Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 18/2/2017 08:39

"60% of this project is worth $60 mill as that is what Sep are bringing. Nccl stake then $40 mill but let me explain why the numbers don't matter. Sep are sourcing all the debt and as they are a subsidiary of a Chinese state owned company then expect good terms. No Darwin etc. The value for Nccl to have a world major running the show is worth in itself more than $60 million. They could have put less in and it would still be a good deal for Nccl. Secondly look at how many dilutions this company has had. The major stakeholders are worth billions. The loan will likely run over to next year. Trade desk posted some coms here suggesting the loan is no issue. Big stakeholders are not going to dilute themselves. This is well backed which is priceless. It is all on track as per RNS and looking good. Ebitda from 300mw is $100 million per year from memory with scaleability to 6x. This project isn't worth tens of millions. It's worth 100's of millions. The cash payment as I said is an arbitrary amount. Think of it like a symbiotic relationship. They bring cash. Great. They bring the ability to build this and source the debt. Great. We need them. They need us."

[cl0ckw0rk0range] 18/2/2017 08:39

Further research notes posted this morning (on LSE 7.27am onwards) but can also be found here by scrolling back a bit. Good luck all.

[cl0ckw0rk0range] 18/2/2017 08:33

"60% of this project is worth $60 mill as that is what Sep are bringing. Nccl stake then $40 mill but let me explain why the numbers don't matter. Sep are sourcing all the debt and as they are a subsidiary of a Chinese state owned company then expect good terms. No Darwin etc. The value for Nccl to have a world major running the show is worth in itself more than $60 million. They could have put less in and it would still be a good deal for Nccl. Secondly look at how many dilutions this company has had. The major stakeholders are worth billions. The loan will likely run over to next year. Trade desk posted some coms here suggesting the loan is no issue. Big stakeholders are not going to dilute themselves. This is well backed which is priceless. It is all on track as per RNS and looking good. Ebitda from 300mw is $100 million per year from memory with scaleability to 6x. This project isn't worth tens of millions. It's worth 100's of millions. The cash payment as I said is an arbitrary amount. Think of it like a symbiotic relationship. They bring cash. Great. They bring the ability to build this and source the debt. Great. We need them. They need us"

[cl0ckw0rk0range] 18/2/2017 08:32

" we are witnessing a potential super multi bagger the likes of we will never see again on Aim. Ask yourself one simple question. If a $1bn project that was going to deliver £100m PBT was being reversed into a £25m mkt cap co with no further shares to be issued you'd classify that as a reverse takeover and NCCL would have been suspended for the past 2 years pending RTO. However , because this is a JV in a co held by Sep and NCCL and it's going to be fully funded by Chinese debt to binary dynamics.of the share price on signing JDA will be something we haven't seen on Aim for many a year. Roll on Monday and less than 5 weeks until that JDA event hits Aim. Market makers won't know what the F to do"

[cl0ckw0rk0range] 18/2/2017 05:07

The jealous are troublesome to others but a torment to themselves.Fundamentals and technicals lining up nicely here, first target met, next up 14p, penultimately 22p, and final monthly target 48p.Got to love a good chart.

[cl0ckw0rk0range] 17/2/2017 21:48

Shareholder loan from shareholders would not be at detriment of... shareholders. Come on.....try harder "Mo"

[cl0ckw0rk0range] 17/2/2017 21:41

I see that Mo has been trolling on LSE as well as Twitter. What's up with that? Vested interest in something you are not invested in? Get a life.

[katylied] 17/2/2017 18:57

Hi Mohammed... Refer RNS 4806I 2016/08/31. When the AFC loan was setup, the terms of the earlier shareholder loan were amended. According to this later RNS, the due date for both loans is now 2017/05/10...

In both cases, if that deadline is missed, repayment multiple increases to 2x

[mohammedalibusiness] 17/2/2017 18:46

KL - loan is due now...

"If the JDA has not been made effective within 6 months of the date of the Shareholder Loan agreement, then the drawn down portion of the Shareholder Loan becomes immediately repayable at a 1.5x multiple."

As the directors have secured the loan against the company the following makes interesting reading:

The Shareholder Loan is subject to customary termination rights and events of default, including if the project is abandoned which, if triggered, will make the drawn down portion of the Shareholder Loan immediately repayable at a 1.5x multiple. Lenders also have the option to request security over the assets and loans of the Company.

All from the RNS released on 11/05/2016

[katylied] 17/2/2017 18:06

RNS 9399Y 2014/01/31...

"... the Company granted share options in respect of 5,700,000 shares in the Company to its executive senior management team and contracted personnel. Of the total share options granted, 3,375,000 options have been awarded in lieu of an annual bonus payment for 2013 and vest on the date of grant; 2,250,000 with a zero strike price and 1,125,000 at an exercise price of UKGBP0.065 per share. The remaining 2,325,000 options will vest, subject to achieving financial close..."

So, there should be 1,125,000 @6.5p = £73,125 out there vested and (finally) well in the money. Gotta be worth a couple of extra months trading for NCCL, at least up until the proverbial hits the fan (loan deadline) in mid May...

Just needs whoever has them, to pull the trigger...

[novicetrade68] 17/2/2017 17:44

The recovery following the RNS today was pretty encouraging, towards the close there were hardly any shares available again, although someone managed to pick up a 100k at 10p by the looks of it. Should set us up nicely for next week, hopefully.

[cl0ckw0rk0range] 17/2/2017 17:19

Great finish sets us up for a great week next week, doesn't seem to be much resistance at all, going to stick my neck out and say 16p by Tue/Wed.I know but... we did 5p in 20 minutes today!Oooo!

[doshdabbler] 17/2/2017 15:36

It's happening, just not today.

[falia] 17/2/2017 15:22

GUYS MAFL ON FIRE

[novicetrade68] 17/2/2017 15:18

That's a good point actually, today is somewhat an interesting lesson what a tiny free float can do to a share.

[cl0ckw0rk0range] 17/2/2017 15:10

Speeding ticket expected, proper company and proper NOMAD. The fundamentals haven't changed. Would expect that this is on many more people's radars now which was really what NCCL needed, anticipate further rises next week ahead of news and moves again exacerbated by the tight free float. 48p monthly target remember.

[novicetrade68] 17/2/2017 14:58

Lol, was getting all excited here for a second.