handover...24 Aug 2021 14:15
Positive RNS which the market likes, which is great to see and benefits us all with a higher Bid price. My concerns are that each of the central bullet points has a negative at the end with words like, however, although & but.
Also
"For the next month the Company expects to sell a total of approximately 2,000 tonnes of washed coal, with sales increasing towards 3,000 tonnes a month over the next few months, without including any additional orders."
So the handover which will be discussed again once Edenville reaches 3,000 tonnes a month, won't happen just yet, not at least for the next month and potentially not until the next few months. This means that Edenville remain in charge and historically they just haven't been able to fulfil orders.
Things are looking more positive I just hope this isn't another false dawn.
September will be a big month for Edenville, and I expect Edenville to push to to the 30th September for an RNS. If they say a month they mean the end of month usually.
GLA, let's see if there are any profit takers at the end of the day.