Ncondezi Energy Share Discussion Threads

[dorset64] 10/5/2016 08:48

I will watch che7win & more than likely buy back in if it does fall any further. Going great guns over on HNR mate :)

[che7win] 10/5/2016 08:44

Dorset, So did I.

[dorset64] 10/5/2016 08:14

Have to be honest & say that I bailed out on that RNS, it spooked me and although at over 150% gain, thought it was best to crystallise it.

I really really like this co. but it spooked me. I fully intend at some point to buy back in, even at a higher share price but will only do so when I see they have the funds to continue, albeit probably at a far higher price.

GL all.

[katylied] 10/5/2016 08:08

NAV_Mike... NCCL is a fine example of long term investor 'Stockholm Syndrome'. Speaking of BAO note link. Chiúta province rings a bell...

[doshdabbler] 09/5/2016 16:48

Mike, I agree wholeheartedly, but I have been reassured on the issue that has given me the most anxiety: Sepco is NOT taking NCCL for a ride and the relationship is stronger than ever.

Other than that, who knows what the hell goes on in the Chinese mind.

[nav_mike] 09/5/2016 15:47

Must admit I nearly bailed on Friday, but the quote I got from my broker was pretty hilarious so decided what the heck, Ive been in this long, will stay until the endgame.

I think part of the RNS seemed worded for maximum downside impact, but perhaps their hands were tied by regulatory concerns. It does beg the question, why they left it so late to raise the funds.....£50k is all but bust.

I do however retain the belief that this management team has integrity, and the project has great financials.

Will sleep at lot sounder at night when I see the RNS that the funding till September has actually been signed off and received.

[doshdabbler] 09/5/2016 15:17

Difficult to buy now.

Loan confirmed within a week.

Directors/IIs putting up £1m because they know what's coming.

JDA signed imminently.

Approval/cash delayed, but not by much.

Sepco has a 30-strong team working on the project.

[doshdabbler] 09/5/2016 15:08

Folks didn't read the RNS. Simples.

[novicetrade68] 09/5/2016 14:46

May have been a typical AIM over reaction last Friday, 3v1 now too.

[doshdabbler] 09/5/2016 14:00

I've added quite a few today.

[m1sak] 07/5/2016 11:13

From Proactive Investors-:

Ncondezi Energy (LON:NCCL) 4.0 pence, Mkt Cap £10.0m – Updated timetable on JDA agreement
• Ncondezi Energy has issued an updated timetable and progress report on its proposed Joint Development Agreement (JDA) with Shanghai Electric Power (SEP) for the development of its 300MW power plant in northern Mozambique.
• The proposed JDA, which was announced in January, allows for SEP to invest US$25.5m “to fund the balance of the Ncondezi Project development costs to Financial Close in return for a 60% equity interest in the Ncondezi Power Project.”
• Negotiations with SEP, which is one of China’s largest power companies, have been progressing on both technical and commercial aspects of the agreement and the Mozambique electricity authorities (EdM) has granted its approval, in principle, for the transaction to proceed.
• Technical discussions to change the boiler technology from the originally proposed circulating fluidised bed technology to the lower emission pulverised coal boiler has demonstrated the positive enhancements to the project which cooperation between Ncondezi and SEP brings to the project.
• Despite these benefits, however, the complex negotiations between SEP, Ncondezi and agencies of the Mozambique and Chinese Governments have resulted in slippage to the original timetable and Ncondezi is now expecting to conclude these issues during Q3 2016.
• Although the delays are frustrating, the longer term benefits to the development of the project from ensuring commercial clarity and technical excellence from the outset should more than justify the modest extension of the timetable.
• In the interim, Ncondezi is “in the final stage of executing a shareholder loan (“Shareholder Loan”) for a minimum of US$1 million from certain of Ncondezi’s Directors, management and shareholders. The Shareholder Loan is expected to provide sufficient funding to finalise the JDA with SEP in Q3 2016.”
Conclusion: The proposed JDA with one of China’s largest power companies brings considerable technical, project development and operational skills to the Ncondezi Power Project. Slippage on the timetable to complete the negotiations until Q3 2016 is placing Ncondezi’s short term funding under pressure and it is encouraging to see management and directors joining certain key shareholders in providing a short term loan to tide the company over until the JDA can be concluded.

[kibes] 07/5/2016 08:00

NAV_Mike - It is extremely positive that 'Ncondezi Directors and management' are prepared to reach into their own pockets without any kind of security to provide a loan of 'a minimum $1 million'. That should be enough to prevent NCCL from cracking. It shows the Chinese the Directors have sufficient resolve to wait.

[nav_mike] 06/5/2016 16:33

Lets hope the chinese arent doing their usual trick of delaying things until the smaller company cracks

[novicetrade68] 06/5/2016 16:16

Rereading the RNS I see that NCCL also gets all their projected costs reimbursed they made since the beginning of the year, but in a way, it is a pity that all the excitement there was at the beginning of the week is now dead in the water...may be next week will be better.

[rookieinvestor80] 06/5/2016 14:20

Dnt do this to yourselves

[rookieinvestor80] 06/5/2016 14:20

Set to head for 3p bail now and buy in under 3p

[rookieinvestor80] 06/5/2016 14:20

Dump this dogDumping now

[nav_mike] 06/5/2016 14:05

I must admit, when I see the word 'pleased' in the opening lines of an RNS, I usually enjoy the rest of the reading.

Can only assume that management view the plusses as outweighing the rather large minus of further delays and only £50k in the piggy bank

[rookieinvestor80] 06/5/2016 12:56

Years behind Sepco will pull out

[novicetrade68] 06/5/2016 12:05

Ed, I would think that sorting out the shareholder loan is hopefully not too much of an issue given how in the past the directors and the larger share holders have supported the company. But of course, as always on AIM, seeing is believing.

If they get that sorted then the good news is that there is not going to be any dilution for a while. I thought the update was actually pretty decent, but the mention of delays of course always hits the share price stone cold - despite that at 4.50p there only seem to be 2500 shares available, so perhaps we'll bounce a bit more later on.

[edgein] 06/5/2016 11:44

Well they better get that shareholder loan sorted quickly or it'll be squeaky bum time.

Regards,
Ed.