Member Info for Sausageonstick

There hasn't been a lot of buys since the 21st May, which shows to me that there isn't a lot of confidence

The last blue trade showing 5th June, the ones before that 31st May, then 22nd May. Tells you a lot.

At what share price will Jeff lose confidence in Rufus?

Our focus should be on why the man that led Edenville Energy to an historic low share price, got a 50+% payrise This has to be a question at AGM. We also need to construct a list of questions, in light of what we know know, knowing that Tim PR and Rufus read this board, to ask at AGM

With a sp of 0.265p, only one direct contract signed, output at up to 4,000 tonnes of month. I don't feel Rufus has justified his �197,000 salary.

....the market is indifferent to the results

That's why I added the +

That's why I added the +

Is he worth �140,000+? Now there's a question? I do think Rufus will now start talking to people outside the organisation.

My opinion is that Edenville and those associated with Edenville are on a comms lock down until the accounts are released. I can't see how there can be any RNSs re contracts, Edenville are only producing up to 4,000 tonnes, and have a one year contract for a minimum of 2,000 tonnes of coal per month has been signed. As this is a minimum of 2,000, and Edenville can produce up to 4,000 tonnes, I'd say Edenville are only producing enough to contractually satisfy this order at the moment. Capital expenditure needed to increase production, so as I've said before, this isn't going to be a quick 2 minute fix to the production problems

31st January Subsequently the Company intends to install both a Lamella water treatment system and pre-screen technology to improve the overall efficiency of the plant. The Lamella water treatment system will remove mudstone and coal fines from the water, providing the plant with cleaner water and the pre-screen technology will pre-screen the mined material, removing coal fines before they reach the wash plant. Once implemented, hourly production rates should increase to 80 to 100 tonnes per hour, thereby bringing operational costs per tonne back in line with management expectations, in parallel with the plant reaching its full production capacity. We still don't know if this has been installed, working or if the funds recently raised are being used for this. Silence - why?????

It has to issue the end of year report by a certain date though, so they legally have to communicate with the market at some point

27th February Edenville stated "The Company is also pleased to report that it has now started receiving payments for the coal shipments made in late 2017, which is in line with the agreed payment terms." So don't expect the financials that Edenville are due to release soon to include any monies from the coal sales. We are going to have to wait until the half year results which came out in September last year, so around September this year, if Edenville are still viable by September!!!!

How long and how low are the BoD willing for this to go?

Edenville would have to if they decided that any further fall in the share price was sufficient to warrant it, pending a statement from them of course. In my opinion something has gone wrong. Output talked up over many months at 10,000 a months and funds taking the company much further. Then suddenly with very little explanation, RNS states output UP TO 4,000 a month and funds raised "The majority of the funds raised will be deployed on expenditure, primarily capital expenditure, in connection with the expansion and enhancement of Edenville's current mining activities." There's a big difference between 10,000 and up to 4,000, especially in terms of the orders that can be fulfilled. Let me just restate that, "primarily capital expenditure" so they are off to buy some lumpy bit of kit to get production up. I'm not sure on the lead time for lumpy bits of kit. This could be the delay in comms, as they seek out lumpy kit bits before announcing the way forward. Just a thought, as they need to come back with news that is going to install a bit of confidence.

Look back over the last week / 10 days, how many buys have their been compared to sells. Historic low sp? I still can't get my head around these RNSed statements 8th Jan the decision has been taken to initiate two shifts on the plant to help ensure production can be maximised 31st Jan The Company's wash plant and associated equipment is currently running at a throughput of 30 to 40 tonnes per hour, operating six days a week for 8 to 10 hours a day. Edenville is therefore in a position to process 8,000 to 10,000 tonnes of mined material per month. 27th April The Company is currently operating at up to 4,000 tonnes of coal per month and will used these funds to increase production rates in order to fulfil current and potential orders. Why won't they communicate with us???????

I believe someone posted that the answers to the questions were with the nomad for approval??? Was it as part of an email Jeff send to people?? If that's correct, then they've been with the nomad for a while now. My view is that they have gone to the nomad along with the end year results RNS. Either the answers will come out as part of the RNS issued for the end of year results, or, in my opinion, as per last year, there was a RNS on the morning of the AGM, the answers will be published on the morning of the AGM saying this is the response Rufus/Jeff are going to give to the AGM attendee, but in case you can't make it here it is. One thing is for sure, the continued silence will not ease the pressure on Edenville, the nomad and Tim PR to communicate. This will not go away folks, metaphorically burying your head in coal isn't going to help, the market continues to hammer the price and the possibility of suspension is always going to hover over Edenville while it continues this silence.

...we will hear from Edenville until the end of year results. If they were going to speak to us to reassure the market they would of done it weeks ago.

...Tim PR when he anticipates answering i.e. at the AGM or before AGM?

No