Member Info for Sausageonstick

Haha, you do make me chuckle aerial.

The price is dropping and you you talk about China building CFPPs.

Instead of posting on here I suggest you contact Jeff with your concerns.

You can dish me if you want but so far I've called to consolidation and the price drop.

If you have concerns, contact Jeff. Instead of posting thousands of trite comments, isn't it best to just email Jeff with your concerns. Just a thought.

There is an upside, honestly I believe it, but there needs to be some tough decisions that will be unpopular to people but good for the business. One of those us the removal from coal either entirely or just taking a %age from sales.

jeff@ccgoldfields.com

And yes Jeff replied to me.

You can express your concerns directly.

06 Aug 2021 20:19
With no news this will be sub 28p by next Friday.

Today we sit at 27.5p and what buys have we seen to support this?

The price of coal is the price of coal, it's the contract price that Edenville can negotiate that's important.

If the mine is handed over, it's how much %age Edenville negotiate from ITIL per tonne.

You're looking at the macro situation and applying it to the micro situation.

We are down 3.51%, no point discussing the price of coal and China, it's Edenville news we need

All it would take is for Edenville to achieve something they keep suggesting they want to achieve, and then tell the market about it.

Silence continues, and the sells will trickle in with each new day.

Beyond disappointed

When you say "What went before is not in the slightest bit relevant" I'm presuming you are excluding coal and coal mining from that statement, as previously you've said coal (mining) (which has been part of our past) is key to our future?

So when you say "What went before is not in the slightest bit relevant" do you mean coal mining?

Ever since the 9th October 2017 RNS under Rufus Short, Edenville have tried and tried to get coal out of the ground to sell it in sufficient quantities. That RNS stated "The wash plant is now processing material to fulfil requests for coal that have already been made. Management expects production levels to increase over the coming months and are currently targeting production of at least 10,000 tonnes per month by January 2018." Unfortunately, they just can't do it. They chose the wrong area, exhausted all the coal then had to pay to move everything to the northern area. For over three years they have tried to become a coal mine that can produce 10,000 tonnes a month. They just can't get it right. 11 months ago they implicitly acknowledged that by announcing the hand over of the mine. NvS said that for many reasons coal is not the future, and Tony Buckingham is looking at acquisitions. Some of the best decisions in business are toughest decisions to make. If (when) Edenville can get to 3000 tonnes a month (over what time period? 2 months minimum? ) there is a decision to make with ITIL re hand over.

Is it a) bail out of the agreement b) hand over or c) sell up? Coal has given us a past, it's given us an opportunity to have a future, but it isn't our future.

When will news drop?
Producing 3000 tonnes a month, ITIL will want to know that this isn't a one month wonder, so I'm sure it's over at least two months.
Once the 3000 tonnes has been proved ITIL will then discuss what's next, and make their decision. A big decision, this isn't going to happen over night, why would it, they don't have our interests in mind, it's their money their future their decision.
Acquisition; how long does it take to go find, research, meet with, undertake due diligence and do the legals on an acquisition? On the 24th June Edenville hadn't even started exploring opportunities, they had spoken with Tony Buckingham and looked forward to working with him. Heaven knows when the acquisition side will be sorted.

Three big pieces of news, 3000 a month, handover, acquisition, none of which I can being made in August I'm afraid. Edenville have plenty of money to be going on with, and even if they didn't they are not shy of asking for more from their faithful investors.

That brings us to the share price. This is a news driven share, it once upon a time reacted positively to the suggestions made in RNSs, now it has a feeling that the market doesn't even notice the jam tomorrow suggestions being made time and time again. Unless we get news on cast iron accomplishments rather than suggestions the price will drift. We are seeing over the last week or so, now sub 29p and no buying to prop it up. I'm not sure how low this will go before people think it's s buying opportunity, but right now that buying opportunity is lower than today's price as we can tell from Friday. Price dropped no rush to buy in.

Good luck all.

Esquimo, putting few things you say together

Why would they contemplate surrendering now.

And

based on news releases as facts

So when you ask why surrender now, basing it on facts as published. The question has to be why, 11 months ago, did they decide to hand the mine over and not run the mine themselves? Why 11 months ago did they decide to surrender the mine? (As published in several RNSs)

BE54

You have an idea there!!! Maybe I'll contact them and ask, although I wouldn't hold my breathe for a reply.

Aerial, you said "Guess you’ll be claiming you said so when the SP goes up!!"

I do believe this will come good, but we have to

Get rid of the mine, either hand it over and take a cut of sales or sell it
Announce a new investment strategy
Buy another company with extraction licence
Change Edenville's name

C'mon aerial, share the posts on the rainy season. You have them all saved we understand.

With no news this will be sub 28p by next Friday.

BoD need to understand we need the facts whatever they are, and we need them Monday 7am.

"If no Friday RNS they will have failed"

Looks like they failed according to aerial. Facts are facts and simply reading what you state

I love the way you try to divert the conversation away from your posts. Keep going.

I know that facts are facts, that I do know.

Aerial, less than an hour to go Aerial, states "If no Friday RNS they will have failed"

Aerial. If you're honest with yourself, your 0745 post today was done for one reason and one reason only. Trouble is we all saw it for what it was and it got no reaction.

The price slips again. At this point you'll quote how much the bid is up again a certain date. We know that but we need positive news to stop the slide not jam tomorrow statements.