Ncondezi Energy Share Discussion Threads

[yasx] 14/11/2021 15:49

Mininglamp,

Your assessment is that a share has lost 90pc and must therefore rise. It is not great analysis, but, it is often the case that dud Co's do get a dead cat bounce. I do not rule out NCCL having a steep bounce for no good reason other than baseless ramping. Co's in a far more precarious state than NCCL have had staggering bounces having fallen 95pc and more.

But, in the end this looks destined for nil pence at some point.

[yasx] 14/11/2021 15:45

Silverspoon,

You write "there is no evidence to suggest NCCL's project is at risk".

Really? Is there any evidence to suggest it is proceeding?


Let us look at the facts. They submitted the tariff for approval a year ago - they have not even had any feedback, less still approval of it. Does this sound like a project that is going ahead with NCCL involved? Course not. GE pulled out of this market yet NCCL suggest that they have not heard from them and this therefore implies they are still involved. If they were, they would be communicating with NCCL - silence is not redolent of action.

Even as recently as a few months ago NCCL confirmed that despite submitting everything and engaging the chinese authorities, " we have had no formal communication from the Chinese Government since the announcement on 22 September 2021"

The reason they have had no communication is because they are not relevant to any project, even if one were to proceed. The market sees that too - hence why no serious punters are buying into the now evaporating thesis that this project with NCCL and Hanno is still on.

For those that state the Board members have a large shareholding, let us be clear - only one Director, (Fletcher) does. He did not understand the business proposition until recently, as was evident from his previous tweets before joining the Board when he used to think the historical costs would be returned to NCCL as a lump sum. Obviously, that was not the case and after a while o following his appointment to the Board, he cottoned on - hence why he was buying plenty at 6p but refrained from buying a meaningful amount at 1.5p. Says it all.

[silverspoon2009] 14/11/2021 13:54

It is clear coal/power will not be phased out in a hurry.




China and India are right to keep coal

[mininglamp] 14/11/2021 08:47

I took a position here last week, yes it is speculative, I am encouraged by the amount of bashing that is hitting the bulletin boards both on ADVFN and LSE, some of it is subtle but most is blatant.

There appears to be no substance behind the scare tactics, the shareholder register has some impressive names on it, including the African Finance Corporation, they have a near 14% stake, directors hold 21%.

From a technical perspective the shares are materially oversold, the RSI is in the low 20's.

This looks like a typical AIM turnaround play, I have witnessed many, have profited accordingly by buying the lows.

DYOR etc.

[silverspoon2009] 14/11/2021 06:50

It is perfectly clear that new pipeline 'clean' coal/power projects will proceed, there is no evidence to suggest NCCL's project is at risk, it will be interesting to hear what the company says this week during the AGM Q&A session.




Call to bring an end to coal power and fossil fuel subsidies has to be watered down A historic call to end coal power and fossil fuel subsidies was watered down at the last minute before the final deal at the Glasgow climate summit, after interventions by India and China.


An original call to “accelerate the phasing-out of coal and subsidies for fossil fuels” was changed to “phasing down” after India, a major coal power, objected to the wording, giving leeway for the country to continue using the fuel.

Earlier amendments had softened the language to “accelerating efforts” towards, and made changes to unabated coal and “inefficient” subsidies.

Unabated coal means power plants without technology attached that can capture the emissions and store them.

"Inefficient subsidies" are intended to mean direct tax breaks for the extraction of fossil fuels.

The direct mention of phasing out fossil fuels and coal was touted as a historic victory for an agreement at the end of the annual climate summit.

[danmart2] 13/11/2021 22:53

A well written response yasX

[danmart2] 13/11/2021 01:34

Yasx is correct, the board at NCCL have failed shareholders and look set to leave with the solar project when the loan defaults.

[yasx] 13/11/2021 00:23

Misterx,

Your incoherent waffle is noted.

I have no interest in Kibo. I accept it is a dud offering. But, my point remains - how is NCCL any different. Neither has delivered any value despite raising millions, and both are at multi year lows. Both are led by chaps that have spouted utter drivel for years with nil execution of pie in the sky plans.

