Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 02/8/2017 15:19

#Electricity investments to satisfy internal and regional needs are underway in #Mozambique ow.ly/zk6Q30e6J3b #Power #SADChttp://clubofmozambique.com/news/electricity-investments-to-satisfy-internal-and-regional-needs-are-underway-in-mozambique/?platform=hootsuite

[cl0ckw0rk0range] 31/7/2017 19:27

#WorldBank announces $1.2 billion support to #Mozambique ow.ly/HCBN30dSdVj http://clubofmozambique.com/news/world-bank-announces-1-2-billion-support-to-mozambique/?platform=hootsuite

[katylied] 31/7/2017 18:53

2017/07/31 - Donor thumbs down on Kroll audit tightens the screws – By Joseph Hanlon

[novicetrade68] 27/7/2017 10:49

Just to clarify, the above was from Twitter, likely on the back of the 20th July RNS, so nothing new per se, WA may simply be solliciting for business.

[novicetrade68] 27/7/2017 01:38

WA Mining‏ @WA_Mining
#NCCL Ncondezi Energy – Wardell Armstrong International is pleased to see progress, we can provide the due diligence for interested parties
2:17 AM - 25 Jul 2017

[cl0ckw0rk0range] 24/7/2017 21:35

#WorldBank announces $1.2 billion support to #Mozambique ow.ly/HCBN30dSdVj #Economy #SADC #Africa

[123js] 21/7/2017 19:57

I'm a total swede when it comes to this one...

[cl0ckw0rk0range] 21/7/2017 16:35

So you are inferring that I am a "buffoon" a "trapped pumper and dumper" and that I "ramp incessantly". As a researched and long term holder here I can honestly say that you are way off base with your assumptions, but thanks all the same for the inference. Best.

[katylied] 21/7/2017 16:01

Hmmmm... someone`s ears were burning... :o)

[cl0ckw0rk0range] 21/7/2017 15:59

Who is the "thread buffoon" exactly? I am all for balanced discussion but it seems to me that certain individuals only appear on this board to post disparaging comments around the same time that the price has dropped.Coincidence much? Or just morbid curiosity? No need to answer, its rhetorical.

[katylied] 21/7/2017 15:48

Look up `metaphor` in an online dictionary... And yes, it is all
my fault. Without me, this company would be worth a fortune...

Incidently, I have made very few posts over the years. The
current thread buffoon ramps incessantly (my guess is
a trapped pumper&dumper), but thats OK right? As long
as posts sing the company/BoD`s praises, thats fine?...

[novicetrade68] 21/7/2017 15:38

I was about to say, I've never seen 'cheap as chips' and 'one day Rodney' even uttered on this thread once!

The only certain thing here is when there is a NCCL crash, there's always Katie to rub it in.

[cl0ckw0rk0range] 21/7/2017 15:31

"Those caught for a very long time, may develop investor Stockholm syndrome with all the nonsense of `cheap as chips`, `averaging down` and `one day Rodney..."I think you have the wrong board Katy though you will find that terminology used frequently on the KIBO LSE board I think you may find.

[katylied] 21/7/2017 15:05

3068 - "...AIM companies are for short term holdings..."

It has long been the case that traders (short term speculators) buy and sell AIM shares for capital gain. Sometimes (often?), it goes very wrong and they get caught by a falling share price (pumper&dumpers included). When that happens, some morph into `investors`. Those caught for a very long time, may develop investor Stockholm syndrome with all the nonsense of `cheap as chips`, `averaging down` and `one day Rodney...` This particular NCCL saga/debacle has been going on for years...

[daddy warbucks] 21/7/2017 12:40

I respect your defence of your company and hope you can understand my concerns. I try not to use one liners such as 'going bust' etc and try to explain my reasoning.I will gladly acknowledge any success you have and as I say it could be worth a punt if the finances are sorted. I can see on speculation this doubling as the J/v news approaches, but not just yet. Get past the 2nd September hurdle first.In any case good luck to you.In respect of my own AIM darling as you put it (and apologies to others for off topic), the saga about the issuance or non issuance of licences and certificates has certainly soured sentiment, even amongst long term holders like myself.I am coming to the conclusion that AIM companies are for short term holdings. If and I acknowledge again, if my company get their licences, I may sell all mine hopefully on a spike in the share price.

