Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 01/3/2019 12:00

Just seen this link on twitter the valuations.https://twitter.com/coconocchio1/status/1101448406537564160?s=12

[cudmore] 01/3/2019 11:16

When the JDA lands these will be multiples of today’s price.

[yogaboy] 01/3/2019 08:49

Indeed he did, I caught that too.It has been frustrating to keep reading announcements that refer to a repeatedly deferred deadline for agreeing a timetable. There are only so many ways to say we are nearly there.Inevitable, I guess, when government programs and processes are in play, but I remain optimistic that the big one will drop in March.

[cl0ckw0rk0range] 01/3/2019 08:31

Well they can't move ahead without the timetable being agreed, and they are moving ahead with an update due this shortly on the JDA - and he did say it was agreed...

[yogaboy] 01/3/2019 06:58

Thanks, interesting. The trouble with an interview is there's nothing more that can be said beyond the RNS, but Hanno's demeanour sounded confident. If the timetable referenced in previous RNS has indeed been agreed, it would have been helpful to say so in yesterday's RNS. Looking forward to reading that the JDA has been signed by the end of Q1.

[cl0ckw0rk0range] 28/2/2019 21:02

https://www.voxmarkets.co.uk/articles/ncondezi-energy-bigdish-and-chris-bailey-a3cacd1

[yogaboy] 28/2/2019 18:40

Not sure which one you mean clock. Got a link please?

[cl0ckw0rk0range] 28/2/2019 14:32

Did you listen to the interview yet?

[yogaboy] 28/2/2019 14:31

The language this morning is very positive and the timetable agreement feels really close. I think the JDA will follow hard on its heels.

[kingkongtimmo] 28/2/2019 08:03

A HUGE step forward here. JDA In the month of March. Share of the quarter?

[cl0ckw0rk0range] 28/2/2019 07:31

Nailed it28 February 2019: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) is pleased to provide an update on its process to conclude a binding Joint Development Agreement ("JDA") for the Company's integrated 300MW power and coal mine project in Tete Mozambique (the "Project"). Following the announcement on 1 February 2019, the Company has concluded positive meetings with the Liaison Committee, setup and chaired by the Mozambican Ministry of Mineral Resources and Energy ("MIREME"), where the updated Project work program and timetable targeting power on the grid by 2023 was presented. Following these meetings, the Company's potential strategic partners have confirmed that the process to conclude the JDA can now move forward. All parties are currently reviewing the latest draft and timetable for completion of the JDA, although the Company does not expect material slippage, if at all, from the current target timeframe of Q1 2019 or any impact on the overall timetable leading up to first power targeted in 2023. The JDA is now being prioritised and will be followed by other project deliverables such as the receipt of binding engineering procurement, and construction ("EPC") and operations and maintenance ("O&M") contracts. This will ensure timelines of key milestones such as final tariff submission, the Power Purchase Agreement or Financial Close are as per the approved Project timetable. Non-Executive Chairman, Michael Haworth, commented: "Today's announcement further reinforces the serious intent of all parties to deliver the Project, one of the most advanced power development projects in the region. The positive meetings with the Liaison Committee have set the final stage for the Company and its potential strategic partners to conclude the JDA, a material de-risking event for the Project which will formally set out the terms on which the Project will be developed, funded and operated. Getting to this point has required the achievement of significant milestones to further confirm the economic and commercial viability and attractiveness of the Project, including updating EPC and O&M proposals for the Project, finalisation and submission of an updated power tariff, receipt of formal government support for the Project from MIREME and delivery of an updated work program and timetable to the Liaison Committee. The Company and its potential strategic partners have agreed to now focus on concluding the JDA as soon as possible and the timetable to deliver this milestone is being reconfirmed.

