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At what point do we get thrown off AIM... or is that just missing annual accounts?
It is certainly true that MC clearly doesn't give a stuff about the share price... If this is because he's got it all tied up, then great. If not, I would hope some of our larger investors will have been leaving messages for him to give them a call. That is, if it isn't the larger investors behind the recent sells.
If any faith is left, it would present an incredible buying opp, of course.
Perhaps NvS has finally given them some pointers....
Looks like their website has been updated...
Current Production
The Mine is currently producing up to 4,000t per month of coal for sale and the Company is seeking to increase production up to 10,000t per month in the near term.
Although it might be looking through incredibly rose-tinted glasses, I have a feeling that someone is capitalising on a few LTHs pulling out at a loss... and that maybe this time EDL have found that they can actually make this work.
Rose-tinted... or maybe just I've been in the sun too long....
Can only hope.
This week for an update, you think?
Not sure I mentioned "rush" but agree that they may indeed want to use every available day to complete their [second] DD period! Bottom line is that we know the agreed window; we just don't know how it's progressing!
Time will tell...
Surely the DD this time round will be able to leverage all the DD that took place last year... so Im' not expecting this to drag on. Doesn't make sense. And the lawyers on the AA side will likely be in-house and not external...
90 + 90 = 180, which is half a year, which could in total, I agree, be classified as a "wait".
One of my credit card limits is somehow £18k (God knows how they worked that out). Needless to say, I don't need it or intend to use it, although it's nice to have.
Esquimo - re-reading the RNS...an excavator has been added... the three trucks were "being sourced".
The price keep dropping. But someone is still buying up the shares. Which leads me to believe that the end is not necessarily nigh..
Need a helluva turnaround for me to get back into the black on this one, though.
Bid now 12p
As much as we are going down on sells.... someone appears to be buying them up.
Anyone had any response from Alistair over email? Anyone tried? (I have...)
And down again... 13/14.
Thanks, Shed, for the explanation. Makes sense. So in theory, if we have interested parties waiting for yet another tranche of test results before taking any next steps, it would be these that they are waiting for? Consistency of grade across multiple samples using standard extraction methods (versus lab selection)...?
That little glimmer of hope has just gone up a lumen or two! Cheers
T
Good to hear he responds to you, Sheds. Can anyone translate this, please:
"Further to the excellent ore sorting recoveries demonstrated in late March 2022, Wardell Armstrong International Ltd is nearing completion of its rougher tests prior to embarking on locked cycle testwork".
What are rougher tests and locked cycle testwork?
T
I do wonder about where Tony's money and whether/if it was legally ring fenced or just available to keep the lights on if times got tough... From what I can remember (been rather a long time since I really thought/cared about this share), Tony B was to help them diversify? Do we think they plundered his cash to go and buy more machinery? Or will then announce a placing and explanation of what they have already spent the money on...