15 January 2018. A crucial point in the company's history is approaching. Big decisions to be made and announced. Namely the results of the BFS from Sinohydro concerning the power plant which is due any time now. If this is positive who knows where the price will go - Sinohydro are no small company and may even offer, if not to buyout Edenville completely but to administrate a deal.
Second to that but important for two reasons are the coal deals. If the company announces coal contracts of any extended length - see RNS Jan 8th - then that will see Edenville cash positive for the first time in its history and a watershed moment for all concerned, hopefully finally putting an end to this inexorable slide in value and allowing room for manoeuvres without the spectre of funding hanging over the company. In addition to providing cashflow, this will also prove up the coal quality once and for all and take us to the next level very quickly.
While all this has been going on, there has been constant selling, a lot of which must be at a loss, it just is not possible otherwise. Too much selling for this to simply be impatient investors getting scared or just weary. IMO this selling at a loss is in place in order to keep the share price down and is being viewed as an investment by someone who at some stage will want the price up or more likely will want to take the company over. I've been here too long and washed the price action to know there can be no other reason. There is a LOT of coal here. Years and years of coal. Billions of dollars worth in fact.
Since January last year when the price nearly got out of control (upwards) there has been an orchestrated team of people selling the company down and deramping the stock almost full-time constantly and incesssantly. Of course anyone who calls out conspiracy or takeover or nefarious practices or anything else for that matter will be poo-pooed but those who want to control the price. make your own mind up.
If you have a stomach for it, hang on in here or to buy in right now. It could be life-changing if all goes well.
Thanks for the update Mr Prior. And a shame you're out - for your sake as I think the really big rise hasn't happened here. The market knows the potential but it's a matter of catching it at the the right moment but watching your investment decrease until the moment a game-changing announcement arrives. Not dissimilar to any AIM stock really but this one in particular is painful, especially when it is an easy short term call that the price will decrease. Cannot help feeling through watching the trading action here that this is being sold down incessantly for a reason and not simply by retail investors like yourself getting impatient. Something is going on. Lots not being said. Time will tell... Good luck with your portfolio - I'm in this for the long haul
Hi, guys, yes, sold up a while ago. Dont see any future in the company which seems to have gone from a quite promising coal to power venture to a local coal merchant.
I think my views are reflected in the sp which has been on a long slow decline for what seems years now.
Sold at a small holding at a small loss so, no, not bitter. I have an interest in many exploration stocks, some good some not so good and Im gradually exiting the not so good ones. Im learning as I go and not making as many mistakes as I used to.
I wish all here good luck, but I fear that progress, even on the coal merchant front, has stalled.
ps anyone can contribute to these boards and it is not necessary to be a holder.
Sansione. I have not held for long but sounds like the promise of sales has worn you down. Decent increase in the share price today and the daily average has already been exceeded so although I accept this one is well off the radar for most investors, it will not stop some making a profit from it as is the case today.
Unfortunately, and this from a long term shareholder, all that has happened is that EDL is changing from a tiny company that nobody was interested in, that had the potential to produce coal to a tiny company that nobody is interested in, that is selling a small amount of coal. Either way, it is so far off the radar of any significant investors as to be invisible.
so 15 months after that meeting,when he was literally laughed at for his efforts to get some coal sold. he still hasnt sold any... remember he said. you could shovel it into a truck and sell it unwashed...those were his words....what has happened. instead of doing that he has bought a wash plant and not sold a bean.
RUFUS see you at the next AGM...I will be asking some questions, then voting
I imagine 'Test Shipments' to interested parties are free of charge otherwise it would have said interested parties have purchased 1,000 tonnes.
Either way RNS is not clear and market doesn't like hence price down 10% and 5% down yesterday after some who are illegally privy to early RNS info sold out.
So you guys have actually read the rns yh! I quote - processed coal is currently being delivered on commercial terms - and also in double quotes "test shipments". So yh no sales and giving it away for free...try reading it again...
Could not be a worse update really. Poor quality coal being produced, no sales and worst of all no agreement on the power plant front. Surely the team need replacing or is it that this one has gone too far?
So this basically means our product is not very good and we need further equipment to refine a better product?
This would account for no sales despite giving away 1,000 tonnes of coal!
Also I note the Power Station discussions are now worded as 'could' possibly lead to an agreement.
Not a good RNS, hence dip in share price yesterday
here's what you do. STOP GIVING COAL AWAY!!! make them pay for it at double the sales price. as tl amounts will cost you so much more to deliver than bulk deliveries. when they say yes we will buy then give them a credit for the sample coal in full. IF YOU DONT THEY WILL KEEP ASKING FOR MORE FREE SAMPLES YOU NUMPTY
One week later !
So theyve now got the trucks and, Ill wager, a few sacks. I suppose theres a call for coal for cooking if they run out of trees to burn but, really ? Value for the coal merchant ? Maybe a hundred years ago !
The chart says ort all really. This small diversion to keep shareholders happy whilst the main goal is going nowhere fast.
Well, all I can say is good luck
Of trading been going on in the background with some huge single trades mostly reported after hours. Certainly seem to have found the bottom and it appears shorters are gently closing out their positions with the help of the market makers of course.
Expecting a correction upwards at some point very soon - hard to tell when but very good time to buy at or around placing price...
Probably trying to protect potential investors from the folly of buying shares in a tiny company that nobody in the world is remotely interested in. And I say that as a long term holder who would love the share price to rise.
I think its a bit more complex than that. Weve got a marketing company and a deal with Rifcot. Rufus refuses to be proactive which is annoying but perhaps there are reasons for that. Theres stuff going on that we are not party to Im sure. But yes if nothing has changed by the next AGM something will need to be done. I think the company will be in a very different position by then however.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.