Ncondezi Energy Share Discussion Threads

[katylied] 23/6/2017 08:12

Tried to get out on the spike, but couldn't get a quote.
Would the stale-bulls please form an orderly queue...

[daddy warbucks] 23/6/2017 08:12

Market manipulation at its best. lol!

[euclid5] 23/6/2017 07:43

"As previously announced, the Company's senior management deferred 50% of their salary between November 2016 and January 2017, and 100% of their salary since February 2017. The senior management team have agreed to convert their deferred salaries into the existing Shareholder Loan"

[cl0ckw0rk0range] 23/6/2017 07:41

· New partner search progressing as planned with update expected in July 2017.That should be a very interesting update indeed...

[nav_mike] 23/6/2017 07:23

Well there's some more funding to keep the lights on while they search for a SEP replacement

Good to see that 'proper' companies are taking an interest in the project....lets hope NCCL have learned their lesson, and will reject those who delay and prevaricate

[cl0ckw0rk0range] 23/6/2017 06:58

A little refresher perhaps..https://www.voxmarkets.co.uk/activity/71716?source=appHybridan posted a squawk about NCCL12:0930 MayNcondezi Energy: No longer just Shanghai or BustNcondezi Energy is focused on the phased development of its large scale, long life, integrated thermal coal mine and up to 1,800MW power plant project in Mozambique. Originally an export coking coal play, Ncondezi has invested significant resources in scoping the nearby 4.8bn tonne JORC compliant coal project. The mine is anticipated as being the sole supplier to the power plant. The shares are down nearly 80% over 3 months on the back of delays on closing a deal with Shanghai Electric Power (SEP). Nearly a year and a half after signing the Joint Development Agreement, Ncondezi last week announced that it had suspended exclusive discussions with SEP and will now engage with additional strategic partners who have expressed an unsolicited interest in developing the project alongside Ncondezi.• Time is of the essence for Ncondezi which has received indications of interest for an additional US$350k shareholder loan which would fund the company until 2 September. This has not as yet been finalised. Ncondezi is also actively engaging with Shareholder Loan holders to seek an acceptable funding solution ahead of loans expiring in September.• The project will require funding of circa $1bn to implement the 300MW plant and transmission line with optionality to increase capacity thereafter.• Sub Saharan Africa is woefully underpowered and the proposed site is ideally located to plug into the existing network with potential to extend supply into South Africa, Zimbabwe, Botswana, Namibia and Zambia.• This is a very advanced project and therefore has a good chance of securing high quality partners. The fact that the company has received unsolicited approaches is encouraging. A feasibility study and all technical documentation has been completed, a Power Purchase Agreement has been agreed in principle with a local utility, all relevant Social Impact and Environmental studies, land use rights and other permits are in place, the mine concession has been awarded and access to the power grid has been approved, indicating Government support.• The first 300MW stage of the power plant has been estimated to generate US$130m of EBITDA annually. Ncondezi's very existence hangs in the balance as reflected by the sub £5m market cap. Should it find a way through to financial close, even a 10% share in the project could be worth more than 10x this amount. We applaud management's decision to take back control of the project. Stimulating competition amongst potential partners may help to secure a favourable outcome for shareholders.

[bbr391] 22/6/2017 12:01

Could go either way .
Caution with optimism


Good luck All

[cl0ckw0rk0range] 20/6/2017 23:28

Madagascar..

[katylied] 20/6/2017 09:41

For all you 'Africa Independent Power Project' junkies...



Must say, I have doubts this project will ever happen. There are few places on earth more in the 'environmental spotlight' than the unique Madagascan biosphere...

[cl0ckw0rk0range] 19/6/2017 21:05

Minister calls for increased #power generation – AIM ow.ly/2YEy30cItUz#Mozambique #Electricity #SADC #Africa

[cl0ckw0rk0range] 17/6/2017 16:53

Mozambique sign $2bn infrastructure dealhttp://journalducameroun.com/en/mozambique-sign-2bn-infrastructure-deal/

[cl0ckw0rk0range] 17/6/2017 16:33

Interesting....http://www.hellenicshippingnews.com/coal-is-mozambiques-biggest-export-in-first-quarter/Guess who has a bucketload of coal!

[cl0ckw0rk0range] 16/6/2017 17:15

Patience as ever rewards

[novicetrade68] 16/6/2017 13:41

3.09p paid for 200k shares by the looks of it.

[cl0ckw0rk0range] 14/6/2017 17:15

Tick tock...

[cl0ckw0rk0range] 13/6/2017 20:07

Yes it's a tricky one but I think that the amount of skin the BOD have in the game here speaks volumes, just look at their CV for starters...

[bionictwat] 13/6/2017 19:50

Sep pulled outBod not willing to communicate effectively with shareholdersMozambique debt crisis could be a factorNccl running out of cash fastPlacing maybe to keep lights on and pay salaries

[novicetrade68] 13/6/2017 18:55

Wonder what tomorrow brings, today after 2pm MMs weren't making any shares available anymore and despite the bid dropping to 2.50p, they were still willing to pay 2.84p for 350k shares in one go towards the end, which is really odd as they haven't sold so many at all above this level especially taking into consideration they already took over 800k in sells around the 2.80p mark.

But as quite often with this share, the moment available shares dry up some punters make the mistake of thinking interest has vanished and start selling and make the MMs happy!

[bionictwat] 13/6/2017 12:47

Drip drip dripSep pulled outHigher loan chargesMozambique debt crisisBod non replying to shareholdersNccl no other projects Nccl cash running out very very quickly This all points to this share being suspended soonI can see itFor those who dnt want their money lost sell now and save some cash