Member Info for Sausageonstick

Greenwolf,

You present the facts. The 10% uptake of the open over says it all re: confidence and the very low average monthly output of 500 tonnes instead of 6000 says it all about the money Rufus has spent on getting machinery in place and people in place.
Now with the rainy season I can't see output rising until the rains have finished.

I'd love to be confident but can't see any positive news on the horizon

Knowing it's going to be 10 months until cash positive does anyone believe the money they have will last 10 months or do people think a placement is coming in the new year? We are already at 5bn shared in circulation.

So nobody offered anything positive? Coal power plant off the agenda and all we have is a mine producing an average of 500 tonnes a month.

If you know different Rufus tell us, if there's no RNS I presume you continue to fail to deliver what you told us over 2.5 years ago.

Yes 2017 RNS

" Our goal is to move our asset into generating positive cash flow in the near-term and to become a key supplier of coal in the East Africa region"

Almost 3 years later!!!! Still we await.

Almost 3 years of abject failure and he still remains in his job!!!! How must has he milked from us over the last 3 years? And he gives himself another 10 months.

....
encouraging
should
the Board believes
should improve
Whilst additional work naturally remains to be done
we are confident

Jam tomorrow folks!!!!

....someone positive facts, not the jam tomorrow stuff but the positive facts that have actually been delivered?

Yes 2017 RNS

" Our goal is to move our asset into generating positive cash flow in the near-term and to become a key supplier of coal in the East Africa region"

Almost 3 years later!!!! Still we await.

I'm a realist, I say what I see. If I see good things I'm happy, if I think Rufus is asking us to grab our ankles then I say it as I see it.

The coal fired power station has gone to rat****.
Output averaging 500 tonnes a month and not 6000 a months as had been mentioned for years.
Rainy season on us. I'm just waiting for the excuses to start!!!

Only another 50% drop and we are back around 0.02p

I'll say it again, there will be a dumb arse excuse that prevents them reaching their target

....it was heading down. The question is how low low Rufus will let it go before he releases the next RNS.

We know Edenville are nowhere near hitting the 6000 tonnes a month, they are averaging 500 a month at the moment. They have given themselves 10 months to do it. So don't expect Edenville to suddenly announce they are at 6000 tonnes this side of Christmas.
We still don't know if the power station will come back and whatever happened to Sinohydro ??
I still believe they will need a second washer crusher to hit target, it maybe this reason they give for not hitting the target. Or that a bag of left handed spanners arrived, it could be anything that Rufus relies on if he fails to meet target.

On a positive truck are now in place.

That should be can't make the 6000

There is no good news on the horizon. Edenville can make the 6000 tonnes a month it needs right now. They have given themselves 10 months to do it, which shows to me they are nowhere near it

27m share sell, clearly they don't want to hang around any longer

If Rufus has given himself until the end of June 2020 to reach that point he will definitely take all the time up until June 2020 to get there. Is Rufus getting paid again or has he still not taking any salary?
There will be plenty of reasons along the way why Rufus can come back and say he hasn't been able to reach the June 2020 target.

My posting said 'at the moment', your reply says that they will be in the position at the end of June 2020.

So my question remains, are you saying 6000 tons a month is impossible at the moment?

So 6000 tons a month is impossible at the moment?

....and the price is down 9.5%, so the market didn't like the results so much.

The take away from the interims going into what I expect to be a news dry period was "Post period end approximately 1,510 tonnes of washed coal has been shipped between 1 July 2019 and 20 September 2019." So that's about 500 tonnnes a month, and they want 6,000 tonnes, then 10,000.

So how low will this drop?

Interims basically said that they are still spending money. Another reason beyond their control reduced production, trucks, but now they hope to increase output.
Havant we heard this all before?

there's always a reason why they don't quite get production up to where it should be.

Even I've lost interest.

I just don't believe Rufus can do it, my opinion is that it's been so long and dyo much money he just cant do it for whatever reason.

I think Thursday for interims.

You can't put new news in interims, so they need to get the news news out, then release

7am tomorrow, Thursday for me. Looking our for production figures