Edenville Energy Share Price (EDL)

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
  0.00 0.0% 14.00 24,251 08:00:00
Bid Price Offer Price High Price Low Price Open Price
13.50 14.50 14.00 14.00 14.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.34 -1.79 -0.12 3
Last Trade Time Trade Type Trade Size Trade Price Currency
10:10:02 O 5,750 13.5221 GBX
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Edenville Energy (EDL) Latest News

Edenville Energy News

Date Time Source Headline
05/7/202210:23ALNCIN BRIEF: Edenville hires Noel Lyons as new chief executive officer
05/7/202207:13ALNC*Edenville Energy says Alistair Muir has stepped down as CEO with immediate..
05/7/202207:00UKREGEdenville Energy PLC Board Changes
30/6/202213:59ALNCEARNINGS UPDATES: UK Oil & Gas and 7digital post widened losses
30/6/202207:00UKREGEdenville Energy PLC Results for the year ended 31 December 2021
31/5/202214:20ALNCIN BRIEF: Edenville cancels coal project contract with Nextgen
31/5/202207:01UKREGEdenville Energy PLC Termination of Coal Mining Agreement
26/5/202215:46UKREGEdenville Energy PLC Holding(s) in Company
18/5/202217:49ALNCEdenville in talks with NextGen to vary Tanzanian mining contract
18/5/202213:15UKREGEdenville Energy PLC Operational Update Rukwa Coal Project
More Edenville Energy News
Edenville Energy Investors    Edenville Energy Takeover Rumours

Edenville Energy (EDL) Discussions and Chat

Edenville Energy Forums and Chat

Date Time Title Posts
05/7/202213:49Edenville - 201013,450
13/3/201814:53Edenville Energy, con or contentment? 131
04/9/201715:29Synohydro-Gabon5
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
09:10:0313.525,750777.52O
08:03:2713.9550169.88O
07:01:1613.9518,0002,510.98O
2022-07-05 15:47:2814.009,9991,399.86O
2022-07-05 15:24:0913.502,500337.50O
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Edenville Energy (EDL) Top Chat Posts

DateSubject
06/7/2022
09:20		Edenville Energy Daily Update: Edenville Energy Plc is listed in the Mining sector of the London Stock Exchange with ticker EDL. The last closing price for Edenville Energy was 14p.
Edenville Energy Plc has a 4 week average price of 10.25p and a 12 week average price of 10.25p.
The 1 year high share price is 32.50p while the 1 year low share price is currently 10.25p.
There are currently 21,645,575 shares in issue and the average daily traded volume is 67,490 shares. The market capitalisation of Edenville Energy Plc is £3,030,380.50.
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05/7/2022
07:55		bad gateway: Liking the board changes here, terms for the warrants and production plans. New EDL perhaps?
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31/5/2022
08:33		profit7: Up and up for EDL holders!!!
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31/5/2022
08:33		profit7: This is it!!! EDL have turned a corner for good. Coal prices are higher than a year ago, so EDL will benefit from rising coal prices. Factor in the Russian oil Embargo, where will Energy shortfall come from? Europe going back to coal this winter
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31/5/2022
08:14		bad gateway: Yes they've taken control back with the rising price. If they really can sell the coal then things are finally looking here imo.
