Member Info for AlexE

Wont be any PR yet. It's too sensitive and too early. Why would they jepodise a billion dollar project for the sake of some early PR.

Look what happened to Lamu in Kenya when the activists got involved. Recommend not singing from the roof tops just yet. Not in todays culture of slamming all things fossil fuels.

But thats factually correct....he is a ****.

They've been in bed with, and oaying a consultancy fee to Synergy simce 2016, fat lot of good its done so far, the only new thing about todays RNS is the introduction of yet more fees to pay.

power must be provided to the grid no later than 2023

"That would complete quite a reinvention : from coal mine to coal power to clean power... "

They already half way there with GridX which is an off grid solar/battery play that is a first mover in Mozambique.

The power plant main project will fund the green portfolio of projects by generating huge capital.

That'll do pig, that'll do

still expecting historical cost news (circa $25-30m rebate) and binding EPC/O&M contracts.....which comes first!? and when? imminent according to the investor call!

there's the final milestone prior to EDM confirming the Tariff! Q1 2021 going to be explosive

answers to questions:

1 . Are historical costs still due this month? Yes, CMEC have meticulously gone through every invoice over $10k for the past 10 years. The audit is due to NCCL this month...so presumably they have received it. Estimated c $25-30m

2. Is the developer ls fee seperate to the premium? Yes, so we are expecting 3x separate payments

3. The market study is expected this month and the Tariff proposal to EDM is expected in January with an agreement planned for February.

Nelly the serial deramper is back, normally a good sign when they return.

because if you read the RNS then you'll notice thag5its been submitted to CMEC for final review, they are hardly going to announce the figures until formally agreed

Heh, I knew that bloke would be kicking himself.

GE still in

CMEC confirmation of project

Contingency anyway

Imagine if GE came back to Ncondezi saying that they are still providing the equipment....What a message that would send to market, the fact GE are still supporting our 'little' project and in discussions with a £10m cap AIM minnow. Couldn't get a stronger indicator that the project is on if it smacked you in the face.

I'm optimistic that's coming, and if not then as stated by company there are others waiting in the wings

should read "no material impact"

you could very well be kicking yourself.

Where does it say GE have pulled out? All i see is an RNS saying Ncondezi will update us when they have heard from GE regarding the announcement they made.

Furthermore it states that there is material impact to project either way. Nowhere does is say GE are no longer providing the equipment

that at some point this month we will be hearing the news on the historical costs audit!

In fact the CEO mentioned in the last proactive that he is expecting to be able to release 3 pieces of key news this month. tick tock!

CMEC President, Fang Yanshui said:

"We are very pleased to have signed the Shareholders Agreement Term Sheet with our partner, Ncondezi. The signing represents a stepping stone to the Full Form Agreements and demonstrates continued progress at the Project.

The agreed investment conditions set out the priority work streams between the parties over the coming months, including the approval of the tariff with EDM, signing of the EPC and O&M agreements and agreement on historical costs and the subscription price.

We remain confident that we will deliver an efficient, environmentally-friendly and economically viable integrated coal and power project successfully whilst also fully aligned with Mozambique's goals for reliable affordable power supply."

Talk all you want about future focuses etc etc but look at reality, the android app still only has 50k+ downloads after all this time and after all these partnerships. Not good. Theres still no user base......hence the abysmal finances.

The only news flow of importance was this from the final results........

---------------------------

The Group reported revenues for the year totalling £0.2m (2018: £1.2m) resulting from content sales, partnership licencing deals and subscriber revenues from its partnership with O2 which launched in October 2019. The gross loss of £1.6m (2018 : £0.2m) has been calculated after the deduction of content creation costs as well as amounts due to all rights holders. These amounts include commissions and revenue share arrangements due to app stores, record labels, artists, publishers, songwriters and exclusive event / venue partners.



The operating loss before non-recurring and non-cash items for the year amounted to £13.8m (2018: loss £10.1m)

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diabolical, and to me highlights how extremely overvalued MVR is currently at

news will be early next week yeah