Edenville Energy Share Discussion Threads

[teacup] 12/1/2017 19:54

The power plant is long term there are buyers for the coal now

[tidy 2] 12/1/2017 19:42

NT. if they need cash it will be on favourable terms and it won't be used to keep the lights on. Likely substantial premium.

[novicetrade68] 12/1/2017 19:17

Do you guys agree with some of the folks on LSE that EDL will probably need some more money to get this operation going (either through a loan or a placing) ? I would imagine any placing price to be quite decent, so don't get me wrong.

[grabers] 12/1/2017 17:49

Lots of delayed trades?

[effiert] 12/1/2017 17:47

[Edenville is now confident there is a market for its coal
Coal being stockpiled
Edenville plans to build a stockpile of coal

Edenville soars as trial coal ming gets underway

Mayan Energy knocked by well problem in Louisiana

Savills moves up as it increases full-year guidance for 2016



Edenville Energy PLC (LON:EDL) had the burners on as it started trial coal production at Rukwa in Tanzania and forecast commercial production would begin this quarter.

Shares shot up 78% to 0.78p on the news. Rufus Short, chief executive, said today’s development indicates its confidence there is a long-term market for the coal from Rukwa. .

[shareho1der] 12/1/2017 16:45

Nice coded finish: 77% up @ 0.77

[effiert] 12/1/2017 16:32

£20m on par with KIBO just that EDL will be a producer with customers lined up

[tidy 2] 12/1/2017 16:23

What cap is that effiert

[tidy 2] 12/1/2017 16:19

Should get there easy

[effiert] 12/1/2017 16:18

and all for a company valued at £6m

Crazy....

should be 2-3p easy by now as per KIBO valuation

[tidy 2] 12/1/2017 16:12

171mt coal. At $40 gives $6.84bn

[bandflex] 12/1/2017 16:05

From the recent Resource Technical Assessment,

" The Company is looking at suitable mining options to maximise the recoverable tonnage from the deposit with the aim to keep coal extraction and processing costs below US$30 per tonne.

Washing the coal to a moderate degree could provide a product with an energy value of approximately 14.5MJ/kg, the raw coal yielding a high recovery of approximately 74%. Recent independent feasibility work on the project by a major EPC (Engineering, Procurement and Construction) group has confirmed this grade of fuel product as being suitable for power generation utilising recognised Circulating Fluidized Bed (CFB) technology. "


If they can keep costs at $30 per tonne or less it could make a nice profit.

[tidy 2] 12/1/2017 15:58

African coal price in ££78.76 in Nov 2016 http://www.indexmundi.com/commodities/?commodity=coal-south-african¤cy=gbp

[hans christian andersen] 12/1/2017 15:47

4 months and a bagger already!

[tidy 2] 12/1/2017 15:43

Rufus Short CEO of Edenville Energy commented: "I am very pleased we have been able to reach the stage where we are confident there is a long-term market for the coal from Rukwa. Our goal is to move our asset into generating positive cash flow in the near-term and to become a key supplier of coal in the East Africa region. Production will take place alongside the continued advancement of the planned coal to power project."Cash positive and key supplier.

[effiert] 12/1/2017 15:27

will just keep going higher over the coming days. £6m cap is ridiculous

[shafaq] 12/1/2017 15:02

A nice intra day wedge,break this and going much higher.

[effiert] 12/1/2017 14:59

You were never in your troll!!

[thehitman1] 12/1/2017 14:53

I'm out, nice profit.

[tidy 2] 12/1/2017 14:28

3-5p easy imo

[shafaq] 12/1/2017 14:26

Bought some.I remember the rise in 2010,could be same again but this time on fundamentals of actually getting income.