Publishing output figures?6 Mar 2022 09:44
We know that for three months Edenville published increasing output figures, then they stopped publishing said figures. They stopped for a couple of months and I believed, my own opinion, that Edenville had stopped publishing because the output figures were bad/ lower than previous month's. How right I was. They buried December's 800 tonnes 'because its Christmas' appalling output figures in with the news that the mine was being handed, over albeit well over a year late. So they have history of publishing the good, holding back the bad output figures.
So what do I make of the fact Edenville still haven't released February's output figures? As the new owners are using Edenville kit and people PLUS their own, although they say the mine was handed over immediately, that still doesn't take away the need for the new owners to mobilise their own people and kit. My own opinion on why the figures haven't been published is that they are not really that better, if not worse, than December's figures as all they have had to work with in January is Edenville's kit and people as they mobilise and set up their own kit and people.
If Edenville are actually brave enough to release figures this week I don't think it would make for good reading, but as Edenville have shown, if they don't want us to know bad news they will simply do not publish it, if it is not a legal requirement to do so.
GLA DYOR but if no output figures this week, my own opinion is that the January output figures being held back from us are truly dire.
Hence if no output figures this week we may continue to fall towards 18p by Friday.
I'll be focusing on Oilex this week as the anticipation of the gas flowing out and revenue heading inwards builds.