Edenville Energy Forum

I have lost over 10k so far so like many on this I am also very miffed to say the least. I still cannot get my head around the fact that the capital raising was done in a rush and on terms that decimated the SP. Why such an urgency for no apparent end result?? Anyway I will wait patiently (which is more than needed for this company) and see what evolves over the next month or so. The BoD can't hide for ever at some point the truth will be out. If things do not evolve in the way that we all hope then perhaps some co-ordinated shareholder action should be agreed

One more month and my ten million shares are going

The way that I view this is as follows. As an explorer EDL had an SP of 2.5 pence per share, I appreciate that the AIM market has fallen considerably however at that point there was no certainty of the coal resource. Then when the coal is measured via various jorc's the price plummets. The BoD then informs the shareholders that a million pound is needed urgently for talks with potential partners. We now have an SP of 0.06?????? Something is going on here either for better or worse. If there is a problem there surely is a case for legal action to be taken against the BoD?

I can't understand how this share can go suddenly from 0.05 to 0.07 suddenly.

If this does fail the BoD can expect some real heat and I wouldnt bank on another appointment in the future if I was them. They have treated the shareholders with contempt. It is pathetic that they have such a large coal deposit and cannot find a partner

Loosing the will with this share. But you takes your bets you takes your chances.

Seeing is believing, and unfortunately that is how I will judge EDL from this point onwards, talk is cheap. They have had months to get this sorted

And that is not only immoral but I suspect can also be proven to be illegal too. My pet cat could have run this company to a higher standard. It is about time that these friggin idiots are held to account

I think the time has come for coordinated shareholder action in order to hold the BoD responsible for failure to comply with their duties as directors. The funding was clearly no more than a method to safeguard their own personal interests(remuneration) rather than what is best for the company?

Its about time that we had an update. The BoD are almost showing contempt with their failure to do so