Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 21/7/2017 09:09

"Daddy" I know exactly what you are doing on this board with your ever so subtle negative perspective, but as you are not invested it shouldn't trouble or concern you. Perhaps you should be more concerned about the issues a little more closer to home for you over in KIBO mining.

[daddy warbucks] 21/7/2017 08:57

If you want to see it that way and disregard any potential risk that the major shareholders 'could' monetise the loan through taking millions of shares in the company at a knockdown price, effectively forcing small shareholders to sell to the majority holders, then it is your money and you can do what you want with it. Again I don't bear any malice to you and hope it comes good for you. I am merely having a discussion on a bulletin board on a share I have become interested in as it has similarities to a share I own. I wish you good fortune.

[cl0ckw0rk0range] 21/7/2017 07:50

Oh that's a good one, but I think you tried that line months ago."LOL"Advantage of having a board and II who have a large stake is that they are able to renegotiate the financing and if necessary stump up cash for more case in point Michael Howarth contributed significantly to last extension.Troll along now.

[turbotrader2] 20/7/2017 23:47

It's bustPure and simple

[daddy warbucks] 20/7/2017 23:29

You should get updates, but no guarantee about any possible slippage in the timelines. (See Kibo as a good example).I hope everything works out well for you and all the other holders here, but until the finances are sorted, I am staying on the sidelines.NCCL have a lot of coal, which has a value, especially to someone who wants to build a power station next to it. I just hope the small shareholders are not squeezed out by the larger ones who already have a grip on the assets, by way of them potentially being used as collateral against the loans.In any case, good luck.

[cl0ckw0rk0range] 20/7/2017 22:24

Before Q4 2017 we should get project update (August) financing update (Sept) binding offers due by end Q3 (end of Sept) financial close Q4 (end of Dec).

[dudleym1975] 20/7/2017 12:34

Clockwork just buy more in it

[daddy warbucks] 20/7/2017 09:14

An early resolution of the financial position would certainly help.

[daddy warbucks] 20/7/2017 08:51

I think some people bought in on the prospect of today's update, hence the rise in the share price over recent times. Some appear to have taken their profits and sold on the 'news'.I think once the funding has been renegotiated and there is a bit more certainty, there may be an opportunity to buy back in from the first week of September until the JV news is hopefully announced.Until then, I think the share price will drift down again. This is not advice. Do your own research and good luck. We are all trying to make money in these markets.

[katylied] 20/7/2017 08:47

IMF Staff Concludes Visit to Mozambique - July 19, 2017

[katylied] 20/7/2017 08:41

NAV_Mike - Apparantly the BoD didn`t realise that when the
loan deadline was reset to the start of September. Maybe
they need your expertise to actually get a grip?...

[cl0ckw0rk0range] 20/7/2017 08:37

Letters of interest received from several leading international power companies and update in August - cue trolls."LOL"

[nav_mike] 20/7/2017 08:37

.....and exactly how quickly would you expect potential Jv partners to be able to do all their due diligence on a project like this?

They arent just going to accept the SEP plan/financials assuming its available to them

I dont think end September is unrealistic for binding bids....though of course I do agree managements track record on deadlines aint great :)

[katylied] 20/7/2017 08:28

As ever, BoD kicks can down the road yet again...

[dudleym1975] 20/7/2017 08:24

Just where nccl belongs in the red. A dead project which is now stringing investors along

[daddy warbucks] 20/7/2017 07:53

I accept what you say about Kibo. Very frustrating to say the least, which is why I hope you are more successful, but is also why I show some caution.We can get wrapped up in our investments and see what we want to see, very easily.Have a good day.

[cl0ckw0rk0range] 20/7/2017 07:48

"Daddy" they are ahead of schedule with regards to the partner search and I would not throw stones in glass house regarding "slippage" when you'r very own AIM darling is still pending approvals. Off you go now back to you'r KIBO boiler room.

[daddy warbucks] 20/7/2017 07:41

Love your optimism, when you consider all their timelines have slipped from the previous RNS.Will the extensions to the loans come at a price? Didn't an extension some time back result in a large percentage rise in the interest to be paid?Hopefully all will turn out O.K. for you, Clock.!

