GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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NGP launches feasibility study for up to 300MW solar PV power plant plus BESS ("FS Study")
· FS Study requires approximately 4 months to complete and will be led by WSP Group Africa (Pty) Ltd ("WSP")
· Solar Project to be located within Ncondezi concession area with 3 preferred sites of c.500MW generation potential each already identified
· Solar Project uniquely positioned to fast track first power to the grid as early as 2024, leveraging existing advanced stage development work
· Estimated pre-money NPV of between US$60m and US$65m and fully diluted cash flows of between US$130m and US$180m over 25 year period
· All Mozambique permissions and approvals received to commission FS Study
· FS Study expected to be funded through available capital following completion of the Seritza Limited ("Seritza") working capital facility term loan restructuring ("Restructuring")
· Working capital position extended to October 2022 subject to the successful completion of the Restructuring and taking into account the working capital requirements of the FS Study
the low market cap is crazy compared to that NPV RNS ,I expect a big big re rate here.
Anybody know what the free float is? Small volume of shares sold or bought seem to have a massive impact either ways.
i have target of 5p in here. still far away but we are moving on the right direction and sentiment is turning. we still low mcap and our director has large chunk of holdings in here.
happy to continue holding and will wait for 5p or more.
1.75 ask
Can't sell a bean on HL. Not that I want to...
Should of averaged down
That was a massive jump, could break 2p shortly
1.75 in auction!
Wow....Hopefully rise will be sustained...GL All OF
This has traded at nearly 10p so after todays news it must be worth a minimum of 5p+
Actually its over 100% in 26 mins of trading could be north of 200% today
It’s already up over 50% in less than 30 minutes of trading
The news is excellent, no reason for it to drop next week.
#NCCL Market Cap c.£5m only with huge 300MW Grid Scale Solar Project Feasibility Study commencing, and BIG NPV numbers. Just 4 months to complete Feasibility Study. First power to grid c.2024.
Major investment opportunity from these levels and derisking of company and investments so far.
Timescales to increasing shareholder value shortened, via solar power which is eminently investable (and has huge suport on Mozambique), where there is still massive generation and connecitivity deficit in Mozambique, in neighbouring Malawi and across the Southern African Power Pool (SAPP).
This one can and will happen, with news in short order!
Hurd
1.20 - 1.25
Flying now!
Now in auction at 0.90
Already 0.90 ask
Hopefully we will see a nice long awaited rise today
Should see some good gains here today.
RNS OUT!
Ncondezi Chief Executive Officer, Hanno Pengilly said: “The proposed restructuring terms provide the
Company with a potential non-cash solution and protects existing working capital. The loan conversion terms
are considered attractive versus other refinancing options currently available to the company. The restructuring
follows positive progress on the Company’s solar power initiative which we look forward to providing a more
detailed update on in the near future.”