Member Info for Sausageonstick

How much of the fizzy stuff are we producing now?

........read this, so here's a starter list of questions we need answers. Use the thread to add questions then when, if ever, the next RNS comes they will be 100% clear on what answers people are expecting.

What are the current output figures?
Can Edenville produce enough to satisfy the current 8,000 tonnes a month it is contractually obligated to deliver?
Has the $750000 been paid into Edenville?
Has the output increasing technology been installed, commissioned and adding to output?
Has the extra equipment been purchased with the $750000? The loader/excavator.
Has 24 hour site working commenced, i.e. lights purchased?

Any other questions, add to the list.

...June 2018 RNS.

"Our target is a regularised 8,000 to 10,000 tonnes of production per month by the end of 2018 and although no guarantees can be given that our intended production target will be met in the desired timeframe, with the implementation of the plant upgrade, the Company's Directors believe this is achievable."

They say it, then say no guarantees, then say believe it's achievable. Never have I read a butt covering jam tomorrow statement as that one.

I've emailed Jeff again highlighting his responsibilities

.....I asked Jeff about why BoD didn't buy shares, he emailed me and said "On buying shares on open market we are governed by AIM Rules and insider information. As mentioned in the announcement, we are in the middle of various negotiations. Imagine the problems if we buy shares and shortly after that announce contract, production rate etc etc."

Yes let's imagine Jeff you actually announced production rates, let's imagine because that's all we can do right now.

I would sell up but the pittance my holding is worth means I'm just sitting it out until some company wises up and takes Edenville over. Dangote could have its own coal and mine for £3m, the guy is a billionaire.

Coming soon if they can't communicate.
If they can't confirm output
If they can't confirm technology increasing output

You need to communicate Rufus with shareholders!!!!

...for shareholder intervention. People have given you long enough to deliver Rufus.

.....replied to my email. I'm still waiting. Please don't let the people down that pay your wages.

There's a lot going on. They should have $750,000 in the bank, they've outline what it is for and output should be increasing as a result. For me mid January, if they have not RNS'd anything positive, anything factual to shift the price north, if it's just jam tomorrow RNSs then enough is enough. Mid January emails to FCA, Tom Winnifrith to investigate and a big push for EGM. I know, they know, they have enough friendly investors via all the placings to vote down any resolutions at an EGM, but at least the PR would have to actually work at trying to put out positive content to counter the business pages little snippets that Edenvilles shareholders have called an EGM.

For me the clock is ticking on Rufus. Another wedge of cash goes into his bank account on November's pay day, what has he done to earn it?? What have any of Edenville Board and hangers on done to earn this month's salary???

.....the month in which Edenville 'suggested' they were aiming for 10,000 tonnes of coal output a month, Edenville still sit at up to 4,000 tonnes a month. They maybe producing more, we don't know because Edenville haven't published any updated output figures. We do t know if the technology has been installed and commissioned. They haven't told us if the $750,000 has been received. Jeff hasn't replied to my email, Tim hadn't replied to my emails. Last time they submitted tender papers in Tz they told us, I'm not even convinced they will tell us this time if they submit papers again.

I honestly now don't know why Edenville are paying the PR company, has anyone got a reply from Tim in recent weeks? Or even Jeff? It seems they gone into hunker down mode as per after the 3.25pm Friday RNS a few months back.

How can any potential investors have confidence to invest if Edenville fail to hit targets, fail to increase output enough to actually fulfill orders, if not enough orders go out the door how are they paying back the loan without massive dilution?

Why have shareholders let Rufus takes us through consolidation at 2.5p if I remember rightly, correct me if I'm wrong, all the way to almost weekly new historic lows?

My own opinion on Rufus's performance in adding share price value, abject failure.

... little buys and 2.5m dumped.

They are negotiating contracts so will say they'd love to buy but can't as it's a closed period!!!!

Do tell us what we are all missing?

.

As much as an EGM would be a slap in the face for the board, in sure Rufus has enough mates that he's get placement after placement away with to vote any reduction down.

The FCA on the overhand. Now if they have 50 letters of complaint from shareholders I wonder what that would start?? Please could you post the email address of FCA that you used. I will be contacting them and I urge all others that want to Edenville engaging with stakeholders to also contact them in the next few days. Let see if we can get the regulator to launch an investigation into Edenvilles behaviour.

....the initial $750k (we don't know, as they haven't confirmed it) then by mid January they should be able to confirm what the money had been spent on and 10,000 tonnes a month.

If they fail to spend time money wisely and fail to get to 10,000 tonnes I can't see the loan being paid back in cash, so further dilution would follow and it is my view if dilution occurred to pay back loan consolidation will not be too far behind.

We need a full update immediately Rufus. Has the cash arrived, what is the current output levels.

Communicating with shareholders is not rocket science Rufus, you just got to understand what is required of you as a CEO, and I'm not sure you do understand based on your current level of comms

.....bity start to the day

If we are still here mid-January, with no update, I'll be pushing for shareholder action.

"The Initial Loan amount of US$750,000 is expected to be received by the Company in mid-November and any further drawdowns on the Further Loan will require mutual agreement;"

Has the money arrived???????

...for another attempt at an EGM.

We have the right to call an EGM and get answers not fobbed off.

If the technology that should of been installed by the end of September is not functioning we need to know why. And we need to know now.

...to Jeff and Tim tomorrow then?