Ncondezi Energy Share Discussion Threads

[the_sage1] 17/11/2021 23:13

Good to hear the solar project will remain with Ncondezi and not taken by the loan providers as implied by the bashers. It was never likely in any-case but the bashers have played on this aspect for weeks trying to scare weak holders into selling.

In respect of the coal/power project, the bashers suggest Ncondezi management said nothing new during the Q&A session, well what did they expect, every man and his dog knows they are unable to release new or price sensitive information on such a call, the company said they would give a comprehensive update by year end.

Let's be clear daddy bear has a grudge against Cornford and his associate bears work the BB's to propel the negative stance.

The bashers have been proved wrong over the solar power project and will most likely be proved wrong over the coal/power project.

If Lurker5 (Cornford) had not been posting here then this thread would not have the misery of yasX and his linked cronies, the issue is a personal one, not Ncondezi related.

[garykc] 17/11/2021 14:36

Must be positive news with all the massive buying volume. Not.

[yasx] 17/11/2021 14:05

I did not tune in since I had to take a more important call, but a reliable chap did and provided me a precis.

In short, on the coal project, continuing to kick the can down the road as I had anticipated. Apparently after all these years it still remains a case of patience. The theme was, wait for it, no news is good news!! Chuckle chuckle. Sensitive discussions and the rest. This all emanates from a need over the past couple of years to keep under the radar due to global perception of coal - yet, that did not stop Hanno from making the confident call a year ago that the tariff would be completed by Q1 this year, so make of it what you will. It seems to me that the Co. is essentially keeping the hope going but Hanno suggesting matters are out of his hands and it is all down to the respective Govt's who will dictate what, if anything, happens. I can see them coming back eventually and declaring the Chinese Govt pulled financing for it and it is not the fault of NCCL and was always a binary bet etc. But, for now, they have some (though not many as evidenced by the muted reaction) clinging on to a desperately hopeless situation.

On the solar side, slightly better news - it looks like the loan will be refinanced shortly so that is still in play for now - will have to see terms etc once the announcement is formally made.

[mininglamp] 17/11/2021 13:45

Just come off the Q&A session which was very well attended and all questions were answered.

In respect of the blatant bashing and scare stories, those suggesting the solar project is about to be taken from Ncondezi shareholders are about to have a rude awakening imminently.

The coal/power project, progress is being made & all will be revealed in due course, delays due to COP but expect a material update by year end.

The BOD has also confirmed that further placings are most unlikely, they described
the last one as difficult to stomach, clearly they are working on a number of
initiatives re non dilutive funding, Scott Fletcher the largest shareholder
was present and backed up same.

[extrader] 17/11/2021 13:45

Here's what Elizabeth from Pimlico has to say about the AGM/Q and A :

.."We didn't record the Q&A however in summary the Company continues to progress the Project. It has been a bit slower due to COP26 and all parties waiting to see what the outcome would be. The news that it was agreed that coal would be phased down rather than stopping altogether is positive. Hopefully there will be a further update before year end with more detail..."

HTH

[danmart2] 17/11/2021 13:07

MiningLamp thank you for brightening up my day, I need a good laugh.

[frankandbeans] 17/11/2021 08:58

So follow the advice of what someone has tweeted? That likely has a vested interest?

Nah it’s fooooooked.

[mininglamp] 17/11/2021 08:26

There is no substance in the scare tactics that are prevailing on this bulletin board, it seems to me entities are trying to protect a short position in the stock, before the same entities get on their high horse and try to lecture on the topic it is well known that market makers (and their associates) can naked short a stock legally.

Looking across the junior space it is clearly evident shorting minnows like NCCL over the last 6 months has been exceptionally profitable.

See this coverage from a Twitter poster



To make money on minnows entry point timing is crucial, I added a few more NCCL yesterday as I believe the fall is well overdone and operationally very little has changed over the last 6 months.

Risk/reward favours the bulls at current levels IMO.

[danmart2] 17/11/2021 08:01

Ultimately the solar business does not belong to NCCL , it belongs to the BOD who will be the only owners of the solar venture by mid December.

Have a good day.

[the_sage1] 17/11/2021 07:59

AGM today, I received a speedy reply to my request to view online, let's see what is said.

It is interesting that the African Finance Corporation have historically assisted NCCL financially and also hold a 14% in the company.

I fully believe all will work out well, the solar business looks a winner and contrary to what the bashers suggest it is in no-ones interest for the business to be taken from Ncondezi, the company has proven ability to secure non equity related funding historically, no reason why this cannot happen again, if so it will be happy days for the share price.