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18/5/2022
13:37		nasarsaddique: Operational Update Rukwa Coal ProjectEDENVILLE ENERGY PLCReleased 13:15:03 18 May 2022RNS Number : 9770LEdenville Energy PLC18 May 2022 18 May 2022Edenville Energy Plc("Edenville" or the "Company")Operational Update Rukwa Coal ProjectEdenville Energy Plc (AIM: EDL) is pleased to provide an update on operations at its Rukwa coal project in Tanzania ("Rukwa").Since entering into a contract arrangement with NextGen Coalmine Ltd ("NextGen") in early 2022, both the international and domestic coal price has increased significantly. This has coincided with heightened interest from potential customers to enter into an offtake agreement for coal from Rukwa. At the same time, as announced on 4 May 2022, Edenville has yet to enjoy any material benefit from the contract mining arrangement due to operational issues, which it is seeking to have addressed. Accordingly, the Company are currently in discussions with NextGen to vary the existing contract mining agreement and are also assessing the viability of bringing operations directly back under the Company's control. Should this be enacted, it is expected to enable Edenville to capture a larger percentage of future sales, either on a contract or direct operation basis. Any changes are likely to be accompanied by a reconfiguration of the Board. In the meantime, Edenville is assisting NextGen on the ground and providing limited funding to allow operations at Rukwa to be increased on a timely basis.The Company has also been advised that Upendo Group Ltd.'s current 10% economic interest in the joint venture which holds the licences governing the Rukwa Project has been transferred to a 10% direct holding on the principal production licence (the "Licence"). The Company believes this transaction may require Upendo Group Ltd to make contributions to operations going forward. The Company is seeking formal clarification of the transfer and is in discussion with its Tanzanian legal advisers to understand its implications. The Company will provide a further update once these are received.Alistair Muir, CEO of Edenville, commented: "Since entering into the agreement with NextGen a number of things have changed on a macro level that have made the economics of Rukwa considerably more attractive. The Company is determined to maximise cash returns in the current global coal environment, especially given the attractive pricing forecast over the coming years. Given its current financial position Edenville now has capacity to expand operations organically and to meet this heightened demand. I expect to be able to further update the market in the near term.
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04/5/2022
15:56		nasarsaddique: Operational Update Rukwa Coal ProjectEDENVILLE ENERGY PLCReleased 15:52:01 04 May 2022RNS Number : 3416KEdenville Energy PLC04 May 2022 4 May 2022Edenville Energy Plc("Edenville" or the "Company")Operational Update Rukwa Coal ProjectEdenville Energy Plc (AIM: EDL) wishes to provide an update on operations at its 100% owned Rukwa coal project in Tanzania ("Rukwa").From 1 February 2022 to 30 April 2022, 610 tonnes of washed coal was sold and 453 tonnes of fines were sold ex-stockpile. Little Run of Mine ("ROM") coal was mined given the period covered the end of the rainy season and delays in the full operational handover to the new contract miner. The Company believes the operational issues impacting production are being addressed, or will be so in the near term, enabling the Company to focus on achieving its targeted production rates. The Company continues to see growing demand for its coal, at increasingly favourable prices, with a number of buyers keen to enter into offtake agreements upon confirmation of stable production and surety of supply from operations.The contract mining agreement announced on 3 February 2022 placed the production and operational costs on the contractor and accordingly whilst the Company has not to-date benefited from material revenue generation, its existing cash resources have largely been maintained. This has ensured the Company remains in a healthy financial position as it continues to review additional investment and operational opportunities. At the same time, the Company is in discussions with its contract mining partner to ensure that the Company's operations at Rukwa are progressed on a timely basis.Alistair Muir, CEO of Edenville, commented: "Rukwa has the potential to produce significant free-cash to Edenville from its operations, particularly in the global coal pricing environment. Whilst we are yet to witness the economic benefits in a material way, by entering into a contracting arrangement we have largely mitigated the direct financial liabilities during this period of transition, enabling us to conserve our cash and focus on future transactions. As we move into a long dry season, we are focused on materially increasing production and believe we will be successful in delivering on this objective."
