Edenville Energy Share Discussion Threads

[blue59] 01/10/2021 10:34

JohnCasey, the point for the BoD is their continued remunerations. For the poor old shareholders none!

[johncasey] 30/9/2021 19:45

whats the point of being in business if they cant generate a decent profit..id jack mine in

[blue59] 28/9/2021 20:22

PS Google is failing me for once and I may be way off on the average price per tonne, it may be much higher ($200+ recently for thermal) and thus the quantity sold much lower!

[scoots] 28/9/2021 09:36

It is an absolute disgrace. Kids with paper rounds show a more impressive balance sheet. The entire board should be ashamed of themselves.

[nasarsaddique] 28/9/2021 08:13

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.

[frankandbeans] 22/9/2021 08:53

China pulls the plug on coal to power projects abroad knock on for NCCL EDL KIBO or knock off what a shame.

[tesyr72] 14/9/2021 13:53

2019.. with a break in 2020 sometime before the excitement lured me back... will never learn! Largest holding currently across portfolio. And the worst to date. (Bar SXX...)

[scoots] 14/9/2021 13:43

Seems like ferfukinever.

[frankandbeans] 14/9/2021 09:43

How long have people been invested here? Straw poll? And when did the claims of news soon start to sound stale?

[frankandbeans] 09/9/2021 11:06

These coal plays are really sponges for investment aren’t they?

[ultimatejustice9] 25/8/2021 19:12

90K buy after the bell

[scoots] 25/8/2021 10:42

I would have said 'two great minds' but for the fact that we're both in here.

[therealtonythetiger] 25/8/2021 10:33

lol exactly what i was thinking

[scoots] 25/8/2021 09:53

Another mouth to feed

[therealtonythetiger] 25/8/2021 09:39

Wed, 25th Aug 2021 07:00

RNS Number : 6632J
Edenville Energy PLC
25 August 2021

25 August 2021

Edenville Energy Plc

("Edenville" or the "Company")

Appointment of Non-executive Director

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to announce the appointment of Mr Franco Caselli as a Non-executive Director of the Company with immediate effect.

Franco Caselli has a degree in Geology from Florence University, and he is also a geoscientist professionally chartered by the Swiss Association of Energy Geoscientists and a member of the International Geothermal Association.

Mr Caselli has more than 40 years of experience in the energy sector having previously worked with majors ENI, Fina, BP and Norsk Hydro and with US and UK independents OXY, Hunt Oil and Heritage, gaining considerable energy business experience in Southern Europe, Africa, Middle East, Far East and North Sea. Professional roles range from exploration leader to business developer and general manager.

He has worked across both the hydrocarbon and renewable sectors in geothermal and solar energy and is the director of geothermal exploration with new high temperature technologies for Geolog Green Energy. He previously worked for Enel Green Power in deep high enthalpy projects in Italy and Latin America. He founded Terracon Resources S.R.L. which was involved in energy and mining projects in South Europe and Africa and has also managed integrated energy projects with international institutions and governments.

Jeff Malaihollo, Non-executive Chairman of Edenville commented: "I am delighted to welcome Franco to the Board of Edenville. He brings with him a wealth of both operational and energy market experience, in many countries across the globe. We look forward to benefitting from his skills, advice and guidance, particularly as we review additional opportunities following our recapitalisation earlier this year."

[therealtonythetiger] 24/8/2021 10:21

Still not reached 3000 tonnes per month..
Seems to be another carrot RNS..

[volsung] 24/8/2021 08:58

So this is where the English Defence League hangs out

[scoots] 24/8/2021 08:42

Too many people have been stung by this. Confidence is unlikely to return any time soon.

[glasswala] 24/8/2021 08:28

They have been saying this for past 5 years. Nothing new. Lots of contract news but no real monthly contracts. This company has not produced a single shilling of profit in all these years and will never do so. Only the directors will pocket all the money leaving the begging bowl to come out shortly.