Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 27/3/2017 20:37

Agree with you completely, given the calibre of the BOD I will not be at all surprised if workflows have been completed concurrently and we are waiting for a pre agreed signing date before we officially announce. FC may be very much sooner than we think on that basis.

[m1sak] 27/3/2017 19:34

Again, this may be one of the reasons news has not been sooner. I am convinced that NCCL has been working in advance and securing someone to build/finance the mine with some additional coal sales in the region.

We have a few options in the area for sure and there are plenty of idle diggers knocking about.

[dozydumwit] 27/3/2017 17:50

Delays are rife in Mozambique and further concerns around their debt obligationsMaybe SEP need another 12 months of due diligence which would be the right thing to doWatch this fall

[cl0ckw0rk0range] 27/3/2017 17:50

More inward investment, join the dots.http://allafrica.com/stories/201703270222.htmlMozambique and Germany Sign Cooperation AgreementsThe accords were signed by Mozambican Foreign Minister Oldemiro Baloi and the German ambassador Detlev Wolter. This follows negotiations last year between the two governments, which resulted in pledges from the German side to grant 118.6 million euros for the three sectors.Germany will also provide an additional 39 million euros to finance a power transmission line between Mozambique and neighbouring Malawi, as well as supporting short-term electricity projects in Mozambique.Speaking at the signing ceremony, Baloi said that the German financial support would spur on the government to redouble its efforts to implement the projects. He noted, "our sincere appreciation for the friendship, solidarity, and support that the German government has shown since our independence, particularly during the most difficult times".Ambassador Wolter explained that Germany wishes to expand and improve basic and technical education through the Mozambican Education Sector Support Fund (FASE). This will involve collaboration with government institutions as well as certain educational establishments.He added, "we also aim to improve conditions for the creation of a financially competitive private sector, improve the state management of the mining sector, and improve access to energy through the modernisation and amplification of the electricity grid".

[dozydumwit] 27/3/2017 17:34

Time running out yet no rns forthcoming Those will pay the price this week when another delay is announced

[cl0ckw0rk0range] 27/3/2017 16:08

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.

[kryptonsnake] 27/3/2017 16:04

Actually I was a holder here for years. I very rarely post negative comments on a share, I was pointing out the positives and negatives here.

I'm still interested in this company but it's getting to the point where shareholders need some answers on the financial situation. Also get the JDA done and dusted.

[cl0ckw0rk0range] 27/3/2017 16:03

Yes the timing of these accounts being created and the content of the posts is very telling in itself. The bitterness is palpable. Very sad.

[cl0ckw0rk0range] 27/3/2017 16:01

1)Stellar management team with representatives on the board from significant shareholders who in total represented a disclosed 51pc of shares 2) largest shareholder AFC - a huge African infrastructure investor who had supported the company through shareholder loans and could easily provide further support or potential buyout of NCCL's stake through its JV with Harith 3) partner with SEP, a huge power partner and conglomerate. Part of SEP's vision is to double in size through overseas expansion. They have this project in their sights. Due to sign an unconditional JDA which could potentially find NCCL to first power. Bringing all the debt and $60m to NCCL at project level. Will also bring significant expertise in driving down costs on OPEX and capex 4) Area where power plant is due to be built a huge coal area and infrastructure in place already (interconnecting power lines, railways and roads (mostly in place due to investment by Vale)). Also earmarked to be a new industrial zone by Moz govt 5) project economics show >$100m EBITDA per year. Capex $504m of which SEP will fund or find funding for vast majority (all debt and 60pc equity). On 85:15 debt:equity split NCCL should be fully funded to first power 6) project capable of expansion to 1800MW 7) NCCL will still own 100pc of the mine which they can a) sell b) subcontract c) project finance and keep d) expand on higher coal prices (TBD) 8) there will be huge awareness on deal closing with SEP as project will be hugely derisked - expect more PR and with low free float (30-40pc perhaps) this could rerate v quickly.

[kryptonsnake] 27/3/2017 15:37

All good positives but don't ignore the risks here.

[cl0ckw0rk0range] 27/3/2017 15:24

1)Stellar management team with representatives on the board from significant shareholders who in total represented a disclosed 51pc of shares 2) largest shareholder AFC - a huge African infrastructure investor who had supported the company through shareholder loans and could easily provide further support or potential buyout of NCCL's stake through its JV with Harith 3) partner with SEP, a huge power partner and conglomerate. Part of SEP's vision is to double in size through overseas expansion. They have this project in their sights. Due to sign an unconditional JDA which could potentially find NCCL to first power. Bringing all the debt and $60m to NCCL at project level. Will also bring significant expertise in driving down costs on OPEX and capex 4) Area where power plant is due to be built a huge coal area and infrastructure in place already (interconnecting power lines, railways and roads (mostly in place due to investment by Vale)). Also earmarked to be a new industrial zone by Moz govt 5) project economics show >$100m EBITDA per year. Capex $504m of which SEP will fund or find funding for vast majority (all debt and 60pc equity). On 85:15 debt:equity split NCCL should be fully funded to first power 6) project capable of expansion to 1800MW 7) NCCL will still own 100pc of the mine which they can a) sell b) subcontract c) project finance and keep d) expand on higher coal prices (TBD) 8) there will be huge awareness on deal closing with SEP as project will be hugely derisked - expect more PR and with low free float (30-40pc perhaps) this could rerate v quickly.

[dozydumwit] 27/3/2017 15:19

It will dilute shareholders

[kryptonsnake] 27/3/2017 14:53

It will be interesting to see how they sort out the funding issue. I don't see it being a problem but it could dilute share holders.

[dozydumwit] 27/3/2017 14:47

The rampers don't care what is nccls cash position??? Who knowsHow are they going to fund the mine and power plant ? They may well sign with SEP but but still buckets load of doshThey will have to raise via placing as wellAnd dilute shareholders

[kryptonsnake] 27/3/2017 14:35

4 days after today for news to land. They're leaving it to the wire.

My thoughts are it could take another 2-3 months to seal the deal. What about NCCL's cash position? That's the main issue at the moment, as the deal should go through, it's just a matter of when.

[dozydumwit] 27/3/2017 14:28

Falling FallingFallingAway........

[cl0ckw0rk0range] 23/3/2017 22:18

If AFC offer a buyout its going to be an interesting figure....

[novicetrade68] 23/3/2017 16:07

40s would be equally be fine, to me anyway.

Taking into account the 'ifs' and 'buts', but if the JDA gets signed as well as funding taken care off as well as reaching financial close and NCCL receiving their $35m bonus, thus the project being derisked enough, then 35p+ wouldn't be so weird imo and given some AIM 'investors' love for chasing stocks, this could well go anywhere !

Ramp over ;-)

[nav_mike] 23/3/2017 15:33

The quality of ramping really needs to improve lol....apparently we are now easily going to be 50p+ on news (according to another site)

I cant remember too many companies rising over 500% on any news

I know this board is very quiet compared to others, but at least we arent deluded....well apart from having held these for years perhaps :)

Heres hoping Im made to look a complete fool and we zoom into the 50s