Member Info for badeli

The last three weeks of 4 positive RNSs have reinforced recent excellent progress. The shareprice does not in any way reflect the prospects and I can see buying picking up again as we move towards the next milestones. Hanno has shown his long-term commitment by taking on the CEO role and the appointment of PR advisers is also an excellent development.

Excellent news that Hanno has been appointed and will now be able to build a team to work with him and take the company forward - he has both the experience and commitment required to maximise NCCL’s potential and I imagine he will quickly begin to address the PR vacuum to the benefit of shareholders. Interesting that the statement includes quite a lot about GridX of which we have heard almost nothing since the original RNS

I have a fairly large holding built up over four years and am still topping up from time to time. I have no explanation for the crazy share price but equally have no doubt NCCL will prove to have been a fantastic investment. The positive reversal will start as PR is ramped up, new CEO appointed, tariff proposals finalised, GridX moves on and various milestones are reached up to financial closure. This is not advice, just my take but, as I have not posted for a while, I thought I should reassure other LTHs that I am still around and remain positive!

Buchanon, I think you are right in that most of the long-term regulars are to the best of my knowledge still quietly holding and accumulating as and when we see an opportunity. All that has happened in the past few months has been positive and the steep drop in the RNS post-JDA cannot be explained logically and has not in any way caused me any concerns. Like everyone else I wish I had sold at 9.5 and bought back at 5.8 but I am not a seer so did not think it worth gambling on the short-term behaviour of the market in the hope of increasing my holding by about 350,000 shares at no cost! Now that the summer is ending and serious investors will be returning I am expecting a gradual return to about 9p to 10p without any news ...... and of course we are waiting confidently for several pieces of very good news!

I used to post here quite a lot but not so much recently. None of us can quite understand the vagaries of the market so we either try to time buys and sells, usually unsuccessfully, or we in invest in quality. That is why I invest in NCCL. Yes, I wish I had sold my 1 million plus share at 9.5 and bought back in sub 6 this week but I didn't and c'est la vie! I remain just as confident as ever and have been topping up as and when I can. We have our JDA, which was a significant milestone even if it was followed by inexplicable market manipulation and there is so much to look forward to which I will not summarise as all genuine investors will have read the same RNS announcements and other documentation as I have. Until true value is realised I will continue to ignore the merchants of impending and stick to the reasons why I invested in the first place.

YummyBacon, why not simply click DIRECTORS DEALS on this page and read what it says?

Hi Exttader, the attachment below from the 2019 Final Results RNS answers your query about the financial plans for the period after November 2019. Those of us who have been here for a very long time have no concerns about ongoing financial arrangements based on previous experience and various statements made, and of course bolstered by the significant sums to be repaid to NCCL.

On 16 November 2018, the Company announced that formal agreement to amend the Shareholder Loan had been reached with loan holders. The amendments extended the maturity date of the Shareholder Loan to 30 November 2019 at an interest rate of 12%. Loan holders also have an option to swap debt for equity in full or in part at a conversion price of 10.0p per share until the 30 days before the new maturity date of the Loan with a further conversion right based on a 30% discount to 60 day volume weighted average price ("VWAP") at 30 November 2019, subject to certain restrictions outlined further on note 12. A total of US$2.8 million has been drawn down under the Shareholder Loan and the repayment amount at maturity is now US$4.7 million as at 26 June 2019 (US$5.6 million as at 31 December 2018) as at 26 June 2019 including principal, rolled up previous redemption premiums, interest and loan holder conversion notices of US$0.9m of principal, rolled up previous redemption premiums and interest received since year end. The Directors are exploring a number of potential refinancing and extension solutions for the Loan ahead of the 30 November 2019 maturity date. The financial statements have been prepared in anticipation of a positive outcome, but it is important to highlight that although negotiations with the new partner are at an advanced stage, there are no binding agreements in place. The Company has also been exploring options to raise additional funding and refinance or convert the Loan however there can be no certainty that any of these initiatives will be successful.

Thanks, Koione, you certainly do not post much!! I appreciate your comments. I have learned not to assume knowledge I do not have but simply to research, make investment decisions and not blame anyone else if they do not work out. I believe NCCL is an excellent company which will reward investors handsomely - I have no idea what games MMs play and why they play them but I would only ever sell if I decided that it was in my interest to do so. I have no plans to sell NCCL, am comfortably in profit and expecting much more, very much more. It is hard to avoid feeling down on down days - up days are much more fun - but noone ever said investing was easy, otherwise we would all be millionaires! Good luck with your investments and post now and again!

