Ncondezi Energy Share Discussion Threads

[babbler] 27/9/2017 14:54

How to lose 1.5k in an hour...

[babbler] 27/9/2017 14:45

Same as every share on aim then...

[dudleym1975] 27/9/2017 14:18

People buying into this as a pure punt then will bail The rampers are hard at work

[nav_mike] 27/9/2017 13:58

LOL that was getting fun until someone stuck 1.25m onto the sell side of the auction at 6p

Edit...they just moved a million of that up to 6.25

[cl0ckw0rk0range] 27/9/2017 13:51

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] 27/9/2017 13:49

But NCCL suspensed exclusive negotiations with SEP, SEP did not pull out. There are SEVERAL interested parties. I find it curious why a KIBO holder has decided to troll this board. Very curious.

[kingkongtimmo] 27/9/2017 13:48

And back up. Stick to KIBO Dudley, you're not welcome here

[dudleym1975] 27/9/2017 13:38

Drip drip drip back downNo jda in placeNo confirmed partnerUntil such time people are buying in on hope for a quick tradeThey had a partner who pulled out why is the question, lots more due diligence to be done maybe the new partner may take some time

[babbler] 27/9/2017 13:25

Auction at 6.5

[cl0ckw0rk0range] 27/9/2017 13:22

From July RNSIn 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.

[cl0ckw0rk0range] 27/9/2017 13:21

I see you are a regular poster on the KIBO board. Odd why you choose to troll the NCCL boards. Agenda?The next phase will begin in September with the Company narrowing the process down to a few preferred parties who will be further supported by the Company to complete their detailed due diligence for submission of binding offers and Joint Development Agreement finalisation. Binding offers are targeted for early Q4 2017, and the Company expects to be in a position to accept its preferred offer before year end. ? The Company's objective is to identify a new partner capable of providing a leadership role in the financing, construction and operation of the power plant, with a credible track record in both the global and African power sectors. Although limited information can be shared at this time due to the competitive nature of the process, the Company has been very encouraged by what has been received to date.

[cl0ckw0rk0range] 27/9/2017 13:08

Q4 is from next week ;-)The next phase will begin in September with the Company narrowing the process down to a few preferred parties who will be further supported by the Company to complete their detailed due diligence for submission of binding offers and Joint Development Agreement finalisation. Binding offers are targeted for early Q4 2017, and the Company expects to be in a position to accept its preferred offer before year end. ? The Company's objective is to identify a new partner capable of providing a leadership role in the financing, construction and operation of the power plant, with a credible track record in both the global and African power sectors. Although limited information can be shared at this time due to the competitive nature of the process, the Company has been very encouraged by what has been received to date.

[cl0ckw0rk0range] 27/9/2017 13:08

Very original - isn't that libel?

[fillipe] 27/9/2017 10:49

L2 - showing totals of a mere 75k shrs each side of the bid/ask, so it's tightly run.
Even more so as those 75k totals are spilt between 5 mms....only 15k shrs each!

Even a whiff of an improved position here is bound to thrust these further upwards.

f

[daddy warbucks] 27/9/2017 10:21

Good luck. You have stuck with it. Don't forget to top slice at 8-10p though, just in case of delays.

[cl0ckw0rk0range] 27/9/2017 10:17

#NCCL Some minor resistance c5.5p, but once through, I'll see you in your 6's & 7's son! Was thinking slice at c6.5p but now want all 8-10p. @emergocharts

[novicetrade68] 27/9/2017 10:11

Quite strong again today (for now).

[cl0ckw0rk0range] 26/9/2017 09:58

#NCCL Remember, it's VERY thin on the ground as soon as 5.25p goes. Hence why MMs are using all tricks up sleeve to gather cheap shares now.

[cl0ckw0rk0range] 26/9/2017 09:57

Why don't you skip back over to KIBO and stop trolling these boards, I think you have enough things to concern yourself with there.

[dudleym1975] 26/9/2017 08:56

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] 26/9/2017 08:56

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