Edenville Energy Share Discussion Threads

[1madmarky] 10/10/2017 10:28

On a cash flow basis the deal's pretty good, plus we don't have to buy any trucks to deliver the goods.

[dbno] 10/10/2017 10:10

I'm thinking this is a better deal for Riftcot than it is for Edenville. Still, at least our coal will be shipped in a timley (sic) manner.

[therealtonythetiger] 10/10/2017 08:55

First off take for EDL ... would be great to know more & have numbers ... nevertheless it's great to see Coal production kicking off...

[stevie050] 10/10/2017 08:39

Market seems a little underwhelmed, but this has got to be good news - onwards & upwards from here ??

[bigalan3] 10/10/2017 08:36

From the LSE, washed coal sells about 90 dollars a tonne.

[whoppy] 10/10/2017 08:26

How much are they getting per tonne... $30?
$300,000 per month at 10,000 tonnes?

[bigalan3] 10/10/2017 08:26

I have waited almost 6 years for this. Think it must be the overhang - hopefully once it clears.

[1madmarky] 10/10/2017 08:22

I'm struggling to see any significant negatives with this deal. Dig it up wash it and someone else worries about the rest.... ducking A !
Just need the overhang from the fund raiser and confirmation of volume produced. Nice imho

[saint in exile] 10/10/2017 07:13

Coal Offtake Agreement



Edenville Energy plc (AIM:EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has entered into a Coal Offtake Agreement (the "Agreement") with Riftcot Limited ("Riftcot").



Riftcot is a coal and commodities trader based in Kenya, with operations across Africa. It is a leading supplier of coal to the East Africa market. More information on Riftcot may be found at www.riftcot.com.



The Company recently started treating coal through its wash plant and once up to full production, currently anticipated to be in January 2018, and utilising the current plant and equipment levels, the Company anticipates production volumes of at least 10,000 tonnes of coal per month.



Key terms of the Agreement:



The Agreement is for Riftcot to purchase, at a recognised commercial market price, up to 75 per cent of the Company's Rukwa Coal Project's yearly production and will run for an initial term of five years commencing in October 2017. Pursuant to the Agreement, Riftcot will receive an arrangement fee for each delivery of coal to cover marketing and provision of transport.



General supply terms of the Agreement include Edenville supplying a specific product to meet the needs of Riftcot's end users, with Riftcot purchasing the coal at the minegate and in the majority of cases transporting it to the end user.



Importantly, the Agreement allows major industrial groups in the East Africa Region, including Tanzania, to be supplied with Edenville's coal through Riftcot's established marketing and logistical framework. It is the Company's belief that it will benefit from the commercial and logistical experience Riftcot brings to the operation and similarly Riftcot will be able to access the only washed coal product currently available in Tanzania and one of very few in East Africa as a whole.



The Agreement is for commercial production and external sales from the Company's Rukwa Coal Project and does not include the supply of any coal to the planned mine mouth power plant at Rukwa, the Company's "Rukwa Coal to Power Project".



Rufus Short, CEO of Edenville commented: "The signing of the Agreement with Riftcot is another significant step forward for the Company. We look forward to working alongside Riftcot to build Edenville's name into a recognised coal brand in East Africa.



"We see this is an opportunity to leverage Riftcot's trading platform and experience with Edenville's newly opened project which will produce washed coal for the East African market. By committing 75% of our production we are able to give volume to Riftcot's supply contracts whilst also having some product in reserve to supply other clients with their individual requirements.



"This is a period of rapid progress for Edenville and we look forward to updating the market as the project progresses."

[telbap] 09/10/2017 15:55

Maybe UP the very reason for the contract delay is that edl are in the driving seat....mzybe a bit of hard ball being played.....especially they have funds.

[glasswala] 09/10/2017 14:38

Tony u sure its Edl the company and not Edl the political party!):);)

[therealtonythetiger] 09/10/2017 13:37

hxxps://www.momentum-trading.co.uk/webinar

[therealtonythetiger] 09/10/2017 13:36

We are pleased to announce a Webinar & Q&A with #EDL is planned for Monday next week, please submit any questions via our website.

hxxps://www.momentum-trading.co.uk/

[glasswala] 09/10/2017 12:44

EDL have issued a lot of shares just recently so the price is unlikely to shoot up straight away unless they can pull of the impossible and give us lots of customers chasing for EDL coal and the contract news with price paid for coal at the higher end of the price scale.

I am a bit excited at long last....let pray that they can actually deliver this!!

[jacksonpollack] 09/10/2017 11:46

KIBO up 11.3% on zero news. You couldn't make it up.

[glasswala] 09/10/2017 10:46

This company is on the verge of its first revenues and is still only valued at 7m - KIBO has no revenues and is unlikely to have for a couple of years but is valued at 3 times this company. There is something seriously wrong either with this casino market (the new wild west!!) or the BOD not sure which one!!!

Some will say the BOD others the markets!!

In the past its was definitely the BOD's with their wild time frames etc..but now that they have gotten to this point I think its the Market not believing that they can turn this company around.

I am willing to give the BOD a last chance before I scream for blood if they mess this gift horse up!!

I am sure even Dangote Cement cannot start mining coal straight away as they too will need the machinery etc.. which takes months to procure and then assembling etc..

Let see what the next few weeks bring in store for this company.... can it hit the big time???

Furthermore, the raising of the cash could have been done later on but having the financial resources does give them flexibility in negotiating the best terms as they do not have to rely on the customers for funding them at a discounted amount which will make new future sales even harder as they become embroiled in a catch 22 situation.

Yes its likely that they will also not be paid for at least 2/3 months after first shipment.(usual 60/90 days terms or probably longer in East Africa!!).

Also customers are not going to rush into contracts until they can se that this outfit can deliver on the goods so to speak so lots of things going on in this boiling pot !!

[jacksonpollack] 09/10/2017 09:22

The market has zero faith in the bod. Sp should be many multiples of where it is now.

[aussieb3] 09/10/2017 09:17

That get sales eventually just when I suppose

[jaspoland] 09/10/2017 09:08

Aussieb3. Yes and they have been saying that for a while too. Leadership of this company needs a refresh imho