Share Name Share Symbol Market Type Share ISIN Share Description
Edenville LSE:EDL London Ordinary Share GB00BD0S4T13 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0125p -4.20% 0.285p 0.28p 0.29p 0.2975p 0.285p 0.2975p 9,174,459 15:54:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.2 -0.5 - 4.41

Edenville Share Discussion Threads

Showing 10426 to 10447 of 10450 messages
Chat Pages: 418  417  416  415  414  413  412  411  410  409  408  407  Older
DateSubjectAuthorDiscuss
21/5/2018
19:18
21-May-1816:37:480.291715,000,000Sell* 0.290.30543.75k
mrshaungcm
21/5/2018
10:05
What did Rufus tell the placing shareholders to convince them to part with 740K again!! I presume some or all placing shareholders sold out at higher levels as they were party to the share placing thus they profited before they took up the current share tranche and added to this the favourable tax regime of aim shares they can offset their considerable gains against the aim share losses and therefore do not see this as a total loss!! However, I cannot believe any investor will continue to fork out large sums again again if there was no investment reason to do so.
glasswala
20/5/2018
16:19
Hi, Jacksonpollack. You made the correct decision to sell AMYT at 27p. However you've made a mistake hanging onto this dog. Sometimes it's better to sell and take a loss rather than hang around and make a bigger loss! A stop loss with AIM shares is often a good idea. On the subject of charts, whoppy, my EDL log chart shows a long term downtrend since the big spike up at the start of 2017 (on good news). However the EDL share price dropped below strong resistance around 0.38-0.40p at the end of April. It then dropped below the lower line of that long term downtrend a week ago. All very bearish for EDL, I'm afraid, whoppy. Of course that's according to the chart. Good news could blow that chart based bearishness out of the water. However how likely is it that EDL will issue good news anytime soon? Is it worth the risk of having a small punt on EDL bearing in mind the bearish chart? Not for me I'm afraid (even with a stop loss in place) and definitely not for widows and orphans, but some will be prepared to clutch at straws and have a punt. You never know they could get lucky. After all I buy a lottery ticket now and again! :-)
papillon
19/5/2018
19:37
Into the 20's now and some, we know who, will be saying top up time, lol. Rufus you genius, not only have pi's been screwed, but institutions as well. You've played a blinder for a small time geologist.
jacksonpollack
18/5/2018
17:09
This share continues to drop - Rufus needs to get some good news in here soon. There are many unknowns which he needs to clarify.... like the number of contracts signed, the money that is being received for these sales... why did they raise more funds especially after he stipulated in previous RNS that all cost would be from existing funds...why such a large discount placing undertaken
glasswala
17/5/2018
14:01
papillon, yes correct, that's how graphs and AIM companies work. You get stagnation and lows, and presuming the company is doing something, will issue news that will see the share price rise. The question is, will news be positive? and as per previous chart rises will it be repeated. If you go by the chart as some do, then it's saying we will bounce up and return to averages, and that this low below the averages is temporary. Chartists might say it's a pattern of performance and news. Until the averages come into line with today's below average price it's anyones guess.
whoppy
17/5/2018
13:01
Whoppy The placing has actually already happened - I just called John Howes of Northland Capital Partners Limited (Nominated Adviser and Broker)and he confirmed that the placing to raise £740,000 has already taken place. So I can only imagine that Rufus must have something up his sleeves to have convinced the new/existing shareholders to take up the recent placing at 0.35p that will make them rich beyond their wildest dreams....Just like those he convinced at 0.6p etc....
glasswala
17/5/2018
12:53
Results tomorrow?
whoppy
17/5/2018
12:41
not much difference between 0.298 and 0.307p. Some will be wishing they bought, no doubt. The placing price looks a bad one now for the placees, but when Rufus is offered money when the share price is 0.6p and he actually says to the market, nahh, actually the company is overvalued and only worth 0.35p, placees's have got to ask themselves why is he saying the company is only worth 0.35p, but of course they get greedy. Maybe they haven't put up the cash. I guess they've seen the price now and are withholding the money. No RNS to say what the new number of shares in issue is, makes me think the placing hasn't happened. That and the disgruntled shareholders. Effect is, no money and a trashed sp, as Rufus says we're only worth 0.35p.
