Member Info for Sausageonstick

And why would this suddenly charge north today I'd the mm didn't hold it back?

3.5 years later from that RNS we e now decided to pay someone to remove the overburden!!! It's unbelievable the amount of money it's taken us to get to the point were we now pay someone to remove the overburden.

Rufus added no share holder value, where is the value that Alistair is adding?

BiB

I've been invested in Edenville for 10 years. If you wanna chat about patience I'm y' person, there's probably only two or three other been here as long as me.

BiB

You haven't been invested here long have you? You'd know that Edenville's share price is very much positive news driven, it doesn't do a lot of rising sharply on rumours, it rises on facts that are released via RNS. To be fair there was a time when someone found a picture if Rufus in a meeting room with another company, the share price went up and Edenville were forced to our out an RNS to explain the picture. Other than that it's also been driven by news.

With the uncertainty over Lind wanting their money back 7 weeks today, waiting another 3 weeks to find out the solution will cause huge uncertainty over Edenville's existence.

You may mock, but you can't hide from the fact that Alistair has got to sort this out or Edenville will be paying monthly interest to two parties neither of which it can afford to do in cash.

You may not think it or believe it, but the financial position of Edenville is at a tipping point.

.

As mentioned before, if Edenville say it's going to be the end of the month, then they will release the interim result bang on the end of the month. We have another 3-weeks without news.

"Over the past several months Edenville has received significant formal interest from several companies for long-term coal supply. As a result, trial shipments of run of mine ("ROM") coal have been transported to customers in order to determine appropriate logistical, quality and quantity parameters. Commercial rates are being paid for the delivery of this coal.

Consequentially, the Company has taken the decision to move the project to the next stage of development, which focuses on the commencement of commercial mining operations and the acquisition of a coal processing facility. It is planned that initial mining will commence in Q1 2017. This will focus on stripping the overburden and the production of a ROM coal stockpile. In parallel, a suitable coal wash plant is planned to be established on site."

Sound familiar, that was 3.5 years ago and still Edenville can't produce enough washed coal to satisfy any orders. In fact it took them approximately 3 years to work out that they pretty much couldn't increase output and that they have to hand it over to ILTL.

Now we have the funding problem, god help us!!!

I'm not reading any of these esquimo and aerial posts, but it does sound like that he either needs to come out and apologise, or he's going to come out with a post full of offensive abusive name-calling!!!

I know which one I have my money on!!!!

Some people have been busy

.....how much will it go up tomorrow?!?!?

C'mon aerial, just a few apologetic words, one of which would be 'Sorry'

You've got to hand it to GW, he's got you in a corner, you could apologise but I bet you come out with a torrent if abusive language. You're in filter so I won't ever see it either way

150 something £ bought today, you can't escape the truth, no one is interested in buying big amount of Edenville

It's not often Norrab and I agree, but with the burn rate seen the administrative expenses of the accounts with very little money coming in and US£580,000 owed unless Alistair plays a blinder, we might all be lighting our Christmas Day fires with our share certificates.

Those that loan money, make their money on the interest that's gets paid back on top of the capital repayment.

There must something seriously wrong then if Lind want to call in the debt early, a loan that would have made them money through until June 2021 as interest would have been paid.

So for me there's either an issue...
1) on Lind side
Or
2) on Edenville side

That's kind of obvious, right

So Edenville stated "Edenville notified Lind that it wished to make the July, August and September" so the must have told them sometime before the July payment that they planned to pay July August and September, that's obvious right? You don't miss July's payment, default then say we'll pay in shares. If you default you default, so they would have told Lind before July payment date. Why were we not told???

Because Edenville wanted to pay Lind in shares for three months, the mine is still not producing enough sales, I think Lind saw the writing on the (toilet) wall. Edenville are simply not making enough to pay the loan, and Lind's view is that in the short run they would only get shares when cash is what they need, yes they could sell the shares but the price has never gone up and dumping their shares would take the price lower when Lind took the next month's payment.

I do feel Lind are worried about Edenville paying back the loan. The solution being borrow from ILTL or dilute further and raise funds.

If we borrow from ILTL we are in there hands, if they don't produce enough Edenville default and hand the mine to ILTL, a very dangerous place to be in

JMT

Again a contractual issue. You are right the monthly payments can be paid in shares, but what does the contract say about when the loan is called in early?? We don't know

T72

Yes assuming they can call it in, but I'm presuming they wouldn't call it in if they knew they couldn't call it in. I'd also assume that they were wise enough to put a clause in the contract to say that they could have their money back at any point that they decided.

We have to find US$580,000 by 30 November.

We can either borrow it from ILTL
Or we can sell enough coal to make US$580,000
Or we go bust

It no more complicated than that

....on funding, whether we can continue or not, the buys are going to be limited. It doesn't matter now about the coal today, it's all about the funding and being able to continue.

Sorry if that sounds brutal, but Lind want their money back Edenville need to negotiate a solution. But not paying it back on the 30 November isn't a great idea. Someone said Lind hold all the cards and they do. It's now up to Alistair to sort out way out

...in funding now, people are underwater, not selling and no one wants to buy.

I've filtered the Chuckle Brothers again tonight so I have no idea what they post in the morning.