Ncondezi Energy Share Discussion Threads

[cl0ckw0rk0range] 07/5/2019 21:38

AIMismylifeMember since: 25 Apr 2019228 postsProlific no?

[cl0ckw0rk0range] 07/5/2019 21:30

Non-Executive Chairman, Michael Haworth, commented:"Significant progress has been made on the JDA over the last month with alignment being reached on a majority of the commercial points. The final JDA draft is expected at any moment and the Company asks for investor patience during these closing stages. At this time, no material delays in signing the JDA are expected. The Company's successful attendance as part of the Mozambican Government delegation in China for the Second Belt and Road Forum for International Cooperation provided an opportunity to raise the profile of the Project and provide the Company's strategic partners with further support and comfort from government."China Machinery Engineering Corporation Vice President, Fang Yanshui, commented:"CMEC is looking forward to realising the JDA soon and believes that together with GE and Ncondezi there is strong confidence to deliver the high-efficiency and advanced Ncondezi integrated power plant and mine to bring reliable power supply to the Mozambique power market."General Electric Power regional executive sub-Sahara Africa, George Njenga, commented:"We look forward to concluding the JDA, the next major development milestones as the Ncondezi project will be an important addition to the Mozambique's energy mix, adding much needed capacity that will further enhance regional energy security."

[cl0ckw0rk0range] 07/5/2019 21:30

I'm not ramping anything merely stating the facts. And no, macro economic trade agreements don't have any impact on localised in country projects such as this. Natch.

[aimismylife] 07/5/2019 21:20

All signs point to an escalation of trade war between the United States and China, the world's two-largest Economies.President Donald Trump tweeted on Sunday that he would seek to increase tariffs to 25 percent on $200 billion worth of Chinese goods starting Thursday at midnight due to China pulling back on trade promises. China is still sending a delegation to negotiate this week, but right now it looks like an all-out trade war is about to begin. The worst-case outcome there, say experts, is a fight that sends the S&P 500 into a correction -- which would be 10% off that key indicator. The companies likely to be hardest hit, say the experts, are likely Boeing, Apple and Caterpillar. They are all down about 5% this week already.Then the pain ripples into the metals, mining and automobiles sectors."Fasten your seatbelt and don't hold your breath," Bank of America strategists wrote in a note this week. "The latest escalation of the trade war was completely unexpected, despite the strength of the economy and the markets."

[mike2909] 07/5/2019 20:50

Could the current trade war situation going on with the USA and China have any impact on this deal. I don’t really understand what’s going on myself, but I just wondered if our deal involving prospective partners from those opposing countries could be influenced by the current problems. I must admit rightly or wrongly it’s making me a bit nervous.

[aimismylife] 07/5/2019 20:23

Let's see those so called double digits. Anyway could be another month or 2 before this so called "draft" lands.

[robtiger1] 07/5/2019 20:17

Haha what rubbish you spout .I can see why clock gets annoyed.The key players and big holders know what this deal will do to the company value .

[robtiger1] 07/5/2019 20:16

Haha what rubbish you spout .I can see why clock gets annoyed.The key players and big holders know what this deal will do to the company value .

[aimismylife] 07/5/2019 19:33

Clock if the share share price goes to double digits and stays there I will owe you an apology. Mine is only my opinion so dnt throw your toys out the pram. Only shows how nervous you really are.

[aimismylife] 07/5/2019 18:35

Tony dnt think it will be much of a storm. If this was so de risking then there would be a lot of positions large positions being taken. At present seem some are just topping up and others are derisking.This may turn out to be a damp squib. You normally expect it to have risen in anticipation of the jda and then a mass sell off. At this rate it may well just be sell on news. I'm sure some are sick of holding. I can only see a mini spike up to 9p before a sell off and finish below where we are today.

[aimismylife] 07/5/2019 17:47

Tony key word there is Draft.......

[tonytony4] 07/5/2019 17:39

Quiet before the storm! Seems some are losing patience then again that's the risk you either in or your out!

Let me remind you “The final JDA draft is expected at any moment and the Company asks for investor patience during these closing stages. At this time, no material delays in signing the JDA are expected.”

Make what you will of it!! Gla

No ramp intented before the resident doubters start there nonsense!!!

[aimismylife] 07/5/2019 16:53

News not even out and yet many heading for the exits .....why.....

[cl0ckw0rk0range] 03/5/2019 19:31

Or perhaps AIMismylife because you are a sad little meaningless cloud.

[cl0ckw0rk0range] 03/5/2019 19:27

GE and CMEC. General Electric.

[cl0ckw0rk0range] 03/5/2019 19:24

Hah... ok, isn't the sizzling of the grill calling you? Seriously any investor here knows it's an investment which with GE and CMEC involved will be worth many multiples of the current MCAP so do yourself a favour.

[jagzoil] 03/5/2019 18:31

Using the word "few" as per the podcast post RNS means 2-5...so next week or week after is looking good. NOT months.