The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seis - do you really think the SP is being manipulated? Selling chunks to make it drop still means you have sold chunks which you have to be sure you can buy back at a lower price... I'm not saying they can't, but would you also think they would need MM assistance - which would be treading on thin ice IMO... interested in your opinion.
T
DiamondG - I'm not sure completion of the DD will result in any signature... that would be at the bottom of the JV agreement. They have another 35 days to complete DD before the window for JV documentation starts (3 months). Both being maximum suggested windows. Which I think we are all hoping will not be fully utilised. If we are to be drilling before end of the summer, it's likely the JV documentation has already begun in parallel. We won't know until news drops.
Don’t think we need Tim to point that out. I already had a positive response from NvS this morning; he’s always responded to email with his other ventures and has his ear to the ground.
It’s turn-around time.
Will seriously think about lowering my average if we stay around the teens. Reduced recently from 64p down to 40.6p.... the paper loss is stomach-churning. But doesn't take a lot in the teens to change it.
GLA. Looks like out luck has finally changed!
T
I skim-read this as was walking the dog and didn't actually read properly until now... and VERY excited to see NvS now non-exec Chairman and providing the quote. As I'm in ARCM and he's about to complete on a ground-breaking deal with AA (largest retention of ownership post JV). This is the most exciting board move for me, tbh.
Exactly!
Major shareholders finally intervening…
Anything less than serious and we shouldn’t be invested!!
This is great news. Performance related remuneration of the mgmt team.
Edenville Energy Plc
("Edenville" or the "Company")
Board Changes
Edenville Energy Plc (AIM: EDL), the operator of the Rukwa Coal Project ("Rukwa") in Tanzania, is pleased to announce a restructuring of its Board as the Company looks to expand its Rukwa project to benefit from the increased demand and pricing for its coal, together with exploring other opportunities to broaden the Company's operations.
Alistair Muir and Jeff Malaihollo have stepped down with immediate effect from their roles as Chief Executive Officer and Non-Executive Chairman respectively. Jeff Malaihollo has agreed to stay on as a consultant to the Company for the next three months to ensure a smooth transition.
Noel Lyons has been appointed as the Company's new Chief Executive Officer and Paul Ryan as an Executive Director. Nick von Schirnding has been appointed Non-Executive Chairman. In addition, Andre Hope will join the Board as a Non-Executive Director. Following this restructuring, the Board of the Company will comprise Nick von Schirnding (Non-Executive Chairman), Noel Lyons (Chief Executive Officer), Paul Ryan (Executive Director), Franco Caselli (Non-Executive Director) and Andre Hope (Non-Executive Director).
It is the intention of the incoming executive Board members to spend significant time in Tanzania and retain and relocate certain experienced personnel from other existing African coal operations, which they are associated with, to Tanzania. A more comprehensive update on this will be provided in the near future.
Background on the incoming directors
Mr Lyons is an operational executive with over 30 years direct experience in the oil, gas and mining sector mainly in Africa and the Middle East. His experience is primarily on the operational side including strategic management, operations, project management, funding and value creation generally with listed companies. He is the founder of Clean Invest Africa plc, a company focused on delivering an attractive return through acquiring stakes in clean energy companies, remediation technologies, waste-to-energy technologies and other clean energy related projects.
Mr Ryan has over 20 years of commercial, regulatory and advisory experience. Mr Ryan has acted as a consultant, primarily on strategy and public policy, to a range of clients including FTSE100 and Fortune 500 companies largely in the ICT space. He held a variety of board positions with leading mobile operator Vodafone Group. Mr Ryan has many years of experience working in sub-Saharan Africa including South Africa, Kenya, Tanzania and Ghana where he lived for a number of years. Since 2018 Mr Ryan has been involved with a clean coal project through Clean Invest Africa plc whose subsidiary CoalTech has an operational coal facility in South Africa. Mr Ryan is a qualified solicitor in the UK and graduated from Trinity College, Dublin, Ireland.
Mr Hope has a wealth of experience as an adviser and consultant to governments and major c
Hurrah!!!
Maybe a new position on the board for someone who actually has a career focused on coal production… versus geology/mining…
You think it’s purely down to us not being able to process it? More trucks and another excavator will help. But the washer-crusher is a single point of failure, as you pointed out…
Fully see us going for another raise with investors eyeing the energy price hikes forecast for end of year.