Edenville Energy Share Discussion Threads

[therealtonythetiger] 20/1/2021 18:41

Not a bad day

[tomboyb] 20/1/2021 12:09

40p+ coming -

[therealtonythetiger] 20/1/2021 11:26

Ticking up nicely

[cricket mad] 18/1/2021 15:03

They are great and love their cricket.

[therealtonythetiger] 18/1/2021 14:09

I was in Sri Lanka a few years back spent over 3 weeks there (not for the cricket).. Loved Galle and probably the nicest people ive ever met on my travels.. Ive got a great photo of some kids playing cricket on the beach as the sun was going down.. I will try to dig it out..

[cricket mad] 18/1/2021 13:53

Thanks folks...and the English Cricket Team beat Sri Lanka in the 1st test this morning so all not bad in the world.

[therealtonythetiger] 18/1/2021 12:21

I cant argue with any of that..

[scoots] 18/1/2021 11:36

All sounds reasonable Cricket Mad, let's hope you are right.

[cricket mad] 18/1/2021 09:10

First of all for transparency I hold a sizable amount of these shares, so of course prefer to be an optimist than a pessimist. Last weeks announcement removed my main concern (I was not worried about Lind as money always talks and no one wants to lose - always a solution). The main concern being whether ILTL would pull out of the venture due to the delay as I feel they are the source of my and others optimism. EDL have demonstrated that they do not themselves have the capability to mine the expected tonnage and having a tried and tested company operating the mine removes this concern. The mine currently has capacity for 12500 tons (which is great news as this was a target on RNS 26th August 2020) but it needs to be delivered and also esquimo (post 528) asks some good questions on shifts, output etc. I would think they would try to increase capacity in the near term, especially as they are likely to announce new contracts (they state they are in discussions - expect these to be announced before operations commence). Turning to sales - on the RNS 8th June 2020 the sale price per tonnage was pre-agreed at standard market rates (currently 65$ per washed tonnage - circa £50). At the standard rate this means delivered 12500 tons of washed coal per month would result in circa £625K or £7.5m pa (12500 x £50) and then transport costs are added. IlTL undertake to provide an anchor tenancy of 3000 tonnes (£150Kpm or £1.8m pa) immediately rising to 5000 tonnes (£250K or £3m pa) over 12 months (RNS 26th August 2020). Taking the £250K pm target (5000 tonnes this should easily be achievable and therefore the current market capitilisation of £3m is woefully inadequate (if you take into account plant and machinery and overall tonnage in the mine). Considerations are the rainy season but in the RNS 20th August 2020 they stated that the main access road and road to the northern pit to the wash plant were mended and since operations are not due to start until Feb some of the rainy season would have passed (also they have been meeting per-ordered sales as well). Funds - they have the proceeds of the recent placing less Jan payment to Lind so circa £750K plus they still have the 1m$ loan agreement as part of the overall relationship with ILTL (not sure what has happened to that though) - so funding not an issue. Looking at the 12500 capacity and my previous figures then a market capitalisation within the next 3-6 months of around £6-7m would not be unreasonable resulting in a shareprice (even with the new shares) of around 60 to 70p. Add new contracts and rise in capacity (with more detail on production numbers and the dry season from April, then potential for much more. Of course just my musings and DYOR which is what I have done! Good luck all

[therealtonythetiger] 15/1/2021 17:13

Not a bad day finished 27% up. (excl spread)

[therealtonythetiger] 15/1/2021 10:23

Ive been called worse.. :-)

[scoots] 15/1/2021 10:06

Hey, there might be life in the old dog yet. (Not you TRTTT)

[therealtonythetiger] 15/1/2021 09:42

Talking of morons how you doing Roks

[roks] 15/1/2021 09:33

and the rinsing cycle begins.....again.

[therealtonythetiger] 15/1/2021 09:33

Yeah im on a free run now. tip: Never get in a mining company at the start of its life as the average time from discovery to production is 10-12 years. All the idiots crying everyday were obviously too stupid to know this and got in at the beginning..

[tomboyb] 15/1/2021 09:25

Tony - I did 0.02p to 0.10 -0.11 or 100- 110p previously when EDL fell of a cliff as it has now - Subsequently it went further to 0.16p or 160p - I hold a few again -

[therealtonythetiger] 15/1/2021 09:23

tomboy It will be interesting to see if all the whingers/moaners now sell up and move on. I doubt it as i dont believe half of these so called investors have any money on the line..

[apfindley] 15/1/2021 08:52

So whats todays news for the rise.Another placing . Great.

[tomboyb] 15/1/2021 08:32

Did well before consolidation from 0.02p to well over 0.1p - 100p+ - Went to 0.15-0.16p -

[tomboyb] 15/1/2021 08:21

NT at 33p -

[therealtonythetiger] 15/1/2021 08:10

As ive said previously EDL needs some solid contracts going forward to underpin the company. Its been a tough year for a lot of companies so just hoping the worst is behind us.. Lets see what happens.... currently 29.88 - 33.23 up 23% with a 10% spread..

[tomboyb] 15/1/2021 08:07

Funding in place - Debt sorted in terms of payments - Lets see where it goes -

[tomboyb] 15/1/2021 08:02

Positive indeed -