Member Info for Sausageonstick

If coal is 100% key to Edenville's future, why are Edenville handing over the coal mine? Why not run it themselves?

There is still a need for coal, but I just see it being minimal or zero part in Edenville's future

If it is placement shares churning, they made circa 32% profit.

Another chunk of 30,000 sold.

A few 30,000's and 20,000's sells gone through, looks like whoever it is churning them is doing slowly but surely.

Yes aerial, as I mentioned, sell out of the mine, cash shell, buy a company which owns licences for whatever they want to extract and there you have it... new company.

If the Tanzanian government haven't played ball with visas etc why stick around in Tanzania, when you're a cash shell they have a choice of what they do and where they do it.

He says it, clearly says it.

Either Edenville will hand over the mine, take a $ %age per tonne of coal sold and walk away having no interest in the mine other than a few dollars per tonne in the bank account each month, or Edenville will sell it all and walk away. It will depend on how much grief Edenville want to deal with or if they want a clean break.

They are looking at other assets, but too premature to discuss.

Looks like South Africa is going into a third wave of covid19.

Coal is certainly not dead, but it's at best a small part of Edenville's future. After all they want to hand the mine over and listen the NvS interview.

This isn't about winning esquimo, it's about being able to put an opinion or a view point on a bulletin board without getting abuse. We all have an opinion, it might differ from yours but it's just as valid. When a few people accept that, this board will calm down.

Esquimo, I have no need to take a more sensible approach. The moderator seems perfectly happy with my posts, I may have a different opinion to you and others on this Board, but I'll continue with my current approach, but thank you for expressing your opinion. It's the mix of opinions that makes this BB so lively

"SoS would take the opportunity to make a more sensible approach to this BB.

Is he buying into the here and now, or is he buying in for the future direction of Edenville or whatever we will be called if/ when we change our name. If we are decreasing in coal or even getting out completely, can't see the name staying the same.

With a 30,000 and a 20,000 sell, looks like the churn has started.

They bought the placing shares at 25p and could sell tomorrow at 35p, or 28% profit.

Lets see have many are sold tomorrow then

It only started at 11am!!! Give them chance, by 1pm we should know

Thank you aerial, you are too kind.

Guessing a placement, nah, already done that and guessed the placing taking place correctly. I'll leave the guess work to others. Lol!!!

Diversification is key. Into what and what country are key here. Edenville have one chance to get this right, they can't keep milking shareholders over and over like have historically done so

Just to be clear, I understand helium was found under our neighbors land, but that doesn't mean it exists in the right quantity or quality under ours.

Edenville turned up and could see the coal, but they had to have a jorc report. The same goes for the helium, we would need it proved we cannot take it for granted we have helium.

If we are going with the theory that Tony Buckingham invested a £million on what we have, then what we have is 173 mt jorc report, a mining licence, a mine and contract(s). That's it.

We don't know if there is helium under the land we have under licence, if there is, how much etc etc. I'm not sure we have a licence to extract helium? Helium might be part of the future, but helium isn't part of what they have right now. Edenville would have to do what helium 1 are doing right now and go and prove it.

So I don't believe Tony Buckingham invested a £million because we have 173 mt jorc report, a mining licence, a mine and contract(s), i.e. what we have, I believe he invested for the future. Edenville might have an idea about what they want to buy, they might have identified potential assets. We don't know, because they rarely communicate with shareholders.

Personally I don't believe Tony Buckingham invested a £1m in coal (i.e. what Edenville is) but more about what Edenville can be.

Coal isn't the totality of Edenville future, it might be part of it by owning the licence of the mine ITIL might operate, or coal could be completely out of Edenville's interest in the future.

My own view is that Edenville will at most simply hold the mining licence while others dig it and sell it. At best they will get shot of it as they have made a complete mess of coal.

9.5 month delay just doesn't make sense

The hand over is 9.5 months delayed.

With Edenville's view on coal I'm beginning to think that ITIL will buy the mine and licences, the whole works off of Edenville. To let Edenville out of the ness it's in.

This would give Edenville additional funds, turn I to a cash shell, announce a new investment strategy and look for rare earth minerals in either Tanzania, but more likely another African country.

He states

"Coal in not the future"
"Coal does not represent the future"
"Other focuses other than coal"

To note the last one, he doesn't say other focuses alongside coal, but other focuses, other than coal

Still feel Edenville, at the right point Edenville will get rid of coal completely and set themselves up with a new investment strategy as a cash shell looking to purchase assets/ companies elsewhere in Africa