Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 25/6/2017 21:35

Mozambique: Tete industrial investment zone on the cards, say analysts - African Business Magazine #Tete #NCCLhttp://africanbusinessmagazine.com/region/southern-africa/mozambique-industrial-investment-cards-tete-say-analysts/

[cl0ckw0rk0range] 25/6/2017 21:34

Gov tell EDM step up production, encouraging public and private investment in electricity generation projects #NCCLhttp://clubofmozambique.com/news/minister-calls-for-increased-power-generation-aim/?platform=hootsuite

[cl0ckw0rk0range] 24/6/2017 12:59

Also interesting how initially they said that they would be reporting back on partner by August which has now been brought forward to July... in my mind they already have a shortlist.

[novicetrade68] 24/6/2017 12:21

Although I' completely guessing here, but I wouldn't be surprised if the company was already talking 'informally' to other partners, well before they announced the new partner search 'formally' started in June. After all, the original JDA with SEP was meant to be concluded in Q1 2016 and I suspect that once this date got postponed and postponed further, the company started to get a feeling they were being strung along.

I do agree with this LSE poster that Directors wouldn't chunk their own cash in, again, if SEP was the only the option in town. I hope next month will be very interesting, any hint of NCCL having received some interest to develop a coal mine and this may well fly past previous highs.

[cl0ckw0rk0range] 24/6/2017 09:19

Some interesting points made on LSE by posters, this morning also :The more I read, the more I think the company has now getting its act together with new partner search. We know there is more than 1 interested party and we still have SEP that could come back to the table with hard cash. It looks less like a binary bet now than it did a month ago- particularly as the company can announce something next month which is over a month clear of refinancing the loans. Again, I cannot think of a reason why the company would continue to chuck their own cash in if nothing was to happen. I would expect now a good run up to July in anticipation of what I think will be positive news. Cannot see it any other way. Recent broker note highlights 10 bagger potential on only a 10% carry for NCCL. The SEP JDA was a 40% carry. Even if we get 25% plus cash then I would say my 30p prediction will be fairly accurate but dyor obviously.

[cl0ckw0rk0range] 24/6/2017 08:38

Google finance latest software update has *issues* JS... ADVFN working fine

[123js] 23/6/2017 17:25

Any reason why Google finance not reflecting correct price for NCCL?Google problem or my problem??

[timw3] 23/6/2017 13:36

o/t UKOG massive OIL hit!!!!

More news next week by the looks of it. Weekend press will be all over this,

Politcally stable, funded, oil seeping out, Whats not to like.

Can see 3-4p easy next week imo

[cl0ckw0rk0range] 23/6/2017 13:35

A little refresher perhaps..https://www.voxmarkets.co.uk/activity/71716?source=appHybridan posted a squawk about NCCL12:0930 MayNcondezi Energy: No longer just Shanghai or BustNcondezi Energy is focused on the phased development of its large scale, long life, integrated thermal coal mine and up to 1,800MW power plant project in Mozambique. Originally an export coking coal play, Ncondezi has invested significant resources in scoping the nearby 4.8bn tonne JORC compliant coal project. The mine is anticipated as being the sole supplier to the power plant. The shares are down nearly 80% over 3 months on the back of delays on closing a deal with Shanghai Electric Power (SEP). Nearly a year and a half after signing the Joint Development Agreement, Ncondezi last week announced that it had suspended exclusive discussions with SEP and will now engage with additional strategic partners who have expressed an unsolicited interest in developing the project alongside Ncondezi.• Time is of the essence for Ncondezi which has received indications of interest for an additional US$350k shareholder loan which would fund the company until 2 September. This has not as yet been finalised. Ncondezi is also actively engaging with Shareholder Loan holders to seek an acceptable funding solution ahead of loans expiring in September.• The project will require funding of circa $1bn to implement the 300MW plant and transmission line with optionality to increase capacity thereafter.• Sub Saharan Africa is woefully underpowered and the proposed site is ideally located to plug into the existing network with potential to extend supply into South Africa, Zimbabwe, Botswana, Namibia and Zambia.• This is a very advanced project and therefore has a good chance of securing high quality partners. The fact that the company has received unsolicited approaches is encouraging. A feasibility study and all technical documentation has been completed, a Power Purchase Agreement has been agreed in principle with a local utility, all relevant Social Impact and Environmental studies, land use rights and other permits are in place, the mine concession has been awarded and access to the power grid has been approved, indicating Government support.• The first 300MW stage of the power plant has been estimated to generate US$130m of EBITDA annually. Ncondezi's very existence hangs in the balance as reflected by the sub £5m market cap. Should it find a way through to financial close, even a 10% share in the project could be worth more than 10x this amount. We applaud management's decision to take back control of the project. Stimulating competition amongst potential partners may help to secure a favourable outcome for shareholders.

[cl0ckw0rk0range] 23/6/2017 12:39

I am quite happy to have a discussion though as I suggested perhaps you should familiarise yourself with the company first as it would appear with the placing, loan repayment rhetoric that I have seen many times here by several posters from a certain board that you have not, or choose to cherry pick the pieces that you wish to discuss.

[daddy warbucks] 23/6/2017 12:22

You don't need to be so abrupt. I will leave you to your own advice. Sorry for wanting a discussion to explain myself rather than the usual one liners that appear on many bulletin boards.

