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Looking Strong.
Added a few more today. Looking very likely a BIG RNS is inbound. SP should react extremely well. Once buying starts a Re-rate will occur quickly. My target initially is 4-7p
News cannot be far now waiting patiently gla.
https://clubofmozambique.com/news/president-nyusi-opens-mozambique-gas-energy-summit-224724/
There where multiple rises that included funding for the solar project , you need to read all the RNS details from a wider period of time.
The original project was funded $1.189m and we sold it for $1.3m to avoid a fundraising and dilution at a low price and give us more runway. You can see these numbers on page 22 of the interim report.
Scott offered on multiple occasions on investor Q&A calls for someone to take it off his hands
Hi,
Not cross ramping, I was pointing out CGO are also a UK listed coal company who actually started mining in Africa and have in place a small off take agreement.
Can you show me anywhere where the solar project was offered to shareholders?
Can you show me where they made a profit Vs what was raised and spent?
I would suggest your post could be misleading and I would recommend you look back at the RNS information to see what really happened.
You obviously have an agenda Stan making up false information. For example if you actually followed the company and checked the accounts you would know scott actually paid a slight premium for the old solar project compared to what was spent and he done it as a favour to keep the company afloat. He even offered it for sale to us share holders or anyone interested for the same price he paid. And how funny and desperate you feel the need to cross ramp another company.
The coal project looks dead.
They have been talking with the Chinese founder for years
The Chinese firm knows NCCL have no money and nothing to offer other than the licenses which NCCL can lose if they don’t develop (I think that’s one of the terms with the Mozambique govt permits?)
Another solar project comes across as an excuse to keep the company going, raise more funds and keep the CEOs healthy pay packet going
Will another solar project end up in the hands of the director Scott Fletcher again?
Will the market lend them more money for a solar project based on what happened last time where they raised around £3m to build the solar project but sold it off for around £1m?
Is the best thing for all concerned (except the directors remuneration packages) to close the company?
If you want a up start coal producer the company to invest in is Contango (CGO); NCCL are miles away from doing what Contango are currently building and selling.
Thought we would have more interest .. very suspicious.. are we not due an update here .?
Fund raising this calendar year?
Moving into mid September next week, we should receive details of the Solar Study. I would expect buying to start shortly in anticipation. All being well, it will be Positive, Comprehensive and propel the SP into a significant uptrend.
Yesterday drop was over done my thoughts
Just waiting for the initial feasibility study results and the interim results this month which will probably all tie in together with the loan
On here
2 UT trades today def trying to keep price down
Small sells trying to keep the price down ???
When will they need to raise funds?
Before the year end?
Steady small buys today
The small buys are starting... same sign as before watch the buys increase and this booms again
Well Done, great price someone else just took a few also at 0.9p. Looking good here.
Topped up good price 0.900
Yes a positive RNS will send the S.P far North of its current low. All looking positive for NCCL lately. Expect a re-rate imminently.
With it being the last day of August and the feasibility study preliminary results due September I expect to see alot of buys with people loading up ready big boom in shareprice. Estimated NPV of $60m for the solar project alone and current market cap currently only £4m its a no brainer. Buy buy buy
Hi please may I ask when is news due and what are we expecting.?
Not many trades at all on this recently .. sells