Edenville Energy Share Discussion Threads

[rich2006] 06/12/2022 09:28

Rinse and repeat

[stockhunters] 06/12/2022 09:09

some good bits and bad bits

[bad gateway] 06/12/2022 07:25

Think the placing could have been higher given it was to the select few but stated twice this should bring them to a cashflow positive situation and allow them to lease a 2nd washplant to enable their targeted 10kT/M.

[dbno] 29/11/2022 16:00

3 sales of 1 share each. Seems weird.

[tim000] 12/10/2022 11:53

I believe Rukwa has 173 mn tonnes measured and indicated of high CV coal, which is in short supply due to the West’s green ideology. Tony Buckingham paid 25p per share before this year’s coal price hike. It’s true the company needs more capital to ramp up production, but on a longer term view Rukwa is enormously undervalued. NAV calcs could easily be north of £100 mn imho.

[blue59] 12/10/2022 11:38

Justifiably!

[stockhunters] 12/10/2022 10:05

starting to look mega cheap after that interview

[iceagefarmer] 11/10/2022 14:11

On the cusp of being a profitable company,worth a decent punt at this low market cap because it could easily be a 3 bagger or alot more

[nasarsaddique] 11/10/2022 13:56

https://twitter.com/EdenvilleEnergy/status/1579816496519577604?t=FEEemNTfNpsbMV2p1pslcw&s=19

[telbap] 11/10/2022 13:04

And that is the salient point, the company have never reviled how much they are getting paid.

[scoots] 11/10/2022 11:16

Is it too soon to get excited

[bandflex] 11/10/2022 08:59

Sept 29 RNS

Brahma have assumed full day-to-day operational management and control of the Rukwa mine, including covering all operational costs.

No costs for EDL, maybe not such a bad deal, especially if they achieve 6000t/m that would push net revenue to $6.6m at $170p/t.

[bandflex] 11/10/2022 08:53

coal-price.com

$170 per tonne anthracite coal (is that the same as thermal coal?)

At 4000 tonne per month, $40000p/m on first $35, $324000 at 60% on remaining $145, that gives revenue of $364000 p/m, $4.37m per year.

but at the moment nobody knows how much they will be paid.

[bandflex] 11/10/2022 08:22

Sept.29 RNS,

The revenue share arrangements under the Agreement give Edenville US$10 per tonne of washed coal sold at a minimum price of US$35 per tonne, plus 60% of any sales revenue above US$35 per tonne of washed coal.

Not that great if they sell into the local market, they had a deal at $35-$50 tonne when the international price was $125 tonne.

[nasarsaddique] 11/10/2022 08:07

11 October 2022EDENVILLE ENERGY PLC("Edenville", "Company" or the "Group")Rukwa Coal Project Operational Update Edenville Energy Plc (AIM: EDL) is pleased to provide an update on operations at its Rukwa Coal Project ("Rukwa") in Tanzania. Highlights - Production recommenced at Rukwa at an initial 4,000 tonnes per month of washed coal- Completed overhaul of wash plant expected to significantly improve output- Potential customer base has now been identified in excess of the previously targeted 6,000 tonnes per month of washed coal- Pricing discussions now exceeding the previously outlined range of US$35-50 per tonne Recommencement of production and improvements to the wash plant Following the planned servicing and repairs on the main machinery and wash plant at the Rukwa site, as well as the purchase of two additional trucks, the Company is pleased to report production and sales have now recommenced at Rukwa. In particular, the wash plant has benefited from significant repair and upgrades, which is expected to address historically poor performance. Since production of coal recommenced last week, under the day-to-day operational management of Brahma Energies Limited ("Brahma"), as detailed in the Company's announcement of 16 August 2022, output from the wash plant has averaged 14.87 tonnes of washed coal per hour, consistent with the initially targeted cumulative monthly output of approximately 4,000 tonnes per month. Further refinements to operations will continue over the coming weeks, as Brahma seek to optimise output and further improve production rates of washed coal. The Company is also ensuring an inventory of spare parts is amassed at site, thereby minimizing any future down time. Further announcements will be made on levels of production in due course. Photos and videos of the operations at the Rukwa site will also be uploaded to the Company's website shortly. Update on sales and offtake With the wash plant now working consistently, the Company in conjunction with Brahma, expect to shortly enter into supply agreements with identified existing and new clients. The recommencement of production at Rukwa has coincided with a dramatic uplift in global thermal coal prices, which have risen from c.US$125 per tonne a year ago to c.US$450 per tonne in 2022, with Tanzanian coal now also being exported to Europe. This has positively impacted the sales price for Rukwa coal. Both the macro and micro outlook, coupled with the efforts of the new in-country marketing team to reach new customers, has led to significant progress with potential customers. The Company believes a potential customer base has now been identified in excess of the previously targeted 6,000 tonnes per month of washed coal at a net price greater than the previously estimated range of US$35-50 per tonne at the mine gate. Accordingly, the board is assessing further opportunities to enhance the production required to meet this increase in demand, and economics of the Rukwa project, especially given that at the current production rate, the Company expects to soon become cash generative. Further announcements will be made in due course, as appropriate.Noel Lyons, CEO of Edenville, commented:"I am delighted to confirm operations at Rukwa have recommenced. Since joining the board three months ago with my new fellow directors, we have overseen dramatic change at site. Operations have been overhauled, and new mining and processing equipment has been procured and delivered to site, whilst other parts of the existing infrastructure have been repaired and upgraded. Together with our new day-to-day operational management team at the mine, we are seeing our co-operation with Brahma bearing fruit already, with production now underway."This has coincided with a dramatic uplift across the globe in the thermal coal price, which has seen prices rise more than threefold over the last year, with Tanzanian coal now also being exported to Europe. This has naturally positively impacted the likely sales price for Rukwa coal, which now exceeds the previously reported guidance. Both the macro and micro outlook has led to potential customers coming forward and we expect to provide an update in the near term."Accordingly, with the Company expected to be shortly turning cashflow positive on the basis of current production levels and anticipated supply agreements, I believe the outlook for Edenville and Rukwa is now more promising than ever before. We will continue to optimise Rukwa where possible and I look forward to providing updates on additional progress in due course."

