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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Edenville Energy Plc | LSE:EDL | London | Ordinary Share | GB00BN47NP32 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.25 | 14.00 | 14.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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24/6/2021 07:30 | RNS Number : 9157CEdenville Energy PLC24 June 2021 24 June 2021 Edenville Energy Plc("Edenville" or the "Company") Operational UpdateandChange of Director Roles Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to provide an update regarding the Company's Rukwa Coal Project ("Rukwa" or the "Project"). The Company is pleased to report that following the recent induction of the new President in Tanzania and the lessening impact of Covid-19 there has been considerable positive sentiment in the region, which appears to be translating into business confidence and action. This has been further supported by a new approach to marketing of the Company's coal products. As a result of this, the Company is anticipating achieving a full order book over the next few months. - The Company has commenced the shipment of coal fines from the Rukwa mine site. To date over 1,000 tonnes have been transported with an expected ongoing demand of 1,000-1,200 tonnes per month. This material is being dug from existing stockpiles. - The Company expects to re-commence shipping washed coal in July to one of its anchor tenants with a supply arrangement of 750 tonnes per month having been agreed. - A trial shipment of 180 tonnes of washed coal has been dispatched to a local cement producer and subject to satisfactory performance of this coal an order of 3,000 tonnes per month is anticipated to follow in July. - An export order has been received for a trial shipment of 480 tonnes of washed coal. Subject to satisfactory performance a total requirement of 3,000-5,000 tonnes per month has been indicated from this customer. - 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 programme shows the need for a base load plant by 2026. In the event that all of these contracts materialise as anticipated in Q3 2021, this would equate to some 6,750-8,750 tonnes per month of washed call and 1,000-1,200 tonnes per month of fines. Consistent with the positive sentiment in the region the Company is working on a number of other supply opportunities in the East African region, for which further expansion of production capacity at Rukwa may be required. The status of the agreement with Infrastructure and Logistics Tanzania Limited ("ILTL"), as announced on 8 June 2020, will be reviewed once production rates at Rukwa exceed 3000 tonnes per month. Further announcements will be made as appropriate. Change of Director Roles With the return to more normal working conditions in Tanzania and the focus of the Company on exploring potential acquisition opportunities, acting CEO and Chairman Jeff Malaihollo has handed back CEO responsibilities to Alistair Muir. Jeff Malaihollo will continue to be Non-executive Chairman of the Company. In addition, the Directors are reviewing the composition of the Board, with the appointment of at least one additional non-executive director proposed to be made. Alistair Muir, CEO of Edenville, commented: "It is pleasing to see business beginning to return to normal in Tanzania and we look forward to realising the full potential of Rukwa. On the acquisition front we have recently spent time with our new strategic investor, Tony Buckingham, and we look forward to exploring opportunities with him and his team, alongside those provided by other parties." For further information please contact: Edenville Energy PlcJeff Malaihollo - ChairmanAlistair Muir - CEO+44 (0) 20 3934 6630 Strand Hanson Limited(Financial and Nominated Adviser)James HarrisRory MurphyGeorgia Langoulant +44 (0) 02 7409 3494Brandon Hill Capital Ltd(Broker) Oliver StansfieldJonathan Evans +44 (0) 20 7936 5200IFC Advisory Limited (Financial PR and IR) Tim MetcalfeFlorence Chandler+44 (0) 20 3934 6630 | nasarsaddique | |
24/6/2021 07:14 | great rns today! | johncasey | |
21/6/2021 07:20 | blue59..you're an idiot then | johncasey | |
21/6/2021 07:17 | Come on Nick and Tony tell us something to keep us all interested. You could at least explain what's really happening at Rukwa? | sweetp2 | |
08/6/2021 12:08 | Other than highlighting the corruption involved in doing business in Africa I’m not sure what relevance that has to EDL?! | blue59 | |