[m1sak] 21/7/2017 12:30

I cannot see any of the big holders here selling out or going for any form of dilution.
They have avoided it so far..
The project is still attractive and I dare say that any potential partner, if they are big household names, will probably pay the costs what SEP were supposed to pay.
The finance issues will be the priority to sort out and there are many types of finance available to us as we move towards a deal.
I cannot see AFC sitting idle in all of this and as they are now a stronger entity than they were 12 months ago, they have some financial clout.
Non-binding bids to look forward to in August which will be the trigger for loan renegotiation to the end of the year. Of course, some working capital will have to be raised but this will be in the low to middle hundreds of thousands of pounds.

[cl0ckw0rk0range] 21/7/2017 12:15

Yes your agenda given that the answers to the questions you are posing are unknown (as you are well aware). As I said previously perhaps you should keep your focus on the issues and concerns enveloping your own "AIM darling".

[daddy warbucks] 21/7/2017 11:33

You inferred I had an ulterior motive for putting a contrarian view across, that is why I mentioned shorting.And if you read the posts yesterday, I am sure you will find it there, that I did say if the finance is sorted, it could be worth a punt up to news about the J/v.Until then there is uncertainty and the market doesn't like uncertainty. I am not trying to spike your investment, merely discussing the companies prospects.The high rates of interest attached to the loans, illustrates the risk. Over $2 million of debt has been added in interest alone in the past 12 months. Why wasn't a placing done when the share price was higher? Was it not possible? Why have the BOD exchanged their deferred wages into a loan? If the company were to go bankrupt, would they have some claim on the coal prospect rather than hoping for wages should the assets be liquidated.I don't know the answer to any of these questions, but if I am thinking them, then so are others. You have the courage of your convictions in investing in this company and should be applauded. You have weighed the risks and found them acceptable. I don't at the moment. But should the risk/reward ratio change, then I could change my mind.

[cl0ckw0rk0range] 21/7/2017 10:55

Worth a punt is it "Daddy"? There we are then. And I didn't mention shorting by the way, something on your mind perhaps... I will just leave that one there.

[daddy warbucks] 21/7/2017 10:45

M1SAK, one of my posts yesterday is in agreement with you about the finance needs to be sorted first.If that can be done without too much damaging interest added, then they could be worth a punt up to the end of September on the hoped for news about a JV partner.It is the uncertainty over the finance that is putting people off investing here.

[m1sak] 21/7/2017 10:26

Clock, Financial close will be approximately 12 months from the signing up of a new partner and not Q4 this year. That is when we are expected to announce a new partner.

I think the financing will be announced first, that will be the update by the end of August together with non-binding bids, so we will hopefully be back on track in five weeks.

If anything, the process is moving at pace as more structured timelines are being announced suggesting to me that there is a clear favorite or combination of entities interested in moving forward.
Don`t forget, these entities approached us and we could not do anything until the SEP shackles were removed. There must have been an air of confidence doing this or we could have ended up with no one at all. The fact we have "household names" involved also suggest to me that we are still dealing with some credible people.
I just wish the company would do more PR promoting what they have got.

[daddy warbucks] 21/7/2017 09:27

All I am saying is the above is a possibility. You have obviously considered those risks and think everything will be o.k. As I say best wishes to you. You pay your money and you take your chance. I have also risked money on a similar enterprise. We all want to make money, I would have thought. Oh and I have never shorted a share in my life and wouldn't know how to go about it. I don't think my share deLing company does it.

[daddy warbucks] 21/7/2017 09:18

RNS Number : 6674ENcondezi Energy Limited10 May 2017News ReleaseProject and Funding Update10 May 2017: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) announces an update in relation to the Shareholder Loan, discussions with Shanghai Electric Power Co. Ltd and the Company's financial position.Shareholder LoanIn accordance with its terms, the Shareholder Loan has become repayable and has increased from 1.5x to 2.0x the loan amount outstanding. A total of US$2,192,546 has been drawn down under the Shareholder Loan and the repayment amount is now US$4,385,092.The Company is in advanced negotiations with loan holders regarding an extension of the repayment date. Whilst discussions are at an advanced stage, there can be no certainty that an extension to the repayment date will be agreed.A further announcement will be made as appropriate.On top of this is the additional loan of $500,000 which is also due on the 2nd Sptember, part of which has a 25% interest rate for a three month period.You are looking at a debt of $5 million come 2nd September. That's £4 million. What happens if they don't extend the loan ? The company as it stands is only worth £7.2 million and if the share price drops further it will be worth considerably less. Can you see where I am coming from?