Edenville Energy Share Discussion Threads

[tidy 2] 26/1/2017 18:46

They have cash. No raise req

[telbap] 26/1/2017 18:37

Tidy.....keep calm man!! Allow time and the inevitable cash raise. I am a little underwater here, but not loads, happy to hang on.....my top up was at the top end.

[tidy 2] 26/1/2017 12:10

Edl have gone to production early due to high demand. Also The power plant is more on now than ever. World leaders Sinohydro are leading the way. They're putting 1m to the bfs and are finance and development experts. It's the equivalent of ConocoPhillips joining up with an oily such as 88e. This alone is massive news. Cash wise edl burn circa £35k per month. They now have with the warrants circa £500k in the bank and aim to be cash positive this quarter from new cola supply contracts. They've already sold trial coal at commercial rates at RNSd in January 12th, just 13 days ago. Lots happening here now. The speculation and gestation period is over and we have moved to first coal. Market has missed this but not for long.173m Tonnes high grade coal proven and this is only 1/7th of the acreage

[tidy 2] 26/1/2017 11:30

Podcast with Rufus explains the busiest news period to date for edl https://goo.gl/6qa9ec

[tidy 2] 26/1/2017 11:28

Be prepared Golden Cross and coal supply contracts inbound. That will see us return to the leader board

[stevie050] 26/1/2017 10:00

Inevitable pull back after suck big news, hopefully this will settle and wait further news. GLA

[telbap] 26/1/2017 08:15

My God, a myriad of new threads.

[telbap] 25/1/2017 19:30

Yep, I got the, I am holding small here, about .5m, but when the BFS and subsequent open offer arrives next month then I will buy another 4 or 5 million.The thing I like about this is Tanzania, and the chienese partner. The only thing that worries me is the company itself, they are just not aggressive enough, for me they will jump at the first big offer from a third party, then first us it's game over..Hope I am wrong but let's see.

[tidy 2] 25/1/2017 19:18

Telbab. Sinohydro are funding $1m for the bfs. No cost to edl. Over to them and they're talking charge of organising development and financing

[tidy 2] 25/1/2017 19:15

https://asokoinsight.com/news/trial-mining-starts-at-rukwas-coal-project-in-tanzania Trial mining starts at Rukwa's coal project in Tanzania By Staff Writer | The Exchange January 25, 2017 Trial mining has started at Edenville Energy's 120 MW Rukwa coal-to-power project in Tanzania. The project hosts 171-million tons of measured and indicated coal, sufficient to support a power station over a 30-year project life. Last year, Edenville received formal interest from several companies for long term coal supply. As a result, trial shipments of run-of-mine (RoM) coal have been transported to customers to determine appropriate logistical, quality and quantity parametres. Commercial rates are being paid for the delivery of this coal. Consequentially, the company has taken the decision to move the project to the next stage of development, which focuses on the start of commercial mining operations during this quarter and the acquisition of a coal processing facility. Initial mining will focus on stripping the overburden and the production of a RoM coal stockpile. In parallel, a suitable coal wash plant will be established on site. While some coal will be delivered unprocessed, it is envisaged that the majority of coal will undergo a degree of treatment through the wash plant to enhance the product for different customers and increase the potential returns to Edenville. Initial mining operations will be under the control of Edenville and the company is well advanced in the selection of a suitable wash plant facility. The wash plant facility will also be configured to process coal for the planned future power plant. "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," said Edenville CEO Rufus Short.

[stealive] 25/1/2017 14:37

RNS out warrants

[recordz] 25/1/2017 12:50

Gonna test just below 1p I think.
Buy Volume could come in there.

[tidy 2] 25/1/2017 12:48

They've now started mining the 173m T $7bn high grade coal. Stock piling for new customers this is the time to be buying. Especially with the confirmation podcast with Rufus yesterday.That's only 1/7th of the resource.

[lightmyarse] 25/1/2017 12:25

Timber todayTimber tomorrowWhen placing comes will tankEdl have no moneyEdl need cash

[derano1] 25/1/2017 11:16

How do u filter "LightMy....." I don't understand why he would waste his time if it's a dog share. Obviously he once to get in cheap so he's trying to push it down. Otherwise why are you here????? He needs to get a life.