RE: Have a listen14 Aug 2018 12:02
It's fairly easy to see how they got themselves into the current share price situation.
Just go back through the RNSs from January 2017 and see what they have intimated and then check to see what they have actually delivered.
Spoken of potential customers since January 2018, only one contract signed.
Spoke of expecting to achieve 10,000 tonnes of coal a month, then admitted up to 4,000 tonnes a month
Massive discount announced at 3.25pm on a Friday afternoon.
Consolidated, which is not a bad thing on its own, but then hunkered down and refused to communicate as the share price fell to historic low (rinse and repeat, I hear you say)
The list goes on, but you catch my drift
I certainly don't trust Rufus, which is why I've stated today that Edenville have set an expectation in stating "The Company is targeting the plant upgrade tasks to be completed by the end of September 2018, allowing increased throughput and production." I expect an RNS first week of October informing the market whether it has, or has not, been installed, commissioned and working.
For me getting output up will lead to contracts being signed, so Edenville need to do all they can to get that output up and money in before the cash runs out from the placing.