All that mattered to serious investors yesterday was the major derisking event, holders need not be concerned by intraday price moves, trolls, MMs, 'why only 16%?' etc. We have in GE and CMEC two major partners legally tied to us, sharing the risks, committed to long-term profitability, working with us on tariff proposals as the project moves towards FC. Remember we have 40% of a huge project.
I do not have any concerns about 10 million sells yesterday, plenty of holders will have quite reasonably taken profits having had to wait much longer than they expected for the JDA RNS and needing their profits for family, for indulgences or for reinvestment. There were also over 9 million buys, many from new and 'excited' investors and meanwhile most of the LTHs were simply content to relax and quietly celebrate the achievement of a very significant, and crucially derisking milestone, on the road to production in 2022. Oh yes, and there is GridX too about which we are likely to receive a positive update soon as we enter a period of regular updates for both companies.
In my amateur but experienced view this is the best long-term play on AIM and will continue to be so when it is no longer on AIM!

Important to remember that only just over a month ago we were becalmed between 6.00 and 6.50. In my opinion we still need patience as the price hovers between 7.30 and 8.00. Nothing has changed, except that we are a month closer to the RNS, Scott Fletcher and others are buying and the Nomad is nowhere in sight. NCCL remains company for investors, not 'end of rainbow' traders.

Tomorrow will be fascinating - will we see a return to the morning dip and afternoon recovery which has been with us for so long or does today mark a watershed which will result in a stronger move forward until the RNS? The fact we ended at the day high is a promising sign

Now that some have had time to read the results, at least superficially, I believe there will be a gradual realisation that the deal really is on and we are very close to the JDA being signed. The wording will have been run past GE and CMEC and the strong implication is that we are almost there, hence the unusual move up on results day after an immediate slight dip.

Hi TTP, your enthusiasm is infectious! I am one of many who have been invested in NCCL for three years or more and who used to post regularly. Now all that needs to be said has been said and we are waiting quietly for the first of what will be a series of RNS announcements - JDA, tariff proposal, FC, reimbursement of historic costs, GridX update etc. I am sure many holders continue to monitor posts on the board, you are not alone even if sometimes you might think you are a lone voice!

What follows is not from me - I could not summarise the situation so well but comments from RC (MBE) on Twitter are worth considering carefully as momentum builds:

Back costs and dev premium should deliver 50-60m dollars in back costs. That then leaves us to find $60m to fund our $120m subscription for 40% of the project. The good news is the project is expected to deliver $130m EBITDA and 40% of that would be c$52m attributable to Ncondezi. Pay back one year if we borrow $60m. $52m ebitda value has to be in region of $500m or £300m valuation for us shareholders. Again a word of caution per opening paragraph. We need to see the shape of the deal. If the back costs and premium combined are in the $50m bracket then we’re in clover and that’s where I see the £1 value. Discount it back for good measure by 50% and 50p doesn’t seam unreasonable

If in doubt, read again the RNS of 29 April. There are three committed partners and one committed government - we were not promised a deadline, just urged to show patience at what must be a very delicate moment as very complex paperwork, probably hundreds of pages of it, are pored over by legal teams. I am using the dip to buy more as and when I can.

Will NCCL finally be 'allowed' to leave 6.80 behind? A good, positive start which hopefully might signify a gradual rerate up to the 8.50 to 9.00 range we last reached at the end of March? All in anticipation of the first of the two promised RNSs.

A quietly confident week, price remained stable with little evidence of any concern that the sign-off is taking longer than was implied. I don't attach any blame to anyone, it must be fiendishly complicated given that there are three companies and regulatory authorities involved. I am sure there have been a lot of lawyers working line by line through the small print so it is not surprising that in the last RNS we were asked to be patient. Hanno didn't help the situation by implying a couple of days, or at most a couple of weeks, but I am confident that is how he saw it at the time and I am sure he is quietly frustrated too!

Lots of confidence this afternoon, tick tock!

I wonder whether the RNS is a subtle message to LTHs that everything is fine, the big one will arrive when it arrives so just a bit more patience and everything will be fine! Perhaps this interpretation is just wishful thinking but the timing of the RNS was interesting and unusual.

Not the first time I have said this recently but perhaps the sleeping monster is beginning to stir. Personally in no hurry but I would like to have a week or two not thinking about NCCL. Having said that I will still be thinking about it when production starts in 2023 and expect still to be invested then as well!