Member Info for Aeasty

What a huge huge confidence booster. Well done Scott a northerner loves a bargain

Comparing SML and PREM is like comparing a holiday to Blackpool in November to the Seychelles

What an excellent RNS, absolutely great company this, with a top class BOD and vision. Surely can't stay under the radar for long.

I think it would be fair to assume that the project has come on too far for GE and CMEC to pull out now, if that were the case it would have happened months ago. Also fits the bill for both companies profiles. As CF73 mentioned, GE need their power division to be driving forward and to be building the turbines, boilers etc. Additionally CMEC is a Chinese company who are keen investors in Africa through the the belt and road initiative. Therefore it really comes down to Mozambiques and EDMs appetite for the project. The country needs more electricity, particularly on the northern grid (where Tete is) Hanno mentions often that NCCL are the most advanced project in the country.....therefore I would suggest that their appetite to partner up and sanction this project is also there.... We have a small free float and some savvy investors. The AFC hold 20%, the bod around 15%, other IIs 10%, and Scott Fletcher 3%, further to these published there are also a lot of sticky large LTHs. The loan restructuring was a very bullish confidence booster proving that insiders were happy to convert their debt to equity at a 33% premium (now over 50%) and also agreed not to call for the loan to be repaid on the 2nd Oct. Although this has taken a while soon NCCL balance sheet should reflect this and it's a non dilutive method. Win win. Hopefully get some news soon and in my opinion anything positive we will see a surge in the SP as people desperately try take a position. Given the small free float I fear it may be hard for them to do so though. Good luck all holders.

That's certainly what I thinks happening eyeguy. I just don't have the minerals to buy more haha

If that was a sell we wouldn't be 8% up. That looks like a very cheeky buy. Mates rates.

Ooooh now that's a big mates rates buy. Probably what caused the surge.

I was on the call, trust me getting that letter is a HUGE step forward. Real moment of de-risk for us PIs, and essentially locks in the JDA. It's EDMs endorsement of the project and the key to releasing resources and finances

Well worth reading the notes from an investor call with Hanno on twitter.

1 month, 2 months, 3, 4, 10, is all irrelevant, there are big rewards here if you have the patience and metal to hold out.

I know it's thrown around as just a 'non binding letter of acceptance (LOA)' But the significance is much Much MUCH more than that. Mozambique is not like the UK or other Western countries where tarrifs and tenders go through a competitive bidding war process. The government and EDM will select a project (if it's advanced and feasible enough) and then back it, committing resources and finances! So IF they do issue this LOA then that is as good as it gets. It proves that EDM are willing to select Ncondezi and GE and go forward. This is why GE and CMEC want this assurance and I can fully appreciate it. The delay in issuing this is probably because of some back and forth and final tinkering of the wording but when we hear an update about this then for me it's a big big green light and full steam ahead for JDA ... GL all I'm adding

Proved good support and buyers in 6p region. Big juicy hammer today, could tie in nicely over the short term if we get a catalyst or two. Let's see what the next few weeks bring.

Someone got some cheap

All to play for*

Thanks for the top up opportunity! Added twice at a steal. All that play for here and closing in.

I guess we may hear something tomorrow on the loan front? Even a quick update stating that the project is all on track and progressing nicely would do..

Very very odd indeed. Certainly won't be selling at a discount tomorrow that's for sure.

Does seem a bit corrupt huh

Oh....

I have the patience of a saint and even I am wavering so not surprising to see other PIs probably less researched than me selling. Getting fed up now, come on NEL