Edenville Energy Share Discussion Threads

[1senn] 22/7/2023 09:54

Ultimately think the shift will be away from coal msx value out of rukkwa first

[1senn] 22/7/2023 08:44

The company will now have the means to get the new wash plant in .
The demand is there see below from share tslk last month .

The Company also continues to investigate the merits of bringing an additional wash plant to Rukwa given the ongoing discussions with potential customers that have indicated demand for an additional 8,000-10,000 tonnes per month of washed coal.  Non-equity avenues of funding to acquire an additional wash plant continue to be explored.

Additionally, the Company has undertaken significant work over the last few months with a view to expanding the resource and has identified an additional accessible coal seam at Rukwa to increase the potential of the project.

[1senn] 21/7/2023 15:22

Jason Brewer

@JB_MiningAfrica

·

5h

En route to Jo'burg again next week for meetings with Q Global on our progress with Edenville. Plenty to discuss ahead of the AGM in 2 weeks and to prepare for the second half of this year.

[1senn] 21/7/2023 14:49

Bargain

Do you know the value of the jorc reserve by any chance

[1senn] 21/7/2023 14:47

Flurry of buys

[1senn] 21/7/2023 13:11

Yes time to add is now market makers will play around for sure. AGM week after next

[bargainbuyer] 21/7/2023 12:58

It’s all healthy stuff if you ask me,
Best time to add on these chart dips before the next leg up, which is inevitable.

[1senn] 21/7/2023 10:40

There short on stock here if the herd arrived this would be 20p today but I prefer not steady rises better you can't buy over 250 k in stock now

[1senn] 21/7/2023 10:14

100k buy at 12 p some games being played.

Next year those warrants will be sold at 50p + imho 30 mill market cap

[whoppy] 21/7/2023 10:05

I think there are a few buys this morning but they are shown as sells. MM controlling the price.

[blue59] 21/7/2023 10:00

All true, but doesn't explain the lack of any buys. I'd like to see more buying raise the price than overly pie in the sky bb posts.
PS But I'm in a bad mood anyway this morning!

[whoppy] 21/7/2023 09:54

Some take small profits, others see a sell and so think they should sell, sometimes the MM moves the share down to get sells if they are short of stock and know that an increase will be coming. Lot's of reasons. The thing at the moment is news from the new management has not yet been released and quite a few will hold off until they know what's happening, by which time they will pay a premium. Nothing goes up in a straight line. I expect buying will kick in again when a buy or two appears and the share price will reverse with people seeing buys and thinking they should also buy. The Mcap is so tiny it won't justify the new management plans and so will rise in next couple of weeks. imo. 20p is easily achievable. Would only be £12m Mcap after the management have increased their holding to 30%. They know where it's going.

[1senn] 21/7/2023 09:49

Because some can't see the wood for the trees poss.
Bit of profit taking before the next leg up as plans are revealed is healthy

[blue59] 21/7/2023 08:42

Why no trades today if this is a 10 bagger?

Edit: Correction, why the selling today if this is a 10 bagger?

[1senn] 21/7/2023 07:57

Agreed bargain am thinking market cap closer to 50 million as things progress

[bargainbuyer] 21/7/2023 00:47

Look at who has effectively taken over the company and the potential of Africa and how the two fit together. I don’t think 20p will do justice.
Almost 400k net buys even though everything looks red.

[blue59] 20/7/2023 20:58

No, no more than is in the public domain.

[1senn] 20/7/2023 19:48

Do you know when the plans by the new owners are being outlined yo holders .

20p market cap is very cheap

[blue59] 20/7/2023 16:15

I'm not getting carried away, we're dealing with Africa! I think an share price of 20p is realistic within 4-6 weeks, beyond that is anyone's guess.

[1senn] 20/7/2023 16:07

Yes also bought more this morning not showing up.

Where do you see this going market cap is far to small for the resource they have now the big hitters are on board

20 million still cheap?

[blue59] 20/7/2023 15:09

Bought more this a.m. and showing as sells.

[iceagefarmer] 20/7/2023 10:56

UKOG JUST WON COURT CASE ..YES!

[1senn] 20/7/2023 10:52

This market cap should head towards 20 million next few months lots going off
New Management have the means experience to get this over 50 million
Market cap in 24 imho

[blue59] 20/7/2023 10:35

12.20 buy, no price to sell.