Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 30/1/2017 13:30

Mozambique sovereign debt is a sideshow. NCCL own the coal. SEP are building and running the plant. Mozambique gets power as bonus.SEP are taking a long term strategic view in Mozambique, short term government issues like this are a blip.

[katylied] 30/1/2017 11:11

Mozambique fell prey to the promise of fabulous wealth – now it can't pay nurses



This article puts into the mainstream press, the view that Mozambique can extricate itself from the current debt burden, by calling the suspect Credit Swiss and VTB loans illegal. The court case would take place in London and there seems to be solid opinion that Mozambique (against the banks) would easily win. However, what is not mentioned is that Frelimo may be reluctant to do this, because it would blow the case wide open and many prominent figures (including President Nyussi), could suffer consequences...

One worrying point in this article is the line "The secret loans are now being investigated by forensic auditors Kroll, who are due to report in May." Everywhere I had previously read, said - report in February...

A webinar on Mozambique's debt crisis (sound is a bit dodgy)

[cl0ckw0rk0range] 30/1/2017 09:48

What "timelines for riches" do you speak of? To quote LSE "Quite key obviously is the JDA agreement which could land at any point - and people buying in now are buying with the share pretty much under the radar. The JDA unlocks the following: 1) Access to one the largest power plant operators in China. 2) Funding of approx $60m for 60% of the project 3) drawdown of funds from our largest shareholder, AFC to support working cap 3) access to debt providers who, I believe, will provide a larger than expected proportion of the debt : equity mix to improve equity returns 4) ability to drive down both opex and capex costs thus improving equity returns 5) more institutional interest in NCCL's equity / the project 6) more PR 7) potential for a more structured broker note with targets based on the expected cashflows of the project"Going by technical charts once past 8p resistance looking at 16p area in short order, which is about where I expect this to be once JDA signed. You can put a figure on this of 25p by FC in due course but I fully expect NCCL to be the subject of a takeover before then.

[cl0ckw0rk0range] 30/1/2017 08:58

You clearly don't understand as your asking how NCCL are funding the power plant construction. If you were familiar with the project you would already know the answer to that question.NCCL are very anti dilutive, perhaps you should look when the last placing actually was, and whilst your at it take a look who the largest shareholders are, here's a clue.http://www.africafc.org/Home.aspxHopefully you can join the dots and put any funding concerns you may have to rest.

[cl0ckw0rk0range] 30/1/2017 08:33

I'm afraid you don't understand the project if you are asking how NCCL are going to find the power plant construction. Perhaps you should read over some previous RNS releases, maybe even listen to some podcasts, and then come back with some more pertinent questions.SEP are not SEPCO3 / GE. Don't make the mistake of confusing that.

[cl0ckw0rk0range] 30/1/2017 08:30

I didn't suddenly appear, I have recently joined. Nothing suspicious about that.

[cl0ckw0rk0range] 30/1/2017 07:53

SEP will expand their footprint in Mozambique with the construction of a 300mw coal fire power plant supplied from the NCCL coal mine. Groundworks for access construction have been ongoing for some time ahead of JDA and SEP have already outlined c$1.5m in progressing this.It's on the SEP website.http://www.shanghaipower.com/xwzx/gsyw/201607/t20160718

[cl0ckw0rk0range] 30/1/2017 07:52

Exactly my point. Strange how you have negative comments to make on all other coal to power plays in the region with exception.

[katylied] 29/1/2017 16:30

新年555;乐 年的844;鸡

[cl0ckw0rk0range] 29/1/2017 16:03

Relevance to NCCL? Mozambique sovereign debt is a sideshow, given SEP are Chinese state owned Fortune 500 listed company would envisage that Mozambique government would be discussing their side of financing with Chinese banks. Fact of the matter is that this plant will be producing power from a Tete coal mine and exporting to South Africa along the existing power grid, the demand for reliable supply to Mozambique will be met as a matter of course. Didn't you read about the planned Tete industrial zone?http://africanbusinessmagazine.com/region/southern-africa/mozambique-industrial-investment-cards-tete-say-analysts/Join the dots.

[cl0ckw0rk0range] 28/1/2017 11:50

Statistically Nicola gets it right more often than not on technicals. Seems some have an agenda on this board.

[doshdabbler] 28/1/2017 09:50

Andrew, let it lie mate.

[andrew1995] 28/1/2017 09:25

M1 - she has done, many a time and get's that wrong too!