Edenville Energy Share Discussion Threads

[someuwin] 20/3/2018 08:34

Rising pennant on the chart. Very bullish.

[ssrover] 20/3/2018 08:11

strong start again. 2p soon once contracts start rolling in

[datait] 20/3/2018 07:17

Coal everyone wants rid of coal not invest in it ffs move with the times.

[aussieb3] 19/3/2018 16:40

No placing datait it stop saying placing there rns says no funding required ,

[someuwin] 19/3/2018 10:27

Tick up on low volume.

[geoffmanana] 19/3/2018 10:21

He's been on filter for ages ssrover.

[datait] 19/3/2018 09:45

need the placing out of the way before this starts to move.

[5chipper] 19/3/2018 09:00

Picked some up this morning

[ssrover] 19/3/2018 08:48

anyone able to buy?

[youthstockperspective] 18/3/2018 22:27

https://youthstockperspective.com/2018/02/23/snapchat-update-help-sales/

[ssrover] 18/3/2018 22:19

with whats to come in terms of contracts i expect the share price to be 200% higher over the coming weeks..

£7m cap is ridiculous

[5chipper] 18/3/2018 21:13

From the article:

"Australian mining company Intra Energy Corporation (ASX:IEC) and Chinese hydropower company Sinohydro Corporation will jointly develop the 270MW Ngaka coal power station in south-western Tanzania. This was indicated in a recently signed Memorandum of Understanding (MoU) between the two companies. According to the MoU, Sinohydro will be the majority shareholder and will be responsible for the engineering, construction, operations, and financing. Tancoal Energy, a subsidiary of IEC, will be responsible for the development, mining and supply of coal to the 270MW Ngaka coal-fired power station. IEC Chairman Graeme Robertson said: “The MOU represents the next stage in entering into a formal relationship to bring the project to fruition.” The Ngaka power station is expected to consume up to 1.2m t of coal per year from Tancoal, which has a coal resource of 423m t."

Assume from this that EDL's power station should consume c600,000 tonnes of coal per year. So, along with coal supply shipments production should be good for nearly 200 years!

[5chipper] 18/3/2018 21:07

This makes an interesting read. Suggests there is a lot of potential for coal fired power in Tanzania which the Government seem supportive of.

[5chipper] 18/3/2018 20:23

Thanks Tony. That's Gggggrrrrrreat (couldn't help it)!

Seems like EDL are on course to exceed their 10,000 - 15,000 monthly production target.

If they hit 20,000 tonne per month at $15 profit per tonne then they will be making about £2.6m per year.

Do you think the estimate of $10-$20 profit per tonne is a conservative one? It is certainly a broad one. Perhaps dependant on the quality of the coal, size of orders, transport arrangements.

Company seems to be valued on the mining operation alone at the moment. Seems like progress with the coal to power project should start speeding up as the year progresses. With the government keen on the idea hopefully they will pay a price which gives EDL a decent profit. Assuming it will be the government buying the power from EDL rather than energy companies.

[therealtonythetiger] 18/3/2018 17:08

hxxp://edenville-energy.com/pdf_news/EDL%20Presentation%20Oct%202017.pdf

hxxps://www.momentum-trading.co.uk/single-post/2017/10/31/Edenville-Energy

[5chipper] 18/3/2018 16:26

New to this company.

Any idea what sort of price they will receive for their coal? Guessing it will be similar to the market price of around $50 per tonne.

Also, do they have a time frame for getting the power plant in to production? Do they have funding for construction from their Chinese partners?

[therealtonythetiger] 18/3/2018 14:52

scoots.. For accounts see full year results.. due in May 2018..
Reported in May 2016 and May 2017 so expect the same 2018

[scoots] 18/3/2018 14:26

Taken from companies house data.

Company Name
EDENVILLE ENERGY PLC

Company Type
Public limited with Share Capital

Company Status
Active - Accounts Filed

Incorporated On
22 November 2004

Nature of business (SIC)
08990 Other mining and quarrying n.e.c. - A group engaged in the exploration and development of energy commodities predominantly coal and uranium in Africa.

Accounts
Available to 31 Dec 2016. Next accounts due by 30 Sep 2018

[therealtonythetiger] 16/3/2018 14:09

tel.. Accounts due in May..

[telbap] 16/3/2018 14:02

RTTT.....i am comfortable wait until they issue accounts.....they will have to post earnings.....move from a prospector to miner...

[ssrover] 16/3/2018 13:53

easy 200% riser here over the coming weeks/months