Edenville Energy Plc

1.75 (31.82%)
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 Shares Traded Last Trade
  1.75 31.82% 7.25 4,617,216 14:00:16
Bid Price Offer Price High Price Low Price Open Price
6.50 8.00 8.00 4.99 5.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Television Broadcast Station 0.11 -1.46 -6.70 - 1.98
Last Trade Time Trade Type Trade Size Trade Price Currency
13:57:35 O 25 6.50 GBX

Edenville Energy (EDL) Latest News (7)

Edenville Energy (EDL) Discussions and Chat

Edenville Energy Forums and Chat

Date Time Title Posts
01/6/202313:51Edenville - 201013,544
13/3/201814:53Edenville Energy, con or contentment? 131
07/5/201710:05Google Synohydro Gabon1
27/4/201711:16Good News or Bad?11

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Edenville Energy (EDL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Edenville Energy (EDL) Top Chat Posts

Top Posts
Posted at 01/6/2023 11:17 by whoppy
Look at the chart. EDL were 20-30p prior to running out of cash and problems. They now have new backers with deep pockets and Jason Brewer who's work ethic and mining experience and contacts will push EDL towards being a significant coal producer in Tanzania. He has stated MARU will be a £100m mcap miner. The guy knows how to do it. EDL can be a £100m mcap miner. Currently £2m mcap.
Posted at 01/6/2023 10:44 by gardenboy
Shuka Resources new name for EDL. MARU separate listing completely
Posted at 01/6/2023 10:42 by whoppy
MARU are looking to list on AIM. Jason Brewer is now exec director of EDL. Can quite easily RTO assets into EDL and call it Marula. 25p warrants exercisable until May 24... 25 PENCE! share price could be 50p by then.
Posted at 01/6/2023 10:37 by whoppy
EDL mcap £2m
MARU £10m

Posted at 01/6/2023 10:28 by whoppy
I thought that. I reckon they will. EDL virtually a cash shell. EDL compliments MARU. MARU gone from 2p to 10p in 6 months. Rukwa on it's own is a huge coal asset. MARU has battery metal projects all over Africa and big backers that have just taken over EDL. Newsflow will be thick and fast.
Posted at 01/6/2023 10:26 by someuwin
This is now looking very interesting. Wonder if they'll abandon the planned Maru AIM listing and reverse the Maru assets into EDL?
Posted at 06/12/2022 17:54 by andymunchkin
tomboyb15 Jan '21 - 09:25 - 13248 of 13490
0 1 0
Tony -

I did 0.02p to 0.10 -0.11 or 100- 110p previously when EDL fell of a cliff as it has now -

Subsequently it went further to 0.16p or 160p -

I hold a few again
tomboyb20 Jan '21 - 12:09 - 13262 of 13491
0 1 0
40p+ coming
weLL weLL weLLL

Posted at 11/10/2022 08:07 by nasarsaddique
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."
Posted at 29/9/2022 10:40 by nasarsaddique
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
Posted at 10/6/2020 10:57 by burtond1
Is this a new dawn for @EdenvilleEnergy ? " The Edenville share price has already begun to move this week. With the physical and financial conditions in place it may be time to take advantage of the #EDL share price currently no more than 0.05p..."https://total-market-solutions.com/2020/06/10/edenville-energy/
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