RE: Edl28 Sep 2021 19:12
Gwyn,
3,000 tonnes a month you say, to put it into perspective, in 6 months they made £27,753. So if they sold the coal for £100 a tonne that means they only sold 277 tonnes in 6 months, if they sold it for £50 a tonne they sold 554 tonnes IN 6 MONTHS!!!!
Figures suggest they can't produce more than 600 tonnes in the whole of the LAST 6 MONTHS, now you are expecting them to be at 3,000 tonnes this month.
It just isn't going to happen, no mention of ITIL in the RNS and we have seen time and time again how Edenville signs up with marketing agency, SinoHydro and others that then never appear in subsequent RNS and we hear nothing more about them. Why is there no mention in the RNS of ITIL?????? (Rhetorical question).
Edenville need a way out of coal and soon, the Tony Buckingham £1m was supposed to help them but they are eating into it pretty quickly if they can only make £27,752 in 6 months. I'm sure Tony didn't hand over £1m on the back of those figures, so there must be something outside of the mine that interests him. It will be shocking if Edenville go for a placing after being handed £1m from Tony.
18p is coming unless Edenville gives us the facts and not the jam