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The price action yesterday could be indicative of another director buy order being placed at 4p or slightly higher.
Indeed extrader.
The BIG donors - World Bank, with certain German and Norwegian agencies watching - and Government-to-Government processes and understandings, will move this to a conclusion in the nearer future than some folks think.
There is a lot of work to do get the Ncondezi Power Project up and running, including delivering power to Malawi. Given there will likely be challenges in the actual building/ construction stages, they need to agree to a deal with NCCL as soon as is possible, so they can move on to the next phases.
This all brings into view,
1. Synergy, to unlock value here (regarding Tariff and Subscription Price and - you never know - perhaps a sale of soem or all of the remaining 40% we are meant to be keeping). The timing of the Synergy Agreement is critical, especially, as we have since been informed of the very sensitive nature of present negotiations)
2. Looking further back, that $1.8m that CMEC provided for the additional drilling survey at the project, specifically:
"Additional survey drilling required by CMEC to complete Chinese Government approvals for their investment in the Project"
https://www.investegate.co.uk/ncondezi-energy-ltd--nccl-/rns/-1.8m-agreed-cmec-accelerated-development-budget/202011160937564229F/
Surely not just for working out how much is there and what quality - so CMEC can check for itself - but also, relatedly, to help CMEC value the coal deposit/ mine (for dmonestic use and export). They probably have a good fix on that now, hence - and am guessing again - why NCCL has been able to move onto the Synergy Agreement - haggle over the price(s) over whatever specific range of possible deals they may be discussing.
In case they looking in, am suggesting, please sell the lot - coal mine and the power project, along with solar project, lock stock, for >65p per share.
Much appreciated!
With the cross-border implications, there' ll also be 'face' considerations coming in to play....not to say donor agencies pushing behind the scenes to keep things on track.
There is already a PPA in place for power trade/ sharing between Malawi and Moz, with this Interconnector a key practical element.
As others have said, there is a lot going on in the background. Following all that, joining the dots, should show that we are headed towards a positive outcome and in the near future -- all in my opinion, of course.
Good work garykc!
I can't buy any more without literally being all in. But I am confident of a positive outcome in the weeks/ months. They need to wrap whatever processes involved in the NCCL programme with CMEC, this H1 2021, in my opinion, as they have to start building things, if power is to be available as per Moz Power Plan. That power plan, crucially, involves agreements with Malawi, as that is where the Interconnector, in particular, is taking some of the power coming out of Tete. So they can't be stalling and haggling forever, as they have formal contracts and promises to be keep to.
Managed to get a small top up today. Only 94k but all helps.
Agreed BENJAN1!
Reassuring that NCCL are tweeting this directly.
We may require patience, but this is on and by my calculations massively undervalued.
DYOR - lots of information out there to join the dots
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"Progress continues to be made on the #Mozambique #Malawi interconnector, which runs past the #NCCL power project and is due to be commissioned in 2022"
https://twitter.com/Ncondezi_Energy/status/1382269455183581184
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Worth remembering Substation (as part of the Interconnector Project) is at Matambo, right next to the Ncondezi Power Project (which NCCL are essentially confirming here!). Moz-Malawi Interconnector to carry power out, from the Tete/ Matambo Substation. Interconnector funded by World Bank administered grant ($127m: approevd, FC reached 2019) and is at 'construction stage'
This infrastructure going ahead, means power project going ahead, in my view.