Ncondezi Energy Share Discussion Threads

[kingkongtimmo] 29/6/2018 13:41

Have a good old bash whilst you can you lemons, it's been pushed down hard on tiny volumes. Stop hunting, collecting shares, making a market, whatever you want to call it. Julys newsflow is incredible here and NCCL will be back where it was shortly. There's enough clues in today's RNS, using the SEP numbers which are now out of date due to GE optimisations clear to see there's Multi bagger potential in a short space of time here.

[cl0ckw0rk0range] 29/6/2018 13:28

Blah blah blah deramp deramp deramp it's always the same, any weakness and the boards are suddenly filled with experts offering their views. Tariff this month ahead of JDA then conversion of the shareholder loan to equity post JDA along with a large bag of cash from their partners.

[cl0ckw0rk0range] 29/6/2018 13:26

Yes - it's standard wording in a EOY audited report where there are risk factors and you do find similar in other similar reports.

[pre] 29/6/2018 13:12

Not really standard is it, else you would find it in every set of annual reports.

Please look at the basis of opinion by the auditors in todays rns..its says:


Material uncertainty relating to going concern

We draw attention to Note 1 to the financial statements concerning the group's ability to continue as a going concern which states that the group will need to extend, refinance or settle existing loans by their maturity date of 2 September 2018 and raise further funds to enable the group to meet its liabilities as they fall due for a period of at least 12 months form the date of signing these financial statements.

The matters explained in note 1 indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group were unable to continue as a going concern. Our opinion is not modified in respect of this matter.

Given the conditions and uncertainties noted above we considered going concern to be a Key Audit Matter.

[cl0ckw0rk0range] 29/6/2018 13:03

It's a standard and generic wording for this type of document stop trying to make more of it than it actually is. NT btw for any significant volume

[fillipe] 29/6/2018 12:50

Not so good at the moment with NCCL.

Highest bid now showing sub 6p, at 5.90p with a steady flow of bailings.

f

[splatted] 29/6/2018 11:51

The good ol lennigas pump n dump. Take your ramping to the correct board please

[ssrover] 29/6/2018 11:36

All the action at UKOG folks. David Lenigas bought £500K worth yesterday (I'm sure he's privy to info). UKOG went from 1p-11p last year.

UKOG last time went into double-digits and that was on a drill. This is flow rates for 'the one'

[martin collins] 29/6/2018 10:48

Hi Pre, I believe you can find that in any number of Aim companys financial updates. Someone with more financial nous than myself regarding accounting may be able to shed light on it.

[cl0ckw0rk0range] 29/6/2018 10:01

I'm still waiting Lurker but I see that you are trying to mislead investors on LSE now with you'r deramping?"Lurker5 360 postsRE: C'mon HannoCF You continue to display total ignorance about the whole process. Its been explained often enough. If you didn't 'get it' then, look up JDA's, Financial Close, PPA negotiations, on Google, and read again the RNS about options. Andre is correct."Previous deal included a cash sum at JDA c$25M and given we know the current deal is structured on the previous we can expect something similar at JDA here targeted end of July.So Lurker, again I ask you what price do you put on this?Options vested on tariff are set at 10p so it would be fair to attribute at least that price, before the JDA at the end of the month, how much then? At least the mcap?

[pre] 29/6/2018 09:55

wonder if this is of any concern in the outlook statement within the rns today...extract:

'...These factors indicate the existence of a material uncertainty which may cast significant doubt about the Group's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern. Such adjustments would principally be the write down of the Group's non-current assets...'

[cl0ckw0rk0range] 29/6/2018 09:26

Framework for previous arrangement was based on $25m paid to #NCCL on JDA and $35m at FC so working along those lines dependent on revised T&C with GE they could be in for a bumper payday on JDA that's still targeted for end of July...

[cl0ckw0rk0range] 29/6/2018 09:09

I'm thinking that they will probably convert the shareholder loan to equity after JDA is signed at the end of the month, at a higher share price which makes sense.

[mcpaulas] 29/6/2018 09:03

Paying down a loan will be no problem when it all comes together at the end of July.Raising money from a share placing will be a breeze.At present we only have 281 ml shares on issue.

[cl0ckw0rk0range] 29/6/2018 08:21

From the Financial Model Update RNS, dated 11th June:'...the JDA process which is currently targeted for completion by the end of July 2018.'https://investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/financial-model-update/201806110700038595Q/And from the Podcast, following the Financial Model Update:'We currently have a set of milestones during June and July to deliver our partners, which will unlock significant value to shareholders"

[cl0ckw0rk0range] 29/6/2018 08:17

Looks like a very busy month for the company with JDA still targeted for end of the month

[terranadonjohnson] 28/6/2018 16:36

Things about to kick off over coming days and weeks. The traders and chancers brought the share price down to these levels. Nothing in the fundamentals. Now heading to the end of June and on towards the end of July.

Tomorrow should be last day under 7p

[imjustdandy] 28/6/2018 16:31

Only one C2P play left on Aim and it's without doubt the best one.

[terranadonjohnson] 28/6/2018 16:20

Can't see any 500K sell.

[kingkongtimmo] 28/6/2018 15:49

Delayed 500k. Must be a buy? Price looks a sell but it would have wrecked the share price if it were

[terranadonjohnson] 28/6/2018 15:37

LOL Yoga, to be honest, we shouldn't have fallen under 8p, let alone 7p.

Current share price is genuine mockery but good to see the tick up today.

[yogaboy] 28/6/2018 15:20

ooooh you little ramper!

[terranadonjohnson] 28/6/2018 15:05

Could be the last time we're under 7p

[terranadonjohnson] 28/6/2018 14:48

Is NCCL about to BLOW??!!