Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 16/11/2018 08:45

c40% of the Co is owned by insiders who are on the board & in the loan - they won't be doing anything to the detriment of their own shareholding's and the institutional investor AFC who own c22% are likely the ones arranging the financing ultimately for the project with GE and CMEC.

[daddy warbucks] 16/11/2018 08:34

Thanks Clock.I think the conversion at 30% discount etc only lasts for7 days after the maturity date unless I am reading it incorrectly. It also needs the consent of over 50% of remaining lenders to agree.If FC occurs as you suggest as a possible scenario, the company could repay the loan from funding that would be available.Today's news has given the company some breathing room, but it doesn't guarantee the lenders will exchange at 10p a share. That is a safeguard for the lenders should the JDA be signed and the share price rise accordingly.I would expect some forward selling by these lenders at that point to ensure profits are taken.

[cl0ckw0rk0range] 16/11/2018 08:17

"The updated work program and timetable for the Company's integrated 300MW power and coal mine project in Tete Mozambique (the "Project") is expected to be submitted to the Ministry of Mineral Resources and Energy ("MIREME") and Electricity de Mozambique ("EDM") during November 2018"

[cl0ckw0rk0range] 16/11/2018 08:16

Well as an example in say December next year when share price might be say 15-20p or higher given FC could have occurred, the swap occurs at the higher of 30% discount to 60 day VWAP or 5.2p, if the 60 day VWAP is 15p, then it's 10.5p, at 20p it's 14p etc or they convert at 10p. Simples.

[daddy warbucks] 16/11/2018 08:07

Why would they they take their debt at 10p a share now, when in 12 months time they would have an extra 12.5% in interest on the loan, which in the past has already had interest of 50% and 25% added in the past?They would need the share price to be substantially higher before they have better terms.We await the JDA, for that to happen.

[cl0ckw0rk0range] 16/11/2018 08:07

Do indulge me Div, what ever do you mean?

[imjustdandy] 16/11/2018 07:51

Great news this morning. Debt about to be extinguished at 10p. JDA next

[divmad] 16/11/2018 07:22

Not exactly correct, clockwork, and you know it.

[cl0ckw0rk0range] 16/11/2018 07:08

This is a massive milestone for #NCCL with SHL now convertible at 10p very pleased indeed and lots more newsflow due before the year is out @Ncondezi_Energy ?

[yogaboy] 13/11/2018 16:52

Sitting on 600k which will have to be my limit until I sell, but I take your point :)

[cl0ckw0rk0range] 13/11/2018 15:03

You will be paying a lot more than 7p for it when the JDA is signed.

[dontay] 13/11/2018 11:13

The share price seems to be reasonably within in it's recently established trading range, I don't see anything to be unnerved about. The loan restructure plan has been a distraction because the only alternative for it not to be restructured was for the lenders to call in their loans. That was never going to happen. The plans have been formally accepted by all lenders including the AFC who voted positive for the applicable clauses by proxy at the AGM. The completed agreements are expected to be returned around the end of this month. All completely as expected and bang on track. The next steps on that issue include gaining approval by Librium Capital on behalf of the rest of the shareholders and then it'll be presented for acceptance under the Market rules and regs. Those processes should be formally completed by the end of the year. I believe the loan roll over has been long accepted as a given and doubt very much if the formalities will make one jot of difference to the share price so not a worry as I see it. One thing that I think will undoubtably have a positive effect on the share price is for our potential partners to sign the LoA and the MOU. Lots of hearsay has been heard, but nothing official one way or other directly from the big guys. IMO... that is what the market is waiting for. Hanno has clearly stated that a abinding JDA could take up to 3 months and unless there is official news that the timescale will turn out to be quicker than that... the share price will continue to mark time.

[splatted] 13/11/2018 10:22

Jeees..just look at the volume.chill your beans and buy the lows if you can.could hit 50p by the end of Jan,but aim being aim could be lower or even higher.jda is looking really reallt likely now

[yogaboy] 13/11/2018 09:40

Does anyone else find a 7% intra day drop a little unnerving? Is this share more volatile than we should be expecting? Asking for a friend...

[druidinvestor] 13/11/2018 09:04

Yep, 25 year revenue streams are not to be sneezed at.

[splatted] 13/11/2018 09:02

Plays into nccl hands,surely. Company still huge but desperately needs new openings.they would be nuts to let this one go

[druidinvestor] 13/11/2018 08:49

None for me. It's profitable projects like this that GE need to turn around it's performance.

[123js] 13/11/2018 08:34

Any concerns here about the general financial state of GE?

[cl0ckw0rk0range] 12/11/2018 07:49

https://twitter.com/rtf83/status/1061536076219719681?s=21And here is the actual link seeing as ADVFN doesn't seem to support that media!

[imjustdandy] 12/11/2018 07:46

News on loan this week will completely de-risk this. No debt and conversion at 10p.

[cl0ckw0rk0range] 12/11/2018 07:43

??? ??????? via ??Govt?LoS?MoUSolid Technicals? Bullish CCI? Daily MAs crossover? Weekly MACD Buy signal triggeredClosing >MAs on all timeframes@ScottJFletcher >4% ??@Ncondezi_Energy @IGTV interview with @JeremyNaylor_IGyoutube.com/watch?v=TzuQLM...

[cl0ckw0rk0range] 11/11/2018 09:56

Chart looks primed, newsflow looks to be in position, it looks like this is in the final straight to JDA.

[imjustdandy] 11/11/2018 08:42

Big period for newsflow this month. Loan signed, loan conversion at 10p, moving towards JDA.

[devonlad] 09/11/2018 11:00

Chart breaking out of a down trend pattern that started in July, now forming an uptrend channel, f*ing IG, sometimes they are just annoying!