Member Info for Sausageonstick

I'm sure we will find out tomorrow why the price has halved in a month.

And it's not because of this board

That's those people in the MM office that read this bulletin board. They've put a 1 trade through so we write about it on here

"I didnt call anyone out yet guess who is the first person to react ha says it all"

Nobody said you did, but I responded, see point below

"If you really dont think negativity and constant bashing has no bearing on a share price then you are mistaken"

Please tells why you think we are mistaken, what is the connection between anonymous posts and the MM dropping the price? How are they connected? By what process? Is there someone in the MM office reading this stuff and then says Hey SOS posted let's drop the price because they are moaning again?

"18p going 15p coming 10p next s h it or bust tomorrow need I say more its crazy if your a holder ?" I'm a holder but a realist, if the company is not adding shareholder value I'll say it. Other than through consolidation, show me three months where the share price has been higher in the 3rd month than the 1st month.

"hoo its reached my target and by the way I've lost 1000s of pounds Im so Happy" Only gamble what you can afford to lose and you should take the emotion out of your investment choices.

In saying "The bashers on this board have taken the stock down from 20 to 10" why do you believe that anonymous whining has any impact on the share price positive or negative?

I'm a firm believer that nothing on this Board impacts the share price.

MM, make a market and close the spread either way will do

You see, being a realist get all kinds a' bashing.

So rather than bashing, Dawto, what is your take on it? Do tell us what you think it going to happen? Including if you think the results will be amazin/good/disappointing/ s h i t? So what do you think is going to happen to the share price tomorrow.

Rather than bashing why don't you lay your take on things on the bulletin board so we can all enjoy.

They could also publish the results after hours tonight to stop the market moving against it, giving investors time to read and digest he results overnight.

So as you know I'm a realist, I say it as I see it. When Edenville come good I will promote them to the rafters and people will accuse me of all sorts.

So lets look at what we know in the broader picture.

Twitter
Last Tweet Nov 5, 2021, before that May 5, 2021 and before that Aug 20, 2020
So no tweets in 2022, 2 tweets in 2021. No great comms is it?

Website
Still talks about the coal to power project, and states "Progressing rapidly with the Rukwa coalfields project." If this is rapid, heaven knows what would happen if they slow down.

****Please tweet some more videos and photos of what is actually going on in June 2022*****

"Near Term To initiate commercial mining operations at the project. Construction Completed - in commercial production since Q4 2017." Has this not been initiated?

"Near Term To advance the Rukwa Coal to Power Project through its pre-development to construction – Opportunity for the Project to move ahead to development in parallel with regional transmission development." Isn't this dead in the water? Why are they still talking about construction?

*****Please update the website Tim or whoever does it*****

They tried twice to hand the mine over, failed once, success once. They took the mine back after they successfully handed it over citing higher coal prices. QUESTION, just because the global price has gone up for coal, doesn't mean the local economy can support these higher prices, i.e. can local economy afford the higher coal prices - any views on this?

The price has dropped again today but the spread is 14% so has a feeling that the mm are waiting to find out the full results. Time will tell but I'm looking forward to seeing the Boardroom shuffle I'm expecting.

It's got nothing to do with running the mine, it's about publishing the accounts

If they don't publish their results before the close of market tomorrow they are suspended and we won't be able to sell our pittance. Maybe I should put it another way

Publish or get suspended by close of play tomorrow, although I consider that s h i t or bust time.

No 7am RNS, and yes the RNS could come at any time during the day but it looks like they have held on to the results as long as they legally can. Which doesn't bode well in my book.

If there is a RNS tomorrow 7am, what do people think the price will do at 8am?

Up Down or Static?

With the rise are we expecting the results tomorrow?

Now LSE has refreshed and it's 12.2% up, will LSE ever get this right

slowly but surely people taking their positions before the big move up on refrac

Now down 2.44%, like I said dead cat bounce. People getting out as soon as they can as the price lifts.

Those making 5% will be gone by close.

We need the results and the reasons why they think they can get more out of the same re: coal

Is that question to me?

Yes I want out of coal, but it appears Edenville don't agree with me.

So with them now owning, running and paying for the mine I think it bad is they lose their mining licence.

Where I want Edenville to head as a business is way different to where they want to head as a business.

They have cash in the bank, but how much? Have the burned through Tony's money?

We need these questions answered.

Only 2 7am's left before suspension and the price has dropped over 50% in approx a month.

We need to know what is going on

Just had a horrible thought whilst reading the 31 May 2022 RNS

"Additionally, further to the announcement on 18 May 2022 that Upendo Group Ltd.'s current 10% economic interest in the joint venture, which holds the licences governing the Rukwa Project, had been transferred to a 10% direct holding on the principal production licence, the Company remains in discussions with its legal advisers regarding the validity of the transfer and consequences thereof."

What are the consequences of the transfer? Is there any chance we could lose our mining licence?

The Annual Accounts that need to be published, report on the year up to the 31st December 2021. I'm not sure anyone thinks these are going to be positive, but do post if you think these are going to be blinders. They usually have a piece about what's gone on since 31st December.

They will likely put a positive spin on things, so that made me think of the Interims, due in September and report on the first 6 months between 1st Jan - 30th June 2022. So what have they told us so far about 1st Jan - 30 June

3 February 2022
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......supersedes the Coal Mining Agreement with Infrastructure and Logistics Tanzania Limited ("ILTL") and the Sales and Marketing Agreement with MarTek Global FZ-LLC, announced by the Company on 8 June 2020 and 26 August 2020 respectively, which have been terminated by Edenville.

There was limited production of washed coal in January 2022 as the Company focused on the expected handover to Nextgen and concluding the Agreement.

4 May 2022
From 1 February 2022 to 30 April 2022, 610 tonnes of washed coal was sold and 453 tonnes of fines were sold ex-stockpile. Little Run of Mine ("ROM") coal was mined given the period covered the end of the rainy season and delays in the full operational handover to the new contract miner.

The contract mining agreement announced on 3 February 2022 placed the production and operational costs on the contractor and accordingly whilst the Company has not to-date benefited from material revenue generation, its existing cash resources have largely been maintained.

18 May 2022
as announced on 4 May 2022, Edenville has yet to enjoy any material benefit from the contract mining arrangement due to operational issues,

the Company are currently in discussions with NextGen to vary the existing contract mining agreement and are also assessing the viability of bringing operations directly back under the Company's control. Should this be enacted, it is expected to enable Edenville to capture a larger percentage of future sales, either on a contract or direct operation basis. Any changes are likely to be accompanied by a reconfiguration of the Board.

31 May 2022
The Company is pleased to confirm it has reached an agreement with NextGen to terminate the Contract and has subsequently resumed full control of the site and mining operations.

Following the termination of the Contract all mining equipment has been brought back into service by the Company, whilst an additional pre-strip excavator has been added to the fleet. Up to three additional trucks are also being sourced to rapidly scale production

I guess what I'm saying is that if the whole of 2021 was sh i t, then the first half of 2022 hasn't been much better!!!