Edenville Energy Share Discussion Threads

[gardenboy] 19/7/2023 18:41

Good evening all. Nice day and just the start of things to come

[iceagefarmer] 19/7/2023 18:03

need about 45p to break even spread bet

[whoppy] 19/7/2023 16:55

Just the start of the re-rating.

[blue59] 19/7/2023 16:32

Day's No3 % riser and No1 without an RNS. Have an enjoyable evening one and all.

[blue59] 19/7/2023 14:29

BB I was the only morning buyer (only trade at all in fact) a couple of days ago, was joined by a couple more in the afternoon but it felt weird for a Co in play!.

[whoppy] 19/7/2023 13:48

Remember the 1.2m buy last week.

[bargainbuyer] 19/7/2023 13:47

Insiders loading up as I am not seeing any sign of the herd thus far.

[whoppy] 19/7/2023 13:42

20p shouldn't be a problem. When they did a consolidation it was 33p.

[bargainbuyer] 19/7/2023 13:38

I don’t think we’ve seen anything yet.
The best days are ahead of us….

[tomboyb] 19/7/2023 13:29

going on a run -

pity I sold a few earlier -

still hold a tiny bit -

[blue59] 19/7/2023 13:20

make that £690k

[blue59] 19/7/2023 13:18

Plus another £600k

[blue59] 19/7/2023 10:17

Of course, thanks!

[whoppy] 19/7/2023 10:13

Currently 38.86m shares in issue = £3.98m Mcap.
ADVFN are always out of date when it comes to the number of shares in issue for companies. They don't update.

[blue59] 19/7/2023 10:03

Why do you cite market cap as £4m whoppy? Isn't it currently 2.2m? What am I missing?

[whoppy] 19/7/2023 09:47

Yep, Such a low market cap for what EDL have. With QGC and Mr Brewer taking 30% of the company and access to funding and equipment, that 143M tonnes of JORC compliant coal resource valued at £4m is ludicrous. Plus the zinc project in Zambia being acquired the Mcap should get to £50m, imo.

[gardenboy] 19/7/2023 09:41

Sensible rerate to higher levels continues

[whoppy] 18/7/2023 19:04

Should start moving into double figures this week now 10.5p is here. £4m Mcap is too low.

[gardenboy] 18/7/2023 11:56

MCM coal mining in SA has a mcap of over 30m pounds and has a jorc of 109mt whereas EDL has a jorc of 173mt.MCM has no mine yet and aren't producing any coal.Ridiculously cheap here

[space_dust] 18/7/2023 11:41

People taking a position ahead of the AGM, remember the 2 new investors have millions of warrants priced at 25p, they are not here for a 10% turn.

This has been under the radar for a while but Jason Brewer has been busy behind the scenes looking at new projects in Tanzania Zambia and Zimbabwe, exciting times ahead.

The company will be renamed Shuka Minerals Plc.

[mrmcnee] 18/7/2023 11:26

Market wants a premium for just 10,000 shares currently, looks like this has further to run to the upside.

If the herd arrives 17p would be blown out of the water given this is a low liquidity stock.

[one2go] 18/7/2023 09:25

When it breaks 10.5p the next target is 17p, so few shares in free float means moves can be dramatic.

Sub £4m m/cap is peanuts.

[whoppy] 18/7/2023 08:36

I think stock is quite tight. If you can get some then do.

[mrmcnee] 17/7/2023 07:16

Positive chart for EDL with 17p near term target price

[blue59] 14/7/2023 08:05

I concede I may have been wrong!