Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 02/11/2017 18:54

Last Signal:BUYLast Close:5.63 Change:+0.3750 Percent change+7.14% Signal Update Our system's recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 5.31, and our valid average buying price stands now at 5.33.

[imjustdandy] 01/11/2017 07:54

We now know it's 40% so this note below would imply a £2 valuation. Ncondezi 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.

[novicetrade68] 31/10/2017 16:08

Nice delayed buy of 551k shares at 5.44p from a few hours ago just reported and does not appear to be a rollover or something else.

[cl0ckw0rk0range] 31/10/2017 10:13

Price: 5.38-rAsMuS- 955 postsTime to top upNice retrace and bounce of previous horizontal resistance turned support, which is also around the 61.8% Fib retracement level. Indicators haven't turned yet so there may be a few sessions still before we see a big bounce IMO.

[cl0ckw0rk0range] 31/10/2017 09:26

The terms of the NBO have been agreed and initialled by all parties and a formal signing ceremony is planned in Beijing, China, in early November 2017. However, the work program to finalise and execute the JDA will start immediately.Hopefully an update on this v soon.

[blueball] 30/10/2017 19:44

stay in cash.

[solarno lopez] 30/10/2017 15:07

The problem I think NAV is, the company has two good symbiotic ideas but still a very long way from being a reality

[cl0ckw0rk0range] 30/10/2017 15:06

Update early Nov on NBO and then the partners can get stuck in - I would anticipate given that the lions share of the work was already done with SEP there isn't really that much "new" to do, so I would expect a further update or binding agreement sooner rather than later...

[nav_mike] 30/10/2017 15:02

Pretty mind boggling that we find ourselves at this level after such positive news, but I guess its a case of the 5p placing shares still working through, combined with the hot money turning distinctly luke warm

[lurker5] 29/10/2017 08:10

CHARTS - totally irrelevant for a co like NCCL. Liquidity tiny, and driven by relatively unpredictable news. They are doubly irrelevant where there's been share dilution via a fund raise.

[cl0ckw0rk0range] 27/10/2017 18:54

$NCCL.L may go up 21% if the bull pattern is confirmed. Chk confirmation [50%] @ bit.ly/2bgsx2w. Buy level:5.7500.

[cl0ckw0rk0range] 27/10/2017 15:14

Quite a few decent sized buys today again around 5.7p I wonder...

[cl0ckw0rk0range] 27/10/2017 11:47

Yes looks like it's moving nicely up in the right direction, wouldn't dismiss a few nice surprises along the way.

[cl0ckw0rk0range] 27/10/2017 11:46

Matt how are KIBO planning on funding their project through to production? Seems not to have been mentioned to date? Quite important factor I would "envisage"?

[dudleym1975] 27/10/2017 11:42

Just dandy wanting a proper re rate Let me remind you, you had it, and it's done all that is left now is dreams just dreams dandy i mean earlsfield

[blueball] 27/10/2017 11:26

Tick up..nice.

[cl0ckw0rk0range] 27/10/2017 08:39

Well someone is certainly loading up.

[imjustdandy] 27/10/2017 06:27

I see that Clock. Only a matter of time before a proper justifiable re rate gets underway. Yes GEC are working towards acquiring 60%. 5.75 to buy with GEC at the table.

[cl0ckw0rk0range] 27/10/2017 06:21

40k buy delayed print

[blueball] 26/10/2017 18:50

Stay in cash.

[novicetrade68] 26/10/2017 18:23

Yep, I think so too.

[imjustdandy] 26/10/2017 18:21

Only a matter of time before this explodes

[novicetrade68] 26/10/2017 18:14

700k buy @5.80p from 3:03pm this afternoon just reported.