RE: Is This A New Dawn For Edenville Energy?13 Jun 2020 12:49
It's a good write up, a good mix of RNS information and new stuff that should have been in the RNS.
I've said it before and I'll say it again Edenville aren't going to do all this with one washer crusher, and finally it's reported that Alistair admits this. In the article it states
"Our plan with ILTL is to build the market to 12,500 tonnes of washed product, then look at how we double that: this would of course mean we would need to look at additional plant capacity."
Booooom!!!! New washer crusher coming. The next excuse as to why they can't hit their targets, plain as the nose on your face folks. I'm guessing they will get to circa 4-5,000 tonnes a month, use part of the loan to buy a washer crusher, or does ILTL have its own washer crusher? Which will take over 6 months to source, buy, ship, build and tweak, unless ILTL have one.
Any way, expect an RNS once the mine is open announcing, as I've always said, they are going for a new washer crusher.
Once open AND producing I may even change my opinion to weak buy!!!!