Member Info for Sausageonstick

Gosh, predictions for price if they ever got it right. £800k a month you say.

Certainly a lot higher than it is today, but a more important question is does any one believe they can do it? Does anyone believe they can turn this around. Please post either way and lets discuss.

I had confidence when I knew they were giving up the very thing Edenville had systemically failed at, the mining/ selling coal. I had confidence when I knew Tony's £1m was being used to head in a new direction, maybe a reverse take over with £1m in the bank looking at lithium or something else where demand will rise in the future.

Am I confident now they are going back in to the mine, where they failed before? Am I confident that somehow this time they are going to produce 000's of tonnes of washed and processed coal using the same people and equipment? No, not in the slightest. I hope and pray that in the next RNS they answer some of the questions that I have posed (to them via email) because then I'll know they actually want to engage with shareholders.

I guess we will find out by the end of the month.

After today 5 more trading days to get the results out, or suspension.

Will they they publish bad result late on a Friday or good results first thing on a Monday, or as is the norm to publish them on the last legal day they can get away with???

The Mine is currently producing up to 4,000t per month of coal for sale and the Company is seeking to increase production up to 10,000t per month in the near term.

"Up to"........ Producing 1 tonne a month would make that statement valid. You have to understand Edenville's words they push out, they are phrased in a way that protects (their failings)

Since 2017, when Rufus said there was demand for our coal.......................

20 February 2017
Edenville Energy plc (AIM:EDL), the Company developing a coal-to-power project in south west Tanzania is pleased to announce a subscription, that was oversubscribed, to raise £2.0 million

27 April 2018
Edenville Energy plc (AIM:EDL), the company developing a coal project in southwest Tanzania, announces a placing to raise £740,000

29 April 2019
Firm Placing and Conditional Placing to raise £510,000

6 September 2019
Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to announce that it has raised £300,000

23 January 2020
The Company has raised £700,000 (before expenses)

8 June 2020
Placing to raise £500,000 at 0.04p per share

22 July 2020
Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania (the "Project" or "Rukwa"), is pleased to announce that the Company's subsidiary Edenville International (Tanzania) Limited ("EITL") has entered into a US$1 million Loan Agreement (the "Loan Agreement") with its strategic partner Infrastructure and Logistics Tanzania Limited ("ILTL" or the "Lender").

5 May 2021
· Proposed strategic investment by Anthony (Tony) Buckingham of £1.00M as part of a £2.48M (before expenses) Placing, which includes participation from the Company's substantial shareholders of, in aggregate, an additional £1.05M

14 January 2019
As stated in the announcements made on 6 November 2018, 17 December 2018 and 20 December 2018 the net proceeds of the US$750,000 Initial Loan from Lind are being used by the Company for a number of purposes. This includes the purchase of a second excavator to open up the new mining area to the north of the current excavations. The Company is pleased to confirm that this second excavator has now been acquired and together with the existing excavator and four additional hired haul trucks, is in operation at the Company's Project site.

30 January 2019
today announces a non-underwritten Open Offer to Eligible Shareholders through the issue of up to 515,915,456 new Ordinary Shares at a price of 0.12 pence per Ordinary Share on the basis of 1 Open Offer Share for every 3 Existing Ordinary Shares held on the Record Date (the "Open Offer").

15 February 2019
In addition, the Company announces the results of its Open Offer to raise up to £619,099 which was announced on 30 January 2019 and closed for acceptances, in accordance with its terms, at 11.00 a.m. on 14 February 2019. The Company announces ......... raising gross proceeds of approximately £62,418.

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LOL - I remember that !! Abject failure £62K raised, they wanted £619K
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1 April 2019
Between 1 January 2019 and 26 March 2019, Edenville processed approximately 17,760 tonnes of ROM coal, producing approximately 3,116 tonnes of washed coal to customer's specifications and approximately 7,992 tonnes of fine coal. In 2019 to date, approximately 3,510 tonnes of coal have been sold and shipped, the majority being washed coal.

14 May 2019
In recent times Edenville has only achieved modest levels of production and as such the inventory of washed coal has been exhausted. The Company has been able to sell all the washed coal it has produced to date and believes the current contracts which are in place for circa 8,000 tonnes per month in aggregate, will be able to be satisfied from opening up the northern mining area. From recent enquiries received the Company believes there is a potential broader market for in excess of 10,000 tonnes of washed coal per month

18 July 2019
Average daily washed coal production is increasing, with 730 tonnes produced from 1 July to 15 July 2019, including a record daily production of 102 tonnes of washed coal on 15 July 2019 from a single shift.

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102 tonnes a day!!!
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21 August 2019
Edenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to announce it has taken delivery of two recently acquired 30 tonne trucks to be used in mining load and haul at its Rukwa Coal Project (the "Project") site.

29 November 2019
I believe the Project has the potential to supply in excess of 25,000 tonnes per month to a range of industries

11 December 2019
Two New Coal Supply Contracts Signed for up to 9,000 tonnes per Month

Wed, 31st Jan 2018
The Company's wash plant and associated equipment is currently running at a throughput of 30 to 40 tonnes per hour, operating six days a week for 8 to 10 hours a day. Edenville is therefore in a position to process 8,000 to 10,000 tonnes of mined material per month.

27 February 2018
The Company has now signed a one year contract with an East African industrial user for a minimum 2,000 tonnes per month with favourable payment terms. In addition, the Company is pleased to have commenced production on a new order for 4,000 tonnes of coal for use by a Tanzanian customer.

