RE: 2 buys in a day13 Feb 2022 23:52
Where do I think they are heading? Now that they have handed over the mine and with it the costs involved, it will really depend on their next move. If they choose the correct acquisition in the correct market sector then things could be positive if completed in the short term. Remembering it's been 10 months since Tony Buckingham's money was announced.
If this acquisition goes on for month after month after month, and/or they pick the wrong company in the wrong market sector then Edenville could end up in the wilderness for many years. And with that the ability to raise funds time and time again deleting and diluting this company.
Continued silence is not good for the share price as Edenville as always been a news driven share. We cannot go month after month after month with no news, only to get an RNS full of jam tomorrow
Edenville needs to start making a profit and by that I mean revenue that covers all the costs with a little bit left at the end.
I know it's been said before that it's make or break time for Edenville, but now the mine has been handed over it really is make or break time for Edenville. They need to make a break from the past, from coal, and into a sector such as lithium.
Time will tell but I hope the silence doesn't go on for too much longer. GLA