[cl0ckw0rk0range] 27/2/2019 23:16

Found this on the KIBO board but good read re NCCL FYI.NCCL feasibility studies Don't know where you got extra $20m required, but they've been completed - otherwise JDA wouldn't be imminent and GE and CMEC wouldn't have committed their $60% investment. Admittedly NCCL haven't published the updated integrated study. But spokesman has publicised various stats from it, which enable us to judge its main points - particularly the irr's which are always about the same for all government guaranteed power projects. He's also revealed other ststs and points which I've mentioned here in the past.On the other hand Moz DFS is only 'in progress' and its cost not yet revealed. And Bots is even less advanced with only a pre-feasibily study on the mine and a scoping study on the power plant. Means still a long way and much spending to go before we even know its economically viable.As for the rest - Haven't time to flog through all the numbers in detail. But rough comparisons will help you see the difference.Mbeya was the only real equivalent to NCCL's Tete project. Moz and Bots project are worth no more than what Kibo has paid for them (c $10m) because nothing has been spent yet to develop them. Med will be too small to count before the funds needed to develop them which Kibo doesn't have.Even if Moz & bots are developed, their total project size as far as Kibo is concerned will only be equivalent to Mbeya (85% of Bots, less15% of profits royalty to pay, means worth 70% of Mbeya) (65% of Benga, only 150MW, no coal, means worth about 30% of Mbeya)Even going by sizes of projects and resources (before its larger project share) NCCL is much the larger.1) It has much more coal over and above needed for its long term power plans (1,800 MW), and is close to export opportunities now being developed.2) Tete capex is $1bn against Kibo's projects' (Mbeya or Moz+Bots) capex around $650m (assumed). At equivalent profitability, means NCCL's total project profit to be shared is 1.5x Kibo's3) NCCL has paid a lot more in costs which it will receive back on financial close. Around $30-$40m - against $19m as would have been at Mbeya, but nothing so far for Moz and Bots.4) NCCL's share of its project will be far higher than Kibo's could ever have been. With its back costs, NCCL expects to end with c 40%. Kibo never could have had more than 19% for Mbeya, and will have less than 10% of Mabeseweka on spending so far. To get more it will have to spend more, which it doesn't have !5) NCCL has only 285m shares in issue (more to be issued on loan conversion but still low) against Kibo's 640m and rising.Add up all those factors, and you'll see why NCCL has ADB as a cornerstone investor while having signed up GE and CMEC to fund its project, which has completed and paid for all its necessary studies while Kibo has spent nothing so far on Moz or Bots or Med. All adds up to why NCCL has also always warranted a larger market cap than Kibo, and an even higher s

[assagai] 26/2/2019 19:13

Now 40% down on this one. Always difficult to cut and run but better 40% than 100%.....

[cl0ckw0rk0range] 26/2/2019 18:26

Because things take the time they take but you probably already know that."If they were so close to the finish line at the end of Jan 2019 then, why is it that we are once again coming to the end of another month with no positive news."

[kingkongtimmo] 26/2/2019 16:55

You are invested in EDL. Lol.

[glasswala] 26/2/2019 16:39

If they were so close to the finish line at the end of Jan 2019 then, why is it that we are once again coming to the end of another month with no positive news.

This is Africa and like all projects in Africa they are doomed to be a failure for the simple reason that corrupt politician want their fill before some one else comes and replaces them and they too are as corrupt as their predecessors who too want to milk the system and this gravy train continue whilst the PI are left holding the empty can. The directors always do well out of it they just move onto another pet project with unsuspecting mug punters to con further.

The Aim market should be shut down and all the rogue directors should be locked up and the keys to their jail should be thrown in a deep irretrievable crevice never to be found again for their criminal behaviour.

Once again the FCA have failed to take action and more and more people are loosing their hard earned money to these charlatans dressed up as so called directors on Aim

[yogaboy] 26/2/2019 14:48

Two extracts from the 1 February RNS fill me with optimism...The Project timetable has been signed off by the Company's potential strategic partnersOnce the timetable has been agreed, the Company expects JDA negotiations to immediately progress, with an advanced form draft JDA already submitted to its potential strategic partnersBut then there is this...The Company will make a further update on the Liaison Committee process as soon as possible during February 2019.Torn...

[cl0ckw0rk0range] 21/2/2019 13:33

David if you want to pass comment on my postings then please direct them at me and not refer to me in the third person. And please don't draw comparison to KIBO as that's a completely different company, with a completely different project, in a completely different country. As for you're comments re director salaries you have clearly not done enough research. Back to the other side David. Cheerio.

[bullrun1] 21/2/2019 11:03

Good bye David...

[davidpines] 21/2/2019 11:02

This dog is the same as Kibo miningBoth just companies which feed the directors pockets with huge salaries Clockwork has been claiming many things over the years yet this is still at 5pSoon to be 3pMany in Kibo mining wished they had bailed at 5p look at that dog now

[cl0ckw0rk0range] 20/2/2019 09:38

Some really positive noises coming out of @energyindaba conference.Renewable energy will not be 100% capable of achieving universal access. The advancement in clean technologies means that we can use with fossil fuels. We need to use all tech and resources. - Dr Elham Ibrahim, @WECouncil

[cl0ckw0rk0range] 19/2/2019 12:08

That's the order filled.

[cl0ckw0rk0range] 19/2/2019 12:06

I'm not dressing anything up, there's a significant difference between deferred salaries and share options. What was the point you were trying to make again? Something about 'handsomely drawing monthly salaries' or something? Which they aren't clearly. Jog on.