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EDL Edenville Energy Plc

14.25
0.00 (0.00%)
28 May 2024 - Closed
Delayed by 15 minutes
Edenville Energy Investors - EDL

Edenville Energy Investors - EDL

Share Name Share Symbol Market Stock Type
Edenville Energy Plc EDL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 14.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
14.25 14.25
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 16/8/2023 09:42 by whoppy
Noel Lyons, Edenville Energy Plc CEO, said:

"I'm delighted to confirm the appointment of London-based Peterhouse Capital as our new joint corporate broker, supporting our expanded executive management team in our growth strategy.

"With our existing broker Tavira, we look forward to working with Peterhouse in strengthening our reach and attractiveness to a broad range of investors."
Posted at 09/8/2023 09:06 by whoppy
Still under the radar aswell. 12 months ago it was at 14p, 2 years ago 32p and 3 years ago 50p. And that was just with Rukwa coal mine sitting there doing nothing. Now have a cornerstone investor and a new mine asset coming aswell as ramping up of production at Rukwa or possible sale. 143M tonnes of Jorc compliant high quality coal resource worth an easy £100m. If they sold Rukwa it would be about 100p + a share.
Posted at 07/8/2023 03:22 by bargainbuyer
I will let investors draw their own conclusions as that is one solid interview. Lots to come.
Posted at 18/7/2023 11:41 by space_dust
People taking a position ahead of the AGM, remember the 2 new investors have millions of warrants priced at 25p, they are not here for a 10% turn.

This has been under the radar for a while but Jason Brewer has been busy behind the scenes looking at new projects in Tanzania Zambia and Zimbabwe, exciting times ahead.

The company will be renamed Shuka Minerals Plc.
Posted at 15/6/2023 16:47 by yaki
BB
Is it 1000%? As I see straight after consol, was 2.5p - up to 12.5 - more like 400%

Also JB mentioned 15 x at his Indaba presentation. Was the price lower than 2p post consol? Am I missing smth?


