Please follow Chris "Uranium" Oil: Nine Rogue Bloggers for Woodlarks update – last year we raised £26,000: in 2019, so far…
All that Edenville Energy (EDL) seems to have managed to achieve over the years is to burn through cash at a rate of knots whilst failing to deliver anything for shareholders other than a steady and prolonged decrease in the share price. I can remember even back in 2010/11 when this company was being promoted as having huge potential, along with all the other rubbish that you tend to hear spouted about these small AIM resource outfits across the bulletin boards...
Thanks to the hapless clowns at Northland losing (oops I meant surrendering) their license there are still a stack of stocks which will see their shares suspended on February 1 and booted off the casino for good on March 4 if they cannot find a replacement. The ten at risk are:
If AIM gave out awards for achieving little and issuing billions of shares, then Tanzanian coal miner Edenville Energy (EDL) would be high up the list to receive one!
Edenville Energy (EDL) has long been a favourite of small private investors, but ultimately I have to wonder whether it will actually ever get to a stage where its projects come to fruition.
Shares in Edenville Energy (EDL) have been marked lower today at 0.02p on news that the company plans a capital re-organisation such that the nominal value of its shares goes from 0.2p to 0.0002p. In itself this means nothing but the clear implication is that the confetti blizzard of share issuances will accelerate.
A “Project Update” from Edenville Energy (EDL); “Preliminary earth works have now commenced at the Mkomolo deposit site”. Hmmm – sounds like the type of announcement before discounted placing ahoy, and looking at the financials here… surprise, surprise!
Featuring shares in Borders & Southern Petroleum (BOR), Edenville Energy (EDL), Powerhouse Energy (PHE), Sunrise Resources (SRES)
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at the shares of Beximco Pharmaceuticals (BXP), Eden Research (EDEN), Edenville Energy (EDL) and say where the share price is heading.
Featuring Edenville (EDL), Jubilee Platinum (JLP), Motif Bio (MTFB), Northcote Energy (NCT), Scancell (SCLP), Xtract Resources (XTR)
Today, I look at Bahamas Petroleum, Baobab Resources, Coal Of Africa, Churchill Mining, Edenville and Transense Technologies.
AIM Casino listed Edenville Energy (EDL) has missed target after target as its management has simply failed to deliver. And now as it issues yet more confetti it is talking utter cock in its latest RNS out today. This stock is clearly not investment grade and now let’s turn to the “talking cock” RNS. Having investigated this I see that Edenville has “form”
On January 17th, Edenville Energy (EDL) caused outrage among its shareholders when it placed £1.4million at 0.07p. This was a greater than 50% discount and illustrates exactly the problem, which faces cash strapped junior would-be miners. Without sufficient backing, the “assets” these companies own are, to all intents and purpose, worthless. Today, Edenville has hardly helped any attempts at making a value case for this stock, as it placed again. This time it raised £250,000 at 0.06p. Further dilution, for such a small amount and at this awful price further calls into question Edenville’s viability. Oh, but hang on moment, I heard its shareholders cry, what about the Expression of Interest the company signed only nine days ago? Well...
I met up with sally Schofield the chairman of Edenville Energy (EDL) the other day for a catch up quiz session on how her company is going.
AIM listed Kibo Mining (KIBO) has today announced that it has appointed Standard Bank to arrange funding for its Rukwa coal project in Tanzania. But this is only half the story – our contacts suggest that is far bigger news on the way by January which will see shares in both Kibo and Edenville Energy (EDL) move sharply higher. Both are buys, at 4.75p and at 0.19p respectively.
I met up today with Sally Schofield, the executive chairman of AIM listed Edenville Energy (EDL), and Rufus Short, NED, in the wake of today’s publication of a scoping study on the Rukwa coal project in Tanzania.
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