Ncondezi Energy Share Discussion Threads

[guitars4stars] 23/11/2020 01:23

Show caution guys, the devoid of emotion yet very flighty 6.7 & very spiked ramper Clockworkorange is trying to reel fish here... look backwards and ponder his posts...By contrast he flipps his hat over on our Kibo Energy forum where he becomes an equally obsessive nut case deramper... take a look it's right good fun! Cheers Dave

[cl0ckw0rk0range] 22/11/2020 11:48

Dave, you are a very ill informed and foolish fellow indeed, though any idiot can see that comparing NCCL to KIBO is apples and pears, and again, I do hold stock in KIBO so please stop lying, though I don't hold much hope for this as you seem to have *issues* with being forthright and transparent.

[cl0ckw0rk0range] 19/11/2020 08:27

Full of praise as ever John, so how would you have done it? Actually don't bother, because you aren't on the board making the decisions are you?

[soultrading] 19/11/2020 08:00

moving into the 5s today!!

[dozyduck] 18/11/2020 12:57

Not exactly a deft way for SF to have acquired his stake!

[johny cash] 18/11/2020 10:18

Tell you what, SF is confident.

[cl0ckw0rk0range] 18/11/2020 08:11

Talk about a squeeze

[extrader] 18/11/2020 07:47

Hi all,

Man on a mission...

.."18 November 2020: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces that it has been notified that on 17 November 2020, Scott Fletcher, Non-Executive Director, purchased an aggregate of 1,615,000 ordinary shares of no par value ("Ordinary Shares").

Following this transaction, Scott Fletcher's beneficial interest in Ordinary Shares in the Company increased to 60,728,197 Ordinary Shares, representing 17.37 per cent. of the Company's issued share capital..."

ATB

[cl0ckw0rk0range] 17/11/2020 15:12

That would be 10p

[davidlloyd] 17/11/2020 14:01

I hope you managed to take suitable advantage ;-)
DL

[extrader] 17/11/2020 13:55

Hi DavidLoyd,

Yes. First time I've seen a 'voluntary short squeeze'...;->

ATB

[davidlloyd] 17/11/2020 13:45

Hindsight is a wonderful thing- I really should have topped here on that RNS- there was clearly only one direction this was going to go with SF needing to buy in open market......
Hey ho,
DL

[extrader] 17/11/2020 13:35

Hi all,

Interesting to see that this morning's RNS is already reflected in NCCL's website list of major shareholders...

That's a first for any AIM share I've followed.

So we can track progress almost in real time.
I wonder whose bright idea that was ?

ATB

[cl0ckw0rk0range] 16/11/2020 14:40

Go on then John what's your valuation? You claim that cannacords valuation of c13p is incorrect. I mean you have the back costs that are to be reimbursed at financial close, along with the developers premium and the subscription fee from CMEC as was explained by Hanno in a recent interview, so how about you put a price on this rather than just pointing out why you believe anyone else who is doing so is wrong.

[dozyduck] 16/11/2020 13:08

THis emphasises that Hanno has never divulged any info to separately value the coal mine (which is much larger than needed for the initial power plant) - it was originally to be separate from the power co. But since the revamp and change to CMEC 3-4 years ago is now (or part of it) to be 'integrated' with the power 'project' (if not the power 'co' which might be different.). The 'nominal' value of the power co's shares is of course meaningless and it is certainly much bigger (if only because NCCL's 'past spending' has been hinted (from other info)in the past is well over £25m. All in all investors have practically no info now to value the project, let alone their shares. (The Cannacord report wasn't much help). Whether SF realises that I can't know. If he does he should push Hanno to put more info out even before any tariff or EPC contract or financial close.

[cl0ckw0rk0range] 16/11/2020 12:24

Those 250k buys keep coming...

[extrader] 16/11/2020 12:03

Hi Dsaurez,

Good spot !

So 5 days VWAP 8p is the trigger for exercise @ 6p...

ATB

[cl0ckw0rk0range] 16/11/2020 11:31

Every warrant that's excised is cash in the bank for the company so it's win win. Obviously anyone that's inside won't be able to trade their stock whilst inside.

[dsaurez] 16/11/2020 11:10

As part of the Fundraise, for each new Ordinary Share subscribed for the placee will have a non-transferable warrant to subscribe for an Ordinary Share with an exercise period of two years and exercisable at a price of 6 pence per new Ordinary Share. A total of 21,666,666 warrants will be issued (the "Fundraise Warrants"). The Fundarise Warrants will not be listed. In the event that the Company's Ordinary Shares trade at a volume weighted average price at or above 8 pence per share for a period of five consecutive trading days the Company will have the option to call on the holders of the Fundraise Warrants to exercise their warrants.

[extrader] 16/11/2020 11:07

Answering myself, from p3 last AR, these seem to be the most potentially impactful :

."On 15 May 2020, the Company raised a total of £650,000 before expenses, through a placing of 21,666,666 ordinary shares in the Company at a price of 3 pence per Ordinary Share (“Placing Price”) together with 1 warrant to subscribe for an Ordinary Share at 6 pence per new Ordinary Share ....

and currently in the money :

In addition the Senior Management Team and certain consultants to the Company have agreed to defer 30% of salaries and fees until 30 November 2020. In principle agreement has been reached to subscribe for shares at the Placing Price in
relation to salaries and fees that have been agreed to be deferred. Such subscription, if implemented, would be made in December 2020 and represent a potential total of 1,603,800 new Ordinary Shares at the Placing Price [3p] for a further £48,114...."

I don't know who the warrantholders are and whether there are limited windows to exercise once 'in the money'.
Any ideas ?

ATB

[cl0ckw0rk0range] 16/11/2020 10:47

Yes that would follow, if that's the case it's a little short sighted of sellers here with those option precedents in place.

[extrader] 16/11/2020 10:28

Hi all,

From G_G_G elsewhere :

.."I think we may have SF pushing up the share price here. This could run to 6p very easily on the volume he needs to absorb to pick up his 3p options. This would bring his average for the circa 8m shares he needs to buy to qualify down significantly. And then he gets to exercise the 5p options when share price hits 7.5p. All in all he could pick up an extra few % of the company for an average of circa 5p..."

At some point, other warrants become exerciseable, too...

Great Scott !

ATB

[cl0ckw0rk0range] 16/11/2020 10:18

I think it's quite possible CMEC will buy a larger % or the project if not the project entirely.Large buyer hoovering up all the stock I wonder who that might be..

[bean02] 16/11/2020 10:09

Can't buy a bean yet :)