[rich2006] 29/9/2022 12:31

It has all been said before and excuse after excuse followed. Rainy season will be the next one for missing production targets. Imo

[scoots] 29/9/2022 11:20

While I have to concede that we are still very much a Mickey Mouse outfit, I would have expected today's RNS to send the share price up rather than down.

[nasarsaddique] 29/9/2022 10:40

RNS Number : 1577BEdenville Energy PLC29 September 2022 29 September 2022EDENVILLE ENERGY PLC("Edenville", "Company" or the "Group") Interim Results for the six months to 30 June 2022 Edenville Energy Plc (AIM: EDL) announces its unaudited interim results for the six months ended 30 June 2022. CEO's report Operational overview The six month period to 30 June 2022 was one of transition for the Company and prior to the significant management and operational changes that took place post period end, as further detailed below. On 3 February 2022 the Company's subsidiary Edenville International (Tanzania) Limited ("EITL") entered into a contract with Nextgen Coalmine Limited ("Nextgen") for the operation of the Company's Rukwa Coal Project ("Rukwa" or the "Project") in Tanzania. The agreement with Nextgen was subsequently terminated on 31 May 2022 following a lack of progress by Nextgen, allowing the Company to resume full control of the Project site and seek alternative arrangements for the operation of Rukwa in light of the macro changes that made the economics of the Project significantly more attractive. Following a period of consultation with several key shareholders, a number of significant changes took place post period end. CEO Alistair Muir, Non-executive Chairman Jeff Malaihollo and Non-executive director Franco Caselli all resigned from the board and were replaced by Noel Lyons as CEO, Paul Ryan as Executive Director and Andre Hope as a Non-executive Director. Nick von Schirnding assumed the role of Non-Executive Chairman. In addition, there were several personnel changes within the Tanzania based team, leading to a more coordinated and dedicated team fully focused on stabilising output and striving to grow the monthly output. Following their appointment, the newly appointed executive team signed an initial 12-month agreement (the "Agreement") with Brahma Energies Limited ("Brahma") on 16 August 2022, commencing immediately, to secure production and sales of a minimum of 4,000 tonnes of washed coal per month at the Company's Rukwa Project, with the potential to increase to a minimum 6,000 tonnes thereafter. Brahma are a local mine operator and commercial and logistics specialist having up to 70 transport vehicles on the roads of Tanzania. Their team is experienced in all aspects of operations, mine management and coal commercial sales. One of the significant attractions of Brahma to Edenville was an offtake which will enable Edenville to sell any of its washed coal produced to parties introduced by Brahma, as required.Since the signing of the Agreement, Brahma have assumed full day-to-day operational management and control of the Rukwa mine, including covering all operational costs, with ultimate oversight continuing to be provided by Edenville. Given local demand, sales are currently expected to take place to customers in Tanzania and adjoining neighboring countries.The revenue share arrangements under the Agreement give Edenville US$10 per tonne of washed coal sold at a minimum price of US$35 per tonne, plus 60% of any sales revenue above US$35 per tonne of washed coal. The global thermal coal price has reached new highs since entering into the Agreement and the Company is witnessing a knock-on positive effect on the domestic thermal coal price in Tanzania. The previously reported 'at gate' sales price range of US$35-50 per tonne for washed coal from Rukwa therefore appears robust. Once consistent production is established and Rukwa becomes a reliable source of coal for its clients, the Company anticipates its position in offtake negotiations is likely to be strengthened further.Following extensive servicing and repairs on the main machinery and wash plant at the Rukwa site, and the purchase of two additional trucks, final works are expected to be completed shortly, with production recommencing sufficient to achieve up to 4000 tonnes by the end of October 2022. The targeted production and sales increase to 6,000 tonnes per month of washed coal is expected to take place after the rainy season ends in March/April 2023.Edenville will continue to manage the Rukwa project and fund its corporate operational costs from its existing cash resources. Edenville, at its sole discretion, can also deploy additional capital to expedite production ramp up; any such capital deployed is to be repaid to Edenville before any profit share is paid.Edenville and Brahma continue to work closely to ensure maximum efficiency and whilst Brahma have only been on site for a limited time, we are encouraged by their performance. We look forward to reporting on production levels and offtake contracts in due course.Financial resultsFor the six month period ended 30 June 2022 the Company had revenue of £56,146 (H1 2021: £27,752). The Group made a total comprehensive loss for the period of £196,429 (H1 2021 loss of £513,497), which included a gain of £624,211 arising from the translation of the Tanzanian subsidiary accounts from US Dollars to Sterling.The net assets at 30 June 2022 amounted to £6,926,616 (30 June 2021 £7,842,563). In addition, post period end, the Company reached agreement for certain costs, amounting to £180,000, to be recouped following an earlier aborted acquisition process, which will strengthen the Group's working capital position pending revenue from coal sales in the coming months.Noel LyonsChief Executive Officer29 September 2022

[blue59] 16/8/2022 11:17

Coal currently trading at usd 407.50 per tonne.
I trust all holders were comfortably bent over for that one?!

[bad gateway] 16/8/2022 08:15

Can only presume that new management visited the mine as promised and decided they couldn't fulfill any of the contracts that they'd RNS'd before. To be fair they did say they were well over and above anything they'd done before.
At $10/T to EDL not sure why peeps would be interested in investing all the same.