Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Glah
Stay calm
All promising but where is the funding? Securing Chinese funding for coal-fired power projects will remain a challenge. Please be advised the an institution like AIIB (led by China) have made it clear they will not finance any coal-related projects. It is effectively a policy statement. It is also unlikely that non-Chinese financial institutions would finance it. Any attempt to change to CTL or equivalent is wishful thinking for greenfield projects.
Hi there, been reading up a little on this company and sounds promising, although i would like to hear opinions on mozambiques actual political and economic outlook in the forseeable future. From what ive seen outlined on the world banks website, there has been a few scandels conserning high unreported debts of the country aswell as civil unrest with 'islamic insurgency' and other military issues. was just wondering if anyone has and perspectives on how these issues will affect business in the country, specifically this business. Thanks!
31 March 2020: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) is pleased to provide a general update on its power tariff finalisation and submission process for the integrated Ncondezi 300MW coal-fired power project and coal mine in Tete, Mozambique (the "Project").
Highlights:
· Material Project milestone achieved on time with the submission of a firm tariff proposal (the "Proposal") to the Mozambican Government and Electricidade de Moçambique ("EDM")
· Represents the last milestone to initiate formal tariff negotiations with EDM
· The Project targets the provision of 24 hour reliable, affordable and accessible power in northern Mozambique, a key growth region currently reliant on expensive emergency generation and exposed to the effects of prolonged droughts
· The Proposal targets an attractive energy solution that is competitive with existing gas power plants in Mozambique, and up to 60% cheaper than the emergency generation plants currently in use.
· The Proposal is supported by:
o Executed Joint development ("JDA")
o Detailed Engineering, Procurement and Construction ("EPC") and Operations and Maintenance ("O&M") proposals from China Machinery Engineering Corporation ("CMEC") and GE Energy Switzerland GmbH ("GE");
o Indicative debt financing terms from a leading financial institution; and
o A Letter of Interest from a leading export credit agency.
· The Project will be designed to use state of the art emission control technologies to seek to reduce local air pollutants, minimize the plant's impact on the environment and ensuring its compliance with the most stringent emission standards
· The Project is fully aligned with the Government's energy generation strategy for additional coal power into the generation mix from 2023
looks a bit more positive today
But thats across the market. News due anytime now going forward so holding strong despite the dip
Amazing the effect of one buy today of just £6K on the share price. Just shows what the effect is of the small free float and what may happen to the SP when we get the next update.
Excited for the month of two here and should see a rise towards Tariff news.
- Synergy Consulting ("Synergy") selected as preferred financial advisor to prepare Project financial model and finalise tariff submission and negotiation process with Electricidade de Moçambique ("EDM")
- KPMG Auditores e Consultores S.A. ("KPMG") appointed to provide tax services related to the Project financial model
- Tariff financial model kick off meetings with strategic partners, advisors and lenders to start financial model update and tariff finalisation are being held in Beijing in December 2019
- Key inputs to update the Project financial model and tariff on track to be received by end of December 2019
- EPC and O&M bid submissions from Project strategic partners expected in December 2019 following completion of due diligence process by strategic partners
- Target tariff negotiation finalisation during H1 2020
Its fireworks !! Something happening with all those buys last few days.
Possible news of the JDA
Significant progress has been made on the JDA over the last month, with alignment being reached on a majority of the commercial points,” commented Ncondezi nonexecutive chairperson Michael Haworth. “The final JDA draft is expected [soon] and the company asks for investor patience during these closing stages. https://m.miningweekly.com/article/ncondezi-energy-jda-entering-final-phase-2019-04-29/rep_id:3861
Serious stuff this. Well done all.
Rubbish listen to podcast Hanno says fully funded to complete jda
The set trend appears to be for higher.
Lowest ask on show has moved up to 7p....and that being paid.
NCCL up almost 12% on the day and running strongly into the close.
Interesting times....at last?
For a placing imo.
Long wait 2020
Any rise sell on is order of the day