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Have said it a few times, but this stock tends to jump 10-20% when you have +500k buying pressure. We've seen just shy of that number today. This isn't linear of course and will slow with profit takers, but given the averages of most investors it probably won't let up until we're in the 5's. I'm hoping we can get to 4.5p in the next week or two before some of the well overdue news hits. Then a few 2-5m volume days post SHATS and we'll be well into the 5's. Add historical costs plus EPC contracts signed, combined with a new timetable with tariff agreement in Q4 and we're off to the races. This will get us to 7p and when the tariff is agreed we'll easily break the 10p barrier. But first we need SHATS finalised. AIMHO
A lot of things coming together in the next few weeks. Hanno himsefl has said that the next BIG news is most likely the SHA TS. This is great for confirming CMEC/ Partner commitment to the project, including the quity stakes they want to hold (Hanno went into detail about the relevance of this). This is being reveiwed right now, as the final draft done. At the time of Hanno talking, I would say they were pretyy confident on the outcome (at least as far as where partners want to be for now, and how much of their hands they want to show).
Following this, and following a great deal of work already being done, we have Historic Costs to be reported.
The combination of these is, a) commitment to the project i.e. the project is happening (and Hanno was more than relaxed about this); and b) being able to use some official numbers to finally be able to value the company (many will remember how the signing of the binding JDA came with no numbers, and the impact that had).
Finally, looking back at the recent interview, Hanno opened up about that the new head at EDM, saying that they had brought up to date with the project. I reckon the delay was down to something as chronically trivial as needing to bring this guy up-to-speed, just that they couldnt say at the time, with Hanno better placed to hint at this now. This also means - IMO - that the other workstreams have not been delayed/ held up (SHA TS, Historic Costs, EPC Contracts). Just that they needed to get this period out the way before getting to release those outcomes (this is just a personal opinion, but one I hold to).
Good luck folks!
I personally think the SHA TS is going to draw a lot of attention here. Will be an exciting day when it arrives (any day now :))
Up 12% on total of £15k of buys. Imagine what will happen to SP if / when the herd arrives!
Starting to move up. With any luck will be worth multiples of this level this year
National power/ electricity demands (with national/ local connections at still only 29%?) and Southern African regional demands, massive upside/ market for Moz-produced electricity.
Remembering what Hanno said, that all other large scale power projects (comparable to Ncondezi), have 'fallen away'; that our Ncondezi project is near newly-agreed transmission infrastructure, and that our transmission study (that was looking at how OUR power is to feed into the grid/ network ) work underpins recent goverment initiated tendering processes...
...is looking very good here!
https://southerntimesafrica.com/site/news/mozambique-re-energises-southern-africa
Harare - For nearly a decade, SADC countries have been in the throes of an electricity crisis due to several factors, including El Niño-induced droughts that depleted water levels in the Zambezi River – a major hydroelectric power source – that have left some countries in the lurch energy-wise.
Growing electricity demand has seen several SADC states in recent years resorting to load shedding that lasts up to 18 hours a day for a period in the recent past.
However, the situation has been improving and the Southern Africa Power Pool (SAPP) says this is thanks to Mozambique’s vast electricity generation capacity.
SAPP says while load-shedding has been significantly minimised across the region, nothing much has changed in terms of actual electricity output.
“Yes, most countries in the region have seen a change in terms of their electricity supply systems, (but) that doesn’t mean countries are now managing to meet their installed power generation capacities.
“The situation has been made better by Mozambique, as it is the only country that is currently meeting its installed power generation capacity and producing surplus to trade with other countries in the region,” SAPP co-ordination centre manager, Engineer Stephen Dihwa says.
Mozambique has installed generation capacity in the region of 2,827MW, but with a local access rate in the region of 29 percent, the country finds that it cannot presently absorb all that it is producing and this allows the country to make a tidy dollar by selling it to consumers outside its borders.
And on top of installed coal and hydro capacity, Mozambique is gearing for an energy boom in solar and in gas.
Gas in particular appears to be where Mozambique will position itself as veritable energy giant, and it is in the process of developing a liquefied natural gas project at a cost of more than US$20 billion, which has been touted as Africa’s biggest deal ever.
While the region waits for the gas development, Mozambique is already a major energy player in Southern Africa because of its hydro output.
“Most hydro power plants in Southern Africa where affected by drought, and now they are failing to meet the power supply demand. But that can’t be said in Mozambique’s case.
“Cahora Bassa Dam is one of the hydro power suppliers that was never affected by drought and it is doing very well,” Eng Dihwa explains.
“Water levels at Kariba Dam (which like Cahora Bassa is on the Zambezi Rover) are still low. During the last rain season there was a notable rise in the water levels, but it wasn’t enough for the Zambezi River Authority to change the water allocation for hydro power generation.
“Last year the Zambezi River Authority reduced water allocation for hydro power generation because water levels at Kariba Dam were becoming low and low due to drought.”
Kariba Dam is a major power source for Zambia and Zimbabwe.