RE: Spot price increase better for renewables12 Aug 2021 09:13
The 'plunging' share price as you out it hadn't got anything to do with coal price going up or renewables going down, it the sheer lack of news and failure to deliver by Edenville's BoDs.
The two July suggestions never materialised, the mine hand over is two weeks from being ONE YEAR delayed, we aren't told output figures in relation to the 3,000 tonnes a months. As I posted recently, I said there was something else blocking the handover, and that is this mysterious 3,000 tonnes that wasn't announced at the time but was slipped into a RNS. Much like the 60 days after hand over to move resources that just appeared one day.
Yesterday's sell, yes less than £10,000 but a sign that those holding 'larger' (and that is relative to the sells we have seen recently) are now prepared to sell. We generally get up to three sells a day, although recent day there was more. There's no buying here to support the drops so people feel it's going lower or not worth it right now. Essentially the market has no faith in Edenville right now
We need news.