Edenville Energy Forum

i bet it will be neutral come close of play

EDL never seem to confirm anything

more chance of the Titanic rising

Am I right in thinking that the with the directors share options will be maturing in October of this year (as per the company website)? Or am I mistaken? If it is the case and the way the price has been reacting we might be looking at October before there is a rise in the current value. Maybe I'm just too cynical in my mature age...

Right back to neutral again!!

To be honest whilst I remain hopeful of Edenville's future I have pretty much contempt for the BoD due to their handling of the whole situation. They seem oblivious to the fact that the company is not owned by them and that the decisions that they make should very much bear in mind should be for the benefit of the company not themselves. Why was 1 million needed in a rush and yet there is no rationale to support this? It is almost beyond belief.

I posted Edenville's response to my email on this board recently and I am now of the firm opinion that the BoD couldnt care less about the current situation

This is a volatile share full stop!

Hopefully there will be news soon, if not then the heat will be raised until it becomes unbearable for them

Please see response I have received from Edenville yesterday:In response to your questions: The Board of Edenville decided to raise funds through the global financial institution to secure a significant amount of cash, under fixed and pre-agreed terms, for the progression of its Tanzanian coal project. The discount rate is in line with similar fundraisings for coal and energy companies in what is a very difficult market. The Darwin Equity Line Facility has been successfully used in the past to raise smaller amounts of cash for working capital. However, a drawdown of this size would have taken a significant amount of time with no guarantee of either placing price or final amount of money raised. The funds are being used to continue ongoing discussions with potential partners in the development of the coal to power project. We are currently unable to disclose the name of the financial institution that took part in the placing, as per the terms of our agreement with them. The Board of Directors are confident they will move Edenville's project forward, with financial security allowing the consideration of options in a calm and logical way, providing the optimal outcome for our shareholders in the long term. The company will only issue an RNS once it has material news to report. The board are in discussions with potential partners, as mentioned in the announcement dated 17 January 2014 and will hopefully have material news on this in due course. Many thanks Camilla Horsfall Financial PR