[cl0ckw0rk0range] 23/6/2017 12:18

I don't need your advice thank you, I invested here with eyes wide open regarding the funding and repayment terms and am more than satisfied with them over substantial dilution. It is a moot point discussing the percentage of the project that NCCL will hold post financial close as the only information that is in the market is that relating to the SEP deal, though one could extrapolate from this the range that NCCL are looking to retain post FC and given the current MCAP it stands that there will be significant upside for shareholders even with a smaller proportion of the overall project retained due to interest paid on the loans. This isn't the stock for dilutive placings if that's your "thing".

[daddy warbucks] 23/6/2017 12:12

Perhaps I didn't express myself properly. I did say in the first line of my previous reply that the loan would have to be repaid and there is a high price to pay in interest charges.I then asked whether a placing would have been a cheaper option. Was anyone asked? Did the company go down that route and find no one had the appetite for a placing? I don't know the answers do you.However certain people came up with the loan with punitive interest rates which I believe has still not been repaid. You could argue that it needed to be done at that time to keep the company going. But that returns me to the question as to any appetite for a placing.Yes if a deal is struck, the loans AND INTEREST, can be repaid to the lucky ones and other payments could follow. But they will come at a price and NCCL will have to give up a substantial % of the overall coal to power deal.Without a deal, the company COULD be taken over by those with the loans outstanding and who knows, they could do a different deal with some power company on different terms.I am only pointing out different possibilities. If you have the faith that things will come good, then I would advise you to stick with it.

[cl0ckw0rk0range] 23/6/2017 11:53

As I say perhaps you should read the previous RNS relevant to this company before asking questions about dilutive placings and loan repayments, as with the previous partner SEP (who are still at the table) they would bring with them an initial cash payment to NCCL, with further payments upto and including financial close. The shareholder loan would be repaid from this. Do you really believe that the BOD, institutional investors and other long term large holders would dilute themselves? I will help you with that one. No they would not.

[daddy warbucks] 23/6/2017 11:41

In a sense a loan is still a form of dilution. It doesn't dilute the shareholder base (yet), but has to be repaid at a rate I think even you must acknowledge is high.Would people like a placing where they could participate or loans held against the companies assets at exorbitant rates?I will leave you with one further question. If no deal is done by July and loans later become payable against the companies assets, what will happen?You have see Kibo struggling to get over the line, which has left me and others exasperated and they have had almost $3 million dollars given to them by Sepco. Should they renage on that deal then Kibo could well be in the same state as NCCL.We are small companies, manipulated by the greedy. We just have to hope we get one correct, once in a while.As I say good luck.

[cl0ckw0rk0range] 23/6/2017 11:29

"I am just querying if the current small shareholders will be squeezed out by those who will own most of the shares if the company cannot pay back the debt and the current debt holders convert their debt into shares, which I may add will not be at the current price but much less".The last placing here was in 2015 with AFC at a premium. Shareholder loans will be repaid once partner has been selected, perhaps read some of the previous RNS and you will see the type of deal that is being negotiated here, unlike the process of repeated dilution in other shares I could mention.

[daddy warbucks] 23/6/2017 11:17

By the way, I am a Kibo shareholder, but am also interested in a number of shares, which I occasionally write on. You can look at my previous history. I have been on ADVFN for quite a while and don't hide behind any aliases.I wish you well.

[daddy warbucks] 23/6/2017 11:14

cl0ckw0rk0range, I didn't say that a deal wouldn't go through. I am just querying if the current small shareholders will be squeezed out by those who will own most of the shares if the company cannot pay back the debt and the current debt holders convert their debt into shares, which I may add will not be at the current price but much less.I have seen this happen in a number of shares. If people want to speculate that they are in for a profit then I wish them good luck. The present loans are at 25 and 50% interest which was much better than the previous ones which doubled the loan and I believe has still not been repaid.It may be worth a punt if you believe a buyer/JV partner will come forward by July, but that is only 5 weeks away.I would also question the action in this mornings market. Was the price inflated for people to be enticed in or for those with large holdings to get out. I would ask you to see what happens at the end of July, when we can discuss it again. Too many people follow the hype and end up losing. AIM is getting more like a betting office every day and only the bookmakers come away with most of the money.

[cl0ckw0rk0range] 23/6/2017 10:49

Daddy WarbucksI see you'r a KIBO shareholder. That in itself tells me why you are posting here.The BOD are much more informed as to the current situation with partners and deals, and they have themselves put significant skin here in loans and share purchases. I would not think that MH would stump up a further 200k at this point if he thought it was not going ahead. Perhaps you should look at his CV.

[cl0ckw0rk0range] 23/6/2017 10:45

Sonicboomboy or shall I call you Matt? You clearly have an unhealthy obsession with this company and perhaps you should stick to KIBO which you are invested in. You are really making an embarrassment of yourself.

[bionictwat] 23/6/2017 09:15

More questions who is will be the new partner as they will be wanting a better deal than SepWhat's the new dilution or placing price

[daddy warbucks] 23/6/2017 08:53

How much is owed on these 'loans' now and how many are there. I have lost count.When they become payable and have to be converted to shares, because there is no cash to repay them, who will own the majority of this company?KatyLied had the best idea.

[cl0ckw0rk0range] 23/6/2017 08:52

It's a tightly held stock, surely you know how to set a sell or buy order with your broker? It's NT to buy many stocks at high levels of market volatility.

[123js] 23/6/2017 08:48

Don't leave the party now!