Member Info for Sausageonstick

I think we can assume, based on the fact they are moving forward with things next week, that the gas flow is positive.

Expecting big news next week, not long to lower your average here!!!

...people are saying, but we just need the facts not the jam tomorrow

We can a zillion diggers and dumpers, my fear is we have a single point of failure that continues to fail, that being the washer crusher.

We need a second washer crusher if we are the fix the single point of failure.

I'm pretty sure output figures for August are already known. They probably have daily figures that just need adding up.

The longer it takes for them to tell us August's figures the less confident I get.

It would be a miracle if we've gone from broken washer crusher needing repairs to 4000 tonnes in a month.

But we can all sit around hoping.

...a 1 trade has just gone through, ready for a RNS tomorrow - lol

More tumbleweed as the price sinks. Need those output figures not silence

It's just a confidence thing, people getting nervous knowing the back story and now having to wait to sometime in September for flow results

To show progress?

Or are you expecting them to go from zero to 4k overnight one night in mid September.

If they came out and said 2500 tonnes and on target for 4000 I'm sure the market would like it, but to stay silent for too long, not good

If we get output figures early September we could begin to move.

If they remain silent on output I fear we still have problems.

I'm hoping some of those red trades are actually buys, if not the price has held up well.

If the money runs out April 2023

Robust balance sheet, debt-free with cash reserves of approximately £9.2m at period-end (31 May 2021: £14.6m). Cash is forecast to be fully utilised by March/April 2023.

But

The work that's been completed during the period means that we will be in phase 1 clinical trials with our two lead programmes in Q1 2023 which is hugely exciting for both the Group and our shareholders."

We will be in clinical trials when we need money, but won't have finished the clinical trials.

I'm guessing that early next year there will be a need to dilute via a placing? Or are people expecting a JV or to be bought out before then?

No impact on price so far

See my post on the 03 Aug 2022 18:00 where I said two months to sort this out or a placing will be needed, so I agree with you GW.

Its a race against time now to get it set up, stop fannying with the washer and get it going full speed to generate as much revenue as possible.

If they place we'll have to go through churn for a few weeks.

.

If he has purchased shares on the open market this is good.
All we can really say is that as he has purchased, Edenville isn't in one of those delicate sensitive periods that don't permit Directors to buy - I forget it's official name = but you know what I mean.

Mr008,

What are you talking about.

You state 10%, then 50% then make some random claim that "This indicates that the amount of the fluit that has been removed as of 18the August exceeds the amount of the frac fluit injected into the well."

How can you you possibly make that statement when none of us have any idea of the quantity of fluid put in, we only know the percentage of what has come out.

Stop with the water chat, my sides are beginning to hurt.

Mr008,

Try again if you're looking for a much cheaper entry price. Starting speculation on this board about water is just going to get shut down.

Anyone checking ASX tonight if there is a RNS???

https://www.telegraph.co.uk/business/2022/08/15/coal-miner-dubbed-worthless-net-zero-world-reports-3000pc-increase/