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17/4/2022
00:19		letmepass: The takeover by Nextgen looks like a real smart move for them, a rising coal price high demand and paying EDL $10 per tonne
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15/1/2021
07:19		therealtonythetiger: https://www.investegate.co.uk/edenville-energy-plc--edl-/rns/agreement-with-lind-partners-and--900-000-placing/202101150700057792L/ Friday 15 January, 2021 Edenville Energy PLC Agreement with Lind Partners and £900,000 Placing 15 January 2021 EDENVILLE ENERGY PLC ("Edenville" or the "Company") Agreement Reached with Lind Partners LLC Oversubscribed Placing to Raise £900K New Strategic Shareholder Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania ("Rukwa") is pleased to provide the following corporate update. Funding Agreement with Lind Partners LLC - Update The Company provides an update regarding its outstanding funding agreement with Lind Partners LLC ("Lind"), that was first announced on 6 November 2018 (the "Funding Agreement"). As announced on 6 October 2020, Lind requested Edenville repay the total outstanding balance of the Funding Agreement, being US$580,000, by 30 November 2020. The Company has since been engaged in a constructive dialogue with Lind regarding the repayment terms of the Funding Agreement and is pleased to report the revised repayment schedule has been agreed as follows: - The company will pay Lind US$116,000 in cash, being 20% of the outstanding debt, by 31 January 2021; - The remainder, being US$464,000, will be repaid in monthly instalments of US$50,000 starting from the end of April 2021; - The monthly instalments may be paid in cash or via the issuance of shares by mutual agreement; and - No further interest or charges will be applied to the US$580,000 headline figure. Following settlement of the Placing (outlined below) the Company will have sufficient capital to meet its outstanding obligations to Lind. The Company's cash position is expected to be further strengthened by increased production and sales of washed coal from its flagship Rukwa mine in Tanzania during the course of 2021. Oversubscribed £900,000 Placing The Company has conditionally raised £900,000 (before expenses) by way of a placing of 3,600,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") at a placing price of 25p per Ordinary Share (the "Placing Shares") (the "Placing Price") with new and existing shareholders through Brandon Hill Capital Limited ("Brandon Hill") (the "Placing"). Edenville's three largest shareholder groups (representing approximately 50% of the shares currently in issue) have subscribed for an aggregate of £250,000 in the Placing. In addition, specialist mining investor RAB Capital, has subscribed for £300,000 in the Placing and will own 10.2% of the enlarged issued share capital of the Company following the admission of the Placing Shares to trading on AIM ("Admission"). Significant Shareholder Participation Brandon Hill, including Neal Griffith and Oliver Stansfield (collectively the "Brandon Hill Group"), who currently hold 1,717,248 Ordinary Shares representing 21.08% of the Company's issued share capital, have agreed to subscribe for, in aggregate, 280,000 Placing Shares representing a cash subscription of £70,000. Following Admission, the Brandon Hill Group's revised holding of 1,997,248 Ordinary Shares will represent 17% of the Company's enlarged share capital. The Brandon Hill Group have been granted warrants over 180,000 Ordinary Shares as a result of the Placing (the "Broker Warrants"). The Broker Warrants have a 3 year life and an exercise price of 25p per Ordinary Share. Pitchcroft Capital Limited and its executives, namely Alexander Fullard, William Orgee and David Thomas (collectively the "Pitchcroft Group"), who currently hold 1,218,327 Ordinary Shares representing 14.9% of the Company's issued share capital, have agreed to subscribe for, in aggregate, 360,000 Placing Shares representing a cash subscription of £90,000. Following Admission, the Pitchcroft Group's revised holding of 1,578,327 Ordinary Shares will represent 13.4% of the Company's enlarged share capital. John Story, who currently holds 1,019,161 Ordinary Shares representing 12.5% of the Company's issued share capital, has agreed to subscribe for 360,000 Placing Shares representing a cash subscription of £90,000. Following Admission, John Story's revised holding of 1,379,161 Ordinary Shares will represent 11.7% of the Company's enlarged share capital. Related Party Transaction The Brandon Hill Group, the Pitchcroft Group and John Story are Substantial Shareholders of the Company and are therefore related parties as defined by the AIM Rules for Companies (the "Related Parties"). Accordingly, the participation of the Related Parties in the Placing and the issue of Broker Warrants to the Brandon Hill Group constitute related party transactions pursuant to Rule 13 of the AIM Rules for Companies. The Directors, having consulted with the Company's nominated adviser, consider that the terms of the Related Parties' participation