Member Info for Setanta1

I hope anything I said hasn't offended those who have lost out here.Ithink it has a chance but I guess it's easy to be optimistic if one is beginning to build a stake at the current price.Thanks for the RS salary information sgee. In fact it is not a monumental salary for a very difficult job, but investors are certainly entitled to expect more alignment with share holders. Apropos the bid, it had risen to.121p at the close of play and the MMs had no shares to sell during the last ten minutes. The buys in the last half hour or so had cleaned them out. Tells one something.

More good news. Viva JW. He is just so on the ball.

How much does he get paid then ?

See some substantial buys coming in. And the bid is rising too.

I'm fine with that sgee. We'll see how it goes.
Sausage, you're asking for a lot. JM and RS will certainly not be watching the SP on a daily basis. They can only make announcements when they have something new to communicate. But I understand how you feel.Try to keep the faith !

Don't invest what you are not prepared to lose. I already have a decent investment here and , depending how it goes I
may have more. I peesume you are one of the losers sgee and I'm sorry about that. My optimism is undimmed, as yet.
And quindell you,(nor I), have no clear means of knowing how good or bad the BOD is. And what did you propose instead of the Lind finance ?

Managing the spread to deter buyers.but you still can't buy for less than .13p Actual spread of 15%. Making a market!! Buys exceed sells and the SP shows a fall of 7.7% !!

I am only recently invested in EDL and I greatly sympathise with the investors who have seen their investments fall in the past year fom .56p to the current low. And I know there are many who have held for a couple of years and seen much greater falls.

Nevertheless I have decided to build a stake here because I believe the company, Edenville, is making progress. Among the positives I view the following :
1 EDL is now producing and selling coal. It has current contracts for around 10000 tons and it is negotiating for more.
2 It has an important MOU with Synohydro which was, relatively recently, renewed. I doubt that Synohydro would have done that if they viewed EDL as a dead duck.
3. Edl has tendered for a part in the proposed power plant and Tanesco has accepted that proposal. Like Sausage I'd be interested to know how many others tendered.
4 From an investment point of view the sp is very very low and for a new investor here it represents a good risk, I think.
5.The company is very spare in terms of management. Neither JM or RS is a good communicator but that doesn't make either very different to the majority of AIM directors.
6. It is noticable that over 50% of the shares are held in institutional nominee accounts. All were bought at much higher prices than the current SP but none have been sold recently, as far as we know. And those investors know more than we do.

Now for the down side!
1. Edl is painfully short of funding. That doesn't make it much different to the majority of AIM companies. It does have acces to the Lind funds but they look expensive. The Sp is now so low that it would be difficult to manage a placing so any future funding needs to come from a believer like Synohydro(?) who won't want to see it fail.
2 EDL operates in a difficult environment. It is prohibited from importing very much skilled mining personnel.They have only one such at present. I make no judgement about the correctness of that government decision but it does complicate things for EDL.

Ultimately on a risk reward basis I think EDL merits an investment, so that is what I am doing. I'm prepared to lose my investment-all of it- but I do not expect to do so. I think we may soon get just one piece of good news on finance, production or bigger contracts or new personnel forced upon us by the big investors and we could see an end to the shorting,(rightly or wrongly i believe there is some), and we could see a mega leap forward. I hope so!!

JZD. Try rephrasing it. I'd like to know what kind of material is deleted. Or you could try asking why !

Look guys stop being fixated with Rufus. He'll suddenly become a hero when EDL comes good. Instead occupy your minds with why the MMs are keeping the share price well and truly tethered, and discouraging buyers.

Now there's a percipient observation spud. Good on you! I suspect you've hit the nail bang on the head !

Thanks bigboffer.

Can anyone please tell me the profit per tonne of coal sold by EDL?

Just be assured that all of todays trades are buys. Another bit of MM chicanery as they deter any attempt to make a positive market.

I am fairly sure the share IS being shorted. Its share structure and the business environment makes it an ideal candidate.There are too many interested prties,( including the government of Tanzania), who would not wish to see it fail.Assuming that Synhydro put up the capital for the power plant,(and there is a lot of Chinese capital invested all over Africa), they will be certain to welcome a readymade coal mine relatively close to the chosen site.

Building a coal mine on a shoestring must be very difficult, and that is precisely what EDL is doing. The BOD cannot magic money from any source but at least now they have reached a point where there is some revenue being accrued. that should increase as the mine becomes more productive. But that calls for MORE MONEY!

The BOD is not as communicative as we would wish and they are not talented communicators either. Hence a lot of the poster invective. But I am willing to give this one time as I build a decent stake. The sp related to the importance of the asset is,in my view, ridiculously low. I'm willing to back it for a while yet.

Yes Jzd a couple of decent buys.Tell me whether you think this share is being shorted. If it is the shorters will already have decided where the want to stop which could cause a massive upsurge soon. More than 60% of EDL is in the hands of nominee inrtitutional investors and despite all the negativity,(and I understand that), one sees none of them have diminished their holdings. There are less than 40% of the shares in free float and as things stand Synohydro could take a major interest for less than £1m. And if they are serious about the power plant they may need a well functioning EDL.

Is my reasoning ok here?

I know the difference norrab. The important thing in this instance is that both are defamatory. And your post just added to the hot air. The fact that you cannot see the company the company "lasting much longer" doesn't mean it's true!

No proof of either of those assertion Island girl. Just more wild talk.

Hello crl 123, very good to hear from you. I'm still here and I've kept a weather eye on the vagaries of your " other share". I hope it will soon pick up again.
As you know,I'm sure, we got a new BOD at INFA with a super duper CEO and things have taken a turn for the better, and they are predicted to make further improvement. It hasn't been an easy trip but I'm sure the best is yet to come. spud the plumber is keeping us all up to date with his invaluable information stream and mcadder still provides lots of in depth info.
Good to hear from you. Stay well.

You're quite right. I certainly haven't been as well researched as I would wish here but thanks to lg, jzd and yourself I am learning fast. And , so far I'm optimistic! I will enjoy it, and my thanks again for the additional information. By the way the last two trades were buys. But I guess you know that!

and becoming quite liquid. Now for a late buy!