Member Info for Sausageonstick

Nothing makes sense, that's the problem. Nothing adds up, the baseline used for output changes so that comparisons are almost impossible. One minute they have $750,000, next they are limiting the purchase of fuel. One minute they have potential customers next we don't hear about any contracts.

I'm afraid the jam tomorrow RNSs just got too sickly to believe anymore.

The open offer RNS was dated 30th January 2019, and the Board haven't taken salary in 2019. So they clearly knew what the financial situation was one day later when their salaries should of been paid but they decided not to take them. People don't give up their salaries for no reason, my opinion is they have held back information that is materially substantive and would of led to even more people being put off the open offer.

We need to know why the fact they didn't take salary wasn't made public when it first happened. If I'd taken part in the open offer I'd be totally pi55ed off now I know this

Rufus has been talking of potential customers since January 2017, it's all jam tomorrow. I've said so many times strip away the jam and look at the facts.

The facts are Edenville have a pile of fines, no more no less.

How many times has Rufus mentioned potential customers / contracts compared to how many contracts Edenville have signed??

Lind $750,000 + £62,000 oo, and suddenly fuel is restricted impacting on output. Total mismanagement in my opinion.

There should be no reason for the BoD to take any salary for 2019, they have milked this cash cow for all they can.

It will be incredibly difficult to get funding with the price at 0.04p, they will need to consolidate, rinse and repeat. No one would go near Rufus if he rinses twice. Credibility in tatters.

You are backed in a corner Rufus, you ignored investors, held on to information, stuck your two fingers up then released a RNS on April Fools Day, of all days. You got your just deserts.

....an open offer @0.02p

...need to get through the placing and if there is consolidation that to, before any of us can be positive. There is a real threat they go to raise a massive amount by massively diluting.

With today's RNS there really is no positives to average down at the moment.

They got a loan from Lind recently, $750,000 + the oo peanuts, and they say they can't afford to fill the diggers with diesel??!!! WTF have they been spending the money on? If Edenville filled the diggers, the diggers dig, the processing unit processed Edenville would have more coal to sell. Talk about cutting y' nose off to spite your face, this is like Richard Branson not filling up planes and hoping to make money. Abject failure, there's a range of things to cost cut, but diesel is not one of them.

It helped me!!!! I'm so angry at the fact he's still in his role.

...1st April update, and you really couldn't make it up.

Apparently it's all our fault for not taking up the oo.

Well Rufus, if you hadn't been taking quite such a salary and giving yourself pay rises then maybe Edenville would have a bit more money in the pot. I hope and pray you don't take any salary for the rest of 2019, you've had enough out of this company to last you a long time.

The target of 10,000 a month was a 2017 target you failed to reach, and you failed to reach it by the end of 2018, so don't you dare suggest now it's a lack of funds that have stopped coal processing, and as such impacted on output. You've had more than enough money poured into Edenville, it takes money and your ability to deliver. I question your ability to deliver and I hope others, including Jeff, are too. You haven't even been able to increase output up to fulfill contractual orders, how long will people wait to get the full amount of coal they need before they go elsewhere?

I'm sure you are a nice fella Rufus, but in terms of output and increasing it to fulfill the 8,000 tonnes a month of contractual orders, you failed in 2017, you failed in 2018, continue to fail in 2019, and yet you still remain in your job. In my industry, if you're such an abject failure at your job you don't last 6 months.

You have failed, and continue to fail shareholders Rufus, wake up, it is time for you to go, it's time for Jeff to have a word.

The only way you are going to raise funds is to consolidate before, then do a massive placement. If you rinse and repeat for a second time your credibility will be in tatters, you know that. You really are backed into a corner, you have tried the escape route of going off to find more coal, but that seems to be blocked at the moment.

It's time to resign Rufus.

..what will the week bring? An RNS or Rufus continuing to stick his two fingers up at shareholders by not releasing any information that he has?

....6 months thing's may pick up, but I say, if

Did anyone else get chosen to test the beta site?

..Sinohydro have pulled out, #kickinthenuts. We urgently need an update on all aspects.

What has happened with Sinohydro?
Output figures
Northern coalfield
24 hour plant activity.
The list goes on, unfortunately Edenville may not.

....has in my opinion, backed himself in a corner.

He heavily suggested contracts and increased output, then the tender got kick into the long grass. He hadn't made any announcement to ease the concerns, we don't know output 3 months after 10,000 a month was supposed to be produced, and was a postponed target from a year before!!! He continues to pay himself a wedge, the PR company get paid and are silent. Anyone actually seen any pr about Edenville?

I'm just not convinced he knows what to do now, other than bury his head in the coal, or run off to some other part of Africa!!

It would be very difficult to offer a discount at these prices and they can't do a placement for less than the nominal value 0.02p.

However if they consolidate and place the whole market would know that are a rinse and repeat organisation, and I'm sure the markets faith in Rufus would be blown out the water. Whereas at the moment Rufus professional reputation is on the rocks, a rinse and repeat would in my opinion finish his reputation off.

Will the next RNS be that Rufus is off to develop another lump of coal somewhere in Africa for £12,000,000 plus is salary? He's been quiet for an awfully long time now.

I agree, consolidation then placement.

But they have to get that positive news out.

At the moment Rufus is just not willing or able to give us positive news. If the northern coalfield is open they should tell us, right? so I can only guess the northern coalfield isn't open.
Has 24 hour mining started? They said that lighting was in place to give the opportunity for 24 hour mining, but that doesn't mean it has started.
Don't even ask me about output figures!!!

I just can't get my head around why Rufus won't tell us news on these things. Output figures good or bad must be known. Either the northern coalfield is open or not, the same for 24 hour mining.

So just tell us Rufus, why all the game playing and two fingers?

I wouldn't be buying in at this point.

My opinion is either consolidation then a placement or placement then consolidation. My understanding is that Rufus has authority to issue up to 2.5bn shares.

There is a complete starvation of news, the oxygen this company needs in terms of news is literally being being starved.

I won't be buying at this point, up to you if you want to buy in against this back drop.

I'm sure there's lots that can be updated, but they haven't

convinces me that Rufus is out of his depth with what's going on.

Thinly veiled threats in the oo, the oo only raised about 10% of what Rufus wanted, but yet no placing or consolidation. Has the market lost confidence in Rufus as much as I have? No output figures almost one quarter into 2019, and we still don't know if Edenville can produce enough coal to fulfill orders!!!! January email said Edenville hoped to open up the near future, and now as we head to the end of March, nothing.

The man is backed into a corner and out of his depth. He's seeking a pot of money to go gravy training around Africa looking for another lump of coal to spend over $10,000,000 on while picking up his monthly salary.

My opinion is that this failure to release any updates is purely down to Rufus sticking his two fingers up at investors that he's now become bored of playing games with, and hence his gravy training exit he is seeking. He should know the output figures and he definitely know if the northern coalfield is open or not. After all it can only be open or not!!!! But yet he fails to disclose any information.

Why? Why does Tim PR remain silent to my requests for answers?

Silence continues