Ncondezi Energy Share Discussion Threads

[2prsimo] 31/1/2018 08:42

Can't keep this tiddler down - just need to get through the resistance point of 6.75p and then it's an assault on double figures

[imjustdandy] 31/1/2018 07:38

If you care to read the broker note properly you'll maybe start to understand the real numbers. The broker refers to 10% being worth 10x current market cap which was £4m at the time. That's £40m on my calculator. We are neg for 40% not 10% so that has changed since the broker note. Did you mention that ? No !!! So if 10% is worth £40m 40% must be worth £160m so based on recent fundraise and additional shares now in issue the broker note suggests our stake would be worth at least 60p. Remember that's only based on 300MW and we are looking to increase to 1800MW. Do the maths.

[escapetohome] 30/1/2018 19:41

If Mr. DanDEE is correct i will say……

N CON DAY ZEEEEEEEEEEEEE!!!!!

[m1sak] 30/1/2018 19:38

Dandy getting carried away again.

Don`t forget Dandy, the broker "note" came out when the price was 2p.

Do the calculations again, if you are able to understand them.

Otherwise stick to tap water, that shandy is affecting your brain!

[davidlloyd] 30/1/2018 19:26

"IF"
But certainly worth covering the potential upside imo.
Gla
DL

[beetroot juice] 30/1/2018 18:45

"The first 300MW stage of the power plant has been estimated to generate US$130m of EBITDA annually"

And if it is then Scaled up to 600>900>1200>1500>1800 thats a 6 fold increase, if the EBITA scales accordingly then $780 million EBITA per Annum. Sounds astronomical but thats the figures. Which would indicate 60 x £5 million then MKT cap or £300 Million approx £1 Per share. If indeed it is the case that NCCL retain 40%, then you can times that figure by 4 or £4:)

[imjustdandy] 30/1/2018 18:29

I think we are about to witness the largest ever re rate of an Aim stock. We are sitting at the table with China Machinery and General Electric. Both partners have an excellent relationship with the Mozambique Government. So what's going to stop this happening? Remember our broker suggested that 10% of the project could be worth 50p per share. We are moving forward on the basis we will retain 40% . That's worth £2.00 to Ncondezi shareholders. See full broker note below. 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.

[beetroot juice] 30/1/2018 18:21

It was a very nice finish. Bodes well for the rest of the week. I picked a few more up today and will add as i can.

Seems as though momentum has a hold now, as i mentioned before i had been watching these from after Xmas. I hold NTOg and Iamdandy posted that NCCL where his share of 2018. At the time these were i think 3.5p-3.75p to buy.

Should have started buying then:00) Although i am a new holder ive been eye balling them for a little while. I make this point because i suspect many like me (new NCCL investors) are taking the Plunge.

Personally i can only see these gathering momentum all week. Its very possible NCCL will be at 10p plus by 16.30pm on Friday....GLA.

[novicetrade68] 30/1/2018 18:12

Yes and good to see it finished on the high of the day too.

[2prsimo] 30/1/2018 17:29

Nice close and above 6p - looks like the mm's were struggling a bit at the end there

[cl0ckw0rk0range] 30/1/2018 15:09

3,879 postsDec 27th UpdateHighlights for me; 1. "First draft of the JDA submitted for review" 2. "The Company believes it has identified the correct partners to deliver the Project and is focusing all resources on successfully completing the JDA process." On No.1 Moving quick, with the first draft I'm sure already considered and revised by now On No.2 I think discussions between GE, CMEC and NCCL are going very well, a significant cause for the optimism shown by NCCL in this update. Good luck folks!

[kingkongtimmo] 30/1/2018 15:08

Not even a smile dandy? I'm over the moon

[imjustdandy] 30/1/2018 15:07

Its been a pretty Dandy week so far. However nothing to get excited about yet as 6p is a disgrace. Vastly undervalued considering the blue chip heavyweights who are about to take this forward. Re rate underway.

[beetroot juice] 30/1/2018 14:14

Nice to see the price improving once more. Starting to be an exciting purchase for me. Forgive my many postings since yesterday. But i might very well have my first multi bagger in the making here. Normally i buy more conservative stocks.

The potential here though with a Mkt cap of just £15 million and the company being in effect the Middle Man between The government of Mozambique and GE in a billion dollar Power plant is just a rarity i could not miss:)

Hoping for 25p minimum by 2019...Thats i know conservative but i would be over the moon with it...

[beetroot juice] 30/1/2018 10:45

I bought some more this morning. I will see if i can release more funds this afternoon. There seems to be a sense of urgency around the share price I had been looking to buy in a few weeks ago, but kept delaying till yesterday.

Also we have or had a 25000 Buyer, i saw at least 4 X 25K trades, go through in quick succession earlier. Seems any loose stock will be mopped up quickly..

[imjustdandy] 30/1/2018 10:30

Looking fantastic. Market makers stopped for a nappy change. Letting some weak sellers out with thin underpants before moving higher.

[2prsimo] 30/1/2018 10:27

Looking good the last couple of days - a 6p finish or above would be great for the chart

[imjustdandy] 30/1/2018 09:54

Very little stock around.

[imjustdandy] 30/1/2018 09:24

Market playing this super tight. Wanting you to phone to trade now.

[cl0ckw0rk0range] 30/1/2018 09:18

Just been looking at the last few RNSs. The update from DEC 27th is not giving room for the JDA but for a buyout. NCCL are making room space for GE to do the necessary DD before submitting a realistic firm offer. Watch this space!! :-)

[imjustdandy] 30/1/2018 09:11

Steady slow rise up to 12p will do for now

[cl0ckw0rk0range] 30/1/2018 08:52

From LSE"...steady buying interest this morning (much prefer this) - due a tick up :-) From the Dec 27th Project Update; "Key Highlights: ? First draft of the JDA submitted for review" So a first draft of the JDA had already been completed and submitted, remembering that the NBO with GE and CMEC was signed 9th Nov. Things are moving faster than may realise. Good luck folks!"

[bionictwat] 30/1/2018 08:52

Beetroot I dnt think so

[beetroot juice] 30/1/2018 08:20

Looks like i bought in at just the right time yesterday. More i research here the more i can see 20p in the next few weeks.