BargainBuyer 15 Jun '23 - 13:26 - 13593 of 13594

Brewer says he is going to turn EDL into ‘something special.’
Billionaire investor onboard with 25p warrants.
I’m not going to bet against the new team here and so i suspect 150% rise is fairly conservative.
Look what the same team have done at MARU. Over 1,000% so far in short order.
Posted at 15/6/2023 13:26 by bargainbuyer
Brewer says he is going to turn EDL into ‘something special.’
Billionaire investor onboard with 25p warrants.
I’m not going to bet against the new team here and so i suspect 150% rise is fairly conservative.
Look what the same team have done at MARU. Over 1,000% so far in short order.
Posted at 02/6/2023 08:09 by mally6
Looks like new investors are not hanging about with this should relate from here only 3mill mcap
Posted at 18/5/2022 14:22 by profit7
Huge heads up from the company,
Next news of confirmation and it does 100% rise.
Unless investors get in before the next Rns.
Plan is to get in before the herds arrives, seen how vast Went from 0.22 to 2.5p
Posted at 28/9/2021 08:13 by nasarsaddique
RNSHalf-year/Interim ReportShareInterim ResultsEDENVILLE ENERGY PLCReleased 07:00:02 28 September 2021RNS Number : 1276NEdenville Energy PLC28 September 2021 28 September 2021EDENVILLE ENERGY PLC("Edenville" or the "Company") Interim Results for the six months to 30 June 2021 Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, announces the Company's unaudited interim results for the six months ended 30 June 2021 (the "Period"). HighlightsThe Period has seen a significant positive change in prospects for the Company. On 15 January 2021, the Company announced that it had raised £900,000 (before expenses) by way of a placing of 3,600,000 new ordinary shares at a placing price of 25p per ordinary share with new and existing shareholders.On 15 January 2021, the Company announced that it had reached agreement with Lind Partners LLC ("Lind") regarding its outstanding funding agreement and, on 22 June 2021, the Company announced that it had repaid in cash the full outstanding amount owed to Lind.On 5 May 2021, the Company raised £2,475,000 (before expenses) by way of a placing of 9,900,000 new ordinary shares at a placing price of 25p per ordinary share. Investors also received one warrant for every placing share. If these warrants are exercised in full the Company will receive a further £2,475,000 for the development of the Company's business.As part of the fund raising in May 2021, a new strategic investor, Anthony (Tony) Buckingham, took an 18.5% stake in the Company through an investment of £1 million, with the majority of the balance of the funds raised coming from the Company's substantial shareholders. Mr Buckingham is well known in the natural resources market, particularly in Africa, having been CEO and major shareholder of Heritage Oil Limited from 2006 until its acquisition by a wholly-owned subsidiary of Qatari investment fund, Al Mirqab Capital SPC, in 2014 for a consideration of US$1.6 billion. His wealth of experience and broad network of relationships is expected to prove highly beneficial as Edenville looks to add additional assets into the Company.The period saw a significant increase in coal prices globally, with this trend continuing post period also. This has led to renewed interest in the supply of coal from the Company's flagship Rukwa project. With an improved cash position, the Company is targeting additional asset acquisitions, leveraging the natural resources and capital markets expertise of its Board and significant shareholders. Post period end Franco Caselli was appointed as a Non-executive Director of the Company to assist with its future development.
Posted at 29/6/2021 11:50 by nasarsaddique
CHIEF EXECUTIVE OFFICER'S REPORT Period Review The period has been characterised by: - A restructuring of the operation of the Company's Rukwa Project and closing of three agreements with a strategic partner;- The impact of the Covid-19 pandemic on Rukwa and Tanzania as a whole; and- Adverse weather events that impacted production in the early part of the year. In order to appropriately progress the Company's Rukwa Project three contracts were put in place during the year. These agreements were reached with two different companies, although both have the same principal shareholder, a Dubai-based Tanzanian with extensive experience in logistics in east Africa. The three contracts comprise a coal mining agreement and a US$1million loan agreement with Infrastructure and Logistics Tanzania Ltd ("ILTL"), and a sales and marketing agreement with MarTek Ltd. The expected handover of operations under these contracts has been delayed due to the Covid-19 pandemic. It has been difficult to quantify the overall impact of the Covid-19 pandemic on Tanzania as the country has not implemented widespread testing or reported details on cases in the country. The Company understands that the virus peaked at the same time as Europe with some lockdown and social distancing practices in place. Although the Tanzanian President announced a return to "business as usual" in mid-May 2020, logistically the movement of people in and out of Tanzania remained very difficult throughout the year. Rukwa and the complete Western Highlands region experienced an extended weather event during the 2019-20 wet season with extensive rains from December 2019 to April 2020. This again impacted production in the first quarter of 2020, before the temporary closure of the mine due to the Covid-19 pandemic. Some production was taken from the southern pit during the first half of the year, but access to the northern pit became problematic due to road conditions. These were resolved post the Covid-19 lockdown as advised in the Company's announcement of 20 August 2020. With the assistance of two rounds of funding during 2020, together with further funds raised post year end, the Company is in a much improved financial position with its existing legacy debt also settled post period end.. The equity funding rounds during 2020 were as follows: - £700,000 was raised in January 2020 and was subscribed for by existing major shareholders and one new major