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I agree with so much going for them why the ******* discount of so much just takes shareholders for mugs and if and when goes bk to 1.3 then the board can cash in the warrants and more money in there pocket total disregard to shareholders.we are the ones that lose out happens all the time on this casino
Whoever has stumped up the cash will have know, just like we did, the company was literally in a placing or bust situation.
Regardless of what the asset values are, you’d of course drive a mega discount to improve your return / reduce downside risk (latter more likely with NCCL)
Scott Fletcher then says “yes please” I’ll average down.
He’s literally the only thing that provides a sliver of hope. He’s got 20% of the Co and keeps adding in. Either he’s just looking to buy a solar project like the last one that shareholders get nothing of, or he sees some value….
This is painful, but at least company still solvent to deliver the potential coal sale and progress the solar development. I had feared that they would bust it, bid farewell to the shareholders and the creditors would take the assets.
We live to fight another day, well until April, when we should have further positive news. Still struggling to understand why such a discount was required, given value of the projects and the potential negative impact it will have on the sp.
Oh well….no shock a stupidly discounted placing arrives. That’s a 33% discount which was always going to happen when they announced the company was running on fumes.
When you’re 90% down already a 30% drop is less painful haha.
Warrants attached too so it’s even further dilutive. Pound after pound of value in the solar project being diluted away.
Congrats Hanno - who didn’t even take part in the placing. He is one hell of a crook!
My apologies just seen the placing RNS.
Lol I think not. You really think Mr Fletcher is going to allow such dilution..?? Course not. That is a great RNS, NCCL now moving full centre into buyers Radars. Plus update re Coal resource and future JV partner incoming. SP here about to move quickly upward.
An update first to soften the half a million raised at 2/3 of the SP.... ouch
News out - Solar valuation update and next steps
1 code hopefully news soon.
Indeed Momo2058, many of the PI’s are still invested , but patience has been tested and attention turned elsewhere whilst Hanno sorts the funding for the solar project and a purchaser/ JV partner for the coal asset.
These elements are under the control of NCCL and they are no longer wholly reliant on the Chinese to fund, generate revenue and realise value. The risk to the shareholders now is potential dilution or Hanno failing to deliver on either of these 2 opportunities.
It has taken much longer than anticipated to realise value, however I sense now that we’re closer to delivering on what appear to be feasible projects than we’ve had previously.
It’s only a matter of time - NCCL are sitting on top of a huge coal resource and the draft FS in the last RNS was excellent. All this potential will be picked up soon - especially by a Chinese investor as it becomes difficult for them to invest in North America.
This BB is so quiet now, (tbh though, I rarely post, am more of a watcher).
Are there many Pi's left, or does Scot own it all now?
He must be very much underwater, like most of us, however he must also
still see a future of returns here!
Have held, averaged down and found myself deeper and deeper underwater,
somehow, I still feel there is something that's going to happen, which will propel
this sp upwards. Whether it be the coal, solar, or the power station getting the go
ahead, or something completely different.
Have been here since the beginning of '17, so I'm due something lol
Please will someone with deep pockets (China) come and finance this!
Ncondezi have just tweeted the following:
"Investment fund Acre Impact Capital launching $200m fund for climate finance in #Africa #solar #Mozambique https://bit.ly/3N62me1 "
I cant see any other reason for them to tweet this unless they have been short listed for funding :D
Excellent post Bladesharp!
https://furtherafrica.com/2022/10/26/mozambique-2023-budget-draft-forecasts-23-1-growth-in-extractive-sector/
"Coal production will continue to rise, due to the global energy crisis, with the increase in production reaching 28%"
Now Ncondezi have a 4 Billion Tonne JORC coal mine (fully approved) ready to go into production in 6-9 months as soon as they find a buyer/JV partner. Looks like Moz are already factoring this in
Looking like a Strong Finish ahead of the substantial news coming by the end of the month. Starting to feel very good for current and LTH. Good Luck all.
Those two trades at 1.38 for £6490 x2 caused the jump. Buys over on aquis to at 1.38 on Nccl.
,small free float is killin; me ! got an order in but not biting
Minimal free float and huge assets not priced in mean this will skyrocket
The issue is small free float which means trading in quantity is challenging. Relatively small buys today have resulted in significant price movement. Need MM’s to act effectively!
Multi bagger potential here
bought more few days ago. trying for some today but goign to NT right no w.
Just need that volume to kick in and we are away. "Today that JORC is 4b tonnes" i think HUGE undermines the quantity of coal they have.
Completely agree Benjan. Looks like investors are taking a longer look at NCCL now. it appears prospects have really changed. SP so far looking perky.
Tremendous potential upside in the coal JV and solar project. This seems far more likely to be delivered than coal 2 power project that was wholly reliant on CMEC/ Chinese government.
I hope the announcement due by 31/10 provides clear detailed financials on both prospects, as basic analysis shows huge upside.
Both opportunities provide near term cash flow, so should deal with funding issues.
Finally it appears that the LTH’s will be rewarded for the patience to date. I get the scepticism and tough market conditions, but present market cap doesn’t reflect the risk/ reward profile resulting from the recent change of strategy.