Member Info for Sausageonstick

I'm researching this one but am concerned at the 11bn+ shares in circulation.

Thoughts on consolidation here?

My father loves that movie, can't watch it with him as he quotes the whole damn movie!!!

Ok positives.
We have coal, a lot of it can be used but not all.

Once the fundamentals are in place we will be in a good place.

Once fundamentals in place correctly I'll put my positive hat on

I remember the 3.30pm Friday placing RNS!!!!

Edenville Friday RNSs are never good!!!

We've already done one rinse, let's see if they are brave enough to repeat the 2016 consolidation. It would be quite some achievement if they were to do consolidation four years later.

The reasons for the consolidation were given in the RNS on the 12 August 2016

"The existing ordinary shares of £0.0002 in the capital of the Company (the "Existing Ordinary Shares") have in recent months frequently been trading on AIM at a price close to their nominal value of £0.0002 per share. The issue of new shares by a company incorporated in England and Wales at a price below their nominal value is prohibited by the Companies Act 2006 and so in order to continue the mine and power plant development process by way of the issue of further equity, a capital reorganisation is recommended.

In addition, the share price volumes at which the Existing Ordinary Shares are currently trading mean that a small value transaction can significantly affect the Company's market capitalisation. One or two relatively small trades in a day can result in increased share price volatility that does not reflect the Company's underlying performance. The Directors also note that, at 12,427,060,094, the number of Existing Ordinary Shares currently in issue is an excessive number for a company of the size of Edenville."

Sound familiar?
In recent months frequently been trading on AIM at a price close to their nominal value of £0.0002 per share.
One or two relatively small trades in a day can result in increased share price volatility that does not reflect the Company's underlying performance.

In addition
The Directors also note that, at 12,427,060,094, the number of Existing Ordinary Shares currently in issue is an excessive number for a company of the size of Edenville.

8+bn shares in circulation today, if another 1.5bn are issued to cover Lind we will be over 10bn in circulation.

We all saw through the open offer, "The open offer was poorly subscribed, with approximately 10% of the planned £620,000 being raised." That must have been a kick in the goolies for Edenville.!!!

They gave notice before they consolidated before, and I guess they will if they go ahead with it in the future

We need news or this will continue to drift. Whoever it was that wanted the 0.03p just got it

I can't hear you

....quiet on here today.

Less than £90 of blue trades so far this week. But on a positive the price that sells are going through at is getting higher.

... much more peaceful now

...so I can't see what he posts anymore

You are perfectly entitled to your opinion as am I.

What I object to is people cutting from RNSs and missing out words in order to try to ramp this.

If a sensible course of action is taken in order to pay back lind I'll support it.

If the handover happens and is done properly so that ITIL are in charge of the mine I'll support it.

What I object to is saying that this is all going to go North tomorrow, one day that tomorrow will arrive.

We all know what Mr n is going to do once this starts to go North. He will post on here that he has said it all along for weeks and months of this is going to come good. If he says it every day then one day he will be correct. It's not hard to work him out.

If they issue 1.5bn to pay back Lind then I'm sure there will be consolidation

And your point is aerial?

Aerial

I don't selectively cut from a RNS to tell a story, I'll leave it at that.

No Mr N, we await a RNS re: the fundamentals in place, when that happens then come back and tell how you've been predicting a rise for months. Until then....

It saved you £4 !!!