Edenville Energy Share Discussion Threads

[whoppy] 09/10/2018 07:16

Should do 50% today with the contracts mounting up and with more to come, and delivery costs kept to a minimum.

[whoppy] 09/10/2018 07:12

That's a good contract. 3500 Tonnes a month increasing to 6000 tonnes. Plus transport costs paid for by the customer. Dig it out and run the coal and load up their trucks.

[therealtonythetiger] 09/10/2018 07:11

and another one in the bag..
Coal supply contract..

Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has signed a significant contract for the supply of a specialised coal product. The customer, an industrial group operating in East Africa, will use the coal as part of its manufacturing process. The terms for supply are set out below:



· the contract duration is for an initial period of two years;

· coal will be supplied with a gross calorific value averaging 5,500 kCal/kg;

· pricing has been agreed and is based on local commercial rates;

· the customer will be responsible for transport of the coal from the mine gate; and

· the contract is for the supply of 3,500 tonnes of coal per month with an option for the customer to increase this up to 6,000 tonnes per month.



Edenville has been working with this customer for some time to create a product specifically suited to the customer's operations and has been supplying test batches of coal. The upgrades currently being undertaken at the Company's Rukwa project site will ensure this contract, along with our other customer deliveries, can be met.



Commenting, Rufus Short, CEO of Edenville said, "I am very pleased we have formalised this relationship and have secured Edenville's largest single coal contract to date. We look forward to supplying this customer with coal from our operation in Tanzania and we will continue to work with them to ensure their needs are met. With this contract, we now have in excess of 8,000 tonnes per month of regular orders and are busy implementing the expansion plans at site. I look forward to providing further updates on the progress of the operation as we continue to establish the project as a significant supplier of coal in East Africa."

[glasswala] 08/10/2018 09:33

They made no money for years but still managed!

[chassenon2ken] 08/10/2018 09:30

That makes no sense whatsoever,who in their right mind would operate a company knowing they won't ever make a profit.

[glasswala] 08/10/2018 09:10

Yes per tonnes they made £30 but the direct costs of producing and transporting the coal has eaten away at £28 pounds and left only £2 to service overheads. I would presume directors salaries are paid from the overheads and thus my arguments....

[glasswala] 08/10/2018 09:01

I did they only made a gross profit of 4200 pounds on sales of 2200 tpnnes of coal for a total turnover of 60000 pounds. Turnover is not profit.!!!!

[chassenon2ken] 08/10/2018 08:56

Glasswala,suggest you read the interims again,price per tonne between £25-£30.

[glasswala] 08/10/2018 08:44

Chase They only made a gross profit of £2 per tonne. That is disgraceful ....its begs the question what the heck are these clowns playing at.!!!That means if they do hit the 5000 tonnes per month sale then they will only make a £10,000 gross profit per month. Rufus salary alone is £12000 so all the money will get eaten up. We are the real dufus here, he is laughing all the way to the bank.I can see another fund raise very soon.

[chassenon2ken] 08/10/2018 08:23

Obviously EDL are still having problems trying to increase production.300-500 tonnes is laughable,dont think it will attract the share buyers.

[1madmarky] 08/10/2018 08:22

We are getting about $30 I thought from the interims

[bibdaddy] 08/10/2018 07:45

What is the cost of coal locally...about $100/mt ??

[1madmarky] 08/10/2018 07:30

Just need to keep ticking these little contracts off. Should end up with a diverse group of customers.

[therealtonythetiger] 08/10/2018 07:11

RNS..Further Coal Supply Contract

Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to announce that it has signed a contract with an industrial customer operating in East Africa (the "Customer"), who is part of a global manufacturing group, for the supply of coal on the terms set out below:



· the contract duration is for an initial period of two years;

· coal will be supplied with a gross calorific value between 5,300 - 5,700 kCal/kg;

· pricing has been agreed and is based on local commercial rates; and

· tonnage is variable, but is expected to initially be between 300 to 500 tonnes per month.



Edenville has been working with the Customer through 2018 to create a product specifically suited to the Customer's operations and has been supplying test batches of coal. The upgrades currently being undertaken at the Company's Rukwa project site will ensure this contract, along with our other customer deliveries, can be met.



Commenting, Rufus Short, CEO of Edenville said, "After several months refining and testing our product we are pleased to move forward with this Customer on a formal supply contract basis. The Customer is part of a global group supplying products to various industries worldwide. We will continue to work with the Customer to ensure their needs are met and that the Company can look forward to supplying the Customer coal for at least the next two years. We are also examining ways Edenville can further assist this group in mining related tasks. I look forward to providing further updates on the progress of the operation as we look to expand and secure further contracts."

[electrick] 06/10/2018 10:33

No words. Standard share price action. Production poor. Revs low and cash disappears
Shame

[jacksonpollack] 05/10/2018 12:38

nopolipo. One failure taking over another failure= 1 big failure. Not really the way to go. It needs to be taken out of the clowns hands and sold onto a ringmaster who knows his trade, unlike the comedy of errors running it into the ground at the moment.

[chassenon2ken] 01/10/2018 15:14

What is needed here is for EDL to make a bid for Kibo so that they can use their non oversupply of coal in Kibo's non power station.LOL

[jacksonpollack] 01/10/2018 08:12

Have you got a stutter David? Consolidation isn't the problem, it's the placings that follow. Last time they had over a billion shares they knew they couldn't conduct any further placings as they had decimated the share price so much ... they had to consolidate the shares to carry on placing. The same thing is happening again. Over 1.5 billion shares and an MC of £4m, consolidate then place away and drag the share price back down. Rinse and repeat ... Rinse and repeat. Eventually the company fails and the bod's walk away to another highly paid job and no comebacks, whilst the shareholders are shafted with no redress.

[davidblack] 30/9/2018 23:08

If it was consolidated at say 1000 to 1 what difference would it make to you?

Your percentage holding would be he same!

The current price just means mms make a killing on the spread.

[davidblack] 30/9/2018 23:07

If it was consolidated at say 1000 to 1 what difference would it make to you?

Your percentage holding would be he same!

The current price just means mms make a killing on the spread.

[jacksonpollack] 28/9/2018 21:23

This is being primed for consolidation yet again. There must be some way bod's can be held accountable, surely.

[jacksonpollack] 27/9/2018 11:59

nopolipo. Hahahaha, nice one. A bit of humour is never a bad thing.