Ncondezi Energy Share Discussion Threads

[123js] 26/5/2017 07:45

Well...there you go...long road back from here...if such a road even exists!!

[cl0ckw0rk0range] 18/5/2017 15:02

Not sure what that says about you Dean..

[deanroberthunt] 18/5/2017 14:12

is the Viagra kicking in !

[cl0ckw0rk0range] 17/5/2017 08:54

I'm having deja vu. Or someone has an agenda."What has "mozambiques debt problem" got anything to do with this? The Chinese are sourcing the debt, not Moz. China and Moz have a good relationship and likely, imo is due to a strategic position from China to benefit from the resource rich country. China are already active in this area. You have provided no evidence that the rolled loan is an issue. It hasn't been in the past. They need money for working capital of 300k to cover corporation costs. I'm not really sure what your point is"

[cl0ckw0rk0range] 17/5/2017 08:51

It's and buts with a little bit of scaremongering thrown in for good measure?Watch: #China pledges $124 billion for new Silk Road as champion of globalization ow.ly/gLV830bMuKjBe a good time for Wang to announce something directly related to this eh?AFC 22% shareholder....

[katylied] 17/5/2017 07:45

Once again I pose the question... Have they found an auditor yet prepared to sign the accounts off as a 'going concern'? peanuts (cash) on the balance sheet and substantial debt falling due near term, doesn't look credible. If the listing gets suspended, I don't see them coming back...

IMF calls for disclosure of conclusions of report on Mozambique’s debt...



Mozambique President calls for resumption of international aid...

[123js] 17/5/2017 07:37

Need to be careful of the ask here...$300k covers corporate costs - though they'd be bonkers to only raise the bare minimum + $4m for debt refi + $3m 'jv advance' to actually get the project moving.Now, the debt may roll over, but bound to be an extra sting in the tail, and potentially SEP will look for a kicker, so still there still seems to be a fair amount of haggling to be done...

[novicetrade68] 16/5/2017 22:35

Yes, in that respect it will be really interesting what will now transpire. You would think given that the company announced SEP could invest $3m plus the fact China itself reiterated this weekend their commitment to the One Road, One Belt initiative hopefully not much has changed from their perspective. But it would be very nice to see this all confirmed of course!

[m1sak] 16/5/2017 21:38

My guess is that they are in Shanghai now and we will hear something towards end of next week.
Which way will it go though?
Do SEP want out? Do NCCL want out?
The whole purpose of investing in NCCL was to get a foothold in East Africa. Moz was the most attractive and the project they wanted to get involved in was ours.
Is anyone due any compensation if the other side call time on the deal, is there a notice period?
Plenty of What If`s?
Will it be the end of the world? Probably not, I would imagine they have a back up plan. Is anybody else now interested? Maybe. There are the Indians (Adani) who would want that volume of coal to export back home and were rumoured to be interested back in 2013. They may be interest now that the rail lines to port are up and running and capacity being added.
There may also be interest from Taiwan, South Korea and Europe.
So can SEP afford to walk away?
Will the new combined might of AFC/Harith push us through?

[cl0ckw0rk0range] 16/5/2017 20:32

They only need 300K. SEP could add that in with the 3m towards back costs.

[novicetrade68] 16/5/2017 19:19

There does seem to be some buying around this level. In a way, I can't imagine they're going to do a bucketshop placing to get going as AFC/Kulczyk & Haworth would only dilute themselves, but am not entirely sure what sort of rabbit they're going to pull.

[novicetrade68] 16/5/2017 19:12

Well, should be hearing something this month at any time now to see how things will move forward.

[123js] 16/5/2017 13:01

Her chart conicided with a nice rise in MTFB today......something more drastic/magical needed here I fear!

[123js] 12/5/2017 12:01

I'm waiting to see the next Duke chart update on Vox...

[m1sak] 11/5/2017 21:11

I have also been toying with the idea that SEP may not sign or back out.

Anyone think that having the backing of AFC/Harith as partners, we could go it alone?

Afetr all, the combined value of AFC since their merger is £6 billion, we may not need to be beholden to SEP.

If I was in NCCL`s shoes, I would issue a deadline, take it or leave it and see what happens.

[novicetrade68] 11/5/2017 20:04

M1SAK, it's an interesting point you mention regarding coal in general and whether it could make a come back now with Trump in the White House.

If only coal would become a little bit loved again, just like ie lithium a few months back, then shares like NCCL, but also Kibo, EDL, ORCP etc will all be absolutely flying, because then all of a sudden coal in the ground becomes very valuable again.

NCCL was once valued £200m or so, 'just' on a 4Bt resource.

[m1sak] 11/5/2017 15:57

Exactly novicetrader, Once that is agreed that will take the uncertainty away.

Then we will raise money as I still think this is the most advanced project in Southern Africa. Trump`s administration is encouraging everyone to go back to coal and we will have investors queuing up in the summer to provide some finance for us.

I think we will be back at the years highs come the autumn, if SEP sign up for the JDA.
If they were not fully committed, they would have walked by now.
As for the share price being where it is, none of the big holders have sold,there is a lot of illiquidity, if that is the word, due to the fact there is never much stock around. It was only five weeks ago that every trade around 7p was negotiated trade only.

[cl0ckw0rk0range] 11/5/2017 15:51

Are you that surprised that a bearish biased article would gloss over certain quite key bullish points?To quote LSEThe only cash they need pre-funding/SEP advance is $300k. That's it. It's hardly a lot of money, and I fully expect it to be funded from further debt, one way or another. Either an extension to existing loans, or funded from new CLNs. The mention of September is not accidental, IMO, and I expect that the company has learned a lesson on expectation setting based on recent events, so I'd expect the SEP deal to be signed, sealed and sorted well in advance of September. $300k. That's all they need. With $60m on the line, I don't see any issue in finding that in the next 3 weeks. No issue at all.

[novicetrade68] 11/5/2017 15:04

Hm, no mention at all of the forthcoming $3m mini-JDA with SEP in the share price article, pretty sure once that gets sorted many will be all over this share again.

[deanroberthunt] 11/5/2017 14:02

everthing is relative.

[cl0ckw0rk0range] 11/5/2017 14:00

Dean you must lead a very sad existence.

[deanroberthunt] 11/5/2017 13:57

don't think they make bargepoles long enough for this one, would need to get a bespoke one made in China, funded by Africans

[123js] 11/5/2017 13:45

The question you need to ask is what's the value to those not holding a loan note or sitting around the insider table?In that case, like it or not, the market determines that!

[cl0ckw0rk0range] 11/5/2017 12:42

As I said I think the LTH and institutional investors who extended the loan are better placed to gauge what the company is worth don't you?Given AFC are heavily investing in African infrastructure and projects? Then holding 22% at c5p they must see value.