Ncondezi Energy Share Discussion Threads

[soultrading] 28/6/2021 10:52

I get the frustration but I am not sure what good it does to come out with the same statements every time the price moves up or down a notch or there is a news on Solar. If you lose faith in a trade idea then surely just close the position.

[yasx] 26/6/2021 15:52

Beetroot,

I agree the project (at least with NCCL as a beneficiary) is, and likely always was, pie in the sky rhubarb. There is no prospect of it achieving anything and the historical costs (which is why I think SF bought in0 are in that context meaningless.

I took a punt on the long term chart only and it has doubled for me once, the second position displaying a marginal loss at this point - however, I am not sufficiently deluded to believe the jam tomorrow guff, when, as you point out, funds are clearly being utilised on sideshows. I wrote about this elsewhere some time ago.

The likes of SF and lurker were unreasonably bullish on this simply because they did not grasp why they were backing it - both got lured in by Hanno's guff. SF will likely recoup some or all of his investment in the manner I referred to earlier, whereas Lurker will lose out entirely since if there is a spike at some point (for so I assume) he, and the rest believing in Hanno, will hang on hoping for the distant dream. i certainly own't and will be long gone.

I ordinarily never invest based on the chart, and certainly not on the chart alone, and this particular case reaffirms to me why I place (in relative terms) little reliance on charts generally.

[soultrading] 25/6/2021 14:44

Extrader I agree that warrants could be a source of income but worth considering that the landscape dramatically changes on Tariff news. Which hopefully unlocks a stream of news, a rerate in price and potentially sale of part or all of project.

[soultrading] 25/6/2021 14:42

YasX you sure you think this is going up based on the long term chart - you sound like you are not convinced at all.

[yasx] 25/6/2021 11:57

The only way Scott will recoup his (failed) investment in NCCL is by application of extortionate rates to loans for some spurious battery Co. and/or through being a beneficiary of a remuneration package as Director of the Co.

Let us face the reality - the main project is dead in the water and this drivel about discussions are ongoing is merely kicking the can down the road to milk holders by enticing them with a bit of hope. It is now apparent there will be no project that benefits NCCL holders.

As for the side project, the terms/loans attached to that (read them chaps I do urge you) mean that even if that project were to succeed current holders will never benefit.

NCCL holders need to remove Hanno and bin the main project - the historical costs are worthless since none will be recovered and the in principle arrangement has not one scintilla of merit since the project will never go ahead at least not for NCCL. The Co. needs a new Board and to raise some funds for new ventures. That might result in a considerable dent to holders but a better project elsewhere has more potential than the current farce which frankly is worthless.

[extrader] 25/6/2021 10:58

Scott - or anyone else - buying shares doesn't address funding. Exercising his warrants or providing a (non extortionate) loan would.

[garykc] 25/6/2021 10:57

Nope. Will keep my 1m until i break even....................or beyond.

[soultrading] 25/6/2021 10:05

anyone here buy the 400k?

[soultrading] 25/6/2021 10:05

Scott is free to buy now I believe.

[garykc] 25/6/2021 09:34

And here comes the selling...........

[beetroot juice] 25/6/2021 09:10

Just re-checking the catalogue of previous Promises of Jam Tomorrow from NCCLs Directors, in their historical RNSes from 2013 onwards.

Virtually the same dross written then as now. IE SOON, progress will be made.

I am writing these off now as more AIM junk. Probably been a bed of lies from the get go, but of course un-checkable, seeing as NCCLs story, apparently, is occurring in a continent far away.. I note Pengilly has been mooching around bleeding salaries for himself from NCCL since 2010:)

It's his company it would seem, now filtering cash out from NCCLs meagre reserves, to his Brother or indeed himself via his brother.

Outcome?

Eventually, I guess NCCL will be a corpse and the Penguins family will run a lucrative battery powered business in Africa. All Legal but truthfully really very immoral.

I have NCCL down now as another AIM POS.

[garykc] 25/6/2021 08:21

Big fundraise coming in September. Nice to see other Directors in the business have massive holdings. NOT!!!!

[beetroot juice] 25/6/2021 07:54

Just more Waffle.. In a nutshell nothing changes.

Highlights.
1. NCCL is Broke.
2. Supposed Tariff agreement is Still dragging on, allowing can kicking for months and years longer.
3. Hanno loves his brothers battery business and NCCL will do all it can to feed it.

Other than that.. Nothing...

So looking like more dilution and down here in the 2p area for the next raise..

[garykc] 25/6/2021 07:46

RNS out. EOY results. Too many pages to trawl through.

[extrader] 24/6/2021 17:49

Behind FT paywall, but gist seems clear :

"Coal: fossil fuel is burning bright despite renewable energy drive
Blame China for breathing life into a moribund industry "
June 24, 2021

[extrader] 24/6/2021 17:49

Behind FT paywall, but gist seems clear :

"Coal: fossil fuel is burning bright despite renewable energy drive
Blame China for breathing life into a moribund industry "
June 24, 2021

[lurker5] 16/6/2021 15:11

Sorry - Orange squashed.

[garykc] 16/6/2021 14:51

That was supposed to be smiley faces

[lurker5] 16/6/2021 14:20

He is now orange squash.

[sandcrab2] 16/6/2021 13:29

What's happened to that Clockwork Orange fella who used to shout everyone down on here?

[soultrading] 16/6/2021 12:43

Certainly creeping higher, long way up to go though!

[garykc] 16/6/2021 12:34

Will feel even brighter this afternoon hopefully!!!!