Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Vander, reference your post at 20.47 last night, I personally think we're more likely to see a revised collaboration agreement than an exclusivity deal this month, but either would be very bullish for the company. MedImmune will have been working with N4 for a year come February, the fact they're continuing the relationship (which they are, as per RNS back in November), would be exceptionally bullish for the potential of Nuvec and a revised collab with new timescales will show just how confident imo. Quite excited tbh. I share the sentiment that if this was looking dodgy MedImmune would have already disappeared.
I know this has been discussed. But I'm very excited by this sentence included within the job advertisement!
"Likely lead to commercial deals"
Nigel is a very sensible CEO and I can't personally see him using that wording lightly.... !
http://obn.org.uk/Jobs/Jobs/entryid/1660/george-james-recruitment-non-executive-director-drug-discovery-biotechnology-ref-jvm171218n
MedImmune have until beginning of Feb to exercise their right to exclusivity for Nuvec. We're also waiting for them to agree new details of an extended collaboration, but they continue to work with us regardless.
Given that MedImmune are part of Astra Zeneca I don't think they'd be pissing about with a little AIM firm unless they saw some SERIOUS potential. Although not guaranteed, I'm expecting news this month tbh.
I have been buying today. Anything sub 10p seems a great opportunity given this was 35p last year and only fell back due to Sildenafil news (which had nothing to do with the big rise, it was all off back of Nuvec news).
Nigel holds well over £1.5m of stock. It's in his interests to make this work and he's clearly confident.
GL and DYOR.
Morning all.
Well that's very welcome news today. I was beginning to think good old Bill had given up...
I think the market has missed a trick here. As Brent says, this was 7-8p in July 2017, the last time anything tangible was announced for Parys. Now we 'were' trading at 1/4 that.
The numbers here tell a straightforward story. $1bn worth of resources in a safe part of the world with much infrastructure already in place (just needs upgrading). This is a straightforward project, mouth watering upside and the current market cap is far too cheap!!
GL and DYOR.
Mercedesman, the MMs are short. Any buying pressure will see movement northwards and if that all comes at once, it should be a strong move.
Imho we should already be trading between 8 and 9p, with occasional pushes to 10p. So anything around this level is a steal.
Next RNS likely to be a clear pathway to JDA, which will be before February. I'm looking for a solid 10p over next few weeks and 20p - 30p plus upon JDA. SP will move much higher upon milestones after this...
Potentially just 2-3 months to wait... beautiful!
There was a false bid yesterday with Cantors advertising 7p but not actually taking anything. This little dip is healthy because, as you can see, there's plenty of appetite to buy sub 7p, just as there was (not so long ago) at the 6p level. I'm quite happy seeing 1p price movements on a bi-weekly basis. 10p by mid-December...
This question has been raised wirh Hanno a few times. The problems are with different areas of GE’s business and are nothing we need to be overly concerned about. In fact, I’d say it’s quite the opposite as they’ll need to focus on high profit projects in areas of growth like Africa and Moz. I’d also like to remind you, that despite the sliding share price, GE’s market cap is still ~$75bn.
That will depend on a variety of things. You can expect AFC, one of our largest and most influential shareholders, to be heavily involved in the funding though. It's what they do.
https://www.youtube.com/watch?v=TzuQLMxIqoY#action=share
A positive watch/listen. This might produce some new interest...
Hey chaps.
I was one of the contingent who made it to the AGM on Monday. Hanno joined a selection of us for lunch after and I must say, the meeting(s) filled me with confidence. It was the first time I'd ever spoken to Hanno personally and he's a very shrewd, engaging character. He knows what he's doing and was very comfortable answering even the most 'probing' questions.
In the near term, we can look forward to the following:
1. Confirmation of debt restructure at 10p equivalent. With AFC voting by proxy in agreement of resolution 7, this was effectively them signing off the restructure. Just waiting formal signature now which should arrive shortly and then it can be RNSd (may have already been signed tbh). Some will definitely have been holding off entry with concerns about the debt. Once the restructure is in place, I'd expect those on the sidelines to being taking their positions. Potentially some 'larger' players are keeping an eye on us too...
