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Clearly either the market has lost further confidence in Edenville or the general market sentiment has taken this down another almost 5% on top of the almost 14% yesterday.

I'd hate to bang on about something but Edenville need to communicate with the market asap.

Do they know a reason why the price should be falling as it is?

If they can't RNS that, then I guess they do know a reason why it is dropping so dramatically over 2 days.

For me it's just a load of churn going on.

Let's get the churn out the way before the good news starts

Just checking in, down almost 14% and broke through 17p all the way to 15.5p!!!!

I'm expecting a RNS very soon to explain!!!

What amazes me is that they must know why they think they can get it right this time, and it's not the price of coal. However, they just won't communicate those reasons with the market. This seemingly, in my opinion, head in the sand approach to investor relations is killing the share price. The end of the month is 2 weeks today, publish the results and tell us why you took the mine back (not the price of coal). No results and we are suspended.

Surely they didn't take the mine back on a whim and a prayer?

Feels like some churn going on at the moment, plus the market is a little upset today it seems

17p by the end of the month.....19 May 2022 16:30.

Although I thought it would be by the end of May, after the > 5% drop we are approaching my predicted price of 17p.

If you wan to change that prediction Alistair, communicate with the market and let us know why takin gback the mine is such a good idea.

Good news or bad news , we need it. This uncertainty is killing us, down over 5% and it's only Tuesday.

How much further will Edenville let this fall before it communicates with the market?

Are the results due out by the end of June? If so at least we know there is one RNS coming out before the end of the month

So we need a RNS to explain what is going on.

Anyone emailed Tim asking for clarity?

That will be silence then.

Alistair, we need the answers either in a separate RNS or in the results RNS, but you need to communicate with the market soon. Taking the mine back with no explanation as to why other than the coal price is up, is unacceptable.

Or Monday silence?

They have to come out soon with answers, it can't go on. It's been going on for far too long, the litany of failures, for me, since January 2017 when Rufus said we had interest in our coal.

The results will be interesting to read but I'm more interested in any answers Edenville have to the questions we are all asking

Pawn, I have no idea what you are on about???

I understand "to take advantage of the recent macro changes", but just because the price has gone up doesn't make them any better at getting coal out of the ground. They have for years failed to get coal out of the ground in any quantities that meet the monthly output targets they have sent. So I ask the question, the price of coal has gone up, but what makes Edenville think they are any better at getting coal out of the ground just because the price has gone up??

We need answers to all these questions not jam tomorrow statements.

How much is left in the bank Alistair?

We still need to know how Edenville are going to suddenly get more out of the same equipment and people that have for years failed to hit any monthly output target.

We need to know why they are going back into coal just because the price of coal has gone up.

£1m of Tony's money sat in a bank or worse spent on keeping the company alive. Why has it taken over a year to find something else to invest in?

We need answers

I know people will say the last RNS was only on the 31st May, but we still need answers.

18 May 2022
"Accordingly, 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."

Edenville have taken back control, so where is the Boardroom shuffle and who will go? Based on the below, where Jeff stated about Franco Caselli "particularly as we review additional opportunities following our recapitalisation earlier this year", as they are now presumably staying in coal as they have invested money from somewhere (Tony's money) on a diggers and dumpers I guess Edenville don't need Mr Caselli's energy skills.

25 August 2021
"Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to announce the appointment of Mr Franco Caselli as a Non-executive Director of the Company with immediate effect......Jeff Malaihollo, Non-executive Chairman of Edenville commented: "I am delighted to welcome Franco to the Board of Edenville. He brings with him a wealth of both operational and energy market experience, in many countries across the globe. We look forward to benefitting from his skills, advice and guidance, particularly as we review additional opportunities following our recapitalisation earlier this year."

Alistair has made a great effort, I really commend him for the vision, but the delivery in my opinion has let him down. It's time to clear the desk Alistair in my opinion.

My view is that Mr Caselli and Alistair to seek alternative opportunities.

If they have planned a re-frac, and spent considerable money on it, I'm guessing they had a pretty good idea of the flow rates.

If the flow rates were up there where they should be we wouldn't need a re-frac, right?

So, my opinion is that Edenville have never been able hit any published monthly output target - correct me if I'm wrong.

They tried to operate the mine but could never get production up to the 2,000, 3,000, 5,000 , 10,000 or even 12,000 that I think they said they wanted monthly.

Well over a year ago they decide, threw in the towel, and planned to hand the mine to someone else, that fell through but they found a haulage company that had a spin off and they were going to do the business.

Now, using the same equipment, same people, same knowledge and same experience, because the price of coal has gone up Edenville think they can somehow make a go of it. Same people, same machines, but the price of coal has gone up on the world market they suddenly feel they can do this where for years they have failed. WHAT THE F EC K I N G HELL ARE THEY THINKING OF!!!!!!!!!!!!!

They have bought another excavator (didn't the last one break down?) and three more trucks, so is this the single point of failure? Is this where they think the weakness is? They couldn't get enough out the ground and moved to the washer.

With the price of coal going up suddenly this has resulted in a whole load of extra knowledge being transferred, or extra hours in the day, just because the price of coal has gone up. UNBELIEVEABLE

targeting sales of 5,000 tonnes per month - JAM
coal fines sales also expected to continue and possibly expand - JAM
The Company believes there is sufficient demand- JAM
will enable the Company to take advantage - JAM
is determined to maximise cash return - JAM
expanding the Rukwa operations - JAM (unless they are going to buy that additional washer crusher?)

started applying a modest proportion of its existing cash resources - So is this Tony's money now being spent?