Pretty soon some serious questions need to be answered and top of my list is what exactly have the board been doing during the last year to justify their remuneration. Perhaps thats a good opener for the next AGM
Its now July and at the start of the year 1m was raised, followed by a further 250k or so more recently.....for what? the BOD yearly BBQ or something becoz f**k all else has happened
No one buy and no one sell that will give the MM leaches (pond life) something to think about!!!
Some high emotion on here today........not that I blame any of you. I have lost the best part of 12k so I'm not too pleased either. Rest assured if Sally and her team fail they will not be getting director jobs in the future as all social media will be used to ensure as much bad PR as possible is generated.....lets hope that isnt needed eh
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?
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
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