in the Placing and the issue of the Broker Warrants to the Brandon Hill Group are fair and reasonable insofar as Edenville's shareholders are concerned. Admission to AIM Application will be made for admission of the 3,600,000 Placing Shares to trading on AIM, which is expected to occur at 8am on or around 21 January 2021. The Placing Shares will rank pari passu with the existing Ordinary Shares. Operational Update The Company now expects to hand over operations at Rukwa to its strategic partner Infrastructure and Logistics Tanzania Ltd ("ILTL") in February 2021, pursuant to the terms of the previously announced Coal Mining Agreement ("CMA") between the two parties. T he Company acknowledges this has taken longer than previously envisaged, with timing impacted by both the global COVID-19 pandemic and the Tanzanian general elections, which took place on 28 October 2020. The election, for both President and members of the National Assembly, created an administrative vacuum, with a number of relevant Ministerial positions only being appointed in December 2020. As previously outlined, this resulted in a number of logistical problems for ILTL, including the securing of work permits. Both ILTL and the Company have continued to work closely during this period, not only on handover preparations but also on securing additional contracts for the sale of washed coal from Rukwa. The Company believes both the handover and additional contracts will come to fruition in February 2021 and in the meantime Edenville International (Tanzania) Limited, the Company's in-country operating company, is continuing to meet current customer orders and demands. Additional Assets & Board Restructuring Given the expected handover of operations at Rukwa in the current quarter to ILTL, combined with the anticipated cashflow to be received from Rukwa, the Board of Edenville will also utilise its existing networks to identify new potential projects that could be accretive to the Company. The mining and capital markets expertise of its significant shareholders, which also now includes RAB Capital, should support the Board with the identification and any subsequent execution of this strategy. To further streamline costs during this period, Jeff Malaihollo will assume the title of CEO of the Company, in addition to his current Chairman role, with no additional remuneration. Alistair Muir will continue as a Director of the Company responsible for Tanzanian operation. CEO's Comments Jeff Malaihollo, now acting CEO of Edenville, said "I am pleased to confirm we have reached an agreement with Lind regarding the outstanding debt repayment schedule. This had clearly been cause for investor concern, particularly during Q4 2020. We are also pleased to see the confidence the market has shown in the potential of Edenville and Rukwa through an oversubscribed placing and I am delighted to welcome specialist mining investor RAB Capital as a significant shareholder to the Company. Whilst 2020 was a challenging year for Edenville as a result of the COVID-19 pandemic, we can now look forward to 2021 with renewed optimism. Rukwa is a producing mine with a sizeable JORC compliant resource of 143Mt and recent upgrades to the processing plant have now boosted capacity to 12,500t per month of washed coal. The three agreements (Coal Mining Agreement, Loan Agreement and Sales & Marketing Agreement) signed with our strategic partner during the course of 2020 remain in place and we expect to finally see the benefits of their implementation this year, starting with the handover of Rukwa under the Coal Mining Agreement next month." Total Voting Rights Following Admission, the Company will have 11,745,575 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The above figure of 11,745,575 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
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11/12/2020
17:17		therealtonythetiger: denville Energy PLC Proposed Share Capital Reorganisation & AGM Notice RNS Number : 4457I Edenville Energy PLC 11 December 2020 11 December 2020 EDENVILLE ENERGY PLC ("Edenville" or the "Company") Notice of Annual General Meeting Proposed Share Capital Reorganisation & Correction of Total Voting Rights Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania announces that its Annual General Meeting ("AGM") will be held 10.00 a.m. on 5 January 2021. The Notice of AGM is being published today and will shortly be available on the Company's website at hxxps://edenville-energy.com/aim-rule-26/ . As a result of the ongoing Covid-19 pandemic, Edenville's shareholders ("Shareholders") should note they are not entitled to attend the AGM in person unless notified otherwise by the Company prior to the AGM. The Company's Articles of Association allow Edenville to use electronic communications for sending out notices of general meetings, as such the Company will not be providing a paper copy of the Notice of AGM or Form of Proxy on this occasion. Shareholders are now able to vote online by logging on to www.signalshares.com . On the home page, search 'Edenville