Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Nearly in September and NCCL reporting back re the Solar Projects initial Study Data. Looks promising here, will be adding if I can buy in Volume.
As per https://www.bloomberg.com/news/articles/2022-08-05/china-warships-cross-taiwan-strait-in-sign-drills-continuing#xj4y7vzkg China have now halted talks on climate change with the US. Get ready for a big U-turn on their policy of no further investment in overseas coal projects. The #Ncondezi coal project will get the go ahead on funding... make sure you have your entry ready for the big RNS
Company remains funded to October 2022.
Scott Fletcher must see something here to put the kind of money behind NCCL that he has, which is the only thing I am holding on to given I’m so far underwater now it’s not worth selling!
I’m hoping this “shareholder loan” doesn’t end up with the joke of a structure like the last solar project!
SP holding up well (only 7% down) after a relatively poor RNS. Might consider a speculative trade if the price drops below 0.9p...
No she isn’t
I think the sellers have had a proper read of the RNS. Back down to sub 1p later.....
That was a good RNS Update in my view Chris. Establishes from confidence around the loan and some firmer foundations for the SP and company.
Will be interesting to see what else might happen between now and September. Good luck folks!
buys coming in
:-)
Drill8, I see that you managed to get a hold of the Annual Report & Accounts, specifically the risk factor section. So if you read though the full report and PRs this year you will know as much about the Company as most on hear. Happy reading.
https://www.ncondezienergy.com/regulatory-news/
glenmorangie wrote: "drill8 - and your point is ?"
I try to learn as much as possible about Ncondezi and the country where it is present.
drill8 - and your point is ? All companies list there risk factors in their annual report. If you only read those pages in isolation when analysing that report, you would probably not buy shares in most companies especially the AIM market and in particular mining stocks.
https://www.ncondezienergy.com/wp-content/uploads/2022/06/2021-Annual-Report-and-Accounts-1.pdf
A good list of the risk factors can be found on pages 20-24.
Could just be a touch of alzheimers....
Drill8 - what is your agenda on this board ? - how many times are you going to point out political upheaval in Mozambique ?
LT Holders have known about this situation for many years, it has been brought up with management at Investors webcasts. The Company would have to release a RNS if they considered any resurgence activity potentially impacting on any of the projects.
BENJAN1 wrote: "Beware, as there are many risks attached given the location of the project and funding."
This is a important line. There is very serious political upheaval in Mozambique, the location of the project.
Demand is there, everywhere for #NCCL power. Lesotho drawing power out of Mozambique while Moz remains with only 44% connected.
The need for grid scale solar and conventional is clear. Solar opening the way for #NCCL. Updates on its large 300MW Solar project (with 3 x 500MWS potential) due soon.
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‘Lesotho [..] constructing big dams to export water and generate electricity.’
‘[..] because we do not generate enough for our own use, during peak periods we import five percent of our needs from Mozambique’
https://www.herald.co.zw/countries-share-experiences-on-energy-security/
HUGE regional energy demand & markets. But where's the new energy coming from?
Moz itself short on supply to own people, with inly 44% of its folks connected and many on unreliable sources. Moz and regional neighbours all need more power and baseload too. Solar eminetly investrable in an area with HUGE growth potential (is why NCCL have dientified 3 x 500MW preferred sites!)
#NCCL
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'Zesa strikes 300MW deal'
'Zesa internal document showed that the power utility will import 300MW from Mozambique and South Africa'
https://www.theindependent.co.zw/2022/07/22/zesa-strikes-300mw-deal/
Going to be allowed to get back to where we were - the MM quoting on here killed the SP for their own agenda as they didn’t have the stock last Friday to cover when we were soaring to 1.90. Quote now a more a respectable 1.15 v 1.25 but this is why AIM stocks get a bad name not the companies but the market maker vultures managing the quotes.
IMHO DYOR GLA BUYTHEDIP
Yes drill8, that’s correct. He wouldn’t be involved with this company at all if there was nothing in it and he didn’t believe he could generate multiples on his equity.
He’s had plenty of chances to write this off and walk away. Contrary to the belief of others, he did shareholders a favour by taking the previous off grid renewable energy subsidiary out, in order to provide much needed working capital.
I appreciate his last purchase wasn’t huge, but it was a further demonstration of his commitment. He’s a shrewd investor and I’m confident he will help bring this opportunity to fruition.
I’m a LTH who believes this company will deliver, there’s plenty of reason to doubt it and ultimately all investors/ traders need to establish the risk/ reward profile that’s appropriate for themselves.
BENJAN1: The last purchase by Scott Fletcher (SF) was on 9 May 2022.
He bought five million shares at £0.0125.
SF is currently the top shareholder. He owns 81.8 million shares (20.06%).
The historical costs will NOT be reimbursed ie paid to NCCL.
The costs will be credited to NCCL's 40% share of the project build costs which CMEC will undertake.
NCCL will need to finance the remainder of any build cost and this will be by way of a share issue or a negotiated project % giveaway from NCCL to CMEC.. NCCL will in effect have a free carry in respect of the build costs.
The big question however is whether CMEC will make an offer for NCCLs 40%... this offer would factor in the value fror any backdated costs etc as it would need to be sufficient for NCCL to bite.
In the light of the solar project could there be a sale of the C2P project to CMEC with NCCL retaining the site concession allowing NCCL to fully fund and develop the Solar project as a standalone project.
Lots of possibilities coming our way.
That’s a v good question! IMO, based upon historic knowledge and crude analysis he sp should be 5p plus on recent news and potential.
If the coal to power project is funded and delivered the price should be north of 20p.
Beware, as there are many risks attached given the location of the project and funding. There is lots of publicly available information to research, which shows powerful entities are involved in making sure power is delivered from this site (CMEC and AFC).
The crucial factor for me is Scott Fletcher’s holding, his role as NED and that he continues to buy shares in the market.
BENJAN1: What is the current fair value of NCCL ?