Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 20/10/2017 10:02

Looking very promising indeed, this significantly derisks the project and opens new doors.

[kingkongtimmo] 20/10/2017 09:59

Come on, You're better than that Dudley. I think.

[dudleym1975] 20/10/2017 09:56

Bring on 50p Here we comeeeeeeeee whoppppeeeee

[novicetrade68] 20/10/2017 09:56

Wow, nearly 15m already traded.

Unlike last time, we now have a partner already in Mozambique...

"GE has been present in Mozambique for over 4 years with offices in Maputo and over 44 employees.

GE is focused on business development and building Mozambique’s future through key investments in a wide variety of industries including; Oil & Gas, Transportation and Energy Connections, Power and Healthcare. Committed to growing in Mozambique, GE has continued to make significant investments in the country’s Human capital."

[imjustdandy] 20/10/2017 09:51

Wonderful but we are only at the begging of something very special.We loaded up with cash, sitting with GE and about to deliver a $1bn project. You've no idea

[novicetrade68] 20/10/2017 09:35

Hope everybody is having a fantastic morning ;-)

[cl0ckw0rk0range] 20/10/2017 09:30

#NCCL suggested £50m MktCap is c19p... This is for 300MW. The plant could eventually be 1800MW

[tel11] 20/10/2017 09:28

this should be around 12.50p by now

[cl0ckw0rk0range] 20/10/2017 09:10

Newsflow to come off the back of this for sure, wouldn't be surprised to see this in the papers over the weekend the news is that massive.

[imjustdandy] 20/10/2017 09:05

Get the flippers out

[imjustdandy] 20/10/2017 08:42

Placing shares almost flushed through. 13p plus later on today for sure .

[imjustdandy] 20/10/2017 08:31

Working capital fixed . Best global partner. Sit back and relax

[robizm] 20/10/2017 08:13

It is non binding so not set in stone but good news

[daddy warbucks] 20/10/2017 08:05

Looking good for all holders. Should top slicing be considered shortly?I have a few questions to ask, but not just at this minute.

[imjustdandy] 20/10/2017 07:52

Where is this going today?

[nav_mike] 20/10/2017 07:10

No wonder placing was over-subscribed :)

[imjustdandy] 20/10/2017 07:10

What a partner - can't believe that's all been done so soon . Wow

[cl0ckw0rk0range] 20/10/2017 07:05

Ncondezi Agrees Non-Binding Offer with General Electric and China Machinery Engineering Corporation.That will do pig, that will do.

[cl0ckw0rk0range] 19/10/2017 20:09

There was only 15m in the placing looking at volume last few days any selling will swiftly be cleared.

[nav_mike] 19/10/2017 19:09

I think it will take a few days for the placing shares to be absorbed into the system

Not 100% of them will have gone to long term holders....some will have been flipped for a quick 15% to 20% im sure...hence a few of the lumpy looking sells.

Nothing to worry about - next week should hopefully be very interesting

[imjustdandy] 19/10/2017 17:01

Quiet on here today. Lull before the storm?

[imjustdandy] 19/10/2017 05:50

Ncondezi 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.

[novicetrade68] 18/10/2017 10:04

Yes, and a confirmation of our new partner could be with us any day now, less than two weeks left in October.

Without trying to repeat points made by others already this morning, but the 5p placing price plus a new MM on the books is fantastic news.

[imjustdandy] 18/10/2017 08:36

Funding fears over. Partner focus now firmly in the spotlight.