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#NCCL News EDM (National Utility) approved 300MW Grid Scale Solar Project tranmission route crucial for market to take project seriously, showing National Utility on board. inclreasing likleihood of realisation of largest proposed Solar project in Mozambique!
With news of Transmission Route Approval by State Utility, and Market Cap of £4million on Mozambique's largest proposed Solar Project, 300MW to connect to Grid, upside from here potentially unparalleled!
STRONG BUY imo.
#StocksToWatch #StockMarket #StockMarket
Losing? Lost it donkeys ago!
Just not worth selling and crystallising the loss now.
Not one trade.. says it all really, folk losing confidence in HP
Looks like no one cares, nothing NCCL does has any point to it, the investor podcast (LOL) no one will tune in, if you send questions in that the Mugs on the Board find difficult. They wont get answered, indeed probably a heap of pre planned already questions, for Snake Tongue, pengilly (or however he spells it) to waffle on about, in his Public School lisping style.
Made me laugh Investor seminar, so share holders could discuss the BUSINESS. EHHH
Business, LOl. A Business buys and sells, has cash flow, creates value, this S@it Show is no business. NCCL and its Directors are A Parasitical entity, the hosts it feeds on, are us muppets, who at one point thought there was a business here.
Incredible to witness the Marie Celeste just drifting along, no trades, no posts, no interest nada.
More snouts in the trough.
Rest assured that all monies raised / generated will always be thrown in the trough.
Anybody who ignore the extensive history and thinks NCCL is an investable company is an imbecile.
Expect more dilution in April. Maybe Nccl should just boot Hanno out and shut up shop, ive accepted ive lost probably 100% of my investment. S@it happens and NCCL is most certainly a S@it Show. Tedious, repetitive, boring, worthless and corrupt. Well done Fletcher, you have now Tarred yourself with the Same Brush. IE an AIM cesspit director, out to extract monies from genuine people with generalised, virtually Fake info, they base their decisions and trust on.
Yawn, that RNS went down like a sack of S@it. Roll back 5 years and its a virtual duplicate of employing a consulting firm to consult on the now derelict power plant. OHHH and it was a directors firm, indeed same director, this stock is the biggest heap of Junk I ever got involved in. Stuck with a load of worthless, junk shares that no body is interested in. No trust here, no belief nothing. Pengelly sounds sort of sincere, but sort of is like saying. He is full of S@it.
Having been in Polo Resources years ago and actually made money from it but was sold to the current clown in charge who has never returned any thing back to investors and been getting an extension on the phulbari project for years on end in my eyes they would be better putting solar panels on it and running hydrogen generators be much cleaner cause coal is on its way out , I hope the clown in charge of nccl doesn't sell us down the road on this one .
Actually Daisy the two companies seem remarkably similar.
£xxx millions raised to launch money spinning coal projects. Years/decades later no sign of any operational coal projects and ((£xxx - £x) millions have transferred to a few delusional chumps how hold the £x million and still think they are sitting
on a ten bagger.
Puts me in mind of the old grifter maxim - if you don't know who the patsy is - you are it.
Crouton Factor- there is no comparison between the two companies.
Dream on..
GCM who have the coal and popwer project, at Phulbari in Bangladesh, today announced an extension to GCM's Memorandum of Understanding (MoU) re: the Coal Mine Development project.
We know NCCL now pushing on their coal project, exploring JV or sale (with parties engaged, I believe, at early stages). GCMs news shows that China remains open to coal mine development (i.e. there is no blanket 'NO' response to foreign coal mine projects - GCM shows this).
Could get interesting...very interesting!
---------------
'The Company advises that, further to its announcements of 23 November 2021, and 2 June 2021, Power Construction Corporation of China, Ltd. ("PowerChina") has agreed to an extension for a period of a further 12 months from 6 December 2022 to 6 December 2023 on the same terms as the previous memorandum of understanding ("MoU") which is primarily focused on the Phulbari coal mine development. This will allow PowerChina and GCM to determine the modality for PowerChina to become a Mine Development Partner, subject to the approval of PowerChina internal compliance and all other relevant regulatory agencies.'
https://www.investegate.co.uk/gcm-resources-plc--gcm-/rns/mou-extension---phulbari-coal-mine-development/202212120700032978J/
Those Shares from the Placing should've been admitted to the market at the start of the week, and definitely by now. However, there doesn't seem to have been any major selling (some selling, yes, but not huge in the scheme); no huge rush for the door to get rid of Placing shares. That's good to see in my book.
1. So Valuations for Solar Project are now in, and demonstrating significant upside.
2. And the placing is done, NCCL funded till end of April, 2023.
Current SP has got to be close to the absolute floor here. And even if not, still represents HUGE upside, in light of the two above points.
Good luck folks!
apols, typing on phone on the train.
most of the placing shares still not soaked up by buyers, they got to be sold befoer breakout, with placing at 0.65p
market volume suggests market aware of overhang of shares & waiting for bettter price. ahanno also says solar project news not till q1 2023, where, december & january usually quiet months in mzoambique
agree potter,, some will be forward sold,as shares been available to makret. but overall volume since placing rns shows most of placing shares still to not soaked up buyers. we should see sp drop soon, to move these alomg
Some will have been cleared as forward selling.
, got to remember the 80, 000,000 placing shares hit market 'around 5 December 2022 ,'
will be overhang of shares, so time to buy is then, for mcuh lower share prices.
listened to the podcast. is good. but Q1 2023 when Integration news expected, wth offtake news after that, it seems
period into Xmas and just after is slow in miozamqbiue. so could be a while befor next rns
A very positive podcast, sounds good for the future. No mention of the sale of the coal, so I suppose if that is announced a massive bonus.
made mistake of buying loads in the 1p range. thought company finally makin progress
can see it dropping to 0.70p and lower. placing price 0.65p
Nccl are a very poor company, slow moving, but there is a potential upside. If it falls to around 0.7p i may consider averaging down.
Fully Funded he states? But only till the first 2 of his milestones are completed. As in at that point still a Million Miles away from generating any cash. Reminds me of the years we dredged along awaiting Tariff approvals etc. That never appeared, he sounded So sure then.
Lost faith here completely, its a Busted Flush for us holders, many currently holding way above 5p. If this ever creates any cash, by then, there will be over a billion shares in issue. I note Fletcher gets to buy again @ 0.6p, we don't. Plus plenty of Warrants thrown in to dilute us and insure the lions Share goes his way. If this has any wings, no guarantees as its Pengilly saying it has. Then being able to buy well under Offer in quantity would be the only likely way of ever breaking even.
More Money required in April with nothing other than a few nods from authorities saying they can use the Grid access points. Being the only progress.
I had hoped to say trade this without researching the company…… if I get my money back I’ll be happy no volume company appears in crisis great lol
They need to progress something Benjan. Otherwise April arrives and once more the coffers are empty. Fletcher I suppose is caught between a rock and a hard place. His average must still be 3p. He has got himself grafted into the Board and unless he revolts, he must play ball.
Hanno is BANG out of Order, masquerading as the Leader YET showing no willingness to do anything other than sit on the Throne of NCCL. Its a disgrace he never commits his own cash here, by the way that Cash use to be Shareholders, extracted in the Millions by him. P@ssed me right OFF today. SP here will be back to 0.5p by January. Ohh well What happens when one gets buried in a S@it Show with a Dead Beat Crew running it.