Ncondezi Energy Share Discussion Threads

[mohammedalibusiness] 30/1/2017 16:39

Well clearly I am not shouting out Sell sell sell - because I still have some - however I would urge people to check their exposure and invest sensibly. I also do not appreciate clowns jumping on the Kibo board giving it large then getting touchy when asked a simple question. In London we have a word for that - one that I can't repeat here .

[andrew1995] 30/1/2017 16:37

Mo, as we know, Earls thinks he's above the law and I wouldn't hold your breath for an answer because he doesn't have one other than constant regurgitation.

[cl0ckw0rk0range] 30/1/2017 16:37

As do mine.

[mohammedalibusiness] 30/1/2017 16:34

Earl - as you were present on the board - then perhaps you can vouch for the fact that I kept my reservations quiet as I wanted to give the board some time to prove me wrong. As the situation gets more and more dire am I not right in airing my questions wider in order to see whether I am the only holder that feels like this? Have I not acted correctly here or am I going to be labelled a troll?

[mohammedalibusiness] 30/1/2017 16:29

My questions still lay unanswered.

[cl0ckw0rk0range] 30/1/2017 16:27

"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"

[cl0ckw0rk0range] 30/1/2017 16:25

No are you deranged? My name isn't Earl as I have clearly stated in the above post, and being an ex KIBO holder I was present on the board when you made that statement.Your making yourself look an absolute fool.

[mohammedalibusiness] 30/1/2017 16:17

Earl - you are one of the few people who knows I'll be gone by 8p - so you've just exposed yourself you grumpy person. Still no answers.

[cl0ckw0rk0range] 30/1/2017 16:02

For the last time Mo my name isn't Earl. You said you would sell out if NCCL when it got to 8p but something stopped you doing that. Clearly you are invested here for a reason otherwise you can sell at a profit even at these levels. Now stop acting like a petulant child. STUART.

[mohammedalibusiness] 30/1/2017 15:53

No Earl - the reason I am on this board is because as a holder I am angry and tired of the directors actions and can't understand why we are not discussing this. Is everyone here sufficiently protected or are some balls deep here?

[mohammedalibusiness] 30/1/2017 15:41

Answer the questions Earl - is there a single point I have raised not worrying you?

[cl0ckw0rk0range] 30/1/2017 15:40

Some LSE posters may well have wild targets, but then someone was touting a buyout of KIBO being on the cards at 29p. Nobody was complaining about that?

[cl0ckw0rk0range] 30/1/2017 15:20

Nail on head there. KIBO holders posting on this board because they don't like someone's bearish views. Bless.

[mohammedalibusiness] 30/1/2017 15:02

No its not Dosh because I am a holder. The lads at Kibo are my friends ad I have spoken out against Kibo when necessary. There is a massive elephant in the room here.Opening an account in Dubai alone is no big problem. However the way NCCL have gone about it- it really makes me wonder. Do you know what the account to g requirements are in UAE? Nearly non-existent. Perfect for hiding and siphoning off money.

[mohammedalibusiness] 30/1/2017 14:59

Exactly Jamie.

[doshdabbler] 30/1/2017 14:58

What is there to discuss? This is your boiler room v Earl. I don't want any part of it and I don't want to see it here.

[jamie414] 30/1/2017 14:57

Tbf some very good points are being made.

[mohammedalibusiness] 30/1/2017 14:56

Why? I'm a holder just like everyone else. Can we discuss the issues please?

[doshdabbler] 30/1/2017 14:55

Get lost MAB.

[mohammedalibusiness] 30/1/2017 14:36

Earl - perhaps you'd like to inform me when the next 50% interest loan from the NCCL's very own directors to pay their own wages THAT THEY HAVE SECURED AGAINST THEIR OWN COMPANY will be happening?That will be over 10% of proposed SEP money going straight into their pockets.The proposed SEP money that is looking increasingly unlikely to ever be paid - hence the clever move by the directors to make sure they have a charge on the companies assets (on the money they've loaned the company to pay their own wages) should the company go into administration.Shareholders will get £0.Let's ask the legitimate and fundemental questions shall we old boy?

[harvd] 30/1/2017 14:35

What about plan B? Sell the power to S. A ?

[katylied] 30/1/2017 13:53

Well I doubt I will be thanked for this, but allow me to spell out the problem to you. Consider EDM the state electriciy supplier. No Independent Power Provider (IPP) can do business in Mozambique without a deal with EDM. Normally that would be an offtake deal. NCCL had such a deal, but it expired about one year ago.

So they just negotiate and sign a new deal right? Well to date, they haven't reported doing so. So why might that be? Some history: Prior to 2016 EDM was a loss making opperation (tariffs were kept artificially low by the Gov) and it may still be. Sources of funding for EDM included the Moz Gov and in particular foreign Gov soft loans and grants. The later has enabled most of the capital investment in Moz 'electric power' during the last decade. In late 2015 electricity tariffs were finally increased, but it seems unlikely that EDM has changed all that much, in just 1yr.

So, here is the problem. EDM cannot sign a deal with any IPP, unless it can get someone (banks?) to underwrite its future financial commitment. Similarly, no IPP will invest the necessary millions, unless that EDM agreement is bullet-proof. The Moz Gov is bankrupt. Foreign lenders have suspended loans and grants. The IMF won't lend again until the current crisis is resolved (when?). So who will underwrite EDM?

The one positive, is that this is not just any IPP. Ultimately, this IPP is the Chinese state. They don't so much play by the rules, as make the rules. Then again, as has been said many time before, the Chinese can afford infinite patience. NCCL can not...