Member Info for Sausageonstick

Unbelievable!!!!! So they were 'late' telling us the tender had been cancelled, and now, even though the link has been posted on here to say tendering has reopened, Edenville can't even be bothered to officially announce the good news. What the hell is the nomad, Rufus, Jeff and or company playing at???

Isn't it the job of the pr company to go out and 'sell' Edenville to the world, what are they doing? Seriously, what is the pr company doing to add value to Edenville? Could someone copy and paste links to all the media coverage that the pr company have generated for Edenville during the time we have paid for their services? Currently they refuse to answer my questions, the last email I received months ago stated they were concerned about me posting the reply on bulletin boards, although while everything was rosy they didn't seem to mind me posting on bulletin boards.

I may not have a lot of confidence in Rufus, but at least he's bumbling along and had got some contracts and now got a loan in place to move Edenville forward. Where was the pr?

...... RNS in the morning

....today's news had been absorbed by the market and we are back flat, focus returns to the job in hand for Edenville.

173 million tonnes of coal
Mining licence
Contracts
Now got a stack of money to..
· the purchase of a second loader to load the pre-screen plant and coal delivery trucks;

· the purchase of a second excavator to open up the new mining area to the north of the current excavations;

· the provision of further on-site trucks;

· site lighting to allow 24 hour per day operation;

· an additional spares package for the site plant and equipment to reduce any delays in production; and

· for general working capital purposes as the Company fulfils existing and new coal purchase orders.

So all looking rosy, so just confirm at least 8,000 tonnes of coal a month will u Rufus!!!!

....RNS'd saying the tender had been cancelled, I sure as hell hope they RNS that tenders can now be resubmitted. And do it before the market opens!!!!!!!!

....they have three months through the wet season to show investors they can get it out the ground, wsh crush and sell it. If they can do that through the wet season, then it's game on in the dry season.

...doesn't appear there's lots of people rushing in to buy on this news.

Rufus, Jeff, it's confirmed output figures the market needs.

....very messy and comes with a large amount of dilution, but Rufus must of shown them something to say they can repay $2.7m, and I don't mean just give them confetti shares, I mean revenue figures and order details.

24 hours away operation, doesn't mean the washer crusher is working 24 hours a day, they don't state that so don't get sucked in to thinking the washer crusher is going constantly. It could mean that trucks can be on site loading up through the night. Rufus is always careful with what he says, so don't infer anything just take the facts as is, the site has the potential to operate 24 hours a day.

At what point will they consolidate? At what point will they confirm increased output?

There is very little confidence here in my opinion.

I'll say it until I'm blue in the face, if u sign contracts then announce that you need extra technology installed to up production to meet contract quantities, then I'm nervous about Edenville until the increased output is confirmed. It appears others are too, especially now the Tz government has 'postponed' the tender process.

I'm a realist. Look back over my last 7 years or so of postings and you will see that when good news comes I've said the price will go up but while we remain silent from edenville, as well as the appallingly late response we saw on Friday, there is only one way the price is going.

Watch the price this week, could be interesting

Yes, unless they RNS an update including confirming at least 8,000 tonnes a month

Has a mining.....

If 'not happy' was the criteria for selling, a lot of us wouldn't be here!!!
The company had a mining licence, access to coal, contracts, crusher washer, so why does the price sit where it is? For that's because the people leading Edenville have made too many bad judgement calls. Placings at mates rates, talking of customers when not even in a position to produce washed coal, the examples go on.

Ultimately the market has very little confidence in the Edenville BoD, that's clear to me. With each positive RNS the price has gone down and down. If there was fresh blood at the top would the price be a lot higher??

It's not the announcement, events happen all the time that impact on companies.

The problem for me is;
At what point did Rufus became aware of the announcement, remembering Kibo RNS'd at 11.15am?
If it was early in the day why wait until 3.50pm to RNS?
If they didn't know, until closer to the 3.50pm RNS, why didn't they know?

My opinion is someone or some process failed on Friday. We'll never know but it's another example where the Edenville team including associated companies Edenville pays for their services, let investors down.

Yes there are serious traders, but there's many many small holders that will check to see their portfolio performance each weekend. Let's see how many bail out come Monday 8 am.

Even if it was worded like Kibo RNS, the market would of had 5 hours more to stabilise. Why no RNS at 11 o'clock from Edenville? Surely the nomad is monitoring such announcements for its customers?

Again I'm back to questioning Rufus's ability to do the job.
My opinion is that someone failed to do their job properly on Friday, and took us to an historic low in doing so.

For me it's the fact it took another 5 hours after kibo RNS'd for the nomad, Rufus and Tim to get their **** in a sock and issue a RNS. But by then Edenville were down and only 40 mins until the market closed.

Monday 8am will be interesting, a big up or down to 0.15p

.

Totally agree, but they are tucked up in bed fast asleep.

Even just to say it was installed and being commissioned

...should have come weeks ago