Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 24/1/2017 20:54

Such a sad life one must lead to spend it day in, day out abusing companies and posters. You do have to wonder what sort of person would do this, or indeed what their agenda is, but I digress.Best coal to power project on AIM.Tight free float means once JDA completed stock will be very hard to buy.News imminent. Expect buyout before FC. Backed by institutional investor AFC holding 22% of issued shares.Follow the money.

[lightmyarse] 24/1/2017 20:06

Dosh your another Wally Nccl has a long long way to go

[cl0ckw0rk0range] 24/1/2017 19:52

Tick tock nearly candy o'clock. Wangs warming up the ink on the customary deal signing candles.

[jamie414] 24/1/2017 17:47

Light, you are such a goon

[doshdabbler] 24/1/2017 17:28

Is that you JD? Almost there.

[cl0ckw0rk0range] 24/1/2017 17:18

Best coal to power play on AIM.Bring the candy.

[lightmyarse] 24/1/2017 16:37

Ouch down is it

[doshdabbler] 24/1/2017 15:54

Yes, not long now. Don't think we'll beat Chinese NY, but soon after is my hunch.

[cl0ckw0rk0range] 24/1/2017 15:17

Not long to wait and it's going to be impossible to build a decent position here when news lands be it this side or the other of CNY. Moz and China have plans to create an industrial zone in Tete, who wouldn't want to be in at the bottom? Suspect takeover way before financial close but at what multiple of the current price?Best coal to power project on AIM.

[nav_mike] 24/1/2017 09:57

Looks like sellers still getting twitchy when the price starts with a 7

God knows what will happen when the price suddenly moves to the £1+ level being touted on LSE

/sarcasm off

[cl0ckw0rk0range] 23/1/2017 21:18

Best coal to power play on AIM.

[novicetrade68] 23/1/2017 16:48

Wouldn't there be a 'C' then on the trade page or at least I can't see it.

[lightmyarse] 23/1/2017 16:36

That because it's prob a t trade

[novicetrade68] 23/1/2017 16:26

Nice little premium paid for a 200k buy it seems.

[cl0ckw0rk0range] 23/1/2017 14:22

Strange how some PI's see that the IBFS has been completed and think they're on the road to riches, without actually reading the content. From today's RNS - Total capital requirement for the integrated project reduced 21.1 % from the original integrated prefeasibility study ("IPFS") figure; And yet payback time has increased from 7.5-9 years to 11-12 years. So why is that ? Also - The MCPP can be constructed and commissioned within the previously projected schedule duration of 36 months. Funny how the rampers who thought the overall timeline was still intact for first power into the grid in Q1 2019, have all gone quiet. Assuming financial close can be completed by Q2, plant mobilisation during Q3 with construction commencing Q4, first power into the grid Q4 2020 at the earliest. More like Q1 2021. A full 2 years later than originally planned. Riches will have to be put on hold I'm afraid.

[mcfifi88] 23/1/2017 14:13

Really hope so KL. Being ramped to death over on LSE. Assuming they are getting all their ducks in a row then the rise is definitely warranted. If they don't get over the line by end of this quarter however, I fear we'll be back to square one or worse.

[katylied] 23/1/2017 14:06

Well for all long suffering holders' sake (especially those with Stockholm syndrome), I hope the BoD does not feel obliged to put out a 'no knowledge of why share price has risen' RNS, as they did once before (way back) and killed the share price dead. On the other hand, as they haven't so far put out any such disclaimer... maybe (fingers and everything else crossed), something is finally going to happen...

[novicetrade68] 23/1/2017 13:34

Looks like we could be off to a whole new range, it has been a while.

[cl0ckw0rk0range] 22/1/2017 11:03

https://qz.com/862789/mozambiques-hydropower-dam-supplies-south-africa-and-zimbabwe-may-soon-run-out-of-water/https://qz.com/862789/mozambiques-hydropower-dam-supplies-south-africa-and-zimbabwe-may-soon-run-out-of-water/Mozambique needs this power plant and SEP wants to expand their footprint in Africa, construction and management of this plant would achieve just that.

[cl0ckw0rk0range] 22/1/2017 11:02

https://www.bloomberg.com/news/articles/2016-12-20/mozambique-further-cuts-south-africa-power-supplies-after-faultMozambique Further Cuts South Africa Power Supplies After Hydroelectric generation Fault #NCCLMozambique needs reliable power which NCCL will provide through this power plant, both to the country itself and also feeding into the South Africa grid, via existing infrastructure already in place.

[cl0ckw0rk0range] 22/1/2017 10:59

#NCCL Ncondezi Energy last 5.4p, MktCap £12.8m$$50m spent on mine, $20m on power project so far.Chairman Michael Haworth co-founded Greenstone Resources in 2013, a Resources focussed PE Fund, he was previously a MD at JP Morgan. He founded and subsequently listed Zanaga Iron Ore Company #ZIOC (where he is a NED) and Ncondezi where he owns 6.57%COO (ex Eskom) has managed 5 power station with >18,000MW total installed capacityAFC - Africa Finance Corporation owns 21.97%, (bought at 5.87p) has a NED (Aman Sachdeva) on board, AFC has c$2b AUM, strong on African power & infrastructure projects. AFC's shareholders include sovereign African governments and African banks, as well as private equity funds and other corporate investors. Mr Sachdeva is currently the founder and Chief Executive Officer of Synergy Consulting, an independent consulting practice with a focus on project finance, which has to date closed projects worth US$12 billion. Mr Sachdeva is also an advisor to the World Bank, Energy Sector for Central Asia, South Asia and Africa on a variety of projects. Kulczyk owns 11.63%, CEO & Chairman of Polish Polenergia Group has NED on board, big in infrastructure projects & One of the key experts supervising the liberalization of the Polish energy industry. The Chinese co-incidentally own c16% of PolenergiaNED Estevão Pale has more than 30 years' experience in the mining industry. He is currently the Chief Executive Officer of Companhia Mocambicana de Hidrocarbonetos, S.A., a Mozambican natural gas company. Between 1996 and 2005, he was the National Director of Mines in the Republic of Mozambique's Ministry of Mineral Resources and Energy, where he was responsible for the supervision and control of mineral activities as well as the formulation and implementation of the mining and geological policy.Most key insider shareholders own >40% of the company & were involved in the shareholder loanThe board are very anti-dilutive – hence loans v equity issuance – there is almost zero prospect of any equity dilution at presentThey have a JDA with SEP (since January 2016), it's expected to become unconditional soon. (SEP are a huge Chinese power development company, actively looking expand their overseas footprint). This will result in a payment to NCCL from SEP of approximately $60m being $25m on signing and $35m on financial close. The project is expected to be c$1b Capex worth, with SEP taking 60%, NCCL 40%Likely that Debt/Equity 70/30 with SEP providing ALL debt. Scope to upside if debt ratio movesCrudely & conservatively this results in EBITDA of >$100m per year for a 25 year projectFew out there truly understand the potential & prospects here – also obvious red flags from "AIM, Africa, China & Coal" in same sentenceBut NCCL is close to moving from more of a potential project to effectively a utility cash cow with SEP running the project. Increases prospects for institutional investors to get on board &/or PE or infrastructure players to take stakes or full ownership of the project – clearly a scenario where NCCL gets bought out & is no longer listed – either the current shareholder structure will ensure a solid bargaining positionCurrent project is for 300MW, but with modular development it could get to 1800MW, i.e 6x existing sizeTrue free float likely to be c30%