Member Info for Sausageonstick

I've not had a reply from Tim for months, apparently Tim was uncomfortable about me posting replies on the bulletin board. I told him it seemed ok to do it when every was positive, but now Rufus is getting slammed, they are uncomfortable.

Anyone actually got a reply? If not, what are they getting paid for. I've only ever seen Edenville in UK market pages once!!!

They have borrowed a sizeable amount of money to get technology and lumpy equipment to push things on. The money is due mid November?? So they can spend it on equipment and Rufus's November salary, Rufus should also be able to get out and buy his family their Xmas pressies. Rufus has sent expectation of 10,000 tonnes a month by end of 2018.

All in all if nothing material arrives by mid January, if the share price hasn't recovered, if it's still jam tomorrow RNSs, then for me he needs to go.

If he can't get production up with £700,000 to a level that he can pay the loan back in cash rather than dilute then he needs to go. For me Rufus has two more pay cheques to get this right before I join the EGM bandwagon. We may not win an EGM, but it looks pretty bad on your CV if the shareholders in the company you run call your resignation!!

It's simple, based upon the published data, data from Edenville on output the truth is....

... Edenville cannot fullfil the 8,000 tonnes a month it has contractually agreed.

Edenville state on their website 'currently producing up to 4,000t per month of coal for sale'.

An RNS stated 'With this contract, we now have in excess of 8,000 tonnes per month of regular orders'

This will never go anywhere until Rufus confirms Edenville can fulfil orders. In fact if another contract is signed with Rufus confirming increased output, my opinion is it will make the situation work.

Why would people invest at the moment?

..... continues

.....they announce increased production, torvthe share price hits 0.15p?

Define 'working'

There was a time a few months ago when people were calling for an EGM. Then all of sudden people felt the questions had been answered. I never saw any answers myself, but apparently the answers are out there.

It beggars belief that a CEO chairman could let the so of a company they run go this low, to let confidence go this low and let the pr hunker down to such an extent that they don't appear to be answering anyone's questions.

At what point is enough enough?

Close the spread!!!

They have apparently been talking to potential customers since January 2017, and they will say, as Jeff did to me in an email, that they can't buy because they are working on deals.

So by saying what they said in January 2017 takes the pressure off them as they have a standard reply.

Without Rufus waking up to what the market needs NOW it's 0.15p next stop. The silence is killing this share. If output is up they should be ashamed not to of announced it. If output isn't up they should be ashamed not to of got it up. Wasn't it 10,000 tonnes a month by end of 2018???

.....silence as we head towards mid November. Unbelievable really when Rufus should know what confirming increased output should do to share price.

Has it a actually been confirmed the technology has been installed? I can't think of a valid reason why they wouldn't announce if it was installed and up and running. Can anyone think why they fail to announce?

Agree, the output figures are known, it's whether Rufus wants to publish them to build confidence in the market.

....will we get confirmed increased output figures this week? Should have been installed by end of September, how long does it take to commission these things?

Oh well, another week over.

Historic low, 'late' RNSs, 27% spread, no confirmed increase in coal output.

Turning into a normal week for Edenville!!!!

....until Edenville confirm they have increased output to at least that which can filled signed contract orders.

Not even another signed contract will lift this unless at the same time increased output is confirmed.

I doubt it. They've missed the moment. Can see them RNSing when they submit the paperwork again. Shameful, Edenville RNS'd when tendering was cancelled, Kibo RNS when tendering restarts, but Edenville don't. Kibo end blue Edenville end red.

Fundamental to Edenvilles longevity, loan repayment, expansion and share price increase is.....

INCREASED OUTPUT!!!!!!

I still believe some of the loan will go towards a new washer crusher at some point in near future. They are expanding into second coal fields and at some point it will be economically beneficial to add a washer crusher than drive coal around to just one washer crusher. With $2.7m they can buy one that makes cups of tea at the same time!!!!!!

....such as myself and aerial that have seen this share performance over the last 8 years or so.

This is a positive news driven share. Positive news brings confidence in the BoD. We are just not getting a steady stream of regular positive news announcements.

Confirming increased output has to be next RNS, the loan repayment, not just the first payment but all repayments require increased output.

They need to confirm it this week or I can see us sat at 0.15p

They have signed contracts totalling 8000 tonnes a month, no point dilly dallying at 5000 tonnes they need 8000 or they can't fulfill the orders. The same orders they are now looking at to party the loan back with. Hence why I say 8000 tonnes needs to be confirmed, confirming 5000 is pointless other than to say Rufus can feather his best a bit more

I'd expect RNSs when......

1) the money is received mid-November.
2) when the tender is submitted.
3) when output hits 8,000, 10,000 and 13,000 a month
4) when the stated equipment, loader etc etc, is purchased and on site.

They have three months to get revenue up to repay the loan.