22 August 2018
Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has signed a contract with an East African industrial group (the "Customer") for the supply of up to 4,000 tonnes of coal per month on the terms set out below: · The contract duration is for a period of two years;

8 October 2018
Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has signed a contract with an industrial customer operating in East Africa (the "Customer"), who is part of a global manufacturing group, for the supply of coal on the terms set out below: · the contract duration is for an initial period of two years;

9 October 2018
Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has signed a significant contract for the supply of a specialised coal product. The customer, an industrial group operating in East Africa, will use the coal as part of its manufacturing process. The terms for supply are set out below: · the contract duration is for an initial period of two years;

So many contracts signed in 2018!!

30 March 2017
The Company is pleased to announce that mining has commenced at the Rukwa Project site and the crushing of several hundred tonnes of coal has already been completed.

Fri, 19th May 2017
The Company is please to announce it has signed a Letter of Intent ("LOI") with a customer to supply coal.
As part of this the Company has completed the purchase of two key machines to carry out loading at the mine site. These are a Volvo EC300D excavator and a Volvo L120G loader. It is planned the excavator will carry out in pit mining, whilst the loader will predominantly manage the stockpile area.

12 July 2017
substantial interest has been shown from prospective purchasers of our coal.

25 August 2017
In addition to the Company marketing the coal, we have an agent actively exploring new client possibilities in the region, including in Kenya, Rwanda and Uganda.

29 August 2017
The Company is pleased to announce that it has entered into a marketing agreement with a UK company (the "Agent") with links to African energy and commodities trading. The Agent, which has been sourcing possible customers for Edenville's coal, wishes its identity to remain confidential at this time for commercial reasons.

Tue, 10th Oct 2017
Edenville Energy plc (AIM:EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has entered into a Coal Offtake Agreement (the "Agreement") with Riftcot Limited ("Riftcot").
The Agreement is for Riftcot to purchase, at a recognised commercial market price, up to 75 per cent of the Company's Rukwa Coal Project's yearly production and will run for an initial term of five years commencing in October 2017.

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So the Riftcot deal should still be in place if it lasts for 5 years from Oct 2017 - I doubt it is in place

I'll look at other years, but Edenville have suggested so much and delivered what?

This is taking a bit of a hammering over the last days or so

As predicted, a placing.

I wonder how this further dilution will be given a positive spin by the usual suspects on twitter.

Two 'large' (relative to usual trades) grey trades, someone forward selling £47K?

If we get more of those sells without any buys we are defo heading for 10p

"Nextgen is a newly formed special purpose vehicle established specifically for this venture. The principals behind Nextgen are the founders and owners of Tuxford Haulage Limited, a specialist logistics and haulage firm based in Tanzania that has been in operation since 2017.........We are very pleased to have entered into this agreement with Nextgen, whose owners have extensive experience in the coal sector"

Maybe their experience was limited to hauling coal, rather than digging it up, washing it and selling it.

You are right thought, they may have got into the mine then realised it wasn't for them.

10p target for me, whilst the silence continues.

7.5p target if the results are dire.

5p target if they need to place.

I may not have got the end of the month right, but so far I've got the price falling again and again spot on.

...we will be at 10p within a few minutes.

I just don't get the silence, I really don't. Most BoDs would want to get positive news out as the share price plummets (21p to 13.5p in a month is a plummet in my book), here they seem to have adopted a head in sand approach to comms, in my opinion.

8 days until suspension.

I said it yesterday and I'll say it again today, we are supposed to have cash which suggests no placing but too many unanswered questions that I'm sure edenville know the answers to but fail/refuse/ don't want to (you choose) answer

Although the recent RNS states

"To this end Edenville has already started applying a modest proportion of its existing cash resources towards expanding the Rukwa operations"

Although they state they have cash resources, questions have to be asked

Do these cash reserves that can be spent include Tony's £1m?
Or is the £1m strictly ringfenced for diversification, thus cannot be spent on everyday running costs/diggers/dumpers?
Are they allowed to spend the £1m as stated it was outlined for diversification.
How much is left in these cash reserves?
Do we need a placing for fund production?
Do they need an extra washer crusher to up output to the mythical levels they keep suggesting?

9 trading days until they have to release the results or suspended. In my opinion we will see the results on the 30th June, i.e. they will stall communications until they legally have to speak.

Communicate with the market Alistair and try to change the sentiment before we hit 10p

14p on the all important Bid price, just doesn't make sense why they stay quiet as the price falls again.

Although the recent RNS states

"To this end Edenville has already started applying a modest proportion of its existing cash resources towards expanding the Rukwa operations"

Although they state they have cash resources, questions have to be asked

Do these cash reserves that can be spent include Tony's £1m?
Or is the £1m strictly ringfenced for diversification, thus cannot be spent on everyday running costs/diggers/dumpers?
Are they allowed to spend the £1m as stated it was outlined for diversification.
How much is left in these cash reserves?
Do we need a placing for fund production?
Do they need an extra washer crusher to up output to the mythical levels they keep suggesting?

9 trading days until they have to release the results or suspended. In my opinion we will see the results on the 30th June, i.e. they will stall communications until they legally have to speak.

Communicate with the market Alistair and try to change the sentiment before we hit 10p

Let's see if the horse places, much like Edenville next week then.

Sorry couldn't resist.

It's all falling into place now. I'm guessing the reason why they haven't RNS'd why they feel they can now get more out of the same people and the same machines, whereas they have failed in years before, is because it will all be in the placing RNS.

They will say we are raising £1m so that Edenville can do.....x y z. Then they will explain why they think they can do better now.

Should we expect another Friday 3.25pm placing RNS? Or if we have fallen so much in 2 days Monday 7am might be an option

If there is a placing and we've dropped to 14.5p, I wonder what the placing price will be set at. Clearly not at a premium!!!

I'm afraid that smell maybe a stench as early as next week.

If they raise, it begs the question where is Tony's £1m?