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Imagine if GE came back to Ncondezi saying that they are still providing the equipment....What a message that would send to market, the fact GE are still supporting our 'little' project and in discussions with a £10m cap AIM minnow. Couldn't get a stronger indicator that the project is on if it smacked you in the face.
I'm optimistic that's coming, and if not then as stated by company there are others waiting in the wings
Indeed AlexE.
GE will not be supporting this project. Nor will they be selling off their equipment to support it as they will still be servicing EXISTING coal powered electric plants. NCCL is not amongst them. If you hold shares in GE please read their posts. They will continue to support existing projects. This is not amongst them. I am only saying put in what you can afford to lose. This has been a golden goose for years.....without any progress. Just delays...year after year. GE are out. Even Hanno admits to this
should read "no material impact"
you could very well be kicking yourself.
Where does it say GE have pulled out? All i see is an RNS saying Ncondezi will update us when they have heard from GE regarding the announcement they made.
Furthermore it states that there is material impact to project either way. Nowhere does is say GE are no longer providing the equipment
https://www.carbonbrief.org/analysis-will-china-build-hundreds-of-new-coal-plants-in-the-2020s
Meant to say 250,000 shares. Hoping you could read between the lines. That was what was remaining after 750,000 shares from 4 years ago. I have lost patience with it. That is all. From the last days of Carillon...shares gathered momentum. A major player is out. GE. This is a gamble. It is like betting on a football team to win ,who have lost half their best and reliable players in a stadium which has not been built yet. There is an established coal electricity plant in Mozambique already....struggling to turn profit. I have been here for years & seen 10p a share without all this news. The MMs are generally not wrong. This was hovering a few years ago around 5-6 p per share. Topping 10p. If you can afford to gamble I would say yes. To people who cannot. I would sell. This is a very speculative share. Even more so now GE has pulled out. Not one bit of ground has been dug. By the time another supplier can come along, The Government may have changed again in Mozambique. If GE has pulled the plug I am out at a huge loss. If it comes to fruition of course i will kick myself. Personally I am suspect of how every other company is losing on the SP, this is gaining after such news which will put plans back at least 18 months. Remember who holds the purse strings ...Not you the investor if this goes tits up. So gamble. If it pays out I will be happy as I still hold what I can afford to lose. If heavily invested. There are plenty of red flags to a seasoned investor.
Kinna wrote in his post: Offloaded remaining 250 shares & reinvented elsewhere. How much in £ for 250 shares? How to believe what you said?
Hi kinna,
Welcome aboard and thanks for honouring NCCLwith you first Post !
You write with seeming authority and experience, if you’re free to say are you connected with the project in any way ?
ATB
I have been a holder here for sometime. Gradually selling these off at a loss. Soon as GE news come in I offloaded remaing 250 shares & reinvested elsewhere. Wish I had sold at 10p if any remember that time. I have lost patience with Hanno who has been syphoning off NCCL for his brother. Missed targets etc. Also looking deeper & invite everyone to do so. Less than 50% of Chinese coal electric power is running at a profit & there is a running coal power electric plant in Mozambique already. I would not be surprised if CMEC do an about turn. It is very difficult to sue the Chinese. If CMEC is having difficulty turning a profit in China I doubt if they see Mozambique as a gold mine. Reason people sold is because this is real money involved. I do not trust NCCL been a holder for 4 years. I honestly do hope for those involved it takes off & you bag your riches. This though is Africa on AIM & a few of us have been burned before In these times I will not speculate my hard earned cash. Reading reports from GE they will not be involved whatsoever in this project. Info from Hanno has been scarce. This share is not undervalued at all. It is a **** storm that has cost many of us 1000s