Ncondezi Energy Share Discussion Threads

[yogaboy] 09/11/2018 10:57

Feels like we are on the march again :)

[devonlad] 08/11/2018 14:56

Can't buy through IG at the moment, annoying!

[cl0ckw0rk0range] 08/11/2018 14:21

Expected return of historical development costs c20-30m and developers premium c20-40m that's a lot of dollar #NCCL

[cl0ckw0rk0range] 08/11/2018 14:18

Ncondezi Energy waiting on the final pieces before plant construction @JeremyNaylor_IG #NCCL @Ncondezi_Energyyoutu.be/TzuQLMxIqoY via @YouTube

[daddy warbucks] 08/11/2018 12:42

Thanks for the summary.

[cl0ckw0rk0range] 08/11/2018 12:00

Great summary from over the road.Hey chaps.I was one of the contingent who made it to the AGM on Monday. Hanno joined a selection of us for lunch after and I must say, the meeting(s) filled me with confidence. It was the first time I'd ever spoken to Hanno personally and he's a very shrewd, engaging character. He knows what he's doing and was very comfortable answering even the most 'probing' questions.In the near term, we can look forward to the following:1. Confirmation of debt restructure at 10p equivalent. With AFC voting by proxy in agreement of resolution 7, this was effectively them signing off the restructure. Just waiting formal signature now which should arrive shortly and then it can be RNSd (may have already been signed tbh). Some will definitely have been holding off entry with concerns about the debt. Once the restructure is in place, I'd expect those on the sidelines to being taking their positions. Potentially some 'larger' players are keeping an eye on us too... 2. GE/CMEC approving MOU. The importance of the MOU and LOI arriving appears to have been missed by the masses. This is a SIGNIFICANT de-risking event. EDM/MIREME DON'T HAND THESE OUT LIGHTLY, as we've seen by the length of time it took to arrive. They are ENDORSING this project and, as we all know, it meets PERFECTLY with their own targets for generating power to the region. We are the most advanced project in Mozambique and have the best possible partners.3. Updated timeline to JDA, approved by all parties. This will show a clear pathway to JDA and highlight all significant milestones. Hanno stressed that JDA is not dependant on the EPC and O&M bids. JDA will come first. The rest is basically a formality which will follow. Once JDA signed, that's confirmation that this project goes ahead with our partners. They hoped to have it done by the end of the year, but the reality is their real target is end of January, before Chinese New Year.We broached the subject of RNSs and 'meatier' wording. Unfortunately the company's hands are tied with what they can release regarding any mouth-watering numbers. However, there are plenty of numbers out there for PIs to work from. Plus Hanno's own comments of 50p per share NPV. We did have some strong discussion about RNS titles. So rather than a boring "Project update", I'd hope to see something more exciting moving forward.Finally, Hanno is very aware of how frustrated we are by missed targets. The missed targets this year were out of NCCL's hands and lessons have been learned. For what it's worth, following the meeting, I understand various attendees have bought more (including those most shrewd). If that doesn't fill you with confidence, then nothing will.I know targets of anywhere between 35p and £1 get mentioned and these may seem crazy, but over time I think each target will be hit and perhaps even surpassed, just a few more boxes to tick first. Good things come to those who wait (and take a position before the herd haha).

[cl0ckw0rk0range] 06/11/2018 23:37

Come on aim_profit you need to start doing research for yourself there's a good chap, but here's a clue.Non-executive chairman, Michael Haworth, commented: "Receipt of the support documents from MIREME and EDM are welcomed by the company, as they provide formal support for the continued development of the project as well as confirmation of the process and key development milestones required to enter into formal tariff negotiations and finalise the project development timetable."With delivery of the support documents, the company's attention moves to finalising and implementing a revised timetable with its potential strategic partners to deliver key development milestones, particularly the delivery of the joint development agreement which the company believes it is adequately capitalised to achieve.""The Mozambican government recently approved the Integrated Master Plan for Electricity Infrastructures, which includes the sourcing of 1,350MW of coal fired energy between 2018-2043. As one of the most advanced power development projects in Mozambique, the company is well positioned to supply this power," Haworth concluded.

