The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I'm more concerned with the timing of tariff approval. We can get the historic costs, EPC & O&M, and the transmission study submitted, but the most important thing is to hear from the company that they've received a commitment from gov.t & EDM that tariff approval will take place this year. If we get more wishy washy cr@p then I don't see a sp re-rate. We know our partners are committed. The key is Moz commitment.
We are not overdue with anything since last updates - not yet any way.
Should say, I'll be surprised if we get all of that listed news this month. My main focus is the Historic Costs. That is what I want to see. For me, that put together with SHA TS, places us in a great position. SHA TS confirming CMECs (our global-level Chinese partner) committment to the project, agreeing to their 60% stake. Historic Costs helps us to begin to value the company, where, up till now, we've had little means to concretely determine this. In other words, once Historic costs are in, we know the project is a) happening (already the case!), and b) we can put some kind of value to NCCL (i.e. with Historic Costs expected to be c.$25m - where our market cap is c.£14m (then add Subscpription Fee and our 40% stake to the $25m!).
We have also heard, interims are also due. So, we can see how there is a lot going on. However, right now, I remain focused on hearing about those HIstoric Costs.
Good luck all!
There's also the binding EPC & O&M submissions. This was due end of Q2 alongside historical costs (and tariff approval believe it or not). Providing we get these pieces of news and an update on tariff approval that says Q4 (at latest) then everything will be fine. The tariff approval is the key de-risking milestone. My target is minimum 10p when this happens.
I wonder if the timing of the transmission integration study update has anything to do with the 22nd September deadline indicated in the EDM transmission line tender docs?
Hanno's last interview he said 3 bits of news this month, its not Oct yet so it isnt really overdue yet, but in true NCCL style it is always last minute or late. If my mind serves me right we're awaiting;
Update on historical costs
Update / feedback on transmission study
Update on tariff
interesting next 7 trading days.
Agreed it's even testing my patience now =D
is (over)due Hanno. No Covid excuses this time as it's all overdue news and some of it is completely in your control. If ever there was a time to step-up it's now.