NCCL has not been bashed down by me or anyone else for that matter. It has not been rendered unstable by mutterings on a bulletin board but by a failure of the Co. to meet any of the oft stated expectations. Do oyu think if they had delivered the coal project this would be sat at 1p even if posters were critical of the Co? No, course not. It sits at this level because the Board has failed to achieve anything meaningful - no tariff, no nothing. Just nebulous talk of sensitive negotiations and twaddle about long term coal needs and so on. Whatever the need for coal, NCCL is not part of it. Otherwise investors would be all over this at this m/c. Why is Hanno not buying any? Has he no money to spend on the multibagging opportunity of a lifetime? No, he sees it for what it is - the end of the road was near and suddenly, despite delivering nothing on the coal project he decided to use NCCL funds for the solar project, which will almost certainly be defaulted upon in due course. What was the need for that? He raised funds by issuing equity a year or so ago for that solar show and now those who funded it won't have any partof it. Is that fair?

As for this being a multibagger, Lurker has been telling us that since 10p - it has since lost about 90pc.

You opine that Lurker is Cornford. I could not possibly comment - all I can say is both spout utter drivel and have no understanding of project delivery/economics or market matters. Period.

[guitars4stars] 12/11/2021 23:36

True agenda driven bull sheet!Have a losing weekend ?

[m1sterx] 12/11/2021 22:15

KIBO cannot be compared to NCCL.

Listed around 2011 as a junior resource stock with only 50m shares in issue - it now has nearly 3 billion, anyone investing from early days would have lost 98% of their cash with no hope of ever recovering it, their 'business model' has been all over the place, it really is a lifestyle company as Lurker5 (Cornford) points out.

NCCL has a relatively low share count, 410m, with directors (unlike KIBO) holding 24%, the business model has been consistent plus they have a major (and significant) 13% investor in the Africa Finance Corporation (note the name Finance)

More recently NCCL directors have taken equity in lieu of salary, not the action one would expect if they were going to drive the company onto the rocks !

There is every possibility NCCL investors can recover losses.

NCCL has been bashed down by yasX who is only here to pursue a personal grudge against Cornford - ably 'assisted' by a sidekick on LSE called StanAccy - the aim is to de-stabilise weak holders.

Ignore the noise, this will rise, it could multi-bag & most probably will - shortly !

[frankandbeans] 12/11/2021 21:39

Is someone actually promoting anOther C2P stock on this thread, and lo and behold it’s KIBO. Boy anyone that had shorted that would be laughing, shame about those that were long.

Ouch!

[frankandbeans] 12/11/2021 21:37

Oh so you just answer posts selectively then, missed this one?

“So is it Hanno, Scott, or Lurker that you have such a hard on for?”

Best.

[yasx] 12/11/2021 20:20

I noted the post below by a StanAccy on an alternative forum:

" The issue with NCCL is not the geo politics ; the issue is the board of directors.
This has arguable become a lifestyle company and is being run into the ground with the solar project reserved for the BOD as the loan default gets nearer."

I think that sort of sums up how I see it.

[yasx] 12/11/2021 20:18

Guitar,

Even the waffle and bluster has ceased - the old 'sensitive' negotiations guff is fooling nobody, nor is the we have not heard back from the chinese or GE so that suggests they are still proceeding nonsense.

The last raise of 600k was apparently not for the solar side - so how is it being utilised for the coal project? For what? Alleged sensitive discussions that reveal no feedback, no nothing?

[yasx] 12/11/2021 20:15

misterx,

You say I have it in for Cornford - but, all I have done is highlighted his woeful calls on this stock. Facts are just that - facts. That you don't like facts is not important.


A brief review of your recent posts revealed this one on KIBO (how coincidental!):

"m1sterx - 03 Nov 2021 - 09:14:55 - 6371 of 6398 KIBO proper research thread -
How much money has this outfit raised since it listed in 2010, must be £40m, current m/cap £4.5m !Great shareholder value."


Now, since that is how you like to assess matters, perhaps you might apply the same metric to NCCL. Great shareholder value!

Hope that helps.

[m1sterx] 12/11/2021 19:24

Lot's of bashing going on here lead by yasX who has it in for Cornford, uses this thread as an avenue for his personal agenda.

Will soon be time for a turnaround in the share price, just wait and see, ALL AIM stocks have wild gyrations - NCCL AGM next week.

[yasx] 12/11/2021 19:08

The solar business will likely be taken from shareholders by way of a default on the loan provided by the Board members.

[frankandbeans] 12/11/2021 16:35

Doesn’t look like coal to power is flavour of the month, but saying that at least they have the solar to fall back on…

[guitars4stars] 12/11/2021 15:15

Oh dear.... Super lows here that are hard to swallow I would imagine.

[garykc] 12/11/2021 14:36

Probably got his nose stuck in the trough with the others.

[yasx] 12/11/2021 14:29

That is something you need to ask SF.