Ncondezi Energy Share Discussion Threads

[mike2909] 20/8/2019 13:29

I suspect mr fletcher is scratching his head. Only a couple of weeks ago he was snapping up another 2% at what he thought was a bargain at 6.50p. Also just after JDA he posted on here, and I'm sure he mentioned buying in the 9s right after the RNS.

[soultrading] 20/8/2019 13:20

I can't be the only one taking advantage. Current price is 5.80

[soultrading] 20/8/2019 12:16

I think the current price is a bit of a gift and look forward to when it turns and moves up. I think some will kick themselves for not taking more sub 6p why the opportunity was there.

[soultrading] 20/8/2019 12:01

Come on sub 6p is a gift.

[soultrading] 20/8/2019 11:59

I took some more with back of the sofa money (10,000) as I ready have a nice holding.

[soultrading] 20/8/2019 11:59

At support now - get ready for a bounce.

[sandcrab2] 20/8/2019 11:54

Price continuing to plunge

[cl0ckw0rk0range] 20/8/2019 09:45

Expected to retain 40% so what are the other options?

[cl0ckw0rk0range] 20/8/2019 09:45

Mike it doesn't say binding or non binding in the RNS and it's not exactlyvery clear from that which is why it may be worth you contacting the company who can clarify this for you.

[yogaboy] 20/8/2019 09:30

mike2909 for me it's not the omission of the word "binding", it's the inclusion of the phrase "Ncondezi is expected to hold a 40% equity interest in the Project"."Expected" is not a major derisking expression, hence the market's reaction.

[mike2909] 20/8/2019 09:16

No need to contact the company. It is quite clearly stated in the Rns. It evens states any party can announce its intention not to proceed with the project at any time and seemingly without reason. And it’s not bashing it’s a fact, we have spent the last 18 months awaiting a promised BINDING JDA and we haven’t got one. Hence the share price imo.

[cl0ckw0rk0range] 20/8/2019 09:03

If you want to clarify whether the JDA is binding or not perhaps best for you to contact the company and have that discussion, im sure they are better placed to advise you on that rather than relying on speculation from private investors and / or bashers.

[yogaboy] 20/8/2019 08:27

mike2909 the JDA as announced is not even remotely binding, as it does not give a percentage for each party. In that sense it is quite ridiculous and the market appears to have called it out.

[mike2909] 19/8/2019 20:08

I accept there are get outs in any deal. I have added more as I stated on here a couple of weeks ago. I do intend to add more preferably under 6p. But a binding JDA would give me more confidence to add more than I am now prepared to. Just one question I would like you to answer if possible. Why do you think that after stating in every JDA update Rns that it was a binding JDA, that on completion of the JDA, binding was not mentioned, and the stated get outs confirmed that.

[johny cash] 19/8/2019 19:59

Couple of good thoughts there Clock and Mike.

[cl0ckw0rk0range] 19/8/2019 19:57

There are 'get outs' as you put it in any deal if you look closely enough. The tariff is well on its way to being submitted to the government for approval, and from this on to PPA. Given that the previous tariff was agreed in principle I don't see it taking as long as 6 months for approval. Easy to lose sight of the goal when traders are depressing the price short term, you may not have added more but I know plenty that have been.

[mike2909] 19/8/2019 18:57

No figures in the JDA Rns, but the markets know subscription can only be valued after tariffs are known and agreed. The back costs require auditing, although hanno mentioned a figure in his last podcast/interview. I personally think it does matter whether the JDA was now binding. I can’t speak for any other investor or potential investor but I would definitely have increased my holding significantly if there were no get outs at this stage.

[cl0ckw0rk0range] 19/8/2019 18:46

Or perhaps there were more tangible figures expected pertaining to the JDA in the RNS which were not given at this stage ahead of the tariff finalisation. Either way it doesn't really matter for investors and has just provided an apportioning to add.

[mike2909] 19/8/2019 18:11

Could the reason the share price has not met most peoples expectations on Jda be down to the actual wording of the JDA Rns,and how it differed to the previous updates put out this year. All the updates this year refer to a binding jDA, but the actual JDA does not have the word binding before it. There are get outs and at this stage,it is not binding no matter how you dress it up. I know the company is now saying that the JDA has to be completed to start the next process at the governments insistence and i understand that. Although the initial tariffs were submitted last year without a JDA. The market is fully aware of this hence why the share price is still at this low level.I honestly think this could be the reason and value will only accelerate when we reach the binding stage. I am not looking for an argument,but this is my opinion as to why we are at this price.

[cl0ckw0rk0range] 19/8/2019 16:30

Rather a facetious comment.

[cl0ckw0rk0range] 19/8/2019 16:29

That's the difference between trading and investing.

[yogaboy] 19/8/2019 16:28

It is strange mike2909, the much heralded JDA was supposed to be a major derisking event, but has done nothing at all for the share price In fact the buying opportunity seems to get bigger and bigger. I wonder just how big the buying opportunity could become ;)

[mike2909] 19/8/2019 15:25

Take it you’re buying them all up today then! This could be a good opportunity today, but then again it could be an even better opportunity in a few more days, who knows where the lows will be until news. I topped up at 6.79p thinking that was my opportunity, now not far off a penny less damn! I want to buy some more, but for now i am prepared to wait to see if it goes any lower, which it looks like it could. Even mr fletcher must be dismayed at this price. I really thought all his buys might support the price more than this.

[cl0ckw0rk0range] 19/8/2019 14:26

Disappointing dismal etc etc but of course nobody sees this price as an opportunity funny that.

[yogaboy] 19/8/2019 14:21

Bloody hell sub 6p.

Could anyone, looking at the 2-year chart, seriously pin the tail on the "major derisking event" without something approaching a belly laugh?

Christ on a bike this is disappointing.