Member Info for Sausageonstick

Let's see if it is covid or the rainy season they use as the reason for not hitting the desired output in time

I've said it before, I'll say it again.

Coal is not Edenville's future, it might be it's past, but by their own admission coal is not Edenville's future.

So with China not financing CFPP Tanzania must find other sources of funding to fund an environmentally unpopular CFPP.

Where does that leave Edenville? Currently a coal miner with a historically poor record on being able to dig, wash and sell coal in any sizeable quantities. I am waiting for the interims to tell me if they have DEFINITELY produced 3,000 tonnes a month or if they are still hopeful of doing so. A jam filled interim is not what we want. If we can't get to 3,000 tonnes a month then the handover is in doubt.

Most of Africa is on the red fly list, so how they are doing due diligence to any possible purchase of an African resource company is beyond me.

This sits right on the support level currently, a drop through the current price will take us to 25p and then to 18p based on technicals alone. Caveat to that being issuing a RNS. Only 6 more 7am until the end of the month.

That would be it, would look like either Tanzanian government and/or Edenville are going to have to pay for the coal fired power plant themselves.

Let's see if the chat with Tanzanian government about the CFPP went ahead in September.

.... I said I won't post until Edenville came out with info, but more trades than usual and an over 5% drop first thing feels like bad news on the way.

Is it?
1) placement @ 25p
2) extension of timeline for interims
3) ITIL have broken off the deal
4) disappointing production figures?

Something has spooked the mm today

Back to silence until we know

So the next RNS might contain the following

Edenville can absolutely guarantee 12,000 tonnes a month, but only if Edenville buys an extra washer crusher, ships it half way across the world and spends 3:months tinkering with it.
Edenville have definitely explored acquisition targets but only by Googling them as most of Africa remains on UK red list.
New contracts have definitely been agreed, Edenville just need to find a pen that works to sign them with.

With every possible step forward comes a massive caveat.

There really is now no point posting on here, as such until Edenville publish anything tangible this is my last post on here

.

Sells at bid price, let's see how many sells come through at the bid, but feels like downward pressure building on the share price

I'm not sure what they told Tony Buckingham to part with £1m, but right now without an RNS to confirm facts all we can imagine is that that £1m is going into the BoDs bank accounts as monthly salary.

Surely there must be some positive news that could be shared with the market? Output figures must be known, unless of course, as has historically been the case Edenville haven't been able to increase production.

It just the continual expect, hope, anticipate, possibly, maybe, might be, if it goes to plan, planned for with every RNS. The fact that they keep churning it out suggests that they believe the market is still falling for it, trust me, it's not.

I'd guess that if you look at all the trades back from today to the 6th September, over 90% with be for less than £150 per trade.

You can actually buy at the share price rather than the ask price.

My opinion is that the market / investors just don't believe the jam tomorrow anymore. It's facts we need and the facts given have a negative sub- clause to them.

I've never known a time where there is so little interest in Edenville by the market and such silence from Edenville's BoDs.
Staggering

I stand corrected GW. thank you for clarifying

.... RNS on Wednesday? Or will they keep silent?

My understanding is that no new news can be included in the interims or year end reports. They would have to announce it before if they wanted to include it in interims? Is that correct?

...if anyone has the confidence in what Edenville might be doing to part with your hard earned cash.

I wonder if they have made any developments?

At some point in the next 12 days they are either going to have to give us the interims or announce their delay. Come on BoD which one will it be?

Fully agree there GW. It's been fun niggling aerial, but everyone's health is paramount.

Just to confirm, I'm NOT being held hostage by aerial.

Does seem strange that aerial was here for ages reporting on the price of coal and giving us a running report on the %age increase on the Bid, but then just disappears.

Nope

Are we expecting aerial back this week?