Edenville Energy Share Discussion Threads

[telbap] 14/8/2017 13:14

Glass, panic not.....these guys are just slow at RNS and add to that this is Tanzania, everything is slow, we will hear latest end of next week.

[aussieb3] 14/8/2017 09:21

It's going be up and running by end of month

[glasswala] 14/8/2017 08:24

Still nothing regarding wash plant. It's been six months since they raised money for this but not s single can't earned. They really need to get their act sorted asap.!

[potter25] 11/8/2017 20:19

Taken from the recent update RNS.

The Company is currently processing orders for coal and limited deliveries of raw coal are scheduled to be dispatched to customers from the second week of August. Following this the Company expects to be in a position to supply a full washed coal product once the wash plant is operating.

Bring on next week exciting times ahead.

[potter25] 11/8/2017 17:00

For those that follow charts!!

[never_say_never] 11/8/2017 15:57

Potter25...tend to agree with you so being a poor man only could afford 30k shares... Roll on next week .... I say buy..imo..

[potter25] 11/8/2017 15:43

Stevie exactly a little patience needed. All falling in to place. Next week hopefully good chance of news.

[stevie050] 11/8/2017 15:26

Just have to sit tight & await news..... positive news re washer & (fingers crossed) orders will send the price up rapidly.

[potter25] 11/8/2017 11:57

Just the impatient chasing other stocks imo.. we all have our reasons. One thing for sure mms want our shares.... accumulation phase I believe..gla

[glasswala] 11/8/2017 10:03

Peops still selling. Do they know something we don't??? Probably they do -as usual we the pi's will be the last to know anything and be left holding an empty tin can whilst everyone else profits.I hope that this is not the case this time around.!!

[bad gateway] 11/8/2017 07:49

Google knows...

There are several water sources nearby; Namwele and Mkomolo have a series of streams and small rivers close by, some of which flow all year round, and Muze is located close to the shore of Lake Rukwa which is a major source of water for the district. These supplies of water have the potential to wash the coal post extraction, adding value to the final product and supporting its commercial viability for power generation...
hxxp://www.edenville-energy.com/projects.html

[telbap] 11/8/2017 07:45

Juat one thought that has occurred to me. I don't know the geology of the area, so no idea, what's the water supply like? I am guessing they will need 000's of gallons daily to clean the coal, and what do they do with the dirty water after? ( my guess is some kind of cleaning filtration system?)Any one know?

[geoffmanana] 10/8/2017 17:22

No just the 1m Glasswala.

My only worry short term is that the washing kit was damaged in transit, otherwise it must be all go now....fingers crossed.

[glasswala] 10/8/2017 16:10

Two further amounts of 1m shares at 0. 79p were purchased - it wasn't you again or was it geoffmanana?

[geoffmanana] 10/8/2017 13:05

Just picked another 1m at .079p......now hold 6m.

[geoffmanana] 10/8/2017 12:28

Great pictures rct....thanks.
I don't understand the selling either Glasswala.....perhaps they are sitting on a good profit, who knows?
I'm very happy to hold and think 2p is attainable in the next 12 months at least imho.
Geoff

[realcooltrader] 10/8/2017 11:37

From 1st August RNS:

"After a short delay, the unassembled wash plant is now scheduled to arrive on site during the second week of August, with construction commencing immediately upon arrival. The wash plant site area is already cleared and in the process of being prepared for the arrival and assembly of the wash plant. Work continues on the stage one pit area using the newly purchased Volvo excavator which arrived on site in July."

So, due this week. There are a couple of pictures of the Volvo excavator at work on Twitter:

[glasswala] 10/8/2017 09:36

Why are people still selling considering that news about production etc is around the corner.
They probably feel that they can come back at a lower price. I hope that they can't thus giving them a bloody nose so to speak.

Does anyone know if the plant has arrived?? It is taking far too long to get to the mine especially as it cleared customs around 12th July - why has it taken nearly a month to get to mine - what are they doing transporting it by foot a piece at a time??

[timw3] 09/8/2017 09:37

EDL looks set to break the all important 0.8p prior to transformational news period. 3p+ target

[stevie050] 09/8/2017 09:06

Can anything actually do done about trolls, or do we just filter them out ?

[telbap] 09/8/2017 08:25

Is the thread creator still around? Just when the volume starts we need someone to police the BB for the trolls which sadly always appear.

[timw3] 08/8/2017 21:36

Yep agree but i like to be conservative

[telbap] 08/8/2017 19:37

Tim.....based on nil enterprise value and the fact they will be able to ramp us productuon once they have some cash to buy more equipment with. I would say this could easy knock on the 10p door.

[timw3] 08/8/2017 10:12

-----------
EDL>> Impact of Sales revenue on the SP
---------------------------------------------------------------------

Total Coal Reserves Tonnes >>> 173,000,000,000

Monthly Out put 5K -- 8K (RNS 6 March 2017) >>> 7000


Price of coal per Tonne >>> $77.00


Monthly income from coal sales >>> $539,000.00

Estimated Annualgross revenue >>> $6,468,000.00

Cost of production of coal >>> $15.00
Drilling = 2$/T, Blasting = 5$/T,Washing Cost = 1 $/T, Loading = 7 $ /T
data from Teck Resources Limited, 2015

Annual Operating Profit / EBDIT >>> $3,948,000.00

EBDIT multiple for market cap >>> 25

Estimated market cap in US$ >>> $98,700,000

Exchange Rate Per US$ >>> £0.7666
hxxp://www.xe.com/

Estimated market cap in GB£ >>> £75,663,420

Total Diluted equity(Shares in issue + Unexcercised warrants & Options) >>> 1,341,918,352

Effect of profits from sale of Coal on the Share Price of EDL shares in GB£ >>> £0.05638

Effect of profits from sale of Coal on the Share Price of EDL shares in GBX >>> 5.638