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The coal ban fell into Edenville's lap and look how well Rufus took advantage of it????

They stated 10,000 tonnes a month for many months / many RNSs, that has fallen to 4,000 tonnes month

They said they hoped for no placings, a placing took place at a massive discount.

Rufus has 'over stated and under delivered' time and time again. There is a low level of confidence in Rufus/Edenville at the moment. Activities are dropping around Edenville, such as WB funding, but I will say it again. The only way for Rufus to restore confidence is for EDENVILLE to deliver something tangible. Confirm increased coal output to 10,000 tonnes a month, announce a coal contract fro 5,000 tonnes a month, deliver the BFS, but

Edenville have to start delivering, it's as simple as that. Everything else is noise

How much dilution and consolidation will be needed?

All these things derisked, but where is the money coming from to pay to keep the lights on? None of this is going to be delivered in the next six months, no power line or coal fired power station. Let's not run before we can walk folks. Coal production not up to 10,000 tonnes a month until the end of 2018 if they are correct. They have failed to achieve that before.

For me, now the dust has settled on the World Bank RNS, the reality has hit many people who are selling at a small profit. The reality is that the power line is years off, as is the coal fired power station that will not only feed the cable but consume the coal that Edenville have the rights to mine.

In the meantime the focus is back to selling coal. As the dry season, well, dries up the wet season, and optimise production processing such as a pre-screening module, excavator and a fleet of trucks. As Rufus stated on the podcast from Directors Talk cash flow is not sufficient at the moment to cover the /purchase of items/burn rate, it was also stated in an RNS that they don't aim to get production up to 10,000 tonnes until the end of 2018.

They need the output up in order to fulfil long term orders, there was talk of 4,000 tonnes a month, 10,000 a month and other figures banded around. But until the output is up and the cash flow is increased there will always be a threat of needing another placing.

So in my opinion, we won't see any contracts for a good couple of months as the increased output will go as samples for testing and the cash is burned. Time will tell if Rufus can do this, but most any price rise in the last 18 months has been due to Tz gov't announcement not Edenville. Over to you Rufus, but the price reflects your achievements and trust that the market has In you as we head towards a new all time low over the next few weeks

Of the share holders that raised the questions, do you actually feel the questions have been answered, if so please point me in the direction of where the answers are, cos I ain't seen nothing

Why the drop, let's recap. Some of these figures may be a little off, but the principles the same.

A long time ago someone thought it would be a great idea to find masses of coal in Tanzania, and they did just that. They dug up some and tested it to get the JORC report. The timing of which was out of Edenville's control. It was due, then it was late then it arrived. So Edenville have access to 170+mt of coal from around 10% of the land it has licence for. So that's a lot of coal and the plan was to sell it to a, as of yet not built, coal fired power station.
Edenville then applied for a licence to mine the coal. The timing of which was out of Edenville's control. Then they were awarded it.
Then the Tanzanian gov't banned coal imports and so every coal consumer in Tz had to go find Tz coal to buy, a gift, remember I said Edenville had 170+mt, easy right?
So Edenville bought coal crusher in the UK and shipped it to TZ. The timing of which was out of Edenville's control. but it arrived, to get through customs. The timing of which was out of Edenville's control. and eventually made it on site, built and working. Yeh we thought, Edenville coal, crushed, and sold to desperate purchasers that were surely running out of imported coal. 10,000 tonnes a month output was cited time and time again. Sample trucked to potential customers for them to test. The timing of which was out of Edenville's control.
Now all of this doesn't come cheap folks. We had placing after placing, to such a point one commentator stated the shares may as well be confetti, so to get rid of the confetti Edenville consolidated. Even though funds were supposed to get us to commercial production Edenville carried on with placings and issuing warrants to such a point Edenville are almost back to confetti shares. We've got more liquidity than The Red Lion after England won 6-1 against Panama. I have a fear that consolidation will take place again before the end of the Summer.
Then all of a suddenly Edenville do a massively discounted placing, announce it an hour before the market shuts on a Friday afternoon and admit that output is up to 4,000 tonnes a month because the rainy season has been, well, rainy, and they needed more diggers.
Tz gov't announce funding for eleccy cable along the length of Tz. The timing of which was out of Edenville's control. A gift.
So placing when it was stated none were needed, output 40% of what they expected, only one contract signed for min 2,000 tonnes a month, problems because the rain was wet, capital expenditure needed to get production up as it can't match output, and won't until the end of 2018.
Time and time again Edenville has been gifted by the TZ gov't and Rufus has delivered placing, consolidation, disappointing output figures and one contract
And you ask why the price drops. We need Edenville, not the Tz gov't, to gift us something.

Has there been much discussion on here regarding............

Resolutions four and five relating to the potential future issue of new ordinary shares in the Company and the disapplication of pre-emption rights were withdrawn by the Company and not put to the meeting. The directors of the Company took the decision not to put these resolutions to shareholders to remove any uncertainty in the market about future equity fundraising plans by the Company. Any future equity fundraising by the Company will now require shareholder approval.

It is what people wanted and it put the power in shareholders hands, although I'm sure Rufus has a bank of supporter that will vote yes should there be a need. Does it give us control of the price, I.e. setting a minimum?

So 2nd January 2019 for the next placing then??

Hi Tim if you're reading this, focus on the AGM and some better comms.

Just peoples opinions on Rufus!!!

.... before Rufus makes the most important speech in his Edenville history

...answers to shareholders questions to be given at the AGM, or do people feel Edenville have answered the questions (although I haven't seen anything that constitutes a response)?

If the AGM is at 12.30, they need to drop that RNS by noon.

.... what actually went wrong with production. They were banging on about 10,000 tonnes for long enough to make people feel it was more than just an expectation, then suddenly a few rain drops and it they can only do up to 4,000 tonnes a month.

I'm still expecting a RNS tomorrow before AGM

I'm still expecting a RNS tomorrow before the AGM to let us know what will be told to the masses, it happened last year and no reason why that should change this year

.......going to be interesting.

0.36p, it will be interesting tomorrow

Yes I do thank you. I've given up with London south east prices

...states this is up 16%?

I've given up with LSE pricing