Member Info for Sausageonstick

Edenville have put a video up on their Twitter account of the coal mine / processing.

Did make me chuckle when you look at the amount of coal dropping off the end of the conveyor belt, particularly between 30-32 seconds in. Lol!!!

The usual 8-9am trade but this time three sells.

The last TR1 was spreadex I believe

I can't help thinking in the back of my mind about the handover.

It's well over a year delayed, and then the 3,000 tonnes a month before they start talking again about the handover.

I just hope with all the recent activity Edenville don't convince themselves that they have now become experts in operating a coal mine and selling coal. History has shown us they are not.

In the last RNS again ILTL were not mentioned nor any reference to handover. Edenville have a habit of signing up for things and then just never referring to them again in RNSs until investors naturally presume that person/ organisation has sailed off into the sunset.

Have ILTL sailed off into the sunset and left Edenville with attempting to run the mine?

We had our 10,000 buyer, now we dumps of 32,685, 17508 and 25,000.

Spreadex bought in when they did for a reason and will leave once they have fulfilled their objective(s).

We recently had a little spike in the price and now it's is dropping. I'm not sure why spreadex bought in, but I'm sure the price is doing exactly what they want it to do.

Thank you

...small trade between 8-9am turns up again, either a buy or a sell its seems to turn up each day

Either way will do!!!

I think I mentioned Edenville, not the world, but thanks for your concerns

https://www.bbc.co.uk/news/world-africa-59135169.amp

I'm sure pressure is growing on Edenville's BoDs to get out of coal soon

"produced 1,024 tonnes of washed coal through its wash plant, representing an increase of over 150% on the September 2021 figures. "

So I'm making a few assumptions.
1) if it was over 160% they would have said over 160%, so the increase is between 151 - 159%, so let's take it at 155%

If they produced 400 tonnes in the first half of September, a 100% increase would be 800 tonnes so 155% increase is 1020 tonnes. So as far I can see, based on the data, what they are telling us is they didn't produce anything in the second half of September!!! 400 tonnes produced in the first two weeks of September, 155% increase = 1020 tonnes, 1024 tonnes produced in October which is over 150% increase on September.

They didn't say it explicitly, but the data suggests nothing produced in the second half of September.

Nice of them to tell us without actually telling us!!

As I've said before, you have to read Edenville RNSs very carefully.

I still believe they will get output to 3,000 tonnes a month then discuss either or both the options, hand over the mine and take a %age on each tonne sold OR sell the whole lot and get out of coal.

In both cases I'm more convinced that the acquisition they are looking out is not coal related.

...only starting when Edenville gets to 3,000 tonnes a month it looks like Edenville are still running the show for quite a while longer

I was meaning Edenville rather than the world.

I think NvS stated that coal wasn't the future for many reasons.

https://www.reuters.com/business/cop/19-countries-plan-cop26-deal-end-financing-fossil-fuels-abroad-sources-2021-11-03/

https://www.reuters.com/business/environment/what-they-said-about-code-red-un-climate-science-report-2021-08-09/#:~:text=This%20report%20must%20sound%20a,before%20they%20destroy%20our%20planet.%22&text=%22We%20know%20what%20must%20be,for%20countries%20on%20the%20frontline.%22

Although it won't be an immediate stop, the future isn't looking rosy for coal. Edenville need that alternative investment strategy as soon as possible.

All I say is that Edenville published what they perceived to be good news, and have gone quiet again.

They are doing nothing to get back investor confidence, which is much needed

Seemed to be the peak of activity, no 10,000 buy since, unless they start again today??

The frustrating thing is they gave us the first half of September's output figure, but haven't given us the full September output figures, why not??

People on here had been quoting over $100 a tonne, so I hope they are getting more than $16 a tonne, I'm not sure there a lot of profit in $16 a tonne

Let hope Edenville can dig more than 400 tonnes in two weeks, which is the last official output figures, unless you know different Alistair?