Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 26/9/2017 07:25

#NCCL This is looking extremely good. Now looking for gap at 7.8-7.9p to be filled, at a minimum, based on the strength of the technicals...Plus, charts below show:key close above 200DMA (last time did this we went on to c11.5p).Bollinger break.Very bullish weekly MOs... @emergocharts

[cl0ckw0rk0range] 25/9/2017 20:55

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.

[cl0ckw0rk0range] 25/9/2017 13:44

Perhaps this time with post funding news being imminent partner update there is more incentive to buy and hold rather than usual AIM mentality of sell on any news. We will see.

[katylied] 25/9/2017 13:37

3189 - Precisely, which is why I have just dumped my punt (2+bagger). Frankly I was surprised I was able to get a 5p+ quote. Can't say with any certainty of course, whether post funding news (more debt?) it will fall sharply back again, but in recent times it always has. This kind of trading has to date, been the only way to make any money on NCCL...

Good luck to the rest of you...

[cl0ckw0rk0range] 25/9/2017 13:31

Happy to wait for early Q4 for partner update - October is a matter of days away - funding update this week will be the first box ticked and puts us into a more favourable position to move forwards into Q4. Who will they choose I wonder.

[nav_mike] 25/9/2017 13:24

I think people need to manage their expectations ahead of this weeks news.

We should definitely get funding news, but theres nothing in the last update to suggest we will be getting news on a partner.

NCCL may well have narrowed down their list of bidders, but binding offers arent expected until early Q4 and its entirely feasible that confidentiality will mean they wont disclose any names.

If people let their expectations get ahead of whats been announced, we are just setting ourselves up for yet more sell on news disappointment. Its happened so many times before.

[cl0ckw0rk0range] 25/9/2017 07:54

Should be an interesting week ahead, we don't need much cash to financial close and I'm guessing they are keen to announce the partnership news and get that ball rolling. Who have they selected I wonder?

[cl0ckw0rk0range] 25/9/2017 07:54

What has "mozambiques debt problem" got anything to do with this? The partner is sourcing the debt, not Moz. Bottom line is Ncondezi is very much in play. Those who lost out to Sep initially won't want to lose out second time around. They probably can't believe they're getting a second bite at the cherry to be honest. Conversely SEP have spent 4 years and millions on this project and won't want competitors stealing what they believe is their project. Be prepared for anything these next 4 weeks inc a full takeove

[cl0ckw0rk0range] 25/9/2017 07:53

Should be an interesting week ahead, we don't need much cash to financial close and I'm guessing they are keen to announce the partnership news and get that ball rolling. Who have they selected I wonder?

[dudleym1975] 25/9/2017 07:35

Don't forget NCCL will have to 'pay' for its 40% (30% acc to some) Its not a 'free carry' - they don't exist in the slim margin power sector. Thats not to say there isn't large upside from here.

[dudleym1975] 25/9/2017 07:34

Its the Mozambique sovereign debt problem that has come to the fore in the last few months. See the world bank probe in the press last few weeks. No overseas investor will cough up if there are doubts the country can guarantee to repay their loans

[cl0ckw0rk0range] 22/9/2017 14:25

Should make a good platform for a positive update next week from these levels.https://www.voxmarkets.co.uk/blogs/nic-charts-today-angus-energy-angs-canadian-overseas-petroleum-copl-westminster-group-wsg-ncondezi-energy-nccl/Cleared 5p now looking to 7.5p first technical target.

[kingkongtimmo] 22/9/2017 10:06

Expect some position taking to occur today, news is expected next week so people. 6p target this time next week

[novicetrade68] 20/9/2017 15:15

It's nice to see buyers picking up when sellers decide to bail and some of the buys look pretty decent, delayed 212k & 250k buy past couple of hours. Update should not be long now.

[cl0ckw0rk0range] 20/9/2017 15:00

Great volume today

[cl0ckw0rk0range] 20/9/2017 11:27

Well there are those who will hold for news and those who will ride a rise pre news and sell for any profit that is offered.Simple positioning and normal market service as usual.Hold for gold etc.

[nav_mike] 20/9/2017 11:18

4.5p on the bid seems to be where people are going all wobbly and pressing the sell button.

Perhaps those people who recently bought in the 2s and 3s getting out?

[kingkongtimmo] 19/9/2017 17:24

And a third delayed buy

[kingkongtimmo] 19/9/2017 17:02

Nice break out and nice to hold 16% rise into close. See what tomorrow brings

[novicetrade68] 19/9/2017 16:46

Nice to see two large delayed buys 212k & 247k reported.

[kingkongtimmo] 19/9/2017 15:46

Here we go!

[cl0ckw0rk0range] 18/9/2017 20:17

From a few months back but worth a refreshMozambique: Tete industrial investment zone on the cards, say analysts - African Business Magazine #Tete #NCCLhttp://africanbusinessmagazine.com/region/southern-africa/mozambique-industrial-investment-cards-tete-say-analysts/

[cl0ckw0rk0range] 18/9/2017 19:01

A lot of focus on Tete at the moment.

[novicetrade68] 18/9/2017 19:01

Some general news..

Tete province, Mozambique, will have four railways

Tete province, central Mozambique, will eventually be linked to the rest of the country by four railway lines, with the construction of the Macuse and Chiúta lines to carry coal and iron ore, as well as other goods, said the provincial director of Transport and Communications.

Tete currently has two lines, the Sena line to the port of Beira and the recently completed Nacala line, both starting in Moatize, where there is a coal basin whose mines are operated by Vale Moçambique, of Brazilian group Vale, International Coal Ventures Private Limited (ICVL) of India and Minas Moatize.

JSPL Mozambique Minerais, of Indian group Jindal Steel and Power Ltd (JSPL), extracts coal in the Marara deposit, another district with this type of ore.

Provincial director Romeu Sandoca told Mozambican national news agency AIM that in addition to the two new Moatize-Macuse railways in Zambézia (central Mozambique) and Chiúta-Nacala Port in Nampula (north), the province will also have a dry dock built in Cateme (Moatize).

Sandoca added that the Macuse line will include a branch from Moatize to Chitima, the district headquarters of Cahora Bassa, where there are two mining companies, namely JSPL Mozambique Minerals and ENRC Mozambique, a subsidiary of the Eurasian Resources Group of Kazakhstan, although the latter has yet to begin mining.

The Director of Transport and Communications said the convergence of four rail lines will significantly boost the growth of Tete province.

The Sena line, with an output capacity of 12 million tonnes per year is 547 kilometres long, starting in Moatize and running to the port of Beira and the Nacala line, which is 902 kilometres long, also starting in Moatize and going to the port of Nacala, with a capacity of 20 million tonnes per year.

The Chiúta line will stretch over 1,070 kilometres to Nacala and will mainly serve to transport the iron ore that will be mined in the Chiúta and Moatize basin.

The 520-kilometer Macuse line connects Moatize to Macuse in Zambézia province, with an extension to Chitima, another 125 kilometres, also to transport coal and iron ore.

The dry dock, to be built in Cateme, Moatize district, will occupy an area of 100 hectares, and will be located next to National Highway 7. It may be delivered under concession to any interested party, including both domestic and foreign companies, in order to process all kinds of cargo other than coal.