Ncondezi Energy Share Discussion Threads

[bobaxe1] 26/9/2022 13:16

Yep not long now

[nav_mike] 16/9/2022 07:50

Jeez wept - most investors have known the coal project is on 'perma-hold' for ages, thats why the price is where it is

Solar appears to be the way forward so thats where the focus

Yes it sucks balls to have wasted all that time, but coal doesnt seem popular in Moz currenyly, They do however still have the need for a sh*t ton of electricity

[danmart2] 16/9/2022 07:49

The coal development hasn’t moved for years, but another solar project is a relatively easy way of keeping NCCL ticking over.

This news will keep the share price around 1p which should enable them to get away a big funding raise for another solar project.

The $64,000 question is - will this new solar project also end up being sold off to a director?

We will find out in the coming months and years, sit back and get the popcorn out.

[frankandbeans] 16/9/2022 07:44

Oh dear

“We continue to await clarity on whether financing will be possible from China for the Ncondezi Coal Power Project. With no firm timeline for when this will be received, the Board is reviewing the optimal strategy going forwards to ensure the Company's funds are spent in the most productive way to unlock value for all stakeholders.”

That doesn’t sound very positive at all.

[danmart2] 16/9/2022 07:33

This is my favourite part of the RNS

We continue to await clarity on whether financing will be possible from China for the Ncondezi Coal Power Project. With no firm timeline for when this will be received

😂😂😂😂

How much longer can they keep this carrot dangling ?
How many years has it been?

At least they are no longer pretending they are speaking with the Chinese company!

[danmart2] 16/9/2022 07:29

The convertible loan key details
😂😂😂😂8514;😂ԅ14;

They are ensuring they can get every last penny they can before the tap runs dry

12% interest and shares issued at a 25% discount
It’s a win win