Edenville Energy Share Discussion Threads

[dealer55] 31/5/2017 19:47

I get that yea I agree that would be great. Going from cash burn to revenue can't hurt the share price surely.

[telbap] 31/5/2017 19:42

All hinges on the power station. If we can get that under our belts then happy days, big money for years.Just digging coK out the ground is not going to set us alight...I only have a small punt in here so either way it won't change my world.

[dealer55] 31/5/2017 19:25

Ok you're right a big placing is coming

[defcon3] 31/5/2017 15:10

Lol, of course they're six months old! It's a good reflection of a typical burn rate for EDL

[dealer55] 31/5/2017 13:58

the figures don't represent today, they are 6 months old.

[defcon3] 31/5/2017 07:19

Wow the cash burn is huge. Definitely looking at a big placing prior to production here

[dbno] 30/5/2017 09:14

If only Rufus wouldn't keep pegging us back!

[timw3] 30/5/2017 07:58

amazing RNS. got to be worth at least 100% to the share price with this tiny market cap

[tidy 2] 30/5/2017 07:36

Great news

[geoffmanana] 22/5/2017 18:38

2p will do me fine telbap.

[telbap] 21/5/2017 21:52

I have read back rns now to 2013. All this company has done is continually raise money to the point of have 6.8 billion shares back in 2014. They have have several "loi" for power stations, one was going to be a 2 stage 240mwt with an Indian company, with a 10 year payback! Never happened.It's a short term play for me, cos I don't believe this company will ever actually get coal out to the ground and run a power station. I truely hope I am wrong, but for me, the company appears to be a rinsing machine for the companies directors. Imho, there will be a nice ride upto 2p, then the normal crash, rinse, repeat they have been doing since 2012.Good luck all.

[glasswala] 19/5/2017 14:47

If we assume about $40 per metric tonne (MT). Than based on their RNS today - they are currently producing about 100 MT - This means $4000 per month . However if they can start to achieve the lower end of the projected letter of intent amount of 1000 MT than this would mean £40000 per month (approx. $500K pa) If we get to the 7000 MT as per higher end of the production as per letter of intent if this can be scaled up than this would be about 300K per month equating to approx.$3.6m pa) - If they can achieve 10% profit then about £300K ($360K) that would be a start!!

[wolfcub] 19/5/2017 07:55

Interesting RNS - will be pleased when it is an actual signed contract. But its a start.

[timw3] 19/5/2017 07:11

Very nice update. EDL will bag over the coming weeks. More deals to be announced which will lead to significant more sales.!

[telbap] 16/5/2017 08:10

2 opens in the blue

[defcon3] 11/5/2017 12:36

From LSETanzania's president John Magufuli said his government will enforce a new rule requiring mining firms to list on its bourse by August as part of measures aimed at increasing transparency and spreading wealth from the country's natural resources.Major foreign-owned mining companies in Tanzania that will be affected by the requirement to list on the Dar es Salaam Stock Exchange include Acacia Mining Plc, AngloGold Ashanti and Petra Diamonds."By listing these companies on the stock exchange, we will be able to monitor how much (revenue) they actually get," Magufuli said in a television program aired by local stations late on Tuesday.

[telbap] 11/5/2017 08:04

Gonna be June before and solid news that is for sure.

[aussieaid] 07/5/2017 10:05

They are all conmen.Bushveld included

[aussieaid] 07/5/2017 09:04

Am I correct in thinking Bushveld have a similar agreement in place

[aussieaid] 06/5/2017 20:42

Are these the sort of people one would like to be partners with

[telbap] 02/5/2017 18:59

That is possible, let's wait and see, will be very happy to be wrong.

[fission453] 02/5/2017 11:03

telbap, you know nothing!

[telbap] 02/5/2017 08:32

I would say next rns by mid may. Going to be a very long haul before first commercial coal.

[fission453] 27/4/2017 13:20

Yes my dinner!

[oakville] 27/4/2017 11:45

Something is cooking?