Member Info for Sausageonstick

BE54

Yep, very positive facts in there, a little bit of jam but statement that Monday is the day the mine opens and 1st of September as when it's handed over are all good.

When it says "orders for a progressive build-up of production towards 10,000 tonnes per month."

So 'towards' is not saying 10,000 is the aim, I'm also wary that a second washer crusher is needed, with a long lead time.

Good to see some statements of fact, rather than jam tomorrow. I think everyone here hopes this significantly heads north today, certainly a blue day.

If they knew "Both of these agreements were subject to the agreement of a commencement date for operations with ILTL (the "Commencement Date"), which in turn was dictated by the ability of ILTL to relocate key operational personnel to site from international locations. " i.e. that the mine remains shut due to relocation of key operational personnel to site from international locations, why couldn't they tell us before?

Anyway, I'm expecting a blue day with profits being taken come the close

No concrete news, very little demand, massive supply, aka 100,000,000 dumped, only one way it's going to go.

Weeks until mid-August, mine remains shut

Would be interesting to know why now is the moment to bailed out of Edenville when you're holding at least 100,000,000 shares?

Mine shut for another month of the dry season, although they expect it to open mid-August.

So don't expect any news about production until at least late September in my opinion, 6 weeks after opening.

I wonder what the share price will do between now and mud August?

"The contract mining scenario under the CMA means the historic breakeven tonnages cited by Edenville are no longer relevant, as the Company now expects to be profitable from operations from the first tonne of washed coal that is produced."

Profitable after 1 tonne of coal, when they needed 6000 tonnes before???

Eating into so much of the dry season, another month before they expect to open, unbelievable. Complete jam tomorrow, other than more borrowing at 9%.

I'm only going to be positive when mine opens and begins to produce.

Clarity for sure.

If a mine is shut, why is it shut? What are they waiting for before they can open it up?

That's two for starters

No news, mine shut, price drops.

Is that the reason why the mine remains shut, have they signed up with a company that doesn't exist?? I thought there might be an excuse that the pen ran out, but not a whole company running out on them!!!!!

Abject failure to tell us why the mine stays shut.

My confidence and my opinion of Alistair is at an all time low.

.....until the end of July, it's it's still shut come the 1st August, we may as well kiss goodbye to ramping up production to the break even levels before the rainy season comes, and they use that as a reason to stop producing coal

Could someone tell me the positives, because as far as I can see Alastair has signed agreement that comes into place when the mine open and continues to keep the mine shut. Therefore the agreement isn't actually in place.

They are so crafty with the wording of their RNSs.

...another Friday closer to paying Alistair another months worth of salary, and he sits there offering no explanation as to why the mine is closed.

My opinion of him is lower than my opinion of Rufus, and you all know my opinion of Rufus.

So anyone have any theories on why the mine remains shut?

.....through July and Alistair fails to tell us why the mine remains shut. My opinion is that Alistair's tenure is turning into abject failure. He may have signed an agreement that comes into force when the mine opens, but then he keeps the mine shut.

If the mine is not open by the end of July, my believe is there is something seriously wrong either at the mine or with the financials. They have had long enough to move equipment to the northern pit. If the Tim PR isn't getting paid as someone mentioned on here, then he isn't going to answer questions about Edenville (Tim doesn't answer my emails as he stated in an email that he felt I would post his emails in here) so essentially we have no access to Alistair. You can connect to him on LinkedIn, so send him your views but he won't reply.

Remember, Alistair is taking a salary every month to remain silent. Enough is enough Alistair, step up or step out.

We expect and deserve better from you, from someone that we are paying your salary

Thank you aerial, keep the conversation on the level, away from protected traits and all will be good.

But for now, back on filter as one swallow a summer does not make.

I find filtering really works if you can't agree

Bigeye54, what only work with the ol' sausage?