Edenville Energy Share Discussion Threads

[never_say_never] 30/11/2015 06:38

I think this is the beginning of an interesting week for us holders...IMO

[nina65] 29/11/2015 22:06

Hi jp,
What is your expectation here as you post quite a lot...thanks...

[kevinhoff] 29/11/2015 18:31

Are Tanzania represented in London.
Surely the best place to meet anyone
is where you have your assets. Tanzania next week

[jacksonpollack] 29/11/2015 17:20

So the bod are going on a jolly to Africa when if they had stayed at home Africa would have come to them

Events

1-2 December: Global African Investment Summit 2015, London
The Global African Investment Summit in London is a leading international platform, bringing high-level African government and investors to London to discuss investment opportunities into Africa. The event is run in partnership with 6 African Heads of State, 30 Ministers from across Africa, 650 Private Sector Investors, Development Banks, Pension Funds, Sovereign Wealth Funds, Multilateral Investment bodies and 135 Pan African Project owners, and looking to drive long-term international foreign direct investment into African Power, Agriculture, Financial Services, Capital Markets, Oil and Gas and Critical Infrastructure projects. The programme agenda will address ‘Transforming African Economies for Global Competitiveness̵7;, covering the Natural Resources, Infrastructure and Power Sectors. New for 2015, sees the addition of dedicated sessions on Infrastructure, Real Estate and FMCG, a case study stream, and roundtable discussions addressing over 150 bankable projects.
For further information please visit the event website

[sausageonastick] 26/11/2015 11:48

In the run up to whatever happens at Powering Africa, just remember why we are here

The total in-situ tonnages contained within coal zones is now estimated at 173 million tonnes Measured, Indicated and Inferred for the three deposits evaluated, of which 57.5 million tonnes is Measured and Indicated at 17.42 MJ/kg (float density = 2.0, yield = 34.4%).

Just 35% of current coal resource has been assessed.

This provides sufficient fuel to support 50 year power plant.

Possible economics, on a 10c / KW hr tariff a 100MW plant would realise revenue of approximately $7m per month or $84m per annum. Fuel (coal) and running costs along with the cost of the financing would have to be subtracted from this.

The Directors of Edenville understand a planned power line from north to south along the western side of the country will pass close to Edenville's coal deposit.

Expression of Interest sign with Asian arm of EPC. Met with SEPCO (Asian EPC) at least twice (photo’s appeared on SEPCO website with Rufus Short twice).

Board reorganisation in June 2015 to reflect the needs of the business. This happened after meeting SEPCO where the Finance Director left the Board. My opinion is that this lined up Edenvilles Board structure to one that is favourable with SEPCO.

Commenced a water survey and sampling programme to provide data for the Power Plant EIA.

Cost analyses have been received from several EPC groups. Additional visits to Tanzania by potential partners are expected and continuing technical and commercial analysis by the groups concerned is being undertaken in conjunction with the Edenville team.

Publication of positive Power Plant Feasibility Study confirming the commercial viability of a coal-fired power station located at the Rukwa Coal Project.

Awarded the mining Environmental Impact Assessment ("EIA") Certificate which approves coal mining at the Namwele and Mkomolo coal deposits near Lake Rukwa in Tanzania.

Await Mining Licence approval, all in the hands of MEM. The submission of the Mining Licence Application to the Tanzanian Ministry of Energy and Minerals (MEM) was announced on 1 July 2015. Subsequent to the update provided on 23 September 2015 the Company is pleased to confirm that the further information recently requested by the MEM has been provided to them.

Edenville commenced formal review process of the Rukwa Power Plant Feasibility with Tanzania's MEM and Tanesco a key step in advancing the Rukwa Coal to Power Project to the development stage. This formal process will review and assess proposed power generation projects to satisfy commercial and regulatory requirements.

During Q4, when all interested parties will have concluded meetings and put forward formal proposals, we expect our discussions to reach a point where a structured, multi-party plan can allow the project to progress to the stage where advanced discussions on timing for project development can be entered into with the Tanzanian authorities.

[royalgv] 25/11/2015 17:10

Hardly surprising given we are now 25 days post 31 October and not a sausage on the mining licence...

[jacksonpollack] 25/11/2015 14:11

Look at the past 3 years. No matter what the spread has done the share price has kept falling and confidence too.

[dbno] 25/11/2015 13:58

Jp

The fact remains that a lot of private investors are put off by a wide spread (wrongly in my opinion). I still maintain, despite your eloquent rebuttal, that a narrow spread MAY encourage greater volume irrespective of whether or not the share price is affected.

[derano1] 25/11/2015 13:50

Mystic meg has spoken and said this is going to turn good.

[stevie050] 25/11/2015 11:39

The BoD will surely want an Xmas bonus & party..... maybe time for the next placing ? ;-)

[never_say_never] 25/11/2015 08:55

Jackson my boy.......By the end of next week ...mark my words..money for nothing and chics for free....lol

[dbno] 24/11/2015 16:15

The true spread has been very tight today. Maybe it will generate some serious volume.

[andrewh1] 23/11/2015 13:29

Mr. Pollack, cripes, you have mood swings of mega magnitude proportions, worse than my wife! LOL

[cricket mad] 23/11/2015 12:36

yep good move this morning - hopefully some news re the licence due and maybe commercial deal...

[whoppy] 23/11/2015 12:12

Boring?? The trend has changed.

[jacksonpollack] 23/11/2015 08:09

Boring zzzzzzzzzzz

[jacksonpollack] 20/11/2015 07:31

No red dote. Well there goes another boring week at Edl

[jacksonpollack] 19/11/2015 17:05

Sausage. The reason a lot of the bods are going is its free, well, all paid for by share holders. First class flights, accomodation, food and drinks and sightseeing. It wouldn't surprise me if they put all their gifts for family and friends whilst there on the shareholder tab as well. We want and need action here not freebies for the bod on top of their over generous wages.