Member Info for Sausageonstick

AimingHigh

0.6 not looking good? I'll take 0.6p as it stands we are 0.16p

Do you think they are going to tell us 1st week of September what the output is?

Agree with esquimo, no chance of getting the £ answer to that question.

The general response is that Edenville will communicate with investors when it wants to or legally must do so.

For me they showed that by not publishing output figures, even if those output figures were 0 they still could have / should have published them. They chose not to. It's shows me a lot how this Board are going to treat us going forward

...another month. Let's see if they are happy enough to give us August's output figures in early September.

Nope, they have never released anything that we could get a rough estimate from

No worries, esquimo no offence taken, all good.

If they new Board were doing communication properly with shareholders, it would issue an RNS to confirm the team had arrived on site, rather than leave it with us wondering whether they were there or still in the bus somewhere.

You already know my view on what Edenville need to buy to satisfy demand. It's not rocket science to work out the single point of failure in the process.

We are starting from a low base re: saleable output of coal from the washer crusher.
The only way is up with the new management

Gone, that was short lived. Obviously decided Edenville wasn't where he wanted to be.

"You stated" you understand exactly what I mean, as does everyone else. If you want to be dumb enough to sit there splitting hairs do so.

If you'd prefer me to say you quoted from an Edenville RNS then let's do that.

Your responses are getting more pathetic with each post.

As with other people that simply here to annoy the rest of us you will go on filter until I choose to unfilter you

Pawn, I Iove it how your alt account always gives you one recommendation. Lol keep going.

So for the benefit of Pawn just so Pawn gets a full picture of the dire finances. Edenville spent £714,373 in the first half of 2022. However,...

"Edenville Energy Plc (AIM: EDL) is pleased to announce its subsidiary Edenville International (Tanzania) Limited ("EITL") has entered into a contract with Nextgen Coalmine Limited ("Nextgen" or the "Contractor") for the operation of the Company's Rukwa Coal Project ("Rukwa" or the "Project") in Tanzania (the "Agreement"). The Agreement is for an initial period of one year from 1 February 2022,.......The Contractor will also be responsible for all operational and maintenance costs relating to the mining and production of washed coal at Rukwa, as well as all taxes, duties and royalties related to coal sales and the licence extension costs."

So from the 1st February 2022 Edenville was NOT even responsible for paying operational and maintenance costs relating to the mining and production of washed coal at Rukwa, as well as all taxes, duties and royalties related to coal sales.

So for February March April May the only thing it spent money on was admin, wages and exploring a take over which the monies involved with the take over were reimbursed.

And Edenville still spent £714,373 in 6 months whilst employing cash burn reduction strategies and paying NOTHING toward the mine for 4 of those 6 months.

Edenville has been hemorrhaging money throughout 2022.

Two months to get it right or a placing will be needed.

Pawn, I beg you to read what you post before you post it.

The burn rate (£714,373) I have been talking about is from the 1st January - 30th June 2022, this period is also known as 'the first half of 2022"

You stated "the first half of 2022 was spent pursuing reverse takeover and other opportunities to add assets to the Company. During this time the Company focused on reducing cash burn"

So the £714,373 for the first half of 2022, is as pawn states Edenville actually attempting to reduce the cash burn!!!! Heaven help us if they didn't put those cash burn reduction activities in place for the first half of 2022!!!!

So they undertook cash burn saving in the first half of 2022 and since then have mobilised a team in Tanzania to increase production, increased their presence and had and increase in energy/ fuel costs.

I'm going to stick my neck out here and say I doubt the monthly burn rate has got any lower in July.

Do we had £515,428 in the bank at the end of June, I'd say we have about £400,000 now so two months before we get to cash in the bank situation that would necessitate a placing.

Thus in MY opinion Edenville have 2 months to get enough revenue going that would stop a placement

Jezzac, I hear you

pawn stated "You keep going on about burn rate as if they're spending the same each month (your fabled burn rate) I pointed out it wasn't so it was investment in plant and machinery"

So pawn you are saying the burn rate between January and June 2022 was for plant and machinery. It's not a trick question Pawn, from what you said in your post, right "I pointed out it wasn't so it was investment in plant and machinery"

I'm off to the train to the cricket, catch you all later when pawn may grow a pair of pawnballs and simply answer the question without swerving it

Looks like the day traders are cashing in.

Come on pawn, did Edenville spent that money between 1st Jan 2022 and end of June 2022 on upgrading the mine, so simple. Is that what you are saying?

Swerved the question a second time.

You stated "You keep going on about burn rate as if they're spending the same each month (your fabled burn rate) I pointed out it wasn't so it was investment in plant and machinery"

C'mon Pawn, we are all waiting for your answer

Don't embarrass yourself by swerving the question a second time pawn. Just type it in and post it