Member Info for Sausageonstick

...the BoDs have decided to take a pay cut now but the mine isn't producing and operating on borrowed money

.... Edenville thought that releasing RNS just before Easter break means we will forget that they have burned through £640,000 in 10 weeks and that the Board are still being paid. We won't Alistair I promise you that. On Tuesday I'll still be asking you if the BoD are going to talk a pay cut whilst Edenville exist only on borrowed money and have no revenue. You have a think about what you should morally do Alistair. Not a difficult decision.

No RNS today about the Board taking a pay cut.

You work out the number of days between when they announced the £700,000 back in January and when the RNS came out in April. Divide £640,000 by the number of days and get the daily burn rate it's phenomenal!!!!!! There is no justification for the current burn rate producing only 500 tons of coal.

Alistair is not building any trust for me, he waited around a month before he told us that non-essential staff will working from home. Is borrowing money left right and centre because they have spent so much producing 500 tons.

Rufus remains on board but doing what I do not know. I would prefer to have that role vacant when the mine is shut and everybody is working from home. I imagine Rufus is still taking a salary from us.

We need openness and answers Alistair, how can you spend £640000 in 10 weeks?

No but it's a good question.

If the mine isn't operating, non essential travel cancelled, people staying home what is Rufus being paid to do????

Will do the right thing and take a pay cut while the mine is shut down

...... Alistair's talk is cheap but over £600,000 in 10 weeks is not cheap!!!

Ended flat????

I guess it will depend on whether perceive Edenville to have a problem or not. I know my views on that.

We are essentially existing on borrowed money with no source of income.

Watch the price tomorrow!!

But shared can't be issued at less than 0.02p

Haha oh I see, and yes dire RNS

In what way can any of this been seen as the worm turning?

Why has Alistair waited until the 7th April if "This has resulted in all non-essential travel being cancelled since early March 2020, with all non-operational staff working from home."

I've said before, Alistair needs to announce things when they happen not a month later. This impacts my trust in him I'm afraid and being that we are down over 20% I'd say it's had a negative impact on the price.

I'm glad aerial expressed those views, there always appears to be another reason why Edenville can't quite make it good but yet no mention of salary cuts for Edenvilles BoDs??

So I read that Tanzania now has c-19. Does that mean the nation will go into lock down and no coal is mined, processed or sold? Wasn't it break even before the end of this month??

Going to start to get interesting!!!!

. .output figures now rather than guesstimates for the future. The longer Alistair refrains from providing the lower it will go

I've thought that the last 3 placings!!!

Once we get production figures as facts rather than maybes. The confidence is shot here, we all know that, it's up to Alistair to deliver coal and confidence!!!

Need production figures urgently, no jam tomorrow promises just the facts

.....AGM actually happen in light of covid-19?