Member Info for Sausageonstick

.....week ahead for Edenville.

Output figures up to the end of year should be known by this week, if not I would begin to question the effectiveness of their management information collection processes.

Investors need to know this week if Edenville are able to produce saleable output of at least 8,000 tonnes month. It will be interesting to read about the ROM input, also to read about the amount of fines produced. However it is the amount of saleable output that is needed. If Rufus fudges this figure in any way in the next RNS I will presume that Edenville are unable to produce the required amount of saleable output

The 21 days that Rufus stated in an RNS regarding the installation of the preprocessing unit are now coming to an end. Investors therefore need to know whether this preprocessing unit has been installed commissioned and is being effective to the output of saleable coal.

These two aspects are the bare minimum we should expect in an RNS this week.

....and will continue until Rufus RNSs the output figures and news on the preprocessing unit which should be working by the end of the week, that's your 21 days Rufus

...point telling us how well they've done in terms of input, no point telling us about the fines, as they won't be used for years, the only figure we are interested in is the output of washed saleable coal. It's simple!!!

........Rufus can't come up with any more reasons why they Edenville can't make the 10,000 t/m OUTPUT, is there???? If he comes back and says the fuse is blown on the washer crusher I'm not going to be happy.

Edenville had the 10,000 tonnes target at the end of 2017, then again at the end of 2018. They had a year to sort it all out, and we are here now metaphorically biting our nails waiting to see if they can fulfill the contractual orders.

The clock is ticking on the next RNS

Maybe that should be decimate further!!

It needs to be a full update Tim/Rufus.

Any update on the new coal field application
The lighting for 24 hour operation
The effectiveness of the lamella water clarifier
Is the preprocessing plant now operating and increasing output.
Output figures. It's essential that we hit 10,000t/m, that 10,000 t of saleable coal as Edenville have contractual orders of 8,000 tonnes a month. They have to fill these orders to pay back the loan installments, it simple. If the announce less than 8,000 tonnes then in my opinion it will be dilution to pay back the February loan installment.
Over to you Rufus, squeaky bin time Rufus, you've backed yourself in a corner, you need to deliver on the output, no more excuses. Deliver, or the market will decimate the share price.

Well, 2018 is over and output figures should be calculated in the next few days. Will Rufus be brave enough to publish them. Missing the 10,000 t/m for 2 years in a row will be embarrassing in my opinion.

Agree, only time will tell. Let's see what the first 10 days of January bring in terms of RNSs

Agree aerial, but if we miss the 10,000 t/m for a second year in a row the share price will take a hammering. Which is why I say they have until about the 9th January 2019 the confirm output.

Or celebrating his December pay cheque!!!

I agree with it all aerial, but there always seems there's just one more thing to do. Edenville get close then they need a water treatment, or more money, or preprocessing, or something that stops Edenville achieving

That's the trouble, we don't know what will happen, and I'm not sure Rufus does either.

....that could happen.

With the money they got from Lind I'm still sticking my neck out and saying Edenville will go for a second washer crusher in 2019. The lessons they have learned about the coal, the surrounding mud, the use of water will mean, in my opinion, the buy the washer crusher lamella, and pre processing in one hit.

I think this will happen once the second/north coal field is opened up, once the Tz govt approve the coalfield.

Edde, the management here has not served investor particularly well. Their communication is fragmented to say the least, sometimes 2 RNSs in 2 days then months without any Comms. Management missed the 10,000t/m in 2017, and we wait to see if they can run a company sufficiently to get 10,000t/m by the end of 2018. My confidence in Rufus is at an all time low, and I now strip away any jam tomorrow promises and just see the facts, i.e. it's not working butight be working in 21 days, I just read it's not working.
Having said that Edenville inherited nature's vast deposit of coal, and the coal import ban fell into Rufus's lap. Edenville clearly have people interested in its coal, they have signed contracts (that based on current published output figures they cannot fulfill). It's not a dog of a company but the management need to step up in 2019 if they want any confidence built

..... NOMAD before February.

You said "Seems to be the opposite of dumping at the moment" I'm saying there may be support at the moment but there is a long way to go before I expect to hear news, i.e. end of first week of January. I don't think there will be buying for much longer before the dumping starts. Nothing has changed, unless someone could tell me some facts as to why I should start to trust Rufus?

Sorry, mibo (I hate predictive text)

Mini, you posted 4 minutes after I posted, it's a long way to the end of the first week in January when I expect news on output and pre-processing unit.

.....the rise? Output figures are due in the New Year, but I'm not confident they have hit the magic 10,0000t/m. The pre-processing unitis due to be installed by around the end of the first week of January. If 21 days is elapsed 21 days, rather than 21 working days. There should be an RNS around the 9th Jan updating market on both of these. I can see dumping before then.