investor. - £500,000 was raised in June 2020 all the funds coming from the same existing major shareholders. Lind Partners LLC In November 2018, Edenville entered into a loan facility with Lind Partners LLC ("Lind") for a principal of US$750,000. Repayment of the loan commenced in September 2019 with cash payments of approximately US$51,000 per month, though Edenville had the option of payment through shares. Payments were made on a regular basis to Lind between September 2019 to March 2020 inclusive, before a payment holiday was agreed with Lind as a result of the disruption related to the Covid-19 pandemic. The Company announced on 6 October 2020 that Lind had initially requested that Edenville repay the total outstanding balance of the Funding Agreement by 30 November 2020. The Company subsequently entered into discussions with Lind regarding the repayment terms of the Funding Agreement and this matter was resolved in January 2021. Post period end on 22 June 2021 the Company announced that it had now repaid in cash the full outstanding amount owing to Lind under the Funding Agreement and the Company has no further outstanding obligations to Lind. Corporate Social Responsibility The Company has continued to take its corporate and social responsibility very seriously. We understand that Edenville must meet the social requirements of an operator in Tanzania. The construction of a mining operation at Rukwa has already provided several opportunities to improve infrastructure for the local community, the most visible being the construction of the road from Kipandi, past Mkomolo village and beyond, to the mine. This has opened-up a major artery in the area which services farmers and the local population, as well as the mine itself. At Rukwa, wherever possible, we have sought to employ local people from the surrounding villages. Many of the operators and management are local and are proving to be highly competent and skilled employees. The positive social benefits also overflow into the general community where enterprising individuals are providing services such as food supply for workers. Summary 2020, as with 2019, was a difficult year, primarily given adverse weather events, liquidity constraints and the impact of the Covid-19 pandemic. However, following the closing of the three agreements with the strategic partner over the 2020 summer, we believe the Company ended the year much better placed with regard to its Rukwa project. However, their implementation has been hampered by the impact of the Covid-19 pandemic. The Company has, to date, not attempted to draw down on the loan arrangement with ILTL. As business conditions improve we believe the Company is well placed to take a major step forward through the adoption of this new operational structure that is designed to ensure Edenville draws revenue from every tonne of washed coal sold from Rukwa. Post Period Post period has seen a major positive change in prospects for the Company. On 15 January 2021, the Company announced that it had raised £900,000 by way of a placing of 3,600,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a placing price of 25p per ordinary share with new and existing shareholders (the "January Placing"). Further, it announced that it had reached agreement with Lind regarding its outstanding funding agreement in that the Company were to pay Lind US$116,000 in cash by 31 January 2021 with the remainder of US$464,000, to be repaid in monthly instalments of US$50,000 starting from the end of April 2021. On 5 May 2021, the Company conditionally raised £2,475,000 (before expenses) by way of a placing of 9,900,000 new Ordinary Shares at a placing price of 25p per Ordinary Share (the "May Placing"). Investors also received one warrant for every Placing Share. If these warrants are exercised in full the Company will receive a further £2,475,000 for the development of the Company's business. As part of the May Placing a new strategic investor, Anthony (Tony) Buckingham, took an 18.5% stake in the Company through an investment of £1million, with the majority of the balance coming from the Company's substantial shareholders. Mr Buckingham is well known in the natural resources market, particularly in Africa, having been CEO and major shareholder of Heritage Oil Limited from 2006 until its acquisition by a wholly-owned subsidiary of Qatari investment fund, Al Mirqab Capital SPC, in 2014 for a consideration of US$1.6 billion. His wealth of experience and broad network of relationships is expected to prove highly beneficial as Edenville looks to add additional assets into the Company. With an improved cash position, the Company will continue to target additional asset acquisitions, leveraging the natural resources and capital markets expertise of its Board, and significant shareholders On 22 June 2021, the Company announced that it had repaid in cash the full outstanding amount of US$373,625 owed to Lind under the Funding Agreement dated 6 November 2018. Although the Company has faced a difficult environment over the last two years, the business' outlook is looking more positive for the remainder of 2021 and beyond, supported by the following recent developments: - As announced on 24 June 2021, the Company has commenced the sale of coal fines and has 2 trial shipments in place which, subject to the trial, could lead to significant contracts. - As announced 24 June 2021, the Company has recommenced discussions with the Tanzanian Government and recently been invited to submit an unsolicited proposal for the supply of coal to an on-site power station owned and operated by the Tanzanian Government. The Tanzanian Government power planning program shows the need for a base load plant by 2026.- The overall business environment in Tanzania is increasingly positive following the appointment of a new President and subsequent demonstrated intent to support investment in the country. As a further sign of improving conditions, in recent weeks the Company has had several enquiries regarding coal supply to neighbouring East African countries. Alistair MuirChief Executive Officer

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