[dontay] 06/11/2018 13:44

Podcast now:https://audioboom.com/posts/7074763-ncondezi-energy-and-alan-green-on-rpt-bsif-sati-ctea-imcp

[cl0ckw0rk0range] 06/11/2018 11:39

Ncondezi Energy announced that it has received a letter of support from the Ministry of Mineral Resources and Energy (MIREME) for its integrated 300MW power and coal mine project and also signed a Memorandum of Understanding (MoU) with the Mozambican state power utility Electricity de Mozambique (EDM).According to a company statement, the letter of support and MoU set out a clear pathway for development of the project, including finalisation of the project timetable, and confirm that project development is to be managed through a liaison committee, chaired by MIREME.The support documents also confirm that coal generation is part of Mozambique's energy generation mix and that the project is an advanced stage project, which is in line with the national Energy Policy. Read more: Mozambique approves Integrated Master Plan for electricity infrastructureIn particular, the MoU sets out certain prerequisite conditions to enter formal tariff negotiations including the finalisation of the joint development agreement with the company's potential strategic partners and the receipt of binding engineering, procurement, and construction and operations and maintenance contracts.EDM has also identified certain preconditions to the negotiations including that the local exchange rate outlook remains stable and for the continuation of, or improvement in, energy demand outlook and regional tariff pricing outlook, each of which can be waived at EDM's election.Updated tariff proposalThe support documents follow the introduction of the company's potential strategic partners to MIREME and EDM and subsequent submission of an updated tariff proposal in July 2018, which included a more than 10% reduction in the previously agreed tariff rate.Non-executive chairman, Michael Haworth, commented: "Receipt of the support documents from MIREME and EDM are welcomed by the company, as they provide formal support for the continued development of the project as well as confirmation of the process and key development milestones required to enter into formal tariff negotiations and finalise the project development timetable."With delivery of the support documents, the company's attention moves to finalising and implementing a revised timetable with its potential strategic partners to deliver key development milestones, particularly the delivery of the joint development agreement which the company believes it is adequately capitalised to achieve.""The Mozambican government recently approved the Integrated Master Plan for Electricity Infrastructures, which includes the sourcing of 1,350MW of coal fired energy between 2018-2043. As one of the most advanced power development projects in Mozambique, the company is well positioned to supply this power," Haworth concluded.

[cl0ckw0rk0range] 06/11/2018 11:39

If you say so

[yogaboy] 06/11/2018 11:32

Absolutely agreed. But when all's said and done, that's just another euphemism for jam tomorrow.

[cl0ckw0rk0range] 06/11/2018 10:49

Sure, but from that last RNS we can extrapolate that both the loan and LOI are both in hand and due shortly which are both catalyst events.

[yogaboy] 06/11/2018 09:36

All that you say is true, clock, but we didn't expect that window to be open after 31 July. They have to deliver.

[cl0ckw0rk0range] 06/11/2018 09:32

The market is not the only thing that is fickle as are many users of these discussion boards. Loan approval will provide comfort to those perhaps on the fence, and subsequent official signatory by partners on the LOI will do so further, I wouldn't expect the window to be buying at these prices to be open for much longer.

[dontay] 06/11/2018 09:26

Daddy Warbuks... as I've posted a few times now... the loan restructure plan has always been excepted by the market as a 'given'. It's been priced in since the idea was first muted as the only other option was for the lenders to call in their loans. No-way was any lender gonna do that at this stage... and the market knew it and has always known it! If it wasn't for that conversion to equity plan the share price would still only be close to 5p... if even that high! There has never been any likelihood that the share price would go 'whoosh' to a new base price of 10p... as some on here have claimed ... just because of completion of a formality. As I've said before, market sets the base price, not the lenders options... and this is Africa! What will give the share price some impetus will be firstly when the potential lenders also sign the approval documents which will give those documents some legal legitimacy... which will go a long way towards 'proving the colour of THEIR money'... and then of course the binding JDA.The intra day share price doesn't matter... it's the long run that does!

[yogaboy] 06/11/2018 09:25

The market is fickle, though. Even loan repayments at 10p might drift under the radar.This project needs the JDA to be signed, sealed, delivered and announced. Announced in the past tense. Until that happens, it remains arguably a jam tomorrow offering.

[cl0ckw0rk0range] 06/11/2018 08:39

Bigger picture than just the floor at 10p with JDA now firmly in sight.

[daddy warbucks] 06/11/2018 08:22

I was expecting this to be 10p today. I thought with the loan repayments set at 10p a share, that would have put a floor under the share price.Obviously have to wait for the rns confirming the details.

[splatted] 06/11/2018 08:12

Lots on twitter looking and sounding very bullish.they got hanno down the pub and got Scott ( our 4%) holder to join the twitter chat group,all following a cracker rns. Gla

[assagai] 06/11/2018 08:01

OK thanks, don't do social media.! Just that there were no comments post AGM.

[splatted] 06/11/2018 07:24

Did you not see the photos on twitter of the attendees down the pub with hanno afterwards. 12 well invested chaps made it I think

[assagai] 05/11/2018 22:40

So nobody actually went to the AGM then?

[kingkongtimmo] 05/11/2018 18:59

At the turn of the year we were sub 4p. It's a healthy profit for anyone completely risk averse to take, no qualms with it but as this type well know, they miss the huge profits as their investing style dictates they're long gone. Each to their own!