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.
Signifcant things in the pipeline. Recent delays and appointment of new chairman at EDM, and the " We are very excited about the developments to come over the next 6 months ....and expect plenty of newsflow between now and the end of Q4..." can't be a coincidence, in my view.
Exercise price is always material, especially to our meagre bank balance. I'm guessing they were nil value options given the 10p options were rns'd previously. News is due Hanno!
"very excited"
Strong language for the normal Laissez-faire communication style of NCCL - bullish
Hi all,
Elizabeth Johnson of NCCL IR has come back, inter alia with .." Had the exercise price been material it would have been announced. I appreciate why you are asking but as it has not been announced we are unable to share this information with you. I can confirm it was share options that where exercised not warrants...."
So share options. I'll have another look and see if that tells us anything.
Meanwhile , on a more cheerful note, she concludes : .." We are very excited about the developments to come over the next 6 months ....and expect plenty of newsflow between now and the end of Q4..."
ATB
We are heading towards 4p and over. Not long and about time.
Thanks for following up extrader. As per CFs note, it would be appreciated if you could share whatever you learn from mgt.
Looks good again this morning. Be nice to get back into the 4s!
Extrader, good point. That would be interesting to know,
If you learn anything, keep us posted, thanks .
Hi CF73,
To be clear, I'm not concerned re NCCL's funding, just that - given the 'technical' issues - it would have been helpful to be more open about what , if any funds, were raised by option exercise.
Apart from anything else, we might be able to work out from price who exercised, which could be a useful nugget.
ATB
The shareholder loan has is just that, a loan that has largest been provided by NCCL shareholders, who have rolled it over without fuss several times and will do so again.
We have raised £650, 000 plus another £74, 000 to cover some debt May 15th and are funded to the ended of the year. We remain in a strong position (with in mind that we get to learn of historic back costs on Q3/ perhaps August time).
Am also encouraged to read how swiftly CMEC is moving as part of China's Belt and Road Initiative, progressing discussions on projects around the world. No different with Ncondezi.
Watch this space.
Only the options issue, focussing on the possible fund-raising aspect as being germane in context of (a) 'going concern' qualification, (b) Shareholder loan uncertainty and (c) 30/6 expiry of balance of o/d facility....
If no funds have been generated from exercised options, that'll make the solar investment issue look all the more 'courageous'.
ATB
Hi extrader, the issue of not mentioning the value of the options exercised, or Hanno investing shareholder money in his brother's company :)
Hi G_G_G,
I've sent an email to the Company cc Liberum over the weekend on this and related issues, will post any reply.
ATB
CF, if the options are exercised at nil it means the holder has paid nothing for circa 500k shares. So no money to nccl's coffers, but an opportunity for the holder to sell them at profit now or in future. Now I'd like to believe they were 10p+ options and the holder has exercised them ahead of a stratospheric rise. But I highly doubt this is the case. I would also think Hanno to have the good sense to mention in the rns if indeed this was the case. Even if they were the cheaper 5p options it would be worth mentioning. But nothing. So with my reality hat on I'd say they're the nil value options. And no money to us.
As to the reason why the holder has exercised now, well it could be because the @ss is going to fall out of the company. Or they're preparing to sell on the next bull run. As a holder of a fairly significant chunk of shares I'm hoping the latter, as we all know how quickly this company moves with some solid news. It's just we haven't had any solid news since the JDA landed. I held 1.5m shares @ an average of 6p before the JDA and sold at an average of 8.5p so know the potential here. I sold out completely when Hanno started raising cash for his brother's company. And to make things worse he didn't respect PIs enough to extend the chance to participate in any of the capital raises since. So no I don't trust Hanno as far as I could throw him. But if he delivers on the main project, which is why I'm invested here, I couldn't care less if he later starts playing with his brother in the solar space. Don't get me wrong, it has potential as a business venture, but once the main project is delivered I'm out (hopefully bought out at circa 20p).
Reality is we're still a high risk / high reward company. But our risks are slowly being reduced (very slowly for LT PIs), and the rewards still remain substantial (even with the tens of millions extra shares in circulation since JDA). Hanno needs to deliver the main project and back off putting any more of our money in his brother's company until this has been achieved. Time for Hanno to step up.
Indeed ChrisHutch, in agreement there.
Looking forward to next week already.
Sadly for most of us long term holders we need a big move just to break even. But that is how it goes sometimes, you spot a company with huge potential and it just takes a lot longer than you anticipated for it to play out. I have averaged down and I know a lot of others have as it seems to be finally ready to all start happening.
Bit frustrating to see new investors jump the queue in terms of time and price but again that is how it goes. If this comes off the way we think it will then even those holding from 5s and 6s should be close to bagging a decent profit this year.
Good luck all. It looks brighter.