Member Info for Sausageonstick

5th 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"

So if Tony Buckingham's £1m is in a separate bank account, that left £1.48m. So correct me if I'm wrong, but the monthly burn rate is £100k, from the accounts, is that correct?

So February, 10 months after the placing Edenville will have burned through £1m including salaries for the BoD. We know we are not getting a lot into Edenville as revenue, again look at the accounts and the output figures. So for me Edenville have around £0.5m in the bank, if they are keeping Tony's money separate.

So how long before we get diluted again?

Why the silence?

Why no progress RNS'd re acquisition

I thought Rufus Short was appalling at running the show, but Alistair and Co are, in my opinion, up there with Rufus. How difficult can it be to dig up coal, since we have access to millions of tonnes of the stuff, wash it and sell it in a nation that banned the import of coal? Then tell us about what's going on.

The silence and the BoD are beyond frustrating!!!!

.....be smashed at the moment

We know that the environmental clearance has been given, it' just a case of issuing the approval to OEX post Committee meeting. It will come, and with it I'm expecting details of the restart including timescales.

I'll be buying on the dips in anticipation as can't see us hanging around in the 0.2's after RNS

....by last Friday and it hit 22.5p.

By the end of this week the output figures for January should be known by Edenville.

If they still refuse to issue an RNS for December's and January's output figures, I have no idea where this will drop to. I truly am hoping January's output figures are sufficient enough to hide December's figures.

We now move into the 10 month since Tony invested his money, which was announced by stating in regards to Mr Buckingham "His wealth of experience and broad network of relationships is expected to prove highly beneficial as Edenville looks to add additional assets into the Company as previously announced." No additional assets have been announced, so I have to ask.....

Is Edenville a lifestyle company for the BoDs?

Tomorrow will be interesting with or without the expected RNS. Will it provide another window to top up? Or is it too late, we'll find out at 8 am tomorrow

...... into the bell, last 25 minutes

...I can see a lot of buys going into the last 30 minutes anticipating a full on RNS update on return to production including timelines. RNS or no RNS, this afternoon is going to be fun to watch for us already in here

Will it be 3 RNSs this afternoon?

My own opinion, I don't want to be in coronavirus stocks. The UK had purchased lateral flow tests (lft) from China for as long as they've been available. Again, my own view, but we are coming to the end of lft to the scale that we have historically seen. The lft we have used have been accepted by society, schools hand them out, pharmacies hand them out, people use them, they base their decision on whether to isolate based on these lft, ultimately society trusts them. So why would UK government change who they buy their lft from? Hence ODX sits where it sits today. Will ODX ever get back to £1, I doubt it in the near or medium term.

We have multiple vaccines, that appear via the statistics to show they break the link between infection and hospitalisation/ death. Covid stocks had their smashing days, but interest is fading as the UK moves into just living with it. I've never taken a test to establish if I have flu, I just go by the symptoms, and as restriction reduce, no masks, no return tests for overseas travel, we'll get to a point sooner rather than later where lft are not required re covid. You'll just have symptoms and act accordingly.

I see effort today on twitter, Bel, Big Gib and Mr K all tweeting/ retweeting ROQ.

Are ROQ actually due to release any news soon?!?!?!

......just turned up, 3 RNSs due???? lol!!!!

So there you go. They are waiting for good news before issuing a RNS, hence December's output figures weren't considered as good news. Enough said.

.....I can see them escaping the poor December figures is to give us both December and, if they have improved, January's output figures in one RNS. Hoping to bury old bad info with better info in the same RNS.

If no (December &) January figures are provided by end of next week, my own opinion is production is deep on the doo doo!!!

And knowing we need several thousand tons a month before conversation starts with ITIL about handover, then if production is poor, handover is still further away

He now owns just over 7%, so expect the daily ROQ Twitterarti posts to continue, or dare I say it increase.

His Twitter posts have changed, rather than over and over posting the test tube tweet, he seems to of gone for a softer approach to his messaging.

But I guess still keen for others to buy in to create the momentum for him to get out at his chosen price.

GLA & DYOR

If it just says approval was given we may get a little lift, but if it's a full on update saying approval, the steps forward and the timescales then we should get a bigger lift.

I can only presume that is why we didn't get a RNs this afternoon, that they are now confirming the way forward and timescales. Once all clear then RNS tomorrow maybe

Someone playing the ol' RNS tomorrow card, I'd say

People will want to be in before close, waiting on that 7am RNS

We know it was approved for just waiting on them writing the RNS.

..and this will go crazy.

wait for the herd

Price is up, then down, then up, then.....

Nice churn before the expected RNS