whoppy
17/5/2018
11:57
I think it might be prudent to top up below .30.....i woyld say we are you g to be visiting it soon.
telbap
17/5/2018
10:45
There has certainly been a lot of selling since the last placement. Hopefully once the selling stops we will move forward once again. GLA
geoffmanana
17/5/2018
10:35
Fines refers to mud.
whoppy
17/5/2018
10:35
You will get annual results here in next couple of days or so. Wouldn't be surprised of a contract announcement before hand. Stockpiling of coal has been ongoing while they negotiate so they can fulfill orders. They will have to announce income from coal which they have been selling since last year.
whoppy
17/5/2018
10:34
Cold Spring I think its this RNS of 31/1/2018 that you are refereeing to. Yes it did state that it had a few issues with Mudstone and Fines and that they were hoping to rectify this with their comment below of: "Subsequently the Company intends to install both a Lamella water treatment system and pre-screen technology to improve the overall efficiency of the plant" See below the RNS 31/01/2018 7:00am UK Regulatory (RNS & others) Edenville (LSE:EDL) Historical Stock Chart 6 Months : From Nov 2017 to May 2018 Click Here for more Edenville Charts. TIDMEDL RNS Number : 4058D Edenville Energy PLC 31 January 2018 31 January 2018 EDENVILLE ENERGY PLC ("Edenville" or the "Company") Company Update Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to provide an update on activities in connection with its recently established commercial coal production and coal to power project. Commercial Coal Production Since the start of commercial coal production in October 2017, the Company has been refining all aspects of the operation and selling coal to commercial customers. Mining Edenville's mining operations are proceeding as anticipated, with high quality near surface coal being extracted from the Mkomolo deposit. Mining operations have been able to keep pace with demand and plant capacity despite the seasonal heavy rains. To help fulfil the demand for coal we are experiencing and to potentially increase the amount of unprocessed coal the Company can sell, the Company has taken the decision to also start mining the Namwele deposit. Namwele, which sits to the south of the Mkomolo deposit, will be mined by our Tanzanian partner, Upendo Group Ltd ("Upendo"). Upendo has already started clearing the overburden and we expect the first Namwele coal to be mined before the end of Q1 2018. Coal Quality We are very pleased to report that coal quality, in terms of both calorific value and ash content, is exceeding management's initial expectations when mining commenced. Both the raw mined and processed coal has been extensively tested at our on-site laboratory and has returned values that meet our customer's requirements. Recent results from our on-site laboratory have given encouraging calorific values for Mkomolo, including 6,734 GCV (Gross Calorific Value in Kcal/Kg) on an air-dried basis, correlating with previous results from December 2017. Additionally, and of particular note, is the energy value contained in our raw coal fines material (material generally less than one sixteenth of an inch in size), recently testing at 4,753 GCV on an as received basis. Should these values continue to be seen, we consider this will not only have a positive effect in terms of the value of commercial sales, but also on the long-term economics of the power plant development and related coal supply. This material would not require washing, thereby increasing the potential fuel supply for the coal to power project. Additionally, there may be the potential to sell some of this high calorific coal without it having to be processed through the wash plant, increasing the amount of coal the Company can sell. Processing plant The Company's wash plant and associated equipment is currently running at a throughput of 30 to 40 tonnes per hour, operating six days a week for 8 to 10 hours a day. Edenville is therefore in a position to process 8,000 to 10,000 tonnes of mined material per month. During the ramp up of operations higher than expected amounts of mudstone and fines were encountered, which reduced throughput in the processing plant. As a result, unit processing costs were marginally higher than management expected, however, this was offset by lower than expected unit mining costs. Subsequently the Company intends to install both a Lamella water treatment system and pre-screen technology to improve the overall efficiency of the plant. The Lamella water treatment system will remove mudstone and coal fines from the water, providing the plant with cleaner water and the pre-screen technology will pre-screen the mined material, removing coal fines before they reach the wash plant. Once implemented, hourly production rates should increase to 80 to 100 tonnes per hour, thereby bringing operational costs per tonne back in line with management expectations, in parallel with the plant reaching its full production capacity. Coal orders Throughout January we have continued to process and ship the bulk preliminary orders detailed in the announcements made on 23 November 2017 and 8 January 2018. We remain in detailed discussions regarding contractual terms with several