[bean02] 20/7/2017 07:35

Big day likely today. Excellent news and speedy process underway

[cl0ckw0rk0range] 20/7/2017 07:13

Great update RNS. Very positive for project moving ahead.In June 2017, Ncondezi launched a new strategic partner process to identify a potential partner to develop the 300MW thermal coal power project (the "Project") jointly with the Company. Although the process is still at an early stage, the Company has been encouraged by the quality of the participating parties, which represent a combination of leading international power companies and regional power developers.

[novicetrade68] 18/7/2017 18:23

All these 1 trades over the past few weeks are really strange. I do not necessarily believe a '1' trade means a RNS tomorrow, just odd why anyone would want to buy 1 share plus dealing charges. Unless it's for an AGM attendance, that's the only alternative thing I can think of.

[cl0ckw0rk0range] 03/7/2017 22:21

Despite potentially explosive details contained in an audit report on the $500-million (R6.5-billion) missing from Mozambique's $2-billion loan – which was extended to three state-owned companies – Africa's largest natural gas producer is still seen as a foreign investors' paradise.The prospect of foreign investors pulling the plug on Maputo is unlikely, although an audit report by Kroll has raised the red flag over $500-million that cannot be accounted for, $713-million diverted through the overpricing of goods and $200-million paid in commissions to international banks.Now it appears that the debt crisis is at risk of being overshadowed by the promise of lucrative returns, which Mozambique has the potential to deliver to foreign investors. No action on the audit report has been taken by authorities.Mozambique President Filipe Nyusi boasted in June to foreign investors at a US roadshow that "Mozambique is back and foreign investment is safe".In the past four years the country has been a hot pot of civil unrest and natural disasters.The pain also extended to the economy: an average growth of 8% in the past decade slumped to 2.8%last year, when the metical fell sharply against the dollar.International goodwill nose-dived and a $286-million aid programme from the IMF was cut in April, after the extent of Maputo's debt crisis began to emerge.But Adrian Frey, president of the Mozambican-Swiss chamber of commerce, said this week it was necessary to take a long-term view."Over the past 20 years Mozambique has done extremely well. It moved successfully from war to peace, opened up the markets for privatisations and investments, has done legal reforms and is democratic," he said. "The debt crisis is a step back, but this is after many good steps forward ... This will force us to more transparency."Italy's Eni and the US's Anadarko own an $8-billion Coral South liquefied natural gas project in the Rovuma Basin, expected to have an annual output of 3.4million tons once it comes online in 2022.Joseph Hanlon, visiting fellow at the London School of Economics, said investments into Mozambique were mostly gas related, and isolated from the rest of the economy."Gas and oil companies do not pay attention to political shenanigans. Also, it will be their money – royalties and profits – that will eventually pay off the debt, so they will feel safe from being disrupted," he said.Asked about the audit report's impact, he said the damage to the country's reputation was likely to be minimal."The reputations of Credit Suisse and perhaps Privinvest are more at risk. It will take a year or more to sort out the debt renegotiation and to delay repayment until there is gas revenue. After that Mozambique should have no problem borrowing against future gas revenues," he said.Swiss bank Credit Suisse and Russia's VTB Capital provided loans of $850-million to state company Ematum.Anne Frühauf, senior vice-president for Southern Africa at advisory firm Teneo Intelligence, said that politically there had been strong reluctance to hold the key players in the scandal to account. "The audit should provide the basis for prosecutions by the Mozambique attorney-general's office. I expect this will be a very slow and incomplete process."All eyes will be on the IMF this month, when it visits Mozambique to discuss the report's results with authorities. How much pressure the IMF brings to bear on Maputo will be closely watched.

[cl0ckw0rk0range] 02/7/2017 10:51

M1SAKPower line to connect #Mozambique to Malawi – Macauhubhttps://macauhub.com.mo/2017/06/28/pt-linha-de-transporte-de-energia-electrica-liga-mocambique-ao-malaui/Funny how this new power connection runs transmission from Tete... guessing you know where the NCCL plant is proposed...