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Bearing in mind it’s dropped 50% in a few weeks on very little volume and likely just MMs playing their game, I don’t think today is really a “bounce”… we have a fair way to go yet to the 30 or 40p mark which was where we landed at the consolidation (from memory…).
If we get some positive drops, this should build back up quite justifiably. We have a lot of coal if we can find buyers.
Bullish - the 3rd Quarter starts tomorrow! And I'm hoping they will be out there in their nice new bucket shoveler and putting every day (and night!) to full use!
I did top up a few days ago but low on funds, otherwise would be tempted to try and buy my way out of my measly average. But 3 months isn't too long to wait and I would hope that any hints of success will be shouted from the rooftops as soon as...
Waited this long. A little longer won't hurt as I'm certainly not bringing myself to sell when 75% down.
GLA. Keep those peckers up!
T
One biggish difference is that market conditions are now in our favour.
Also, IMHO, one excavator (or was it two) and a truck (or two) was never going to see us take on any grown-up supplier... double the equipment and at least having the ability to fulfil orders is a step further than we were previously.
Rather used to Jam now. Q3 starts tomorrow, though.... and end in 3 months. Not long to prove or disprove that point.
GLA.
T
GW - agreed. It's about actually executing sales now. We have the resource, the equipment and (possibly) evidence that we can produce. But we need to sell it.
One good thing is that the cost of energy now is a global crisis, and finding cheaper suppliers will be on everyone's mind. Can we make EDL their first choice, or at least on their radar...
SoaS - yes, sorry... shares not value. Let's see how today plays out.
I don't actually think that RNS was too bad.
If they have produced almost 10k tonnes this year whilst only operating for a small percentage of the time, it implies that we could fulfil 5k tonnes a month... which is half the battle.
Finding customers is now potentially what it is hanging on.
During the first half of 2022, 9,466 tonnes of ROM coal has been mined. Excluding Feb-May, that means we have done almost 10k in 2 months (assuming Jan was productive?)..
And it's a 25k buy...
I see no trades yet... is that just my L2?
I get that we need to invest in ops to support larger production volumes but it sounds like we just don’t know how to market the stuff… still aiming for 5000 tonnes a month… it’s not for lack of available resource.
Will the rabbit turn up on time…
Doesn’t bode well… at 10p…
32mins till we - may - find out!
RNS before end of day, or we think tomorrow?
:))
1 trade at Bid... someone playing games...?
I bought a few to address an annoying odd number... good money after bad, perhaps.
Strangely optimistic. At least I knocked a point or two of my pathetic average.
Tick tock.
Should have bought on the dip :))
Bounce?
SoaS - you may be right. Although god knows who would pour money into this after such pathetic communications and even less evidence of achievement There must be a ******* ton of jam stuffed into the prospectus…