The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I like her. She is so vague ??
"When can you start construction?
"Very soon we must go on ground to do some further investigation, because our feasibilities are all in place, as I mentioned to you .. our lenders, there is a certain degree of, you know, work to be done on ground, vis-a-vis digging more holes, increasing the scope, to ascertain a few things, and so on. So that kind of work is going to start very soon, literally like, because that we can't proceed. So that work will start very soon and that will lead to the actual project. In fact we are already in the process of moving things on-ground, y'know, getting more staff on to the ground there, and so on. So things are moving in that direction."
Could there be an update (weeks/months) about things happening on ground?
> Her interview yesterfay on interactive investor. Said estimated at 2.8bill to 3.2bill usd for stage 1 mine and power plant. So she rounded to 3 given uncertainty
Got it, thanks! It's about 8 minutes into that ProactiveInvestor link video posted a bit ago. That's cost for the coal mine and power plant, all-in - plans, contractors, materials, build, everything. Then stage 2 would be the gasification and urea to fertilizer part. She says that as part of the CPEC they have access to funding "otherwise this would be impossible".
Then about funding, 9:05 in the video, interviewer asks: """How far down the track are you as far as firming up and confirming those finance discussions?"" She replies: """If all goes well then, we just need to conf.. you said it, we need to confirm the financing, I don't need the money in my pocket, the confirmation of this financing can happen quite soon because once we have the final agreement signed then the financing is confirmed, but then of course you have the lenders making sure of X, Y, Z, and so on and so forth.
Then it pretty much depends on processes and licenses and concessions etc. Once we have our final agreement in place, then the financing becomes automatic, because then it is subject to the conditions the lenders have placed, and then all the consortium partners have to fulfull their end of the deal and so on. So that process obviously takes its natural course, and its due time, but then we as a company are in a comfortable position because the fundamental arrangement is in place. Then by the time the financial close - so to speak - happens. that takes some time because, for a project of this time, the lenders need a lot of comfort."""
Well we live in a world where we are more like to follow more a good liar,
To me I prefer to hear a honest person more than a politician,
This will become very good,
Good luck
Her interview yesterfay on interactive investor. Said estimated at 2.8bill to 3.2bill usd for stage 1 mine and power plant. So she rounded to 3 given uncertainty
> CAPEX spend to get stage 1 mime off the ground is estimated at 3billion USD.
Where does that figure come from? Is there even a stage 1 anymore? In the RNS on 5th June 2019 titled "Operational Update" they said: """Based on work completed to date the Parties have now decided to develop the mine in a single phase of 8 million tonnes a year, instead of the original and ultimately more capital intensive two-phased approach"""
i.e. only one phase, and cheaper. That was the previous group of companies though.
It went on to say """Consequently, the power plant is now also intended to be developed as a single 2x660 MW unit and an application has been submitted to the Private Power Infrastructure Board on this basis. The required feasibility work relating to this refinement is being assessed with a view to determining not only the optimal revised mining plan, but also the most suitable configuration of the mine and power plant to minimise the costs of the development. """
Quite. CAPEX spend to get stage 1 mime off the ground is estimated at 3billion USD.
Its currently being run as a holding company on a £50k a month overhead company.
People thinking financial close on these happens in less than a year are living in nonsense land
I often see posters blaming investors for not reading up on the detail of this stuff before they sell. It's the responsibility of the company to make the investment case clear and concise. Selling damages the company. The investor may lose out without knowing if they are ignorant but the company is reliant on buyers who do understand the investment case and will lose out with sellers who don't.
get you .85 you out selling me :)
Iwhen giving Ash feed back I did say that the 12/18months had affected sentiment and if able clarification on meaning/understanding would be helpful if possible
ORCP investors really do need to learn from more advanced NCCL coal power project. The LOI (which is non binding) and JDA (with GE and CMEC - two of the worlds largest companies), did not move the share price, it just carries on drifting lower until FC.
Me too mate I thought it was quicker than that and sold some during the call at 0.85p as soon as I heard it. I then bought most of them back cheaper.
I am still holding a decent amount though and I noticed someone was block buying yesterday amongst the PI selling in a panic.
I think ORCP need to clarify it a bit better.
It may be simple to Tony but not everyone finds it simple. Many are also not able to listen in and go on the sentiment. The sentiment is damaged by a 12 to 18 months figure. That's simple.
6? Million?
mrcarrick,many thanks and hands up I was one of those thinking financial agreement/closure were one and the same. I did listen to the telcon but the quality was rather poor and have to admit when I heard 12/18months I lost some at .824 and put into ujo....prudent ha ha oh hindsight lol but it wasnt huge and still retain near 6 here but really appreciate clarification-cheers.
All you who are invested need to do your research @Naheed_Memon is correct in saying 12-18 months as bank guarantees etc take time and bank requirements. The funding will be given the go ahead at the JCC meeting with the JIA but execution will be in good time. Investors research!
Its simple the financial close will not be at the JCC meeting but the higher officials will agree to the financing go ahead, People who bought thinking otherwise should sell if they can’t wait that bit longer, many misunderstood between financial close and the go ahead.
Major news is the LOI then the huge news is the JIA signed off at the high official meeting, Hopely we get a article out first to say agreement signed before its RNSsd for max impact just like last time when @OraclePowerPlc had to confirm rumoured article #Orcp thanks alot
any chance of posting the link please?
In response to ORCP and Mms tweets yesterday. Worth a read and if he is right all seems good.
ORCP need to clarify better that's a given.