Energy PLC' and then log in or register, using your Investor Code which can be found on your share certificate. To vote, click on the 'Vote Online Now' button. Proposed Share Capital Reorganisation & Correction of Total Voting Rights The Notice of AGM will include certain resolutions relating to a proposed share capital reorganisation ("Capital Reorganisation") of the 8,145,575,092 existing ordinary shares of £0.0002 each that the Company has in issue ("Existing Ordinary Shares"). Shareholders should note that the ordinary issued share capital of the Company was previously incorrectly stated by the Company as 8,145,575,095 Existing Ordinary Shares in its announcement of 10 August 2020, rather than the correct figure of 8,145,575,092 Existing Ordinary Shares. The effect of the proposed Capital Reorganisation will be to reduce the number of issued ordinary shares of £0.0002 each in the Company by a multiple of 1,000 (the "Consolidation"), which is expected to increase the trading price of the resulting ordinary shares proportionally. As such, following the Consolidation and the subsequent sub-division of each consolidated ordinary share of £0.20 each in the capital of the Company, into 1 ordinary share of £0.01 each in the capital of the Company and 19,000 new deferred shares of £0.00001 each in the capital of the Company (the "New Deferred Shares"), the Company expects 8,145,575 ordinary shares of £0.01 each (the "New Ordinary Shares") to be readmitted to trading on AIM. The New Ordinary Shares will have the same rights and be subject to the same restrictions (save as to nominal value) as the Existing Ordinary Shares as set out in the Company's articles of association for the time being. The New Deferred Shares are non-voting, have no economic rights and may be bought back by the Company at any time for nil consideration. As it is proposed that all Existing Ordinary Shares held in the Company be consolidated, the proportion of the issued ordinary share capital of the Company held by each Shareholder immediately before and after the Capital Reorganisation will remain relatively unchanged, other than for changes that may arise from the rounding for fractional entitlements. In the event that a Shareholder's holding of Existing Ordinary Shares is not exactly divisible by the consolidation ratio, such Shareholder will be left with a fractional entitlement to a resulting new consolidated ordinary share. Any such fractions as a result of the consolidation will be aggregated and, following the sub-division, the directors will, in accordance with the Company's articles of association, sell the aggregated shares in the market for the benefit of the relevant Shareholders. The proceeds from the sale of the fractional entitlements will be distributed pro rata amongst the relevant Shareholders save that where a Shareholder is entitled to an amount which is less than £3 it will not be distributed to such Shareholder but will be retained by the Company. Reasons for the Capital Reorganisation and update re Funding Agreement with Lind Partners LLC The Board considers the Capital Reorganisation to be in the best interests of the Company and its Shareholders as it believes that the Capital Reorganisation should improve the market liquidity of and trading activity in the Company's shares. The Directors believe that the existing share capital structure is no longer appropriate, as the high number of shares in issue combined with the relatively low price per share is thought to result in excess volatility and reduced liquidity in the Company's shares. By proceeding with the Capital Reorganisation, the Directors anticipate that the Capital Reorganisation should improve the liquidity and the marketability of the Company's shares with institutional investors in the UK and overseas. Secondly, plans for a proposed share consolidation were originally set out in the Company's announcement of 29 April 2019 following Edenville and Lind Partners LLC ("Lind") entering into an agreement to vary certain terms of the Company's outstanding funding agreement with Lind, that was first announced on 6 November 2018 and further detailed in the Company's announcements of 29 April 2019, 23 January 2020, 7 April 2020, 6 October 2020 and 27 November 2020 (the "Funding Agreement"). These plans were later deferred, as detailed in the Company's announcement of 6 September 2019. The Company's Directors are currently in constructive discussions with Lind regarding the repayment terms of the Funding Agreement. Following the recent discussions, Edenville's Directors have agreed to revisit plans for a share consolidation, hence why Shareholders are being asked to approve the Capital Reorganisation at the AGM. The Directors remain confident that mutually agreeable terms can be agreed with Lind regarding the Funding Agreement, however, at this current time it is premature to reach any conclusions.
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10/6/2020
10:57		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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