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"great price to buy and hold"
No....it ain't
great price to buy and hold
.
08:05:26 0.9425 2,000,000 Unknown* 0.90 1.00 18.85k
this is buy
now 0.92 buy showing as a sell
A 1.6m trade came after hours - it looks like a buy as there is no way they would give you .95p to sell that amount at the time.
Looking at yesterdays trades in general it looks like someone was constantly hitting the bid with small sells in a very thin and illiquid market.
I do concur that some price manipulation occurred yesterday therefore, let us see what today brings.
Sheer at utter market maker manipulation - they bring a stock down 20 + % on approx 0.25% trading volume against the O/S and some of them were buys.
No point selling at a loss. Everything can rise in one day.
Both. What a ****ter this has turned out to be. Even tried to bail today for a 75% loss but couldn't even sell 100K
Year low or new low ?
(-17.02% Down.
Indeed
Do your own research
Or take the risk with that last 10% that the project will come to a successful conclusion with NCCL having a 40% share…
We all make our choices Stan, and you have chosen not to invest…but thanks for providing us with your risk assessment.
Indeed, but NCCL have had long enough to network and build a compelling case with the Mozambique government; the leadership at NCCL have failed.
Worst of all they have failed with lots of small shareholder funds squandered.
The BOD have sold the solar project to the biggest investor (Fletcher) on the BOD at a substantial discount compared to how much was spent setting it up; one may argue they have sorted themselves out along with the continuation of a generous renumeration package for Hanno despite achieving nothing to date,
When no one from the BOD will lose out when NCCL goes bust, small shareholders have a major problem.
Lose up to 90% of your investment now or 100% in the near future?
Total is a major international energy co and a protege (some would say ‘arm’ ) of the French Government.
To expect lil’ ol’ NCCL to have the same clout seems fanciful, IMO.
This reminds me of the famous Two Ronnies sketch 'I know my Place'!!! Except that was very funny and this is definitely not!
Hi Glen,
Thanks for the reply
I would slightly disagree with your synopsis
While NCCL are the smaller party vs CMEC, a more successful leader would have built relations, seeks out alternative partners, grown closer to the government, etc.
Furthermore NCCL have wilfully acted like the lesser party, the company strategy from its finances to timescales and business plan have always been to its own detriment.
Am good example in Mozambique of a well lead company is Total who have built very strong connections with the government despite Chinese rivals trying (and at times in interesting ways) to push them out and take a large piece of the LPG fields.
NCCL got dealt a half decent hand but have managed to mess it up and now look likely to go bust.
It didn’t have to play out this way.
I meant message not e-mail
Hi Stan,
I think it is totally out of his control at what pace this project moves and wither or not it eventually gets signed off.
Did you read my previous e-mail ? All those contractors that I had nearly completed T&Cs and negotiations with, were told ihe project had been cancelled and there was absolutely nothing they could do about it.
By the way some of those contractors were multi-nationals but were powerless to influence our decision.
So how much influence and power do you think a Company our size and Hanno has over CMEC and EDM ???
We have to hope that the campaign by most of the world against carbon generated power is put aside regards this project or do you think Hanno should have been able to influence that as well.??
Hi Glen,
Last October you wrote
I think NCCL are doing a v good job - not only for bringing this to the table but getting such big hitters involved and co-ordinating efforts to date. Hopefully not to long before these efforts will be rewarded. Glen.
Over a year later, do you still think they are doing a very good job?
You appear to think Hanno is earning his salary.
All the best.
Glen, Maybe you would like to tell us what Hanno is actually doing to justify his $540k salary??
Hi Pirate - we are now at a stage in the project where any updates are going to be dictated by the actions/decisions of CMEC or EDM . Do you not think that Hanno would communicate any material changes to the current status, if there had been progress and he was allowed to do so. Of course he would , for a start if it was positive news, then it should have an impact on the current share price, which everyone wants to see.
This is out of our Company's hands and to to certain extent always has been.
I work for large multi-national in the commercial dept, responsible for contract formation, negotiating contract T&Cs and pricing.
I am currently working on contract completion on a project that was pulled in 2018 at the 11th hour, after we had nearly completed all the commercials with all the main contractors. I had absolutely no idea this was going to happen until it did.
The reason it was pulled was based on a decision from the top to build a $billion plant in South America. Mostly all available funding went to that project and many projects in Europe were pulled until now.
If I didn't know that decision was going to be made back in 2018 and I work for the bloody Company, what chance has Hanno got of giving updates on a project that is being governed by the major players
Something else, I don't know of any small companies like ourselves that are involved in a $Billion project, that is at this stage of potential sign-off . Highly unusual.
It's time for people to either place their bet and hold to see what happens or move on. I am down significantly on this stock, as probably many are that still hold but what I am not going to do is ***** and moan about the current situation. I am responsible for my investment decisions and could have got out of this stock with a profit years ago but didn't, my choice.
.
If he continues with that sort of salary, we will never make H2 2022!!!!!
PP - Hanno cites shareholder engagement and PR as one of his 'special skills'. He trousered $540k in FY 2020 on the back of it.
What is getting up most peoples noses is the complete lack of engagement this company has with its investors. As the CEO Hanno is in charge of that!
Can't believe people in this board are blaming Hanno for not being able to control or dictate to large multi-nationals or an African state department. They will determine what rate the project moves at and if it will eventually get over the line. His job is to try and accommodate and support project objectives and hopefully at the end of all this we will have value and a decent share price to reflect.
Unfortunately CF73 the only thing that is 'huge' is NCCL's lack of credibility.
This is just the same old drivel that has been trotted out quarter after quarter, year after year until there is no more money in the trough for Hanno to bury his snout into.