Member Info for Setanta1

Might be a chance for another buy under.2p.

Over 23M traded by 10am. How many times has that happened with EDL this year? Not many, and the sells are being soaked up as investors realise there is a very active market here. You can't buy under .2p now. Still much higher to aim We're just in the early stages.

for the reply TaffEvans.

Keep your shirt on ! I hadn't seen the Nex trades. That's all.

That ("Exraordinary"), brought forth a few interesting comments which may help to explain why the SP fell 3% on a day when there were less than £50k worth of trades and the balance was in favour of buys.
As usual,spud, you have picked out a key line in the RNS which is very important to future developments. You're a very diligent information gatherer.

What's that got to do with EDL? Have you lost your way norrab .This is the EDL bulletin Board !

How the sp has been managed into a fall despite the fact that JW has just announced a new equity funding offer which must be better than any previous offer. And despite the fact that the amount of trading is hardly monumental. I've never understood how the slightest bit of divergent news seems to send us into a bit of a spin. Even erstwhile optimistic posters suddenly become hesitant!!

A lot of buys are being logged as sells. I know because some of them are mine.Any kind of decent news now,(eg, a new contract), and this will fly. It really was drastically oversold. Perhaps not too surprising in view of the bad reputation EDL received from so many disappointed investors. Now we're beginning to see some new and more confident entrants.

Hi gaf 11, a lot of anger and I feel sorry about that, but i guess it's down to what you experienced with your EDL investment. You are quite the company lacks appropriate funding just now but it is sitting on deposits of 173 million tonnes of coal. And I repeat what I said in my earlier post. If EDL could produce the 8000 tonnes a month for which it already has contracts, and follow on from that with the extra sales for wich it is currently negotiating then there wouldn't be a problem. And I hope that is exactly wwhat will happen. I know that will not be a great comfort to those who have lost a great deal of money here and who may not wish to risk more now,but, so far I am happy with my investment.
This is AIM and things frequently change rapidly and what I am learning is that it is not wise to hang on too long to a falling AIM investment. The fallers sometimes recover but it usually takes a couple of years to do so,at least.In the end it is best to forget the past and decide what is best to do now.

Well it went up over 20% overnight,sausage. So by New Year it may do even better. EDL has a market Cap of not much over £2m and assets many times that.Yes there have been vociferous criticisms of the management and the sp has fallen disasterously. But one has to think that there has also been a strong element of overselling.
EDL is producing profitable tonnes of coal now. All it needs is sufficient funds to enable the company to increase its capacity even to the point of being able to fulfil the contracts it currently holds. That does not seem an impossible ask to me. Perhaps it needs fresh management who may be better aligned with the shareholders but it has large enough shareholders to bring about change in that area.

The sp was .56p a year ago. A bit of good news and a bit of active buying could very easily shift the sp back to that level. Just look what happened today on the back of less than 10m buys. Take heart you investors who have lost out. At 20% a day things would change ultra quickly. I know it won't happen that way but I still feel confident enough to continue with my stake building.

Nice to meet an optimist, Islandgirl !!

Nice move. And the spread has tightened with the bid/ask now at .1425/.15p. And we're second on the leader board. How things can change !

They'll buy 6million at .1325p Two days ago you couldn't sell 6 million to save your life. Got a bit excited on the previous post !!

six million at .1325p. Two days ago you couldn't sell 6million to save your life !

I'll be blowed, we're on the leader board !!

Hardly a smdgin left at .14p !

!0000 tonnnes per month of course, not 10000tonnes per week.!

1. JZD, your figures are taken from the same hymn sheet as mine.But for the moment I am talking about Revenue rather than profit. The payments of the Lind loan don't begin until mid February,(correct?), and a lot could change between now and then. EDL could,for instance begin to be able to deliver the 8000T+ per month for which it has contracts. It could also secure finance or even a farm in partner. My point, JZD, is that this 173 million tonne mine is only producing an infinitismal fraction of what it should be capable of and so there is clear room for mega improvement.The mine is profitable on a per tonne basis but it doen not produce enough tonnes.Most AIM oilers and miners, (some with very inflated SPs), produce nothing. EDL is, at least , on the right side of production now. I take your well made point relating to RSs promise about the 10k tonnes per week being achievable by the end of January 2018. The failure was not impressive.

2. Hi Greenwolf. I differ from you because I see EDLs biggest current problem being related to the inability to produce sufficient product. If it could do so the revenue and , inter alia, the profitability would look after itself.
3 I also take brightspark's point about those who have signed recent contracts being confident in EDL's ability to fulfill them and his point about possible shorters.

The management has performed poorly but, I repeat, they have not deterred the big investors. There is a conundrum here but this is cheap just now and very tempting for any new blood investors. I thank all of you for you inputs. Both sides are giving me lots of food for thought but at the moment I'm on the side of the angels !!

Hi JZD, I view the latest mine figures from a slightly different perspective, as follows:

1.EDL has Contracts for 8000T plus of washed coal.

2.In the 85 days to 11 December it SOLD AND SHIPPED 4655T of washed coal (equal to just 1698T of washed coal per month !)

3. Revenue from that quantity will have been circa £42442 per month

4 If EDL had been able to SHIP and SELL the 8000T per month of contracted product that revenue would have been circa £ 200000 per month.

5.That kind of revenue would present no problem to the payment of mine expenses and the expensive Lind loan.

6. Clearly the problem for EDL remains in being able to SHIP and SELL the quantity of coal for which it has contracts. The mine has massive potential but it is limited by the equipment infrastructure. (My deduction). So it badly needs more investment.

7. I've made no reference here to the fine coal stockpile being built up for possible use in the proposed power plant.

JZD,(or anyone else), please check my figures. They're not my strongest suit ! But if they are correct I will be increasing my stake here.

GreenWolf. I've just read your response to my postings and I thank you for it. I have no wish whatsoever to contest you opinions relating to my fitness to be invested here. I mean that quite literally. But there are a few points that I'd like to stress.
My post of Friday at 13.38 set out the reasoning for my investment so far. I've revisited it and I still think it's reasonable.Your own point that if you were not invested here you wouldn't do so now is also predictable given that you may have lost a fair amount of money here. But I still think there are some reasons to be hopeful. The large investors who hold 53% of the shares do not appear to be rushing to the exit, and I'll bet they know a lot more about what is going on in EDL than you or I do.
EDL is producing circa 10K tons of coal per month. That should increase. I try to remember that this company has only recently got into production. Mining is a tediously slow development so I'm prepared to be patient. If the current BOD is as inept as is being suggested I have no doubt those major share holders will see the back of them.
Just one last point. I've said that I am prepared to lose my investment but I know I won't do so because I won't wait until my investment has fallen by 90% before I decide to be gone. That is what all the big losers here have done and that's not too smart.