Edenville Energy Share Discussion Threads

[datait] 18/12/2018 12:50

telbap24 Aug '18 - 06:56 - 10908 of 11060
0 1 0
Maybe the pick has turned and we are off to the races???


PMSL

[glasswala] 18/12/2018 09:38

Only 4000 tonnes sold in 3 months that just pays for Rufus. This company is going no where except to the new lenders who will take it over for a song.

[jacksonpollack] 13/12/2018 12:47

Could we at least have an RNS to let all shareholders treading water, know what dufus actually does to warrant £3700 per week? Share buying in his own company certainly isn't in the equation.

[jacksonpollack] 13/12/2018 09:44

A blip. Once dufus sees the share price rising he'll get straight onto it so it goes back down. It's the only thing he is good at. Not bad for £196,000 a year + extras for FA.

[mrshaungcm] 12/12/2018 20:16

on the up - or a blip

[amrishbhim] 11/12/2018 10:25

MC Mining Limited Chapudi Project - Mining Right GrantedSource: UK Regulatory (RNS & others)TIDMMCMRNS Number : 0297KMC Mining Limited11 December 2018ANNOUNCEMENT 11 December 2018CHAPUDI PROJECT - MINING RIGHT GRANTEDMC Mining Limited ("MC Mining" or the "Company") is pleased to announce that the South African Department of Mineral Resources ("DMR") has granted a mining right for its 74% owned Chapudi coking and thermal coal project ("Chapudi Project") in the Limpopo province. The Chapudi Project, together with the Mopane and Generaal Projects, comprise the Company's longer-term Greater Soutpansberg Project ("GSP") situated in the Soutpansberg Coalfield.The GSP is located within close proximity to the Musina-Makhado Special Economic Zone ("SEZ"), an area designated by government to focus on amongst others, energy and metallurgical processing.The Chapudi mining right is the first of the three GSP mining right applications to be granted; these applications were submitted to the DMR during 2013. The Chapudi Project alone contains over 6.3 billion gross tonnes in situ of inferred coal resources(1) and supports MC Mining's strategy to be a substantial producer of hard coking coal, used in the steel manufacturing process and typically attracting a significantly higher sales price compared to thermal coal.David Brown, MC Mining's Chief Executive Officer commented:"The granting of the mining right for the Chapudi Project is a key step in unlocking value from MC Mining's significant coking and thermal coal assets and positions the GSP to be a potential long-term coal supplier to the planned Musina-Makhado SEZ. The Mopane and Generaal Project mining right applications are at an advanced stage and we anticipate that these will be granted in the near future. Following this, the Company will commence with the various studies required for the outstanding water and environmental regulatory approvals.We continue to advance our flagship Makhado hard coking and thermal coal project and the November 2018 agreement to acquire the Lukin and Salaita properties facilitates the completion of geotechnical and related infrastructure studies for the proposed colliery. Further, recent Makhado Project milestones include the conclusion of a hard coking coal off-take agreement while negotiations for the remaining hard coking coal as well as the thermal coal and funding initiatives are progressing and updates will be provided when appropriate."

[scoots] 10/12/2018 08:41

Oh, thanks scoots. Nice to speak with you!

[scoots] 10/12/2018 08:40

I'm still here scoots

[scoots] 07/12/2018 16:59

Where’s everyone gone?

[telbap] 23/11/2018 08:02

Also note the new "loan" with the claim brothers. 20% upfront premium plus one year deferred capital repayments, and a 5% share bonus on top. Used to buy £100,000 worth of equipment and the rest in crimbo bonus to rufus.But harken, I hear your cry, what happened to the thousands of tonnes of coal sold at fair "market" value ?Apparently the funds from that were used to cover a combination of Rufbonus and Bonusruf. Please don't be fooled they are not the same thing.RNS ends.

[telbap] 23/11/2018 07:50

Tumble weed town on here. Sounds like rufus has finally succeeded in killing this company.......click, exit stage left in darkness

[vatnabrekk] 13/11/2018 12:00

I'm thinking we need a change of management.

[jacksonpollack] 06/11/2018 18:29

Milking, milking, milking. Ever get the feeling you've been had ...? Another £4K heading into Dufus's bank account for another week of shafting shareholders.

[1madmarky] 06/11/2018 17:54

They are not making money. The progress towards a point where they would be making money has been at a snail's pace. As usual LTH get screwed.

[whoppy] 06/11/2018 09:09

For a tiny Mcap they've got financing and a way to pay the loan back in cash, with a backstop being the issue of shares. The facility doesn't have to be used to the max, and with $750k being immediately available and production due to be ramped up, and now 24hr mining, then I am sure that the first part of the loan can be covered by revenue at $45k per month repayments, otherwise the loan would not have been forthcoming. I'm sure the option of issuing shares is there for Lind, who if they see that their loan can be paid may elect to take shares, instead of cash, and profit from any increase in the share price. There is a base of 0.29p of the issue price to Lind, so the share price should be north of that if it's attractive to take the shares. Increased production should see that possible. I would think there are some bigger coal contracts due to be signed.

[rich2006] 06/11/2018 08:55

The shareholder group did a great job of stopping Rufus
Placing shares. NOT
Anyone would think that the bod are deliberately screwing existing shareholders with a deal like this.
F—-ked if you do and F—-ked if you don’t

[vatnabrekk] 06/11/2018 08:21

Best thing they can do is to arrange a placing for shareholders funds to repay this loan immediately. Convertible loans based on VWAP are murder.

[whoppy] 06/11/2018 07:59

The loan can be paid back in a mixture of cash and shares or cash. There is a floor price of 0.29p. It looks a cheap loan. They might not need all of the facility. With coal being produced I am sure that $45k a month cash to repay the loan is no problem. They will be digging coal 24/7. Interest is cheap and it's spread over 20 months.

[chassenon2ken] 06/11/2018 07:36

This must be Rufus Shorts final fling,whichever way you look at this it is a massive dilution to EDL.If the General Meeting to be held by mid February does not pass the issue of more shares to cover the borrowed money then imo this will go bust.Expect a small bounce this morning until people realise what a bad deal this is then this will continue its steady progress down.Again there are no figures regarding coal sales ,soon be wet season again.

[jacksonpollack] 05/11/2018 17:36

This is a con and needs the serious fraud office to take a look. The guy at the top is getting rich whilst everyone else is getting ripped off.

[whoppy] 02/11/2018 20:13

Weird day here really, Lot of fuss about nothing. Just panic selling and panic buying..Lol