Ncondezi Energy Share Discussion Threads

[splatted] 27/11/2018 04:36

Hanno has said he would like jda by the end of the year,but realistically its looking to be done by Chinese new year. So he is saying Chinese new year at the latest.obviously that wont be said in a RNs,so q1 is stated. Jda early Feb and more news before that.wait till end of March if that's your plan but I think those who do will get caught with their pants down

[novicetrade68] 26/11/2018 22:05

yogaboy, all fair points and I thought it was equally disappointing to see the goalposts move for the umpteenth time. I think the reason for that is that this company, although they have the resource and done a lot of legwork, as the most junior party they have to constantly juggle and submit to the wishes of four powerful players,. GE, CMCL, MIREME and EDM, each with their own separate interests and unfortunately timetables too.

[dontay] 26/11/2018 21:21

Yep. It's certainly not going anywhere for quite a while now. They have in effect advised us to do just that. Can always come back in next year. In the meantime (if you move fast) whilst obviously doing our own dd of course, have a look at the most exciting stock on AIM as an alternative parking space... (and the top quality lse board) you may even find you'll not be wanting to come back here after all! https://www.thebushveldperspective.com/

[yogaboy] 26/11/2018 19:16

Let me start the conversation around why this is so disappointing.

The 11 June 2018 RNS referred to submitting the FM to MIREME and EDM in mid-June, stating that the JDA was expected to be signed by 31 July - ie only six weeks later.

The submission turned up an unexpected (?) change to the plan (the workshops), but the 26 July RNS stated that the JDA would follow 3 months after receiving EDM and MIREME’s support.

That support was announced on 5 November, which put the JDA in early February.

We are now in late November and the JDA is expected in Q1. No-one believes that “Q1” means anything other than “at the end of March”. It certainly doesn’t mean any time in January or February, but most likely the last week in March, which is four months away.

Signing the JDA is what will move the share price. This announcement therefore tells the market that there’s nothing to see here for four months, which is why we are 16% down on the day. When you keep announcing dates that subsequently you keep revising to be ever further away, sooner or later investors stop believing you. I’m back at my buy price, and seriously considering selling up for four months. Why leave the funds locked up?

[splatted] 26/11/2018 13:15

The derampers will be topping up on this drop!

[cl0ckw0rk0range] 26/11/2018 12:28

" is no direct public declaration of commitment by the big guys via mention of the LoA and MOU of being counter-signed ... even tho they were requested, expected.... and received quite some time ago "MOU was non binding and project timetable commits all parties to project delivery so effectively supersedes the MOU, Q1 for JDA and timetable agreement prior to that.Pumpers indeed. Grow up.

[daddy warbucks] 26/11/2018 12:13

Thanks for the replies.

[dontay] 26/11/2018 09:09

It's still on the companies prior timescale which has always been a tad different to the pumpers one. JDA supposedly still on for 1st Q 2019. A major concern which will certainly depress the share price .. is no direct public declaration of commitment by the big guys via mention of the LoA and MOU of being counter-signed ... even tho they were requested, expected.... and received quite some time ago. No surprises here.

[cl0ckw0rk0range] 26/11/2018 09:04

The timetable is in line with the governments white paper, they key here is the JDA with GE and CMEC which cements the project, Q1.• JDA - Q1 2019 • Binding engineering, procurement, and construction ("EPC") and operations and maintenance ("O&M") contracts - Q1 2019 • Signing of key commercial agreements: Power Purchase Agreement and Power Concession Agreement - Q1 2020 • Financial Close - H1 2020 • Commercial Operations Date - H1 2023

[daddy warbucks] 26/11/2018 07:04

Rns outNot sure if the PPA date is an admin error. Gives dates as 1st Quarter 2020.Any thoughts please.

[splatted] 23/11/2018 08:37

Back to 7s today

[imjustdandy] 23/11/2018 03:37

Excellent day yesterday. Hopefully we're not too far away from the big JDA now.

[yogaboy] 22/11/2018 23:12

Come on NCCL, let's have another Friday RNS :)

[splatted] 19/11/2018 04:49

Mou and then we fly

[cl0ckw0rk0range] 17/11/2018 19:07

Very excited for the next few pieces of newsflow.

[imjustdandy] 17/11/2018 15:53

Great RNS on Friday. Being brilliantly managed .

[cl0ckw0rk0range] 17/11/2018 09:13

Lindon/Dontay FYI

[cl0ckw0rk0range] 16/11/2018 13:29

Watch this space

[dontay] 16/11/2018 10:30

Great to see that's been sorted as expected, this news release hasn't made the share price go "whoosh" with the market setting a new base price! Whoda thought it! Next step I want to see now is proof of the big guys commitments by them counter-signing the LoA and MOU. These written non-binding commitments from the African side were specifically asked for, that request has caused some delay... but they have been now received. Now let's get something more than just hearsay from these two companies. Surely counter-signing the documents they've been waiting for should be pretty immediate and not in the least bit difficult... but apparently still not yet been done.

[cl0ckw0rk0range] 16/11/2018 09:07

Market looks very short here...

[imjustdandy] 16/11/2018 08:52

Receipt of the Support Documents from MIREME and EDM are welcomed by the Company, as they provide formal support for the continued development of the Project as well as confirmation of the process and key development milestones required to enter into formal tariff negotiations and finalise the Project development timetable. With delivery of the Support Documents, the Company's attention moves to finalising and implementing a revised timetable with its potential strategic partners to deliver key development milestones, particularly the delivery of the JDA which the Company believes it is adequately capitalised to achieve.Note "adequately capitalised to achieve"

[imjustdandy] 16/11/2018 08:51

Bottom line is, we are de risked , sufficient W.C. and ready to move forward to JDA.

[cl0ckw0rk0range] 16/11/2018 08:47

c40% of the Co is owned by insiders who are on the board & in the loan - they won't be doing anything to the detriment of their own shareholding?s and the institutional investor AFC who own c22% are likely the ones arranging the financing ultimately for the project with GE and CMEC. The lenders are unable to forward sell as you propose as they are insiders.