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Early days yet for post jda bonus.
Whatever next part of the derisking process is the agreement of all parties on the electricity tariff.
It will be interesting to see how long that takes.
First electricity scheduled 2023 with the build time quoted as three years the first brick would need laying early next year.
Let's hope the parties talk a bit quicker now the jda is out the way.
D.
Still in shock of the Sp.... currently lower than its peak on speculation and I am holding onto a paper loss...... Farcical.... are people telling me this will go up in the next few days/weeks...... not convinced..... May even go down.... Its like a casino this place
Great stuff EyeGuy.
Going to be a good few days for starters
From 2014 RNS. Bear in Mind this was based on different plant design and 30% stake but should be close to what we can expect.
“Based on the Board's current expectations of the key project assumptions detailed above, the projected average annualised EBITDA from the Ncondezi Power Project is expected to be c.US$130 million per annum (nominal terms) and estimated net equity cash flows are expected to be in excess of US$2 billion (nominal terms) over the 25 year life of the power plant.
Good post CF. This is not like your normal aim co.
You have 2 huge companies taking a big interest in this project. The metrics work for Ge and cmec to put $600 million in. Project level funding from a variety of banks, government and afc likely imo.
No death spirals and dilution imo.
topsharepicks
Posted in: NCCL
Posts: 1,942
Price: 9.40
No Opinion
NCCL funding23 Jul 2019 13:41
What does NCCL have to pay and where do they get the money for their share of costs?
Shame you expected more this evening however this afternoon you had no idea what you were on about :-D hahahahaha the blind leading the blind!
Indeed EyeGuy
Hanno his self has said the project when live is expected to generate $250million to $300million annual revenue and generate $1.1billion to $1.4billion taxes and royalties over the 25 year currently proposed life time of the project.
These are monster numbers, uttered by Hanno in the past, and gives some godo indication as to why GE and CMEC are here (not to mention that GE get to install/sell their equipment, tech, infrastructure and expertise to the project).
Scalable from 300MW to 600MW, all the way up to potentially 1800MW,
And, as things stand, NCCL are keeping 40% (with our end of the debt financing to be led by the likes of the Africa Finance Corporation, who specialise in funding Africa-based infrastructure projects - includng and expecially, power - and who just happen to be our largest shareholder, holding near 18% of the stock).
Topsharepicks- look. It’s simple. GE and cmec have combined mcaps of $100 billion. They have done their due diligence over 18 months. They will invest $600 million for starters. They also have their own shareholders to look after. They are in it for themselves. If you were investing $600 million, would you invest it in a project worth £60 - 70 million. Because currently, NCCL’s sp is implying the project is worth that. But there is not a cat in hells chance that these 2 huge companies would invest this amount of money if the project was worth £60 million.
Only way forward here is a substantial rise in the sp to fair value.
I know for a fact that the sp was 2p. I remember someone buying at just over 1p
Debt financing so that will take the icing off the cake imo
Also that big late trade looks like a sell and the way the share price dropped looks like someone banked an easy 30% probably insider trader.
Shame I expected more but look back a year or so it was 2p so some may have made 5x
I’m second lol
i thought Biggest shareholder eyeguy
Biggest shareholder is AFC. That likely is all part of the plan. AFC fund these types of projects
What does NCCL have to pay and where do they get the money for their share of costs?