Ncondezi Energy Share Discussion Threads

[m1sak] 07/4/2017 09:47

This will be back on track after the financing is announced.

It is FC that is 15-18 months away, this will start to pick up in the second half of this year when the mining element and PR kicks in.

Kibo had a PR exercise at weekend and that is all that has happened over there. A few traders have jumped on board and it has been pumped by the resident happy club. They have still not announced any material news.

[kibes] 07/4/2017 08:30

This now looks very oversold in comparison to Kibo. Kibo currently enjoying a run up for no particular reason, perhaps the same will happen here next week. I hold shares in both.

[cl0ckw0rk0range] 07/4/2017 06:57

Tete and the infrastructure is being developed quickly. Let's not forget what this project is. It's due to a deal between Mozambique government and a subsidiary of a Chinese state owned co. The deal is still going ahead and Sep will invest another $3 mill as per RNS which should calm any nerves.

[euclid5] 06/4/2017 22:02

The Company has an existing $2.32m shareholder loan which is repayable at a 1.5x return before 10 May 2017, after which the loan becomes repayable at a 2.0x return.

The Company is engaging with the lenders under the shareholder loan and evaluating all options with respect to its repayment or refinancing and a further update will be provided before 10 May 2017.

Once it is signed and becomes effective, the Development Agreement will cover the bulk of Ncondezi's development costs over the next 12 months as well as some of SEP's costs. As a consequence, once the development funding is available, the Company's working capital requirement for costs not covered by the Development Agreement is expected to be reduced to approximately $300,000 per annum, to cover mainly corporate costs.



Negotiations are ongoing with a number of potential funding partners to cover these reduced working capital costs that will not be covered by the Development Agreement, including corporate costs (as detailed above) and additional mine development costs.

[cl0ckw0rk0range] 06/4/2017 18:55

The stock was very tightly held at 8p+ and any trade positive or negative at that point was exaggerated, AIM doesn't respond well to a delay and with the subsequent trolling from certain parties the price has dropped, its playing on investors nerves especially when they are underwater after a significant drop. Timescales have shifted but the end game result has not. DYOR but I have added at these levels for a medium to long term hold.

[kibes] 06/4/2017 17:05

deanroberthunt - None of the main punters have sold based on ADVFN trade information. The number of trades has been entirely trivial, just small punters who have no idea what is really happening.

[cl0ckw0rk0range] 06/4/2017 16:29

Matt why are you commenting on this board exactly? I know who you are sonicboomboy perhaps you should tend to your own flock rather than scaremongering on this board. Really quite pathetic of you, says a lot about the sort of person you are.

[novicetrade68] 06/4/2017 16:04

Looks to me as if we had someone who decided to bail big time this morning before 11am and moved money into Kibo, which started to rise further after 11am.

[cl0ckw0rk0range] 06/4/2017 15:18

Guys you realise there's only about 3 people that post here? But trying to scare investors that are currently underwater with tried and tested trite one liners really is pretty pathetic, you are obviously branching out from trolling the other stocks you post on having bored those boards rigid. But then when they retrace you seem to lose interest? Funny that.

[deanroberthunt] 06/4/2017 13:50

possibly, but there's always one last dead cat to allow the main punters to offload

[gazza102] 06/4/2017 13:46

Plenty more to go yet 0p. No money

[deanroberthunt] 06/4/2017 13:31

bounce due now well oversold

[deanroberthunt] 06/4/2017 12:11

2.5yrs worth of gains wiped out in 3 days

[deanroberthunt] 06/4/2017 12:09

Grim or what

[cl0ckw0rk0range] 05/4/2017 16:32

Well either NCCL covered costs with shareholder loan or diluted with share placings. Go figure.

[nick rubens] 05/4/2017 16:00

cheers kibes and others for the feedback.

I find it odd that this loan, with what looks like exuberant and punishing interest conditions is from an existing shareholder.

[cl0ckw0rk0range] 05/4/2017 13:06

@africa_finance Are a 22% institutional shareholder of #NCCL and with other LTH are behind shareholder loan, self dilution doesn't make any rational sense, loan extension until FC, potentially have percentage equity stake as have SEP in NEL.