of takers

BullishB,

The RNS states "final works are expected to be completed shortly, with production recommencing"

Are you suggesting they may produce more than 4,000 tonnes by the end of October? From not producing anything today and recommencing at some unknown point after the final works are finished 'shortly'.

So we wait, until that RNS at the end of October with output figures.

0.75p off of 10p

GW - agree with you. I warned about the revenue sharing deal back in my 16th Aug 2022 15:52
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"the net target sales price for Rukwa coal delivered at the gate of the mine is currently estimated to be between $35-$50 per washed tonne. The revenue share arrangements under the Agreement give Edenville $10 per tonne of washed coal sold at the minimum price of $35 per tonne, plus 60% of any sales revenue above $35 per tonne of washed coal ("profit share")."

So if they sell everything for $50 a tonne we get $10 + 60% of the $15 over the $35, so $9

In total we get $19 if they sell for $50 a tonne, or put it another way 38% or put it another way they get 62%
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Good effort Bullishbearish, but the facts are the facts and they don't make for good reading

"Once consistent production is established and Rukwa becomes a reliable source of coal "
*** So no consistent production and not a reliable source of coal

"Following extensive servicing and repairs on the main machinery and wash plant at the Rukwa site, and the purchase of two additional trucks, final works are expected to be completed shortly, with production recommencing"
*** So production has stopped and needs to be recommenced

"achieve up to 4000 tonnes by the end of October 2022. The targeted production and sales increase to 6,000 tonnes per month of washed coal is expected to take place after the rainy season ends in March/April 2023."
*** There we go, the rainy season gets the blame again. "UP TO 4,000 tonnes" so 1 tonne would satisfy that criteria by end of October then they can improve this to 6,000 for possibly 5 or 6 months because of the rainy season!!!!"

Less than, on average, £10,000 revenue a month for the six month period ended 30 June 2022

If Brahma have 70 transport vehicles (not saying they are trucks) "Brahma are a local mine operator and commercial and logistics specialist having up to 70 transport vehicles on the roads of Tanzania. " why are Edenville buying two trucks "and the purchase of two additional trucks"

Appalling update, jam tomorrow again.
1. Production needs to restart
2. No consistent production and not a reliable source of coal
3. Might get 4,000 tonnes by end of Oct, if they restart production
4. Given themselves 6 months to get to 6,000 and blame the wet season
5. Bought two trucks (£££) even though Brahma have taken over and they have 70 vehicles

Sub 10p coming and a placing before the end of the year. Agree, bottom drawer and at the back of the bottom drawer. See everyone in 6 months.

Let's see what the price does today on the eve of the interims