of these groups and others regarding potential long-term orders that total over 10,000 tonnes of coal per month. Additionally, the Company has received further orders for trial material in the last fortnight. These requests include one for 4,000 tonnes of coal from an industrial customer. This customer has indicated that, if the product is demonstrated to be appropriate for their needs in trials, they would seek to increase their order. In aggregate, trial and other orders for approximately 9,000 tonnes of coal have now been received and these have either been shipped or are in the process of being fulfilled. All have been, or are being, supplied on a commercial, paid for, basis. These trial orders have been substantially larger that we initially envisaged and continue to be received and shipped. Through these we believe we are demonstrating the quality of our coal and the ability of Edenville to be a trusted and reliable supplier. The entering into of the long-term coal supply contracts we are currently discussing crucially depends on the ability to secure reliable and cost-effective transport for the coal. To that end, we and our customers are in negotiations with a number of transport providers. Additionally, we are investigating the appropriateness of having our own base fleet of trucks to ship coal to customers, reducing our dependence on third party transport providers. At present, no assurances can be given as to the form that any long-term coal supply contracts may take, but we are confident that once logistical issues are resolved long term contracts can be entered into and further updates will be provided as appropriate. Coal to Power Project The Company continues to work with its partner Sinohydro Corporation of China ("Sinohydro") to progress the Company's coal to power project. Sinohydro's representatives have completed their pre-feasibility and economic assessment work and remain very supportive of the project. Since the last update on 23 November 2017 further productive meetings have been held with the Tanzanian Ministry for Energy (the "Ministry") and Tanzania Electric Supply Company ("Tanesco") to progress the project. It should be noted the opening up of the mine has provided the Company with valuable data on the coal quality and structure of the deposit, critical when considering the power plant design which will depend on this fuel source. In line with other coal to power projects in Tanzania, the Company is progressing discussions with a view to, in the first instance, entering into an MOU with the Ministry and Tanesco setting out, inter alia, the size of the project, the proposed structure of a Power Purchase Agreement (PPA), tariff levels, and connectivity into the planned transmission line that will pass through the Sumbawanga Region. The timing of this is largely in government hands, although we continue to have a very good working relationship with them and they recognise the demonstrable benefits Edenville's project would bring to the region.
glasswala
17/5/2018
10:32
I went through two years of RNSs' before I foolishly added 2m, and I certainly did not see any mention of the coal being too fine. Perhaps I missed it, but it would have stood out like sore thumb. Why haven't we had any news of more contracts being signed.....the whole thing sticks. There has been no consideration shown to shareholders whatsoever. I'm sitting on a big loss atm, so I will put these shares in the bottom drawer and forget about them until next year....if they are still going then of course!
geoffmanana
17/5/2018
10:29
I bow to your knowledge here then and withdraw my earlier remark. Anyway I am out now but wish all holders good luck.
coldspring
17/5/2018
10:26
Haha. Nooo there is nothing wrong with the coal. In fact it is better than they first thought with a higher calorific value and needs less washing. The fine coal is also excellent for power generation and the overall quality has improved the BFS and economics of the power station to the extent that they have enough coal and quality to up the power from 120MW to 200-300MW.
whoppy
17/5/2018
10:23
There no mention of the coal being to fine please Copy and paste from rns. At this price any amount of good news going to send it soaring . Market cap 4 half million. Got to be near bottom now
aussieb3
17/5/2018
10:16
It's in one of the RNS I think about the coal being too fine? I confess I don't know what that means but my understanding is they were expecting something else.
coldspring
17/5/2018
10:14
Coldspring When did they mention that it was the wrong sort o coal being produced?? Please enlighten!!
glasswala
17/5/2018
09:37
I got out on Wednesday, took the hit. Time will tell if that was the right call. No confidence in RS or the board. Wrong type of coal is being mined apparently. Excuse after excuse then final straw late Friday afternoon placing. If that doesn't scream f e c k you to the shareholders then I don't know what does. Shambles.
coldspring
17/5/2018
09:25
At these levels EDL must be a takeover target. It would be in the best interests of all concerned.....all imho.
geoffmanana
Chat Pages: 418  417  416  415  414  413  412  411  410  409  408  407  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180523 03:42:42