2. GE/CMEC approving MOU. The importance of the MOU and LOI arriving appears to have been missed by the masses. This is a SIGNIFICANT de-risking event. EDM/MIREME DON'T HAND THESE OUT LIGHTLY, as we've seen by the length of time it took to arrive. They are ENDORSING this project and, as we all know, it meets PERFECTLY with their own targets for generating power to the region. We are the most advanced project in Mozambique and have the best possible partners.
3. Updated timeline to JDA, approved by all parties. This will show a clear pathway to JDA and highlight all significant milestones. Hanno stressed that JDA is not dependant on the EPC and O&M bids. JDA will come first. The rest is basically a formality which will follow. Once JDA signed, that's confirmation that this project goes ahead with our partners. They hoped to have it done by the end of the year, but the reality is their real target is end of January, before Chinese New Year.
We broached the subject of RNSs and 'meatier' wording. Unfortunately the company's hands are tied with what they can release regarding any mouth-watering numbers. However, there are plenty of numbers out there for PIs to work from. Plus Hanno's own comments of 50p per share NPV. We did have some strong discussion about RNS titles. So rather than a boring "Project update", I'd hope to see something more exciting moving forward.
Finally, Hanno is very aware of how frustrated we are by missed targets. The missed targets this year were out of NCCL's hands and lessons have been learned. For what it's worth, following the meeting, I understand various attendees have bought more (including those most shrewd). If that doesn't fill you with confidence, then nothing will.
I know targets of anywhere between 35p and £1 get mentioned and these may seem crazy, but over time I think each target will be hit and perhaps even surpassed, just a few more boxes to tick first. Good things come to those who wait (and take a position before the herd haha).
GL and
All looking good here. No sign of any significant selling at all now. Bodes very, very well considering how close we are to company making news.
First step on Monday at AGM. Get this debt restructure approved and hopefully create a firm base at 10p, plus fill the market with confidence about the deal. Hanno said 50p right? I'll have some of that please!
Lurker, Hanno said appointing a new chairman for EDM will not effect anything to do with the Ncondezi project. However, my own personal thoughts are that it may have been a distraction, which is no longer there... If no news by Monday we'll quiz Hanno again at the AGM.
I fancy Monday being our day. A positive RNS just in time for the AGM will create quite a buzz in the room and save Hanno from a barrage of questions!
Nice find indeed! No distractions now. Let’s get it done!
Nice to see you excited Chartist! This could be an AIM great if Nuvec comes off, and at the moment it's looking good... :o)
Absolutely delighted to wake up to this update today. My buys at 4.7p last week looking like a true gift, and it's not even Christmas yet!
Let's not forget that N4P's share price hit 35p off back of Nuvec good news, NOT Sildenafil. So to fall all the way back to 4p from Sildenafil failure shows market wasn't paying attention! Nuvec has huge global potential in another multi $bn industry... All going brilliantly so far.
Maybe the market will continue waking up to the potential here now. Nuvec could well be the golden egg!
Chaps,
No manipulation for the sub 4.75p buys this morning. I bought the 100k and the 25k to add to my existing ride (was all available on that particular ask).
Felt this price too good an opportunity given the potential news flow ahead this quarter. It's a bit of a binary 'gamble' for me now, but I feel surprisingly bullish about Nuvec.
ATB.
How people are managing to buy at this level is crazy.
It seems that many people simply don't believe and the bored have been moving on. For me, this sparks incredible opportunity. We're still at the same price we were back in April, yet the project has moved on and our debt is on the verge of being re-worked into a highly lucrative and confidence building structure.
Those with patience will reap the strongest rewards.
Nice post Coco. It's amazing just how much Mozambique needs this project and as soon as possible. You don't draw the attention of companies like GE and CMEC if this wasn't going to be very lucrative indeed for everyone involved. Come on EDM/MIRIME/Moz, let's get this party started!
Right, back to NCCL... bring on the news Mr Hanno! The ducks are lining up, albeit slowly, and this quarter could be life changing for many holders if all goes according to plan. Good luck to us all!