07/6/2021 20:47 | loads of coal needed! SOUTH AFRICA’S POWER GRID STRUGGLES WITH HIGH HEATING DEMAND The majority of southern Africa has been experiencing anomalous cold of late. Below were the forecast anomalies for Sunday, June 6: GFS 2m Temperature Anomalies (C) for June 6 [tropicaltidbits.com As a result, South Africa’s electricity grid is struggling to cope with the high-heating demand. Power utility Eskom is failing to keep up with the maintenance of its ailing power stations — and with winter setting in early this year, South Africa is on course for more outages than ever before. This warning comes from energy expert, Chris Yellend, who recently told the City Press that Eskom’s plan to decommission six units at coal-powered plants in the coming months could potentially push load shedding to stage 5, and beyond. The power utility has said that the national grid will come under severe pressure during the winter months, as electricity demand increases as temperatures continue to drop. In December 2019, Eskom and municipalities in South Africa updated their load shedding schedules to go up to stage 8, after the country was forced into stage 6 load shedding. Stage 4 load shedding removes 4,000MW of power from the grid, leaving homes and businesses without power for longer. Stage 5 removes 5,000MW, stage 6 removes 6,000MW, and so on and so on… The unprecedented “stage 8” load shedding could be on the cards in the near future, as an aging infrastructure plus low solar activity-induced cooling threatens a disastrous combo in 2021. Consumers would be in darkness for 48 hours over four days under stage 8 shedding — or half the day would be spent without power, explains businesstech.co.za. Aside from the direct impact on citizens being unable to put the lights on and heat their homes, the extended load shedding also has dire consequences for the economy. Yellend previously calculated that the South African economy effectively loses out on R1 billion worth of productivity per stage of load shedding, per day — at stage 4, that would be R4 billion lost every day. Government says it is moving urgently to resolve South Africa’s energy crisis, but two major projects have already hit stumbling blocks amid claims of political interference — a contract to supply additional power to the grid using Turkish power ships is facing accusations of tender-rigging and corruption. Meanwhile, energy minister Gwede Mantashe’s decision to limit individuals and private companies to generating only 10MW of power themselves is also creating unnecessary politically-driven bottlenecks in stabilizing power supply. Many are calling for Mantashe to be removed from office. | johncasey | |
25/5/2021 13:26 | Zzzzzzzzzzzzzzzzzzzz | therealtonythetiger | |
25/5/2021 13:17 | RNS Number : 7679ZEdenville Energy PLC25 May 2021 25 May 2021 Edenville Energy Plc("Edenville" or the "Company") Result of General Meeting Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania announces that at its General Meeting ("GM") held earlier today all resolutions were duly passed. Admission to AIM and Total Voting RightsPursuant to the announcement on 5 May 2021 and the Circular dated 8 May 2021, following the passing of the resolutions put to shareholders today, the Company has issued 9,900,000 new ordinary shares of £0.01p each ("Ordinary Shares"), raising £2,475,000, before expenses.It is expected that admission of these shares will take place and trading in them will commence at 8.00 a.m. on 26 May 2021 ("Admission"). Following Admission, Edenville's issued share capital will consist of 21,645,575 Ordinary Shares.The Company does not hold any Ordinary Shares in treasury. Therefore, on Admission, the above figure of 21,645,575 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure, Guidance and Transparency Rules.This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. This announcement should be read in conjunction with the Company's announcement dated 5 May 2021 and the Notice of GM dated 8 May 2021. Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Notice of GM dated 8 May 2021. | nasarsaddique | |
16/5/2021 13:48 | Time to look at EDL?https://total-ma | burtond1 | |
06/5/2021 19:54 | Thanks Guys | therealtonythetiger | |
06/5/2021 07:52 | Edenville Energy PLCKEEP UP TO DATE WITH THE LATEST NEWSDATE06.05.21A real Game Changer for Edenville Energy PLC "...Critically for Edenville we have the right shareholder base, we have a good operating management team, we have a nice board, are now well capitalised and will be debt free..." Indeed that's a nice platform to relaunch Edenville Energy from.The company known for its Rukwa Coal to Power project in Tanzania is diversifying and it is doing so after raising £2.5 million and attracting a cornerstone investor in the form of oil and gas veteran, former Heritage Oil chief executive Anthony (Tony) Buckingham.Edenville | nasarsaddique | |
06/5/2021 06:45 | A real Game Changer for @EdenvilleEnergy"...Cr | burtond1 | |
05/5/2021 10:29 | Maybe, but that doesn’t mean we can’t make money off it’s share price in the meantime! | blue59 | |
05/5/2021 07:55 | They have had so many strategic investors that i have lost count. This company will never come good. | glasswala | |
05/5/2021 07:42 | john storey is invested here...good sign | johncasey | |
22/4/2021 15:04 | ZZZZZZZZZZZZZZZZZZZZ | therealtonythetiger |
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