There is no doubt that there is potential but the bottom line is that the coal only has value if someone wants to buy it and if it can be extracted from the ground in a financially viable way, none of the aforementioned subjects have been covered by the BoD and this is what we need to know. I repeat again, how, when and whom
And down goes the SP to enrage further, the BoD couldnt hit a cows backside with a spade let alone run a company
If I was EDL I wouldnt bank on much of a return from the show on Saturday as they will no doubt be spending most of the day playing hide and seek from pi**ed off investors.
So EDL are going to the investor show for what exactly, to get more funding and dilute the SP even more, well that will not be happening as they can expect some careful attention on Saturday!!!
And this is just one of many questions that Sally and her team can expect to be asked at the Investor show, when, how and whom
Realistically the SP will go on a roller coaster journey until such time that a partner is found and announced and a framework of events is outlined leading to production. This is the job of the BoD just in case there were any doubts. Clearly EDL have considerable coal resource which will only ever be realised to shareholders once it is sold...therefore there will be a time lapse whilst waiting for all of the pre mentioned to unwind
unless this reaches 0.10 by Saturday they will still be getting grief at the investor show so lets see what happens !!!
AIM MM's make their money by causing concern amongst shareholders and then buy up cheap, don't fall for their trickery, hold firm and deny them
I've noticed that Tom Winnifrith is one of the speakers at the investor show. He is someone who tends to champion the cause of investors in AIM who have been let down by BoD's so it would be very interesting to seek out his views on Edenville since his last interview with Sally. He has openly rated Edenville as a strong "buy" so I doubt very much that he wants this bitting him on the ar*e
I thought that they have been having preliminary talks for months now, the speed at which things are done is appaling, another question for the investors show, why???