Edenville Energy Share Discussion Threads

[chassenon2ken] 25/9/2018 15:47

I know better Jackson.

[jacksonpollack] 25/9/2018 14:36

So the company made a gross profit of a little over what dufus earns in a week. Sorry, earned is the wrong word ... What dufus takes in a week. I always thought a company had to make more than the people supposedly running it, for it to be viable?

[jacksonpollack] 25/9/2018 14:31

Maybe, because it was a sell!!

[chassenon2ken] 25/9/2018 08:40

1mil buy shown as a sell.

[macthepak] 25/9/2018 00:32

Things are looking up now they have cash flow.

My bladder tells me everything is now going to be OK, just sit back relax and enjoy a nice erratic price rise over the next 12 months.

[jacksonpollack] 24/9/2018 19:09

Oh my effing God. This sums up Edl in a nutshell

Company made a gross profit of £4,467 on sales of £59,310. The Company made a loss after taxation of £544,959 (H1 2017 £551,337). The net assets at 30 June 2018 amounted to £7,568,436 (30 June 2017 £6,805,216).

The total comprehensive loss for the period was £387,412 (H1 2017 £841,877, which
included a gain of £157,457 (H1 2017 loss of £290,540) arising from the translation of the Tanzanian subsidiary accounts from US Dollars to Sterling.

[canny lass] 24/9/2018 17:53

Sorry, not 59 GBP per T, should have said 25 GBP per T, but the revenue stream of 1.2M GBP per year is correct.

[canny lass] 24/9/2018 17:49

Is the 4,000 a month contract to supply washed coal at £59 GBP per T?That supply for a year at a similar rate would generate £1.2m GBP. Anyone agree.

[canny lass] 24/9/2018 17:45

chassenon2kenThey only announced the 4,000T contract on 22nd August, therefore barely a month of supply.

[telbap] 24/9/2018 14:16

Seems like we may actually move forward from here. Check back in 3 months to see if they have actually posted some real accounts.

[chassenon2ken] 24/9/2018 12:39

A two year contract for 4000 tonnes of coal per month,yet less than 5000tonnes shipped in the last two and a half months.Something doesn't add up to me.Also gross profit of £4000 is pathetic especially when you compare it with the net loss.

[geoffmanana] 24/9/2018 10:01

Call me stupid....but I'm calling this the bottom.
I do like the RNS....sounds very promising.....now just get a move on.

[philjeans] 24/9/2018 09:07

Yes - sounds promising.

Looking good value down here with massive potential if they can really get production up.

[therealtonythetiger] 24/9/2018 07:20

Interim Results for the six months to 30 June 2018

[jacksonpollack] 21/9/2018 17:34

This is looking more and more like a con as the weeks, months, years roll by.

[rich2006] 21/9/2018 11:01

Glass
The delays for Kibo also effect Edl as its the Tanz gov and energy depts causing the delays and lack of confidence and indecision.

[glasswala] 21/9/2018 10:03

KIBO - is a similar company it is also in the same country to EDL for coal but it has not mined a single ton of coal has no contracts to sell coal, its Coal to Power project seem to have one delay after another but its market cap is £22m.
In comparison EDL is a producing miner with contracts for sale of coal and also a coal to power project maybe not as advanced as KIBO but its value is languishing at under £5m - There seems to be a disconnect here.

There has to be a time in the near future when it will rerate..... here's hoping ...

GL