Edenville Energy Share Discussion Threads

[stevie050] 27/4/2017 11:32

Seems to be a little interest stirring !

[telbap] 27/4/2017 11:16

Hope67.......a superb and we'll researched post.......completely de bunks aussieaid obvious de ramp posts earlier.Zack mir is quoting a return to 1.5p resistance area, looking good.

[sausageonastick] 27/4/2017 09:53

Zak Mir states return to 1.5p on the cards,

[hope67] 26/4/2017 21:48

Interesting post on lse
Good point Synogabon re the IEC mcap and finances - and given my substantial investment in EDL one that needed a good kick of the tyres

Having reviewed the IEC financial report a number of things leap out:

- 2016 report highlighted the hammering they took re South African Imports. Well that problem has gone and they are aiming to double production.

- Coal sold at circa US$60 per ton. Gross profit was $20. One assumes prices will have since firmed

- But IEC were hit with around $10 mn of other costs, which included significant impairment costs, write offs from discontinued operations (mainly in Malawi), and some pretty dizzy remunerations costs (there seem to be more directors than you can shake a stick at).

- Plus a load of debt resulting in $2.2 mn of repayment of borrowings.

- Plus they have been “forced” to give giving Dangote Cement an area to mine coal to enable it to mine its own coal (an area of 9.98km2 in the Ngaka Coal Fields). Compensation to be agreed.

So an apparent underlying healthy gross profit overturned by a shed load of other largely historic costs and government interventions.

Given that we – the EDL shareholders – have covered most of the EDL funding, and that we have none of the IEC corporate history, this actually makes me feel very positive. And despite what others may say Rufus and co run a fairly low overhead operation.

So lets assume the import ban allows for washed coal at towards $70 per ton price, and production costs at circa $35 (because we are funding all the capital costs) then gross profit per ton could be very healthy. There will obviously be other costs, but this has to look very positive as time progresses. Not to mention the MOU on the power station feasibility.

Finally this fact. Tanzania currently mines around 300,000 tons of coal per annum. Try this very recent quote from The East African journal “Tanzania is targeting to produce at least 5.5 million tonnes of coal annually by 2020”

I might have to find a way of topping up next week

JMO

[aussieaid] 26/4/2017 17:05

In your dreams.Will need some soap for the washer

[stealive] 24/4/2017 10:50

Coal trades and contact news cannot be far away.

[aussieaid] 21/4/2017 02:13

I was under the impression that the coal only needed washing to increase the quality required for a powerplant.There is no reason why customes are not being supplied with a lower grade coal.Where are these customers.IEC based in Tanzania are producing and selling 20000 tons a month.Yet they are losing money.And keep having to raise funds through placing a.Their Mcap is less than £2million.Why is Edls Mcap so much higher.Is it overvalued at the current Sp of .70p.Should it really be a third of what it is

[canny lass] 20/4/2017 11:52

Oakville,Invest in KIBO then. All is good at EDL. Just bide your time and you will eventually reap some rewards. I agree it is depressing watching the share price slip, wishing one had sold at a higher price. Once the wash plant is installed and working then hopefully interest will return. I know that could be a couple of months away.

[oakville] 20/4/2017 07:47

I see Kibo has signed a concrete agreement, whilst we have soap delivered !

[pj787] 13/4/2017 19:34

Deramping continues lovely..

[stealive] 13/4/2017 09:34

Coal contract cannot be far off

[aussieaid] 13/4/2017 03:23

hxxp://linkis.com/timesgabon.com/jZXBX

[aussieaid] 13/4/2017 03:11

hxxp://www.thecitizen.co.tz/News/Business/New-project-to-add-200MW/1840414-3887002-17wa9b/index.html

[pj787] 07/4/2017 17:52

.proactive.investors .co .uk/columns/northland-capital-partners-view-on-the-city/27501/northland-capital-partners-view-on-the-city-edenville-energy-27501.html

Edenville Energy (LON:EDL) – CORP: Mining licence update

Market Cap: £8.5m; Current Price: 0.8p

From yesterday: Enlargement of Mining Licence

The enlargement of the Mining Licence ML362/2016 has been completed with the amalgamation of the 14 Primary Mining Licence's located at the Mkomolo deposit. The enlarged Mining Licence now covers 9.88km².

The Mkomolo coal measures that have been selected for mining are now entirely covered by one continuous licence held by Edenville International Tanzania Ltd.

Prospecting Licence PL11342/2016 has also been granted to the Company. The Prospecting Licence is located to the west of the enlarged Mining Licence and covers the remaining Mkomolo coal measures. The Prospecting Licence covers an area of 29.62km2 and will be referred to as the Nkasi Block.

The granting of the Nkasi Block allows Edenville to carry out further exploration work as necessary and, if appropriate, incorporate these resources into an expanded mining plan around the development of a mine mouth power plant.

NORTHLAND CAPITAL PARTNERS VIEW: A positive development for Edenville Energy that will allow the smooth expansion of mining operations across the entire Mkomolo deposit. Edenville is wasting no time in developing a mine at the Rukwa Project and has completed the acquisition of the coal wash plant and crusher, and shipping is expected to occur in the middle of this month. The Company is also completing additional earthworks for the plant to provide additional access roads for the trucks and expects to be able to market a fully processed coal product in Q217, once the wash plant and new crusher is installed.

[geoffmanana] 06/4/2017 12:02

I'm very confident these will be much higher in due course once we get concrete orders and get up and running.
A bit surprised we are not above a 1p now but hey ho!
GLA

[wolfcub] 06/4/2017 10:40

Personally I wont get excited till we actually get some concrete info on how much we are selling the coal for..:) and who's buying it. but its one more piece of the puzzle.

[timw3] 06/4/2017 10:21

story really starting to take shape here. wont be long till its testing new highs

[whoppy] 06/4/2017 10:15

That's a huge expansion.

[x54v] 06/4/2017 10:12

Asian met coal prices skyrocket 32% overnight

[canny lass] 30/3/2017 11:17

Disappointing response to the RNS at the moment. Early days yet though.

[sausageonastick] 30/3/2017 10:44

Full ask now being paid, won't be long before the re-rate kicks in