Ncondezi Energy Share Discussion Threads

[rookieinvestor80] 06/5/2016 11:01

Brewsters millions Ramping nccl yesterday and the day before claiming to get in now and fortunes of 50p, the utter plank like cammy have now disappeared what muppets This will fall now to under 2pNot much stock around and each sell will make it fall further dnt listen to rampers

[che7win] 06/5/2016 10:58

Ncondezi Energy Ltd on Friday said it was in the final stages of securing a USD1.0 million shareholder loan as the date at which the joint development agreement with Shanghai Electric Power Co Ltd for a power plant becomes effective, and the date at which Shanghai Electric will start funding the project, has been pushed back to the third quarter of 2016.


The company said since it announced the joint development agreement with Shanghai Electric in January, it has agreed a work programme and budget for the development of the 300 megawatt power plant in Tete, Mozambique, and said it awaits both board's approval.

Ncondezi said the audit of its historic power plant development costs is "progressing well" and noted it was in the process of finalising the key terms of the shareholder agreement with Shanghai Electric which will govern the United Arab Emirates holding company for the power plant. Work to implement this holding company structure has started, Ncondezi added.

Ncondezi said that, once the joint development agreement is effective, Shanghai Electric will invest up to USD25.5 million into the holding company in return for a 60% equity interest in the power plant project, and said this will be paid in installments. The joint development agreement is expected to become effective once Chinese regulatory and parent company approvals are received, which has been pushed back to the third quarter of 2016.

Ncondezi said, as of Friday, it has cash resources available to it of less than USD50,000. In the absence of alternative funding, it is expected that this cash balance will provide sufficient funding until mid-May, Ncondezi added.

As such, the company said it final stages of agreeing a shareholder loan for a minimum of USD1.0 million, which is expected to provide sufficient funding to finalise the joint development agreement. Ncondezi said this was the most attractive funding option given there will be no equity dilution, but said, whilst it is confident these discussions will be successful, there are no binding agreements in place and there is no guarantee that an agreement will be reaches.

Shares in Ncondezi were down 23% at 4.63 pence on Friday.

[jamie414] 06/5/2016 10:42

I don't think he will be posting for a while! Thank God!

[the stigologist] 06/5/2016 10:12

TOP Traders Thread !!!! - CR

brewsters_millions - 05 May 2016 - 08:04:14 - 552533 of 552681

Guys seriously get your butt's in NCCL
Just spend a half hour of your time researching it and tell me...
NCCL is going to be joining forces with SEP
( Shanghai electric power ) so a multi billion dollar company will be going to bed with an AIM tiddler
The rise will be similar to HNR imo
Shares are in short supply and this will be a quick trade (end of May max)
Best tip for a huge rise
Go buy some NCCL pronto

Good luck


TOP Traders Thread !!!! - CR

brewsters_millions - 04 May 2016 - 13:02:54 - 552480 of 552681

Solid tip for you all ;)

Do look up and research NCCL
Could do a HNR share price wise.
NCCL are awaiting the biggest news since launch on their partnership with Shanghai Electric Power. (an aim tiddler to partner up with SEP a Billion dollar company)
The news of this JDA is in its final stages if not already signed off.
News can come off at any given moment.
Upon news shares will rocket.....15p to 50p is realistic and very possible...though will not happen overnight.
There is not much stock around and it will be a fantastic short term trading experience for anyone seeking min 50% rise - 100% plus within a very short period.
Please DYOR here.....it is really a no brainer.
GLA

[rookieinvestor80] 06/5/2016 09:25

Falling falling falling away

[fission453] 06/5/2016 09:05

Not in yet but I was looking at it!

[rookieinvestor80] 06/5/2016 08:51

Best to buy when this goes sub 3p

[tippow] 06/5/2016 08:14

See thats why you shouldnt listen to ramping buffoons like Brewster!

NCCL down 50% today

[edgein] 06/5/2016 08:13

A bit disappointing that its taking the chinese so long to pull their finger out for approval when every thing else sounds as if its in place. I guess we're just gonna have to wait until Q3 now.

Regards,
Ed.

[rookieinvestor80] 06/5/2016 08:06

I'm so happy watching this tank

[rookieinvestor80] 06/5/2016 08:05

Did you see how cammy exited from here claiming his membership had run out

[brewsters_millions] 06/5/2016 01:01

Jamie cool.

TC

[brewsters_millions] 06/5/2016 00:30

Fission i hope you've got yourself an open sitting here :0
Nice to see you and hope you're good.
Timing is the essence and you have arrived.

Best of luck (not that you need it) if you invest here

[nav_mike] 05/5/2016 17:21

brewster

Just as likely to be 2 sells from Brookes McDonald that have provided the shares to be sold at 6.1 etc

Would explain why we are unchanged despite the buying


LOL sod it lets stay positive and say they were buys :)

[fission453] 05/5/2016 17:07

Thats very goot!

[brewsters_millions] 05/5/2016 17:01

2 x 100k buys just reported

[brewsters_millions] 05/5/2016 12:52

Jamie I bought 500k in ARS today.Are you sure you're on the right thread ?