Member Info for AlexE

In what way is it possibly a red flag? Would you rather the gridX project used our working cap that's needed for the next few months while we get tariff and PPA signed? Or would you rather we raised additional equity in a **** market at a **** price with warrants?

The current share price is being dictated by 2 bit traders - just wait till the tariff is agreed and then the market can value it correctly using the 25yr offtake

Anyone selling here is crazy imo, the buyers are swamping any sells and the MMs clearly have no stock since a certain Mr Fletcher took them all haha.

The trend is up and it's looking strong for a good day tomorrow.

lol

Got to ask yourself if you'd rather be selling at 52 week lows post JDA with 2 majors or buying. I know which I'd prefer

Risk reward good here

I think it's important to remember that coal isn't exactly flavour of the month so shouting about a coal fired power plant isn't exactly in our best interests untill at least tariff and PPA are signed. After that I'm sure they will be shouting away. I'd rather they stay low key and keep progressing rather than attract unwanted attention from activists etc.

I'm confident there will be a plethora of news in the run up to Xmas and tariff submission.

Thinking along the lines of:

Appointment of CEO, hopefully appointment of some more team members to assist the burden of progressing the project and handling investors and PR etc.

Shareholder loan restructuring/rolled

Binding EPC and O&M bids are also expected. These should demonstrate to the market the vast sums involved that GE and CMEC are committing and confirm the sheer size of our project!

Maybe we will hear about gridX also.

Plenty lined up I imagine and anyone selling here is likely selling at a loss so what's the point in that when the project is de-risked and looking stronger than ever. I maintain this will be huge if people actually understood and researched it more. It's a bloody steal down here. Risk reward is massive, massive.

Funded through to Q3 2020 as stated in the last RNS and at that point will have tarrif and PPA in place for 25yr offtake.

Got 1.5m in bank why do they need cash bro?

The loan has been rolled 4 times so far without issues and further to that the majority of it now only sits with AFC and MH who are major shareholders so I really don't see any issues here. It'll get rolled. If they convert it to shares in the other hand it will be dilution but neither party are going to sell and it wipes the debt from the balance sheet. Both are ok, however 99% chance it gets rolled for another year imo.

Guess corporal clueless ain't so clueless after all

More importantly it looks like it's safe to start adding again, seller that's been holding it back for so long seems to be done.

Moz government won't be wanting a stake, they will however be happy about the tax they are paid from the profits

Don't blame you, userbase sucks, limited app downloads since all the PR that must have cost a fortune and interims overdue. Not looking great.

The £60m will be ringfenced and used as part of the money toward capex at Financial close. But the company is still essential getting £60m......

(Clearly the amount is an estimation and we need to wait for tariff to be agreed before it's confirmed)

But sandcrab the company is still getting the backcosts irrelevant of whether it's being used for capex funding or not.

I imagine NCCL will fund as much of the 40% as they can with the historical costs and then sell the remaining %

There are no horses as good as nccl worth backing on AIM. It's cheap as chips.

Upon tarrif agreement we should receive in the region on £60m (that's a double bag right there from current MCAP)

Then add on top of that the fact we are holding 40% of a multi billion dollar project.

It's a blooming steal at this price.

You genuinely believe there will be zero news before PPA? Ridiculous.

How about these for starters:

Appointment of a CEO and other board positions
gridX plans
Shareholder loan update
Updated broker/research notes
Binding EPC and O&M bids
Confirmation of historical backcost amounts
TR1's
Tariff agreement confirmation
Possible director buys

Etc etc. Add this all to the anticipation build up of people getting in before PPA.

Yeah it's a blooming bargain at this price.

I was speaking with a very respectable and experienced Investor the other day who said it's the classic paradox.

People selling to chase other opportunities but in turn are creating an opportunity in the very thing they sold.

Can't sum it up better than that really. This is an opportunity than should be seized.

Selling today.