[rediffusion] 16/11/2021 18:15

A combination of Mozambique's medieval approach to energy (or perhaps it's hunger for brown envelopes) combined with the COP malaise on coal spells short term disaster for Tete. NCCL's near term future rests on its solar venture yet that looks in the balance. Like Yas I feel there could be a spike on a loan deal, but it's far too binary for me when the board has so much to gain from a default.

[danmart2] 16/11/2021 17:33

You can’t log in and follow the AGM which will take place in a country outside of the registered company’s HQ ?
Isn’t that contrary to the AGM rules?

[yasx] 16/11/2021 14:21

You can't log in to the AGM -but you can participate by listening to the Q&A.

[danmart2] 16/11/2021 14:19

I hope all shareholders have requested there AGM access? If you can’t get to the Middle East you can log in and watch.

[frankandbeans] 16/11/2021 13:51

To be fair Yas you have cherry picked whom you respond to, and posters don’t have a set time limit within which they should reply to you do they? Relax you will live longer.

This like KIBO and other similar coal to power projects are in the same boat, as for steering on course it certainly looks like rocks are well and truly “in the keel”.

An oubliette at best.

[yasx] 16/11/2021 13:18

I note that faced with the questions I raised, all the bulls have disappeared - it just shows they hang on to nothing more than hope without any substance at all.

[guitars4stars] 15/11/2021 22:34

The sage:This positive tweet on NCCL has just been re-tweeted by The Daily Trade on Twitter - over 100,000 followers !At the time of writing sage it had 3 only likes presumably 1 one was yours...Oh very dear...Desperation not .... Eh hem!

[yasx] 15/11/2021 20:46

Sage,

I have forgotten more than you will ever know.

You have made no useful contribution to NCCL. All you have been regurgitating the past few days is that this share (and others) are subject to naked shorting (utter nonsense by the way since it is readily obvious you do not even understand the mechanics of naked shorting - ask me anything specific about that and I will explain it to you) and that it is a share that has lost so much it should rise.

Neither of these are useful statements, certainly not to be made more than once. They can apply to any bombed out share.

So, what is your bull case for NCCL founded upon (apart from it has fallen a lot so you pin your hopes on it rising as a result)?

[the_sage1] 15/11/2021 20:37

yasX seems to thrive on confrontation, looking at historic posts the entity offers nothing by way of share recommendation or anything meaningful to prospective investors in the markets.

The only comment worthy of note, given the bombed out share price, is yasX does not rule out a share price spike in NCCL.

[yasx] 15/11/2021 20:14

Fletcher put in plenty at over 6p from memory. but, at that point he clearly did not understand the investment proposition. More recently he has realised what this is all about - hence he made a very modest increase in his holding.

As to what the funds raised will be used for, I know they said it won't be solar, but I can't see any reason or basis for spending on the coal project. I do not think they are doing anything on that part of the business so have no idea why they would need cash for it - unless it is to pay that Synergy outfit (related party I might add).

[danmart2] 15/11/2021 19:44

The fact fletcher who appears to have plenty of cash reserve available to him has put in a mere £50k on the last raise should be the biggest red flag of all.

[yasx] 15/11/2021 19:09

In order to assist you, I provide you 'research/analysis' from Cornford's latest article on this Co. He suggested that prior to financial close the company’s latest projected economics suggest the $1.1bn capital cost would generate an approx average annual $175m EBITDA over 25 years, leaving a total of $1.9bn net cash to shareholders, of which NCCL’s agreed 42% share would be around $800M. He went on to indicate that in order to earn its $800m total NCCL would have to contribute $140m up front, and according to him it apparently has various ways of doing so, with the prospect of raising $100m through new equity.


Now, I did fall from my chair with laughter reading that - given the Co has struggled badly to raise 600k less fees to think they could raise 100M by issuing equity is palpably absurd. But, if the NCCL share of project really is worth approx $800M, and if it is a given this project will proceed with NCCL involved, then why on earth are investors not clambering aboard? Surely Hanno could find some money from behind his sofa to throw at it?

Oh dear.

[guitars4stars] 15/11/2021 19:03

Lurker5 I think you're probably a lovely fella in real life and although your post only containing the capital letter G - which did seem strange in isolation critiquing my own career abilities as such - was just possibly a stream of consciousness post & more about your fixation with - G Strings - so off topic & inappropriate really ahead of watershed in case younger although likely more experienced on point investors are reading :)