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#NCCL News EDM (National Utility) approved 300MW Grid Scale Solar Project tranmission route crucial for market to take project seriously, showing National Utility on board. inclreasing likleihood of realisation of largest proposed Solar project in Mozambique!
With news of Transmission Route Approval by State Utility, and Market Cap of £4million on Mozambique's largest proposed Solar Project, 300MW to connect to Grid, upside from here potentially unparalleled!
STRONG BUY imo.
#StocksToWatch #StockMarket #StockMarket
hopefully CF ..... this time rodders next year ...... with PREM and maybe NCCL starting in anger maybe just maybe
Are these big buys or sells ?
Must be buys the SP's holding firm.
I was wondering the same, they look like sells, but the sp held up considering.. same ol same ol, the usual uneven playing field of aim.
#NCCL RNS Converting loans to shares = HUGE confidence shares will be worth more than loan interest
Note: Mozambican State Utility just approved transmission route for Company's proposed 500MW Grid Scale #Solar Project, largest solar project in Moz!
#StocksToBuy #stockstowatch
CF73 - all this is going to do is drive the price back down again , every time we get some sort of appreciation in share price we get this sort of news release.
What is the Volume Weighted Average Price (“VWAP”) on the thirty days immediately preceding the date of the conversion notice ? - less than we are priced at now and then they get a 25% discount on that price. Off course they are going to convert.
How much dilution will this add? and there is more to come.
Sorry but not as happy as you are with this news and the timing of it.
CF73 - why did they not wait 30 days or so to see if the price increased to higher levels before they released this news ?
Thus the 30 day weighted average price would be higher and much less dilution ?
Hanno keeps on saying he is doing everything in his power to minimise dilution to the PIs but his actions say different - he was in control of this release i.e. it is insiders who want to convert.
I hear you glenmorangie. It is disappointed at one level, for sure. But they may well have a future bottleneck of news. The recent news of Transmission Route Approval by EDM points to - as someone else said - a rubber-stamping of the Solar Project, with news due on agreed solution for connection and tariff. So they have to get this conversion done before that news. That said, yes, I agree. There has been considerable further dilution, including every time we look like we could be getting SP appreciation, they do something to kill the SP again. But we are on the right track finally and hope they have good sense/ decency to consider LTHs who have been diluted again, in such future transactions.